Eden Economic Development Corporation in Eden, Texas (TX)
Table of contents:
| Eden Economic Development Corporation | |
| Employer Identification Number (EIN) | 752653806 |
| Name of Organization | Eden Economic Development Corporation |
| Address | PO BOX 915, Eden, TX 76837-0915 |
| Activities | Attracting new industry or retaining industry in an area |
| Subsection | Charitable Organization |
| Ruling Date | 03/1998 |
| 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 | 07/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $483,092 |
| Amount of Income | $88,011 |
| Form 990 Revenue Amount | $88,011 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2014: $88,011 (it was $75,059 in 2013)
| Eden Economic Development Corporation: | $88,011 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2014: $483,092 (it was $469,786 in 2013)
| This organization: | $483,092 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2014: $68,603
| This organization: | $68,603 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2014: 1.3
| Eden Economic Development Corporation: | 1.3 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2014: 0.0%
| Eden Economic Development Corporation: | 0.0% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $90,435 | $166,727 | $75,059 | $88,011 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $82,126 | $134,241 | $56,267 | $57,580 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $8,309 | $11,673 | $13,010 | $12,383 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $3,009 | $9,565 |
| Gross income from gaming | $0 | $0 | $56,972 | $0 |
| Gross income from fundraising events | $0 | $0 | $0 | $9,565 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $53,963 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $20,813 | $2,773 | $8,483 |
| Total expenses | $75,193 | $187,966 | $81,351 | $68,603 |
| Total net assets | $184,212 | $165,805 | $253,100 | $272,508 |
| Excess/Deficit for the year | $15,242 | $-21,239 | $-6,292 | $19,408 |
| Net assets or fund balances at beginning of year | $168,343 | $184,212 | $259,392 | $253,100 |
| Other changes in net assets or fund balances | $627 | $2,832 | $0 | $0 |
| Net assets or fund balances at end of year | $165,805 | $253,100 | $272,508 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $515,185 | $481,940 | $469,786 | $483,092 |
| Total liabilities | $330,973 | $316,135 | $216,686 | $210,584 |
| Net assets or fund balances | $184,212 | $165,805 | $253,100 | $272,508 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | Yes | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii) |
| 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 | Whole Planet Foundation | 550 Bowie St, Austin, TX 78703-4644 | TX | 2007-07 | $12,991,792 |
| 3 | Galveston Port Facilities Corporation | 123 Rosenberg 8th Flr, Galveston, TX 77550-1403 | TX | 2005-03 | $8,492,729 |
| 4 | San Antonio Economic Development Corporation | 100 Military Plz, San Antonio, TX 78205-2425 | TX | 2014-09 | $3,066,006 |
| 5 | Greater San Marcos Economic Development Corporation | 202 N C M Allen Pkwy, San Marcos, TX 78666-5732 | TX | 2010-08 | $1,147,239 |
| 6 | Taylor Economic Development | PO BOX 975, Taylor, TX 76574-0975 | TX | 1995-04 | $918,059 |
| 7 | Wharton Economic Development Corp | 1944 N Fulton St, Wharton, TX 77488-2845 | TX | 2001-11 | $706,572 |
| 8 | Anna Community Development Corporation | PO BOX 776, Anna, TX 75409-0776 | TX | 2011-06 | $394,370 |
| 9 | Anna Economic Development Corporation | PO BOX 776, Anna, TX 75409-0776 | TX | 2011-03 | $372,375 |
| 10 | West Columbia Economic Development Corporation | PO BOX 487, West Columbia, TX 77486-0487 | TX | 2002-10 | $343,479 |
| 11 | Promote Houston Ship Channel 2014 Inc | 111 East Loop N, Houston, TX 77029-4326 | TX | 2014-04 | $300,000 |
| 12 | Downtown Amarillo Inc | PO BOX 15108, Amarillo, TX 79105-5108 | TX | 2011-08 | $290,431 |
| 13 | Lake Highlands Improvement District Corporation | 9090 Skillman 182-A Pmb 101, Dallas, TX 75243-8278 | TX | 2011-01 | $261,566 |
| 14 | Row House Community Development | PO BOX 14091, Houston, TX 77221-4091 | TX | 2004-01 | $240,562 |
| 15 | The City Of Refuge Of Houston Inc | 4170 W Greens Rd, Houston, TX 77066-4850 | TX | 2000-11 | $231,403 |
| 16 | Knox Street Improvement District Corporation | 8115 Preston Road, Dallas, TX 75225-6330 | TX | 2011-07 | $204,089 |
| 17 | United Brownsville Coordinating Board Inc | 1301 E Madison St, Brownsville, TX 78520-5757 | TX | 2012-01 | $203,095 |
| 18 | Mannaworks, Sharefest Waco | PO BOX 5383, Waco, TX 76708-0383 | TX | 2010-02 | $185,765 |
| 19 | 501 Procter Street Inc | 4173 39th St, Port Arthur, TX 77642-2227 | TX | 2014-09 | $183,286 |
| 20 | Tye Industrial Development Corporation Inc, Tidco | PO BOX 125, Tye, TX 79563-0125 | TX | 2006-08 | $164,504 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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