Family Service League in Waterloo, Iowa (IA)

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Family Service League
Employer Identification Number (EIN)420680349
Name of OrganizationFamily Service League
AddressPO BOX 240, Waterloo, IA 50704-0240
SubsectionCharitable Organization
Ruling Date08/1949
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2011
Assets$10,000 to $24,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$22,089
Amount of Income$176,158
Form 990 Revenue Amount$101,158


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Financial snapshot ($)

Revenue for 2011

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$101,158
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$4,195
Gain from sale of assets other than inventory$2,913
Gross amount from sale of assets other than inventory$77,913
Less: cost or other basis and sales expenses$75,000
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$94,050
Total expenses$103,034
Total net assets$22,089
Deficit for the year$-1,876
Net assets or fund balances at beginning of year$27,237
Other changes in net assets or fund balances$-3,272
Balance Sheets (for 2011)
Total assets$22,089
Total liabilities$0
Net assets or fund balances$22,089
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$37,470
Gifts, grants, contributions, and membership fees received$0
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
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$32,101
Other$5,369
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