Maingate Business Development Corporation in Cleveland, Ohio (OH)
Table of contents:
| Maingate Business Development Corporation | |
| Employer Identification Number (EIN) | 341675133 |
| Name of Organization | Maingate Business Development Corporation |
| In Care of Name | Joel I Newman |
| Address | 2700 E 40th Street, Cleveland, OH 44115-3500 |
| Activities | Other business or professional group |
| Subsection | Charitable Organization |
| Ruling Date | 08/1992 |
| 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 | 12/2011 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $120,260 |
| Amount of Income | $96,890 |
| Form 990 Revenue Amount | $96,890 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Promotion of Business |
Non-representatives - add comments:
Amount of income in 2011: $96,890 (it was $83,603 in 2010)
| Maingate Business Development Corporation: | $96,890 |
| Other organizations performing similar types of work: | $79,554 |
Assets in 2011: $120,260 (it was $166,048 in 2010)
| Maingate Business Development Corporation: | $120,260 |
| Other organizations performing similar types of work: | $481,334 |
Expenses in 2011: $142,678
| Maingate Business Development Corporation: | $142,678 |
| Other organizations performing similar types of work: | $78,969 |
Income to expenses ratio in 2011: 0.7
| Maingate Business Development Corporation: | 0.7 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2011: 94.9%
| This organization: | 94.9% |
| Other organizations performing similar types of work: | 64.5% |
Revenue for 2011
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011) | |
| Total revenue | $96,890 |
| Contributions, gifts, grants, and similar amounts received | $91,977 |
| Program service revenue including government fees and contracts | $575 |
| Membership dues and assessments | $0 |
| Investment income | $188 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $0 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $4,150 |
| Total expenses | $142,678 |
| Total net assets | $115,633 |
| Deficit for the year | $-45,788 |
| Net assets or fund balances at beginning of year | $161,421 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2011) | |
| Total assets | $120,260 |
| Total liabilities | $4,627 |
| Net assets or fund balances | $115,633 |
| Other Information (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Reason for Public Charity Status (for 2011) | |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total support | $929,377 |
| Gifts, grants, contributions, and membership fees received | $862,256 |
| 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 | $32,500 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $28,447 |
| Other | $6,174 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Network Inc | 23 Route 6, Andover, CT 06232-1023 | CT | 1991-10 | $10,719,861 |
| 2 | Furniture Foundation Inc | PO BOX HP7, High Point, NC 27261-1860 | NC | 1951-05 | $1,660,659 |
| 3 | Toledo Bar Association Foundation | 311 N Superior St, Toledo, OH 43604-1421 | OH | 1955-05 | $319,489 |
| 4 | Educational Foundation Of The Georgia Society Of Cpas Inc | 6 Concourse Pkwy Ste 800, Atlanta, GA 30328-5369 | GA | 1959-10 | $256,311 |
| 5 | Greater Waterbury Chamber Of Commerce Foundation Inc | 83 Bank Street, Waterbury, CT 06702-2231 | CT | 1983-03 | $214,032 |
| 6 | Web Cinema Group | 179 Orchard St Apt 4, New York, NY 10002-1482 | NY | 1996-10 | $209,393 |
| 7 | Ct Douglas School Pto | 21 Elm St, Acton, MA 01720-2421 | MA | 1991-06 | $106,889 |
| 8 | Maingate Business Development Corporation | 2700 E 40th Street, Cleveland, OH 44115-3500 | OH | 1992-08 | $96,890 |
| 9 | Sheepscot Wellspring Land Alliance Inc | PO BOX 371, Liberty, ME 04949-0371 | ME | 1995-02 | $79,554 |
| 10 | Minnesota Ice Arena Managers Association | 8388 81st Street Ln S, Cottage Grove, MN 55016-3664 | MN | 1984-02 | $75,825 |
| 11 | Chest And Foundation Of The Fur Industry Of The City Of New York I | 40 W 37th St Rm 1200, New York, NY 10018-7324 | NY | 1938-09 | $34,437 |
| 12 | Illinois Bank Examiners Education Foundation | 320 W Washington, Springfield, IL 62786-0001 | IL | 1988-08 | $33,852 |
| 13 | Psychoanalytic Society Of New England East Inc | 22 Grosvenor Rd, Needham, MA 02492-4417 | MA | 1992-10 | $33,475 |
| 14 | Fort Worth Chamber Foundation Inc | 777 Taylor St Ste 900, Fort Worth, TX 76102-4997 | TX | 1982-04 | $29,484 |
| 15 | Huntsville-Madison County Chamber Of Commerce Foundation | 225 Church St Nw, Huntsville, AL 35801-5542 | AL | 1986-09 | $24,835 |
| 16 | Greater Providence Chamber Foundation | C/O 180 South Main Street, Providence, RI 02903 | RI | 1986-01 | $10,000 |
| 17 | International Dendrological Research Institute Inc, Idri | Po Box 812910, Wellesley, MA 02482 | MA | 1991-03 | $1,451 |
| 18 | Burkesville-Cumberland County Development Corporation | Po Box 720, Burkesville, KY 42717 | KY | 1992-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||
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| Total | 18 | ||||||||||||||||||||||||||
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