New York Family Business Center Inc in Syracuse, New York (NY)

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New York Family Business Center Inc
Employer Identification Number (EIN)264561550
Name of OrganizationNew York Family Business Center Inc
Address1419 Salt Springs Rd Box 98 Gh200, Syracuse, NY 13214-1302
SubsectionBusiness League
Ruling Date09/2010
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$32,092
Amount of Income$126,577
Form 990 Revenue Amount$123,339
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Management Services for Small Business, Entrepreneurs


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Amount of income in 2013: $126,577 (it was $97,622 in 2012)
This organization: 

 $126,577
Other organizations performing similar types of work: 

 $127,010

Assets in 2013: $32,092 (it was $8,567 in 2012)
This organization: 

 $32,092
Other organizations performing similar types of work: 

 $83,317

Expenses in 2013: $82,287
New York Family Business Center Inc: 

 $82,287
Other organizations performing similar types of work: 

 $154,560

Income to expenses ratio in 2013: 1.5
This organization: 

 1.5
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 6.2%
This organization: 

 6.2%
Other organizations performing similar types of work: 

 40.6%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$70,229$95,155$123,339
Contributions, gifts, grants, and similar amounts received$450$0$7,600
Program service revenue including government fees and contracts$37,428$46,105$51,371
Membership dues and assessments$30,257$45,205$51,150
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$2,094$3,845$762
Gross income from gaming$1,210$0$0
Gross income from fundraising events$6,415$6,312$4,000
Less: direct expenses from gaming and fundraising events$5,531$2,467$3,238
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$12,456
Total expenses$101,167$90,309$82,287
Total net assets$-13,806$-8,960$32,092
Excess/Deficit for the year$-30,938$4,846$41,052
Net assets or fund balances at beginning of year$17,132$-13,806$-8,960
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$-8,960$32,092
Balance Sheets
201120122013
Total assets$13,490$8,567$32,092
Total liabilities$27,296$17,527$0
Net assets or fund balances$-13,806$-8,960$32,092
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1National Center For Civic Innovation Inc121 Sixth Avenue, New York, NY 10013-1510NY2002-10$6,569,489
2Count Me In For Womens Economic Independence Inc240 Central Park S Apt 7h, New York, NY 10019-1452NY1989-05$2,335,492
3Media Law Resource Center Inc520 8th Ave N Tower 20th Flr, New York, NY 10018-6507NY1999-01$1,439,932
4Launch New York Inc12 Fountain Plz Ste 600, Buffalo, NY 14202-2222NY2013-02$810,567
5Second Century Innovation And Ideas Corporation, Sci163 William St 3rd Flr, New York, NY 10038-2602NY2005-09$544,209
6Womens Venture Fund Inc220 5th Ave Fl 9, New York, NY 10001-7721NY1995-05$516,693
7Ehof International Inc Not-For-Profit1264 Amsterdam Ave Apt 6b, New York, NY 10027-5030NY2011-05$227,478
8New York Family Business Center Inc1419 Salt Springs Rd Box 98 Gh200, Syracuse, NY 13214-1302NY2010-09$126,577
9Tzedec Economic Development Fund201 I U Willets Rd, Albertson, NY 11507-1516NY1999-09$117,118
10Microlumbia Inc3022 Broadway - Uris Hall, New York, NY 10027NY2009-05$7,807
11Five Flags Company Inc1000 Clove Rd Apt 4g, Staten Island, NY 10301-3640NY2014-10$4,389
12Bikita Inc132 Sycamore Circle, Stony Brook, NY 11790NY2014-12$0
13Black Business Directory Inc30 Princeton Ln, Fairport, NY 14450-9021NY2014-08$0
14Casa Cyber Inc2359 86th St 2nd Floor, Brooklyn, NY 11214-4309NY2013-05$0
15Centerspace Inc70 W Chippewa St Suite 604, Buffalo, NY 14202NY2014-03$0
16Darkhorse Investors30 Vesey St Rm 1800, New York, NY 10007-2979NY2010-06$0
17Escot Incorporated391 Western Avenue, Albany, NY 12203NY2001-07$0
18Internet Equality, Internetequalityorg FoundationPo Box 932, New York, NY 10030NY2009-06$0
19Mentor Fund Inc116 Avenue C No19, New York, NY 10009NY2008-10$0
20Project Breaker Inc123 William St Rm 801, New York, NY 10038-3825NY2014-12$0
Number of organizations performing similar types of work
Alaska2
Alabama5
Arkansas4
Arizona10
California76
Colorado14
Connecticut7
District of Columbia7
Florida26
Georgia20
Hawaii5
Iowa8
Idaho3
Illinois22
Indiana11
Kansas3
Kentucky5
Louisiana6
Massachusetts18
Maryland19
Maine3
Michigan16
Minnesota8
Missouri13
Mississippi6
Montana3
North Carolina18
North Dakota1
Nebraska5
New Jersey6
New Mexico5
Nevada4
New York26
Ohio16
Oklahoma5
Oregon5
Pennsylvania12
Rhode Island1
South Carolina12
South Dakota4
Tennessee10
Texas27
Utah1
Virginia14
Vermont2
Washington10
Wisconsin8
West Virginia3
Wyoming1
International2
Total518

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