Midnight Sun Swim Team Inc in Fairbanks, Alaska (AK)
Table of contents:
| Midnight Sun Swim Team Inc | |
| Employer Identification Number (EIN) | 920091523 |
| Name of Organization | Midnight Sun Swim Team Inc |
| Address | PO BOX 83625, Fairbanks, AK 99708-3625 |
| Activities | Swimming or tennis club, Described in section 509(a)(2) of the Code |
| Subsection | Educational Organization |
| Ruling Date | 07/1985 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $103,778 |
| Amount of Income | $232,547 |
| Form 990 Revenue Amount | $222,017 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2013: $232,547 (it was $154,888 in 2012)
| This organization: | $232,547 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2013: $103,778 (it was $38,972 in 2012)
| Midnight Sun Swim Team Inc: | $103,778 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2012: $159,016
| Midnight Sun Swim Team Inc: | $159,016 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2012: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2012: 8.5%
| Midnight Sun Swim Team Inc: | 8.5% |
| Other organizations performing similar types of work: | 78.3% |
Revenue for 2012
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012) | |
| Total revenue | $154,497 |
| Contributions, gifts, grants, and similar amounts received | $13,108 |
| Program service revenue including government fees and contracts | $56,085 |
| Membership dues and assessments | $81,553 |
| Investment income | $1 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $3,750 |
| Gross income from gaming | $4,141 |
| Gross income from fundraising events | $0 |
| Less: direct expenses from gaming and fundraising events | $391 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $159,016 |
| Total net assets | $38,639 |
| Deficit for the year | $-4,519 |
| Net assets or fund balances at beginning of year | $43,158 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2012) | |
| Total assets | $38,972 |
| Total liabilities | $333 |
| Net assets or fund balances | $38,639 |
| Other Information (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | Yes |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $684,308 |
| Gifts, grants, contributions, and membership fees received | $413,598 |
| 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 | $175,128 |
| 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 and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $26 |
| Other | $95,556 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $235,931 | $0 | $23,593 |
| Gross receipts or sales less returns and allowances | $23,593 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $235,931 | $0 | $23,593 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $21,640 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $21,640 |
| Unrelated business taxable income | $0 |
| Unrelated business taxable income before net operating loss deduction | $1,953 |
| Net operating loss deduction | $1,953 |
| Unrelated business taxable income before specific deduction | $0 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | University Swim Club | Po Box 10442, Knoxville, TN 37939-0442 | TN | 2007-02 | $43,203 |
| 2 | Viking Swim Club Inc | PO BOX 1257, Petersburg, AK 99833-1257 | AK | 1996-04 | $391,478 |
| 3 | Stingray Swim Team | PO BOX 72301, Fairbanks, AK 99707-2301 | AK | 2002-03 | $113,093 |
| 4 | Seward Tsunami Swim Club | Po Box 2328, Seward, AK 99664 | AK | 2009-02 | $83,832 |
| 5 | Valdez Swim Club Inc | PO BOX 3106, Valdez, AK 99686-3106 | AK | 1995-08 | $65,026 |
| 6 | Cordova Iceworm Swim Team | Po Box 1484, Cordova, AK 99574 | AK | 2009-09 | $10,491 |
| 7 | Alaska Sailing Club | P O Box 92554, Anchorage, AK 99509 | AK | 2009-02 | $0 |
| 8 | Alaska Springboard Diving Association Incorporated | 205 E Dimond Blvd 531, Anchorage, AK 99515 | AK | 2010-02 | $0 |
| 9 | Alaska Swimamerica Foundation | 3235 South Cir, Anchorage, AK 99507-3960 | AK | 2003-10 | $0 |
| 10 | Craig Waverunners Swim Club | PO BOX 877, Craig, AK 99921-0877 | AK | 2014-12 | $0 |
| 11 | Juneau Aurora Knights Synchronized Swimming Team | 3750 Glacier Highway, Juneau, AK 99801 | AK | 2001-05 | $0 |
| 12 | Kenai Crewsers Rowing Club | Po Box 2863, Seward, AK 99664 | AK | 2006-08 | $0 |
| 13 | Nome Northstar Swim Team | Po Box 1117, Nome, AK 99762 | AK | 2003-01 | $0 |
| 14 | Sitka Sound Aquatics Booster Club | PO BOX 6445, Sitka, AK 99835 | AK | 2012-01 | $0 |
| 15 | Sockeye Swim League | PO BOX 497, Naknek, AK 99633-0497 | AK | 2004-09 | $0 |
| 16 | South Anchorage Swimming & Diving Boosters Inc | 342 Orchid Circle, Anchorage, AK 99515 | AK | 2007-02 | $0 |
| 17 | Swim Alaska Foundation Inc | PO BOX 220008, Anchorage, AK 99522-0008 | AK | 2014-03 | $0 |
| 18 | Swim Like A Fish Foundation | Po Box 221614, Anchorage, AK 99522 | AK | 2007-09 | $0 |
| 19 | Us Swimming Inc, Alaska | 12515 Auke Nu Dr, Juneau, AK 99801-8639 | AK | 2006-03 | $0 |
| 20 | Valdez Synchronized Swimming Booster Club | Po Box 2015, Valdez, AK 99686 | AK | 2012-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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