Restoration Capital Fund Inc in Brooklyn, New York (NY)
Table of contents:
Restoration Capital Fund Inc | |
Employer Identification Number (EIN) | 113458791 |
Name of Organization | Restoration Capital Fund Inc |
Address | 1368 Fulton Street, Brooklyn, NY 11216-5372 |
Subsection | Charitable Organization |
Ruling Date | 02/1999 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 06/2013 |
Assets | $100,000 to $499,999 |
Income | $1 to $9,999 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $304,632 |
Amount of Income | $5,569 |
Form 990 Revenue Amount | $5,569 |
National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $5,569 (it was $3,251 in 2012)
This organization: | $5,569 |
Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $304,632 (it was $324,180 in 2012)
Restoration Capital Fund Inc: | $304,632 |
Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $3,385
Restoration Capital Fund Inc: | $3,385 |
Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 1.6
This organization: | 1.6 |
Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 0.0%
Restoration Capital Fund 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 | $52,811 | $3,251 | $5,569 |
Contributions, gifts, grants, and similar amounts received | $52,722 | $0 | $0 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $89 | $3,251 | $169 |
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 | $0 | $0 | $5,400 |
Total expenses | $67,426 | $104,582 | $3,385 |
Total net assets | $362,829 | $261,498 | $286,156 |
Excess/Deficit for the year | $-14,615 | $-101,331 | $2,184 |
Net assets or fund balances at beginning of year | $377,444 | $362,829 | $283,972 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $261,498 | $286,156 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $402,820 | $324,180 | $304,632 |
Total liabilities | $39,991 | $62,682 | $18,476 |
Net assets or fund balances | $362,829 | $261,498 | $286,156 |
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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public Support | $206,812 |
Subtotal Support | $206,812 |
Gifts, grants, contributions, and membership fees received | $206,812 |
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 |
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
Total Support | $212,686 |
Public Support | $206,812 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $5,808 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income. Do not include gain or loss from the sale of capital assets | $66 |
Gross receipts from related activities, etc. | $223,896 |
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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 | Venture For America Inc | 40 W 29th St Rm 301, New York, NY 10001-4207 | NY | 2011-04 | $5,285,824 |
3 | Jefferson County Local Development Corporation | 800 Starbuck Ave, Watertown, NY 13601-1659 | NY | 2014-03 | $1,750,607 |
4 | Ontario County Economic Development Corporation | 20 Ontario Street, Canandaigua, NY 14424-1802 | NY | 2011-09 | $1,184,793 |
5 | Nybdc Local Development Corporation | 50 Beaver St Ste 601, Albany, NY 12207-1538 | NY | 2009-10 | $940,091 |
6 | Erie Canalway Heritage Fund Inc | Po Box 219, Waterford, NY 12188 | NY | 2007-11 | $862,606 |
7 | White Plains Downtown District Management Association Inc | 14 Mamaroneck Ave, White Plains, NY 10601-3319 | NY | 2001-08 | $860,439 |
8 | Thousand Islands Regional Tourism Development Corporation | PO BOX 400, Alex Bay, NY 13607-0400 | NY | 1998-02 | $816,091 |
9 | New York Communities Organizing Fund Inc | 24 Nevins Street 2nd Floor, Brooklyn, NY 11217-1010 | NY | 2011-03 | $616,895 |
10 | Sunnyside District Management Association | PO BOX 4477, Sunnyside, NY 11104-0477 | NY | 2009-01 | $402,684 |
11 | Working World Inc | 228 Park Ave S, New York, NY 10003-1502 | NY | 2014-10 | $348,949 |
12 | Wyoming County Business Assistance Corporation | 6470 Rte 20 A Ste 4, Perry, NY 14530-9765 | NY | 2009-09 | $312,494 |
13 | Lewis County Development Corp | Po Box 319, Croghan, NY 13327 | NY | 2006-09 | $304,699 |
14 | Seaway Private Equity Corporation | C/O Clarkson University Box 8561, Potsdam, NY 13699-0001 | NY | 2007-03 | $242,942 |
15 | Cayuga Economic Development Agency Inc | 2 State St, Auburn, NY 13021-3625 | NY | 2011-08 | $217,173 |
16 | Peconic Green Growth Inc | 651 West Main Street, Riverhead, NY 11901 | NY | 2011-03 | $215,515 |
17 | Livingston County Development Corp | 6 Court St Rm 306, Geneseo, NY 14454-1276 | NY | 2010-08 | $196,282 |
18 | Arise Of Northern New York Inc | PO BOX 1200, Tupper Lake, NY 12986 | NY | 2011-01 | $165,397 |
19 | Westminster Economic Developmentinitiative Inc | 25 Grant St, Buffalo, NY 14213-1902 | NY | 2007-01 | $143,106 |
20 | Ticonderoga Revitalization Alliance Inc | PO BOX 247, Ticonderoga, NY 12883-0247 | NY | 2013-11 | $128,171 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 3,253 |
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