Downtown Spokane Ventures Association in Spokane, Washington (WA)

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Downtown Spokane Ventures Association
Employer Identification Number (EIN)911973749
Name of OrganizationDowntown Spokane Ventures Association
In Care of NameMichael Edwards
Address10 N Post St Ste 400, Spokane, WA 99201-0706
SubsectionCharitable Organization
Ruling Date09/1999
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$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$120,807
Amount of Income$73,227
Form 990 Revenue Amount$73,227
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Urban, Community Economic Development


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Amount of income in 2013: $73,227 (it was $59,500 in 2012)
This organization: 

 $73,227
Other organizations performing similar types of work: 

 $141,217

Assets in 2013: $120,807 (it was $119,532 in 2012)
This organization: 

 $120,807
Other organizations performing similar types of work: 

 $121,026

Expenses in 2013: $84,627
Downtown Spokane Ventures Association: 

 $84,627
Other organizations performing similar types of work: 

 $118,087

Income to expenses ratio in 2013: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.6

Grants share in income in 2013: 99.7%
Downtown Spokane Ventures Association: 

 99.7%
Other organizations performing similar types of work: 

 87.4%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$137,013$59,500$73,227
Contributions, gifts, grants, and similar amounts received$121,598$59,000$73,000
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$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$15,415$500$227
Total expenses$65,303$119,250$84,627
Total net assets$89,387$29,637$18,237
Excess/Deficit for the year$71,710$-59,750$-11,400
Net assets or fund balances at beginning of year$17,677$89,387$29,637
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$29,637$18,237
Balance Sheets
201120122013
Total assets$142,747$119,532$120,807
Total liabilities$53,360$89,895$102,570
Net assets or fund balances$89,387$29,637$18,237
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: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$359,724
Subtotal$359,724
Gifts, grants, contributions, and membership fees received$359,724
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$0
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
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$359,724
Public support$359,724
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Milwaukee Economic Development Corp809 N Broadway Suite 104, Milwaukee, WI 53202-3617WI1974-07$8,725,157
2Hunter Foundation IncPO BOX 563, Tannersville, NY 12485-0563NY1998-11$3,516,039
3Opportunity Transformation Investments Inc2122 York Rd Ste 150, Oak Brook, IL 60523-1999IL2000-12$2,231,067
4Alliance For World Class Communities38 W Wall Street, Benton Harbor, MI 49022MI2007-01$2,167,614
5Urban Development Solutions Inc5530 1st Ave N, St Petersburg, FL 33710-8006FL2003-10$2,160,030
6Bluefield State College Research And Development Corporation219 Rock Street Tax Exempt, Bluefield, WV 24701WV2003-03$1,187,302
7St Louis Community Empowerment Foundation3701 Grandel Sq, Saint Louis, MO 63108-3627MO2000-09$961,210
8Cdi Development Fund Inc21 Goodnow Rd, Shelburne Fls, MA 01370-9680MA2014-01$853,274
9Broadway Market Management Corp721 Center Rd, Buffalo, NY 14224-2181NY2007-01$825,480
10Southern Dallas Development Corporation400 S Zang Blvd Ste 1210, Dallas, TX 75208-6624TX1985-01$740,263
11Corporacion Para El Financiamiento Empresarial Del Comercio Y De LasPO BOX 191791, San Juaninternational2003-10$635,073
12Burlington Community Development CorpC/O Clerk Office 149 Church Street, Burlington, VT 05401VT2000-01$563,229
13Nextedge Development Corporation20 S Limestone St Ste 100, Springfield, OH 45502-2221OH2010-09$558,542
14Rochester Economic Development Corporation30 Church St Rm 106a, Rochester, NY 14614-1290NY1985-03$384,125
15Morrow Development Corporation645 Hager St, Heppner, OR 97836-6301OR1999-05$207,789
16Columbia Valley Housing Association1555 S Methow St, Wenatchee, WA 98801-9417WA1997-05$140,253
17Council For Historic Downtown Issaquah232 Front St N, Issaquah, WA 98027-3232WA1996-08$135,173
18Downtown Spokane Ventures Association10 N Post St Ste 400, Spokane, WA 99201-0706WA1999-09$73,227
19Oregon Academy Of Pediatric Dentistry300 Se 120th Ave Ste 100, Vancouver, WA 98683-4067WA2006-07$62,925
20Fair Competition AlliancePmb233 321 High School Rd Ne D-3, Bainbridge Island, WA 98110WA2001-05$36,650
Number of organizations performing similar types of work
Alaska2
Alabama36
Arkansas9
Arizona16
California121
Colorado26
Connecticut22
District of Columbia16
Delaware6
Florida53
Georgia54
Hawaii10
Iowa18
Idaho7
Illinois68
Indiana30
Kansas9
Kentucky18
Louisiana32
Massachusetts22
Maryland45
Maine10
Michigan54
Minnesota10
Missouri35
Mississippi17
Montana9
North Carolina65
North Dakota5
Nebraska6
New Hampshire8
New Jersey38
New Mexico14
Nevada6
New York135
Ohio94
Oklahoma18
Oregon18
Pennsylvania93
Rhode Island2
South Carolina34
South Dakota10
Tennessee36
Texas74
Utah5
Virginia30
Vermont9
Washington29
Wisconsin30
West Virginia14
Wyoming3
International7
Total1,538

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