Marinette Area Chamber Foundation Inc in Marinette, Wisconsin (WI)
Table of contents:
| Marinette Area Chamber Foundation Inc | |
| Employer Identification Number (EIN) | 391388813 |
| Name of Organization | Marinette Area Chamber Foundation Inc |
| Address | 601 Marinette Ave, Marinette, WI 54143-1633 |
| Activities | Other instruction and training, Gifts, grants, or loans to other organizations, Area development, redevelopment of renewal |
| Subsection | Charitable Organization |
| Ruling Date | 10/1985 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| 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 | $50,557 |
| Amount of Income | $37,136 |
| Form 990 Revenue Amount | $23,625 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $37,136 (it was $35,431 in 2012)
| Marinette Area Chamber Foundation Inc: | $37,136 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2013: $50,557 (it was $54,923 in 2012)
| This organization: | $50,557 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2013: $27,991
| This organization: | $27,991 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2013: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 49.9%
| This organization: | 49.9% |
| Other organizations performing similar types of work: | 35.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $4,253 | $5,321 | $23,625 |
| Contributions, gifts, grants, and similar amounts received | $4,262 | $1,941 | $11,781 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $611 | $274 | $158 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-620 | $3,106 | $11,686 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $34,772 | $33,216 | $25,197 |
| Less: direct expenses from gaming and fundraising events | $35,392 | $30,110 | $13,511 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $6,886 | $4,532 | $27,991 |
| Total net assets | $54,136 | $54,923 | $50,557 |
| Excess/Deficit for the year | $-2,633 | $789 | $-4,366 |
| Net assets or fund balances at beginning of year | $56,769 | $54,134 | $54,923 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $54,923 | $50,557 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $54,136 | $54,923 | $50,557 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $54,136 | $54,923 | $50,557 |
| 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 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 | $14,681 |
| Subtotal Support | $14,681 |
| Gifts, grants, contributions, and membership fees received | $14,681 |
| 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 | $17,859 |
| Public Support | $14,681 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $3,178 |
| 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 | Historic Third Ward Association Inc | 219 North Milwaukee Street, Milwaukee, WI 53202-5818 | WI | 1986-04 | $2,055,515 |
| 2 | Uptown Columbus Inc | PO BOX 1237, Columbus, GA 31902-1237 | GA | 1985-04 | $12,826,789 |
| 3 | South Bronx Overall Economic Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1973-08 | $8,444,805 |
| 4 | West Central Indiana Economic Development District Inc | 1718 Wabash Ave, Terre Haute, IN 47807-3323 | IN | 1969-08 | $5,403,201 |
| 5 | South Georgia Regional Development Center | PO BOX 1223, Valdosta, GA 31603-1223 | GA | 1979-09 | $4,665,054 |
| 6 | Warriors Inc | 2733 Market St, Youngstown, OH 44507-1612 | OH | 1998-08 | $2,042,544 |
| 7 | Common Wealth Development Inc | 1501 Williamson St, Madison, WI 53703-3728 | WI | 1979-05 | $1,836,951 |
| 8 | Sierra Vista Economic Development | 750 Bartow, Sierra Vista, AZ 85635-1827 | AZ | 1987-06 | $1,835,033 |
| 9 | Oconto County Economic Development Corporation | PO BOX 43, Oconto, WI 54153-0043 | WI | 1988-10 | $359,952 |
| 10 | Downtown Racine Corp | 425 Main St, Racine, WI 53403-1030 | WI | 1982-06 | $317,064 |
| 11 | Milwaukee Riverwalk District Inc | 101 W Pleasant St, Milwaukee, WI 53212-3963 | WI | 1993-04 | $133,344 |
| 12 | Wisconsin Consumer Finance Assn Inc Plankinton Building Room 5032 | 22 E Mifflin St Ste 1010, Madison, WI 53703-4247 | WI | 1951-02 | $121,129 |
| 13 | Wauwatosa Economic Development Corporation | 1414 Underwood Ave Ste 402, Milwaukee, WI 53213-2653 | WI | 1990-09 | $108,429 |
| 14 | Berlin Community Development Corporation | PO BOX 272, Berlin, WI 54923-0272 | WI | 1993-03 | $108,395 |
| 15 | Lead Region Historic Tr Inc | PO BOX 565, Shullsburg, WI 53586-0565 | WI | 1993-03 | $96,143 |
| 16 | Lisbon Avenue Neighborhood Development Corporation | 4145 W Lisbon Ave, Milwaukee, WI 53208-1880 | WI | 1991-09 | $90,563 |
| 17 | Forward Foundation Inc | 14 Jackson St, Janesville, WI 53548-3877 | WI | 1987-12 | $69,253 |
| 18 | Marinette Area Chamber Foundation Inc | 601 Marinette Ave, Marinette, WI 54143-1633 | WI | 1985-10 | $37,136 |
| 19 | Forward Cedarburg Inc | 4501 Columbia Rd, Cedarburg, WI 53012 | WI | 1993-03 | $0 |
| 20 | Solon Springs Development Commission Inc | PO BOX 65, Solon Springs, WI 54873-0065 | WI | 1994-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 531 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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