Acenet Ventures Inc in Athens, Ohio (OH)

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Acenet Ventures Inc
Employer Identification Number (EIN)311688567
Name of OrganizationAcenet Ventures Inc
In Care of NameJune Holley
Address94 Columbus Rd, Athens, OH 45701-1312
SubsectionCharitable Organization
Ruling Date09/2002
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$359,392
Amount of Income$21,545
Form 990 Revenue Amount$21,545
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Urban, Community Economic Development

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Amount of income in 2012: $21,545 (it was $23,327 in 2011)
This organization: 

Other organizations performing similar types of work: 


Assets in 2012: $359,392 (it was $404,140 in 2011)
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$23,327
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$917
Membership dues and assessments$0
Investment income$22,410
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$46,543
Total net assets$-60,960
Deficit for the year$-23,216
Net assets or fund balances at beginning of year$-37,744
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$404,140
Total liabilities$465,100
Net assets or fund balances$-60,960
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1New York City Economic Development Corporation110 William St Lbby 5, New York, NY 10038-3912NY1985-03$664,016,417
2Self Help Ventures Fund, Englewood Investment Corporation301 W Main Street, Durham, NC 27701-3227NC1984-05$50,528,554
3Community Reinvestment Fund Inc801 Nicollet Mall, Minneapolis, MN 55402-2500MN1989-03$27,840,968
4Gateway Economic Development Corporation Of Greater Cleveland758 Bolivar Rd, Cleveland, OH 44115-1222OH1992-06$20,133,983
5Capitol South Community Urban Redevelopment Corporation150 S Front St Ste 210, Columbus, OH 43215-7105OH1976-03$18,020,548
6Community Action Of South Eastern West Virginia, C A S E Of West Virginia307 Federal St Ste 323, Bluefield, WV 24701-3044WV1965-03$11,750,458
7Granite State Economic Development Corp1 Cate St 5th Fl, Portsmouth, NH 03801-7108NH1989-07$10,465,199
8Syracuse Economic Development CorporationCity Hall Cmn - 201 E Washington St, Syracuse, NY 13202NY1985-08$10,380,702
9City Of Baltimore Development Corporation36 S Charles St Ste 1600, Baltimore, MD 21201-3015MD1992-01$8,894,430
10Economic Development Growth Enterprises Corporation584 Phoenix Dr, Rome, NY 13441-4913NY1988-09$8,318,562
11Scranton Lackawanna Industrial Building Company, Slibco222 Mulberry St, Scranton, PA 18503-1210PA1947-06$6,688,806
12Bellvue Gardens Community Urban Redevelopment Corporation2922 Eden Ave, Cincinnati, OH 45219-2235OH2000-01$3,122,821
13Hamilton County Development Co Inc1776 Mentor Ave, Cincinnati, OH 45212-3554OH1988-06$2,471,395
14Shorebank Enterprise Group Cleveland540 E 105th Street, Cleveland, OH 44108-4301OH1994-05$681,950
15Community Improvement Corporation16 State St, Gallipolis, OH 45631-1104OH1979-09$499,380
16Community Improvement Corporation Of Cuyahoga Falls Ohio2310 2nd St, Cuyahoga Fls, OH 44221-2530OH1994-04$30,829
17Downtown Cincinnati Inc35 E 7th St Ste 202, Cincinnati, OH 45202-2420OH1994-08$2,787,730
18Downtown Dayton Partnership Corp10 W 2nd St Ste 611, Dayton, OH 45402-1792OH1993-08$1,709,487
19Midtown Cleveland5000 Euclid Ave Ste 100, Cleveland, OH 44103-3752OH1983-05$1,451,051
20Acenet Ventures Inc94 Columbus Rd, Athens, OH 45701-1312OH2002-09$21,545
Number of organizations performing similar types of work
North Carolina4
New Hampshire2
New Jersey8
New York23
Rhode Island1
South Carolina4
South Dakota3
West Virginia2
Total155 is not associated with, endorsed by, or sponsored by Acenet Ventures Inc and has no official or unofficial affiliation with Acenet Ventures Inc