Charleston Area Community Develop Ment Corporation in Charleston, South Carolina (SC)
Table of contents:
| Charleston Area Community Develop Ment Corporation | |
| Employer Identification Number (EIN) | 571011856 |
| Name of Organization | Charleston Area Community Develop Ment Corporation |
| In Care of Name | Tomora Attles-Robinson |
| Address | 2146 Dorchester Rd, Charleston, SC 29405-7776 |
| Activities | Area development, redevelopment of renewal, Loans or grants for minority businesses |
| Subsection | Charitable Organization |
| Ruling Date | 08/1995 |
| 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 | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,317,229 |
| Amount of Income | $416,399 |
| Form 990 Revenue Amount | $401,399 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2012: $416,399 (it was $391,938 in 2011)
| Charleston Area Community Develop Ment Corporation: | $416,399 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2012: $1,317,229 (it was $1,335,291 in 2011)
| Charleston Area Community Develop Ment Corporation: | $1,317,229 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2012: $417,264
| This organization: | $417,264 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2012: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Number of employees in 2012: 6
| This organization: | 6 |
| Other organizations performing similar types of work: | 2 |
Grants share in income in 2012: 93.7%
| Charleston Area Community Develop Ment Corporation: | 93.7% |
| Other organizations performing similar types of work: | 35.7% |
Revenue for 2012
Functional expenses 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 | $401,399 |
| Contributions, Gifts, Grants and Other Similar Amounts | $376,113 |
| Program Service Revenue | $26,952 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $0 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net loss from sales of assets other than inventory | $-1,666 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $0 / $13,334 |
| Less: cost or other basis and sales expenses (Securities / Other) | $0 / $15,000 |
| Gain or (loss) (Securities / Other) | $0 / $-1,666 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $417,264 |
| Compensation of current officers, directors, trustees, and key employees | $57,000 |
| Other salaries and wages | $40,349 |
| Payroll taxes | $14,282 |
| Professional fundraising services | $0 |
| Other | $305,633 |
| Balance Sheet (for 2012) | |
| Total assets | $1,317,229 |
| Total liabilities | $708,603 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $708,603 |
| Total net assets or fund balances | $608,626 |
| 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 | $2,126,886 |
| Gifts, grants, contributions, and membership fees received | $1,891,550 |
| 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 | $235,336 |
| 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 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Uptown Columbus Inc | PO BOX 1237, Columbus, GA 31902-1237 | GA | 1985-04 | $12,826,789 |
| 2 | South Bronx Overall Economic Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1973-08 | $8,444,805 |
| 3 | West Central Indiana Economic Development District Inc | 1718 Wabash Ave, Terre Haute, IN 47807-3323 | IN | 1969-08 | $5,403,201 |
| 4 | South Georgia Regional Development Center | PO BOX 1223, Valdosta, GA 31603-1223 | GA | 1979-09 | $4,665,054 |
| 5 | Warriors Inc | 2733 Market St, Youngstown, OH 44507-1612 | OH | 1998-08 | $2,042,544 |
| 6 | Sierra Vista Economic Development | 750 Bartow, Sierra Vista, AZ 85635-1827 | AZ | 1987-06 | $1,835,033 |
| 7 | Stand Up For Salem Inc | Fenwick Plaza Suite 7, Salem, NJ 08079 | NJ | 1989-09 | $1,714,895 |
| 8 | Tule River Economic Development Corporation | 2780 W Yowlumne Ave Ste A559, Porterville, CA 93257-9592 | CA | 1992-07 | $1,156,764 |
| 9 | Sunrise County Economic Council | 53 Prescott Dr Suite 3, Machias, ME 04654-3424 | ME | 1995-03 | $1,012,879 |
| 10 | Urban Enterprise Association Of Hammond Indiana Inc | 649 Conkey St, Hammond, IN 46324-1158 | IN | 1993-06 | $922,216 |
| 11 | Randolph Area Community Development Corporation | PO BOX 7, Randolph, VT 05060-0007 | VT | 1994-05 | $913,807 |
| 12 | Saratoga Economic Development Corporation | 28 Clinton Ave, Saratoga Springs, NY 12866-2391 | NY | 1980-01 | $831,929 |
| 13 | Texas Economic Development Corporation | PO BOX 684702, Austin, TX 78768-4702 | TX | 1993-05 | $765,896 |
| 14 | Certified Development Corporation Of South Carolina | PO BOX 21823, Columbia, SC 29221-1823 | SC | 1996-02 | $558,010 |
| 15 | Upstate Employers Network | 1004 S Pine St, Spartanburg, SC 29302-3313 | SC | 1961-08 | $462,361 |
| 16 | Charleston Area Community Develop Ment Corporation | 2146 Dorchester Rd, Charleston, SC 29405-7776 | SC | 1995-08 | $416,399 |
| 17 | Mauldin Foundation Inc | PO BOX 249, Mauldin, SC 29662-0249 | SC | 1992-07 | $129,812 |
| 18 | Lower Savannah Regional Development Corporation | PO BOX 850, Aiken, SC 29802-0850 | SC | 1985-02 | $79,715 |
| 19 | Hartsville Downtown Development Association | 121 N 5 St, Hartsville, SC 29550 | SC | 1989-07 | $54,363 |
| 20 | Newberry Downtown Development Association Inc | 1201 Mckibben St A, Newberry, SC 29108-2730 | SC | 1992-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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