Raton Chamber And Economic Development Council Inc in Raton, New Mexico (NM)

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Raton Chamber And Economic Development Council Inc
Employer Identification Number (EIN)850353080
Name of OrganizationRaton Chamber And Economic Development Council Inc
Address100 Clayton Rd, Raton, NM 87740-2310
ActivitiesBusiness promotion (chamber of commerce, business league, etc.), Professional association
SubsectionBusiness League
Ruling Date04/1988
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$38,608
Amount of Income$68,757
Form 990 Revenue Amount$68,757


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Financial snapshot ($)

0
40,000
80,000
120,000
160,000
200,000
2007
2008
2009
2010
2011
2012
2013
2014
Revenue
Assets
Expenses

Revenue for 2014

Program service revenue (72%)
Membership dues and assessments (28%)
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200920102011201220132014
Total revenue$162,399$67,452$66,080$34,018$49,713$68,757
Contributions, gifts, grants, and similar amounts received$97,323$9,100$0$0$0$0
Program service revenue including government fees and contracts$49,418$39,432$50,869$25,009$39,563$49,817
Membership dues and assessments$15,240$18,801$15,181$9,009$10,150$18,940
Investment income$68$52$30$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0$0$0$0
Net income/loss from gaming and fundraising events$0$0$0$0$0$0
Gross profit/loss from sales of inventory$350$67$0$0$0$0
Other revenue$0$0$0$0$0$0
Total expenses$179,508$86,665$69,531$36,539$30,212$56,326
Total net assets$30,920$11,707$8,256$5,735$25,236$37,667
Excess/Deficit for the year$-17,109$-19,213$-3,451$-2,521$19,501$12,431
Net assets or fund balances at beginning of year$58,249$30,920$11,707$8,256$5,735$25,236
Other changes in net assets or fund balances$-10,220$0$0$0$0$0
Net assets or fund balances at end of year$25,236$37,667
Balance Sheets
200920102011201220132014
Total assets$64,640$73,690$40,098$18,138$30,425$38,608
Total liabilities$33,720$61,983$31,842$12,403$5,189$941
Net assets or fund balances$30,920$11,707$8,256$5,735$25,236$37,667
Other Information
200920102011201220132014
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 activitiesNoNoNoNoNoNo
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$0$0$0
Gross receipts for public use of club facilities$0$0$0$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 2014)
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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