Owego Marketplace Inc in Owego, New York (NY)
Table of contents:
| Owego Marketplace Inc | |
| Employer Identification Number (EIN) | 161057671 |
| Name of Organization | Owego Marketplace Inc |
| Address | PO BOX 425, Owego, NY 13827-0425 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Area development, redevelopment of renewal, Other cultural or historical activities |
| Subsection | Charitable Organization |
| Ruling Date | 04/1978 |
| 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 | $220,445 |
| Amount of Income | $68,465 |
| Form 990 Revenue Amount | $68,465 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $68,465 (it was $124,849 in 2012)
| Owego Marketplace Inc: | $68,465 |
| Other organizations performing similar types of work: | $219,690 |
Assets in 2013: $220,445 (it was $225,742 in 2012)
| Owego Marketplace Inc: | $220,445 |
| Other organizations performing similar types of work: | $475,649 |
Expenses in 2013: $69,562
| This organization: | $69,562 |
| Other organizations performing similar types of work: | $225,641 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 17.5%
| This organization: | 17.5% |
| Other organizations performing similar types of work: | 35.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $92,508 | $124,849 | $68,465 |
| Contributions, gifts, grants, and similar amounts received | $42,466 | $62,581 | $11,954 |
| Program service revenue including government fees and contracts | $45,813 | $58,662 | $52,062 |
| Membership dues and assessments | $4,225 | $3,600 | $4,444 |
| Investment income | $4 | $6 | $5 |
| 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 | $0 | $0 | $0 |
| Total expenses | $52,377 | $50,601 | $69,562 |
| Total net assets | $125,294 | $199,542 | $198,445 |
| Excess/Deficit for the year | $40,131 | $74,248 | $-1,097 |
| Net assets or fund balances at beginning of year | $85,163 | $125,294 | $199,542 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $199,542 | $198,445 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $168,494 | $225,742 | $220,445 |
| Total liabilities | $43,200 | $26,200 | $22,000 |
| Net assets or fund balances | $125,294 | $199,542 | $198,445 |
| 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: (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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $426,678 |
| Subtotal | $426,678 |
| Gifts, grants, contributions, and membership fees received | $157,608 |
| 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 | $250,570 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $18,500 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $426,710 |
| Public support | $426,678 |
| Subtotal | $32 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $32 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | University Heights Science And Technology Park Inc | 65 Bergen Street, Newark, NJ 07107-3001 | NJ | 1993-09 | $1,678,020 |
| 2 | Griffiss Local Development Corporation | 584 Phoenix Dr, Rome, NY 13441-4913 | NY | 1995-03 | $7,910,116 |
| 3 | Harlem Commonwealth Council Inc | 361 West 125th Street 4th Floor, New York, NY 10027-4843 | NY | 1997-04 | $2,348,159 |
| 4 | Staten Island Economic Development Corporation | 900 South Ave Ste 402, Staten Island, NY 10314-3429 | NY | 1994-03 | $1,657,591 |
| 5 | Queens Economic Development Corporation | 12055 Queens Blvd Rm 309, Kew Gardens, NY 11424-1015 | NY | 1977-12 | $1,603,459 |
| 6 | Village Alliance District Management Association Inc | 8 East 8th Street, New York, NY 10003-5915 | NY | 1994-11 | $1,065,643 |
| 7 | 82nd St District Management Association | 37-06 82 Street, Jackson Heights, NY 11372-7017 | NY | 1993-06 | $338,577 |
| 8 | Applied Technology Center Corporation | 510 Grumman Rd W, Bethpage, NY 11714-3631 | NY | 1997-09 | $121,473 |
| 9 | Empire State Advantage Inc | 98 Lomb Memorial Dr, Rochester, NY 14623-5604 | NY | 1993-07 | $84,112 |
| 10 | Owego Marketplace Inc | PO BOX 425, Owego, NY 13827-0425 | NY | 1978-04 | $68,465 |
| 11 | Regional Economic Development & Energy Corporation | 8 Denison Pkwy E Ste 403, Corning, NY 14830-2636 | NY | 1981-02 | $57,270 |
| 12 | Vannguard Local Development Corporation | 613-619 George Glee Jr Way 3fl, Brooklyn, NY 11216 | NY | 1997-05 | $20,668 |
| 13 | Hudson Development Corporation | 1 N Front St, Hudson, NY 12534-2001 | NY | 1984-12 | $7,320 |
| 14 | Brooklyn Goes Global Inc | 25 Elm Pl Ste 200, Brooklyn, NY 11201-5826 | NY | 1996-09 | $0 |
| 15 | Center For Neighborhood Economic Development Inc | 2910 Thomson Ave Fl 9, Long Is City, NY 11101-2940 | NY | 1994-03 | $0 |
| 16 | Flatbush East Community Development Corp | 1814 Nostrand Ave, Brooklyn, NY 11226-7132 | NY | 1982-11 | $0 |
| 17 | Flatbush Gateway Community Development Corp | 2211 Church Ave Ste 302, Brooklyn, NY 11226-3279 | NY | 1995-05 | $0 |
| 18 | New Rochelle Overall Economic Development Corp | 515 North Ave, New Rochelle, NY 10801-3405 | NY | 1995-10 | $0 |
| 19 | Oneida County Job Development Corporation | 153 Brooks Rd, Rome, NY 13441-4105 | NY | 1997-03 | $0 |
| 20 | Plattsburgh City Local Development Corporation Inc | 41 City Hall Place, Plattsburgh, NY 12901 | NY | 1997-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 235 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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