Great Falls City Center Association Inc in Great Falls, Montana (MT)

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Great Falls City Center Association Inc
Employer Identification Number (EIN)810283773
Name of OrganizationGreat Falls City Center Association Inc
Address13 5th St N, Great Falls, MT 59401-3107
ActivitiesBusiness promotion (chamber of commerce, business league, etc.), Other school related activities
SubsectionBusiness League
Ruling Date04/1970
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$43,496
Amount of Income$156,200
Form 990 Revenue Amount$56,155
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Urban, Community Economic Development


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Amount of income in 2013: $156,200
Great Falls City Center Association Inc: 

 $156,200
Other organizations performing similar types of work: 

 $190,298

Assets in 2013: $43,496
This organization: 

 $43,496
Other organizations performing similar types of work: 

 $326,461

Expenses in 2013: $57,692
This organization: 

 $57,692
Other organizations performing similar types of work: 

 $231,022

Income to expenses ratio in 2013: 2.7
This organization: 

 2.7
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 86.8%

Grants share in income in 2013: 0.0%
Great Falls City Center Association Inc: 

 0.0%
Other organizations performing similar types of work: 

 35.7%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$49,863$56,155
Contributions, gifts, grants, and similar amounts received$0$0
Program service revenue including government fees and contracts$0$22,529
Membership dues and assessments$21,475$35,113
Investment income$1,027$13
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$26,667$26,962$-1,749
Gross income from gaming$0$0$0
Gross income from fundraising events$154,072$98,296
Less: direct expenses from gaming and fundraising events$127,110$100,045
Gross profit/loss from sales of inventory$0$0
Other revenue$399$249
Total expenses$46,044$57,692
Total net assets$52,510$39,423
Excess/Deficit for the year$3,819$-1,537
Net assets or fund balances at beginning of year$48,691$40,960
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$52,510$39,423
Balance Sheets
201120122013
Total assets$57,347$54,551$43,496
Total liabilities$8,656$2,041$4,073
Net assets or fund balances$52,510$39,423
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2001200220032004200520062007
Total revenue$34,097$34,377$40,712$46,584$38,671$68,646$63,708
Contributions, gifts, grants, and similar amounts received$9,000$17,000$17,000$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0
Membership dues and assessments$14,864$13,826$16,437$15,694$15,912$18,474$17,429
Interest on savings and temporary cash investments$0$0$0$0$91$594$27
Dividends and interest from securities$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$0
Net income or (loss) from special events and activities$5,260$160$2,406$1,327$5,309$36,592$36,252
Gross revenue$41,546$56,456$48,612$42,114$61,926$112,157$102,444
Less: direct expenses other than fundraising expenses$36,286$56,296$46,206$40,787$56,617$75,565$66,192
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$3,834$3,283$4,809$29,427$17,359$12,986$10,000
Total expenses$29,422$33,811$48,147$48,260$42,106$36,887$42,740
Program services$0$0$0$0$0$0$42,740
Management and general$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$12,008$12,574$6,369$4,693$36,852$68,611$90,511
Excess or (deficit) for the year$4,675$566$-7,435$-1,676$-3,435$31,759$20,968
Net assets or fund balances at beginning of year$7,333$12,008$13,804$6,369$4,693$36,852$68,611
Other changes in net assets or fund balances$0$0$0$0$35,594$0$932
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$42,740$42,740$0$0
Grants paid from donor advised funds$0
Other grants and allocations$635
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$19,028$19,028$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$3,285$3,285$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$935$935$0$0
Legal fees$490$490$0$0
Supplies$2,063$2,063$0$0
Telephone$871$871$0$0
Postage and shipping$266$266$0$0
Occupancy$5,115$5,115$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$386$386$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$35$35$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$2,683$2,683$0$0
Other expenses not covered above$6,948$6,948$0$0
Balance Sheets
2001200220032004200520062007
Total assets$12,008$12,574$6,369$4,693$70,765$115,519$134,137
Cash - non-interest-bearing$0$0$0$0$13,961$96,486$104,115
Savings and temporary cash investments$0$0$0$0$49,707$10,912$17,477
Accounts receivable less allowance for doubtful accounts$0$0$0$0$5,283$3,391$3,798
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$1,813$4,730$8,746
Other assets, including program-related investments$0$0$0$0$1$0$1
Total liabilities$0$0$0$0$33,913$46,908$43,626
Accounts payable and accrued expenses$0$0$0$0$0$0$2,013
Grants payable$0$0$0$0$0$46,249$41,613
Deferred revenue$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$33,913$659$0
Total liabilities and net assets/fund balances$0$0$0$0$70,765$115,519$134,137
Total net assets or fund balances$12,008$12,574$6,369$4,693$36,852$68,611$90,511
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2001200220032004200520062007
Total revenue$0$0$0$0$38,671$68,646$63,708
Total revenue, gains, and other support per audited financial statements$0$0$0$0$38,671$68,646$63,708
Other expenses$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2001200220032004200520062007
Total expenses$0$0$0$0$42,106$36,887$42,740
Total expenses and losses per audited financial statements$0$0$0$0$42,106$36,887$42,740
Other revenue$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$36,252$27,456
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$17,429
Interest on savings and temporary cash investments000000$000$0$27
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$0Income from an activity in which labor is a material income-producing factor and substantially all (at least 85%) of the work is performed with unpaid labor (section 513(a)(1))$36,252$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$10,000
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
2000200120022003200420052006
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Great Falls City Center Association Inc13 5th St N, Great Falls, MT 59401-3107MT1970-04$156,200
2Uptown Columbus IncPO BOX 1237, Columbus, GA 31902-1237GA1985-04$12,826,789
3South Bronx Overall Economic Development Corporation555 Bergen Ave, Bronx, NY 10455-1368NY1973-08$8,444,805
4West Central Indiana Economic Development District Inc1718 Wabash Ave, Terre Haute, IN 47807-3323IN1969-08$5,403,201
5South Georgia Regional Development CenterPO BOX 1223, Valdosta, GA 31603-1223GA1979-09$4,665,054
6Warriors Inc2733 Market St, Youngstown, OH 44507-1612OH1998-08$2,042,544
7Sierra Vista Economic Development750 Bartow, Sierra Vista, AZ 85635-1827AZ1987-06$1,835,033
8Stand Up For Salem IncFenwick Plaza Suite 7, Salem, NJ 08079NJ1989-09$1,714,895
9Tule River Economic Development Corporation2780 W Yowlumne Ave Ste A559, Porterville, CA 93257-9592CA1992-07$1,156,764
10Sunrise County Economic Council53 Prescott Dr Suite 3, Machias, ME 04654-3424ME1995-03$1,012,879
11Urban Enterprise Association Of Hammond Indiana Inc649 Conkey St, Hammond, IN 46324-1158IN1993-06$922,216
12Randolph Area Community Development CorporationPO BOX 7, Randolph, VT 05060-0007VT1994-05$913,807
13Saratoga Economic Development Corporation28 Clinton Ave, Saratoga Springs, NY 12866-2391NY1980-01$831,929
14Texas Economic Development CorporationPO BOX 684702, Austin, TX 78768-4702TX1993-05$765,896
15Washington Heights And Inwood Development Corporation57 Wadsworth Ave, New York, NY 10033-7048NY1979-02$633,423
16Tennessee Economic Partnership Inc217 5th Ave North 200, Nashville, TN 37219-1901TN1992-05$588,539
17Clayton Century Foundation50 Gay Avenue, Clayton, MO 63105MO1998-06$580,491
18Anaconda Local Development Corp118 E 7th St, Anaconda, MT 59711-2900MT1982-06$233,702
19Southeast Montana Area Revitalization Team IncPO BOX 53, Baker, MT 59313-0053MT1991-10$63,877
20Huntley Project Development AssnP O Box 252, Worden, MT 59088MT1998-03$0
Number of organizations performing similar types of work
Alaska1
Alabama4
Arkansas6
Arizona6
California34
Colorado8
Connecticut9
District of Columbia7
Florida22
Georgia12
Hawaii1
Iowa18
Idaho3
Illinois30
Indiana20
Kansas1
Kentucky5
Louisiana8
Massachusetts17
Maryland11
Maine2
Michigan17
Minnesota11
Missouri17
Mississippi6
Montana4
North Carolina24
North Dakota3
Nebraska2
New Hampshire2
New Jersey17
New Mexico2
Nevada3
New York59
Ohio18
Oklahoma5
Oregon4
Pennsylvania32
South Carolina7
South Dakota3
Tennessee11
Texas21
Utah1
Virginia10
Vermont1
Washington6
Wisconsin14
West Virginia3
Wyoming2
International1
Total531

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