Mainstreet Hobbs Inc in Hobbs, New Mexico (NM)
Table of contents:
| Mainstreet Hobbs Inc | |
| Employer Identification Number (EIN) | 742843815 |
| Name of Organization | Mainstreet Hobbs Inc |
| Address | PO BOX 7171, Hobbs, NM 88241-7171 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Other cultural or historical activities, Other activity aimed t combating community deterioration |
| Subsection | Charitable Organization |
| Ruling Date | 10/1998 |
| 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 | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $172,332 |
| Amount of Income | $16,950 |
| Form 990 Revenue Amount | $15,001 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community Coalitions |
Non-representatives - add comments:
Amount of income in 2013: $16,950 (it was $51,853 in 2012)
| This organization: | $16,950 |
| Other organizations performing similar types of work: | $54,333 |
Assets in 2013: $172,332 (it was $168,864 in 2012)
| This organization: | $172,332 |
| Other organizations performing similar types of work: | $24,072 |
Expenses in 2013: $25,035
| Mainstreet Hobbs Inc: | $25,035 |
| Other organizations performing similar types of work: | $47,939 |
Income to expenses ratio in 2013: 0.7
| Mainstreet Hobbs Inc: | 0.7 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 99.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $189,518 | $36,305 | $15,001 |
| Contributions, gifts, grants, and similar amounts received | $157,690 | $13,750 | $0 |
| Program service revenue including government fees and contracts | $20,165 | $5,378 | $0 |
| Membership dues and assessments | $5,875 | $2,700 | $0 |
| Investment income | $728 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $633 | $51 |
| Gross amount from sale of assets other than inventory | $0 | $16,091 | $2,000 |
| Less: cost or other basis and sales expenses | $0 | $15,548 | $1,949 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $5,060 | $13,844 | $14,950 |
| Total expenses | $179,960 | $65,366 | $25,035 |
| Total net assets | $197,928 | $168,864 | $158,830 |
| Excess/Deficit for the year | $9,558 | $-29,061 | $-10,035 |
| Net assets or fund balances at beginning of year | $188,370 | $197,928 | $168,865 |
| Other changes in net assets or fund balances | $0 | $-3 | $0 |
| Net assets or fund balances at end of year | $168,864 | $158,830 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $198,377 | $168,864 | $172,332 |
| Total liabilities | $449 | $0 | $13,502 |
| Net assets or fund balances | $197,928 | $168,864 | $158,830 |
| 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 | $394,815 |
| Subtotal Support | $394,815 |
| Gifts, grants, contributions, and membership fees received | $394,815 |
| 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 | $417,313 |
| Public Support | $394,815 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $22,498 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Los Angeles Tourism Marketing District Corporation | 333 S Hope St Fl 18, Los Angeles, CA 90071-1430 | CA | 2011-10 | $19,755,886 |
| 2 | Contract Services Administration Training Trust Fund | 2800 Winona Ave, Burbank, CA 91504-2536 | CA | 2010-04 | $18,471,016 |
| 3 | Kentucky Opportunity Coalition | Po Box 6067, Louisville, KY 40206 | KY | 2009-02 | $5,934,998 |
| 4 | Stand Up For California | 7911 Logan Lane, Penryn, CA 95663 | CA | 2005-06 | $2,848,103 |
| 5 | Street Law Inc | 1010 Wayne Avenue, Silver Spring, MD 20910-5600 | MD | 1997-03 | $2,372,102 |
| 6 | Organizers In The Land Of Enchantment, Ole | 411 Bellamah Ave Nw, Albuquerque, NM 87102-1315 | NM | 2011-02 | $462,214 |
| 7 | Re-Visioning New Mexico Inc | 147 Harvard Dr Se, Albuquerque, NM 87106-3520 | NM | 1995-10 | $257,927 |
| 8 | New Mexico Association Of Community Partners | 5101 Copper Ave Ne, Albuquerque, NM 87108-5352 | NM | 2014-02 | $140,082 |
| 9 | Roosevelt County Community Development Corporation | 100 S Avenue A, Portales, NM 88130-5917 | NM | 2003-12 | $96,717 |
| 10 | Mid Valley Air Park Property Owners Association Inc | 311 Don St Se, Los Lunas, NM 87031-6729 | NM | 2009-12 | $75,586 |
| 11 | Mainstreet Hobbs Inc | PO BOX 7171, Hobbs, NM 88241-7171 | NM | 1998-10 | $16,950 |
| 12 | World Jubilee Inc | Po Box 80074, Albuquerque, NM 87198-0074 | NM | 2001-05 | $13,066 |
| 13 | East Mountain Citizens Corp | 193 Indian Hills Rd, Moriarty, NM 87035 | NM | 2014-03 | $0 |
| 14 | Families4peace | Po Box 40062, Albuquerque, NM 87196 | NM | 2014-07 | $0 |
| 15 | Fort Stanton Cave Study Project, Fscsp | 510 Montego Dr Se, Rio Rancho, NM 87124-3081 | NM | 2010-11 | $0 |
| 16 | I Ride Nm | 1116 Calle La Resolana, Santa Fe, NM 87507 | NM | 2013-11 | $0 |
| 17 | North 14 Forum | 52 Los Suenos, Sandia Park, NM 87047 | NM | 2009-04 | $0 |
| 18 | Peppertree Royal Oak Residents Association | Po Box 20822, Albuquerque, NM 87154-0822 | NM | 2013-03 | $0 |
| 19 | Shared Vision Inc | 505 Ridgecrest Dr Se, Albuquerque, NM 87108-3392 | NM | 1995-08 | $0 |
| 20 | The Sheriffs Posse Of Santa Fe County | 3213 Rodeo Road, Santa Fe, NM 87505 | NM | 2008-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,698 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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