Marcy-Holmes Neighborhood Association in Minneapolis, Minnesota (MN)
Table of contents:
| Marcy-Holmes Neighborhood Association | |
| Employer Identification Number (EIN) | 411615722 |
| Name of Organization | Marcy-Holmes Neighborhood Association |
| Address | 500 8th Ave Se, Minneapolis, MN 55414-1910 |
| Activities | Area development, redevelopment of renewal |
| Subsection | Charitable Organization |
| Ruling Date | 02/1995 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $56,072 |
| Amount of Income | $131,838 |
| Form 990 Revenue Amount | $131,838 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $131,838 (it was $80,059 in 2012)
| Marcy-Holmes Neighborhood Association: | $131,838 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2013: $56,072 (it was $57,171 in 2012)
| This organization: | $56,072 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2013: $127,491
| Marcy-Holmes Neighborhood Association: | $127,491 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 94.4%
| Marcy-Holmes Neighborhood Association: | 94.4% |
| Other organizations performing similar types of work: | 35.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $57,665 | $80,059 | $131,838 |
| Contributions, gifts, grants, and similar amounts received | $55,295 | $76,847 | $124,400 |
| 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 | $2,370 | $3,212 | $7,438 |
| Total expenses | $53,723 | $68,053 | $127,491 |
| Total net assets | $11,541 | $23,547 | $27,894 |
| Excess/Deficit for the year | $3,942 | $12,006 | $4,347 |
| Net assets or fund balances at beginning of year | $7,599 | $11,541 | $23,547 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $23,547 | $27,894 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $41,690 | $57,171 | $56,072 |
| Total liabilities | $30,149 | $33,624 | $28,178 |
| Net assets or fund balances | $11,541 | $23,547 | $27,894 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | 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 | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| 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? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| 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 supported | 0 |
| 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 | $364,645 |
| Subtotal Support | $364,645 |
| Gifts, grants, contributions, and membership fees received | $364,645 |
| 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 | $364,645 |
| Public Support | $364,645 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Uptown Columbus Inc | PO BOX 1237, Columbus, GA 31902-1237 | GA | 1985-04 | $12,826,789 |
| 2 | South Bronx Overall Economic Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1973-08 | $8,444,805 |
| 3 | West Central Indiana Economic Development District Inc | 1718 Wabash Ave, Terre Haute, IN 47807-3323 | IN | 1969-08 | $5,403,201 |
| 4 | South Georgia Regional Development Center | PO BOX 1223, Valdosta, GA 31603-1223 | GA | 1979-09 | $4,665,054 |
| 5 | Warriors Inc | 2733 Market St, Youngstown, OH 44507-1612 | OH | 1998-08 | $2,042,544 |
| 6 | Sierra Vista Economic Development | 750 Bartow, Sierra Vista, AZ 85635-1827 | AZ | 1987-06 | $1,835,033 |
| 7 | Stand Up For Salem Inc | Fenwick Plaza Suite 7, Salem, NJ 08079 | NJ | 1989-09 | $1,714,895 |
| 8 | Tule River Economic Development Corporation | 2780 W Yowlumne Ave Ste A559, Porterville, CA 93257-9592 | CA | 1992-07 | $1,156,764 |
| 9 | Sunrise County Economic Council | 53 Prescott Dr Suite 3, Machias, ME 04654-3424 | ME | 1995-03 | $1,012,879 |
| 10 | Stevens County Economic Improvement Commission | 215 Atlantic Ave Ste 2, Morris, MN 56267-1397 | MN | 1980-10 | $148,497 |
| 11 | University United | 2233 University Avenue Suite 335, St Paul, MN 55114 | MN | 1983-10 | $137,370 |
| 12 | Marcy-Holmes Neighborhood Association | 500 8th Ave Se, Minneapolis, MN 55414-1910 | MN | 1995-02 | $131,838 |
| 13 | District 6 Planning Council, 6 | 171 Front Ave, Saint Paul, MN 55117-5323 | MN | 1987-01 | $121,040 |
| 14 | Phillips Comm Dev Corp | 1113 E Franklin Ave Ste 205, Minneapolis, MN 55404-2977 | MN | 1983-03 | $70,714 |
| 15 | Mille Lacs Area Community Development Corporation | PO BOX 65, Isle, MN 56342-0065 | MN | 1987-09 | $14,048 |
| 16 | City Innovation | 708 S 3rd St Ste 510, Minneapolis, MN 55415-1145 | MN | 1995-06 | $0 |
| 17 | Gateway Development Opportunties Inc | 420 N 5th St Ste 302, Minneapolis, MN 55401-1359 | MN | 1995-05 | $0 |
| 18 | North Star Community Development Corporation, North Star Green Alliance | 1005 W 6th St, Duluth, MN 55806 | MN | 1983-01 | $0 |
| 19 | St Paul Coalition For Community Development | 3137 Chicago Ave, Minneapolis, MN 55408 | MN | 1990-10 | $0 |
| 20 | West End Business Revitalivation Corporation | 1035 7th St W, St Paul, MN 55102-3827 | MN | 1998-11 | $0 |
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