Kalamazoo Regional Chamber Foundation in Kalamazoo, Michigan (MI)
Table of contents:
| Kalamazoo Regional Chamber Foundation | |
| Employer Identification Number (EIN) | 010603820 |
| Name of Organization | Kalamazoo Regional Chamber Foundation |
| In Care of Name | John T Long Iii |
| Address | 261 E Kalamazoo Avenue, Kalamazoo, MI 49007-3841 |
| Subsection | Educational Organization |
| Ruling Date | 06/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Organization 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 |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 04/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $171,540 |
| Amount of Income | $65,981 |
| Form 990 Revenue Amount | $65,981 |
| National Taxonomy of Exempt Entities (NTEE) | Youth Development: Youth Development - Business |
Non-representatives - add comments:
Amount of income in 2014: $65,981 (it was $851,490 in 2013)
| Kalamazoo Regional Chamber Foundation: | $65,981 |
| Other organizations performing similar types of work: | $83,394 |
Assets in 2014: $171,540 (it was $262,072 in 2013)
| This organization: | $171,540 |
| Other organizations performing similar types of work: | $28,254 |
Expenses in 2014: $79,624
| This organization: | $79,624 |
| Other organizations performing similar types of work: | $67,379 |
Income to expenses ratio in 2014: 0.8
| Kalamazoo Regional Chamber Foundation: | 0.8 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2014: 72.2%
| Kalamazoo Regional Chamber Foundation: | 72.2% |
| Other organizations performing similar types of work: | 75.6% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $65,981 | ||
| Contributions, gifts, grants, and similar amounts received | $47,620 | ||
| Program service revenue including government fees and contracts | $0 | ||
| Membership dues and assessments | $0 | ||
| Investment income | $17,660 | ||
| Gain/Loss from sale of assets other than inventory | $0 | ||
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | ||
| Other revenue | $701 | ||
| Total expenses | $79,624 | ||
| Total net assets | $24,318 | ||
| Excess/Deficit for the year | $-13,643 | ||
| Net assets or fund balances at beginning of year | $37,961 | ||
| Other changes in net assets or fund balances | $0 | ||
| Net assets or fund balances at end of year | $24,318 | ||
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $560,795 | $262,072 | $171,540 |
| Total liabilities | $134,612 | $224,111 | $147,222 |
| Net assets or fund balances | $24,318 | ||
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | 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 | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | 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 | ||
| Total amount involved | $0 | ||
| Initiation fees and capital contributions | $0 | ||
| Gross receipts for public use of club facilities | $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 | ||
| 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 2014) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $920 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Young Entrepreneurs Academy Inc | 400 White Spruce Blvd Ste C, Rochester, NY 14623-1619 | NY | 2009-03 | $1,484,956 |
| 2 | Spy Hop Productions Inc | 511 West 200 South, Salt Lake City, UT 84101-1185 | UT | 2000-08 | $1,250,585 |
| 3 | Youth Venture Inc | 1700 N Moore St Ste 2000, Arlington, VA 22209-1921 | VA | 1995-07 | $1,194,932 |
| 4 | Young Americas Business Trust | 1889 F St Nw, Washington, DC 20006-4401 | DC | 1999-11 | $884,549 |
| 5 | Bizdom U Fund | 5260 Anthony Wayne Drive, Detroit, MI 48202 | MI | 2009-06 | $878,634 |
| 6 | Old Skool Cafe | 945 Key Av, San Franciscol, CA 94124 | CA | 2006-10 | $704,757 |
| 7 | Kiddie Hawk Air Academy | 7791 S Race St, Centennial, CO 80122 | CO | 1999-04 | $691,902 |
| 8 | Junior Achievement Of Central Michigan | 309 E Indian St, Midland, MI 48640-5254 | MI | 1994-05 | $473,294 |
| 9 | Kalamazoo Regional Chamber Foundation | 261 E Kalamazoo Avenue, Kalamazoo, MI 49007-3841 | MI | 2002-06 | $65,981 |
| 10 | Michigan Youth Leadership | PO BOX 531236, Livonia, MI 48153-1236 | MI | 2003-10 | $64,049 |
| 11 | Wise Steward Ministries | PO BOX 27937, Detroit, MI 48227-0937 | MI | 2000-06 | $59,337 |
| 12 | Computers For Kids | 8237 Eastwood St, Ida, MI 48140-9706 | MI | 2010-09 | $0 |
| 13 | Each One Teach One | 175 E Hickory Grove Road, Bloomfield Hills, MI 48304 | MI | 2014-09 | $0 |
| 14 | Icexcapes Inc | 28475 Greenfield Rd Suite 200, Southfield, MI 48076 | MI | 2015-03 | $0 |
| 15 | International Order Of The Rainbow Girls, Mary Lockridge | 541 Langfield, Northville, MI 48167 | MI | 1928-08 | $0 |
| 16 | National Diversified Educational Enhancement Programs Inc | 20246 Asbury Park, Detroit, MI 48235-2101 | MI | 1999-05 | $0 |
| 17 | Tamid Israel Investment Group Ltd | 1429 Hill Street, Ann Arbor, MI 48104 | MI | 2010-04 | $0 |
| 18 | Two Hearts Inc | 8214 21 Mile Rd, Shelby Twp, MI 48317 | MI | 2013-07 | $0 |
| 19 | Urban Youth Program | Pobox 23393, Detroit, MI 48223 | MI | 2009-07 | $0 |
| 20 | Youth Entrepreneur Services Foundation Inc | 29193 Northwestern Hwy 690, Southfield, MI 48034 | MI | 2015-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 372 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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