Greater Paterson Chamber Foundation Inc in Paterson, New Jersey (NJ)
Table of contents:
| Greater Paterson Chamber Foundation Inc | |
| Employer Identification Number (EIN) | 222676852 |
| Name of Organization | Greater Paterson Chamber Foundation Inc |
| Address | 100 Hamilton Plaza, Paterson, NJ 07505-2109 |
| Activities | Business promotion (chamber of commerce, business league, etc.) |
| Subsection | Charitable Organization |
| Ruling Date | 08/1987 |
| 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 | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $6,177 |
| Amount of Income | $1,505 |
| Form 990 Revenue Amount | $1,505 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $1,505 (it was $31,151 in 2012)
| Greater Paterson Chamber Foundation Inc: | $1,505 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2013: $6,177 (it was $11,992 in 2012)
| Greater Paterson Chamber Foundation Inc: | $6,177 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2013: $7,320
| Greater Paterson Chamber Foundation Inc: | $7,320 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2013: 0.2
| This organization: | 0.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 99.7%
| Greater Paterson Chamber Foundation Inc: | 99.7% |
| Other organizations performing similar types of work: | 35.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $2,852 | $8,678 | $1,505 |
| Contributions, gifts, grants, and similar amounts received | $0 | $1,025 | $1,500 |
| Program service revenue including government fees and contracts | $2,850 | $6,650 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $2 | $3 | $5 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $1,000 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $2,563 | $1,275 | $7,320 |
| Total net assets | $4,589 | $11,992 | $6,177 |
| Excess/Deficit for the year | $289 | $7,403 | $-5,815 |
| Net assets or fund balances at beginning of year | $4,300 | $4,589 | $11,992 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $11,992 | $6,177 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $4,689 | $11,992 | $6,177 |
| Total liabilities | $100 | $0 | $0 |
| Net assets or fund balances | $4,589 | $11,992 | $6,177 |
| 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: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $16,701 |
| Subtotal | $16,701 |
| Gifts, grants, contributions, and membership fees received | $4,351 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $12,350 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $28,162 |
| Public support | $16,701 |
| Subtotal | $11 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $11 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $11,450 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | New Newark Foundation Inc | 744 Broad Street Suite 1705, Newark, NJ 07102 | NJ | 1997-06 | $549 |
| 2 | Uptown Columbus Inc | PO BOX 1237, Columbus, GA 31902-1237 | GA | 1985-04 | $12,826,789 |
| 3 | South Bronx Overall Economic Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1973-08 | $8,444,805 |
| 4 | West Central Indiana Economic Development District Inc | 1718 Wabash Ave, Terre Haute, IN 47807-3323 | IN | 1969-08 | $5,403,201 |
| 5 | Stand Up For Salem Inc | Fenwick Plaza Suite 7, Salem, NJ 08079 | NJ | 1989-09 | $1,714,895 |
| 6 | Essex County Economic Development Corp | 465 Dr Mlk Blvd Room 449, Newark, NJ 07102 | NJ | 1984-05 | $1,605,649 |
| 7 | Millville Development Corporation | 22 High St N, Millville, NJ 08332-3830 | NJ | 1995-09 | $437,315 |
| 8 | Corinthian Housing Development Corporation | 862 S Orange Ave, Newark, NJ 07106 | NJ | 1991-08 | $277,114 |
| 9 | Southern Nj Development Council | 900 Rt 168 Ste D-4, Turnersville, NJ 08012-3207 | NJ | 1953-08 | $275,288 |
| 10 | Inlet Public-Private Association Inc | 31 S Rhode Island Ave, Atlantic City, NJ 08401-7760 | NJ | 1990-01 | $251,729 |
| 11 | Bunker Hill Industrial Park Special Improvement District Mgt Corp | PO BOX 274, Paterson, NJ 07544-0274 | NJ | 1996-11 | $193,254 |
| 12 | Teaneck Economic Development Corporation | 555 Cedar Lane, Teaneck, NJ 07666-1743 | NJ | 1998-06 | $127,955 |
| 13 | Greater Paterson Chamber Foundation Inc | 100 Hamilton Plaza, Paterson, NJ 07505-2109 | NJ | 1987-08 | $1,505 |
| 14 | Dover Vision Inc | PO BOX 1710, Dover, NJ 07802-1710 | NJ | 1995-06 | $10 |
| 15 | Ducktown Revitalization Association Inc | 6 N Mississippi Avenue, Atlantic City, NJ 08401 | NJ | 1997-02 | $0 |
| 16 | Martin Luther King Drive Neighborhood Development Corp | 37 Virginia Ave, Jersey City, NJ 07304-2217 | NJ | 1994-04 | $0 |
| 17 | Newark Economic Development Corp | 920 Broad St Ste 205, Newark, NJ 07102-2609 | NJ | 1985-08 | $0 |
| 18 | Oldmans Creek Watershed Association | PO BOX 152, Harrisonville, NJ 08039-0152 | NJ | 1997-10 | $0 |
| 19 | Southern New Jersey Partnership For Economic Development Inc | Piazza 6014 At Main Street, Voorhees, NJ 08043 | NJ | 1998-03 | $0 |
| 20 | Resurgens Foundation Inc | 304 Brookmere Ct, Ridgewood, NJ 07450-2604 | NJ | 1998-02 | $-24,920 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 531 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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