Route 40 Business Association Inc in Abingdon, Maryland (MD)
Table of contents:
| Route 40 Business Association Inc | |
| Employer Identification Number (EIN) | 521791221 |
| Name of Organization | Route 40 Business Association Inc |
| Address | PO BOX 1203, Abingdon, MD 21009-6203 |
| Subsection | Charitable Organization |
| Ruling Date | 11/1999 |
| 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 | 06/2014 |
| Assets | $1 to $9,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $4,938 |
| Amount of Income | $20,759 |
| Form 990 Revenue Amount | $9,161 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2014: $20,759 (it was $931 in 2013)
| Route 40 Business Association Inc: | $20,759 |
| Other organizations performing similar types of work: | $141,217 |
Assets in 2014: $4,938 (it was $13,540 in 2013)
| Route 40 Business Association Inc: | $4,938 |
| Other organizations performing similar types of work: | $121,026 |
Expenses in 2014: $17,763
| This organization: | $17,763 |
| Other organizations performing similar types of work: | $118,087 |
Income to expenses ratio in 2014: 1.2
| Route 40 Business Association Inc: | 1.2 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2014: 2.5%
| Route 40 Business Association Inc: | 2.5% |
| Other organizations performing similar types of work: | 87.4% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $16,923 | $45,886 | $931 | $9,161 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 | $226 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $1,120 |
| Membership dues and assessments | $8,392 | $8,175 | $7,200 | $9,708 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $8,531 | $37,711 | $-6,269 | $-1,893 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $31,144 | $67,109 | $24,655 | $9,705 |
| Less: direct expenses from gaming and fundraising events | $22,613 | $29,398 | $30,924 | $11,598 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $24,026 | $33,940 | $18,799 | $17,763 |
| Total net assets | $19,462 | $31,408 | $13,540 | $4,938 |
| Excess/Deficit for the year | $-7,103 | $11,946 | $-17,868 | $-8,602 |
| Net assets or fund balances at beginning of year | $26,565 | $19,462 | $31,408 | $13,540 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $31,408 | $13,540 | $4,938 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $19,462 | $31,408 | $13,540 | $4,938 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $19,462 | $31,408 | $13,540 | $4,938 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $240,455 |
| Subtotal | $240,455 |
| Gifts, grants, contributions, and membership fees received | $44,056 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $196,399 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $240,455 |
| Public support | $240,455 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ventura County Community Development Corporation | 2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813 | CA | 2003-05 | $5,683,551 |
| 2 | Baltimore Arts Realty Corporation | 1122 Kenilworth Dr Ste 201, Towson, MD 21204-2143 | MD | 2014-03 | $1,423,000 |
| 3 | Central Baltimore Partnership Inc | 1800 N Charles St Ste 810, Baltimore, MD 21201-5987 | MD | 2008-12 | $544,407 |
| 4 | Washington Village-Pigtown Neighborhood Planning Council Inc | 904 Washington Blvd, Baltimore, MD 21230-2318 | MD | 1996-01 | $533,907 |
| 5 | Unity Economic Development Corporation | 5801 Allentown Rd # 309, Suitland, MD 20746-4563 | MD | 2003-01 | $280,332 |
| 6 | The Neighborhoods Of Greater Lauraville Inc, Neighborhoods Of Greater Lauraville | 4709 Harford Rd, Baltimore, MD 21214-3205 | MD | 1995-05 | $167,510 |
| 7 | Prt Reach Foundation Inc | 5850 Waterloo Rd Ste 140, Columbia, MD 21045-1944 | MD | 2011-06 | $102,430 |
| 8 | Downtown Columbia Partnership Inc | 10221 Wincopin Cir Ste 300, Columbia, MD 21044-3419 | MD | 2014-09 | $41,062 |
| 9 | Route 40 Business Association Inc | PO BOX 1203, Abingdon, MD 21009-6203 | MD | 1999-11 | $20,759 |
| 10 | Eastern Shore Leadership Council Inc | 315 High Street Ste 201, Chestertown, MD 21620 | MD | 2010-04 | $2,500 |
| 11 | 1911 United | 5627 Allentown Rd, Suitland, MD 20746 | MD | 2014-07 | $0 |
| 12 | America First Foundation Inc | 12308 Loch Carron Cir, Ft Washington, MD 20744-7017 | MD | 2003-08 | $0 |
| 13 | Baltimore Area Hispanic Community Development Corporation | 6000 Erdman Avenue, Baltimore, MD 21205-3044 | MD | 2010-02 | $0 |
| 14 | Baltimore Green Currency Association | 3728 Elm Avenue, Baltimore, MD 21211 | MD | 2014-12 | $0 |
| 15 | Brothers United Who Dare To Care | 131 W North Avenue, Hagerstown, MD 21740 | MD | 1997-12 | $0 |
| 16 | Carpenters House | 1907 Poplar Grove St, Baltimore, MD 21216-3142 | MD | 2015-04 | $0 |
| 17 | Central Prince Georges County Cdc | 1101 Mercantile Ln Ste 110, Largo, MD 20774-5360 | MD | 2005-08 | $0 |
| 18 | Hagerstown Revitalization Corporation | 35 West Baltimore Street, Hagerstown, MD 21740-6059 | MD | 2004-12 | $0 |
| 19 | Howard Park Stategic Planning And Development Corp, Howard Park Strategic Planning And Community Development Corporation Inc | Po Box 26417, Baltimore, MD 21207 | MD | 2003-06 | $0 |
| 20 | Macedonia Life Community Development Corporation | 718 W Lafayette Ave, Baltimore, MD 21217 | MD | 2013-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,538 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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