Richmond Entrepreneurs Assistance Program in Richmond, Virginia (VA)
Table of contents:
| Richmond Entrepreneurs Assistance Program | |
| Employer Identification Number (EIN) | 273675190 |
| Name of Organization | Richmond Entrepreneurs Assistance Program |
| Address | 2106 N Hamilton St Ste B, Richmond, VA 23230-4120 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2012 |
| 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 | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $15,323 |
| Amount of Income | $60,778 |
| Form 990 Revenue Amount | $60,778 |
| National Taxonomy of Exempt Entities (NTEE) | Employment, Job-Related: Vocational Rehabilitation |
Non-representatives - add comments:
Amount of income in 2013: $60,778 (it was $79,649 in 2012)
| This organization: | $60,778 |
| Other organizations performing similar types of work: | $187,913 |
Assets in 2013: $15,323 (it was $8,173 in 2012)
| This organization: | $15,323 |
| Other organizations performing similar types of work: | $75,314 |
Expenses in 2013: $73,390
| Richmond Entrepreneurs Assistance Program: | $73,390 |
| Other organizations performing similar types of work: | $168,511 |
Income to expenses ratio in 2013: 0.8
| Richmond Entrepreneurs Assistance Program: | 0.8 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 86.8%
| Richmond Entrepreneurs Assistance Program: | 86.8% |
| Other organizations performing similar types of work: | 52.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $79,649 | $60,778 |
| Contributions, gifts, grants, and similar amounts received | $90,169 | $52,752 |
| Program service revenue including government fees and contracts | $0 | $8,026 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-10,520 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $76,013 | $73,390 |
| Total net assets | $3,636 | $-8,976 |
| Excess/Deficit for the year | $3,636 | $-12,612 |
| Net assets or fund balances at beginning of year | $0 | $3,636 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $3,636 | $-8,976 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $8,173 | $15,323 |
| Total liabilities | $4,537 | $24,299 |
| Net assets or fund balances | $3,636 | $-8,976 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 | $169,350 |
| Subtotal | $169,350 |
| Gifts, grants, contributions, and membership fees received | $142,921 |
| 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 | $26,429 |
| 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 | $169,350 |
| Public support | $169,350 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Vocational Development Foundation | 1943 Se 6th Ave, Portland, OR 97214-4508 | OR | 2000-08 | $26,819,472 |
| 2 | Servicesource Employment Services Inc | 10467 White Granite Drive, Oakton, VA 22124-2763 | VA | 2001-07 | $6,756,045 |
| 3 | Transititonal Work Corporation | 100 S Broad St Ste 7th Fl, Philadelphia, PA 19110-1024 | PA | 1999-03 | $26,228,007 |
| 4 | Societys Assets Incorporated | 5200 Washington Ave Ste 225, Racine, WI 53406-4238 | WI | 2000-11 | $14,706,257 |
| 5 | Wiregrass Rehabilitation Center Inc | 795 Ross Clark Cir Ste 1, Dothan, AL 36303-5306 | AL | 1988-11 | $11,091,455 |
| 6 | Relief Enterprise Inc | PO BOX 15088, Austin, TX 78761-5088 | TX | 1997-01 | $8,128,596 |
| 7 | Able Solutions Inc, Asi | 801 Friendship Dr, Rockingham, VA 22802-4566 | VA | 2014-01 | $2,564,715 |
| 8 | Manufacturing Skill Standards Council | 901 N Washington St, Alexandria, VA 22314-5509 | VA | 2002-11 | $2,522,539 |
| 9 | Boaz And Ruth Inc | 3030 Meadowbridge Rd, Richmond, VA 23222-3145 | VA | 2002-07 | $913,989 |
| 10 | Green Olive Tree Inc | PO BOX 36, Crozet, VA 22932-0036 | VA | 1996-05 | $113,843 |
| 11 | National Rehabilitation & Rediscovery Foundation Inc | PO BOX 41226, Arlington, VA 22204-8226 | VA | 1996-10 | $107,882 |
| 12 | Mountain Creek Farms Inc | 398 S Creek Rd, Elkton, VA 22827-4630 | VA | 2011-11 | $64,890 |
| 13 | Richmond Entrepreneurs Assistance Program | 2106 N Hamilton St Ste B, Richmond, VA 23230-4120 | VA | 2012-05 | $60,778 |
| 14 | National Organization Of Rehabilitation Partners | 1199 N Fairfax St Ste 702, Alexandria, VA 22314-1437 | VA | 2002-01 | $117 |
| 15 | Azeem Enterprises Inc, Mikel S Mill Creek Culinary Center | 49 Scotland Rd, Hampton, VA 23663-1429 | VA | 2002-09 | $0 |
| 16 | Bridging Education Training And Achievement, Beta | 1737 Clarkson Road, Richmond, VA 23224 | VA | 2011-06 | $0 |
| 17 | Family Foundation Of Northern Virginia Inc | Pobox 1112, Newington, VA 22122 | VA | 2007-06 | $0 |
| 18 | Hero Company | 1515 Jefferson Davis Hwy Ste Ph-10, Arlington, VA 22202-3314 | VA | 2010-03 | $0 |
| 19 | Operation Moving Beyond Incorporated | 121 E Marshall St, Richmond, VA 23219 | VA | 2009-06 | $0 |
| 20 | Unique & Awesome Things Inc | PO BOX 1676, Grundy, VA 24614-1676 | VA | 2005-04 | $0 |
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