La Velodrome Racing Association in Hawthorne, California (CA)
Table of contents:
| La Velodrome Racing Association | |
| Employer Identification Number (EIN) | 830455100 |
| Name of Organization | La Velodrome Racing Association |
| In Care of Name | Heather Allen |
| Address | PO BOX 383, Hawthorne, CA 90251-0383 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 07/2007 |
| 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 | 03/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $31,401 |
| Amount of Income | $37,215 |
| Form 990 Revenue Amount | $37,215 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Olympics Committees and Related International Competitions |
Non-representatives - add comments:
Amount of income in 2014: $37,215 (it was $39,910 in 2013)
| This organization: | $37,215 |
| Other organizations performing similar types of work: | $112,462 |
Assets in 2014: $31,401 (it was $18,430 in 2013)
| This organization: | $31,401 |
| Other organizations performing similar types of work: | $40,520 |
Expenses in 2014: $24,244
| This organization: | $24,244 |
| Other organizations performing similar types of work: | $121,393 |
Income to expenses ratio in 2014: 1.5
| La Velodrome Racing Association: | 1.5 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2014: 40.1%
| This organization: | 40.1% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $17,661 | $39,910 | $37,215 |
| Contributions, gifts, grants, and similar amounts received | $7,625 | $17,455 | $14,940 |
| Program service revenue including government fees and contracts | $10,036 | $22,455 | $22,275 |
| 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 | $0 | $0 | $0 |
| Total expenses | $12,307 | $30,503 | $24,244 |
| Total net assets | $9,024 | $18,430 | $31,401 |
| Excess/Deficit for the year | $5,354 | $9,406 | $12,971 |
| Net assets or fund balances at beginning of year | $3,670 | $9,024 | $18,430 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $18,430 | $31,401 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $9,024 | $18,430 | $31,401 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $9,024 | $18,430 | $31,401 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | 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 | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| 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? | No | 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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $94,786 |
| Subtotal | $94,786 |
| Gifts, grants, contributions, and membership fees received | $40,020 |
| 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 | $54,766 |
| 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 | $94,786 |
| Public support | $94,786 |
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Skating Club Of San Francisco Inc | PO BOX 191205, San Francisco, CA 94119-1205 | CA | 2011-05 | $103,980 |
| 2 | San Bernadino Storm Volley Ball Club | PO BOX 1045, Redlands, CA 92373-0321 | CA | 2003-05 | $55,411 |
| 3 | La Puente Softball Inc | 1235 E Dore St, West Covina, CA 91792-1313 | CA | 2015-03 | $24,961 |
| 4 | American Dancesport Association Inc | 107 Peacock Drive, San Rafael, CA 94901 | CA | 2000-10 | $0 |
| 5 | Beginners & Masters Sport Center Inc | 9853 Lasaine Ave, Northridge, CA 91325-1821 | CA | 1999-11 | $0 |
| 6 | Central Valley Velo Club | 4712 N Delno Ave, Fresno, CA 93705-0515 | CA | 2001-09 | $0 |
| 7 | El Dorado Archers Inc | 10016 Pioneer Blvd 222, Santa Fe Springs, CA 90670 | CA | 2010-09 | $0 |
| 8 | Figure Skating Club Of Southern California | 214 Main St Unit 221, El Segundo, CA 90245-3803 | CA | 2004-11 | $0 |
| 9 | Flips Gymnastics Booster Club Corp | 864 Industrial Drive, Hollister, CA 95023 | CA | 2009-11 | $0 |
| 10 | International Gay And Lesbian Aquatics Inc | 7423 Hollywood Blvd, Los Angeles, CA 90046-2819 | CA | 2001-08 | $0 |
| 11 | Italian American Bobsled And Skeleton Foundation Inc, Iabsf | 3001 Bridgeway Ste 194, Sausalito, CA 94965-1408 | CA | 2013-10 | $0 |
| 12 | Los Angeles 2006 Inc | 6834 1/2 Camrose Dr Apt 2, Los Angeles, CA 90068-3169 | CA | 2000-12 | $0 |
| 13 | Los Angeles 2024 Exploratory Committee | 2049 Century Park E Ste 3200, Los Angeles, CA 90067-3206 | CA | 2015-02 | $0 |
| 14 | Mantas Booster Club | 2146 Via Sonora, Oeanside, CA 92054 | CA | 2001-08 | $0 |
| 15 | Nor-Cal Juniors Multisport | 34 Birchwood Dr, Novato, CA 94947-5309 | CA | 2013-08 | $0 |
| 16 | Southern California Karate Association | 320 Lake St Apt 207, Huntington Bh, CA 92648-5819 | CA | 2002-10 | $0 |
| 17 | Team Envious Hockey Club | 2562 Segovia, La Verne, CA 91750-1171 | CA | 2003-01 | $0 |
| 18 | The Bruin Rugby Foundation | 21906 Viscanio Road, Woodland Hills, CA 91364 | CA | 2007-07 | $0 |
| 19 | United States Fencing Association | 10225 Caminto Cuervo Unit 121, San Diego, CA 92108 | CA | 2004-12 | $0 |
| 20 | United States Fencing Association, North Coast California Division | 2219 Country Villa Ct, Auburn, CA 95603 | CA | 2004-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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