Downtown Credo Inc in Orlando, Florida (FL)

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Downtown Credo Inc
Employer Identification Number (EIN)272989696
Name of OrganizationDowntown Credo Inc
In Care of NameBen Hoyer
Address2324 E Harding St, Orlando, FL 32806
Websitehttp://www.downtowncredo.com
SubsectionCharitable Organization
Ruling Date11/2010
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 Period2010
Assets$10,000 to $24,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$13,799
Amount of Income$195,406
Form 990 Revenue Amount$160,904
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Philanthropy, Charity, Voluntarism Promotion, General


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Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$77,967
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$9,131
Gross amount from sale of assets other than inventory$9,131
Less: cost or other basis and sales expenses$0
Net income from gaming and fundraising events$3,542
Gross income from gaming$0
Gross income from fundraising events$5,627
Less: direct expenses from gaming and fundraising events$2,085
Gross profit from sales of inventory$65,294
Gross sales of inventory, less returns and allowances$119,721
Less: cost of goods sold$54,427
Other revenue$0
Total expenses$78,734
Total net assets$12,059
Deficit for the year$-767
Net assets or fund balances at beginning of year$12,826
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$12,059
Total liabilities$0
Net assets or fund balances$12,059
Other Information (for 2012)
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 2012)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$1
Gifts, grants, contributions, and membership fees received$1
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$0
Gross receipts from related activities, etc.$0
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