Lincoln Park Business Group in Duluth, Minnesota (MN)

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Lincoln Park Business Group
Employer Identification Number (EIN)416037915
Name of OrganizationLincoln Park Business Group
Address2002 W Superior St Ste 8, Duluth, MN 55806-2026
ActivitiesBusiness promotion (chamber of commerce, business league, etc.)
SubsectionCharitable Organization
Ruling Date08/1999
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$14,784
Amount of Income$53,830
Form 990 Revenue Amount$33,068
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Urban, Community Economic Development


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Amount of income in 2013: $53,830 (it was $55,285 in 2012)
Lincoln Park Business Group: 

 $53,830
Other organizations performing similar types of work: 

 $141,217

Assets in 2013: $14,784 (it was $12,566 in 2012)
Lincoln Park Business Group: 

 $14,784
Other organizations performing similar types of work: 

 $121,026

Expenses in 2013: $30,918
Lincoln Park Business Group: 

 $30,918
Other organizations performing similar types of work: 

 $118,087

Income to expenses ratio in 2013: 1.7
This organization: 

 1.7
Other organizations performing similar types of work: 

 1.6

Grants share in income in 2013: 0.8%
This organization: 

 0.8%
Other organizations performing similar types of work: 

 87.4%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$27,778$35,572$33,068
Contributions, gifts, grants, and similar amounts received$1,981$160$270
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$12,024$13,908$15,646
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$13,773$21,504$17,152
Gross income from gaming$0$0$0
Gross income from fundraising events$37,791$41,217$37,914
Less: direct expenses from gaming and fundraising events$24,018$19,713$20,762
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$27,481$35,649$30,918
Total net assets$12,559$12,482$14,632
Excess/Deficit for the year$297$-77$2,150
Net assets or fund balances at beginning of year$12,262$12,559$12,482
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$12,482$14,632
Balance Sheets
201120122013
Total assets$15,285$12,566$14,784
Total liabilities$2,726$84$152
Net assets or fund balances$12,559$12,482$14,632
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 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)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$95,435
Subtotal Support$95,435
Gifts, grants, contributions, and membership fees received$95,435
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$99,520
Public Support$95,435
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$540
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$3,545
Gross receipts from related activities, etc.$53,560
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Ventura County Community Development Corporation2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813CA2003-05$5,683,551
2The Center Of Workforce Innovations Inc2804 Boilermaker Ct Ste E, Valparaiso, IN 46383-8418IN2000-06$8,642,806
3Grow America Fund Inc708 Third Avenue, New York, NY 10017-4201NY2013-02$8,175,642
4Capitalplus Exchange Corporation100 N Lasalle Street No 1710, Chicago, IL 60602IL2004-02$7,860,918
5Old Spanish Trail-Almeda Corridors Redevelopment Authority5445 Almeda Rd Ste 545, Houston, TX 77004-7450TX2014-09$7,381,617
6Rainier Valley Community Development Fund6951 Martin Luther King Jr Way S 22, Seattle, WA 98118-3597WA2003-12$6,748,450
7Venture Richmond Inc200 S 3rd St Ste 2 Ste 960, Richmond, VA 23219-3700VA1982-08$5,826,607
8Utah Community Reinvestment Corporation1165 E Wilmington Ave Ste 200, Salt Lake Cty, UT 84106-2853UT1999-03$5,099,832
9World Business Chicago177 N State St Ste 500, Chicago, IL 60601-3611IL2000-08$4,555,351
10Wyoming County Community Action Inc6470 Route 20a, Perry, NY 14530-9765NY1995-12$2,931,696
11Jackson Economic Development CorporationPO BOX 183, Jackson, MN 56143-0183MN2004-02$789,351
12Northside Economic Opportunity Network1101 West Broadway Suite 100, Minneapolis, MN 55411-2570MN2009-12$687,523
13West Broadway Area Coalition911 W Broadway Ave Ste 1, Minneapolis, MN 55411-2615MN2004-11$474,356
14Business Initiative Development Center2736 Lyndale Ave S Ste 202, Minneapolis, MN 55408-1309MN2001-07$138,425
15Lincoln Park Business Group2002 W Superior St Ste 8, Duluth, MN 55806-2026MN1999-08$53,830
16Greater Minnesota Community Development Corporation312 N Main St, Badger, MN 56714-4004MN2005-12$1,134
17African American Chamber Of Commerce For Minnesota1015 Thomas Ave N, Minneapolis, MN 55411-3521MN2001-09$0
18Bigfork Valley Development CorporationPO BOX 407, Bigfork, MN 56628-0407MN2011-02$0
19Commercial Development Fund2555 Oak Ct 3, Stp, MN 55110MN2000-11$0
20Elevate616 East 25th Street, Minneapolis, MN 55404MN2013-03$0
Number of organizations performing similar types of work
Alaska2
Alabama36
Arkansas9
Arizona16
California121
Colorado26
Connecticut22
District of Columbia16
Delaware6
Florida53
Georgia54
Hawaii10
Iowa18
Idaho7
Illinois68
Indiana30
Kansas9
Kentucky18
Louisiana32
Massachusetts22
Maryland45
Maine10
Michigan54
Minnesota10
Missouri35
Mississippi17
Montana9
North Carolina65
North Dakota5
Nebraska6
New Hampshire8
New Jersey38
New Mexico14
Nevada6
New York135
Ohio94
Oklahoma18
Oregon18
Pennsylvania93
Rhode Island2
South Carolina34
South Dakota10
Tennessee36
Texas74
Utah5
Virginia30
Vermont9
Washington29
Wisconsin30
West Virginia14
Wyoming3
International7
Total1,538

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