Salem-Roanoke County Chamber Of Commerce Foundation Inc in Salem, Virginia (VA)
Table of contents:
| Salem-Roanoke County Chamber Of Commerce Foundation Inc | |
| Employer Identification Number (EIN) | 542025637 |
| Name of Organization | Salem-Roanoke County Chamber Of Commerce Foundation Inc |
| In Care of Name | Charles H Osterhoudt |
| Address | 611 E Main St, Salem, VA 24153-4311 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2002 |
| 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 | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $78,825 |
| Amount of Income | $153,619 |
| Form 990 Revenue Amount | $73,034 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Educational Services and Schools - Other |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $17,345 | $24,308 | $73,034 |
| Contributions, gifts, grants, and similar amounts received | $1,000 | $2,000 | $55,980 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $22 | $5 | $474 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $2,523 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $53,027 |
| Less: cost or other basis and sales expenses | $0 | $0 | $50,504 |
| Net income/loss from gaming and fundraising events | $16,323 | $22,303 | $14,057 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $41,166 | $46,462 | $44,138 |
| Less: direct expenses from gaming and fundraising events | $24,843 | $24,159 | $30,081 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $23,355 | $9,064 | $13,071 |
| Total net assets | $3,618 | $18,862 | $78,825 |
| Excess/Deficit for the year | $-6,010 | $15,244 | $59,963 |
| Net assets or fund balances at beginning of year | $9,628 | $3,618 | $18,862 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $18,862 | $78,825 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $3,618 | $18,862 | $78,825 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $3,618 | $18,862 | $78,825 |
| 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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $11,379 |
| Subtotal Support | $11,379 |
| Gifts, grants, contributions, and membership fees received | $11,379 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $11,921 |
| Public Support | $11,379 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $542 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Other organizations in Virginia | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Salem High School Choral Parents Association | 1993 Sundevil Dr, Virginia Bch, VA 23464-8905 | VA | 1998-10 | $179,575 |
| 2 | Salem Historical Society | 801 E Main St, Salem, VA 24153-4312 | VA | 1980-01 | $277,748 |
| 3 | Salem Lodge 2573 Loyal Order Of Moose, 2573 | PO BOX 1188, Salem, VA 24153-1188 | VA | 1940-05 | $335,084 |
| 4 | Salem Ministers Conference Community Food Pantry | PO BOX 288, Salem, VA 24153-0288 | VA | 2007-03 | $707,501 |
| 5 | Salem Rescue Squad Inc | PO BOX 291, Salem, VA 24153-0291 | VA | 1980-07 | $132,945 |
| 6 | Salem Research Institute Inc, Lynne Muffett | 1970 Roanoke Bl Salem Vamc 151, Salem, VA 24153 | VA | 1993-01 | $482,374 |
| 7 | Salem Sabres Football Club | 944 Kenbridge Pl, Salem, VA 24153-2628 | VA | 2008-12 | $57,283 |
| 8 | Salem Sports Foundation Inc | PO BOX 642, Salem, VA 24153-0642 | VA | 1967-12 | $53,235 |
| 9 | Salem Volunteer Fire Department Incorporated | PO BOX 1254, Culpeper, VA 22701-6254 | VA | 2011-01 | $2,421,474 |
| 10 | Salem-Roanoke County Chamber Of Commerce | PO BOX 832, Salem, VA 24153-0832 | VA | 1942-10 | $255,140 |
| 11 | Salem-Roanoke County Chamber Of Commerce Foundation Inc | 611 E Main St, Salem, VA 24153-4311 | VA | 2002-04 | $153,619 |
| 12 | Salisbury Homeowners Association | PO BOX 1024, Midlothian, VA 23113-1024 | VA | 2003-07 | $138,924 |
| 13 | Salt Institute | 700 N Fairfax St Ste 600, Alexandria, VA 22314-2085 | VA | 1959-03 | $2,772,458 |
| 14 | Saltsville Volunteer Fire Dept Inc | PO BOX 930, Saltville, VA 24370-0930 | VA | 1996-03 | $79,707 |
| 15 | Saltville Community Chest | 32349 Poor Valley Rd, Saltville, VA 24370-3527 | VA | 1953-08 | $2,658 |
| 16 | Saltville Foundation | 32349 Poor Valley Rd, Saltville, VA 24370-3527 | VA | 1997-02 | $64,736 |
| 17 | Saltville Health Center Commission, Saltville Medical Center | PO BOX 729, Saltville, VA 24370-0729 | VA | 1983-07 | $128,001 |
| 18 | Saltville Rescue Squad Inc | 126 Battleground Ave, Saltville, VA 24370-3387 | VA | 1962-06 | $355,002 |
| 19 | Salute Our Services Inc | 2100 Reston Parkway Suite 300, Reston, VA 20191 | VA | 2002-11 | $0 |
| 20 | Salvadoran Children Of The Poor Education Foundation Inc | 1921 Gallows Rd Ste 750, Vienna, VA 22182-4051 | VA | 2006-05 | $55,038 |
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