Mercer County Sports And Entertainment Commission Inc in Princeton, New Jersey (NJ)
Table of contents:
Mercer County Sports And Entertainment Commission Inc | |
Employer Identification Number (EIN) | 743099578 |
Name of Organization | Mercer County Sports And Entertainment Commission Inc |
In Care of Name | Patience Purdy |
Address | 182 Nassau Street Suite 301, Princeton, NJ 08542 |
Subsection | Charitable Organization |
Ruling Date | 09/2008 |
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 | 2013 |
Assets | $0 |
Income | $0 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $62,957 |
Amount of Income | $57,092 |
Form 990 Revenue Amount | $57,092 |
National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $57,092 (it was $55,101 in 2012)
This organization: | $57,092 |
Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $62,957 (it was $52,717 in 2012)
Mercer County Sports And Entertainment Commission Inc: | $62,957 |
Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $54,935
Mercer County Sports And Entertainment Commission Inc: | $54,935 |
Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 1.0
Mercer County Sports And Entertainment Commission Inc: | 1.0 |
Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 0.0%
Mercer County Sports And Entertainment Commission Inc: | 0.0% |
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 | $57,092 | $48,204 | $2,855 |
Contributions, gifts, grants, and similar amounts received | $55,099 | $25,576 | $0 |
Program service revenue including government fees and contracts | $4,913 | $16,640 | $0 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $360 | $223 | $42 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $-3,280 | $5,765 | $2,813 |
Gross income from gaming | $5,340 | $5,992 | $6,300 |
Gross income from fundraising events | $7,120 | $6,670 | $0 |
Less: direct expenses from gaming and fundraising events | $15,740 | $6,897 | $3,487 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $0 | $0 | $0 |
Total expenses | $41,007 | $58,444 | $54,935 |
Total net assets | $62,957 | $52,717 | $637 |
Excess/Deficit for the year | $16,085 | $-10,240 | $-52,080 |
Net assets or fund balances at beginning of year | $46,872 | $62,957 | $52,717 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $52,717 | $637 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $62,957 | $52,717 | $637 |
Total liabilities | $0 | $0 | $0 |
Net assets or fund balances | $62,957 | $52,717 | $637 |
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: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public support | $168,973 |
Subtotal | $168,973 |
Gifts, grants, contributions, and membership fees received | $168,973 |
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
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 |
Less | $0 |
Amounts received from disqualified persons | $0 |
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
Total support | $170,057 |
Public support | $168,973 |
Subtotal | $1,084 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,084 |
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income | $0 |
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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 | Choose New Jersey Inc | 201 Rockingham Row Princeton Forres, Princeton, NJ 08540 | NJ | 2011-06 | $3,562,966 |
3 | Seaside Heights Business Improvement District Inc | PO BOX 43, Seaside Hgts, NJ 08751-0043 | NJ | 2001-10 | $466,468 |
4 | Flemington Business Improvement District Management Corporation | 123 Main Street, Flemington, NJ 08822-1647 | NJ | 2013-06 | $385,002 |
5 | Stockton Aviation Research And Technology Park Of New Jersey Inc | 101 Vera King Farris Dr, Galloway, NJ 08205-9441 | NJ | 2011-09 | $371,525 |
6 | Minority Business Development Institute Inc | 306 Farnsworth Avenue Suite B, Bordentown, NJ 08505-1709 | NJ | 2010-12 | $367,954 |
7 | Springfield Community Partnership Management Corporation | 100 Mountain Ave, Springfield, NJ 07081-1729 | NJ | 2012-12 | $304,771 |
8 | Washington Business Improvement District Management Corporation | 21 Belvidere Ave, Washington, NJ 07882-1414 | NJ | 2004-03 | $243,934 |
9 | Millville Urban Redevelopment Corporation | PO BOX 788, Millville, NJ 08332-0788 | NJ | 2012-09 | $191,424 |
10 | Keyport Bid Inc | 70 W Front St, Keyport, NJ 07735-1241 | NJ | 2013-06 | $153,241 |
11 | Greater Atlantic City Golf And Tourisms Partners Inc | 401 S New York Road, Absecon, NJ 08205 | NJ | 2014-09 | $126,531 |
12 | Tenafly Business Improvement District Management Corporation | 100 Riveredge Rd, Tenafly, NJ 07670-1962 | NJ | 2013-04 | $53,778 |
13 | Linden Economic Development Corp | 301 N Wood Ave, Linden, NJ 07036-7218 | NJ | 2009-08 | $35,028 |
14 | Growth Partnership Of Central Jersey Inc | 1a Quakerbridge Plz Ste 2, Mercerville, NJ 08619-1265 | NJ | 2008-12 | $8,500 |
15 | Marine Trades Association Of Nj Recovery & Relief Fund | 2516 Highway 35 2nd Floor, Manasquan, NJ 08736-1925 | NJ | 2013-03 | $8,250 |
16 | Newark Alliance For Community Empowerment Inc | 115 Spruce St Apt 1a, Newark, NJ 07108-3093 | NJ | 2014-09 | $3,030 |
17 | Bay Head Momentum Inc | PO BOX 66, Bay Head, NJ 08742-0066 | NJ | 2014-09 | $750 |
18 | Alliance For Atlantic City Foundation | 2301 Boardwalk, Atlantic City, NJ 08401 | NJ | 2013-02 | $0 |
19 | Apha Community Development Corp | PO BOX 781, Red Bank, NJ 07701-0781 | NJ | 2010-08 | $0 |
20 | Burlington County Master Plumbers Association Inc | 706 Neck Road, Burlington, NJ 08016 | NJ | 2005-06 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 3,253 |
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