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IRCS CENTER FOR ECONOMIC OPPORTUNITY INC: Form 990EZ, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
IRCS CENTER FOR ECONOMIC OPPORTUNITY INC (EIN 45-3686069)
Tax period
2013-10-01 to 2014-09-30
Filed
2015-03-10
IRS object ID
201520699349200422
Schema version
2013v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-03-10T15:13:54-05:00ReturnTs
Tax Period End2014-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271728945PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1O'CONNOR DAVIES LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1665 FIFTH AVENUEAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10022ZIPCode
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2013-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN453686069EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1IRC'S CENTER FOR ECONOMIC OPPORTUNITY INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlIRCSBusinessNameControlTxt
Phone2125513000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1122 EAST 42ND STREET 14TH FLOORAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10168ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJENNIFER SIMEPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2125513000PhoneNum
Signature2015-03-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARRETT M HIGGINSPreparerPersonNm
PTINP00543209PTIN
Phone2122862600PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressN/AWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$0GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$0ContributionsGiftsGrantsEtcAmt
Program Service Revenue$0ProgramServiceRevenueAmt
Total Revenue$0TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$38,785FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$881OtherExpensesTotalAmt
Total Expenses$39,666TotalExpensesAmt
Excess Or Deficit For Year-$39,666ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$94,592NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$54,926NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$94,592BOYAmt
EOY$54,926EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$94,592BOYAmt
EOY$54,926EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$94,592BOYAmt
EOY$54,926EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTO PROVIDE SMALL BUSINESS LOANS AND MICROFINANCING TO VICTIMS OF OPPRESSION AND PERSECUTION WITHOUT REGARD TO THE RACE, NATIONALITY OR RELIGION OF THE BENEFICIARIES; TO RECEIVE, MANAGE, SELL, EXCHANGE, INVEST AND REINVEST THE FUNDS TRANSFERRED TO THE CORPORATION, AND TO APPLY THE INCOME AND PRINCIPAL TO THE ESTABLISHMENT AND SUPPORT OF CHARITABLE AND EDUCATIONAL ACTIVITIES.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (2 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
THE ORGANIZATION CONTINUED TO ESTABLISH PROCEDURES AND APPLY FOR GRANT FUNDING DURING THIS EARLY PERIOD OF OPERATIONS TO INITIATE A BUSINESS DEVELOPMENT TRAINING PROGRAM. THIS TRAINING PROGRAM WILL CONSIST OF ONE-ON-ONE TECHNICAL ASSISTANCE TO TRAIN ENTREPRENEURS IN BUSINESS START-UP AND MANAGEMENT INFORMATION. TECHNICAL ASSISTANCE WILL INCLUDE GUIDANCE IN WRITING BUSINESS PLANS, CREATING A LOAN APPLICATION PACKAGE, OBTAINING LICENSURE AND CERTIFICATIONS, SELECTING INSURANCE PRODUCTS, ACQUIRING LEGAL ASSISTANCE, MARKETING, PREPARING TAXES AND CONDUCTING MARKET RESEARCH. INDUSTRY-SPECIFIC TRAININGS WILL ALSO BE OFFERED IN A CLASSROOM-BASED SETTING ON AN ONGOING BASIS, TYPICALLY MONTHLY, IN A VARIETY OF LANGUAGES.$0$14,318
THE ORGANIZATION ESTABLISHED PROCEDURES AND APPLIED FOR GRANT FUNDING TO CREATE THE INFRASTRUCTURE TO IMPLEMENT A BUSINESS FINANCING PROGRAM. THIS FINANCING PROGRAM WILL CONSTRUCT TRADITIONAL SMALL BUSINESS LOANS AND MICROENTERPRISE LOANS TO ASSIST LOW-INCOME IMMIGRANTS AND REFUGEE ENTREPRENEURS IN ACCESSING NEEDED CAPITAL TO START UP OR EXPAND SMALL BUSINESS. FINANCING PRODUCTS THAT WILL BE OFFERED INCLUDE LOANS FOR DEBT CONSOLIDATION, CREDIT REPAIR, CONSUMER PERSONAL, EMERGENCY CASH FLOW NEEDS, CREDIT-BUILDING AND IMMIGRATION FEES.$0$14,317
FieldValueIRS element (for citing)
Total Program Service Expenses$28,635TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (4 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
GEORGE BIDDLE
CHAIRMAN AND PRESIDENT2.00$0$0$0
JOHN KEYS
VICE-CHAIR/TREASURER UNTIL 2/20142.00$0$0$0
RADHA RAJKOTIA
DIRECTOR AND SECRETARY2.00$0$0$0
JENNIFER SIME
DIRECTOR AND TREASURER2.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JENNIFER SIME TREASURERBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line1122 EAST 42ND STREET 14TH FLAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10168ZIPCode
FieldValueIRS element (for citing)
Phone2125513000PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$95,000CurrentTaxYearMinus1YearAmt
Total$95,000TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$95,000CurrentTaxYearMinus1YearAmt
Total$95,000TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$95,000PublicSupportTotal170Amt
Total Support$95,000TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESFormAndLineReferenceDesc
ExplanationDESCRIPTION: BANK FEES. AMOUNT: 786. DESCRIPTION: TAXES PAID AND REGISTRATIONS. AMOUNT: 95. TOTAL TO FORM 990-EZ, LINE 16: 881.ExplanationTxt

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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