Magdalena Area Community Development Corporation, Macdc in Magdalena, New Mexico (NM)

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Magdalena Area Community Development Corporation, Macdc
Employer Identification Number (EIN)850459094
Name of OrganizationMagdalena Area Community Development Corporation
Secondary NameMacdc
In Care of NameRobert Serna
Address105 North Main Street Pob 970, Magdalena, NM 87825
Websitehttp://www.magdalenacdc.org
SubsectionCharitable Organization
Ruling Date04/2000
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2011
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$97,993
Amount of Income$154,199
Form 990 Revenue Amount$154,199
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Rural Development


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Amount of income in 2011: $154,199 (it was $154,199 in 2012)
Magdalena Area Community Development Corporation, Macdc: 

 $154,199
Other organizations performing similar types of work: 

 $106,567

Assets in 2011: $97,993 (it was $97,993 in 2012)
This organization: 

 $97,993
Other organizations performing similar types of work: 

 $100,623

Expenses in 2012: $175,993
Magdalena Area Community Development Corporation, Macdc: 

 $175,993
Other organizations performing similar types of work: 

 $113,670

Income to expenses ratio in 2012: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.0

Number of employees in 2012: 26
This organization: 

 26
Other organizations performing similar types of work: 

 1

Grants share in income in 2012: 0.0%
Magdalena Area Community Development Corporation, Macdc: 

 0.0%
Other organizations performing similar types of work: 

 13.3%

Financial snapshot ($)

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$154,199
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$154,199
Statement of Functional Expenses (for 2012)
Total functional expenses$175,993
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$80,617
Payroll taxes$12,678
Professional fundraising services$0
Other$82,698
Balance Sheet (for 2012)
Total assets$97,993
Total liabilities$118,000
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$96,206
Unsecured notes and loans payable to unrelated third parties$0
Other$21,794
Total net assets or fund balances$-20,007
Retained earnings, endowment, accumulated income, or other funds$-20,007
Reason for Public Charity Status (for 2012)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$154,199
Gifts, grants, contributions, and membership fees received$0
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$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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$154,199
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Virginia Coalfield Coalition IncPO BOX 548, Lebanon, VA 24266-0548VA2000-02$7,880,145
2Technology Ventures Corporation1155 University Blvd Se, Albuquerque, NM 87106-4320NM1996-01$2,602,426
3Rural Development Corp6140 Mays Landing Rd, Vineland, NJ 08361-7651NJ1976-07$2,316,090
4Rural Consumer Services CorporationPO BOX 826, Shallotte, NC 28459-0826NC2000-08$1,660,845
5Kurdistan Regional Government -Liaison Office - Usa1532 16th St Nw, Washington, DC 20036-1402DC2013-08$1,610,542
6Vermont Council On Rural Development IncPO BOX 1384, Montpelier, VT 05601-1384VT1998-03$1,333,733
7Rural Development Foundation111 W Main St, Antlers, OK 74523-2029OK2003-05$1,055,000
8New Mexico Community Capital219 Central Ave Nw # 200, Albuquerque, NM 87102-3346NM2005-11$975,813
9Southwest Tribal Fisheries Commission IncPO BOX 190, Mescalero, NM 88340-0190NM2008-04$452,608
10Gallup Bid IncPO BOX 4019, Gallup, NM 87305-4019NM2014-05$255,410
11Magdalena Area Community Development Corporation, Macdc105 North Main Street Pob 970, Magdalena, NM 87825NM2000-04$154,199
12New Mexico Rural Development Response Council2209 Miguel Chavez Rd Ste C, Santa Fe, NM 87505-7010NM1998-01$125,300
13Timberon Development Council IncPO BOX 111, Timberon, NM 88350-0111NM2003-07$44,542
14Hatch Chile AssociationPO BOX 205, Hatch, NM 87937-0205NM2015-02$14,620
15Agri-Tourism Advisory Council Of Lincoln County, AtacPo Box 261, Hondo, NM 88336NM2007-08$0
16Caprock Village Economic & Community Development Corporation4000 Cr M, Broadview, NM 88112-9541NM2014-04$0
17Four Corners Small Business FoundationPO BOX 4423, Gallup, NM 87305-4423NM2003-05$0
18Greater Springer Area Economic Developemnt CorporationPo Box 144, Springer, NM 87747NM2010-09$0
19La Mesita Institute200 W De Vargas St Ste 3, Santa Fe, NM 87501-2679NM2007-10$0
20Mora County Economic Development CorporationPo Box 171, Mora, NM 87732NM2014-07$0
Number of organizations performing similar types of work
Alaska10
Alabama4
Arkansas7
Arizona4
California16
Colorado11
Connecticut2
District of Columbia6
Florida10
Georgia11
Hawaii3
Iowa12
Idaho10
Illinois11
Indiana13
Kansas3
Kentucky17
Louisiana7
Massachusetts5
Maryland4
Maine3
Michigan8
Minnesota10
Missouri13
Mississippi7
Montana8
North Carolina21
North Dakota9
Nebraska10
New Hampshire2
New Jersey3
New Mexico14
Nevada3
New York11
Ohio15
Oklahoma4
Oregon10
Pennsylvania10
Rhode Island1
South Carolina8
South Dakota9
Tennessee7
Texas25
Utah2
Virginia20
Vermont3
Washington12
Wisconsin4
West Virginia10
Wyoming4
International1
Total433

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