Battle Creek Unlimited Inc in Battle Creek, Michigan (MI)

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Battle Creek Unlimited Inc
Employer Identification Number (EIN)381951806
Name of OrganizationBattle Creek Unlimited Inc
Address4950 W Dickman Rd Ste A1, Battle Creek, MI 49037-7345
ActivitiesAttracting new industry or retaining industry in an area, Area development, redevelopment of renewal
SubsectionCharitable Organization
Ruling Date08/1975
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$17,033,110
Amount of Income$12,832,497
Form 990 Revenue Amount$6,566,793
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Business and Industry


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Amount of income in 2014: $12,832,497
Battle Creek Unlimited Inc: 

 $12,832,497
Other organizations performing similar types of work: 

 $865,236

Assets in 2014: $17,033,110
This organization: 

 $17,033,110
Other organizations performing similar types of work: 

 $3,833,950

Expenses in 2013: $5,860,724
This organization: 

 $5,860,724
Other organizations performing similar types of work: 

 $807,985

Income to expenses ratio in 2013: 2.2
Battle Creek Unlimited Inc: 

 2.2
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 74.1%
This organization: 

 74.1%
Other organizations performing similar types of work: 

 62.6%

Number of employees in 2013: 17
Battle Creek Unlimited Inc: 

 17
Other organizations performing similar types of work: 

 6

Employees paid over $100,000 in 2013: 35.3%
Battle Creek Unlimited Inc: 

 35.3%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 80.0%
This organization: 

 80.0%
Other organizations performing similar types of work: 

 12.1%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?YesYes
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?YesNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoYes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10963431
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return1817
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$376,797$379,587
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$115,164$127,682
Total number of individuals who received more than $100,000 of reportable compensation from the organization33
Total number of independent contractors who received more than $100,000 of compensation from the organization33
Statement of Revenue
201120122013
Total revenue$10,717,582$7,327,860$6,986,214
Contributions, Gifts, Grants and Other Similar Amounts$9,336,790$5,881,843$5,588,864
Program Service Revenue$1,078,596$1,095,934$1,118,267
561000$716,434$765,438
561000$168,500$140,602
561000$130,000$130,000
561000$81,000$82,227
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$253,242$238,370$220,059
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$5,808$0$0
Net gain/loss from sales of assets other than inventory$-7,102$64,372$-1,888
Gross amount from sales of assets other than inventory (Securities / Other)$4,376,193 / $0$9,095,420 / $1,120,000$12,942,717 / $0
Less: cost or other basis and sales expenses (Securities / Other)$4,376,193 / $7,102$9,095,420 / $1,055,628$12,942,717 / $1,888
Gain or (loss) (Securities / Other)$0 / $-7,102$0 / $64,372$0 / $-1,888
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$50,248$47,341$60,912
900099$47,341$60,912
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$6,289,093$8,269,548$5,860,724
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$147,428$148,337$229,214
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$912,217$922,249$921,235
Pension plan accruals and contributions$160,447$162,303
Other employee benefits$298,659$246,576
Payroll taxes$82,603$84,524$83,356
Fees for services (non-employees)
Management$126,000$126,000
Legal$36,484$31,027
Accounting$23,827$24,746
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$4,498,676$2,158,804
Advertising and promotion$126,042$181,766
Office expenses$0$0
Information technology$0$0
Royalties$0$0
Occupancy$136,099$128,512
Travel$10,360$7,456
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$172,891$112,193
Interest$224,674$205,624
Payments to affiliates$0$0
Depreciation, depletion, and amortization$197,888$191,502
Insurance$48,300$54,350
Other expenses$601,088$585,220
Other expenses$159,421$179,802
Other expenses$65,728$59,531
Other expenses$41,394$50,220
Other expenses$186,460$121,287
Balance Sheet
201120122013
Total assets$17,877,920$20,996,205$17,223,989
Cash - non-interest-bearing$2,023,040$840,945
Savings and temporary cash investments$0$1,550,151
Pledges and grants receivable, net$0$0
Accounts receivable, net$202,184$223,909
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$388$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$900,000$1,171,217
Inventories for sale or use$10,448$12,197
Prepaid expenses and deferred charges$32,131$56,257
Land, buildings, and equipment: cost or other basis$4,169,207$4,014,845
Investments - publicly traded securities$11,928,982$9,019,420
Investments - other securities$1,241,168$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$488,657$335,048
Total liabilities$7,018,309$11,280,421$6,602,075
Accounts payable and accrued expenses$3,169,705$289,019
Grants payable$0$0
Deferred revenue$4,381,708$2,884,979
Tax-exempt bond liabilities$1,120,000$1,016,344$905,816
Escrow or custodial account liability$21,208$21,208
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$2,505,094$2,303,906$2,092,038
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$387,550$409,015
Total net assets or fund balances$10,859,611$9,715,784$10,621,914
Unrestricted net assets$7,954,499$8,909,582
Temporarily restricted net assets$1,761,285$1,712,332
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
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 supported0
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$24,374,415
Subtotal Support$40,356,651
Gifts, grants, contributions, and membership fees received$40,356,651
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$15,982,236
Total Support$41,955,447
Public Support$40,356,651
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$960,138
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$638,658
Gross receipts from related activities, etc.$5,304,976
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$4,746,311$4,476,979$4,904,832$5,873,747$5,577,235$5,674,387$5,968,919$6,957,536
Contributions, gifts, grants, and similar amounts received$3,172,471$3,422,767$3,790,628$4,560,452$4,595,972$4,535,676$4,856,594$5,102,576
Contributions to donor advised funds$0$0
Direct public support$0$0$0$713,941$192,344$492,465$279,130$1,021,418
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$3,172,471$3,422,767$3,790,628$3,846,511$4,403,628$4,043,211$4,577,464$4,081,158
Program service revenue including government fees and contracts$1,335,960$903,466$967,151$955,124$663,726$882,446$965,757$903,120
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$80,208$55,663$39,939$51,679$36,410$59,663$147,598$142,433
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$5,677$85,388$91,093$-4,609$-15,350$-17,186$-13,866$-14,311
Gross rents$77,400$144,000$144,000$17,790$3,960$3,542$8,096$6,477
Less: rental expenses$71,723$58,612$52,907$22,399$19,310$20,728$21,962$20,788
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$151,995$9,695$16,021$199,369$2,791$7,883$10,985$-1,309
Gross amount from sales of assets other than inventory$157,500$10,000$16,021$819,249$278,726$721,977$72,391$532,111
Less: cost or other basis and sales expenses$5,505$305$0$619,880$275,935$714,094$61,406$533,420
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$111,732$293,686$205,905$1,851$825,027
Total expenses$3,804,979$3,681,567$4,141,864$4,954,669$5,042,674$4,463,629$4,663,557$5,173,962
Program services$2,825,906$2,728,026$3,039,677$3,716,000$3,792,840$3,393,924$3,218,568$3,835,913
Management and general$979,073$953,541$1,102,187$1,238,669$1,249,834$1,069,705$1,444,989$1,338,049
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$1,971,224$2,787,637$3,516,479$4,419,858$4,949,646$6,159,058$7,473,390$9,245,646
Excess or (deficit) for the year$941,332$795,412$762,968$919,078$534,561$1,210,758$1,305,362$1,783,574
Net assets or fund balances at beginning of year$1,029,892$1,992,225$2,787,637$3,516,479$4,419,858$4,949,646$6,159,058$7,473,390
Other changes in net assets or fund balances$0$0$-34,126$-15,699$-4,773$-1,346$8,970$-11,318
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$5,173,962$3,835,913$1,338,049$0
Grants paid from donor advised funds$0
Other grants and allocations$28,725
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$263,396$97,456$165,940$0
Compensation of former officers, directors, key employees, etc.$88,635$66,476$22,159$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,122,802$785,961$336,841$0
Pension plan contributions not included above$185,374$129,762$55,612$0
Employee benefits not included above$341,030$238,721$102,309$0
Payroll taxes$101,400$70,980$30,420$0
Professional fundraising fees$0$0$0$0
Accounting fees$18,016$12,611$5,405$0
Legal fees$24,362$17,053$7,309$0
Supplies$0$0$0$0
Telephone$23,246$16,272$6,974$0
Postage and shipping$50,040$35,028$15,012$0
Occupancy$434,814$304,370$130,444$0
Equipment rental and maintenance$149,909$104,936$44,973$0
Printing and publications$30,028$21,020$9,008$0
Travel$16,414$11,490$4,924$0
Conferences, conventions, and meetings$164,112$114,878$49,234$0
Interest$455,704$318,993$136,711$0
Depreciation, depletion, etc.$242,219$169,553$72,666$0
Other expenses not covered above$1,433,736$1,291,628$142,108$0
Balance Sheets
20002001200220032004200520062007
Total assets$8,489,351$8,343,370$9,387,165$10,223,695$16,238,675$17,134,456$15,140,100$16,519,206
Cash - non-interest-bearing$2,240,546$1,663,633$2,028,412$2,587,671$1,081,737$2,063,037$4,461,556$3,834,575
Savings and temporary cash investments$0$0$0$0$0$0$0$0
Accounts receivable less allowance for doubtful accounts$30,216$77,160$65,835$134,277$19,247$160,849$126,096$176,558
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$115,080$0$7,000,000$7,000,000$0$0
Inventories for sale or use$9,525$9,525$12,634$22,914$24,126$16,437$16,437$13,797
Prepaid expenses and deferred charges$71,941$78,277$115,473$122,439$157,796$90,590$182,143$193,225
Investments - publicly-traded securities$496,720$2,379,853
Investments - other securities$272,895$419,479$740,185$773,930$793,222$1,057,636$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$350,000$350,000$350,000$350,000$350,000
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$5,691,545$5,892,040$6,019,541$5,880,576$6,348,154$6,178,958$5,959,332$5,809,851
Other assets, including program-related investments$172,683$203,256$290,005$351,888$464,393$216,949$3,547,816$3,761,347
Total liabilities$6,518,127$5,555,733$5,870,686$5,803,837$11,289,029$10,975,396$7,666,710$7,273,560
Accounts payable and accrued expenses$60,687$57,851$542,145$563,058$905,017$746,933$2,318,915$1,046,098
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$468,030$0$12,500$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$1,120,000$1,120,000$1,120,000$1,120,000$1,120,000$1,120,000$1,120,000$1,120,000
Mortgages and other notes payable$3,990,000$3,937,604$3,853,002$3,760,524$7,659,436$7,548,937$3,428,151$3,270,030
Other liabilities$879,410$440,278$343,039$360,255$1,604,576$1,559,528$799,644$1,837,432
Total liabilities and net assets/fund balances$8,489,351$8,343,370$9,387,165$10,223,695$16,238,675$17,134,456$15,140,100$16,519,206
Total net assets or fund balances$1,971,224$2,787,637$3,516,479$4,419,858$4,949,646$6,159,058$7,473,390$9,245,646
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$4,746,311$4,476,979$4,904,832$5,873,747$5,577,235$5,674,387$5,968,919$6,957,536
Total revenue, gains, and other support per audited financial statements$4,899,390$4,476,114$4,957,739$5,710,186$5,591,772$5,693,769$5,999,851$6,967,006
Other expenses$71,723$58,612$52,907$6,700$14,537$19,382$8,970$-11,318
Net unrealized gains on investments$0$0$0$-15,699$-4,773$-1,346$8,970$-11,318
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$71,723$58,612$52,907$22,399$19,310$20,728$0$0
Other revenue$-81,356$59,477$0$170,261$0$0$-21,962$-20,788
Investment expenses$0$0$0$0$0$0$0$0
Other$-81,356$59,477$0$170,261$0$0$-21,962$-20,788
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$3,804,979$3,681,567$4,141,864$4,954,669$5,042,674$4,463,629$4,663,557$5,173,962
Total expenses and losses per audited financial statements$3,839,597$3,695,983$4,105,811$4,977,068$5,061,984$4,484,357$4,685,519$5,194,750
Other revenue$71,723$58,612$52,907$22,399$19,310$20,728$21,962$20,788
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$71,723$58,612$52,907$22,399$19,310$20,728$21,962$20,788
Other expenses$37,105$44,196$88,960$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$37,105$44,196$88,960$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$185,105$76,587$1,704
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings40
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$68,247$20,388$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200621
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$-14,311$966,151$903,120
Program service revenue
Program service revenue 1000000$000$0$543,762
Program service revenue 2000000$000$0$194,358
Program service revenue 3000000$000$0$130,000
Program service revenue 4000000$000$0$35,000
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$142,433$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal propertyRental of personal property$-14,31100$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-1,309$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$825,027$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
201768600100%$65,579$512,774
208810777100%$0$350,000
381951806100%$194,865$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$89,758$29,897$0
$85,581$32,294$0
$91,599$22,102$0
$83,091$29,175$0
$63,814$28,710$0
Total number of other employees paid over $50,00012
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
19992000200120022003200420052006
Total$3,357,509$4,594,316$4,467,284$4,904,832$5,892,342$5,708,784$5,542,088$5,720,217
Gifts, grants, and contributions received$2,873,785$3,172,471$3,422,767$3,790,628$4,560,452$4,595,972$4,535,676$4,577,464
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$437,575$1,335,960$903,466$967,151$955,124$778,756$740,844$1,000,510
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$46,149$85,885$141,051$147,053$265,034$40,370$59,663$133,732
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$111,732$293,686$205,905$8,511
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$6,477$20,788$-14,311
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$64,771$20,788$-14,311
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-14,311
Unrelated business taxable income before net operating loss deduction$-14,311
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-14,311
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Conference Board Inc845 Third Avenue 5th Fl, New York, NY 10022-6601NY1930-11$68,612,518
2Southwest Initiative Foundation15 3rd Ave Nw, Hutchinson, MN 55350-1643MN1986-08$50,604,052
3National Center For Manufacturing Sciences3025 Boardwalk, Ann Arbor, MI 48108-3230MI1987-12$22,904,339
4Initiative Foundation405 1st St Se, Little Falls, MN 56345-3007MN1986-08$20,109,242
5Bridgeway Capital Inc707 Grant St 1920 Gulf Tower, Pittsburgh, PA 15219PA1990-08$16,630,418
6Grand Central Partnership Inc122 E 42nd St Rm 601, New York, NY 10168-0699NY1991-06$13,892,222
7Battle Creek Unlimited Inc4950 W Dickman Rd Ste A1, Battle Creek, MI 49037-7345MI1975-08$12,832,497
8The American Hotel & Lodging Educational Institute800 N Magnolia Ave Ste 300, Orlando, FL 32803-3261FL1955-03$11,678,956
934th Street Partnership Inc1065 Avenue Of The Americas Suite 2, New York, NY 10018-1878NY1992-04$11,205,122
10Midwest Minnesota Community Development Corporation119 Graystone Plz Ste 100, Detroit Lakes, MN 56501-3034MN1997-09$9,829,374
11Ohio Valley Industrial And Business Development CorporationPO BOX 1029, Wheeling, WV 26003-0101WV1962-11$8,471,975
12Altoona-Blair County Development Corporation3900 Industrial Park Dr, Altoona, PA 16602-1732PA1999-10$7,747,366
13Techsolve Inc6705 Steger Dr, Cincinnati, OH 45237-3097OH1983-11$7,406,112
14Accion East Inc80 Maiden Ln Rm 903, New York, NY 10038-4740NY1997-04$6,619,844
15Arkansas Capital Corporation200 River Market Ave Ste 400, Little Rock, AR 72201-1766AR1965-01$6,014,271
16Nevada State Development Corporation1551 Desert Crossing Ct Ste 100, Las Vegas, NV 89144-7050NV2007-08$1,657,268
17U Street Business And Arts Coalition Inc, Midcity Business Association1847 14th St Nw, Washington, DC 20009DC2001-11$43,919
18Inwood Community Council Incorporated25 Indian Rd Ste 6-G, New York, NY 10034-1018NY2007-10$0
19Women Against Sexual Predators2513 Sheila St, Franklin Park, IL 60131-3328IL2009-03$0
20Women In Private Equity, Wpe233 S Wacker Dr Ste 1600, Chicago, IL 60606-6306IL2009-07$0
Number of organizations performing similar types of work
Alabama1
Arkansas3
Arizona2
California3
Colorado1
District of Columbia2
Florida3
Georgia1
Iowa7
Idaho1
Illinois7
Indiana1
Kansas2
Kentucky3
Louisiana2
Massachusetts2
Maine1
Michigan2
Minnesota5
Mississippi1
North Carolina4
North Dakota1
New Hampshire1
New Jersey1
Nevada1
New York12
Ohio5
Oklahoma1
Oregon1
Pennsylvania10
Rhode Island1
South Carolina1
South Dakota1
Tennessee3
Texas2
Virginia3
Vermont2
Washington1
Wisconsin2
West Virginia1
Total104

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