Building Innovative New Government Fund, Bing Fund in Detroit, Michigan (MI)
Table of contents:
| Building Innovative New Government Fund, Bing Fund | |
| Employer Identification Number (EIN) | 270304043 |
| Name of Organization | Building Innovative New Government Fund |
| Secondary Name | Bing Fund |
| Address | PO BOX 32044, Detroit, MI 48232-0044 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $5,648 |
| Amount of Income | $322,060 |
| Form 990 Revenue Amount | $242,150 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2012: $322,060 (it was $406,909 in 2011)
| This organization: | $322,060 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2012: $5,648 (it was $921 in 2011)
| This organization: | $5,648 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2012: $220,151
| This organization: | $220,151 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2012: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2012: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 8.8% |
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $242,150 |
| Contributions, Gifts, Grants and Other Similar Amounts | $242,150 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $0 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Gross income from fundraising events | $79,910 |
| Less: direct expenses | $79,910 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $220,151 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $220,151 |
| Balance Sheet (for 2012) | |
| Total assets | $5,648 |
| Total liabilities | $5,229 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $5,229 |
| Total net assets or fund balances | $420 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $893,350 |
| Gifts, grants, contributions, and membership fees received | $893,350 |
| 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 | $0 |
| 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 | West River Foundation For Economic And Community Development | PO BOX 605, Sturgis, SD 57785-0605 | SD | 2000-10 | $1,093,865 |
| 2 | Invest Detroit Foundation | 600 Renaissance Ctr Ste 1710, Detroit, MI 48243-1810 | MI | 2010-10 | $5,646,128 |
| 3 | Wayne State Univ Research & Techno- Logy Park In The City Of Detroit | 440 Burroughs, Detroit, MI 48202-3429 | MI | 2002-12 | $3,405,148 |
| 4 | Wayne County Regional Jobs & Economic Growth Foundation | 500 Griswold, Detroit, MI 48226 | MI | 2005-03 | $813,671 |
| 5 | Challenge Detroit | 2725 Nakota Rd, Royal Oak, MI 48073-1817 | MI | 2012-06 | $603,719 |
| 6 | Keep Growing Detroit | 76 E Forest Ave, Detroit, MI 48201-1814 | MI | 2014-09 | $536,595 |
| 7 | Autoharvest Foundation | 330 E Liberty Lower Level, Ann Arbor, MI 48104-2274 | MI | 2010-11 | $528,125 |
| 8 | Talent 2025 Inc | 48 Logan St Sw Suite 124, Grand Rapids, MI 49503-5124 | MI | 2010-09 | $495,525 |
| 9 | Building Innovative New Government Fund, Bing Fund | PO BOX 32044, Detroit, MI 48232-0044 | MI | 2010-12 | $322,060 |
| 10 | Mack Avenue Community Church Community Development Corporation | 1805 Parker Street, Detroit, MI 48214 | MI | 2010-12 | $279,755 |
| 11 | Villages Community Development Corporation | 8109 East Jefferson Suite 1b, Detroit, MI 48214-3969 | MI | 2007-09 | $211,742 |
| 12 | Sault Ste Marie Advanced Resources & Technology Inc | 2345 Meridian St, Sault S Marie, MI 49783-2660 | MI | 2011-11 | $169,386 |
| 13 | Kendall Community Development Corporation | 601 W Fort St, Detroit, MI 48226-3181 | MI | 2014-07 | $167,623 |
| 14 | Great Lakes Urban Restoration Network, Great Lakes Urban Ministry Glu | 427 Mapple Ave, Holland, MI 49423 | MI | 2009-11 | $143,587 |
| 15 | Saline Historic Downtown Alliance, Saline Main Street | 131 East Michigan Ave, Saline, MI 48176-1567 | MI | 2012-04 | $140,105 |
| 16 | Innogroup Foundation Inc | 441 E Roosevelt Ave Ste 100, Zeeland, MI 49464-1279 | MI | 2014-08 | $113,437 |
| 17 | Power House Productions | 13100 Klinger St, Detroit, MI 48212-2318 | MI | 2010-08 | $101,110 |
| 18 | Livonia Town Hall Inc | 15561 Foch St, Livonia, MI 48154-3484 | MI | 2014-06 | $69,175 |
| 19 | Tourism Improving Michigans Economy Time Alliance | 3815 West St Joseph Suite A200, Lansing, MI 48917 | MI | 2011-03 | $66,700 |
| 20 | Silver Lake Sand Dunes Area Chamber Of Commerce | 2388 N Comfort Dr, Hart, MI 49420 | MI | 2001-01 | $59,016 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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