Norton Development Corporation in Norton, Kansas (KS)
| Norton Development Corporation |
| Employer Identification Number (EIN) | 480930240 |
| Name of Organization | Norton Development Corporation |
| Address | PO BOX 560, Norton, KS 67654-0560 |
| Activities | Area development, redevelopment of renewal |
| Subsection | Charitable Organization |
| Ruling Date | 02/1995 |
| 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 | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $320,701 |
| Amount of Income | $13,550 |
| Form 990 Revenue Amount | $13,550 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Amount of income in 2012: $13,550 (it was $8,803 in 2011)
| Norton Development Corporation: | $13,550 |
| Other organizations performing similar types of work: | $13,550 |
Assets in 2012: $320,701 (it was $331,056 in 2011)
| This organization: | $320,701 |
| Other organizations performing similar types of work: | $320,701 |
Expenses in 2012: $9,146
| Norton Development Corporation: | $9,146 |
| Other organizations performing similar types of work: | $9,146 |
Income to expenses ratio in 2012: 1.5
| Norton Development Corporation: | 1.5 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2012: 4.3%
| This organization: | 4.3% |
| Other organizations performing similar types of work: | 4.3% |
| 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 | $13,550 |
| Contributions, Gifts, Grants and Other Similar Amounts | $584 |
| Program Service Revenue | $3,052 |
| Other Revenue |
| Investment income (including dividends, interest, and other similar amounts) | $9,914 |
| 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 | $9,146 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $9,146 |
| Balance Sheet (for 2012) |
| Total assets | $320,701 |
| Total liabilities | $130,256 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $130,256 |
| Total net assets or fund balances | $190,445 |
| Retained earnings, endowment, accumulated income, or other funds | $190,445 |
| 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 | $49,760 |
| Gifts, grants, contributions, and membership fees received | $27,747 |
| 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 | $22,013 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work |
| Id | Name | Address | State | Established | Total Income |
|---|
| 1 | Norton Development Corporation | PO BOX 560, Norton, KS 67654-0560 | KS | 1995-02 | $13,550 |
| 2 | Midwest City Economic Development Commission | 100 N Midwest Blvd, Midwest City, OK 73110-4319 | OK | 1995-04 | $0 |
| Number of organizations performing similar types of work |
| |
| Total | 2 |
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