Wessington Springs Area Development Corp in Wessingtn Spg, South Dakota (SD)
Table of contents:
| Wessington Springs Area Development Corp | |
| Employer Identification Number (EIN) | 460336659 |
| Name of Organization | Wessington Springs Area Development Corp |
| Address | PO BOX 132, Wessingtn Spg, SD 57382-0132 |
| Activities | Area development, redevelopment of renewal |
| Subsection | Charitable Organization |
| Ruling Date | 02/1997 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $85,562 |
| Amount of Income | $41,341 |
| Form 990 Revenue Amount | $35,068 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Rural Development |
Non-representatives - add comments:
Amount of income in 2013: $41,341 (it was $92,249 in 2012)
| Wessington Springs Area Development Corp: | $41,341 |
| Other organizations performing similar types of work: | $404,246 |
Assets in 2013: $85,562 (it was $101,579 in 2012)
| Wessington Springs Area Development Corp: | $85,562 |
| Other organizations performing similar types of work: | $945,616 |
Expenses in 2013: $41,348
| Wessington Springs Area Development Corp: | $41,348 |
| Other organizations performing similar types of work: | $419,661 |
Income to expenses ratio in 2013: 1.0
| Wessington Springs Area Development Corp: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 97.6%
| Wessington Springs Area Development Corp: | 97.6% |
| Other organizations performing similar types of work: | 96.3% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $117,040 | $130,829 | $86,665 | $35,068 |
| Contributions, gifts, grants, and similar amounts received | $18,016 | $17,345 | $17,083 | $34,235 |
| Program service revenue including government fees and contracts | $75,723 | $89,609 | $52,369 | $0 |
| Membership dues and assessments | $3,600 | $6,185 | $1,480 | $0 |
| Investment income | $6,191 | $3,271 | $3,686 | $2,476 |
| Gain/Loss from sale of assets other than inventory | $2,530 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-3,018 | $-1,374 | $-2,220 | $-2,802 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $3,856 | $1,993 | $3,364 | $3,471 |
| Less: direct expenses from gaming and fundraising events | $6,874 | $3,367 | $5,584 | $6,273 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $13,998 | $15,793 | $14,267 | $1,159 |
| Total expenses | $116,095 | $117,766 | $95,219 | $41,348 |
| Total net assets | $97,069 | $110,133 | $101,579 | $85,562 |
| Excess/Deficit for the year | $945 | $13,063 | $-8,554 | $-6,280 |
| Net assets or fund balances at beginning of year | $95,573 | $97,070 | $110,133 | $101,579 |
| Other changes in net assets or fund balances | $551 | $0 | $0 | $-9,737 |
| Net assets or fund balances at end of year | $101,579 | $85,562 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $97,069 | $110,133 | $101,579 | $85,562 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $97,069 | $110,133 | $101,579 | $85,562 |
| Other Information | ||||
| 2010 | 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 | Yes | Yes | Yes |
| Has the organization filed a Form 990-T for the year? | Yes | Yes | ||
| 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $120,965 |
| Subtotal Support | $120,965 |
| Gifts, grants, contributions, and membership fees received | $120,965 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $120,965 |
| Public Support | $120,965 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Western Dairyland Economic Opportunity Council Incorporated | PO BOX 125, Independence, WI 54747-0125 | WI | 1966-10 | $12,080,541 |
| 2 | West Alabama Regional Commission | PO BOX 509, Northport, AL 35476-0509 | AL | 1976-06 | $9,094,457 |
| 3 | Western Arkansas Planning And, Frontier Metropolitan Planning Orga | PO BOX 2067, Fort Smith, AR 72902-2067 | AR | 1972-08 | $8,460,890 |
| 4 | Rural Enterprises Of Oklahoma Inc | 2912 Enterprise Blvd, Durant, OK 74701-1963 | OK | 1982-03 | $5,666,750 |
| 5 | Rural America Initiatives | 628 1/2 6th St Ste 201, Rapid City, SD 57701-2749 | SD | 1987-03 | $4,633,299 |
| 6 | Texas Rural Communities Inc | 168 Cimarron Park Loop, Buda, TX 78610-2800 | TX | 1965-09 | $2,232,785 |
| 7 | Southeast Alabama Self Help Assn Inc | PO BOX 1080, Tuskegee Inst, AL 36087-1080 | AL | 1968-09 | $2,096,135 |
| 8 | West Virginia Community Action Partnerships Inc | 2 Hale St Ste 100, Charleston, WV 25301-2834 | WV | 1990-05 | $1,386,263 |
| 9 | Western Catskills Community Revitalization Council Inc | 125 Main St Ste A, Stamford, NY 12167-1162 | NY | 1981-08 | $1,101,375 |
| 10 | Community And Economic Development Associates | PO BOX 483, Chatfield, MN 55923-0483 | MN | 1987-01 | $905,291 |
| 11 | Rural Economic Area Partnership Investment Fund Incorporated | PO BOX 2024, Minot, ND 58702-2024 | ND | 1998-04 | $836,001 |
| 12 | Taos County Economic Development Corporation | PO BOX 1389, Taos, NM 87571-1389 | NM | 1988-06 | $613,182 |
| 13 | Rural Revitilization Corporation | 209 N Union St, Olean, NY 14760-2705 | NY | 1982-10 | $601,269 |
| 14 | Stark Development Board Inc | 116 Cleveland Ave Nw Ste 600, Canton, OH 44702-1730 | OH | 1985-08 | $410,959 |
| 15 | Stark County Out Of Poverty Partnership Incorporated | 126 Central Plz N, Canton, OH 44702-1404 | OH | 1992-12 | $328,642 |
| 16 | Ganados Del Valle | PO BOX 118, Los Olos, NM 87551-0118 | NM | 1986-03 | $297,491 |
| 17 | Scedd Development Company | 1104 N Main St, Pueblo, CO 81003-2826 | CO | 1983-11 | $212,057 |
| 18 | Western Kansas Technology Corporation | 1910 18th St Ste B, Great Bend, KS 67530-2500 | KS | 1991-12 | $105,260 |
| 19 | Southwestern Economic And Development Assoc | 1221 S Jackson Ave, El Dorado, AR 71730-7235 | AR | 1989-06 | $95,803 |
| 20 | Wessington Springs Area Development Corp | PO BOX 132, Wessingtn Spg, SD 57382-0132 | SD | 1997-02 | $41,341 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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