Logan County Economic Development Corporation in Sterling, Colorado (CO)
Table of contents:
| Logan County Economic Development Corporation | |
| Employer Identification Number (EIN) | 260017546 |
| Name of Organization | Logan County Economic Development Corporation |
| In Care of Name | Michael E Lauer |
| Address | PO BOX 1886, Sterling, CO 80751-7886 |
| 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 | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $221,361 |
| Amount of Income | $115,524 |
| Form 990 Revenue Amount | $115,524 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Rural Development |
Non-representatives - add comments:
Amount of income in 2014: $115,524 (it was $172,208 in 2013)
| Logan County Economic Development Corporation: | $115,524 |
| Other organizations performing similar types of work: | $106,567 |
Assets in 2014: $221,361 (it was $249,296 in 2013)
| This organization: | $221,361 |
| Other organizations performing similar types of work: | $100,623 |
Expenses in 2013: $164,449
| Logan County Economic Development Corporation: | $164,449 |
| Other organizations performing similar types of work: | $113,670 |
Income to expenses ratio in 2013: 0.7
| Logan County Economic Development Corporation: | 0.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 82.9%
| This organization: | 82.9% |
| Other organizations performing similar types of work: | 13.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $177,943 | $177,753 | $172,208 |
| Contributions, gifts, grants, and similar amounts received | $132,995 | $142,132 | $142,736 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $44,700 | $34,750 | $28,850 |
| Investment income | $248 | $871 | $622 |
| 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 | $0 | $0 | $0 |
| Total expenses | $146,642 | $145,597 | $164,449 |
| Total net assets | $209,381 | $241,537 | $249,296 |
| Excess/Deficit for the year | $31,301 | $32,156 | $7,759 |
| Net assets or fund balances at beginning of year | $178,080 | $209,381 | $241,537 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $241,537 | $249,296 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $209,381 | $241,537 | $249,296 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $209,381 | $241,537 | $249,296 |
| 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 | $849,970 |
| Subtotal Support | $849,970 |
| Gifts, grants, contributions, and membership fees received | $849,970 |
| 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 | $853,485 |
| Public Support | $849,970 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,206 |
| 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 | $1,309 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Virginia Coalfield Coalition Inc | PO BOX 548, Lebanon, VA 24266-0548 | VA | 2000-02 | $7,880,145 |
| 2 | Technology Ventures Corporation | 1155 University Blvd Se, Albuquerque, NM 87106-4320 | NM | 1996-01 | $2,602,426 |
| 3 | Icast Internationl Center For Appropriate & Sustanabl Technology | 777 S Wadsworth Blvd Ste 4205, Lakewood, CO 80226-4377 | CO | 2005-03 | $2,382,603 |
| 4 | Rural Development Corp | 6140 Mays Landing Rd, Vineland, NJ 08361-7651 | NJ | 1976-07 | $2,316,090 |
| 5 | Rural Consumer Services Corporation | PO BOX 826, Shallotte, NC 28459-0826 | NC | 2000-08 | $1,660,845 |
| 6 | Kurdistan Regional Government -Liaison Office - Usa | 1532 16th St Nw, Washington, DC 20036-1402 | DC | 2013-08 | $1,610,542 |
| 7 | Vermont Council On Rural Development Inc | PO BOX 1384, Montpelier, VT 05601-1384 | VT | 1998-03 | $1,333,733 |
| 8 | Rural Development Foundation | 111 W Main St, Antlers, OK 74523-2029 | OK | 2003-05 | $1,055,000 |
| 9 | Southern Arizona Land Trust Inc | 1700 E Fort Lowell Rd Ste 102, Tucson, AZ 85719-2395 | AZ | 2009-04 | $923,231 |
| 10 | Connect Si Foundation Incorporated | 3000 W Deyoung St 800-B, Marion, IL 62959-5558 | IL | 2009-09 | $675,314 |
| 11 | Bent County Development Foundation | 332 Ambassador Thompson Blvd, Las Animas, CO 81054 | CO | 2004-03 | $163,499 |
| 12 | Northwest Douglas County Economic Development Corporation | 8351 N Rampart Range Rd Unit 111, Littleton, CO 80125-9364 | CO | 2012-02 | $122,592 |
| 13 | Logan County Economic Development Corporation | PO BOX 1886, Sterling, CO 80751-7886 | CO | 2006-11 | $115,524 |
| 14 | Delta County Economic Development Inc | PO BOX 627, Delta, CO 81416-0627 | CO | 2009-06 | $104,195 |
| 15 | Cuchara Foundation Inc | 137 Cuchara Ave E, La Veta, CO 81055-9783 | CO | 2013-11 | $67,009 |
| 16 | Colorado Rural Development Council Inc | 2738 S Newton St, Denver, CO 80236-2246 | CO | 2004-02 | $54,641 |
| 17 | Sagremi Foundation | 2893 S Walden Way, Aurora, CO 80013-6483 | CO | 2000-09 | $10,180 |
| 18 | Eastern Colorado Development Association Inc | Po Box 431, Wiggins, CO 80654 | CO | 2004-03 | $0 |
| 19 | Institute For Civic Achievement Inc | 1108 Westlook Dr, Glenwood Springs, CO 81601 | CO | 2007-06 | $0 |
| 20 | Karval Community Alliance Inc | Po Box 37, Karval, CO 80823 | CO | 2010-08 | $0 |
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