Albert Lea Freeborn County Chamber Foundation in Albert Lea, Minnesota (MN)
Table of contents:
| Albert Lea Freeborn County Chamber Foundation | |
| Employer Identification Number (EIN) | 411651705 |
| Name of Organization | Albert Lea Freeborn County Chamber Foundation |
| Address | 2580 Bridge Ave, Albert Lea, MN 56007-2073 |
| Activities | Business promotion (chamber of commerce, business league, etc.) |
| Subsection | Charitable Organization |
| Ruling Date | 11/1993 |
| 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 | 09/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $382,468 |
| Amount of Income | $175,150 |
| Form 990 Revenue Amount | $149,800 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Promotion of Business |
Non-representatives - add comments:
Amount of income in 2013: $175,150 (it was $126,655 in 2012)
| This organization: | $175,150 |
| Other organizations performing similar types of work: | $180,052 |
Assets in 2013: $382,468 (it was $367,863 in 2012)
| Albert Lea Freeborn County Chamber Foundation: | $382,468 |
| Other organizations performing similar types of work: | $162,128 |
Expenses in 2013: $141,093
| This organization: | $141,093 |
| Other organizations performing similar types of work: | $157,385 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 96.5%
| This organization: | 96.5% |
| Other organizations performing similar types of work: | 5.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $74,420 | $126,655 | $149,800 |
| Contributions, gifts, grants, and similar amounts received | $70,771 | $123,079 | $144,502 |
| Program service revenue including government fees and contracts | $836 | $15 | $140 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $2,813 | $3,561 | $2,654 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $2,504 |
| Gross income from gaming | $0 | $0 | $27,854 |
| Gross income from fundraising events | $0 | $0 | $0 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $25,350 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $79,941 | $87,043 | $141,093 |
| Total net assets | $324,393 | $367,863 | $382,468 |
| Excess/Deficit for the year | $-5,521 | $39,612 | $8,707 |
| Net assets or fund balances at beginning of year | $329,314 | $324,393 | $367,863 |
| Other changes in net assets or fund balances | $600 | $3,858 | $5,898 |
| Net assets or fund balances at end of year | $367,863 | $382,468 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $324,393 | $367,863 | $382,468 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $324,393 | $367,863 | $382,468 |
| 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 | $640,643 |
| Subtotal Support | $640,643 |
| Gifts, grants, contributions, and membership fees received | $640,643 |
| 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 | $0 |
| Total Support | $649,322 |
| Public Support | $640,643 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $16,674 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $-8,225 |
| Other income. Do not include gain or loss from the sale of capital assets | $230 |
| Gross receipts from related activities, etc. | $991 |
| Write your review! |
|
|
| Recently Added Reviews |
Veterans Of Foreign Wars Post 2766 in Breckenridge, MN
  |
|
Stalker Lake Sportsmens Club Inc in Dalton, MN
|
| Riverside Cemetery Association in Breckenridge, MN |
| Cuyuna Range Housing Inc in Ironton, MN |
|
Pets Abandoned Wanting Support in Motley, MN
|
|
Urban Agriculture International Program Inc in St Paul, MN
|
|
Lake City Music Boosters in Lake City, MN
|
|
Relapsing Polychondritis Awareness And Support Foundation in Anoka, MN
|
|
Foe River Basin Community Development Organization in St Paul, MN
|
|
Christian Actioin League Of Minnesota in Minneapolis, MN
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Toy Industry Foundation | 1115 Broadway Ste 400, New York, NY 10010-3466 | NY | 1964-05 | $20,101,942 |
| 2 | Salesmanship Club Of Dallas | 106 East 10th Street Suite 200, Dallas, TX 75203-2236 | TX | 1932-09 | $11,816,023 |
| 3 | Salesmanship Club Youth And Family Centers Inc | 106 East 10th Street Suite 200, Dallas, TX 75203-2236 | TX | 1932-09 | $11,362,324 |
| 4 | Southeast Cement Association Inc, A Domestic Nonprofit Corporation | 175 Gwinnett Dr Ste 330, Lawrenceville, GA 30045-8461 | GA | 1988-08 | $5,306,742 |
| 5 | South Bronx Head Start Program Board | 490 E 143rd St, Bronx, NY 10454-1306 | NY | 1994-05 | $2,195,354 |
| 6 | The Houston Tscpa Foundation, Houston Cpe | 777 Post Oak Blvd, Houston, TX 77056-3204 | TX | 1978-08 | $2,061,653 |
| 7 | Carpenters Tools International | 1809 19th Ave Sw, Willmar, MN 56201-4946 | MN | 1994-11 | $630,845 |
| 8 | American Society Of Brewing Chemists Inc | 3340 Pilot Knob Rd, Saint Paul, MN 55121-2055 | MN | 1945-05 | $622,075 |
| 9 | Minnesota Society Of Professional Engineers | 20 Thompson Ave E Ste 206, West St Paul, MN 55118-3189 | MN | 1973-02 | $350,466 |
| 10 | Waconia Chamber Of Commerce | 209 S Vine St, Waconia, MN 55387-1337 | MN | 1984-01 | $230,547 |
| 11 | Albert Lea Freeborn County Chamber Foundation | 2580 Bridge Ave, Albert Lea, MN 56007-2073 | MN | 1993-11 | $175,150 |
| 12 | Meeting Professionals International, Minnesota | 1821 University Avenue, St Paul, MN 55104-2801 | MN | 1981-04 | $171,969 |
| 13 | Montevideo Area Chamber Of Commmerce | 321 S 1st St, Montevideo, MN 56265-1590 | MN | 1942-12 | $115,449 |
| 14 | Wadena Chamber Of Commerce | 5 Aldrich Ave Se, Wadena, MN 56482-1539 | MN | 1945-04 | $111,345 |
| 15 | Glenwood Chamber Of Commerce, Glenwood Lakes Area Chamber Of Comm | 7 1st St Nw, Glenwood, MN 56334-1101 | MN | 1945-09 | $109,723 |
| 16 | Minnesota Association Of Asphalt Paving Technologists | PO BOX 120461, Saint Paul, MN 55112-0018 | MN | 1989-05 | $48,906 |
| 17 | North American Association Of Inventory Services | PO BOX 120145, Saint Paul, MN 55112-0013 | MN | 1983-02 | $13,354 |
| 18 | Minnesota Society Of Certified Public Accountants Education Fund | 1650 W 82nd St Ste 600, Bloomington, MN 55431-1458 | MN | 1985-07 | $3,644 |
| 19 | Freeborn County Snowmobile Trail Association Inc | 73233 Surrey Rd, Albert Lea, MN 56007 | MN | 1991-06 | $0 |
| 20 | Minnesota Section Of Aace International | 5500 Wayzata Blvd Ste 1075, Golden Valley, MN 55416-1240 | MN | $0 | |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 624 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Albert Lea Freeborn County Chamber Foundation »
Non-representatives - add comments about Albert Lea Freeborn County Chamber Foundation»