Ravenna Economic Development Corp in Ravenna, Nebraska (NE)

Ravenna Economic Development Corp
Employer Identification Number (EIN)	470698410
Name of Organization	Ravenna Economic Development Corp
In Care of Name	Laurie Johnson
Address	318 Grand Avenue, Ravenna, NE 68869
Activities	Business promotion (chamber of commerce, business league, etc.)
Subsection	Board of Trade
Ruling Date	01/1987
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Tax Period	2011
Assets	$25,000 to $99,999
Income	$25,000 to $99,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$42,943
Amount of Income	$74,629
Form 990 Revenue Amount	$70,629

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Financial snapshot ($)

Revenue for 2013

	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$53,056	$70,629
Contributions, gifts, grants, and similar amounts received	$52,500	$70,000
Program service revenue including government fees and contracts	$0	$0
Membership dues and assessments	$0	$0
Investment income	$102	$579
Gain/Loss from sale of assets other than inventory	$0	$0
Net income/loss from gaming and fundraising events	$0	$0
Gross profit/loss from sales of inventory	$0	$0
Gross sales of inventory, less returns and allowances	$0	$4,000
Less: cost of goods sold	$0	$4,000
Other revenue	$454	$50
Total expenses	$51,205	$71,555
Total net assets	$43,620	$42,694
Excess/Deficit for the year	$1,851	$-926
Net assets or fund balances at beginning of year	$41,769	$43,620
Other changes in net assets or fund balances	$0	$0
Net assets or fund balances at end of year	$43,620	$42,694

	2012	2013
Balance Sheets
Total assets	$44,891	$42,943
Total liabilities	$1,271	$249
Net assets or fund balances	$43,620	$42,694

	2012	2013
Other Information
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?	Yes	No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities	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
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?	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:	Not provided
Number of organizations supported	0
Sum of amounts of support	$0

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11	Ravenna Economic Development Corp	318 Grand Avenue, Ravenna, NE 68869	NE	1987-01	$74,629
12	Tekamah Public Library Foundation	1318 L Street, Tekamah, NE 68061	NE	1996-08	$79,662
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