Metropolitan Denver Local Development Corporation in Denver, Colorado (CO)

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Metropolitan Denver Local Development Corporation
Employer Identification Number (EIN)742112461
Name of OrganizationMetropolitan Denver Local Development Corporation
Address1001 S Gilpin St, Denver, CO 80209-4522
ActivitiesBusiness promotion (chamber of commerce, business league, etc.)
SubsectionBusiness League
Ruling Date07/1980
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$238,061
Amount of Income$296,659
Form 990 Revenue Amount$296,659

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$343,036
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$340,740
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$324
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$1,972
Statement of Functional Expenses (for 2011)
Total functional expenses$327,636
Compensation of current officers, directors, trustees, and key employees$147,045
Other salaries and wages$82,430
Payroll taxes$7,832
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$226,850
Total liabilities$5,000
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$221,850
Retained earnings, endowment, accumulated income, or other funds$221,850
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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30Michael P Dowling Foundation671 S Downing St, Denver, CO 80209-4433CO1997-09$420,441 is not associated with, endorsed by, or sponsored by Metropolitan Denver Local Development Corporation and has no official or unofficial affiliation with Metropolitan Denver Local Development Corporation