Webster 20 20 Incorporated in Webster, South Dakota (SD)
Table of contents:
| Webster 20 20 Incorporated | |
| Employer Identification Number (EIN) | 201307620 |
| Name of Organization | Webster 20 20 Incorporated |
| In Care of Name | G Todd Garry |
| Address | 513 Main St, Webster, SD 57274 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/2005 |
| 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 | 2009 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $293,792 |
| Amount of Income | $141,177 |
| Form 990 Revenue Amount | $132,432 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2009: $141,177 (it was $132,432 in 2013)
| Webster 20 20 Incorporated: | $141,177 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2009: $293,792 (it was $293,792 in 2013)
| This organization: | $293,792 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $74,715
| This organization: | $74,715 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 1.9
| Webster 20 20 Incorporated: | 1.9 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 83.8%
| This organization: | 83.8% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $106,831 | $151,466 | $132,432 |
| Contributions, gifts, grants, and similar amounts received | $78,671 | $129,630 | $111,043 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $175 | $180 | $111 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $27,985 | $21,656 | $21,278 |
| Gross income from gaming | $25,247 | $20,122 | $0 |
| Gross income from fundraising events | $15,429 | $12,773 | $30,023 |
| Less: direct expenses from gaming and fundraising events | $12,691 | $11,239 | $8,745 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $92,811 | $1,990 | $74,715 |
| Total net assets | $86,599 | $236,075 | $293,792 |
| Excess/Deficit for the year | $14,020 | $149,476 | $57,717 |
| Net assets or fund balances at beginning of year | $72,579 | $86,599 | $236,075 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $236,075 | $293,792 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $86,599 | $236,075 | $293,792 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $86,599 | $236,075 | $293,792 |
| 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: (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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $471,133 |
| Subtotal | $471,133 |
| Gifts, grants, contributions, and membership fees received | $342,724 |
| 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 | $128,409 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $471,885 |
| Public support | $471,133 |
| Subtotal | $752 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $752 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $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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