Aberdeen Economic & Development Corporation in Aberdeen, Maryland (MD)

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Aberdeen Economic & Development Corporation
Employer Identification Number (EIN)522069370
Name of OrganizationAberdeen Economic & Development Corporation
In Care of NameCharles Jacobs
AddressPo Box 70, Aberdeen, MD 21001
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Area development, redevelopment of renewal
SubsectionCharitable Organization
Ruling Date07/1998
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$22,953
Amount of Income$162
Form 990 Revenue Amount$162
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General)


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Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$162
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$162
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$9,501
Total net assets$22,953
Deficit for the year$-9,339
Net assets or fund balances at beginning of year$32,292
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$22,953
Total liabilities$0
Net assets or fund balances$22,953
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$33,886
Gifts, grants, contributions, and membership fees received$30,000
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$3,886
Gross receipts from related activities, etc.$0
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