The Business Institute Of Washington in Bellevue, Washington (WA)
Table of contents:
| The Business Institute Of Washington | |
| Employer Identification Number (EIN) | 141963077 |
| Name of Organization | The Business Institute Of Washington |
| In Care of Name | Erin Mccallum |
| Address | 1603 116th Ave Ne Ste 120, Bellevue, WA 98004-3009 |
| Subsection | Charitable Organization, Educational 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 | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $10,954 |
| Amount of Income | $7,500 |
| Form 990 Revenue Amount | $7,500 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $7,500 (it was $68,100 in 2012)
| This organization: | $7,500 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $10,954 (it was $30,436 in 2012)
| This organization: | $10,954 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $26,778
| This organization: | $26,778 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 0.3
| The Business Institute Of Washington: | 0.3 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 100.0%
| The Business Institute Of Washington: | 100.0% |
| Other organizations performing similar types of work: | 8.8% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $35,831 | $68,100 | $7,500 |
| Contributions, gifts, grants, and similar amounts received | $35,831 | $68,100 | $7,500 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| 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 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $30,269 | $63,539 | $26,778 |
| Total net assets | $25,993 | $30,436 | $10,721 |
| Excess/Deficit for the year | $5,562 | $4,561 | $-19,278 |
| Net assets or fund balances at beginning of year | $18,695 | $25,875 | $29,999 |
| Other changes in net assets or fund balances | $1,736 | $0 | $0 |
| Net assets or fund balances at end of year | $30,436 | $9,435 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $25,993 | $30,436 | $10,954 |
| Total liabilities | $0 | $0 | $233 |
| Net assets or fund balances | $25,993 | $30,436 | $10,721 |
| 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 | $228,799 |
| Subtotal | $228,799 |
| Gifts, grants, contributions, and membership fees received | $228,799 |
| 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 | $0 |
| 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 | $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 | $228,799 |
| Public support | $228,799 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | West River Foundation For Economic And Community Development | PO BOX 605, Sturgis, SD 57785-0605 | SD | 2000-10 | $1,093,865 |
| 2 | South Central Workforce Development Council | 120 S 3rd St Ste 200a, Yakima, WA 98901-2868 | WA | 2007-09 | $5,516,758 |
| 3 | Spokane Area Workforce Development Council | 2000 N Greene St Ms 2158, Spokane, WA 99217-5410 | WA | 2014-04 | $4,097,869 |
| 4 | Tacoma Tall Ships Organization Inc | PO BOX 1432, Tacoma, WA 98401-1432 | WA | 2006-11 | $1,584,144 |
| 5 | Mifos Initiative | 19330 83rd Pl W, Edmonds, WA 98026-6229 | WA | 2013-07 | $933,796 |
| 6 | Downtown Pasco Development Authority | PO BOX 688, Pasco, WA 99301-1209 | WA | 2013-03 | $210,701 |
| 7 | Wenatchee Downtown Association | 103 Palouse St Ste 35, Wenatchee, WA 98801-2251 | WA | 2011-04 | $200,183 |
| 8 | Lummi Community Development Institution | PO BOX 1947, Ferndale, WA 98248-1947 | WA | 2012-01 | $197,099 |
| 9 | San Juan County Economic Development Council | PO BOX 3053, Friday Harbor, WA 98250-3053 | WA | 2003-08 | $181,493 |
| 10 | Friends Of The Chehalis Community Renaissance | PO BOX 957, Chehalis, WA 98532 | WA | 2010-12 | $160,234 |
| 11 | Northwest Economic Council Foundation - Whatcom County | Po Box 2803, Bellingham, WA 98227 | WA | 2009-09 | $125,300 |
| 12 | Lacrosse Community Pride | PO BOX 321, Lacrosse, WA 99143-0321 | WA | 2011-11 | $107,476 |
| 13 | Northwest Innovation Resource Center | 2200 Rimland Dr Ste 210, Bellingham, WA 98226-6643 | WA | 2010-12 | $45,944 |
| 14 | The Business Institute Of Washington | 1603 116th Ave Ne Ste 120, Bellevue, WA 98004-3009 | WA | 2007-05 | $7,500 |
| 15 | Kelso Downtown Revitalization Association | PO BOX 1131, Kelso, WA 98626 | WA | 2009-04 | $2,145 |
| 16 | Angels For Angels, Angels For Angels A4a | 12704 8th Ave Sw, Burien, WA 98146 | WA | 2012-03 | $0 |
| 17 | Colfax Downtown Association | 124 N Main, Colfax, WA 99111 | WA | 2007-08 | $0 |
| 18 | Community Tax Project | 120 E 92nd St, Tacoma, WA 98445-2100 | WA | 2014-09 | $0 |
| 19 | Connell Downtown Development Assoc | PO BOX 500, Connell, WA 99326 | WA | 2007-07 | $0 |
| 20 | Darrington Area Business Association | PO BOX 822, Darrington, WA 98241-0822 | WA | 2011-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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