Downtown Lima Inc in Lima, Ohio (OH)
Table of contents:
| Downtown Lima Inc | |
| Employer Identification Number (EIN) | 311549007 |
| Name of Organization | Downtown Lima Inc |
| In Care of Name | Charles W Daley |
| Address | 144 S Main St Ste 201, Lima, OH 45801-4920 |
| Subsection | Charitable Organization |
| Ruling Date | 04/1999 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $236,685 |
| Amount of Income | $134,643 |
| Form 990 Revenue Amount | $112,859 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $134,643 (it was $112,975 in 2012)
| This organization: | $134,643 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $236,685 (it was $234,939 in 2012)
| Downtown Lima Inc: | $236,685 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $106,655
| This organization: | $106,655 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 12.3%
| Downtown Lima Inc: | 12.3% |
| 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 | $101,752 | $94,780 | $112,859 |
| Contributions, gifts, grants, and similar amounts received | $1,350 | $2,250 | $13,860 |
| Program service revenue including government fees and contracts | $12,932 | $12,791 | $15,389 |
| Membership dues and assessments | $69,400 | $64,975 | $68,365 |
| Investment income | $4,889 | $4,796 | $3,146 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $11,367 | $7,800 | $8,080 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $24,448 | $25,995 | $29,864 |
| Less: direct expenses from gaming and fundraising events | $13,081 | $18,195 | $21,784 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $1,814 | $2,168 | $4,019 |
| Total expenses | $102,410 | $103,392 | $106,655 |
| Total net assets | $237,925 | $229,313 | $235,517 |
| Excess/Deficit for the year | $-658 | $-8,612 | $6,204 |
| Net assets or fund balances at beginning of year | $238,583 | $237,925 | $229,313 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $229,313 | $235,517 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $240,535 | $234,939 | $236,685 |
| Total liabilities | $2,610 | $5,626 | $1,168 |
| Net assets or fund balances | $237,925 | $229,313 | $235,517 |
| 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 | $606,232 |
| Subtotal | $606,232 |
| Gifts, grants, contributions, and membership fees received | $422,801 |
| 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 | $89,664 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $93,767 |
| 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 | $642,515 |
| Public support | $606,232 |
| Subtotal | $28,266 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $28,266 |
| 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 | $8,017 |
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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 | Wright Brothers Institute Inc | 5000 Springfield Pike Suite 100, Dayton, OH 45431 | OH | 2003-05 | $3,968,605 |
| 3 | Lake Erie Energy Development Corporation | 1938 Euclid Ave Ste 200, Cleveland, OH 44115-2254 | OH | 2011-01 | $3,376,185 |
| 4 | Northeast Ohio Sustainable Communities Consortium | 1299 Superior Ave E, Cleveland, OH 44114-3204 | OH | 2012-06 | $3,272,026 |
| 5 | Appalachian Partnership Inc | 35 Public Sq, Nelsonville, OH 45764-1132 | OH | 2012-05 | $2,510,872 |
| 6 | Southside Community Development Corporation | 345 Oak Hill Ave, Youngstown, OH 44502-1450 | OH | 1999-04 | $2,474,053 |
| 7 | Consortium For Ongoing Reinvestment Efforts, Core Fund | 236 High St, Hamilton, OH 45011-2711 | OH | 2014-04 | $2,449,697 |
| 8 | United North Corporation | 3106 Lagrange St, Toledo, OH 43608-1802 | OH | 2007-07 | $1,979,046 |
| 9 | Tech Belt Energy Innovation Center | 147 W Market St, Warren, OH 44481-1022 | OH | 2011-05 | $853,716 |
| 10 | Short North Alliance Inc | 21 E 5th Ave Unit 103, Columbus, OH 43201-4532 | OH | 2012-05 | $806,743 |
| 11 | Community Improvement Corporation Of Fairlawn Ohio | 3487 S Smith Rd, Fairlawn, OH 44333-3007 | OH | 2014-07 | $631,200 |
| 12 | Development Fund Of The Western Reserve Inc | 47 North Main Street No 407, Akron, OH 44308-1925 | OH | 2011-10 | $615,813 |
| 13 | Stockyard Redevelopment Organization | 6605 Clark Ave Ste 101, Cleveland, OH 44102-5330 | OH | 1999-02 | $359,050 |
| 14 | Westerville Industry And Commerce Corpor | PO BOX 6107, Westerville, OH 43086-6107 | OH | 2010-09 | $330,093 |
| 15 | Summit Medina Business Alliance Inc | 166 S High St Rm 509, Akron, OH 44308-1627 | OH | 2007-11 | $311,512 |
| 16 | Preble County Development Partnership | PO BOX 303, Eaton, OH 45320-0303 | OH | 2011-08 | $309,904 |
| 17 | Northwest Ohio Development Assistance Corporation | 1 Maritime Plz Fl 7, Toledo, OH 43604-1853 | OH | 2011-06 | $283,781 |
| 18 | Grow Licking County | 50 W Locust St, Newark, OH 43055-5043 | OH | 2013-07 | $272,000 |
| 19 | Columbus 2020 Foundation | 150 S Front St No 200, Columbus, OH 43215 | OH | 2012-04 | $262,529 |
| 20 | Viva South Toledo Cdc | 303 Morris St, Toledo, OH 43604-8874 | OH | 1994-07 | $217,975 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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