Optimist Foundation Of The Beaches Inc, Michael P Sharp Treas in Panama City Beach, Florida (FL)
Table of contents:
| Optimist Foundation Of The Beaches Inc, Michael P Sharp Treas | |
| Employer Identification Number (EIN) | 593452094 |
| Name of Organization | Optimist Foundation Of The Beaches Inc |
| Secondary Name | Michael P Sharp Treas |
| Address | 21720 Front Beach Road, Panama City Beach, FL 32413-3318 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2000 |
| 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 | 09/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $72,922 |
| Amount of Income | $46,507 |
| Form 990 Revenue Amount | $41,226 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Men's Service Clubs |
Non-representatives - add comments:
Amount of income in 2013: $46,507 (it was $51,987 in 2012)
| This organization: | $46,507 |
| Other organizations performing similar types of work: | $58,813 |
Assets in 2013: $72,922 (it was $61,846 in 2012)
| Optimist Foundation Of The Beaches Inc, Michael P Sharp Treas: | $72,922 |
| Other organizations performing similar types of work: | $58,767 |
Expenses in 2013: $30,150
| Optimist Foundation Of The Beaches Inc, Michael P Sharp Treas: | $30,150 |
| Other organizations performing similar types of work: | $36,508 |
Income to expenses ratio in 2013: 1.5
| Optimist Foundation Of The Beaches Inc, Michael P Sharp Treas: | 1.5 |
| Other organizations performing similar types of work: | 1.7 |
Grants share in income in 2013: 86.0%
| Optimist Foundation Of The Beaches Inc, Michael P Sharp Treas: | 86.0% |
| Other organizations performing similar types of work: | 20.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $46,816 | $43,239 | $41,226 |
| Contributions, gifts, grants, and similar amounts received | $36,582 | $37,177 | $35,459 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $936 | $247 | $41 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $9,298 | $5,815 | $5,726 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $19,740 | $14,563 | $11,007 |
| Less: direct expenses from gaming and fundraising events | $10,442 | $8,748 | $5,281 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $33,033 | $72,318 | $30,150 |
| Total net assets | $90,925 | $61,846 | $72,922 |
| Excess/Deficit for the year | $13,783 | $-29,079 | $11,076 |
| Net assets or fund balances at beginning of year | $77,142 | $90,925 | $61,846 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $61,846 | $72,922 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $90,925 | $61,846 | $72,922 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $90,925 | $61,846 | $72,922 |
| 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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $137,179 |
| Subtotal Support | $137,179 |
| Gifts, grants, contributions, and membership fees received | $137,179 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $224,302 |
| Public Support | $137,179 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,862 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $84,261 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Orange Blossom Gardens Lions Foundation Inc, Ladylake Orange Blossom Gardens | PO BOX 1428, Lady Lake, FL 32158-1428 | FL | 2002-11 | $110,916 |
| 2 | Vetsville Cease Fire House Inc | 201 Ne 19th Ave, Boynton Beach, FL 33435-2291 | FL | 1993-11 | $54,133 |
| 3 | 100 Black Men Of Southwest Florida Inc | 2429 Nw 13th Street, Cape Coral, FL 33993 | FL | 2014-04 | $0 |
| 4 | Bam Project | PO BOX 174088, Miami, FL 33017-4088 | FL | 2009-06 | $0 |
| 5 | Belle Glade Lions Club | P O Box 51, Belle Glade, FL 33430 | FL | 2014-10 | $0 |
| 6 | Central Florida Mens Retreat | 8414 N Ronda Dr, Citrus Springs, FL 34433 | FL | 2008-04 | $0 |
| 7 | Coral Springs Downtown Lions Foundation Inc | 9900 West Sample Road Ste 341, Coral Springs, FL 33065 | FL | 1999-12 | $0 |
| 8 | Groveland-Mascotte Lions Foundation Inc | 147 E Broad St, Groveland, FL 34736-2501 | FL | 2001-11 | $0 |
| 9 | International Association Of Lions Clubs | 1442 Lake Shore Drive, Cassleberry, FL 32707 | FL | 1940-12 | $0 |
| 10 | International Association Of Lions Clubs | 1425 Scepter Court Ne, Palm Bay, FL 32905 | FL | 1995-11 | $0 |
| 11 | International Association Of Lions Clubs, Florida E-Lions Clubinc | 19140 Nw 22nd Place, Miami Gardens, FL 33056-2649 | FL | 1940-12 | $0 |
| 12 | Kiwanis Club Columbian American Foundation Of Miami Dade Corp | 1915 West & Ave, Hialeah, FL 33010 | FL | 2004-04 | $0 |
| 13 | Kiwanis Club Of Midtown St Petersburg Youth Foundation Inc | 6190 31st Ave N, St Petersburg, FL 33710 | FL | 2001-07 | $0 |
| 14 | Kiwanis Club Of Vero-Treasure Coast Foundation Inc | 4000 20th St, Vero Beach, FL 32960-2414 | FL | 2002-10 | $0 |
| 15 | Oviedo-Winters Springs Lions Foundation Inc | 4792 Dunbarton Drive, Orlando, FL 32817 | FL | 2002-01 | $0 |
| 16 | Stone Square Lodge | Po Box 4645, Cleaarwater, FL 33758-4645 | FL | 2005-07 | $0 |
| 17 | Tallahassee Area Chapter Of 100 Black Men Of America Inc | 7804 Preservation Road, Tallahassee, FL 32312 | FL | 2002-05 | $0 |
| 18 | The Winter Park Alumni Chapter Of Kappa Alpha Psi Fraternity | Po Box 3572, Winter Park, FL 32790 | FL | 2014-05 | $0 |
| 19 | Themelbourne Lions Foundation Inc | Po Box 853, Melbourne, FL 32902-0853 | FL | 2005-08 | $0 |
| 20 | Upsilon Lambda Chapter Of Alpha Phi Alpha Fraternity Inc | Po Box 4081, Jacksonville, FL 32203-0081 | FL | 2005-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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