Victory Ministry For Economic Development Inc in Oklahoma City, Oklahoma (OK)
Table of contents:
| Victory Ministry For Economic Development Inc | |
| Employer Identification Number (EIN) | 450521575 |
| Name of Organization | Victory Ministry For Economic Development Inc |
| In Care of Name | Malcolm Coby |
| Address | 630 N Bath Ave, Oklahoma City, OK 73117-3008 |
| Subsection | Educational Organization |
| Ruling Date | 08/2013 |
| 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 | $1 to $9,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $1,084 |
| Amount of Income | $22,966 |
| Form 990 Revenue Amount | $22,966 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Remedial Reading, Reading Encouragement |
Non-representatives - add comments:
Amount of income in 2013: $22,966 (it was $228,282 in 2012)
| This organization: | $22,966 |
| Other organizations performing similar types of work: | $60,013 |
Assets in 2013: $1,084 (it was $4,132 in 2012)
| This organization: | $1,084 |
| Other organizations performing similar types of work: | $24,444 |
Expenses in 2013: $24,050
| Victory Ministry For Economic Development Inc: | $24,050 |
| Other organizations performing similar types of work: | $56,929 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.7%
| Victory Ministry For Economic Development Inc: | 0.7% |
| Other organizations performing similar types of work: | 98.2% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $228,282 | $22,966 |
| Contributions, gifts, grants, and similar amounts received | $0 | $150 |
| Program service revenue including government fees and contracts | $228,282 | $22,816 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $207,188 | $24,050 |
| Total net assets | $4,132 | $-1,084 |
| Excess/Deficit for the year | $21,094 | $-1,084 |
| Net assets or fund balances at beginning of year | $-16,962 | $0 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $21,921 | $3,048 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $4,132 | $-1,084 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $4,132 | $-1,084 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Reading Partners | 180 Grand Ave Ste 800, Oakland, CA 94612-3748 | CA | 2001-05 | $18,409,274 |
| 2 | Simon Youth Foundation Inc | 225 W Washington St, Indianapolis, IN 46204-3435 | IN | 1998-05 | $5,547,545 |
| 3 | Dc Parkside-Kenilworth Promise Neighborhood | 3701 Hayes Street Ne, Washington, DC 20019 | DC | 2009-09 | $3,822,257 |
| 4 | Smart Start Central Oklahoma Inc | 1444 Nw 28th St, Oklahoma City, OK 73106-3430 | OK | 2003-08 | $1,050,320 |
| 5 | Smart Start Payne County Inc | PO BOX 2021, Stillwater, OK 74076-2021 | OK | 2004-06 | $107,023 |
| 6 | Victory Ministry For Economic Development Inc | 630 N Bath Ave, Oklahoma City, OK 73117-3008 | OK | 2013-08 | $22,966 |
| 7 | Integrity Foundation Inc | 7150 Coyote Point, Edmond, OK 73034 | OK | 2008-08 | $124 |
| 8 | A Plus Academics Arts And Cultural Advancement Inc | 608 Askew Drive, Midwest City, OK 73110 | OK | 2007-02 | $0 |
| 9 | Black Flower Society | 1723 West Latimer St, Tulsa, OK 74127 | OK | 2005-03 | $0 |
| 10 | Chisholm Trail Book Society | Po Box 2125, Duncan, OK 73533 | OK | 2012-03 | $0 |
| 11 | Heartland New Day Bookfest Inc | PO BOX 30960, Edmond, OK 73003-0016 | OK | 2010-10 | $0 |
| 12 | Jacobs Ladder Foundation | Po Box 10, Davenport, OK 74026 | OK | 2003-10 | $0 |
| 13 | Lanterns For Literacy | 2420 Sw 94th St, Oklahoma City, OK 73159-6816 | OK | 2003-03 | $0 |
| 14 | Leaders Read Inc | PO BOX 321, Oklahoma City, OK 73101-0321 | OK | 2003-04 | $0 |
| 15 | Northern Oklahoma Academic Tutoring Foundation Inc | 1505 E Grand Avenue, Ponca City, OK 74601 | OK | 2011-06 | $0 |
| 16 | Oklahoma Adult Basic Education Association | 1320 N Classen Drive, Oklahoma City, OK 73103 | OK | 2003-05 | $0 |
| 17 | Oklahoma Celebration Of Reading Association | 18549 Highway 47 A W, Cheyenne, OK 73628 | OK | 2000-08 | $0 |
| 18 | Okmulgee Literacy Council | 218 S Okmulgee Ave, Okmulgee, OK 74447-7751 | OK | 1999-08 | $0 |
| 19 | Pushmataha County Literacy Council | Po Box 8, Snow, OK 74567 | OK | 1998-12 | $0 |
| 20 | Westcentral Oklahoma Literacy Coalition Inc | 219 E Franklin, Weatherford, OK 73096 | OK | 1998-01 | $0 |
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| Total | 1,535 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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