Upper Valley Economic Council in Sherman, Maine (ME)

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Upper Valley Economic Council
Employer Identification Number (EIN)010529561
Name of OrganizationUpper Valley Economic Council
In Care of NamePeter Qualey
Address36 School St Ste 4, Sherman, ME 04776-3428
SubsectionCharitable Organization
Ruling Date05/2003
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$83,339
Amount of Income$101,868
Form 990 Revenue Amount$101,868
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General)

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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$52,435
Contributions, gifts, grants, and similar amounts received$52,365
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$70
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$57,354
Total net assets$32,468
Deficit for the year$-4,919
Net assets or fund balances at beginning of year$37,387
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$32,468
Total liabilities$0
Net assets or fund balances$32,468
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$173,576
Gifts, grants, contributions, and membership fees received$173,243
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$333
Gross receipts from related activities, etc.$0
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