Northfield Enterprise Center in Northfield, Minnesota (MN)
Table of contents:
| Northfield Enterprise Center | |
| Employer Identification Number (EIN) | 412018105 |
| Name of Organization | Northfield Enterprise Center |
| In Care of Name | Michael P Grossman |
| Address | PO BOX 665, Northfield, MN 55057-0665 |
| Subsection | Educational Organization |
| Ruling Date | 12/2004 |
| 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 | $17,561 |
| Amount of Income | $80,938 |
| Form 990 Revenue Amount | $80,938 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $80,938 (it was $104,720 in 2012)
| Northfield Enterprise Center: | $80,938 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $17,561 (it was $44,068 in 2012)
| Northfield Enterprise Center: | $17,561 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $107,070
| This organization: | $107,070 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 0.8
| Northfield Enterprise Center: | 0.8 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 82.8%
| Northfield Enterprise Center: | 82.8% |
| 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 | $57,800 | $104,720 | $80,938 |
| Contributions, gifts, grants, and similar amounts received | $50,000 | $82,438 | $67,000 |
| Program service revenue including government fees and contracts | $800 | $22,282 | $13,938 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $7,000 | $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 | $0 |
| Total expenses | $61,521 | $95,180 | $107,070 |
| Total net assets | $31,070 | $40,610 | $14,478 |
| Excess/Deficit for the year | $-3,721 | $9,540 | $-26,132 |
| Net assets or fund balances at beginning of year | $34,791 | $31,070 | $40,610 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $40,610 | $14,478 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $36,596 | $44,068 | $17,561 |
| Total liabilities | $5,526 | $3,458 | $3,083 |
| Net assets or fund balances | $31,070 | $40,610 | $14,478 |
| 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 | $303,388 |
| Subtotal Support | $303,388 |
| Gifts, grants, contributions, and membership fees received | $303,388 |
| 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 | $321,623 |
| Public Support | $303,388 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $18,235 |
| 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 | $0 |
| Gross receipts from related activities, etc. | $13,938 |
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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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