Council Of Independent Colleges In Virginia in Bedford, Virginia (VA)

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Council Of Independent Colleges In Virginia
Employer Identification Number (EIN)540887849
Name of OrganizationCouncil Of Independent Colleges In Virginia
AddressPO BOX 1005, Bedford, VA 24523-1005
ActivitiesBusiness promotion (chamber of commerce, business league, etc.), Propose, support, or oppose legislation
SubsectionBusiness League
Ruling Date01/1972
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$100,000 to $499,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$243,107
Amount of Income$956,419
Form 990 Revenue Amount$939,725

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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$874,864
Contributions, Gifts, Grants and Other Similar Amounts$601,940
Program Service Revenue$267,316
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$3,418
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$1,794
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $2,500
Less: cost or other basis and sales expenses (Securities / Other)$0 / $706
Gain or (loss) (Securities / Other)$0 / $1,794
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$396
Statement of Functional Expenses (for 2011)
Total functional expenses$916,296
Compensation of current officers, directors, trustees, and key employees$267,247
Other salaries and wages$233,024
Payroll taxes$27,044
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$281,395
Total liabilities$29,550
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$29,043
Total net assets or fund balances$251,845
Retained earnings, endowment, accumulated income, or other funds$251,845
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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