Summit North Yacht Club in Kirkwood, Delaware (DE)
Table of contents:
| Summit North Yacht Club | |
| Employer Identification Number (EIN) | 200975006 |
| Name of Organization | Summit North Yacht Club |
| In Care of Name | Ron Leidy |
| Address | PO BOX 41, Kirkwood, DE 19708-0041 |
| Subsection | Pleasure, Recreational, or Social Club |
| Ruling Date | 03/2005 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $1,629 |
| Amount of Income | $14,329 |
| Form 990 Revenue Amount | $14,204 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2013: $14,329 (it was $18,599 in 2012)
| Summit North Yacht Club: | $14,329 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2013: $1,629 (it was $916 in 2012)
| This organization: | $1,629 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2013: $13,491
| Summit North Yacht Club: | $13,491 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 3.5%
| Summit North Yacht Club: | 3.5% |
| Other organizations performing similar types of work: | 78.3% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $17,629 | $16,278 | $14,204 |
| Contributions, gifts, grants, and similar amounts received | $1,660 | $1,340 | $500 |
| Program service revenue including government fees and contracts | $7,067 | $5,475 | $3,216 |
| Membership dues and assessments | $7,800 | $7,800 | $8,700 |
| 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 | $1,035 | $1,748 | $1,528 |
| Gross income from gaming | $0 | $0 | $1,528 |
| Gross income from fundraising events | $1,135 | $1,748 | $0 |
| Less: direct expenses from gaming and fundraising events | $100 | $0 | $0 |
| Gross profit/loss from sales of inventory | $67 | $-85 | $260 |
| Gross sales of inventory, less returns and allowances | $120 | $2,236 | $385 |
| Less: cost of goods sold | $53 | $2,321 | $125 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $18,360 | $17,660 | $13,491 |
| Total net assets | $2,298 | $916 | $1,629 |
| Excess/Deficit for the year | $-731 | $-1,382 | $713 |
| Net assets or fund balances at beginning of year | $3,029 | $2,298 | $916 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $916 | $1,629 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $2,298 | $916 | $1,629 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $2,298 | $916 | $1,629 |
| 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: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Drummond Hill Pool Inc | PO BOX 15011, Newark, DE 19711-0011 | DE | 2002-11 | $86,491 |
| 2 | University Swim Club | Po Box 10442, Knoxville, TN 37939-0442 | TN | 2007-02 | $43,203 |
| 3 | Us Swimming Inc, Usa Swimming | 1 Olympic Plaza, Colorado Springs, CO 80909 | CO | 2006-03 | $40,777,941 |
| 4 | Sea Scout Base Galveston | 7509 Broadway St, Galveston, TX 77554-8921 | TX | 2012-02 | $9,959,938 |
| 5 | International Professional Surfing, Triple Crown Of Surfing | 59-063 Hoalua St Apt A, Haleiwa, HI 96712-8721 | HI | 2013-11 | $2,830,586 |
| 6 | Seva Seahawks Booster Club | PO BOX 1781, Yorktown, VA 23692-1781 | VA | 1995-03 | $2,663,053 |
| 7 | Row New York | 1027 46th Ave Ste 101, Long Is City, NY 11101-5202 | NY | 2002-03 | $1,874,869 |
| 8 | Katy Aquatic Team For Youth Inc, Katy Aquatics Summer Team | 5506 First Street Ave, Katy, TX 77493 | TX | 2001-08 | $1,788,163 |
| 9 | New England Science & Sailing Foundation Inc | PO BOX 733, Stonington, CT 06378-0733 | CT | 2004-08 | $1,387,535 |
| 10 | Saratoga Rowing Association Inc | PO BOX 750, Saratoga Spgs, NY 12866-0750 | NY | 2001-06 | $1,240,829 |
| 11 | Sammamish Rowing Association | PO BOX 3309, Redmond, WA 98073-3309 | WA | 1995-10 | $1,074,124 |
| 12 | Sarasota Crew Inc | 343 Palmetto Ave, Osprey, FL 34229-9381 | FL | 2002-08 | $1,072,630 |
| 13 | Shellcrest Swimming Club Inc | PO BOX 7214, Wilmington, DE 19803-0214 | DE | 2002-03 | $140,993 |
| 14 | Fair-Blue Club | 2005 Fairblue Ln, Wilmington, DE 19810-3652 | DE | 2002-06 | $123,186 |
| 15 | Club Brennen Inc | 1 Primerose Dr, Bear, DE 19701 | DE | 2000-08 | $74,749 |
| 16 | Seaford Community Swim Center Inc | PO BOX 1100, Seaford, DE 19973-5100 | DE | 2013-01 | $55,775 |
| 17 | Summit North Yacht Club | PO BOX 41, Kirkwood, DE 19708-0041 | DE | 2005-03 | $14,329 |
| 18 | Delaware Riptide Aquatics Swim Team Inc | PO BOX 48, Middletown, DE 19709-0048 | DE | 1997-06 | $13,263 |
| 19 | Lake Forest Community Swim Club Inc | 5284 Killens Pond Road, Felton, DE 19943 | DE | 2009-07 | $0 |
| 20 | Sussex Community Swim Team | 33109 Serenity Cir, Millsboro, DE 19966 | DE | 2012-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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