Grayson Diamond Club Inc in Grayson, Georgia (GA)
Table of contents:
| Grayson Diamond Club Inc | |
| Employer Identification Number (EIN) | 582543371 |
| Name of Organization | Grayson Diamond Club Inc |
| In Care of Name | Tony Carroll |
| Address | PO BOX 162, Grayson, GA 30017-0003 |
| Subsection | Educational Organization |
| Ruling Date | 01/2001 |
| 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 | 06/2013 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $15,638 |
| Amount of Income | $45,958 |
| Form 990 Revenue Amount | $27,140 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $45,958 (it was $43,560 in 2012)
| This organization: | $45,958 |
| Other organizations performing similar types of work: | $69,198 |
Assets in 2013: $15,638 (it was $24,552 in 2012)
| Grayson Diamond Club Inc: | $15,638 |
| Other organizations performing similar types of work: | $35,127 |
Expenses in 2013: $36,054
| This organization: | $36,054 |
| Other organizations performing similar types of work: | $43,494 |
Income to expenses ratio in 2013: 1.3
| Grayson Diamond Club Inc: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 11.1%
| This organization: | 11.1% |
| Other organizations performing similar types of work: | 4.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $29,359 | $32,473 | $27,140 |
| Contributions, gifts, grants, and similar amounts received | $1,506 | $6,606 | $3,000 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $17,425 | $8,415 | $11,334 |
| 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 | $10,517 | $15,547 | $7,151 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $31,213 | $22,781 | $22,425 |
| Less: direct expenses from gaming and fundraising events | $20,696 | $7,234 | $15,274 |
| Gross profit/loss from sales of inventory | $-714 | $1,135 | $4,014 |
| Gross sales of inventory, less returns and allowances | $5,295 | $4,988 | $7,558 |
| Less: cost of goods sold | $6,009 | $3,853 | $3,544 |
| Other revenue | $625 | $770 | $1,641 |
| Total expenses | $13,857 | $28,189 | $36,054 |
| Total net assets | $20,268 | $24,552 | $15,638 |
| Excess/Deficit for the year | $15,502 | $4,284 | $-8,914 |
| Net assets or fund balances at beginning of year | $4,766 | $20,268 | $24,552 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $24,552 | $15,638 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $20,268 | $24,552 | $15,638 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $20,268 | $24,552 | $15,638 |
| 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 | $174,423 |
| Subtotal | $174,423 |
| Gifts, grants, contributions, and membership fees received | $65,491 |
| 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 | $7,558 |
| 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 | $101,374 |
| 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 | $196,848 |
| Public support | $174,423 |
| 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 | $22,425 |
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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ravenwood High School Quarterback Club | 1724 Wilson Pike, Brentwood, TN 37027-8105 | TN | 2007-02 | $99,991 |
| 2 | Slocomb Band Boosters Inc | PO BOX 376, Slocomb, AL 36375-0376 | AL | 2006-12 | $54,892 |
| 3 | Ah Capital Campaign Inc | 519 Memorial Dr Se, Atlanta, GA 30312-2218 | GA | 2013-10 | $6,841,376 |
| 4 | The Helton Foundation | 3945 Holcomb Bridge Rd Ste 200, Norcross, GA 30092-5200 | GA | 2005-12 | $1,916,470 |
| 5 | Southern Polytechnic Applied Research Corporation | 1100 South Marietta Parkway No, Marietta, GA 30060 | GA | 2011-10 | $1,480,538 |
| 6 | Museum School Foundation Inc | 923 Forrest Blvd, Decatur, GA 30030-4730 | GA | 2012-11 | $611,876 |
| 7 | Dodge Connection A Communities In Schools Approach Inc | 114 9th Avenue, Eastman, GA 31023 | GA | 2001-03 | $346,109 |
| 8 | West Forsyth Band Boosters Inc | PO BOX 2237, Cumming, GA 30028-6500 | GA | 2008-01 | $290,339 |
| 9 | West Forsyth Touchdown Club Inc | 4155 Drew Rd, Cumming, GA 30040-9441 | GA | 2007-05 | $272,826 |
| 10 | Walton Lacrosse Booster Club, Walton High School | 1590 Bill Murdock Rd, Marietta, GA 30062-5953 | GA | 2005-01 | $257,697 |
| 11 | Wesleyan Arts Alliance Inc | 5405 Spalding Dr, Norcross, GA 30092-2614 | GA | 2005-11 | $252,823 |
| 12 | Sprayberry Band Boosters Association | PO BOX 671051, Marietta, GA 30066-0135 | GA | 2010-08 | $249,660 |
| 13 | Cherokee Warriors Touchdown Club Llc | 327 Westbridge Ln, Canton, GA 30114-6340 | GA | 2014-11 | $236,720 |
| 14 | Veterans High School Booster Club Inc | 340 Piney Grove Rd, Kathleen, GA 31047-2605 | GA | 2011-03 | $221,316 |
| 15 | Marietta High School Touchdown Club | PO BOX 72, Marietta, GA 30061-0072 | GA | 2013-02 | $192,439 |
| 16 | Creekview High School Band Boosters Inc, Creekview Band Boosters | 1550 Owens Store Rd, Canton, GA 30115-8903 | GA | 2015-01 | $192,185 |
| 17 | Ultimate Dream Academy Booster Club, Tu-Da Booster Club | 403 Mcdonough Pkwy, Mcdonough, GA 30253-6597 | GA | 2004-05 | $187,764 |
| 18 | Flowery Branch High School Touchdown Booster Club | PO BOX 658, Flowery Br, GA 30542-0011 | GA | 2012-06 | $178,666 |
| 19 | Flowery Branch High School Bpa | 6603 Spouts Springs Rd, Flowery Branch, GA 30542-5529 | GA | 2013-04 | $171,977 |
| 20 | Dade County Band Boosters Inc | PO BOX 642, Trenton, GA 30752-0642 | GA | 2009-06 | $167,170 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 10,796 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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