Downtown Lima Inc in Lima, Ohio (OH)

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Downtown Lima Inc
Employer Identification Number (EIN)311549007
Name of OrganizationDowntown Lima Inc
In Care of NameCharles W Daley
Address144 S Main St Ste 201, Lima, OH 45801-4920
SubsectionCharitable Organization
Ruling Date04/1999
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 Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$236,685
Amount of Income$134,643
Form 990 Revenue Amount$112,859
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2013: $134,643 (it was $112,975 in 2012)
This organization: 

 $134,643
Other organizations performing similar types of work: 

 $135,279

Assets in 2013: $236,685 (it was $234,939 in 2012)
Downtown Lima Inc: 

 $236,685
Other organizations performing similar types of work: 

 $114,906

Expenses in 2013: $106,655
This organization: 

 $106,655
Other organizations performing similar types of work: 

 $121,073

Income to expenses ratio in 2013: 1.3
This organization: 

 1.3
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2013: 12.3%
Downtown Lima Inc: 

 12.3%
Other organizations performing similar types of work: 

 8.8%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$101,752$94,780$112,859
Contributions, gifts, grants, and similar amounts received$1,350$2,250$13,860
Program service revenue including government fees and contracts$12,932$12,791$15,389
Membership dues and assessments$69,400$64,975$68,365
Investment income$4,889$4,796$3,146
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$11,367$7,800$8,080
Gross income from gaming$0$0$0
Gross income from fundraising events$24,448$25,995$29,864
Less: direct expenses from gaming and fundraising events$13,081$18,195$21,784
Gross profit/loss from sales of inventory$0$0$0
Other revenue$1,814$2,168$4,019
Total expenses$102,410$103,392$106,655
Total net assets$237,925$229,313$235,517
Excess/Deficit for the year$-658$-8,612$6,204
Net assets or fund balances at beginning of year$238,583$237,925$229,313
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$229,313$235,517
Balance Sheets
201120122013
Total assets$240,535$234,939$236,685
Total liabilities$2,610$5,626$1,168
Net assets or fund balances$237,925$229,313$235,517
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: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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$606,232
Subtotal$606,232
Gifts, grants, contributions, and membership fees received$422,801
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$89,664
Gross receipts from activities that are not an unrelated trade or business under section 513$93,767
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$642,515
Public support$606,232
Subtotal$28,266
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$28,266
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$8,017
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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
2Wright Brothers Institute Inc5000 Springfield Pike Suite 100, Dayton, OH 45431OH2003-05$3,968,605
3Lake Erie Energy Development Corporation1938 Euclid Ave Ste 200, Cleveland, OH 44115-2254OH2011-01$3,376,185
4Northeast Ohio Sustainable Communities Consortium1299 Superior Ave E, Cleveland, OH 44114-3204OH2012-06$3,272,026
5Appalachian Partnership Inc35 Public Sq, Nelsonville, OH 45764-1132OH2012-05$2,510,872
6Southside Community Development Corporation345 Oak Hill Ave, Youngstown, OH 44502-1450OH1999-04$2,474,053
7Consortium For Ongoing Reinvestment Efforts, Core Fund236 High St, Hamilton, OH 45011-2711OH2014-04$2,449,697
8United North Corporation3106 Lagrange St, Toledo, OH 43608-1802OH2007-07$1,979,046
9Tech Belt Energy Innovation Center147 W Market St, Warren, OH 44481-1022OH2011-05$853,716
10Short North Alliance Inc21 E 5th Ave Unit 103, Columbus, OH 43201-4532OH2012-05$806,743
11Community Improvement Corporation Of Fairlawn Ohio3487 S Smith Rd, Fairlawn, OH 44333-3007OH2014-07$631,200
12Development Fund Of The Western Reserve Inc47 North Main Street No 407, Akron, OH 44308-1925OH2011-10$615,813
13Stockyard Redevelopment Organization6605 Clark Ave Ste 101, Cleveland, OH 44102-5330OH1999-02$359,050
14Westerville Industry And Commerce CorporPO BOX 6107, Westerville, OH 43086-6107OH2010-09$330,093
15Summit Medina Business Alliance Inc166 S High St Rm 509, Akron, OH 44308-1627OH2007-11$311,512
16Preble County Development PartnershipPO BOX 303, Eaton, OH 45320-0303OH2011-08$309,904
17Northwest Ohio Development Assistance Corporation1 Maritime Plz Fl 7, Toledo, OH 43604-1853OH2011-06$283,781
18Grow Licking County50 W Locust St, Newark, OH 43055-5043OH2013-07$272,000
19Columbus 2020 Foundation150 S Front St No 200, Columbus, OH 43215OH2012-04$262,529
20Viva South Toledo Cdc303 Morris St, Toledo, OH 43604-8874OH1994-07$217,975
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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