Paterson New Jersey Opportunities Industrialization Center Inc in Paterson, New Jersey (NJ)

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Paterson New Jersey Opportunities Industrialization Center Inc
Employer Identification Number (EIN)221947953
Name of OrganizationPaterson New Jersey Opportunities Industrialization Center Inc
Address52 Church Street 4th Floor, Paterson, NJ 07505-1502
ActivitiesDiscussion groups, forums, panels lectures, etc.
SubsectionCharitable Organization
Ruling Date01/1980
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 Period06/2012
Assets$100,000 to $499,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$323,130
Amount of Income$1,041,677
Form 990 Revenue Amount$1,041,677


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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

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$1,006,943
Contributions, Gifts, Grants and Other Similar Amounts$979,889
Program Service Revenue$20,562
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$18
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$3,474
Gross income from fundraising events$3,474
Less: direct expenses$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$3,000
Statement of Functional Expenses (for 2011)
Total functional expenses$1,093,076
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$491,296
Payroll taxes$49,130
Professional fundraising services$0
Other$552,650
Balance Sheet (for 2011)
Total assets$338,788
Total liabilities$280,210
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$166,580
Unsecured notes and loans payable to unrelated third parties$0
Other$113,630
Total net assets or fund balances$58,578
Retained earnings, endowment, accumulated income, or other funds$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$7,573,602
Gifts, grants, contributions, and membership fees received$7,566,707
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$6,895
Gross receipts from related activities, etc.$0
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