Cresco Industrial Development Corporation in Cresco, Iowa (IA)

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Cresco Industrial Development Corporation
Employer Identification Number (EIN)421138199
Name of OrganizationCresco Industrial Development Corporation
Address101 2d Ave Se, Cresco, IA 52136
SubsectionChamber of Commerce
Ruling Date04/1980
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period03/2013
Assets$500,000 to $999,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$781,141
Amount of Income$36,482
Form 990 Revenue Amount$36,482

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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
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 2012)
Total revenue$25,141
Contributions, Gifts, Grants and Other Similar Amounts$200
Program Service Revenue$12,000
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$12,941
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$0
Statement of Functional Expenses (for 2012)
Total functional expenses$10,899
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$6,000
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2012)
Total assets$737,818
Total liabilities$361,000
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$361,000
Total net assets or fund balances$376,818
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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