Mid Iowa Development Fund Inc in Polk City, Iowa (IA)
Table of contents:
| Mid Iowa Development Fund Inc | |
| Employer Identification Number (EIN) | 421437567 |
| Name of Organization | Mid Iowa Development Fund Inc |
| In Care of Name | Linda Wunsch |
| Address | 1205 North Drive, Polk City, IA 50226 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Area development, redevelopment of renewal |
| Subsection | Charitable Organization |
| Ruling Date | 11/1995 |
| 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 | 2013 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $496,854 |
| Amount of Income | $33,437 |
| Form 990 Revenue Amount | $33,437 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Management Services for Small Business, Entrepreneurs |
Non-representatives - add comments:
Amount of income in 2013: $33,437 (it was $25,581 in 2012)
| This organization: | $33,437 |
| Other organizations performing similar types of work: | $127,010 |
Assets in 2013: $496,854 (it was $495,155 in 2012)
| Mid Iowa Development Fund Inc: | $496,854 |
| Other organizations performing similar types of work: | $83,317 |
Expenses in 2012: $27,280
| This organization: | $27,280 |
| Other organizations performing similar types of work: | $154,560 |
Income to expenses ratio in 2012: 1.2
| Mid Iowa Development Fund Inc: | 1.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| Mid Iowa Development Fund Inc: | 0.0% |
| Other organizations performing similar types of work: | 40.6% |
Revenue for 2012
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012) | |
| Total revenue | $25,581 |
| Contributions, gifts, grants, and similar amounts received | $0 |
| Program service revenue including government fees and contracts | $25,203 |
| Membership dues and assessments | $0 |
| Investment income | $378 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $0 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $27,280 |
| Total net assets | $495,155 |
| Deficit for the year | $-1,699 |
| Net assets or fund balances at beginning of year | $496,854 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2012) | |
| Total assets | $495,155 |
| Total liabilities | $0 |
| Net assets or fund balances | $495,155 |
| Other Information (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| 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: (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 | $130,413 |
| 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 | $113,155 |
| 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 | $17,258 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Craft3 Investment I Llc | PO BOX 826, Ilwaco, WA 98624-0826 | WA | 1995-07 | $18,154,406 |
| 2 | Masschallenge | 21 Dry Dock Ave 6th Flr, Boston, MA 02210-2384 | MA | 2010-04 | $4,959,384 |
| 3 | Small Business Majority Foundation Inc | 4000 Bridgeway Ste 101, Sausalito, CA 94965-1444 | CA | 2010-11 | $4,935,336 |
| 4 | Western North Carolina Regional Economic Development Non-Profit Co | 134 Wright Brothers Way, Fletcher, NC 28732-7808 | NC | 1996-02 | $2,225,305 |
| 5 | Women Venture | 2021 E Hennepin Ave Ste 200, Minneapolis, MN 55413-2724 | MN | 1984-09 | $1,770,287 |
| 6 | Los Angeles Cleantech Incubator | 411 S Hewitt Street, Los Angeles, CA 90013 | CA | 2012-08 | $1,684,863 |
| 7 | Puerto Rico Manufacturing Extension Primex Inc, Primex | Mercantil Plaza Ste 819, San Juan | international | 1996-12 | $1,678,335 |
| 8 | Startx | 2627 Hanover St, Palo Alto, CA 94304-1118 | CA | 2013-06 | $1,657,007 |
| 9 | Rockford Area Strategic Initiatives | 100 Park Ave Ste 100, Rockford, IL 61101-1099 | IL | 2010-06 | $1,367,725 |
| 10 | Commonwise Education Inc | 464 Black Willow Ln, Charlotte, VT 05445-4405 | VT | 2011-09 | $1,303,500 |
| 11 | Iowa Innovation Corporation | 309 Court Ave Ste 222, Des Moines, IA 50309-2259 | IA | 2013-10 | $1,096,234 |
| 12 | Kauffman Laboratories For Enterprise Creation Inc | Enterprise Creation Inc 4801 Rockhi, Kansas City, MO 64110 | MO | 2014-09 | $1,024,080 |
| 13 | Women In Progress Inc | 2205 California St Ne Ste 110, Minneapolis, MN 55418-3353 | MN | 2002-11 | $946,703 |
| 14 | Cedar Valley Growth Fund I Inc | 3835 W 9th St, Waterloo, IA 50702-5913 | IA | 2010-04 | $569,850 |
| 15 | Iowa Community Capital | 915 8th Street Suite 205, Boone, IA 50036 | IA | 2004-03 | $166,355 |
| 16 | West Des Moines Business Incubator | 2829 Westown Pkwy Ste 220, W Des Moines, IA 50266-1314 | IA | 2010-12 | $67,114 |
| 17 | Mid Iowa Development Fund Inc | 1205 North Drive, Polk City, IA 50226 | IA | 1995-11 | $33,437 |
| 18 | Cr Small Business Recovery | PO BOX 2292, Cedar Rapids, IA 52406 | IA | 2010-02 | $0 |
| 19 | Iowa Women-Owned Business Initiative Inc, Ascent | 210 2nd St Se Ste 304, Cedar Rapids, IA 52401-1407 | IA | 2013-07 | $0 |
| 20 | Silk Road Advisors | 8 West 4th St Ste 1, Spencer, IA 51301 | IA | 2014-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 518 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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