Webster Development Fund in Springhill, Louisiana (LA)

Webster Development Fund
Employer Identification Number (EIN)	205413853
Name of Organization	Webster Development Fund
In Care of Name	Charles Payne
Address	PO BOX 155, Springhill, LA 71075-0155
Subsection	Charitable Organization
Ruling Date	07/2007
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	12/2013
Assets	$1,000,000 to $4,999,999
Income	$10,000 to $24,999
Filing Requirement	990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount	$1,959,485
Amount of Income	$17,401
Form 990 Revenue Amount	$17,401

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Financial snapshot ($)

Revenue for 2012

Support schedule

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	$5,801
Contributions, Gifts, Grants and Other Similar Amounts	$5,800
Program Service Revenue	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$1
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	$56,627
Compensation of current officers, directors, trustees, and key employees	$0
Other salaries and wages	$0
Payroll taxes	$0
Professional fundraising services	$0
Other	$56,627

Balance Sheet (for 2012)
Total assets	$1,969,614
Total liabilities	$1,667,288
Tax-exempt bond liabilities	$0
Secured mortgages and notes payable to unrelated third parties	$77,024
Unsecured notes and loans payable to unrelated third parties	$0
Other	$1,590,264
Total net assets or fund balances	$302,326
Retained earnings, endowment, accumulated income, or other funds	$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)

	2008 - 2012 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
Total Support	$295,033
Gifts, grants, contributions, and membership fees received	$294,829
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	$204
Gross receipts from related activities, etc.	$0

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