Grove Arcade Public Market Foundation Inc in Asheville, North Carolina (NC)

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Grove Arcade Public Market Foundation Inc
Employer Identification Number (EIN)561158805
Name of OrganizationGrove Arcade Public Market Foundation Inc
Address1 Page Ave Ste 270, Asheville, NC 28801-2317
ActivitiesArea development, redevelopment of renewal
SubsectionCharitable Organization
Ruling Date02/1993
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$5,000,000 to $9,999,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$6,624,517
Amount of Income$4,477
Form 990 Revenue Amount$4,477
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Urban, Community Economic Development

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Amount of income in 2011: $4,477 (it was $11,360 in 2010)
This organization: 

Other organizations performing similar types of work: 


Assets in 2011: $6,624,517 (it was $8,538,211 in 2010)
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2010

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2010)
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 2010)
Total revenue$11,360
Contributions, Gifts, Grants and Other Similar Amounts$10,000
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$2
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$1,358
Statement of Functional Expenses (for 2010)
Total functional expenses$2,806
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2010)
Total assets$8,538,211
Total liabilities$3,343,055
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$3,343,055
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$5,195,156
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2010)
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 2010)
2006 - 2010 Total
Total Support$199,586
Gifts, grants, contributions, and membership fees received$193,598
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$5,988
Gross receipts from related activities, etc.$387,874
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1West Virginia High Technology Consortium Foundation1000 Technology Dr Ste 1000, Fairmont, WV 26554-8827WV1994-12$8,870,246
2Plymouth Industrial Development CorporationPO BOX 3165, Plymouth, MA 02361-3165MA1973-05$3,251,299
3Riley Area Development Corporation430 Massachusetts Ave Suite Ll1, Indianapolis, IN 46204-1528IN1979-08$3,015,427
4Poplar Bluff Industries Inc1111 W Pine St, Poplar Bluff, MO 63901-4841MO1965-07$2,084,383
5Historic Third Ward Association Inc219 North Milwaukee Street, Milwaukee, WI 53202-5818WI1986-04$1,811,020
6Polk Community Development CorporationPO BOX 33, Dallas, OR 97338-0033OR1995-02$1,697,980
7Citizens Economic Development IncPO BOX 66, Wentworth, NC 27375-0066NC1987-11$600,745
8Baltimore Avenue Redevelopment Corporation5001 Baltimore Ave, Philadelphia, PA 19143-1626PA1996-03$233,115
9Great Falls City Center Association Inc13 5th St N, Great Falls, MT 59401-3107MT1970-04$176,973
10Bean Capital Development Co IncPO BOX 456, Wayne City, IL 62895-0456IL1983-06$1,127
11New Newark Foundation Inc744 Broad Street Suite 1705, Newark, NJ 07102NJ1997-06$549
12Greater Jamaica Development Corp90-04 161th Street Suite 704, Jamaica, NY 11432-6141NY1994-10$19,774,999
13Corporation For Enterprise Development Cfed1200 G St Nw Ste 400, Washington, DC 20005-3832DC1980-01$8,807,136
14Prince Georges County Economic Development Corporation1100 Mercantile Lane, Largo, MD 20774-5380MD1984-04$7,953,390
15Community Action Committee Of Danbury Inc66 North St, Danbury, CT 06810-5620CT1967-02$6,767,886
16Detriot Economic Growth Association500 Griswold St Ste 2200, Detroit, MI 48226-4402MI1982-11$6,511,689
17Martin County Economic Development Corporation415 East Blvd, Williamston, NC 27892-2786NC1998-02$1,705,342
18Albemarle Downtown Development CorpPO BOX 190, Albemarle, NC 28002-0190NC1992-02$495,291
19Downtown Salisbury IncPO BOX 4166, Salisbury, NC 28145-4166NC1985-07$478,114
20Cape Fear Area Resource Centers Inc906 Fanning St, Wilmington, NC 28401NC1996-09$384,685
21Brick Capital Community Development Corporation403 W Makepeace St, Sanford, NC 27330-5223NC1993-05$335,801
22Montgomery Economic Development CorporationPO BOX 637, Troy, NC 27371-0637NC1989-08$258,085
23Cumberland Regional Improvement CorporationPO BOX 1567, Fayetteville, NC 28302-1567NC1997-09$173,792
24Downtown Goldsboro Development CorpPO BOX 202, Goldsboro, NC 27533-0202NC1980-04$105,369
25Henderson Vance Downtown Development Commission IncPO BOX 1434, Henderson, NC 27536-1434NC1987-08$90,126
26Richmond Economic Development CorporationPO BOX 504, Rockingham, NC 28380-0504NC1979-11$86,136
27Mcdowell Economic Development Association IncPO BOX 1289, Marion, NC 28752-1289NC1983-10$73,716
28Downtown Winston-Salem Foundation500 W 4th St, Winstonsalem, NC 27101-2782NC1998-02$60,954
29Cape Fear Community Development CorporationPO BOX 1095, Fayetteville, NC 28302-1095NC1996-02$29,062
30Grove Arcade Public Market Foundation Inc1 Page Ave Ste 270, Asheville, NC 28801-2317NC1993-02$4,477
Number of organizations performing similar types of work
District of Columbia7
North Carolina25
North Dakota3
New Hampshire2
New Jersey18
New Mexico2
New York60
South Carolina7
South Dakota3
West Virginia3
Total540 is not associated with, endorsed by, or sponsored by Grove Arcade Public Market Foundation Inc and has no official or unofficial affiliation with Grove Arcade Public Market Foundation Inc