Greater Towson Committee Inc in Towson, Maryland (MD)
Table of contents:
| Greater Towson Committee Inc | |
| Employer Identification Number (EIN) | 521161000 |
| Name of Organization | Greater Towson Committee Inc |
| Address | 102 W Pennsylvania Ave Ste 101, Towson, MD 21204-4540 |
| Activities | Other activity aimed t combating community deterioration, Other inner city or community benefit activities |
| Subsection | Charitable Organization |
| Ruling Date | 02/1981 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $105,045 |
| Amount of Income | $80,462 |
| Form 990 Revenue Amount | $68,460 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $80,462 (it was $90,783 in 2012)
| Greater Towson Committee Inc: | $80,462 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2013: $105,045 (it was $77,949 in 2012)
| Greater Towson Committee Inc: | $105,045 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2013: $42,594
| This organization: | $42,594 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2013: 1.9
| Greater Towson Committee Inc: | 1.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 94.4%
| Greater Towson Committee Inc: | 94.4% |
| Other organizations performing similar types of work: | 35.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $60,249 | $80,576 | $68,460 |
| Contributions, gifts, grants, and similar amounts received | $55,613 | $84,123 | $64,597 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $4,635 | $-3,547 | $3,863 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $14,858 | $6,660 | $15,865 |
| Less: direct expenses from gaming and fundraising events | $10,223 | $10,207 | $12,002 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $47,198 | $46,383 | $42,594 |
| Total net assets | $41,018 | $75,211 | $101,077 |
| Excess/Deficit for the year | $13,051 | $34,193 | $25,866 |
| Net assets or fund balances at beginning of year | $27,967 | $41,018 | $75,211 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $75,211 | $101,077 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $41,115 | $77,949 | $105,045 |
| Total liabilities | $97 | $2,738 | $3,968 |
| Net assets or fund balances | $41,018 | $75,211 | $101,077 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| 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) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $233,147 |
| Subtotal Support | $276,923 |
| Gifts, grants, contributions, and membership fees received | $276,923 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $43,776 |
| Total Support | $297,394 |
| Public Support | $276,923 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $100 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $20,371 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Uptown Columbus Inc | PO BOX 1237, Columbus, GA 31902-1237 | GA | 1985-04 | $12,826,789 |
| 2 | South Bronx Overall Economic Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1973-08 | $8,444,805 |
| 3 | Prince Georges County Economic Development Corporation | 1801 Mccormick Drive, Largo, MD 20774-5326 | MD | 1984-04 | $8,041,305 |
| 4 | West Central Indiana Economic Development District Inc | 1718 Wabash Ave, Terre Haute, IN 47807-3323 | IN | 1969-08 | $5,403,201 |
| 5 | South Georgia Regional Development Center | PO BOX 1223, Valdosta, GA 31603-1223 | GA | 1979-09 | $4,665,054 |
| 6 | Anne Arundel Economic Development Corporation | 2660 Riva Rd Ste 200, Annapolis, MD 21401-7179 | MD | 1994-06 | $3,468,052 |
| 7 | Historic East Baltimore Community Action Coalition Inc | 1212 N Wolfe St, Baltimore, MD 21213-3303 | MD | 1995-09 | $2,489,295 |
| 8 | Warriors Inc | 2733 Market St, Youngstown, OH 44507-1612 | OH | 1998-08 | $2,042,544 |
| 9 | Sierra Vista Economic Development | 750 Bartow, Sierra Vista, AZ 85635-1827 | AZ | 1987-06 | $1,835,033 |
| 10 | Stand Up For Salem Inc | Fenwick Plaza Suite 7, Salem, NJ 08079 | NJ | 1989-09 | $1,714,895 |
| 11 | Tule River Economic Development Corporation | 2780 W Yowlumne Ave Ste A559, Porterville, CA 93257-9592 | CA | 1992-07 | $1,156,764 |
| 12 | Sunrise County Economic Council | 53 Prescott Dr Suite 3, Machias, ME 04654-3424 | ME | 1995-03 | $1,012,879 |
| 13 | Gateway-Georgia Avenue Revitalization Corporation, Boehm Randolph | 8035 13th Street Suite 113, Silver Spring, MD 20910 | MD | 1998-10 | $266,457 |
| 14 | Bradford Street Development Corp | 2901 E Baltimore St, Baltimore, MD 21224-1343 | MD | 1995-11 | $163,194 |
| 15 | Greater Towson Committee Inc | 102 W Pennsylvania Ave Ste 101, Towson, MD 21204-4540 | MD | 1981-02 | $80,462 |
| 16 | Adopt-A-House Development Corporation | 2630 Harford Rd, Baltimore, MD 21218-4928 | MD | 1997-05 | $72,949 |
| 17 | Economic Alliance Of Greater Baltimore Foundation Inc | 1 E Pratt St Ste 200, Baltimore, MD 21202-1129 | MD | 1998-03 | $60,000 |
| 18 | Community Revitalization Foundation Inc | 414 Lyman Ave, Baltimore, MD 21212-3511 | MD | 1996-04 | $0 |
| 19 | The Foundation For Economic Development | PO BOX 956, Holland Point, MD 20714-0956 | MD | 1980-10 | $0 |
| 20 | West Arlington Improvement Assoc Of Baltimore City Inc | 4314 Elderon Ave, Baltimore, MD 21215-4804 | MD | 1997-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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