Greater Springfield Businessfoundation Inc in Springfield, Massachusetts (MA)

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Greater Springfield Businessfoundation Inc
Employer Identification Number (EIN)205465447
Name of OrganizationGreater Springfield Businessfoundation Inc
In Care of NameRussell F Denver
Address1441 Main St Ste 136, Springfield, MA 01103-1447
SubsectionCharitable Organization
Ruling Date03/2008
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$9,728
Amount of Income$37,198
Form 990 Revenue Amount$37,198
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Management & Technical Assistance


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Amount of income in 2013: $37,198 (it was $25,620 in 2012)
This organization: 

 $37,198
Other organizations performing similar types of work: 

 $998,703

Assets in 2013: $9,728 (it was $7,764 in 2012)
This organization: 

 $9,728
Other organizations performing similar types of work: 

 $571,369

Expenses in 2013: $39,234
Greater Springfield Businessfoundation Inc: 

 $39,234
Other organizations performing similar types of work: 

 $977,385

Income to expenses ratio in 2013: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 100.0%
Greater Springfield Businessfoundation Inc: 

 100.0%
Other organizations performing similar types of work: 

 78.7%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$20,170$25,620$37,198
Contributions, gifts, grants, and similar amounts received$20,170$25,620$37,198
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$17,052$25,430$39,234
Total net assets$7,574$7,764$5,728
Excess/Deficit for the year$3,118$190$-2,036
Net assets or fund balances at beginning of year$4,456$7,574$7,764
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$7,764$5,728
Balance Sheets
201120122013
Total assets$7,574$7,764$9,728
Total liabilities$0$0$4,000
Net assets or fund balances$7,574$7,764$5,728
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$6,500
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Sek-Cap Inc, Community Action ProgramPO BOX 128, Girard, KS 66743-0128KS1970-06$12,860,577
2Opportunity Finance Corporation620 Chestnut St 572, Philadelphia, PA 19106-3411PA1987-04$7,371,119
3New Jersey Manufacturing Extension Program Inc2 Ridgedale Ave Ste 305, Cedar Knolls, NJ 07927-1123NJ1997-11$4,643,958
4Leadership Tyler Inc315 N Broadway Ave Ste 202, Tyler, TX 75702-5757TX1990-10$279,633
5Philadelphia Shipyard Development CorporationPO BOX 586, Eagleville, PA 19408-0586PA1999-04$4,029
6National Community Reinvestment Coalition Inc727 15th St Nw 9th Floor, Washington, DC 20005-2168DC1992-08$22,470,108
7Hope Loanport Inc100 International Dr Fl 23, Baltimore, MD 21202-4737MD2012-01$6,166,887
8Metro Iaf Inc8518 61st Rd, Rego Park, NY 11374-2734NY1995-11$998,703
9Referral And Information Network Parents Inc, Rain Parents Inc1420 Washington Ave, Miami Beach, FL 33139-4110FL1996-05$245,858
10United Connecticut Action For Neighborhoods IncPobox 6422, Hartford, CT 06106CT1980-02$213,038
11Greater Springfield Businessfoundation Inc1441 Main St Ste 136, Springfield, MA 01103-1447MA2008-03$37,198
12Character Council Of Indiana Inc1517 Bowman Dr, Greenfield, IN 46140-2516IN2000-07$5,013
13Euclid - St Clair Development Corporation2158 Belvoir Blvd, Ceveland, OH 44121OH2001-10$0
Number of organizations performing similar types of work
Connecticut1
District of Columbia1
Florida1
Indiana1
Kansas1
Massachusetts1
Maryland1
New Jersey1
New York1
Ohio1
Pennsylvania2
Texas1
Total13

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