Butler Economic Development Corporation in Butler, Pennsylvania (PA)
Table of contents:
Butler Economic Development Corporation | |
Employer Identification Number (EIN) | 251867893 |
Name of Organization | Butler Economic Development Corporation |
In Care of Name | Jeffrey A Elser |
Address | 112 Hollywood Dr Ste 102, Butler, PA 16001-5691 |
Subsection | Charitable Organization |
Ruling Date | 02/2002 |
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 | 12/2014 |
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 | $488,340 |
Amount of Income | $873 |
Form 990 Revenue Amount | $873 |
National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2014: $873 (it was $22,149 in 2013)
This organization: | $873 |
Other organizations performing similar types of work: | $135,279 |
Assets in 2014: $488,340 (it was $496,708 in 2013)
This organization: | $488,340 |
Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $13,905
Butler Economic Development Corporation: | $13,905 |
Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 0.1
This organization: | 0.1 |
Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 90.3%
This organization: | 90.3% |
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 | $22,149 | ||
Contributions, gifts, grants, and similar amounts received | $20,000 | ||
Program service revenue including government fees and contracts | $0 | ||
Membership dues and assessments | $0 | ||
Investment income | $0 | ||
Gain/Loss from sale of assets other than inventory | $0 | ||
Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
Gross profit/loss from sales of inventory | $0 | ||
Other revenue | $2,149 | ||
Total expenses | $13,905 | ||
Total net assets | $496,708 | ||
Excess/Deficit for the year | $8,244 | ||
Net assets or fund balances at beginning of year | $488,464 | ||
Other changes in net assets or fund balances | $0 | ||
Net assets or fund balances at end of year | $496,708 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $1,884,856 | $488,464 | $496,708 |
Total liabilities | $1,207,003 | $0 | $0 |
Net assets or fund balances | $496,708 |
Other Information | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
Were any significant changes made to the organizing or governing documents? | No | ||
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | 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 | ||
Amount of political expenditures, direct or indirect | $0 | ||
Did the organization file Form 1120-POL for this year? | 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 | ||
Total amount involved | $0 | ||
Initiation fees and capital contributions | $0 | ||
Gross receipts for public use of club facilities | $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 | ||
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 | $797,257 |
Subtotal Support | $797,257 |
Gifts, grants, contributions, and membership fees received | $797,257 |
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 | $832,540 |
Public Support | $797,257 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $23,592 |
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 | $11,691 |
Gross receipts from related activities, etc. | $47,162 |
Unrelated Trade or Business Income (for 2008) | |||
Income | Expenses | Net | |
---|---|---|---|
Total | $5,864 | $10,531 | $-4,667 |
Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
Cost of goods sold | $0 | $0 | $0 |
Gross profit | $0 | $0 | $0 |
Capital gain net income | $0 | $0 | $0 |
Net gain | $0 | $0 | $0 |
Capital loss deduction for trusts | $0 | $0 | $0 |
Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
Rent income | $0 | $0 | $0 |
Unrelated debt-financed income | $5,864 | $0 | $0 |
Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
Exploited exempt activity income | $0 | $0 | $0 |
Advertising income | $0 | $0 | $0 |
Other income | $0 | $0 | $0 |
Deductions Not Taken Elsewhere (for 2008) | |
Total deductions | $0 |
Compensation of officers, directors, and trustees | $0 |
Salaries and wages | $0 |
Repairs and maintenance | $0 |
Bad debts | $0 |
Interest | $0 |
Taxes and licenses | $0 |
Charitable contributions | $0 |
Depreciation | $0 |
Depletion | $0 |
Contributions to deferred compensation plans | $0 |
Employee benefit programs | $0 |
Excess exempt expenses | $0 |
Excess readership costs | $0 |
Other deductions | $0 |
Unrelated business taxable income | $-4,667 |
Unrelated business taxable income before net operating loss deduction | $-4,667 |
Net operating loss deduction | $0 |
Unrelated business taxable income before specific deduction | $-4,667 |
Specific deduction | $0 |
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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 | West Penn Power Sustainable Energy Fund | 40 North Pennsylvania Avenue, Greensburg, PA 15601-2341 | PA | 2000-07 | $30,412,808 |
3 | Pidc-Local Development Corporation | 1500 Market St Ste 2600w, Philadelphia, PA 19102-2115 | PA | 2011-02 | $13,091,627 |
4 | T R W I B Inc | 650 Smithfield St Ste 2600, Pittsburgh, PA 15222-3915 | PA | 2002-06 | $10,056,465 |
5 | Team Pennsylvania Foundation | 100 Pine St Fl 9, Harrisburg, PA 17101-1223 | PA | 1998-08 | $8,380,006 |
6 | Washington & Jefferson Development Corporation | 60 S Lincoln St, Washington, PA 15301-4812 | PA | 2003-09 | $3,280,358 |
7 | Commonwealth Cornerstone Group | 211 N Front St, Harrisburg, PA 17101-1406 | PA | 2010-01 | $2,061,723 |
8 | The Enterprise Center Community Development Corporation | 4548 Market Street, Philadelpllia, PA 19139-3610 | PA | 2002-01 | $1,822,938 |
9 | Lancaster City Alliance | 354 N Prince St Ste 110, Lancaster, PA 17603-3085 | PA | 2014-06 | $1,778,051 |
10 | Pidc Financing Corp | 1500 Market St Ste 2600w, Philadelphia, PA 19102-2115 | PA | 2011-02 | $1,521,564 |
11 | Valley Shenango Economic Development Corporation | 32 W State St, Sharon, PA 16146-1302 | PA | 2009-05 | $1,472,679 |
12 | Sayre Incubator Inc | 703 S Elmer Ave, Sayre, PA 18840-2400 | PA | 2000-06 | $929,575 |
13 | Union Project | 801 N Negley Ave, Pittsburgh, PA 15206-1560 | PA | 2002-11 | $669,805 |
14 | Smithfield Township Economic Development | 11310 Henderson Overlook Road, Huntingdon, PA 16652 | PA | 2000-06 | $550,747 |
15 | Roxborough Development Corporation | PO BOX 26035, Philadelphia, PA 19128-0035 | PA | 2000-08 | $457,881 |
16 | Strip District Public Market Council Inc, Pittsburgh Public Market | 1212 Smallman Street, Pittsburgh, PA 15222 | PA | 2008-02 | $398,708 |
17 | Nurture Nature Center | 518 Northampton Street, Easton, PA 18042 | PA | 2008-07 | $391,041 |
18 | Workforce Wayne | 92 Main Avenue Suite Fgh, Hawley, PA 18428-1114 | PA | 2009-07 | $257,902 |
19 | Schuylkill Countys Vision | 14648 Route 61 South, Pottsville, PA 17901 | PA | 1998-12 | $223,925 |
20 | Why Not Prosper Inc | PO BOX 949, Norristown, PA 19404-0949 | PA | 2003-03 | $183,939 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 3,253 |
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