Metro Area Development Corp in Oklahoma City, Oklahoma (OK)

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Metro Area Development Corp
Employer Identification Number (EIN)731214992
Name of OrganizationMetro Area Development Corp
Address6412 N Santa Fe Ave Ste C, Oklahoma City, OK 73116-9114
SubsectionBusiness League
Ruling Date11/1984
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$230,730
Amount of Income$331,972
Form 990 Revenue Amount$331,972

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

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$272,109
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$266,415
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$5,694
Income from investment of tax-exempt bond proceeds$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$0
Statement of Functional Expenses (for 2011)
Total functional expenses$353,234
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$65,000
Payroll taxes$5,084
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$230,219
Total liabilities$21,878
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
Total net assets or fund balances$208,341
Retained earnings, endowment, accumulated income, or other funds$208,341
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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