Five Stones Sports Inc in Castle Rock, Colorado (CO)

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Five Stones Sports Inc
Employer Identification Number (EIN)271019021
Name of OrganizationFive Stones Sports Inc
In Care of NameCRAIG LUMSDEN
Address2688 Ballard Way, Castle Rock, CO 80109
Websitehttp://www.teamfivestoneracing.com
SubsectionCharitable Organization, Educational Organization
Ruling Date04/2010
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$18,444
Amount of Income$13,421
Form 990 Revenue Amount$13,421
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Basketball


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Amount of income in 2014: $13,421 (it was $20,313 in 2012)
Five Stones Sports Inc: 

 $13,421
Other organizations performing similar types of work: 

 $64,577

Assets in 2014: $18,444 (it was $10,609 in 2012)
This organization: 

 $18,444
Other organizations performing similar types of work: 

 $12,347

Expenses in 2012: $28,148
Five Stones Sports Inc: 

 $28,148
Other organizations performing similar types of work: 

 $60,846

Income to expenses ratio in 2012: 0.5
This organization: 

 0.5
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2012: 23.1%
This organization: 

 23.1%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$20,313
Contributions, gifts, grants, and similar amounts received$4,696
Program service revenue including government fees and contracts$0
Membership dues and assessments$10,617
Investment income$0
Gain from sale of assets other than inventory$5,000
Gross amount from sale of assets other than inventory$5,000
Less: cost or other basis and sales expenses$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$28,148
Total net assets$10,609
Deficit for the year$-7,835
Net assets or fund balances at beginning of year$18,444
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$10,609
Total liabilities$0
Net assets or fund balances$10,609
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$173,512
Gifts, grants, contributions, and membership fees received$173,512
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$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Triple Threat Sports Connection4811 Kirk St, Denver, CO 80249CO2003-12$483,536
2Colorado Titans Basketball Club67 Red Oak Ct, Erie, CO 80516-6811CO2009-11$346,869
3Chauncey Billups Elite Basketball Academy10905 Baxter Dr, Parker, CO 80134-9191CO2012-04$306,574
4Shining Stars Basketball Inc16465 W 54th Ave, Golden, CO 80403-1120CO2008-12$218,337
5Colorado Basketball ClubPO BOX 632103, Littleton, CO 80163-2103CO2010-08$210,032
6Ej Hoops Basketball ClubPO BOX 631192, Hghlnds Ranch, CO 80163-1192CO2013-04$192,285
7Colorado Miners IncPO BOX 7424, Denver, CO 80207-0424CO2009-06$125,457
8Rock Canyon Boys Basketball Club7343 Brixham Cir, Castle Pines, CO 80108-8836CO2013-09$113,507
9North Metro Ballers Corp5007 Buffalo Grass Loop, Broomfield, CO 80023-4641CO2013-10$51,615
10Mountain Vista Gold Crown Basketball9807 Venneford Ranch Rd, Hghlnds Ranch, CO 80126-4234CO2014-07$51,320
11Roundball Unlimited3140 S Parker Rd Ste 5, Aurora, CO 80014CO2012-04$44,578
12Boulder Junior Panthers Basketball1604 Arapahoe Ave, Boulder, CO 80302-6312CO2014-07$32,232
13Five Stones Sports Inc2688 Ballard Way, Castle Rock, CO 80109CO2010-04$13,421
14All In 15597 Whiske River Drive, Colorado Springs, CO 80923CO2015-03$0
15All-Star Youth Foundation Inc1185 W Moccasin Dr, Pueblo West, CO 81007-2037CO2008-10$0
16All-West Native American Youth Association1700 Broadway Suite 1202, Denver, CO 80290CO1996-08$0
17Ballers Basketball ClubP O Box 17621, Denver, CO 80217CO1997-05$0
18Choice Athletics Inc16276 E Crestline Pl, Centennial, CO 80015-4201CO2007-03$0
19Colorado Basketball Academy Inc932 Anaconda Dr, Castle Rock, CO 80108-8240CO2008-12$0
20Colorado Elite Academy865 Circle Dr, Boulder, CO 80302-7432CO2012-01$0
Number of organizations performing similar types of work
Alaska8
Alabama27
Arkansas21
Arizona44
California274
Colorado55
Connecticut44
District of Columbia10
Delaware6
Florida162
Georgia87
Hawaii13
Iowa17
Idaho8
Illinois113
Indiana61
Kansas18
Kentucky27
Louisiana26
Massachusetts79
Maryland78
Maine8
Michigan65
Minnesota95
Missouri56
Mississippi8
Montana5
North Carolina90
North Dakota1
Nebraska21
New Hampshire12
New Jersey109
New Mexico16
Nevada18
New York159
Ohio112
Oklahoma29
Oregon49
Pennsylvania95
Rhode Island9
South Carolina29
South Dakota5
Tennessee53
Texas239
Utah10
Virginia90
Vermont5
Washington99
Wisconsin104
West Virginia21
Wyoming4
International5
Total2,799

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