Adams Community Foundation in Corning, Iowa (IA)

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Adams Community Foundation
Employer Identification Number (EIN)421272360
Name of OrganizationAdams Community Foundation
In Care of NameNANCY TURNER
Address710 Davis Avenue, Corning, IA 50841
ActivitiesOther inner city or community benefit activities
SubsectionCharitable Organization
Ruling Date10/1986
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 Period2014
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$221,788
Amount of Income$13,438
Form 990 Revenue Amount$13,438


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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$13,438
Contributions, gifts, grants, and similar amounts received$2,100
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$3,128
Gain from sale of assets other than inventory$8,210
Gross amount from sale of assets other than inventory$168,619
Less: cost or other basis and sales expenses$160,409
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$4,886
Total net assets$221,788
Excess for the year$8,552
Net assets or fund balances at beginning of year$235,477
Other changes in net assets or fund balances$-22,241
Balance Sheets (for 2011)
Total assets$221,788
Total liabilities$0
Net assets or fund balances$221,788
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: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 2011)
2007 - 2011 Total
Total Support$19,944
Gifts, grants, contributions, and membership fees received$11,235
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$8,709
Gross receipts from related activities, etc.$0
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