Delaware Panthers Basketball Club in Newark, Delaware (DE)
Table of contents:
| Delaware Panthers Basketball Club | |
| Employer Identification Number (EIN) | 593828216 |
| Name of Organization | Delaware Panthers Basketball Club |
| In Care of Name | Ron Martin |
| Address | 5 Green Ct, Newark, DE 19702-1355 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 08/2006 |
| 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 | 12/2014 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $8,565 |
| Amount of Income | $87,853 |
| Form 990 Revenue Amount | $87,853 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Basketball |
Non-representatives - add comments:
Amount of income in 2014: $87,853 (it was $72,435 in 2013)
| This organization: | $87,853 |
| Other organizations performing similar types of work: | $64,577 |
Assets in 2014: $8,565 (it was $1,525 in 2013)
| Delaware Panthers Basketball Club: | $8,565 |
| Other organizations performing similar types of work: | $12,347 |
Expenses in 2013: $72,885
| This organization: | $72,885 |
| Other organizations performing similar types of work: | $60,846 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 0.5% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $21,673 | $55,750 | $72,435 |
| Contributions, gifts, grants, and similar amounts received | $21,673 | $55,750 | $72,435 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| 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 | $35,754 | $53,774 | $72,885 |
| Total net assets | $-10,585 | $1,975 | $1,525 |
| Excess/Deficit for the year | $-14,081 | $1,976 | $-450 |
| Net assets or fund balances at beginning of year | $3,496 | $-10,585 | $1,975 |
| Other changes in net assets or fund balances | $0 | $10,584 | $0 |
| Net assets or fund balances at end of year | $1,975 | $1,525 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $-10,585 | $1,975 | $1,525 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $-10,585 | $1,975 | $1,525 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 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 | $214,441 |
| Subtotal | $214,441 |
| Gifts, grants, contributions, and membership fees received | $214,441 |
| 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 | $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 | $214,441 |
| Public support | $214,441 |
| 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 | South West Lmc Inc | 3150 Rt 60, Ona, WV 25545-9507 | WV | 2012-03 | $1,506,521 |
| 2 | Access Sports Incorporated | 12101 N Macarthur, Oklahoma City, OK 73162 | OK | 2009-07 | $1,174,944 |
| 3 | Renegades | 858 Street Rd, Southampton, PA 18966-4723 | PA | 2004-07 | $745,512 |
| 4 | Team Esface Inc | 763 Green St, E Palo Alto, CA 94303-1945 | CA | 2014-09 | $741,763 |
| 5 | Together Every1 Achieves More Inc | 2115 Gwynn Oak Ave, Baltimore, MD 21207-6004 | MD | 2010-07 | $731,995 |
| 6 | Mo Motion Inc | 203 W 109th St Apt 2w, New York, NY 10025-2377 | NY | 2010-03 | $673,102 |
| 7 | San Gabriel Valley Basketball Club Inc | PO BOX 3249, Montebello, CA 90640-8549 | CA | 2009-05 | $635,364 |
| 8 | Tarkanian Basketball Academy Inc | 2730 S Rancho Dr, Las Vegas, NV 89102-6400 | NV | 2003-05 | $632,385 |
| 9 | New Renaissance Basketball Association Inc | 52 E 80th St, New York, NY 10075-0248 | NY | 2012-01 | $548,393 |
| 10 | Triple Threat Sports Connection | 4811 Kirk St, Denver, CO 80249 | CO | 2003-12 | $483,536 |
| 11 | Eastside Basketball Alliance | 17455 Ne 67th Court Suite 160, Redmond, WA 98052-7910 | WA | 2009-03 | $473,960 |
| 12 | Youth Athletic Foundation | PO BOX 770445, Memphis, TN 38177-0445 | TN | 2009-08 | $459,356 |
| 13 | Gil Basketball Academy | 1522 Constitution Blvd, Salinas, CA 93905-3803 | CA | 2010-04 | $413,217 |
| 14 | Syracuse Nets Ltd | 4914 West Genesee St, Camillus, NY 13031-2374 | NY | 2011-01 | $380,078 |
| 15 | Urban Youth Inc | 1211 Canvasback Dr, New Castle, DE 19720-8934 | DE | 2004-04 | $156,482 |
| 16 | Delaware Panthers Basketball Club | 5 Green Ct, Newark, DE 19702-1355 | DE | 2006-08 | $87,853 |
| 17 | Chisums Athletic Coaching & Consulting Services Inc | 5 Hanley St, Harrington, DE 19952-1323 | DE | 2010-11 | $0 |
| 18 | First State Basketball | 412 Willowbend Ct, Hockessin, DE 19707-2327 | DE | 2003-07 | $0 |
| 19 | Rock Manor Golf Course Corporation | 800 N French St Fl 8, Wilmington, DE 19801-3590 | DE | 2001-09 | $0 |
| 20 | Wilmington Tigers Basketball Club Of Delaware Inc | 47 Airdrie Drive, Bear, DE 19701-2362 | DE | 2005-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,799 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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