Lake City Partnership Council in Lake City, South Carolina (SC)
Table of contents:
Lake City Partnership Council | |
Employer Identification Number (EIN) | 272712951 |
Name of Organization | Lake City Partnership Council |
In Care of Name | Sue Ann Shannon |
Address | 133b E Main St, Lake City, SC 29560-2626 |
Subsection | Charitable Organization |
Ruling Date | 09/2011 |
Deductibility | Contributions are deductible |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $10,000,000 to $49,999,999 |
Income | $10,000,000 to $49,999,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $11,767,991 |
Amount of Income | $13,089,389 |
Form 990 Revenue Amount | $12,721,050 |
National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $13,089,389 (it was $3,423,482 in 2012)
This organization: | $13,089,389 |
Other organizations performing similar types of work: | $60,000 |
Assets in 2013: $11,767,991 (it was $4,829,558 in 2012)
This organization: | $11,767,991 |
Other organizations performing similar types of work: | $38,951 |
Expenses in 2012: $2,292,715
Lake City Partnership Council: | $2,292,715 |
Other organizations performing similar types of work: | $33,868 |
Income to expenses ratio in 2012: 5.7
Lake City Partnership Council: | 5.7 |
Other organizations performing similar types of work: | 1.2 |
Employees paid over $100,000 in 2012: 20.0%
This organization: | 20.0% |
Other organizations performing similar types of work: | 0.0% |
Grants share in income in 2012: 95.0%
Lake City Partnership Council: | 95.0% |
Other organizations performing similar types of work: | 37.8% |
Revenue for 2012
Functional expenses 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? | Yes |
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 | $3,158,104 |
Contributions, Gifts, Grants and Other Similar Amounts | $3,001,387 |
Program Service Revenue | $158,014 |
Other Revenue | |
Investment income (including dividends, interest, and other similar amounts) | $13 |
Income from investment of tax-exempt bond proceeds | $0 |
Royalties | $0 |
Net rental loss | $-2,536 |
Gross rents (Real / Personal) | $16,077 / $0 |
Less: rental expenses (Real / Personal) | $18,613 / $0 |
Rental income or (loss) (Real / Personal) | $-2,536 / $0 |
Net gain from sales of assets other than inventory | $0 |
Net income from fundraising events | $0 |
Net income from gaming activities | $0 |
Net income from sales of inventory | $0 |
Miscellaneous Revenue | $1,226 |
Statement of Functional Expenses (for 2012) | |
Total functional expenses | $2,292,715 |
Compensation of current officers, directors, trustees, and key employees | $95,900 |
Other salaries and wages | $138,448 |
Payroll taxes | $10,273 |
Professional fundraising services | $0 |
Other | $2,048,094 |
Balance Sheet (for 2012) | |
Total assets | $4,829,558 |
Total liabilities | $11,882 |
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 | $11,882 |
Total net assets or fund balances | $4,817,676 |
Retained earnings, endowment, accumulated income, or other funds | $4,817,676 |
Reason for Public Charity Status (for 2012) | |
The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Lake City Partnership Council | 133b E Main St, Lake City, SC 29560-2626 | SC | 2011-09 | $13,089,389 |
2 | Pershing Square Foundation | 10 Melville Park Rd, Melville, NY 11747-3146 | NY | 2009-02 | $10,002,234 |
3 | Cedar Street Charitable Foundation Inc | 111 E Kilbourn Ave Ste 200, Milwaukee, WI 53202-6672 | WI | 2009-07 | $8,736,198 |
4 | Teamsters Local 986 Charity Fund Inc | 1198 Durfee Ave, S El Monte, CA 91733-4412 | CA | 1989-08 | $8,386,314 |
5 | Community Foundation Of Wyandotte County | 9001 W 110th Street, Overland Park, KS 66210-2145 | KS | 2011-09 | $7,879,547 |
6 | Fund For Our Economic Future Of Northeast Ohio | 1360 E 9th St Ste 210, Cleveland, OH 44114-1746 | OH | 2009-12 | $6,467,823 |
7 | Thomas P And Sondra D Sheehan Charitable Foundation | 515 E Main St, Carmel, IN 46032-2258 | IN | 2009-10 | $4,385,885 |
8 | Act For Alexandria | 1421 Prince St Ste 400, Alexandria, VA 22314-2805 | VA | 2009-09 | $4,129,470 |
9 | Whirlpool Collective Impact Fund | 2000 N M 63, Benton Harbor, MI 49022-2632 | MI | 2015-03 | $2,377,915 |
10 | Center Of Excellence Properties Fund | PO BOX 100, Park City, UT 84060-0100 | UT | 2007-12 | $2,196,000 |
11 | Texas Medical Association Foundation | 401 W 15th St, Austin, TX 78701-1670 | TX | 1966-03 | $1,937,497 |
12 | Olympia Center Inc | 169 E Flagler St Ste 837, Miami, FL 33131-1203 | FL | 2011-12 | $1,877,996 |
13 | Nglcc Foundation | 729 15th Street Nw 9th Floor, Washington, DC 20005 | DC | 2013-01 | $1,029,390 |
14 | Wayne County-Detroit Cde Inc | 500 Griswold 30th Floor, Detroit, MI 48226-3480 | MI | 2006-09 | $954,828 |
15 | Day Iii | 1110 West Anaheim Street Ste 6, Wilmington, CA 90744 | CA | 2005-05 | $853,591 |
16 | Church Mouse Thrift Shop Inc | 50 Pope Avenue, Hilton Head, SC 29928 | SC | 2013-02 | $650,650 |
17 | West Central Development Corporation | 915 W Market St Ste C, Lima, OH 45805-2771 | OH | 2007-07 | $510,949 |
18 | Clemson Community Foundation | Po Box 1503, Clemson, SC 29633 | SC | 2014-09 | $0 |
19 | Stepping In A New Direction | 177 Mcmakin St, Summerville, SC 29483-4817 | SC | 2011-12 | $0 |
20 | Wadco | 406 Hempsted Rd, Columbia, SC 29210-4123 | SC | 2009-05 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 471 |
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