Chemung County Economic Development Inc in Elmira, New York (NY)

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Chemung County Economic Development Inc
Employer Identification Number (EIN)161598005
Name of OrganizationChemung County Economic Development Inc
In Care of NameGeorge E Miner
Address400 East Church Street, Elmira, NY 14901-2834
SubsectionCharitable Organization
Ruling Date04/2001
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 Period12/2013
Assets$1 to $9,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$2,295
Amount of Income$463
Form 990 Revenue Amount$-199,537
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2013: $463 (it was $0 in 2012)
Chemung County Economic Development Inc: 

 $463
Other organizations performing similar types of work: 

 $135,279

Assets in 2013: $2,295 (it was $200,422 in 2012)
This organization: 

 $2,295
Other organizations performing similar types of work: 

 $114,906

Expenses in 2013: $590
This organization: 

 $590
Other organizations performing similar types of work: 

 $121,073

Income to expenses ratio in 2013: 0.8
This organization: 

 0.8
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2013: -0.0%
This organization: 

 -0.0%
Other organizations performing similar types of work: 

 8.8%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$0$0$-199,537
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$-199,537
Gross amount from sale of assets other than inventory$0$0$463
Less: cost or other basis and sales expenses$0$0$200,000
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$1,963$461$590
Total net assets$195,371$194,910$-5,217
Excess/Deficit for the year$-1,963$-461$-200,127
Net assets or fund balances at beginning of year$-7,130$195,371$194,910
Other changes in net assets or fund balances$204,464$0$0
Net assets or fund balances at end of year$194,910$-5,217
Balance Sheets
201120122013
Total assets$200,883$200,422$2,295
Total liabilities$5,512$5,512$7,512
Net assets or fund balances$195,371$194,910$-5,217
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
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)
Number of organizations supported0
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Metropolitan Entertainment & Convention Authority455 N 10th St, Omaha, NE 68102-1151NE1997-12$42,926,249
2Columbus Downtown Development Corporation150 S Front St Ste 210, Columbus, OH 43215-7105OH2002-10$37,620,584
3Structured Employment Economic Development Corporation22 Cortlandt Street 33rd Floor, New York, NY 10007-3107NY1977-01$21,151,237
4Trufund Financial Services Inc1440 Broadway Rm 23, New York, NY 10018-2326NY2005-12$6,686,524
5Genesee Gateway Local Development Corporation99 Med Tech Dr Ste 106, Batavia, NY 14020-9712NY2005-12$2,902,387
6Renaissance Economic Development Corporation2 Allen Street 7fl, New York, NY 10002-5302NY1998-03$2,046,993
7Downtown New Rochelle Business Improvement Dist Mgmt Assoc IncC/O Howard Rattner 515 North Ave, New Rochelle, NY 10801NY2000-07$635,379
8East Harlem Business Capital Corporation357 E 116th St Fl 3, New York, NY 10029-1543NY1999-01$597,312
9Hudson Valley Tourism Inc124 Main St, Goshen, NY 10924-2124NY1999-11$125,330
10Luther Forest Technology Campus Economic Development Corporation519 Broadway, Saratoga Spgs, NY 12866-2208NY2006-04$42,343
11Arsenal Business And Technology Partnership Ltd44 Dalliba Avenue, Watervliet, NY 12189-4017NY2000-07$6,201,635
12Retail Initiative Inc501 Seventh Ave 7th Fl, New York, NY 10018-5970NY1999-01$5,468,208
13Richardson Center Corporation200 Delaware Ave, Buffalo, NY 14202-2150NY2007-07$3,035,343
14Addicts Rehabilitation Center Foundation Inc2015 Madison Ave, New York, NY 10035-1015NY1994-09$2,310,539
15Myrtle Avr Comrcl Rev & Dev Project Local Development Corporation472 Myrtle Avenue 2nd Floor, Brooklyn, NY 11205-2522NY2000-05$1,850,192
16Jamestown Center City Development Corporation319 West Third Street, Jamestown, NY 14701-4933NY2000-07$1,691,147
17Long Island High Technology Incubator Inc25 Health Sciences Drive, Stony Brook, NY 11790-3350NY1995-12$1,627,696
18Greater Rochester Enterprise Inc100 Chestnut St Ste 1910, Rochester, NY 14604-2410NY2002-07$1,600,570
19Near West Side Initiative Inc350 W Fayette St The Warehouse, Syracuse, NY 13224NY2009-04$1,262,386
20Downstate Technology Center Inc450 Clarkson Ave Msc 65, Brooklyn, NY 11203-2012NY2003-01$1,007,654
Number of organizations performing similar types of work
Alaska23
Alabama64
Arkansas29
Arizona41
California299
Colorado47
Connecticut39
District of Columbia35
Delaware8
Florida134
Georgia71
Hawaii27
Iowa63
Idaho15
Illinois108
Indiana79
Kansas46
Kentucky50
Louisiana73
Massachusetts46
Maryland54
Maine37
Michigan101
Minnesota55
Missouri99
Mississippi38
Montana36
North Carolina125
North Dakota13
Nebraska37
New Hampshire25
New Jersey61
New Mexico41
Nevada16
New York213
Ohio149
Oklahoma39
Oregon51
Pennsylvania173
Rhode Island6
South Carolina63
South Dakota34
Tennessee56
Texas168
Utah17
Virginia62
Vermont16
Washington47
Wisconsin61
West Virginia39
Wyoming14
International10
Total3,253

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