Downtown Portage Inc in Portage, Wisconsin (WI)
Table of contents:
| Downtown Portage Inc | |
| Employer Identification Number (EIN) | 270063961 |
| Name of Organization | Downtown Portage Inc |
| In Care of Name | Sue Taylor |
| Address | PO BOX 61, Portage, WI 53901-0061 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2003 |
| 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 | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $148,110 |
| Amount of Income | $139,107 |
| Form 990 Revenue Amount | $139,107 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $139,107 (it was $151,956 in 2012)
| Downtown Portage Inc: | $139,107 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $148,110 (it was $177,004 in 2012)
| This organization: | $148,110 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $143,766
| Downtown Portage Inc: | $143,766 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 1.0
| Downtown Portage Inc: | 1.0 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 23.5%
| Downtown Portage Inc: | 23.5% |
| 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 | $160,677 | $151,956 | $139,107 |
| Contributions, gifts, grants, and similar amounts received | $61,011 | $56,468 | $32,668 |
| Program service revenue including government fees and contracts | $98,285 | $95,449 | $106,401 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $31 | $39 | $38 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $1,350 | $0 | $0 |
| Total expenses | $149,537 | $133,747 | $143,766 |
| Total net assets | $92,365 | $110,574 | $105,916 |
| Excess/Deficit for the year | $11,140 | $18,209 | $-4,659 |
| Net assets or fund balances at beginning of year | $81,225 | $92,365 | $110,575 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $110,574 | $105,916 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $160,791 | $177,004 | $148,110 |
| Total liabilities | $68,426 | $66,430 | $42,194 |
| Net assets or fund balances | $92,365 | $110,574 | $105,916 |
| 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 | Yes | |
| 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 | $781,942 |
| Subtotal | $781,942 |
| Gifts, grants, contributions, and membership fees received | $339,229 |
| 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 | $442,713 |
| 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 | $782,322 |
| Public support | $781,942 |
| Subtotal | $380 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $380 |
| 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 | West River Foundation For Economic And Community Development | PO BOX 605, Sturgis, SD 57785-0605 | SD | 2000-10 | $1,093,865 |
| 2 | Madison Region Economic Partnership Inc | 615 E Washington Ave, Madison, WI 53703-2952 | WI | 2010-04 | $462,619 |
| 3 | Washington County Economic Development Corp | 2151 N Main St, West Bend, WI 53090-1031 | WI | 2007-09 | $317,987 |
| 4 | Downtown Fond Du Lac Partnership Inc | 30 S Portland St, Fond Du Lac, WI 54935-4216 | WI | 2014-04 | $281,417 |
| 5 | Langlade County Community Development Corporation | 837 Clermont Street, Antigo, WI 54409 | WI | 2009-04 | $271,769 |
| 6 | Shawano County Economic Progress Inc | 1263 S Main St, Shawano, WI 54166-3346 | WI | 2004-10 | $197,852 |
| 7 | Economic Development Corporation Of Manitowoc County Foundation | PO BOX 813, Manitowoc, WI 54221-0813 | WI | 2006-10 | $181,882 |
| 8 | Sector67 Inc, Sector67 | 2100 Winnebago St Room 102, Madison, WI 53704-5319 | WI | 2013-03 | $158,289 |
| 9 | Vilas County Economic Development Corporation Inc | 330 Court Street, Eagle River, WI 54521 | WI | 2009-11 | $148,012 |
| 10 | Washburn County Economic Development Corporation | 208 Vine Street, Spooner, WI 54801 | WI | 2010-03 | $117,330 |
| 11 | Lake Mills Main Street Program Inc | 200e Water St, Lake Mills, WI 53551-1632 | WI | 2014-02 | $100,527 |
| 12 | Crawford County Economic Development Corporation | 225 N Beaumont Rd Ste 139, Pr Du Chien, WI 53821-1445 | WI | 2011-04 | $79,496 |
| 13 | Absolutely Waterford Inc | 104 E Main Street, Waterford, WI 53185 | WI | 2012-01 | $42,456 |
| 14 | Southwest Wisconsin Economic Development Cooperative, Prosperity Southwest Wisconsin | 1800 Bronson Blvd, Fennimore, WI 53809 | WI | 2013-04 | $16,652 |
| 15 | Southeast Asian Educational Development Of Wisconsin Inc | 3616 W National Avenue Suite 99, Milwaukee, WI 53215 | WI | 2012-02 | $8,100 |
| 16 | Atkinson Avenue Community Development Corporation | 1616 W Atkinson Ave, Milwaukee, WI 53206-2438 | WI | 2008-03 | $0 |
| 17 | Critical Mass Inc | Po Box 27, Sun Prairie, WI 53590 | WI | 2014-08 | $0 |
| 18 | Downtown Beaver Dam Incorporated | 221 Front St, Beaver Dam, WI 53916 | WI | 2013-02 | $0 |
| 19 | Downtown Janesville Inc | PO BOX 698, Janesville, WI 53547 | WI | 2004-04 | $0 |
| 20 | East Tosa Alliance Inc | 2466 N 72nd St, Milwaukee, WI 53213-1204 | WI | 2014-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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