Business Innovation Center At Fl State University Panama City in Panama City, Florida (FL)

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Business Innovation Center At Fl State University Panama City
Employer Identification Number (EIN)593073391
Name of OrganizationBusiness Innovation Center At Fl State University Panama City
In Care of NameLewis Baber
Address4750 Collegiate Dr, Panama City, FL 32405-1000
ActivitiesAttracting new industry or retaining industry in an area
SubsectionCharitable Organization
Ruling Date04/1993
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$402,693
Amount of Income$68,869
Form 990 Revenue Amount$68,869


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Financial snapshot ($)

Revenue for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$46,614
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$46,602
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$12
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$74,364
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$74,364
Balance Sheet (for 2012)
Total assets$466,649
Total liabilities$101,215
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$83,911
Unsecured notes and loans payable to unrelated third parties$0
Other$17,304
Total net assets or fund balances$365,434
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$572,083
Gifts, grants, contributions, and membership fees received$0
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$569,800
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$2,283
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