Historic Lebanon Tomorrow Inc in Lebanon, Tennessee (TN)
Table of contents:
| Historic Lebanon Tomorrow Inc | |
| Employer Identification Number (EIN) | 261766333 |
| Name of Organization | Historic Lebanon Tomorrow Inc |
| Address | 315 W Spring St, Lebanon, TN 37087-3505 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2008 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $48,544 |
| Amount of Income | $37,750 |
| Form 990 Revenue Amount | $37,750 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $37,750 (it was $20,709 in 2012)
| This organization: | $37,750 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $48,544 (it was $54,447 in 2012)
| Historic Lebanon Tomorrow Inc: | $48,544 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $43,653
| Historic Lebanon Tomorrow Inc: | $43,653 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 0.9
| Historic Lebanon Tomorrow Inc: | 0.9 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 94.6%
| Historic Lebanon Tomorrow Inc: | 94.6% |
| 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 | $22,383 | $19,319 | $37,750 |
| Contributions, gifts, grants, and similar amounts received | $21,438 | $18,014 | $35,709 |
| Program service revenue including government fees and contracts | $0 | $0 | $100 |
| Membership dues and assessments | $945 | $50 | $1,921 |
| Investment income | $0 | $31 | $20 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $1,224 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $11,772 | $5,706 | $43,653 |
| Total net assets | $40,834 | $54,447 | $48,544 |
| Excess/Deficit for the year | $10,611 | $13,613 | $-5,903 |
| Net assets or fund balances at beginning of year | $30,223 | $40,834 | $54,447 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $54,447 | $48,544 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $40,834 | $54,447 | $48,544 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $40,834 | $54,447 | $48,544 |
| 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 | $107,708 |
| Subtotal | $107,708 |
| Gifts, grants, contributions, and membership fees received | $107,608 |
| 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 | $100 |
| 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 | $109,928 |
| Public support | $107,708 |
| Subtotal | $996 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $996 |
| 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 | $1,224 |
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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 | Riverfront Development Corporation | 22 N Front St Ste 960, Memphis, TN 38103-2194 | TN | 2000-07 | $9,468,515 |
| 3 | Tennessee Technology Development Corporation, Launch Tennessee | 211 7th Ave N Ste 205, Nashville, TN 37219-1863 | TN | 1999-06 | $5,725,388 |
| 4 | Technology 2020 | 1020 Commerce Park Drive, Oak Ridge, TN 37830-8099 | TN | 1996-11 | $2,803,204 |
| 5 | Williamson County Convention &visitors Bureau Inc | 400 Main St Ste 200, Franklin, TN 37064-2741 | TN | 2008-08 | $1,287,630 |
| 6 | Community Lift Corp | 301 Washington Ave Ste 303, Memphis, TN 38103-1989 | TN | 2011-06 | $1,208,023 |
| 7 | Bolivar Downtown Developmentcorporation | 116 S Main St, Bolivar, TN 38008-2327 | TN | 2008-08 | $742,278 |
| 8 | Ripley Downtown Development Corporation | 110 S Washington St, Ripley, TN 38063-1530 | TN | 2010-03 | $675,932 |
| 9 | Tennessee Multicultural Chamber Of Commerce Inc | 535 Chestnut St Ste 200, Chattanooga, TN 37402-4944 | TN | 2000-04 | $587,855 |
| 10 | Well Coffeehouse | 2035 Richard Jones Rd, Nashville, TN 37215-2801 | TN | 2012-12 | $542,464 |
| 11 | Re-Vision Inc | 427 Golfview Ct, Murfreesboro, TN 37127-7133 | TN | 2010-09 | $520,984 |
| 12 | Launchyourcity Launchmemphis, Launchmemphis | 516 Tennessee St No 133, Memphis, TN 38103 | TN | 2009-07 | $476,473 |
| 13 | Rhea Economic And Tourism Council Inc | 107 Main St, Dayton, TN 37321-1320 | TN | 1998-09 | $447,227 |
| 14 | Tennessee Valley Corridor Inc | 105 Mitchell Rd Ste 201, Oak Ridge, TN 37830-8040 | TN | 2000-09 | $232,777 |
| 15 | Main Street Dayton | 107 Main St, Dayton, TN 37321-1320 | TN | 2011-02 | $205,172 |
| 16 | Southbrook Properties | 3160 High Meadow Dr, Memphis, TN 38128-4209 | TN | 2014-07 | $114,008 |
| 17 | Southeast Regional Development Corporation | 4600 Cromwell Ave Ste 101, Memphis, TN 38118-6341 | TN | 1996-09 | $64,195 |
| 18 | Williamson Works Inc | 389-A Nichol Mill Ln Ste 101, Franklin, TN 37067 | TN | 2001-03 | $32,104 |
| 19 | Tennessee Industrial Renewal Network Inc | 2918 E Magnolia Ave Ste 150, Knoxville, TN 37914-4517 | TN | 1994-09 | $27,448 |
| 20 | Tri-Cities Tennessee-Virginia Regional Partnership Inc | 3211 N Roan St, Johnson City, TN 37601-1213 | TN | 2001-12 | $2,236 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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