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
OrganizationCorporation
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: 

 $4,477
Other organizations performing similar types of work: 

 $191,545

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

 $6,624,517
Other organizations performing similar types of work: 

 $350,827

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
Royalties$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
Other$2,806
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
11Martin County Economic Development Corporation415 East Blvd, Williamston, NC 27892-2786NC1998-02$1,705,342
12Albemarle Downtown Development CorpPO BOX 190, Albemarle, NC 28002-0190NC1992-02$495,291
13Downtown Salisbury IncPO BOX 4166, Salisbury, NC 28145-4166NC1985-07$478,114
14Cape Fear Area Resource Centers Inc906 Fanning St, Wilmington, NC 28401NC1996-09$384,685
15Brick Capital Community Development Corporation403 W Makepeace St, Sanford, NC 27330-5223NC1993-05$335,801
16Montgomery Economic Development CorporationPO BOX 637, Troy, NC 27371-0637NC1989-08$258,085
17Cumberland Regional Improvement CorporationPO BOX 1567, Fayetteville, NC 28302-1567NC1997-09$173,792
18Downtown Goldsboro Development CorpPO BOX 202, Goldsboro, NC 27533-0202NC1980-04$105,369
19Henderson Vance Downtown Development Commission IncPO BOX 1434, Henderson, NC 27536-1434NC1987-08$90,126
20Richmond Economic Development CorporationPO BOX 504, Rockingham, NC 28380-0504NC1979-11$86,136
Number of organizations performing similar types of work
Alaska1
Alabama5
Arkansas6
Arizona6
California34
Colorado8
Connecticut10
District of Columbia7
Florida21
Georgia12
Hawaii1
Iowa19
Idaho3
Illinois31
Indiana21
Kansas1
Kentucky5
Louisiana10
Massachusetts17
Maryland11
Maine2
Michigan17
Minnesota11
Missouri17
Mississippi6
Montana4
North Carolina25
North Dakota3
Nebraska2
New Hampshire2
New Jersey18
New Mexico2
Nevada3
New York60
Ohio18
Oklahoma5
Oregon4
Pennsylvania32
South Carolina7
South Dakota3
Tennessee11
Texas21
Utah1
Virginia10
Vermont1
Washington6
Wisconsin14
West Virginia3
Wyoming2
International1
Total540

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