Gaston County Development Corporation in Gastonia, North Carolina (NC)

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Gaston County Development Corporation
Employer Identification Number (EIN)581792056
Name of OrganizationGaston County Development Corporation
AddressPO BOX 2339, Gastonia, NC 28053-2339
SubsectionBoard of Trade
Ruling Date10/1988
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$258,869
Amount of Income$60,100
Form 990 Revenue Amount$60,100


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Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$71,151$70,928$60,100
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$65,000$70,708$60,000
Membership dues and assessments$0$0$0
Investment income$251$220$100
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$5,900$0$0
Total expenses$58,536$72,881$57,483
Total net assets$258,205$256,252$258,869
Excess/Deficit for the year$12,615$-1,953$2,617
Net assets or fund balances at beginning of year$245,590$258,205$256,252
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$256,252$258,869
Balance Sheets
201220132014
Total assets$258,205$256,252$258,869
Total liabilities$0$0$0
Net assets or fund balances$258,205$256,252$258,869
Other Information
201220132014
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 2014)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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IdNameAddressStateEstablishedTotal Income
1Garysburg Community Development CorporationPO BOX 278, Garysburg, NC 27831-0278NC2006-09$500
2Garysburg Volunteer Fire DepartmentPO BOX Y, Garysburg, NC 27831-0630NC1983-02$108,070
3Gaston Arts CouncilPO BOX 242, Gastonia, NC 28053-0242NC1981-01$116,911
4Gaston Association Of Realtors Inc2923 Audrey Dr, Gastonia, NC 28054-7269NC1972-02$411,586
5Gaston Chamber Of Commerce Inc601 W Franklin Blvd, Gastonia, NC 28052-3828NC1942-10$993,378
6Gaston Christian Schools Inc1625 Lowell Bethesda Rd, Gastonia, NC 28056-9496NC1980-09$5,960,932
7Gaston College Foundation Inc201 Highway 321 S, Dallas, NC 28034-1402NC1970-12$2,119,634
8Gaston College Preparatory320 Pleasant Hill Rd, Gaston, NC 27832-9511NC2001-08$9,201,809
9Gaston Community Action IncPO BOX 1653, Gastonia, NC 28053-1653NC1965-02$6,018,425
10Gaston Concert AssociationPO BOX 2242, Gastonia, NC 28053-2242NC1968-01$17,385
11Gaston County Development CorporationPO BOX 2339, Gastonia, NC 28053-2339NC1988-10$60,100
12Gaston County Educational Foundation IncPO BOX 1397, Gastonia, NC 28053-1397NC1992-06$118,642
13Gaston County Family Ymca201 S Clay St, Gastonia, NC 28052-3876NC1976-07$5,280,471
14Gaston County Farm Bureau IncPO BOX 576, Dallas, NC 28034-0576NC1964-06$314,830
15Family Promise Of Gaston CountyPO BOX 67, Gastonia, NC 28053-0067NC2002-07$147,801
16Gaston County Medical SocietyPost Office Box 1747, Gastonia, NC 28053NC1992-03$17,131
17Gaston County Museum Of Art & HistoryPO BOX 429, Dallas, NC 28034-0429NC1976-03$231,453
18Gaston County S A N E Inc3301 Candlewick Way, Gastonia, NC 28056-1607NC2002-05$750
19Gaston County Unit Of The North Carolina Association Of EducatorsPO BOX 2642, Gastonia, NC 28053-2642NC1990-05$25,233
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