Olde Towne Business Association in Portsmouth, Virginia (VA)
Table of contents:
| Olde Towne Business Association | |
| Employer Identification Number (EIN) | 540701483 |
| Name of Organization | Olde Towne Business Association |
| Address | PO BOX 1400, Portsmouth, VA 23705-1400 |
| Activities | Business promotion (chamber of commerce, business league, etc.) |
| Subsection | Business League |
| Ruling Date | 10/1963 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $7,163 |
| Amount of Income | $45,170 |
| Form 990 Revenue Amount | $39,671 |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $44,509 | $40,251 | $39,671 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $35,931 | $31,757 | $32,801 |
| Membership dues and assessments | $10,000 | $8,563 | $8,534 |
| 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 | $-1,421 | $-284 | $-2,434 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $5,514 | $3,111 | $3,065 |
| Less: direct expenses from gaming and fundraising events | $6,936 | $3,396 | $5,499 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $215 | $770 |
| Total expenses | $47,059 | $38,179 | $37,942 |
| Total net assets | $3,763 | $5,834 | $7,163 |
| Excess/Deficit for the year | $-2,549 | $2,071 | $1,728 |
| Net assets or fund balances at beginning of year | $6,312 | $3,763 | $5,435 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $5,834 | $7,163 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $3,763 | $5,834 | $7,163 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $3,763 | $5,834 | $7,163 |
| 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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| Other organizations in Virginia | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Old Dominion University Alumni Association Incorporated | Barry M Kornblau Alumni Center, Norfolk, VA 23529-0001 | VA | 1991-07 | $227,267 |
| 2 | Old Dominion University Communitydevelopment Corporation | 4417 Monarch Way 4th Floor, Norfolk, VA 23508-2548 | VA | 2007-08 | $427,188 |
| 3 | Old Dominion University Institute For Learning In Retirement | 1881 University Dr Ste 125, Virginia Bch, VA 23453-8083 | VA | 2004-11 | $86,655 |
| 4 | Old Dominion Athletic Foundation | 4417 Monarch Way 4th Floor, Norfolk, VA 23508-2548 | VA | 1964-08 | $13,467,807 |
| 5 | Old Guard Association | Po Box 1785, Ft Myer, VA 22211 | VA | 1999-04 | $58,328 |
| 6 | Old High School Renovation Inc | P O Box 1836, Chilhowie, VA 24319 | VA | 2001-01 | $0 |
| 7 | The Old School Invitational Inc | 1021 Garfield Street 823, Alexandria, VA 22201 | VA | 2008-07 | $0 |
| 8 | Old South Country Club Charitable Clarence W Meadows | 10503-B Braddock Road, Fairfax, VA 22032-2244 | VA | 2006-02 | $0 |
| 9 | Old Southwest Inc | 641 Walnut Ave Sw, Roanoke, VA 24016 | VA | 1982-07 | $32,091 |
| 10 | Stafford Junction Inc | 791 Truslow Rd, Fredericksbrg, VA 22406-5108 | VA | 2006-01 | $230,064 |
| 11 | Olde Towne Business Association | PO BOX 1400, Portsmouth, VA 23705-1400 | VA | 1963-10 | $45,170 |
| 12 | Olde Towne Civic League Inc | Po Box 35, Portsmouth, VA 23705 | VA | 1983-05 | $0 |
| 13 | Oldies But Goodies Cocker Rescue Inc | PO BOX 361, Newington, VA 22122-0361 | VA | 1999-09 | $392,876 |
| 14 | Ole Virginia Hams Amateur Radio Club Inc | Po Box 1255, Manassas, VA 20108-1255 | VA | 1981-06 | $0 |
| 15 | Olin & Muriel Prather Charitable Foundation | PO BOX 206, Abingdon, VA 24212-0206 | VA | 1992-03 | $216,625 |
| 16 | Olive Branch International Incorporated | PO BOX 748, Norfolk, VA 23501-0748 | VA | 1994-05 | $203,250 |
| 17 | Oliver Foundation | 2903 Saintsbury Plaza, Fairfax, VA 22031-1165 | VA | 1987-09 | $1,869,931 |
| 18 | Olivet Medical Ministry Inc, Lackey Free Clinic | 1620 Old Williamsburg Rd, Yorktown, VA 23690-3910 | VA | 1998-01 | $7,714,366 |
| 19 | Olympia Community Development Inc | PO BOX 8099, Norfolk, VA 23503-0099 | VA | 2001-12 | $104,758 |
| 20 | Omega Psi Phi Fraternity | 1500 North Lombardy Street, Richmond, VA 23220 | VA | 1967-02 | $226,277 |
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