Northeast Ohio Trade & Economic Consortium, Neotec in Akron, Ohio (OH)

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Northeast Ohio Trade & Economic Consortium, Neotec
Employer Identification Number (EIN)341935328
Name of OrganizationNortheast Ohio Trade & Economic Consortium
Secondary NameNeotec
In Care of NameGeorge R Sarkis
Address222 S Main St, Akron, OH 44308-1533
SubsectionCharitable Organization
Ruling Date02/2001
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$319,363
Amount of Income$567,729
Form 990 Revenue Amount$567,729
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2011: $567,729 (it was $536,849 in 2010)
This organization: 

 $567,729
Other organizations performing similar types of work: 

 $152,071

Assets in 2011: $319,363 (it was $430,432 in 2010)
Northeast Ohio Trade & Economic Consortium, Neotec: 

 $319,363
Other organizations performing similar types of work: 

 $145,197

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$567,729
Contributions, Gifts, Grants and Other Similar Amounts$212,907
Program Service Revenue$348,602
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$220
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$6,000
Statement of Functional Expenses (for 2011)
Total functional expenses$690,596
Compensation of current officers, directors, trustees, and key employees$116,306
Other salaries and wages$222,323
Payroll taxes$37,625
Professional fundraising services$0
Other$314,342
Balance Sheet (for 2011)
Total assets$319,363
Total liabilities$100,685
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$100,685
Total net assets or fund balances$218,678
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$1,297,237
Gifts, grants, contributions, and membership fees received$1,238,559
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$58,678
Gross receipts from related activities, etc.$1,810,331
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Metropolitan Entertainment & Convention Authority455 N 10th St, Omaha, NE 68102-1151NE1997-12$42,811,850
2Structured Employment Economic Development Corporation915 Broadway Fl 17, New York, NY 10010-7116NY1977-01$36,186,581
3Columbus Downtown Development Corporation150 S Front St Ste 210, Columbus, OH 43215-7105OH2002-10$15,371,865
4Delaware River Waterfront Corporation121 N Columbus Blvd, Philadelphia, PA 19106-1403PA2009-10$12,707,512
5Dubuque Initiatives1398 Central Ave, Dubuque, IA 52001-5021IA1985-04$11,715,621
6Lubbock Economic Development Alliance Inc1500 Broadway 6th Floor, Lubbock, TX 79401-3117TX2005-01$8,787,700
7Seedco Financial Services Inc915 Broadway Fl 17, New York, NY 10010-7116NY2005-12$8,556,236
8Market Lubbock Economic Development Corporation1500 Broadway 6th Floor, Lubbock, TX 79401-3117TX1999-04$7,126,923
9Community Improvement Corporation Of Springfield & Clark County Ohio20 S Limestone St Ste 100, Springfield, OH 45502-2221OH2010-02$4,087,736
10Nuzone Community Improvement Corporation, Edward Jackson1550 Magnolia Dr, Cincinnati, OH 45215-1914OH2002-07$120,569
11Columbus Urban Growth CorporationPO BOX 6229, Columbus, OH 43206-0229OH1996-08$1,657,066
12Corporation For Findlay Market Of CincinnatiPO BOX 14727, Cincinnati, OH 45250-0727OH2001-08$1,516,463
13Development Research Corporation900 Kettering Tower, Dayton, OH 45423-1025OH1996-01$886,554
14Putnam County Community Improvement CorporationPO BOX 145, Ottawa, OH 45875-0145OH2000-02$809,643
15North Central Campus For Emerging Technologies, Ncc-Et123 East Main Cross St, Findlay, OH 45840-4884OH2006-09$737,635
16Downtown Canton Land Foundation222 Market Ave N, Canton, OH 44702-1418OH1998-12$626,993
17Northeast Ohio Trade & Economic Consortium, Neotec222 S Main St, Akron, OH 44308-1533OH2001-02$567,729
18Avondale Coalition Of Churches3549 Reading Rd, Cincinnati, OH 45229-2625OH1997-07$501,541
19Northern Ohio Minority Supplier Development Council737 Bolivar Rd Ste 4500, Cleveland, OH 44115-1233OH1999-03$453,245
20Defiance Development And Visitorsbureau Inc325 Clinton St, Defiance, OH 43512-2113OH2007-06$410,748
21Greater Hamilton Center For Business & Technology Inc20 High St, Hamilton, OH 45011-2709OH2002-08$338,278
22Lakewoodalive14701 Detroit Avenue, Lakewood, OH 44107-4115OH2004-03$278,451
23Clifton Heights Community Urban Redevelopment Corporation2510 Ohio Ave, Cincinnati, OH 45219-1552OH2000-04$274,965
24Norwalk Economic Development Corporation10 1/2 W Main St, Norwalk, OH 44857-1408OH1996-05$266,251
25Hispanic Business Association2511 Clark Ave, Cleveland, OH 44109-1110OH1996-05$233,321
26Athens County Economic Development Council340 W State St Unit 26, Athens, OH 45701-1565OH2009-03$223,888
27Ohio Economic Development Association Inc17 S High St Ste 200, Columbus, OH 43215-3464OH2006-02$214,113
28Main Street Wooster Inc377 W Liberty St, Wooster, OH 44691-4852OH2007-10$193,267
29Institute For Open Economic Networks, I-Open2563 Kingston Rd, Cleveland Hts, OH 44118-4347OH2007-06$191,986
30Economic Development Corporation Of Clermont County4673 Mckeever Pike, Williamsburg, OH 45176-9703OH2007-05$135,572
Number of organizations performing similar types of work
Alaska21
Alabama54
Arkansas25
Arizona31
California261
Colorado37
Connecticut34
District of Columbia26
Delaware6
Florida103
Georgia58
Hawaii25
Iowa53
Idaho11
Illinois91
Indiana71
Kansas41
Kentucky44
Louisiana61
Massachusetts41
Maryland40
Maine25
Michigan84
Minnesota44
Missouri82
Mississippi33
Montana31
North Carolina116
North Dakota10
Nebraska29
New Hampshire22
New Jersey49
New Mexico37
Nevada13
New York189
Ohio130
Oklahoma36
Oregon40
Pennsylvania158
Rhode Island5
South Carolina55
South Dakota31
Tennessee49
Texas152
Utah16
Virginia56
Vermont15
Washington43
Wisconsin56
West Virginia33
Wyoming15
International9
Total2,797

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