Sterling Community Association Inc in Sterling, Nebraska (NE)
Table of contents:
| Sterling Community Association Inc | |
| Employer Identification Number (EIN) | 470759415 |
| Name of Organization | Sterling Community Association Inc |
| In Care of Name | Douglas Magill Pres |
| Address | PO BOX 2, Sterling, NE 68443-0002 |
| Activities | Community promotion |
| Subsection | Charitable Organization |
| Ruling Date | 12/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $64,617 |
| Amount of Income | $29,847 |
| Form 990 Revenue Amount | $11,305 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Neighborhood, Block Associations |
Non-representatives - add comments:
Amount of income in 2013: $29,847 (it was $25,704 in 2012)
| This organization: | $29,847 |
| Other organizations performing similar types of work: | $710,928 |
Assets in 2013: $64,617 (it was $104,278 in 2012)
| Sterling Community Association Inc: | $64,617 |
| Other organizations performing similar types of work: | $718,905 |
Expenses in 2013: $10,966
| This organization: | $10,966 |
| Other organizations performing similar types of work: | $509,553 |
Income to expenses ratio in 2013: 2.7
| Sterling Community Association Inc: | 2.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 26.7%
| This organization: | 26.7% |
| Other organizations performing similar types of work: | 79.2% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $9,274 | $10,347 | $11,305 |
| Contributions, gifts, grants, and similar amounts received | $189 | $3,785 | $3,021 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $845 | $1,027 | $1,070 |
| Investment income | $2,511 | $2,187 | $2,159 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $5,529 | $3,348 | $4,530 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $16,255 | $18,705 | $23,072 |
| Less: direct expenses from gaming and fundraising events | $10,726 | $15,357 | $18,542 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $200 | $0 | $525 |
| Total expenses | $10,941 | $11,422 | $10,966 |
| Total net assets | $65,353 | $64,278 | $64,617 |
| Excess/Deficit for the year | $-1,667 | $-1,075 | $339 |
| Net assets or fund balances at beginning of year | $67,020 | $65,353 | $64,278 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $64,278 | $64,617 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $65,353 | $104,278 | $64,617 |
| Total liabilities | $0 | $40,000 | $0 |
| Net assets or fund balances | $65,353 | $64,278 | $64,617 |
| 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 organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $0 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $2,425 | $0 | $2,425 |
| Gross receipts or sales less returns and allowances | $5,414 | $0 | $0 |
| Cost of goods sold | $29,891 | $0 | $0 |
| Gross profit | $2,425 | $0 | $2,425 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $2,542 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $2,542 |
| Unrelated business taxable income | $117 |
| Unrelated business taxable income before net operating loss deduction | $117 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $117 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Trustees Of New Castle Common | PO BOX 453, New Castle, DE 19720-0453 | DE | 1962-07 | $5,140,491 |
| 2 | Tempe Community Council Incorporated | 34 E 7th Street Bldg A, Tempe, AZ 85281-3606 | AZ | 1976-05 | $4,020,961 |
| 3 | Telegraph Hill Neighborhood Association | 660 Lombard St, San Francisco, CA 94133-2315 | CA | 1941-12 | $2,986,930 |
| 4 | Somos Mayfair Inc | 370-B S King Road, San Jose, CA 95116 | CA | 2000-02 | $1,452,963 |
| 5 | Spirit Of Springfield Inc | 1350 Main St Ste 1004, Springfield, MA 01103-1667 | MA | 1991-04 | $1,275,357 |
| 6 | Wasatch Community Gardens | 824 South 400 West Suite 127, Salt Lake City, UT 84101-4801 | UT | 1990-01 | $916,044 |
| 7 | Arizona Forward Association | 3800 N Central Ave Ste 1010, Phoenix, AZ 85012-1918 | AZ | 1972-01 | $759,233 |
| 8 | South Worcester Neighborhood Improvement Corporation | 47 Camp St, Worcester, MA 01603-2373 | MA | 1974-01 | $749,433 |
| 9 | Village Improvement Association Of Doylestown Pa | 595 W State St, Doylestown, PA 18901-2554 | PA | 1986-02 | $663,880 |
| 10 | Washington Heights Inwood Preservation And Restoration Corpo | 121 Bennett Avenue, New York, NY 10033-2300 | NY | 1979-05 | $622,001 |
| 11 | Rwbid Management Company, Riverfront Wilmington Imprvmnt Dist | 815 Justison Street, Wilmington, DE 19801-5156 | DE | 2001-02 | $429,680 |
| 12 | Sterling Community Association Inc | PO BOX 2, Sterling, NE 68443-0002 | NE | 1992-12 | $29,847 |
| 13 | Downtown Crossville Inc | P O Box 3784, Crossville, TN 38557 | TN | 1994-10 | $0 |
| 14 | East Parkside Residence Association | 4168 Poplar St, Philadelphia, PA 19104-1244 | PA | 2003-10 | $0 |
| 15 | Farish Street Historic District Neighborhood Foundation Inc | PO BOX 24263, Jackson, MS 39225-4263 | MS | 1993-07 | $0 |
| 16 | Galewood-Montclare Community Organization | 7185 W Bloomingdale Ave, Chicago, IL 60707-4312 | IL | 1992-08 | $0 |
| 17 | Imagine Ashtabula, Ashtabula Downtown Development Association | Po Box 362, Ashtabula, OH 44004 | OH | 2006-12 | $0 |
| 18 | Lincoln Park Conservation Association | PO BOX 146770, Chicago, IL 60614-6770 | IL | 1964-04 | $0 |
| 19 | Little Italy Merchant Association | 1301 N Scott Street, Wilmington, DE 19806 | DE | 1998-05 | $0 |
| 20 | New Orleans East Community Development Corporation | 9317 Hammond Street, New Orleans, LA 70127 | LA | 2007-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 60 | ||||||||||||||||||||||||||||||||||||||||||||||
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