Downtown Milford Inc in Milford, Delaware (DE)

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Downtown Milford Inc
Employer Identification Number (EIN)510364402
Name of OrganizationDowntown Milford Inc
In Care of NameGary Prograr
Address207 S Walnut St, Milford, DE 19963-1957
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Area development, redevelopment of renewal
SubsectionCharitable Organization
Ruling Date05/1996
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period10/2011
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$125,006
Amount of Income$86,588
Form 990 Revenue Amount$86,588
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General)


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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$86,588
Contributions, gifts, grants, and similar amounts received$54,936
Program service revenue including government fees and contracts$28,742
Membership dues and assessments$2,200
Investment income$680
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$30
Gross sales of inventory, less returns and allowances$30
Less: cost of goods sold$0
Other revenue$0
Total expenses$108,459
Total net assets$114,146
Deficit for the year$-21,871
Net assets or fund balances at beginning of year$136,017
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$125,006
Total liabilities$10,860
Net assets or fund balances$114,146
Other Information (for 2011)
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 2011)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$341,909
Gifts, grants, contributions, and membership fees received$331,248
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$10,661
Gross receipts from related activities, etc.$28,772
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