Mason City Downtown Association in Mason City, Iowa (IA)
Table of contents:
| Mason City Downtown Association | |
| Employer Identification Number (EIN) | 481256121 |
| Name of Organization | Mason City Downtown Association |
| Address | 9 N Federal Ave, Mason City, IA 50401-3250 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 05/2003 |
| 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 | 06/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $38,148 |
| Amount of Income | $156,604 |
| Form 990 Revenue Amount | $121,268 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Education (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 | $42,333 | $71,826 | $121,268 |
| Contributions, gifts, grants, and similar amounts received | $35,950 | $66,210 | $113,943 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $202 | $30 | $19 |
| Gain/Loss from sale of assets other than inventory | $2,400 | $3,075 | $0 |
| Net income/loss from gaming and fundraising events | $3,781 | $2,511 | $7,306 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $20,337 | $30,790 | $42,642 |
| Less: direct expenses from gaming and fundraising events | $16,556 | $28,279 | $35,336 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $105,094 | $53,094 | $107,727 |
| Total net assets | $3,050 | $21,782 | $35,323 |
| Excess/Deficit for the year | $-62,761 | $18,732 | $13,541 |
| Net assets or fund balances at beginning of year | $65,811 | $3,050 | $21,782 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $21,782 | $35,323 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $4,252 | $24,374 | $38,148 |
| Total liabilities | $1,202 | $2,592 | $2,825 |
| Net assets or fund balances | $3,050 | $21,782 | $35,323 |
| 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 | $437,867 |
| Subtotal Support | $437,867 |
| Gifts, grants, contributions, and membership fees received | $437,867 |
| 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 | $568,902 |
| Public Support | $437,867 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4,855 |
| 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 | $126,180 |
| Gross receipts from related activities, etc. | $0 |
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| Other organizations in Iowa | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mary K Seeley Tr Uw | PO BOX 928, Burlington, IA 52601-0928 | IA | 2004-01 | $202,162 |
| 2 | Mary Lou Salisbury Foundation | 631 Main St, Osage, IA 50461-1307 | IA | 2007-05 | $11,278 |
| 3 | Mary Louise Gidley Scholarship Fund | PO BOX 54, Shenandoah, IA 51601-0054 | IA | 1978-05 | $886 |
| 4 | Mary M Nietzel Trust | 300 E 2nd Street, Muscatine, IA 52761-4121 | IA | 1981-08 | $20,652 |
| 5 | Mary R Stone Family Foundation | 6270 Oakwood Hills Dr, Johnston, IA 50131-1961 | IA | 2000-05 | $27 |
| 6 | Maser Family Foundation | 600 1st Ave Se, Le Mars, IA 51031-2301 | IA | 1997-09 | $240,796 |
| 7 | Mason City & Clear Lake Electric Railroad Historical Society Inc | 3429 Main Ave, Clear Lake, IA 50428-2441 | IA | 1988-06 | $21,449 |
| 8 | Mason City Chamber Of Commerce Foundation | 9 N Federal Ave, Mason City, IA 50401-3250 | IA | 2000-10 | $43,577 |
| 9 | Mason City Clinic P C Trust, C-O F James Dohrmann | 250 S Crescent Dr, Mason City, IA 50401-2926 | IA | 1991-12 | $1,736,913 |
| 10 | Mason City Country Club Corp | 3331 19th St Sw, Mason City, IA 50401-1546 | IA | 1994-09 | $0 |
| 11 | Mason City Downtown Association | 9 N Federal Ave, Mason City, IA 50401-3250 | IA | 2003-05 | $156,604 |
| 12 | Mason City Foundation | 308 S Pennsylvania Ave, Mason City, IA 50401-3913 | IA | 1991-12 | $438,384 |
| 13 | Mason City Little League Inc D B A Mason City Youth Baseball | 639 S Indiana Ave, Mason City, IA 50401-5331 | IA | 1990-12 | $126,582 |
| 14 | Mason City Lodge 1328 Loyal Order Of Moose, 1328 | 22 4th St Nw, Mason City, IA 50401-3206 | IA | 1935-08 | $108,772 |
| 15 | Mason City Mohawk Booster Club | 103 E State, Mason City, IA 50401-3300 | IA | 1979-12 | $401,622 |
| 16 | Mason City Public Library Foundation Inc | 225 2nd St Se, Mason City, IA 50401-3900 | IA | 1986-04 | $53,310 |
| 17 | Mason City Schools Instrumental Music Boosters Foundation | PO BOX 111, Mason City, IA 50402-0111 | IA | 1993-09 | $81,968 |
| 18 | Mason City Swim Club | 109 2nd St Ne, Mason City, IA 50401-3319 | IA | 1975-04 | $58,070 |
| 19 | Mason City Veterans Memorial Association | 1005 Prairie View Pl, Rockford, IA 50468 | IA | 2005-06 | $0 |
| 20 | Mason City Youth Hockey Association Inc | PO BOX 311, Mason City, IA 50402-0311 | IA | 1977-10 | $329,938 |
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