Pottstown Area Industrial Development Inc in Pottstown, Pennsylvania (PA)
Table of contents:
| Pottstown Area Industrial Development Inc | |
| Employer Identification Number (EIN) | 231878840 |
| Name of Organization | Pottstown Area Industrial Development Inc |
| In Care of Name | Chamber Of Commerce |
| Address | 152 E High St Ste 360, Pottstown, PA 19464-5400 |
| Activities | Business promotion (chamber of commerce, business league, etc.), Attracting new industry or retaining industry in an area |
| Subsection | Charitable Organization |
| Ruling Date | 06/1982 |
| 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 | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $178,563 |
| Amount of Income | $51,633 |
| Form 990 Revenue Amount | $51,633 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $51,633 (it was $1,586 in 2012)
| Pottstown Area Industrial Development Inc: | $51,633 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2013: $178,563 (it was $256,581 in 2012)
| Pottstown Area Industrial Development Inc: | $178,563 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2013: $129,651
| Pottstown Area Industrial Development Inc: | $129,651 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2013: 0.4
| Pottstown Area Industrial Development Inc: | 0.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 99.3%
| This organization: | 99.3% |
| Other organizations performing similar types of work: | 35.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $11,881 | $1,586 | $51,633 |
| Contributions, gifts, grants, and similar amounts received | $10,000 | $0 | $51,250 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,881 | $1,586 | $383 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $36,488 | $130,312 | $129,651 |
| Total net assets | $359,293 | $230,567 | $152,549 |
| Excess/Deficit for the year | $-24,607 | $-128,726 | $-78,018 |
| Net assets or fund balances at beginning of year | $383,900 | $359,293 | $230,567 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $230,567 | $152,549 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $385,307 | $256,581 | $178,563 |
| Total liabilities | $26,014 | $26,014 | $26,014 |
| Net assets or fund balances | $359,293 | $230,567 | $152,549 |
| Other Information | |||
| 2011 | 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 | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 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 | $64,380 |
| Subtotal Support | $64,380 |
| Gifts, grants, contributions, and membership fees received | $64,380 |
| 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 | $78,802 |
| Public Support | $64,380 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $14,422 |
| 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 | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Baltimore Avenue Redevelopment Corporation | 5001 Baltimore Ave, Philadelphia, PA 19143-1626 | PA | 1996-03 | $230,828 |
| 2 | Pittsburgh Downtown Partnership | 925 Liberty Ave Ewart Bldg 1st, Pittsburgh, PA 15222-3730 | PA | 1994-04 | $3,383,490 |
| 3 | Pidc Regional Development Corp | 1500 Market Street 2600 Centre Squ, Philadelphia, PA 19102 | PA | 1997-12 | $2,211,771 |
| 4 | Enterprise Center | 4548 Market Street, Philadelphia, PA 19139-3610 | PA | 1991-01 | $1,720,606 |
| 5 | Philadelphia Chinatown Development Corp Chinatown Community Park | 301305 N 9th Street, Philadelphia, PA 19107 | PA | 1975-06 | $1,487,780 |
| 6 | B O O M Inc | 51 S Main St Ste B, Mansfield, PA 16933-1532 | PA | 1973-10 | $113,506 |
| 7 | Wister Neighborhood Council Inc | 48 E Penn St, Philadelphia, PA 19144-2308 | PA | 1993-04 | $40,056 |
| 8 | Manor Ford Development Corproation | Po Box 2213, Cranberry Township, PA 16066 | PA | 1996-04 | $525 |
| 9 | Northumberland County Industrial Development Corporation | 399 South Fifth Street, Sunbury, PA 17801 | PA | 1991-09 | $385 |
| 10 | Alle-Kiski Revitalization Corporation | Po Box 31, Tarentum, PA 15084 | PA | 1990-08 | $0 |
| 11 | Economic Development Group East Inc | 925 Rebecca Ave, Pittsburgh, PA 15221-2937 | PA | 1986-06 | $0 |
| 12 | Eldevco Development Organization Inc | 100 Sheridan Square, Pittsburgh, PA 15206-3019 | PA | 1995-01 | $0 |
| 13 | Greater Pittsburgh Commission For Women | 2039 Termon Ave, Pittsburgh, PA 15212-1700 | PA | 1987-11 | $0 |
| 14 | Haddington-Cobbs Creek Community Development Corporation | 1600 Market St Ste 3600, Philadelphia, PA 19103-7212 | PA | 1996-08 | $0 |
| 15 | Logan Olney Vicnity Enterprise Community Development Corp | 4500 N 10th St, Philadelphia, PA 19140-1315 | PA | 1996-01 | $0 |
| 16 | Main Street Tyrone Inc | 40 W 10th St, Tyrone, PA 16686-1506 | PA | 1994-05 | $0 |
| 17 | Penn Liberty Association Ubo | 635 Smithfield St, Pittsburgh, PA 15222-2505 | PA | 1993-01 | $0 |
| 18 | Regional Council Of Neighborhood Organizations | 5600 City Ave, Philadelphia, PA 19131-1308 | PA | 1985-05 | $0 |
| 19 | The Bridgewater Community Development Corporation | 1229 Riverside Drive, Bridgewater, PA 15009 | PA | 1995-09 | $0 |
| 20 | West Cecil B Moore Community Corporation | 1738 N Bambrey St, Philadelphia, PA 19121-2813 | PA | 1995-01 | $0 |
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