Mooresville Downtown Commission Inc in Mooresville, North Carolina (NC)

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Mooresville Downtown Commission Inc
Employer Identification Number (EIN)561581821
Name of OrganizationMooresville Downtown Commission Inc
Address215 N Main St, Mooresville, NC 28115-2527
ActivitiesArea development, redevelopment of renewal, Other activity aimed t combating community deterioration
SubsectionCivic League
Ruling Date08/1988
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$58,440
Amount of Income$145,389
Form 990 Revenue Amount$145,389


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Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20102011201220132014
Total revenue$131,978$132,597$136,328$130,775$145,389
Contributions, gifts, grants, and similar amounts received$115,743$118,676$121,543$124,803$141,312
Program service revenue including government fees and contracts$16,063$13,617$14,675$5,915$4,054
Membership dues and assessments$0$0$0$0$0
Investment income$172$304$110$57$23
Gain/Loss from sale of assets other than inventory$0$0$0$0$0
Net income/loss from gaming and fundraising events$0$0$0$0$0
Gross profit/loss from sales of inventory$0$0$0$0$0
Other revenue$0$0$0$0$0
Total expenses$139,617$132,673$130,412$138,649$135,449
Total net assets$50,534$50,458$56,374$48,500$58,440
Excess/Deficit for the year$-7,639$-76$5,916$-7,874$9,940
Net assets or fund balances at beginning of year$58,173$50,534$50,458$56,374$48,500
Other changes in net assets or fund balances$0$0$0$0$0
Net assets or fund balances at end of year$56,374$48,500$58,440
Balance Sheets
20102011201220132014
Total assets$50,534$50,458$56,374$48,500$58,440
Total liabilities$0$0$0$0$0
Net assets or fund balances$50,534$50,458$56,374$48,500$58,440
Other Information
20102011201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
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?NoNoNo
Total amount involved$0$0$0
Initiation fees and capital contributions$0$0$0$0$0
Gross receipts for public use of club facilities$0$0$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?NoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
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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