Downtown North East Inc in North East, Pennsylvania (PA)
Table of contents:
| Downtown North East Inc | |
| Employer Identification Number (EIN) | 800415113 |
| Name of Organization | Downtown North East Inc |
| In Care of Name | Pascal Federici |
| Address | Po Box 442, North East, PA 16428 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2010 |
| 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 | 2011 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $498,600 |
| Amount of Income | $125,776 |
| Form 990 Revenue Amount | $88,586 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2011: $125,776 (it was $88,586 in 2013)
| This organization: | $125,776 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2011: $498,600 (it was $498,600 in 2013)
| This organization: | $498,600 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $69,791
| This organization: | $69,791 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 1.8
| This organization: | 1.8 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 56.8%
| Downtown North East Inc: | 56.8% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $171,254 | $88,586 |
| Contributions, gifts, grants, and similar amounts received | $146,919 | $50,351 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $770 | $2,737 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $4,343 | $1,576 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $10,492 | $1,925 |
| Less: direct expenses from gaming and fundraising events | $6,149 | $349 |
| Gross profit/loss from sales of inventory | $14,222 | $16,464 |
| Gross sales of inventory, less returns and allowances | $20,595 | $53,305 |
| Less: cost of goods sold | $6,373 | $36,841 |
| Other revenue | $5,000 | $17,458 |
| Total expenses | $42,691 | $69,791 |
| Total net assets | $162,603 | $181,398 |
| Excess/Deficit for the year | $128,563 | $18,795 |
| Net assets or fund balances at beginning of year | $34,040 | $162,603 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $162,603 | $181,398 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $484,119 | $498,600 |
| Total liabilities | $321,516 | $317,202 |
| Net assets or fund balances | $162,603 | $181,398 |
| 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: | 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 | $237,431 |
| Subtotal | $237,431 |
| Gifts, grants, contributions, and membership fees received | $114,764 |
| 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 | $73,900 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $48,767 |
| 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 | $256,869 |
| Public support | $237,431 |
| Subtotal | $19,438 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $19,438 |
| 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 | $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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