Greece Economic Development Projects Inc in Rochester, New York (NY)

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Greece Economic Development Projects Inc
Employer Identification Number (EIN)161603812
Name of OrganizationGreece Economic Development Projects Inc
In Care of NameEdward Marianetti
Address1 Vince Tofany Blvd, Rochester, NY 14612-5016
SubsectionCharitable Organization
Ruling Date09/2003
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 Period12/2012
Assets$1,000,000 to $4,999,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (instrumentalities of states or political subdivisions)
Asset Amount$1,642,178
Amount of Income$5,014
Form 990 Revenue Amount$5,014
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2012: $5,014 (it was $392,276 in 2011)
This organization: 

 $5,014
Other organizations performing similar types of work: 

 $135,279

Assets in 2012: $1,642,178 (it was $2,034,210 in 2011)
This organization: 

 $1,642,178
Other organizations performing similar types of work: 

 $114,906

Expenses in 2012: $86,150
Greece Economic Development Projects Inc: 

 $86,150
Other organizations performing similar types of work: 

 $121,073

Income to expenses ratio in 2012: 0.1
Greece Economic Development Projects Inc: 

 0.1
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2012: 0.0%
Greece Economic Development Projects Inc: 

 0.0%
Other organizations performing similar types of work: 

 8.8%

Financial snapshot ($)

Revenue 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?No
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$5,014
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$4,926
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$88
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$0
Statement of Functional Expenses (for 2012)
Total functional expenses$86,150
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$86,150
Balance Sheet (for 2012)
Total assets$1,642,178
Total liabilities$879,652
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$876,953
Unsecured notes and loans payable to unrelated third parties$0
Other$2,699
Total net assets or fund balances$762,526
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1West River Foundation For Economic And Community DevelopmentPO BOX 605, Sturgis, SD 57785-0605SD2000-10$1,093,865
2Venture For America Inc40 W 29th St Rm 301, New York, NY 10001-4207NY2011-04$5,285,824
3Jefferson County Local Development Corporation800 Starbuck Ave, Watertown, NY 13601-1659NY2014-03$1,750,607
4Ontario County Economic Development Corporation20 Ontario Street, Canandaigua, NY 14424-1802NY2011-09$1,184,793
5Nybdc Local Development Corporation50 Beaver St Ste 601, Albany, NY 12207-1538NY2009-10$940,091
6Erie Canalway Heritage Fund IncPo Box 219, Waterford, NY 12188NY2007-11$862,606
7White Plains Downtown District Management Association Inc14 Mamaroneck Ave, White Plains, NY 10601-3319NY2001-08$860,439
8Thousand Islands Regional Tourism Development CorporationPO BOX 400, Alex Bay, NY 13607-0400NY1998-02$816,091
9New York Communities Organizing Fund Inc24 Nevins Street 2nd Floor, Brooklyn, NY 11217-1010NY2011-03$616,895
10Sunnyside District Management AssociationPO BOX 4477, Sunnyside, NY 11104-0477NY2009-01$402,684
11Working World Inc228 Park Ave S, New York, NY 10003-1502NY2014-10$348,949
12Wyoming County Business Assistance Corporation6470 Rte 20 A Ste 4, Perry, NY 14530-9765NY2009-09$312,494
13Lewis County Development CorpPo Box 319, Croghan, NY 13327NY2006-09$304,699
14Seaway Private Equity CorporationC/O Clarkson University Box 8561, Potsdam, NY 13699-0001NY2007-03$242,942
15Cayuga Economic Development Agency Inc2 State St, Auburn, NY 13021-3625NY2011-08$217,173
16Peconic Green Growth Inc651 West Main Street, Riverhead, NY 11901NY2011-03$215,515
17Livingston County Development Corp6 Court St Rm 306, Geneseo, NY 14454-1276NY2010-08$196,282
18Arise Of Northern New York IncPO BOX 1200, Tupper Lake, NY 12986NY2011-01$165,397
19Westminster Economic Developmentinitiative Inc25 Grant St, Buffalo, NY 14213-1902NY2007-01$143,106
20Ticonderoga Revitalization Alliance IncPO BOX 247, Ticonderoga, NY 12883-0247NY2013-11$128,171
Number of organizations performing similar types of work
Alaska23
Alabama64
Arkansas29
Arizona41
California299
Colorado47
Connecticut39
District of Columbia35
Delaware8
Florida134
Georgia71
Hawaii27
Iowa63
Idaho15
Illinois108
Indiana79
Kansas46
Kentucky50
Louisiana73
Massachusetts46
Maryland54
Maine37
Michigan101
Minnesota55
Missouri99
Mississippi38
Montana36
North Carolina125
North Dakota13
Nebraska37
New Hampshire25
New Jersey61
New Mexico41
Nevada16
New York213
Ohio149
Oklahoma39
Oregon51
Pennsylvania173
Rhode Island6
South Carolina63
South Dakota34
Tennessee56
Texas168
Utah17
Virginia62
Vermont16
Washington47
Wisconsin61
West Virginia39
Wyoming14
International10
Total3,253

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