Northfield Downtown Development Corporation in Northfield, Minnesota (MN)
Table of contents:
| Northfield Downtown Development Corporation | |
| Employer Identification Number (EIN) | 412004424 |
| Name of Organization | Northfield Downtown Development Corporation |
| In Care of Name | Brett Reese |
| Address | PO BOX 55, Northfield, MN 55057-0055 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2002 |
| 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 | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $7,584 |
| Amount of Income | $77,325 |
| Form 990 Revenue Amount | $77,325 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $77,325 (it was $86,033 in 2012)
| This organization: | $77,325 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $7,584 (it was $11,471 in 2012)
| This organization: | $7,584 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $86,305
| Northfield Downtown Development Corporation: | $86,305 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 83.0%
| This organization: | 83.0% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $98,960 | $86,033 | $77,325 |
| Contributions, gifts, grants, and similar amounts received | $72,084 | $69,881 | $64,178 |
| Program service revenue including government fees and contracts | $26,849 | $16,152 | $13,140 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $27 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $7 |
| Total expenses | $95,596 | $93,577 | $86,305 |
| Total net assets | $12,753 | $5,209 | $-3,771 |
| Excess/Deficit for the year | $3,364 | $-7,544 | $-8,980 |
| Net assets or fund balances at beginning of year | $9,389 | $12,753 | $5,209 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $5,209 | $-3,771 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $14,342 | $11,471 | $7,584 |
| Total liabilities | $1,589 | $6,262 | $11,355 |
| Net assets or fund balances | $12,753 | $5,209 | $-3,771 |
| 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 | $316,902 |
| Subtotal Support | $323,619 |
| Gifts, grants, contributions, and membership fees received | $323,619 |
| 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 | $6,717 |
| Total Support | $428,637 |
| Public Support | $323,619 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $27 |
| 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 | $104,991 |
| Gross receipts from related activities, etc. | $104,991 |
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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 | Minneapolis - St Paul Regional Economic Development Partnership, Greater Msp | 400 Robert Street North Suite 1520, Saint Paul, MN 55101 | MN | 2011-06 | $4,779,393 |
| 3 | Greater St Cloud Development Corporation | PO BOX 1662, Saint Cloud, MN 56302-1662 | MN | 2012-03 | $759,701 |
| 4 | Town Center Inc | PO BOX 6, Trimont, MN 56176-0006 | MN | 2014-07 | $377,084 |
| 5 | White Earth Investment Initiative | 119 Graystone Plz Ste 100, Detroit Lakes, MN 56501-3034 | MN | 2003-01 | $369,262 |
| 6 | Community Involvement Endowment Inc | 6490 Bayview Pl, Excelsior, MN 55331-9745 | MN | 2014-07 | $205,963 |
| 7 | Workforce Investment Board Friends Of The | 2098 11th Ave E, North St Paul, MN 55109-5112 | MN | 2005-09 | $192,868 |
| 8 | Willmar Design Center Inc | 302 5th St Sw, Willmar, MN 56201-3214 | MN | 2014-10 | $121,162 |
| 9 | Soft Center Duluth | 11 E Superior St Ste 130, Duluth, MN 55802-2012 | MN | 1999-09 | $106,118 |
| 10 | Old School Lives Incorporated | PO BOX 156, Cotton, MN 55724-0156 | MN | 2013-05 | $105,285 |
| 11 | Granite Falls Riverfront Revitalization Inc | Po Box 13, Granite Falls, MN 56241 | MN | 2013-02 | $49,980 |
| 12 | New Ulm Retail Development Corporation | 1 North Minnesota Street, New Ulm, MN 56073 | MN | 2010-07 | $49,514 |
| 13 | Twin Cities Community Capital Fund Inc | 13911 Ridgedale Drive, Minneapolis, MN 55305-1771 | MN | 2005-09 | $43,803 |
| 14 | I-94 West Corridor Coalition | 21370 John Milless Drive, Rogers, MN 55374 | MN | 2013-12 | $33,528 |
| 15 | East Downtown Council | 810 S 7th Street, Minneapolis, MN 55414 | MN | 1999-09 | $21,909 |
| 16 | Caledonia Area Convention And Tourism Bureau Inc | Po Box 425, Caledonia, MN 55921-0425 | MN | 2010-09 | $0 |
| 17 | Capital City Bioscience Corporation | 401 Robert St N Ste 150, St Paul, MN 55101-2001 | MN | 2006-09 | $0 |
| 18 | Central Iron Range Initiative | 704 E Howard St, Hibbing, MN 55746 | MN | 2004-03 | $0 |
| 19 | Coon Rapids Community Strength Foundation | PO BOX 48593, Coon Rapids, MN 55448-0593 | MN | 2013-04 | $0 |
| 20 | Coteau Des Prairies Resource Conservation & Development Council | 1005 High Avenue Ne, Willmar, MN 56201 | MN | 2003-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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