International Formula One Pylon Air Racing Inc in San Bruno, California (CA)

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International Formula One Pylon Air Racing Inc
Employer Identification Number (EIN)760190770
Name of OrganizationInternational Formula One Pylon Air Racing Inc
Address130 Lassen Dr, San Bruno, CA 94066-2516
ActivitiesHobby club
SubsectionLocal Association of Employees
Ruling Date05/1987
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$17,411
Amount of Income$46,932
Form 990 Revenue Amount$46,932


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Financial snapshot ($)

Revenue for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$56,193
Contributions, Gifts, Grants and Other Similar Amounts$4,666
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$51,527
Statement of Functional Expenses (for 2012)
Total functional expenses$46,570
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$46,570
Balance Sheet (for 2012)
Total assets$10,623
Total liabilities$0
Total net assets or fund balances$10,623
Retained earnings, endowment, accumulated income, or other funds$10,623
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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