Block Island Economic Development Foundation Inc, Group Return in Block Island, Rhode Island (RI)
Table of contents:
| Block Island Economic Development Foundation Inc, Group Return | |
| Employer Identification Number (EIN) | 222956223 |
| Name of Organization | Block Island Economic Development Foundation Inc |
| Secondary Name | Group Return |
| Address | PO BOX 619, Block Island, RI 02807-0619 |
| Activities | Attracting new industry or retaining industry in an area |
| Subsection | Charitable Organization |
| Ruling Date | 06/1985 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Group return |
| Asset Amount | $2,180,122 |
| Amount of Income | $328,657 |
| Form 990 Revenue Amount | $-13,178 |
Non-representatives - add comments:
Revenue for 2012
Support schedule
| 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 | $216,148 |
| Contributions, Gifts, Grants and Other Similar Amounts | $0 |
| Program Service Revenue | $228,470 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $91 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental loss | $-27,331 |
| Gross rents (Real / Personal) | $43,934 / $0 |
| Less: rental expenses (Real / Personal) | $71,265 / $0 |
| Rental income or (loss) (Real / Personal) | $-27,331 / $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $1,381 |
| Gross income from fundraising events | $3,345 |
| Less: direct expenses | $1,964 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $13,537 |
| Gross sales of inventory, less returns and allowances | $51,420 |
| Less: cost of goods sold | $37,883 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $272,217 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $272,217 |
| Balance Sheet (for 2012) | |
| Total assets | $2,244,423 |
| Total liabilities | $2,266,542 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $2,212,675 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $53,867 |
| Total net assets or fund balances | $-22,119 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $680,948 |
| Gifts, grants, contributions, and membership fees received | $13,421 |
| 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 | $665,585 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $1,942 |
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| Other organizations in Rhode Island | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Blackstone Valley Mental Health Realty Corp Inc Northern Ri, Community Mental Health Center | PO BOX 1700, Woonsocket, RI 02895-0856 | RI | 1995-02 | $181,060 |
| 2 | Blackstone Valley Tourism Council Inc, Blackstone Valley Tourism Council | 175 Main Street, Pawtucket, RI 02860-4132 | RI | 1988-04 | $1,167,806 |
| 3 | Blackstone Valley Tourism Inc | 175 Main Street, Pawtucket, RI 02860 | RI | 1989-06 | $0 |
| 4 | Blackstone Valley Youth Football And Cheerleading | 17 Dewey Ave, Pawtucket, RI 02861 | RI | 2008-08 | $131,128 |
| 5 | Blair Lee Memorial Fund Trust 05369 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $78,670 |
| 6 | Blanke Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1984-05 | $440,499 |
| 7 | Blessing Way | 70 Pemberton St, Providence, RI 02908-4444 | RI | 2006-01 | $126,743 |
| 8 | Blithewold Inc | 101 Ferry Rd, Bristol, RI 02809-2902 | RI | 2000-01 | $4,062,228 |
| 9 | Block Island Chamber Of Commerce | PO BOX D, Block Island, RI 02807-1746 | RI | 1992-08 | $183,947 |
| 10 | Block Island Club Inc | PO BOX 147, Block Island, RI 02807-0147 | RI | 1995-08 | $175,842 |
| 11 | Block Island Economic Development Foundation Inc, Group Return | PO BOX 619, Block Island, RI 02807-0619 | RI | 1985-06 | $328,657 |
| 12 | Block Island Health Services Inc | PO BOX 919, Block Island, RI 02807-0919 | RI | 1985-01 | $845,167 |
| 13 | Block Island Historical Society | PO BOX 79, Block Island, RI 02807-0079 | RI | 1967-10 | $323,242 |
| 14 | Block Island North Light Association | Po Box 1662, Block Island, RI 02807 | RI | 2001-07 | $0 |
| 15 | Block Island Volunteer Fire And Rescue Department | PO BOX 781, Block Island, RI 02807-0781 | RI | 1974-02 | $204,974 |
| 16 | Blue Corss & Blue Shield Employees Scholarship Foundation | 500 Exchange St, Providence, RI 02903-2629 | RI | 1989-11 | $12,892 |
| 17 | Blue Cross Employees Association Of Rhode Island | 500 Exchange St, Providence, RI 02903-2629 | RI | 1979-02 | $27,921 |
| 18 | Blue Mitten Thrift Shop | 135 Main Street Unit B, Westerly, RI 02891-7111 | RI | 1994-09 | $82,614 |
| 19 | Bodenwein Public Benevolent Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1979-07 | $268,163 |
| 20 | Books Are Wings | 1005 Main St Unit 8233a, Pawtucket, RI 02860-7820 | RI | 2002-05 | $84,701 |
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