Lockheed Employees Recreation Assn in Sunnyvale, California (CA)

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Lockheed Employees Recreation Assn
Employer Identification Number (EIN)941553677
Name of OrganizationLockheed Employees Recreation Assn
AddressSunnyvale, CA 94088
Tax Period2000
Asset Amount$-155,630
Amount of Income$347,831
Form 990 Revenue Amount$347,831
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Professional Societies, Associations


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Amount of income in 2000: $347,831
Lockheed Employees Recreation Assn: 

 $347,831
Other organizations performing similar types of work: 

 $385,205

Assets in 2000: $-155,630
This organization: 

 $-155,630
Other organizations performing similar types of work: 

 $306,810

Expenses in 2000: $459,505
Lockheed Employees Recreation Assn: 

 $459,505
Other organizations performing similar types of work: 

 $459,505

Income to expenses ratio in 2000: 0.8
Lockheed Employees Recreation Assn: 

 0.8
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2000: 87.4%
This organization: 

 87.4%
Other organizations performing similar types of work: 

 0.0%

Number of employees in 2000: 17
This organization: 

 17
Other organizations performing similar types of work: 

 17

Employees paid over $50,000 in 2000: 0.0%
Lockheed Employees Recreation Assn: 

 0.0%
Other organizations performing similar types of work: 

 38.5%

Grants share in income in 2000: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 1.9%

Financial snapshot for 2000 ($)

Revenue for 2000

Assets at end of 2000

Expenses for 2000

Functional Expenses for 2000 ($)

Income-Producing Activities for 2000

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000
Total revenue$347,831
Contributions, gifts, grants, and similar amounts received$0
Contributions to donor advised funds
Direct public support$0
Indirect public support$0
Government contributions (grants)$0
Program service revenue including government fees and contracts$170,629
Membership dues and assessments$12,040
Interest on savings and temporary cash investments$3,748
Dividends and interest from securities$0
Net rental income or (loss)$170,622
Gross rents$180,460
Less: rental expenses$9,838
Other investment income$0
Gain or (loss) from sales of assets other than inventory$0
Gross amount from sales of assets other than inventory$0
Less: cost or other basis and sales expenses$0
Net income or (loss) from special events and activities$-11,396
Gross revenue$20,190
Less: direct expenses other than fundraising expenses$31,586
Gross profit or (loss) from sales of inventory$2,188
Gross sales of inventory, less returns and allowances$706,876
Less: cost of goods sold$704,688
Other revenue$0
Total expenses$459,505
Program services$401,753
Management and general$57,752
Fundraising$0
Payments to affiliates$0
Net assets or fund balances at end of year$-155,630
Excess or (deficit) for the year$-111,674
Net assets or fund balances at beginning of year$-43,956
Other changes in net assets or fund balances$0
Statement of Functional Expenses (for 2000)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$459,505$401,753$57,752$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$332,271$277,099$55,172$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$60,645$42,255$18,390$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$19,594$0$19,594$0
Legal fees$0$0$0$0
Supplies$26,744$12,434$14,310$0
Telephone$6,144$0$6,144$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$526$0$526$0
Travel$2,151$0$2,151$0
Conferences, conventions, and meetings$0$0$0$0
Interest$2,811$0$2,811$0
Depreciation, depletion, etc.$214$0$214$0
Other expenses not covered above$8,405$69,965$-61,560$0
Balance Sheets
2000
Total assets$156,191
Cash - non-interest-bearing$25,096
Savings and temporary cash investments$0
Accounts receivable less allowance for doubtful accounts$0
Pledges receivable less allowance for doubtful accounts$0
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0
Inventories for sale or use$131,095
Prepaid expenses and deferred charges$0
Investments - publicly-traded securities
Investments - other securities$0
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$0
Other assets, including program-related investments$0
Total liabilities$311,821
Accounts payable and accrued expenses$133,425
Grants payable$0
Deferred revenue$5,596
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$172,800
Other liabilities$0
Total liabilities and net assets/fund balances$156,191
Total net assets or fund balances$-155,630
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000
Total revenue$347,831
Total revenue, gains, and other support per audited financial statements$347,831
Other expenses$0
Net unrealized gains on investments$0
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$0
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000
Total expenses$459,505
Total expenses and losses per audited financial statements$459,505
Other revenue$0
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$0
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?Yes
Did the organization make only in-house lobbying expenditures of $2,000 or less?Yes
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200617
Analysis of Income-Producing Activities (for 2000)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$347,831
Program service revenue
Program service revenue 1000000$000$0$127,516
Program service revenue 2000000$000$0$31,950
Program service revenue 3000000$000$0$7,980
Program service revenue 4000000$000$0$3,183
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$12,040
Interest on savings and temporary cash investments000000$000$0$3,748
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$170,622
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$-11,396
Gross profit or (loss) from sales of inventory000000$000$0$2,188
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2000)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2000)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2000)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
1999
Total$0
Gifts, grants, and contributions received$0
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2000)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1American Gaming Association799 9th St Nw Fl 7, Washington, DC 20229-1177DC1995-09$10,069,336
2Club Managers Association Of America1733 King St, Alexandria, VA 22314-2720VA1959-07$8,253,137
3Sugar Springs Property Owners Association Inc5477 Worthington Ct, Gladwin, MI 48624-8120MI1977-11$2,489,386
4Tennessee Recreation & Parks AssociationPO BOX 1326, Franklin, TN 37065-1326TN1979-12$385,205
5Lockheed Employees Recreation AssnSunnyvale, CA 94088CA$347,831
6U S Grey Eagles Inc1115 Spearmint St, Stroudsburg, PA 18360-6664PA1988-06$157,510
7Upper Midwest Chapter Of Club Mangers Association Of America8870 Yellowstone Ln N, Maple Grove, MN 55311-1296MN1996-02$84,469
8Harford County Radio Control Modelers Club9 Hawley Ct, Bel Air, MD 21014MD2005-01$0
Number of organizations performing similar types of work
California1
District of Columbia1
Maryland1
Michigan1
Minnesota1
Pennsylvania1
Tennessee1
Virginia1
Total8

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