Summit Area Development Corporation in Summit, New Jersey (NJ)
Table of contents:
| Summit Area Development Corporation | |
| Employer Identification Number (EIN) | 223671584 |
| Name of Organization | Summit Area Development Corporation |
| In Care of Name | Joseph Steiner |
| Address | 85 Summit Ave, Summit, NJ 07901-3614 |
| Subsection | Charitable Organization |
| Ruling Date | 11/1999 |
| 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 | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $163,563 |
| Amount of Income | $65,383 |
| Form 990 Revenue Amount | $65,383 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General) |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $1,376 | $13,820 | $65,383 |
| Contributions, gifts, grants, and similar amounts received | $1,100 | $13,535 | $65,080 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $285 | $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 | $276 | $0 | $303 |
| Total expenses | $625 | $10,899 | $23,990 |
| Total net assets | $124,108 | $122,170 | $163,563 |
| Excess/Deficit for the year | $751 | $2,921 | $41,393 |
| Net assets or fund balances at beginning of year | $123,357 | $124,108 | $122,170 |
| Other changes in net assets or fund balances | $0 | $-4,859 | $0 |
| Net assets or fund balances at end of year | $122,170 | $163,563 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $124,108 | $122,170 | $163,563 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $124,108 | $122,170 | $163,563 |
| 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 | $115,307 |
| Subtotal Support | $115,307 |
| Gifts, grants, contributions, and membership fees received | $115,307 |
| 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 | $116,568 |
| Public Support | $115,307 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,261 |
| 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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| Other organizations in New Jersey | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Students 2 Science | 66 Deforest Ave, East Hanover, NJ 07936-2811 | NJ | 2009-07 | $484,080 |
| 2 | Students Bridging The Information Gap Inc | Po Box 874, Summit, NJ 07902 | NJ | 2008-07 | $77,867 |
| 3 | Studio 676 Corporation | 676 Bergen Ave, Jersey City, NJ 07304-2646 | NJ | 2005-04 | $27,478 |
| 4 | Subaru Voluntary Employee Welfare Benefit Trust | 2235 Rte 70 W, Cherry Hill, NJ 08002-3308 | NJ | 1982-04 | $50,295,485 |
| 5 | Sugar N Spice Nursery School Inc | 8 Pepper Ln, Succasunna, NJ 07876-1045 | NJ | 1975-07 | $86,570 |
| 6 | Sumei Multidisciplinary Center | 61 New Jersey Railroad Ave Apt 2, Newark, NJ 07105-8400 | NJ | 1998-02 | $49,213 |
| 7 | Summer Educational Workshop Of Closter Inc | PO BOX 351, Closter, NJ 07624-0351 | NJ | 1967-03 | $142,987 |
| 8 | Summerfest At Leonia | 311 Oakdene Ave, Leonia, NJ 07605-2025 | NJ | 2000-07 | $79,240 |
| 9 | Summers Family Foundation Inc | 81 Butternut Ln, Basking Ridge, NJ 07920-3303 | NJ | 2005-07 | $30,893 |
| 10 | Summit Area Community School | PO BOX 532, Summit, NJ 07902-0532 | NJ | 1977-11 | $283,185 |
| 11 | Summit Area Development Corporation | 85 Summit Ave, Summit, NJ 07901-3614 | NJ | 1999-11 | $65,383 |
| 12 | Summit Health - Virtua Inc | 401 Rt 73 N 50 Lake Ctr Dr Ste 400, Marlton, NJ 08053 | NJ | 1993-05 | $170,000 |
| 13 | Summit Home For Children Chesebrough Foundation | 480 Morris Ave, Summit, NJ 07901-1523 | NJ | 1942-06 | $7,386 |
| 14 | Summit Medical Group P A Employees Benefit Trust | 1 Diamond Hill Rd, Berkeley Hts, NJ 07922-2104 | NJ | 1975-08 | $11,133,856 |
| 15 | Summit School Booster Association | PO BOX 674, Summit, NJ 07902-0674 | NJ | 1998-09 | $166,442 |
| 16 | Summit Tennis Club | 40 Sunset Dr, Summit, NJ 07901-2323 | NJ | 1974-02 | $113,329 |
| 17 | Summit Volunteer First Aid Squad Inc | PO BOX 234, Summit, NJ 07902-0234 | NJ | 1964-09 | $1,791,765 |
| 18 | Sunset Lake Community Club | PO BOX 113, Pluckemin, NJ 07978-0113 | NJ | 1975-03 | $88,104 |
| 19 | Sunset Memorial Park | 1640 Haddon Ave, Camden, NJ 08103-3113 | NJ | 1942-12 | $278,395 |
| 20 | Sunup Foundation Inc | C/O Cohnreznick Llp 23 Christopher, Eatontown, NJ 07724 | NJ | 2000-01 | $1,980,755 |
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