Fayette Business And Industrial Development Corporation in Lemont Frnc, Pennsylvania (PA)

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Fayette Business And Industrial Development Corporation
Employer Identification Number (EIN)251047256
Name of OrganizationFayette Business And Industrial Development Corporation
Address1040 Eberly Way Ste 200, Lemont Frnc, PA 15456-1350
ActivitiesAttracting new industry or retaining industry in an area
SubsectionCivic League
Ruling Date05/1955
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1 to $9,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1
Amount of Income$828,773
Form 990 Revenue Amount$521,124


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Financial snapshot ($)

Revenue for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$521,124
Contributions, Gifts, Grants and Other Similar Amounts$8,000
Program Service Revenue$3,800
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,386
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$98,487
Gross rents (Real / Personal)$98,487 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$98,487 / $0
Net gain from sales of assets other than inventory$312,351
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $620,000
Less: cost or other basis and sales expenses (Securities / Other)$0 / $307,649
Gain or (loss) (Securities / Other)$0 / $312,351
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$97,100
Statement of Functional Expenses (for 2012)
Total functional expenses$89,796
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$89,796
Balance Sheet (for 2012)
Total assets$0
Total liabilities$0
Total net assets or fund balances$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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