Glencoe Athletic Foundation Inc in Glencoe, Alabama (AL)
Table of contents:
| Glencoe Athletic Foundation Inc | |
| Employer Identification Number (EIN) | 452956056 |
| Name of Organization | Glencoe Athletic Foundation Inc |
| Address | PO BOX 5187, Glencoe, AL 35905-0187 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2012 |
| 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 | 05/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $312,859 |
| Amount of Income | $128,957 |
| Form 990 Revenue Amount | $81,561 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Sports Training Facilities, Agencies |
Non-representatives - add comments:
Amount of income in 2014: $128,957 (it was $89,134 in 2013)
| Glencoe Athletic Foundation Inc: | $128,957 |
| Other organizations performing similar types of work: | $85,412 |
Assets in 2014: $312,859 (it was $311,112 in 2013)
| This organization: | $312,859 |
| Other organizations performing similar types of work: | $43,701 |
Expenses in 2013: $99,333
| Glencoe Athletic Foundation Inc: | $99,333 |
| Other organizations performing similar types of work: | $76,618 |
Income to expenses ratio in 2013: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 13.8%
| This organization: | 13.8% |
| Other organizations performing similar types of work: | 24.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $89,134 | |
| Contributions, gifts, grants, and similar amounts received | $12,340 | |
| Program service revenue including government fees and contracts | $1,165 | |
| Membership dues and assessments | $0 | |
| Investment income | $0 | |
| Gain/Loss from sale of assets other than inventory | $0 | |
| Net income/loss from gaming and fundraising events | $73,891 | $75,629 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $120,300 | |
| Less: direct expenses from gaming and fundraising events | $44,671 | |
| Gross profit/loss from sales of inventory | $0 | |
| Other revenue | $0 | |
| Total expenses | $99,333 | |
| Total net assets | $197,073 | |
| Excess/Deficit for the year | $-10,199 | |
| Net assets or fund balances at beginning of year | $207,272 | |
| Other changes in net assets or fund balances | $0 | |
| Net assets or fund balances at end of year | $197,073 | |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $315,914 | $311,112 |
| Total liabilities | $108,642 | $114,039 |
| Net assets or fund balances | $197,073 | |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | No | |
| 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? | No | |
| Total amount involved | $0 | |
| Initiation fees and capital contributions | $0 | |
| Gross receipts for public use of club facilities | $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? | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $507,322 |
| Subtotal | $507,322 |
| Gifts, grants, contributions, and membership fees received | $250,650 |
| 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 | $256,672 |
| 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 | $507,324 |
| Public support | $507,322 |
| Subtotal | $2 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2 |
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Charleston Educational Excellence Financing Corporation | 3999 Bridge View Dr, Charleston, SC 29405-7472 | SC | 2006-06 | $38,113,882 |
| 2 | Charlotte Sports Foundation | 6337 Morrison Blvd, Charlotte, NC 28211-3510 | NC | 2014-06 | $9,571,792 |
| 3 | Special Olympics Northern California Inc | 3480 Buskirk Ave Ste 340, Pleasant Hill, CA 94523-4382 | CA | 1996-09 | $7,827,884 |
| 4 | Tangerine Sports Association Inc | 1 Citrus Bowl Pl, Orlando, FL 32805-2459 | FL | 2003-07 | $7,351,829 |
| 5 | West Fargo Hockey Association Inc | 623 Main Ave E Ste 204, West Fargo, ND 58078-2008 | ND | 1981-08 | $5,501,715 |
| 6 | Legacy Connections | 505 E Colorado Blvd Ste 201e, Pasadena, CA 91101-2002 | CA | 2010-12 | $3,674,266 |
| 7 | Mobile Sports Authority Inc | 301 Government St Ste 204, Mobile, AL 36602-2699 | AL | 2009-11 | $576,117 |
| 8 | Adaptive Aquatics Inc | 1473 Paradise Cove Ln, Wilsonville, AL 35186-8516 | AL | 1996-03 | $129,279 |
| 9 | Glencoe Athletic Foundation Inc | PO BOX 5187, Glencoe, AL 35905-0187 | AL | 2012-08 | $128,957 |
| 10 | Moody High School Football Booster Club | PO BOX 1090, Moody, AL 35004-1090 | AL | 1999-12 | $70,206 |
| 11 | Blue-Gray National Collegiate Tennis Classic Inc | Post Office Box 240653, Montgomery, AL 36124-0653 | AL | 2003-07 | $67,397 |
| 12 | Cahaba Sports Inc | 2 Industrial Road, Brent, AL 35034 | AL | 2011-11 | $5,044 |
| 13 | Alabama Track Foundation Inc | 2100 Third Avenue North Suite 600, Birmingham, AL 35203 | AL | 2006-04 | $0 |
| 14 | Auburn High Athletic Association Inc | 1820 East University Drive, Auburn, AL 36830 | AL | 2000-12 | $0 |
| 15 | Bessemer Youth Sports Association, Bessemeryouth Sports Association | 5425 Carriage House Ln, Bessemer, AL 35022-5390 | AL | 2014-01 | $0 |
| 16 | Circle City Bmx Parents And Riders Association | 100 Cavel Ln, Dothan, AL 36305 | AL | 2014-10 | $0 |
| 17 | Metro Cross Country Track & Field Coaches Association | 4205 Lakeview Dr, Huntsville, AL 35810 | AL | 2011-07 | $0 |
| 18 | Point Mallard Figure Skating Club | Po Box 1275, Decatur, AL 35602 | AL | 2007-07 | $0 |
| 19 | Valley Rowing Foundation Inc | 2822 Lafayette Rd Sw, Huntsville, AL 35801 | AL | 2002-09 | $0 |
| 20 | War Eagle Flying Team Inc | 415 W Magnolia Ave Ste 403, Auburn, AL 36849-0001 | AL | 2015-02 | $0 |
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| Total | 921 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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