Salem Partnership Inc in Salem, Massachusetts (MA)
Table of contents:
| Salem Partnership Inc | |
| Employer Identification Number (EIN) | 042996598 |
| Name of Organization | Salem Partnership Inc |
| Address | 8 Central St, Salem, MA 01970-3703 |
| Activities | Other mutual organization, Urban renewal |
| Subsection | Charitable Organization |
| Ruling Date | 12/1990 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $165,666 |
| Amount of Income | $117,430 |
| Form 990 Revenue Amount | $117,430 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2014: $117,430 (it was $97,001 in 2013)
| This organization: | $117,430 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2014: $165,666 (it was $161,822 in 2013)
| Salem Partnership Inc: | $165,666 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2014: $112,594
| Salem Partnership Inc: | $112,594 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2014: 1.0
| Salem Partnership Inc: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 35.7% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $139,986 | $97,001 | $117,430 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $2,323 | $21,450 |
| Membership dues and assessments | $92,750 | $94,375 | $95,400 |
| Investment income | $238 | $303 | $580 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $46,998 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $64,643 | $86,630 | $112,594 |
| Total net assets | $148,211 | $158,582 | $163,418 |
| Excess/Deficit for the year | $75,343 | $10,371 | $4,836 |
| Net assets or fund balances at beginning of year | $72,868 | $148,211 | $158,582 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $148,211 | $158,582 | $163,418 |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $151,286 | $161,822 | $165,666 |
| Total liabilities | $3,075 | $3,240 | $2,248 |
| Net assets or fund balances | $148,211 | $158,582 | $163,418 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | 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 | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | 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 | No |
| Total amount involved | $0 | $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 | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No |
| Reason for Public Charity Status (for 2014) | |
| 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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $534,988 |
| Subtotal | $534,988 |
| Gifts, grants, contributions, and membership fees received | $459,150 |
| 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 | $75,838 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $536,847 |
| Public support | $534,988 |
| Subtotal | $1,859 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,859 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Plymouth Industrial Development Corporation | PO BOX 3165, Plymouth, MA 02361-3165 | MA | 1973-05 | $8,444 |
| 2 | Uptown Columbus Inc | PO BOX 1237, Columbus, GA 31902-1237 | GA | 1985-04 | $12,826,789 |
| 3 | South Bronx Overall Economic Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1973-08 | $8,444,805 |
| 4 | West Central Indiana Economic Development District Inc | 1718 Wabash Ave, Terre Haute, IN 47807-3323 | IN | 1969-08 | $5,403,201 |
| 5 | South Georgia Regional Development Center | PO BOX 1223, Valdosta, GA 31603-1223 | GA | 1979-09 | $4,665,054 |
| 6 | Park Street Corporation | PO BOX 8579, Boston, MA 02114-0035 | MA | 1972-02 | $2,401,833 |
| 7 | Dudley Street Neighborhood Initiative Inc | 504 Dudley Street, Roxbury, MA 02119-2732 | MA | 1986-12 | $2,061,206 |
| 8 | Warriors Inc | 2733 Market St, Youngstown, OH 44507-1612 | OH | 1998-08 | $2,042,544 |
| 9 | Berkshire Hills Conference Inc | 66 Allen St, Pittsfield, MA 01201-6227 | MA | 1939-11 | $1,276,662 |
| 10 | Boston Local Development Corp | 43 Hawkins St, Boston, MA 02114-2907 | MA | 1980-02 | $1,131,693 |
| 11 | Concerned Citizens For Springfield Inc, Triggs Patricia Pres | 38 Oxford St, Springfield, MA 01108-1612 | MA | 1998-07 | $178,416 |
| 12 | Natick Center Associates Incorporated | PO BOX 6284, Natick, MA 01760-6284 | MA | 1996-11 | $158,473 |
| 13 | Salem Partnership Inc | 8 Central St, Salem, MA 01970-3703 | MA | 1990-12 | $117,430 |
| 14 | Merrimack Valley Project Inc | 1045 Essex St, Lawrence, MA 01841-4448 | MA | 1992-08 | $92,883 |
| 15 | Lee Community Development Corp | 480 Pleasant Street, Lee, MA 01238-9265 | MA | 1997-08 | $37,500 |
| 16 | Gardner Square Two Inc, Square Two | PO BOX 8, Gardner, MA 01440-0008 | MA | 1996-10 | $31,615 |
| 17 | Centralville Neighborhood Partnership Inc | PO BOX 1957, Lowell, MA 01853-1957 | MA | 1996-03 | $0 |
| 18 | Chelsea Community Economic Development Alliance Inc | 300 Broadway 2r, Chelsea, MA 02150-2808 | MA | 1995-03 | $0 |
| 19 | Haverhill Neighborhoods Inc | 105 Kenoza Ave, Haverhill, MA 01830 | MA | 1997-05 | $0 |
| 20 | Mason Square Development Corporation Inc | 1441 Main St, Springfield, MA 01103-1406 | MA | 1988-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 531 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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