Aberdeen Economic & Development Corporation in Aberdeen, Maryland (MD)

Aberdeen Economic & Development Corporation
Employer Identification Number (EIN)	522069370
Name of Organization	Aberdeen Economic & Development Corporation
In Care of Name	Charles Jacobs
Address	Po Box 70, Aberdeen, MD 21001
Activities	Described in section 170(b)1)(a)(vi) of the Code, Area development, redevelopment of renewal
Subsection	Charitable Organization
Ruling Date	07/1998
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	2014
Assets	$0
Income	$0
Filing Requirement	990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount	$22,953
Amount of Income	$162
Form 990 Revenue Amount	$162
National Taxonomy of Exempt Entities (NTEE)	Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General)

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Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue	$162
Contributions, gifts, grants, and similar amounts received	$0
Program service revenue including government fees and contracts	$0
Membership dues and assessments	$0
Investment income	$162
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	$9,501
Total net assets	$22,953
Deficit for the year	$-9,339
Net assets or fund balances at beginning of year	$32,292
Other changes in net assets or fund balances	$0

Balance Sheets (for 2011)
Total assets	$22,953
Total liabilities	$0
Net assets or fund balances	$22,953

Other Information (for 2011)
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 2011)
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)

	2007 - 2011 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
Total Support	$33,886
Gifts, grants, contributions, and membership fees received	$30,000
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	$3,886
Gross receipts from related activities, etc.	$0

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