Virgin Islands Economic Leadership Council Inc, Vielc in Christiansted, (international)

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Virgin Islands Economic Leadership Council Inc, Vielc
Employer Identification Number (EIN)660749419
Name of OrganizationVirgin Islands Economic Leadership Council Inc
Secondary NameVielc
Address1246 Queen Cross St Ste 1, Christiansted
SubsectionCivic League
Ruling Date08/2013
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$10,000 to $24,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$13,018
Amount of Income$137,500
Form 990 Revenue Amount$137,500
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2012: $137,500 (it was $224,000 in 2011)
This organization: 

 $137,500
Other organizations performing similar types of work: 

 $135,279

Assets in 2012: $13,018 (it was $28,016 in 2011)
This organization: 

 $13,018
Other organizations performing similar types of work: 

 $114,906

Expenses in 2012: $152,498
Virgin Islands Economic Leadership Council Inc, Vielc: 

 $152,498
Other organizations performing similar types of work: 

 $121,073

Income to expenses ratio in 2012: 0.9
Virgin Islands Economic Leadership Council Inc, Vielc: 

 0.9
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 8.8%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$137,500
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$137,500
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$152,498
Total net assets$13,018
Deficit for the year$-14,998
Net assets or fund balances at beginning of year$28,016
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$13,018
Total liabilities$0
Net assets or fund balances$13,018
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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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
2West Penn Power Sustainable Energy Fund40 North Pennsylvania Avenue, Greensburg, PA 15601-2341PA2000-07$30,412,808
3Louisiana State University System Research And Technology Foundation101 Letc 110 Lsu Union Sq, Baton Rouge, LA 70803-0001LA2007-11$20,520,539
4South Alabama Regional Planning Commission651 Church St, Mobile, AL 36602-1603AL1999-11$17,329,776
5Pidc-Local Development Corporation1500 Market St Ste 2600w, Philadelphia, PA 19102-2115PA2011-02$13,091,627
6Whole Planet Foundation550 Bowie St, Austin, TX 78703-4644TX2007-07$12,991,792
7Chicago Neighborhood Initiatives Inc1000 E 111th Street No 10 Flr, Chicago, IL 60628-4614IL2010-08$11,964,086
8Vocational Development Center Inc612 S Main St, Council Blfs, IA 51503-6509IA1968-09$10,713,154
9Waterbury Development Corporation83 Bank St Fl 3, Waterbury, CT 06702-2232CT2000-04$10,173,294
10T R W I B Inc650 Smithfield St Ste 2600, Pittsburgh, PA 15222-3915PA2002-06$10,056,465
11El Corredor Tecno Economico De Puerto Rico Y El CaribeParque Industrial La Quinta, Mayaguezinternational2006-09$329,030
12Desarrollo Integral Del Sur Inc742 Ave Tito Castro, Ponceinternational2008-11$252,943
13Asesores Financieros Comunitarios IncPO BOX 192726, San Juaninternational2010-10$175,712
14Virgin Islands Economic Leadership Council Inc, Vielc1246 Queen Cross St Ste 1, Christianstedinternational2013-08$137,500
15Enterprize Events Inc650 Plza 650 Munoz Rivera Ave, San Juaninternational2007-06$126,109
16Arranca Pr CorpPO BOX 2598, Isabelainternational2015-01$0
17Frederiksted Economic Development Association Inc69 King St, Frederikstedinternational2009-06$0
18Higher Heights Achievement Center Corp7313 Estate Bovoni 263, St Thomasinternational2004-04$0
19Island Development IncPO BOX 4255, Pago Pagointernational2000-11$0
20Junta De Exportacion Del Cafe 100pct De Puerto Rico Inc100 Grand Paseos Blvd Ste 112 Pmb, San Juaninternational2010-01$0
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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