Tea Economic Development Corporation in Tea, South Dakota (SD)
Table of contents:
| Tea Economic Development Corporation | |
| Employer Identification Number (EIN) | 760715760 |
| Name of Organization | Tea Economic Development Corporation |
| In Care of Name | Robert Brandner |
| Address | PO BOX 128, Tea, SD 57064-0128 |
| Subsection | Civic League |
| Ruling Date | 07/2005 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $4,605 |
| Amount of Income | $12,747 |
| Form 990 Revenue Amount | $12,747 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $12,747 (it was $15,270 in 2012)
| This organization: | $12,747 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $4,605 (it was $2,548 in 2012)
| This organization: | $4,605 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $10,690
| Tea Economic Development Corporation: | $10,690 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 73.7%
| Tea Economic Development Corporation: | 73.7% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $35,442 | $15,270 | $12,747 |
| Contributions, gifts, grants, and similar amounts received | $35,411 | $12,270 | $9,397 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $3,000 | $3,350 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $31 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $42,028 | $20,560 | $10,690 |
| Total net assets | $7,838 | $2,548 | $4,605 |
| Excess/Deficit for the year | $-6,586 | $-5,290 | $2,057 |
| Net assets or fund balances at beginning of year | $14,424 | $7,838 | $2,548 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $2,548 | $4,605 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $7,838 | $2,548 | $4,605 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $7,838 | $2,548 | $4,605 |
| 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: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | West River Foundation For Economic And Community Development | PO BOX 605, Sturgis, SD 57785-0605 | SD | 2000-10 | $1,093,865 |
| 2 | Redfield Area Development Corporation | 626 N Main St, Redfield, SD 57469-1127 | SD | 2013-12 | $506,915 |
| 3 | Vision Brooking Foundation | 414 Main Ave, Brookings, SD 57006-2012 | SD | 2007-03 | $458,193 |
| 4 | Webster Area Development Corporation Inc | PO BOX 6, Webster, SD 57274-0006 | SD | 1995-12 | $270,895 |
| 5 | Webster 20 20 Incorporated | 513 Main St, Webster, SD 57274 | SD | 2005-03 | $141,177 |
| 6 | Southeast Enterprise Faciliation Project | PO BOX 106, Marion, SD 57043-0106 | SD | 2000-04 | $90,745 |
| 7 | Sicangu Fund | PO BOX 787, Mission, SD 57555-0787 | SD | 2005-10 | $77,465 |
| 8 | Snake Creek Development Corporation Inc | Po Box 458, Faulkton, SD 57438 | SD | 2007-10 | $31,507 |
| 9 | Tea Economic Development Corporation | PO BOX 128, Tea, SD 57064-0128 | SD | 2005-07 | $12,747 |
| 10 | Tlc Community Development Corporation | 2601 S Minn Ave Ste 105 Pmb 378, Sioux Falls, SD 57105-4750 | SD | 2012-12 | $375 |
| 11 | 7 Rivers Revitalization Group | 4030 Hall St, Rapid City, SD 57702-2205 | SD | 2014-10 | $0 |
| 12 | Can Wigmunke | 621 Ennen Drive, Rapid City, SD 57703 | SD | 2008-07 | $0 |
| 13 | Certified Community Commercial Kitchen Initiative, Cccki | 5161 Lamb Rd, Rapid City, SD 57703 | SD | 2010-07 | $0 |
| 14 | Day County Champion Community | 513 Main St, Webster, SD 57274 | SD | 2001-05 | $0 |
| 15 | Freeman Growth Foundation Inc | PO BOX C, Freeman, SD 57029 | SD | 2010-08 | $0 |
| 16 | Gregory Horizons Community Development Corp | Po Box 348, Gregory, SD 57533 | SD | 2012-10 | $0 |
| 17 | Groton Development Corporation | 102 N Main Street Po Box 467, Groton, SD 57445 | SD | 2009-03 | $0 |
| 18 | Harrisburg Economic Development Corporation | Po Box 26, Harrisburg, SD 57032 | SD | 2008-07 | $0 |
| 19 | Herreid Economic Development Corporation | Po Box 22, Herreid, SD 57632 | SD | 2014-07 | $0 |
| 20 | Jackson-Kadoka Economic Development Corporation | Po Box 71, Kadoka, SD 57543 | SD | 2010-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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