Lake City Downtown Improvement And Revitalization Team Inc in Lake City, Colorado (CO)
Table of contents:
| Lake City Downtown Improvement And Revitalization Team Inc | |
| Employer Identification Number (EIN) | 550880077 |
| Name of Organization | Lake City Downtown Improvement And Revitalization Team Inc |
| Address | PO BOX 973, Lake City, CO 81235-0973 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2006 |
| 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 | $82,664 |
| Amount of Income | $114,066 |
| Form 990 Revenue Amount | $65,861 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community Improvement, Capacity Building (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $39,462 | $62,643 | $65,861 |
| Contributions, gifts, grants, and similar amounts received | $36,282 | $54,929 | $45,200 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $173 | $85 | $117 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $1,770 | $7,570 | $19,738 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $40,982 | $47,896 | $65,972 |
| Less: direct expenses from gaming and fundraising events | $39,212 | $40,326 | $46,234 |
| Gross profit/loss from sales of inventory | $940 | $-331 | $302 |
| Gross sales of inventory, less returns and allowances | $1,296 | $6,294 | $2,273 |
| Less: cost of goods sold | $356 | $6,625 | $1,971 |
| Other revenue | $297 | $390 | $504 |
| Total expenses | $49,002 | $51,632 | $53,582 |
| Total net assets | $57,141 | $68,152 | $80,431 |
| Excess/Deficit for the year | $-9,540 | $11,011 | $12,279 |
| Net assets or fund balances at beginning of year | $66,681 | $57,141 | $68,152 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $68,152 | $80,431 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $59,360 | $70,015 | $82,664 |
| Total liabilities | $2,219 | $1,863 | $2,233 |
| Net assets or fund balances | $57,141 | $68,152 | $80,431 |
| 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: (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 | $510,707 |
| Subtotal | $510,707 |
| Gifts, grants, contributions, and membership fees received | $252,208 |
| 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 | $258,499 |
| 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 | $512,841 |
| Public support | $510,707 |
| Subtotal | $1,108 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,108 |
| 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 | $1,026 |
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| Other organizations in Colorado | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Labors Community Agency Inc | 5965 E 39th Ave, Denver, CO 80207-1231 | CO | 1971-08 | $562,592 |
| 2 | Lacrosse Outreach Foundation | 14152 W 4th Ave, Golden, CO 80401-5218 | CO | 1994-05 | $340,525 |
| 3 | Lacy Foundation 05-15-1998 | PO BOX 4644, Buena Vista, CO 81211-4644 | CO | $17,825 | |
| 4 | Ladd Foundation | 1520 W Canal Ct Ste 220, Littleton, CO 80120-5651 | CO | 1994-12 | $732,665 |
| 5 | Ladies Relief Society Of Denver, The Argyle | 4115 W 38th Ave, Denver, CO 80212-1923 | CO | 1942-06 | $5,179,433 |
| 6 | Lafayette Chamber Of Commerce | 1290 S Public Rd, Lafayette, CO 80026-2706 | CO | 1991-04 | $418,316 |
| 7 | Laff Foundation Inc | 7781 E 8th Ave, Denver, CO 80230-6105 | CO | 1948-10 | $18,083 |
| 8 | Lagoon Beach Residents Association Inc | 1999 Broadway Ste 1000, Denver, CO 80202-5704 | CO | 1992-10 | $244,813 |
| 9 | Lake Canal Company | 730 Ash Mesa Rd, Delta, CO 81416-8770 | CO | 1979-11 | $98,025 |
| 10 | Lake City Chamber Of Commerce | PO BOX 430, Lake City, CO 81235-0430 | CO | 1992-06 | $119,368 |
| 11 | Lake City Downtown Improvement And Revitalization Team Inc | PO BOX 973, Lake City, CO 81235-0973 | CO | 2006-11 | $114,066 |
| 12 | Lake County Build A Generation | PO BOX 1302, Leadville, CO 80461-1302 | CO | 2001-08 | $17,535 |
| 13 | Lake County Civic Center Association | PO BOX 962, Leadville, CO 80461-0962 | CO | 1972-10 | $45,065 |
| 14 | Lake Dillon Foundation For The Performing Arts | PO BOX 2625, Dillon, CO 80435-2625 | CO | 1993-08 | $943,117 |
| 15 | Lake Eldora Racing Team Association | 17501 30th Street Suite 431, Boulder, CO 80301 | CO | 1975-12 | $750,507 |
| 16 | Lake Forest Water Co | PO BOX 325, Grand Lake, CO 80447-0325 | CO | 1962-12 | $87,172 |
| 17 | Lake Fork Community Foundation | PO BOX 322, Lake City, CO 81235-0322 | CO | 1994-10 | $41,192 |
| 18 | Lake Fork Hunting & Fishing Club | 5501 Lake Fork Dr, Lake City, CO 81235-9708 | CO | 1980-03 | $103,031 |
| 19 | Lake Fork Valley Conservancy | PO BOX 123, Lake City, CO 81235-0123 | CO | 1999-05 | $290,784 |
| 20 | Lake Henry Reservoir Company | 331 Main St, Ordway, CO 81063-1302 | CO | 1952-12 | $71,955 |
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