Lincoln Park Business Group in Duluth, Minnesota (MN)
Table of contents:
| Lincoln Park Business Group | |
| Employer Identification Number (EIN) | 416037915 |
| Name of Organization | Lincoln Park Business Group |
| Address | 2002 W Superior St Ste 8, Duluth, MN 55806-2026 |
| Activities | Business promotion (chamber of commerce, business league, etc.) |
| Subsection | Charitable Organization |
| Ruling Date | 08/1999 |
| 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 | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $14,784 |
| Amount of Income | $53,830 |
| Form 990 Revenue Amount | $33,068 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $53,830 (it was $55,285 in 2012)
| Lincoln Park Business Group: | $53,830 |
| Other organizations performing similar types of work: | $141,217 |
Assets in 2013: $14,784 (it was $12,566 in 2012)
| Lincoln Park Business Group: | $14,784 |
| Other organizations performing similar types of work: | $121,026 |
Expenses in 2013: $30,918
| Lincoln Park Business Group: | $30,918 |
| Other organizations performing similar types of work: | $118,087 |
Income to expenses ratio in 2013: 1.7
| This organization: | 1.7 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2013: 0.8%
| This organization: | 0.8% |
| Other organizations performing similar types of work: | 87.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $27,778 | $35,572 | $33,068 |
| Contributions, gifts, grants, and similar amounts received | $1,981 | $160 | $270 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $12,024 | $13,908 | $15,646 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $13,773 | $21,504 | $17,152 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $37,791 | $41,217 | $37,914 |
| Less: direct expenses from gaming and fundraising events | $24,018 | $19,713 | $20,762 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $27,481 | $35,649 | $30,918 |
| Total net assets | $12,559 | $12,482 | $14,632 |
| Excess/Deficit for the year | $297 | $-77 | $2,150 |
| Net assets or fund balances at beginning of year | $12,262 | $12,559 | $12,482 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $12,482 | $14,632 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $15,285 | $12,566 | $14,784 |
| Total liabilities | $2,726 | $84 | $152 |
| Net assets or fund balances | $12,559 | $12,482 | $14,632 |
| 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 | $95,435 |
| Subtotal Support | $95,435 |
| Gifts, grants, contributions, and membership fees received | $95,435 |
| 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 | $99,520 |
| Public Support | $95,435 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $540 |
| 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 | $3,545 |
| Gross receipts from related activities, etc. | $53,560 |
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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 | The Center Of Workforce Innovations Inc | 2804 Boilermaker Ct Ste E, Valparaiso, IN 46383-8418 | IN | 2000-06 | $8,642,806 |
| 3 | Grow America Fund Inc | 708 Third Avenue, New York, NY 10017-4201 | NY | 2013-02 | $8,175,642 |
| 4 | Capitalplus Exchange Corporation | 100 N Lasalle Street No 1710, Chicago, IL 60602 | IL | 2004-02 | $7,860,918 |
| 5 | Old Spanish Trail-Almeda Corridors Redevelopment Authority | 5445 Almeda Rd Ste 545, Houston, TX 77004-7450 | TX | 2014-09 | $7,381,617 |
| 6 | Rainier Valley Community Development Fund | 6951 Martin Luther King Jr Way S 22, Seattle, WA 98118-3597 | WA | 2003-12 | $6,748,450 |
| 7 | Venture Richmond Inc | 200 S 3rd St Ste 2 Ste 960, Richmond, VA 23219-3700 | VA | 1982-08 | $5,826,607 |
| 8 | Utah Community Reinvestment Corporation | 1165 E Wilmington Ave Ste 200, Salt Lake Cty, UT 84106-2853 | UT | 1999-03 | $5,099,832 |
| 9 | World Business Chicago | 177 N State St Ste 500, Chicago, IL 60601-3611 | IL | 2000-08 | $4,555,351 |
| 10 | Wyoming County Community Action Inc | 6470 Route 20a, Perry, NY 14530-9765 | NY | 1995-12 | $2,931,696 |
| 11 | Jackson Economic Development Corporation | PO BOX 183, Jackson, MN 56143-0183 | MN | 2004-02 | $789,351 |
| 12 | Northside Economic Opportunity Network | 1101 West Broadway Suite 100, Minneapolis, MN 55411-2570 | MN | 2009-12 | $687,523 |
| 13 | West Broadway Area Coalition | 911 W Broadway Ave Ste 1, Minneapolis, MN 55411-2615 | MN | 2004-11 | $474,356 |
| 14 | Business Initiative Development Center | 2736 Lyndale Ave S Ste 202, Minneapolis, MN 55408-1309 | MN | 2001-07 | $138,425 |
| 15 | Lincoln Park Business Group | 2002 W Superior St Ste 8, Duluth, MN 55806-2026 | MN | 1999-08 | $53,830 |
| 16 | Greater Minnesota Community Development Corporation | 312 N Main St, Badger, MN 56714-4004 | MN | 2005-12 | $1,134 |
| 17 | African American Chamber Of Commerce For Minnesota | 1015 Thomas Ave N, Minneapolis, MN 55411-3521 | MN | 2001-09 | $0 |
| 18 | Bigfork Valley Development Corporation | PO BOX 407, Bigfork, MN 56628-0407 | MN | 2011-02 | $0 |
| 19 | Commercial Development Fund | 2555 Oak Ct 3, Stp, MN 55110 | MN | 2000-11 | $0 |
| 20 | Elevate | 616 East 25th Street, Minneapolis, MN 55404 | MN | 2013-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,538 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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