Corning Economic Development Corporation in Corning, Arkansas (AR)

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Corning Economic Development Corporation
Employer Identification Number (EIN)451282918
Name of OrganizationCorning Economic Development Corporation
In Care of NameDuane Blanchard
AddressP O Box 813, Corning, AR 72422
SubsectionBoard of Trade
Ruling Date09/2011
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$40,806
Amount of Income$89,188
Form 990 Revenue Amount$89,188
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Promotion of Business


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Amount of income in 2013: $89,188 (it was $0 in 2012)
This organization: 

 $89,188
Other organizations performing similar types of work: 

 $88,861

Assets in 2013: $40,806 (it was $0 in 2012)
This organization: 

 $40,806
Other organizations performing similar types of work: 

 $51,691

Expenses in 2011: $48,382
This organization: 

 $48,382
Other organizations performing similar types of work: 

 $80,127

Income to expenses ratio in 2011: 1.8
This organization: 

 1.8
Other organizations performing similar types of work: 

 0.8

Grants share in income in 2011: 0.0%
Corning Economic Development Corporation: 

 0.0%
Other organizations performing similar types of work: 

 1.0%

Financial snapshot ($)

Revenue for 2011

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$89,188
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$89,100
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$88
Gross income from gaming$88
Gross income from fundraising events$0
Less: direct expenses from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$48,382
Total net assets$40,806
Excess for the year$40,806
Net assets or fund balances at beginning of year$0
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$40,806
Total liabilities$0
Net assets or fund balances$40,806
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Retail Merchant Assn Of Tidewater Va Inc, Ta Retail Alliance838 Granby St, Norfolk, VA 23510-2051VA2008-09$17,149,516
2San Joaquin Valley Winegrowers Association7030 N Fruit Avenue, Fresno, CA 93711-0782CA2008-11$175,202
3441 Heritage Corridor Inc300 North Thomas Street, Athens, GA 30601GA2000-07$56,377
4Wynne Economic Development CorporationPO BOX 234, Wynne, AR 72396-0234AR2013-11$781,869
5Texas Equine Veterinary Association1015 N West Ave 212, El Dorado, AR 71730-4660AR2010-03$285,635
6North Central Board Of Realtors Inc721 N College St, Mountain Home, AR 72653-2409AR2009-10$117,700
7Ouachita River Valley AssociationPO BOX 913, Camden, AR 71711-0913AR2011-01$89,869
8Corning Economic Development CorporationP O Box 813, Corning, AR 72422AR2011-09$89,188
9Arkansas Medical Group Management Association2504 Alexander Dr 345, Jonesboro, AR 72401-7175AR2011-06$88,896
10Arkansas Water Well Contractors Assoc245 Mc 7001, Flippen, AR 72634AR2011-11$88,462
11Truck Writers Of North America Incorporated1123 S University Ave, Little Rock, AR 72204-1650AR2006-06$85,094
12Rector Downtown Central Inc324 S Main St, Rector, AR 72461-1705AR2009-08$74,770
13Arkansas State Association Of Life UnderwritersPO BOX 26038, Little Rock, AR 72221-6038AR2014-03$66,449
14Conway County Liquor Association3 Carl Hoelzeman Ln, Morrilton, AR 72110-8952AR2010-04$55,511
15Arkansas Auctioneers AssnPo Box 26142, Little Rock, AR 72221AR2010-11$48,667
16Arkansas Emergency Management Association Inc, AemaPO BOX 578, Star City, AR 71667-0578AR2011-02$46,763
17Twin Lakes Economic Development CorporationPO BOX 1378, Mountain Home, AR 72654-1378AR2000-01$36,245
18Specialty Sterile Pharmaceutical Society7700 Northshore Pl, N Little Rock, AR 72118-5298AR2013-09$30,553
19The Spring River Area Chamber Of Commerce Inc2852 Hwy 62 412, Hardy, AR 72542AR2013-02$30,119
20Home Builders Association Of Greater Hot SpringsPO BOX 1046, Hot Springs, AR 71902-1046AR2011-08$28,237
Number of organizations performing similar types of work
Alaska94
Alabama235
Arkansas185
Arizona346
California1,926
Colorado437
Connecticut191
District of Columbia411
Delaware63
Florida987
Georgia500
Hawaii127
Iowa226
Idaho137
Illinois781
Indiana331
Kansas211
Kentucky222
Louisiana232
Massachusetts358
Maryland360
Maine108
Michigan504
Minnesota341
Missouri377
Mississippi119
Montana114
North Carolina452
North Dakota65
Nebraska146
New Hampshire92
New Jersey401
New Mexico156
Nevada171
New York967
Ohio640
Oklahoma208
Oregon366
Pennsylvania679
Rhode Island73
South Carolina192
South Dakota91
Tennessee282
Texas1,208
Utah166
Virginia613
Vermont69
Washington451
Wisconsin359
West Virginia109
Wyoming44
International34
Total17,957

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