Downtown Bloomsburg Inc in Bloomsburg, Pennsylvania (PA)
Table of contents:
| Downtown Bloomsburg Inc | |
| Employer Identification Number (EIN) | 204625219 |
| Name of Organization | Downtown Bloomsburg Inc |
| In Care of Name | Randolph C Brown |
| Address | 238 Market St, Bloomsburg, PA 17815-1727 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2007 |
| 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 | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $114,002 |
| Amount of Income | $135,605 |
| Form 990 Revenue Amount | $82,841 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2014: $135,605 (it was $97,445 in 2013)
| Downtown Bloomsburg Inc: | $135,605 |
| Other organizations performing similar types of work: | $738,131 |
Assets in 2014: $114,002 (it was $110,550 in 2013)
| This organization: | $114,002 |
| Other organizations performing similar types of work: | $2,863,992 |
Expenses in 2013: $68,186
| Downtown Bloomsburg Inc: | $68,186 |
| Other organizations performing similar types of work: | $653,069 |
Income to expenses ratio in 2013: 2.0
| Downtown Bloomsburg Inc: | 2.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 70.7%
| This organization: | 70.7% |
| Other organizations performing similar types of work: | 37.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $63,769 | $71,144 | $97,445 |
| Contributions, gifts, grants, and similar amounts received | $44,910 | $54,717 | $68,900 |
| Program service revenue including government fees and contracts | $0 | $0 | $10,380 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $70 | $82 | $81 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $18,789 | $16,345 | $18,084 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $49,220 | $53,873 | $68,704 |
| Less: direct expenses from gaming and fundraising events | $30,431 | $37,528 | $50,620 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $35,957 | $56,188 | $68,186 |
| Total net assets | $59,447 | $74,403 | $103,662 |
| Excess/Deficit for the year | $27,812 | $14,956 | $29,259 |
| Net assets or fund balances at beginning of year | $39,139 | $59,447 | $74,403 |
| Other changes in net assets or fund balances | $-7,504 | $0 | $0 |
| Net assets or fund balances at end of year | $74,403 | $103,662 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $88,076 | $80,350 | $110,550 |
| Total liabilities | $28,629 | $5,947 | $6,888 |
| Net assets or fund balances | $59,447 | $74,403 | $103,662 |
| 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 | $584,134 |
| Subtotal | $588,927 |
| Gifts, grants, contributions, and membership fees received | $317,611 |
| 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 | $271,316 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 | $4,793 |
| Amounts received from disqualified persons | $4,793 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $589,724 |
| Public support | $588,927 |
| Subtotal | $797 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $797 |
| 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 | Beaver County Corporation For Economic Development | 250 Insurance St Ste 300, Beaver, PA 15009-2760 | PA | 1986-05 | $3,309,629 |
| 2 | Scranton Lackawanna Industrial Building Company, Slibco | 222 Mulberry St, Scranton, PA 18503-1210 | PA | 1947-06 | $2,670,140 |
| 3 | Pittsburgh Economic And Industrial Development Corporation | 200 Ross St Fl 12, Pittsburgh, PA 15219-2014 | PA | 1995-11 | $2,271,897 |
| 4 | Harristown Development Corporation, Harrisburg Realty Improvements Corp | 11 N Third Street, Harrisburg, PA 17101-1733 | PA | 1985-07 | $1,272,705 |
| 5 | Community Development Corp Of Butler County | 112 Hollywood Dr Ste 102, Butler, PA 16001-5691 | PA | 1962-02 | $1,006,241 |
| 6 | Ridc Fund For Economic Growth | 210 6th Ave Ste 3620, Pittsburgh, PA 15222-2602 | PA | 1990-09 | $631,877 |
| 7 | Strategic Investment Fund Inc | 535 Smithfield St Ste 1025, Pittsburgh, PA 15222-2318 | PA | 1998-07 | $518,210 |
| 8 | North Philadelphia Financial Partnership | 1501 N Broad St Ste 219, Philadelphia, PA 19122-3319 | PA | 1997-06 | $505,384 |
| 9 | Bradford Economic Development Corporation | PO BOX 490, Bradford, PA 16701-0490 | PA | 1960-09 | $275,540 |
| 10 | York County Industrial Development Authority | York, PA 17404 | PA | $209,300 | |
| 11 | Union County Economic Development Corp | 75 Chestnut St, Cranford, NJ 07016-2937 | NJ | 1979-04 | $2,780,218 |
| 12 | Rock Hill Economic Development Corporation | PO BOX 11706, Rock Hill, SC 29731-1706 | SC | 1984-01 | $1,413,791 |
| 13 | Sobro Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1983-06 | $671,663 |
| 14 | Watertown Industrial Center Local Development Corporation | 800 Starbuck Avenue, Watertown, NY 13601-1659 | NY | 1995-02 | $470,496 |
| 15 | The Downtown Shareholders Of Kansas City Kansas Inc | 726 Armstrong Ave, Kansas City, KS 66101-2702 | KS | 2008-03 | $456,374 |
| 16 | Ulster County Development Corporation | 5 Development Ct, Kingston, NY 12401-1949 | NY | 1981-03 | $114,394 |
| 17 | Superior Development Corporation | 354 N Commercial Ave, Superior, NE 68978-1724 | NE | 2006-03 | $78,567 |
| 18 | Schenectady Local Development Corp | 105 Jay St, Schenectady, NY 12305-1905 | NY | 1991-03 | $71,135 |
| 19 | Southern Windsor County Incubator Inc | 14 Clinton St Ste 7, Springfield, VT 05156-3302 | VT | 2006-12 | $22,644 |
| 20 | Livable Communities Inc | 22 Canterbury Court, Lititz, PA 17543 | PA | 2001-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 155 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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