Des Moines Rowing Club in Des Moines, Iowa (IA)
Table of contents:
| Des Moines Rowing Club | |
| Employer Identification Number (EIN) | 421220527 |
| Name of Organization | Des Moines Rowing Club |
| Address | PO BOX 872, Des Moines, IA 50304-0872 |
| Subsection | Literary Organization |
| Ruling Date | 02/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $159,697 |
| Amount of Income | $66,171 |
| Form 990 Revenue Amount | $51,053 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2014: $66,171 (it was $47,719 in 2013)
| Des Moines Rowing Club: | $66,171 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2014: $159,697 (it was $143,381 in 2013)
| Des Moines Rowing Club: | $159,697 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2013: $56,447
| Des Moines Rowing Club: | $56,447 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 25.4%
| Des Moines Rowing Club: | 25.4% |
| 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 | $34,549 | $49,619 | $47,719 |
| Contributions, gifts, grants, and similar amounts received | $8,730 | $9,685 | $12,133 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $25,735 | $33,279 | $30,087 |
| Investment income | $184 | $12 | $15 |
| Gain/Loss from sale of assets other than inventory | $0 | $150 | $150 |
| Gross amount from sale of assets other than inventory | $0 | $150 | $150 |
| Less: cost or other basis and sales expenses | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-100 | $4,642 | $1,233 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $13,480 | $17,645 | $12,677 |
| Less: direct expenses from gaming and fundraising events | $13,580 | $13,003 | $11,444 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $1,850 | $4,101 |
| Total expenses | $39,485 | $25,544 | $56,447 |
| Total net assets | $156,893 | $148,857 | $143,381 |
| Excess/Deficit for the year | $-4,935 | $24,075 | $-8,728 |
| Net assets or fund balances at beginning of year | $155,516 | $132,817 | $148,708 |
| Other changes in net assets or fund balances | $6,312 | $-8,035 | $3,401 |
| Net assets or fund balances at end of year | $172,933 | $143,531 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $156,893 | $148,857 | $143,381 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $156,893 | $148,857 | $143,381 |
| 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 | University Swim Club | Po Box 10442, Knoxville, TN 37939-0442 | TN | 2007-02 | $43,203 |
| 2 | Indianola Swim Club | 1501 West 5th Avenue, Indianola, IA 50125 | IA | 2011-09 | $49,178 |
| 3 | Shoquoquon Boat Club Inc | PO BOX 491, Burlington, IA 52601-0491 | IA | 2001-02 | $46,982 |
| 4 | Five Seasons Ski Team | Po Box 10701, Cedar Rapids, IA 52410 | IA | 2014-05 | $46,700 |
| 5 | Us Swimming Inc, Davenport Metro Swim Team | 2715 Pioneer Ct, Davenport, IA 52804-1099 | IA | 2006-03 | $46,146 |
| 6 | Urbandale Swim Club Inc | Po Box 3554, Urbandale, IA 50322 | IA | 2014-10 | $21,075 |
| 7 | North Side Otters Foundation Inc | 1500 Nw 118th St, Des Moines, IA 50325 | IA | 2014-10 | $15,153 |
| 8 | Ankeny Aquahawks Booster Club | 408 Sw 3rd St, Ankeny, IA 50023-3040 | IA | 2014-10 | $0 |
| 9 | Ballard Sharks Swim Club | 207 N Main Ave, Huxley, IA 50124-9413 | IA | 2009-06 | $0 |
| 10 | Burlington Dragon Boat Association Inc | PO BOX 881, Burlington, IA 52601-0881 | IA | 2003-11 | $0 |
| 11 | Circle Swim Aquatics | 130 Juniper Avenue, Kellogg, IA 50135 | IA | 2006-12 | $0 |
| 12 | Decorah Swim Club | 310 Valley Dr Apt 3, Decorah, IA 52101-1535 | IA | 2014-09 | $0 |
| 13 | Des Moines Aquamaids Synchronized Swimming Club | 825 Se Mapleleaf Ln, Waukee, IA 50263-8200 | IA | 2014-09 | $0 |
| 14 | Glenwood Community Aquatics Association | PO BOX 366, Glenwood, IA 51534-0366 | IA | 2003-07 | $0 |
| 15 | Iowa Whitewater Coalition Inc | Po Box 65453, West Des Moines, IA 50265 | IA | 2005-02 | $0 |
| 16 | Pella Swim Club | 712 Union Street Suite 104, Pella, IA 50219 | IA | 2011-05 | $0 |
| 17 | Quad City Sailing School Inc | 1820 Grant St Box 5013, Bettendorf, IA 52722 | IA | 2012-03 | $0 |
| 18 | Saylorville Yacht Club Sailing School | 6991 Coburn Lane, Johnston, IA 50131 | IA | 2009-06 | $0 |
| 19 | Ski Bellevue Waterski Show Team Association | 23674 415th Ave, Bellevue, IA 52031 | IA | 2015-03 | $0 |
| 20 | South Des Moines Swim Club | 1360 Vintage Ct, Cumming, IA 50061 | IA | 2012-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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