Region E Development Corporation in Hickory, North Carolina (NC)

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Region E Development Corporation
Employer Identification Number (EIN)561329594
Name of OrganizationRegion E Development Corporation
AddressPO BOX 9026, Hickory, NC 28603-9026
ActivitiesAttracting new industry or retaining industry in an area
SubsectionChamber of Commerce
Ruling Date09/1982
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$54,904
Amount of Income$30,469
Form 990 Revenue Amount$30,469
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Business and Industry


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Amount of income in 2013: $30,469 (it was $32,629 in 2012)
Region E Development Corporation: 

 $30,469
Other organizations performing similar types of work: 

 $252,729

Assets in 2013: $54,904 (it was $30,046 in 2012)
Region E Development Corporation: 

 $54,904
Other organizations performing similar types of work: 

 $363,990

Expenses in 2013: $11,178
This organization: 

 $11,178
Other organizations performing similar types of work: 

 $283,183

Income to expenses ratio in 2013: 2.7
This organization: 

 2.7
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 0.0%
Region E Development Corporation: 

 0.0%
Other organizations performing similar types of work: 

 30.9%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$40,060$32,629$30,469
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$39,495$32,417$30,389
Membership dues and assessments$0$0$0
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$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$565$212$80
Total expenses$53,401$31,814$11,178
Total net assets$29,231$30,046$49,337
Excess/Deficit for the year$-13,341$815$19,291
Net assets or fund balances at beginning of year$42,572$29,231$30,046
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$30,046$49,337
Balance Sheets
201120122013
Total assets$41,312$30,046$54,904
Total liabilities$12,081$0$5,567
Net assets or fund balances$29,231$30,046$49,337
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 activitiesNoNoNo
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$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?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
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Urac, American Accreditation Healthcare C1220 L St Nw Ste 400, Washington, DC 20005-4013DC1992-02$22,095,499
2Council For Entrepreneurial Development334 Blackwell St Ste B012, Durham, NC 27701-2396NC1988-12$2,057,902
3Stratford Title Holding Company Inc220 Reservoir St Ste 6, Needham, MA 02494-3133MA1991-05$1,264,424
4Southern Growth Policies BoardPO BOX 12293, Rtp, NC 27709-2293NC1973-05$803,457
5Trabuco Canyon Improvement Corporation32003 Dove Canyon Dr, Trabuco Cyn, CA 92679-3715CA1989-02$356,954
6Provincetown Business GuildPO BOX 421, Provincetown, MA 02657-0421MA1982-03$333,546
7South Carolina Fair Share Education FundPO BOX 8888, Columbia, SC 29202-8888SC1987-08$252,729
8West Side New Beginnings Inc19801 Norwood St, Rehoboth, DE 19971-1243DE1994-08$114,807
9Scarsdale Womans Exchange Inc33 Harwood Ct, Scarsdale, NY 10583-4103NY1950-02$110,759
10Intelligent Transportation Society Of America Its America, Caats Its California1700 Carnegie Ave Ste 100, Santa Ana, CA 92705-5551CA1990-11$96,815
11Region E Development CorporationPO BOX 9026, Hickory, NC 28603-9026NC1982-09$30,469
12Southern Nevada Certified2770 S Maryland Pkwy, Las Vegas, NV 89109-1554NV1985-01$27,648
13Simon Family Foundation, Simon Julian L & Rita J Ttee110 Primrose St, Chevy Chase, MD 20815-3325MD1996-01$3,197
14American Eurasian Research Institute, Center For The Study Of Eurasian Nomads Zinat Press2158 Palomar Ave, Ventura, CA 93001CA1991-04$428
15American Automobile Assoc Transp Travel And Tourism Institute, Aaa-Ttt Institute1440 New York Ave Nw Ste 200, Washington, DC 20005-2111DC1994-02$0
16Archeus Foundation Ltd140 Broadway 15th Flr, New York, NY 10005-1108NY1969-06$0
17Asian American Congress4934 Old York Rd, Philadelphia, PA 19141-2705PA1993-08$0
18Basic Instructions In Building Living & Empowerment10573 West Pico Blvd Ste 104, Los Angeles, CA 90064-2333CA1997-04$0
19Bellows Falls Area Development Corporation2 CHURCH ST PO BOX 689, Bellows Falls, VT 05101VT1966-12$0
20Berkeley Finance Foundation305 N El Dorado St 302, Stockton, CA 95202CA1985-07$0
Number of organizations performing similar types of work
Arkansas1
California15
District of Columbia3
Delaware1
Florida3
Iowa1
Illinois3
Indiana2
Kansas1
Massachusetts4
Maryland2
Michigan3
Minnesota3
Missouri1
North Carolina3
New Jersey2
Nevada2
New York6
Ohio3
Pennsylvania5
South Carolina1
Tennessee1
Virginia2
Vermont2
Washington2
Wisconsin1
Total73

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