Okoboji Yacht Club in Milford, Iowa (IA)
Table of contents:
| Okoboji Yacht Club | |
| Employer Identification Number (EIN) | 237409197 |
| Name of Organization | Okoboji Yacht Club |
| Address | PO BOX 544, Milford, IA 51351-0544 |
| Activities | Other sports club |
| Subsection | Pleasure, Recreational, or Social Club |
| Ruling Date | 03/1975 |
| 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 | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $9,392 |
| Amount of Income | $191,496 |
| Form 990 Revenue Amount | $71,260 |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $62,767 | $84,036 | $71,260 |
| Contributions, gifts, grants, and similar amounts received | $700 | $1,220 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $115,550 | $115,900 | $114,150 |
| Investment income | $171 | $89 | $44 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-59,878 | $-38,358 | $-51,620 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $56,895 | $36,561 | $68,452 |
| Less: direct expenses from gaming and fundraising events | $116,773 | $74,919 | $120,072 |
| Gross profit/loss from sales of inventory | $1,249 | $35 | $986 |
| Gross sales of inventory, less returns and allowances | $2,136 | $318 | $1,150 |
| Less: cost of goods sold | $887 | $283 | $164 |
| Other revenue | $4,975 | $5,150 | $7,700 |
| Total expenses | $63,109 | $83,721 | $72,043 |
| Total net assets | $7,913 | $8,228 | $7,445 |
| Excess/Deficit for the year | $-342 | $315 | $-783 |
| Net assets or fund balances at beginning of year | $8,255 | $7,913 | $8,228 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $8,228 | $7,445 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $9,246 | $9,857 | $9,392 |
| Total liabilities | $1,333 | $1,629 | $1,947 |
| Net assets or fund balances | $7,913 | $8,228 | $7,445 |
| 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 | Yes | Yes | Yes |
| Has the organization filed a Form 990-T for the year? | Yes | Yes | |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Oelwein Foundation | 310 11th Ave Nw, Independence, IA 50644-1641 | IA | 1982-01 | $50,060 |
| 2 | Oelwein Senior Citizens Housing Corporation | 302 1st St E, Independence, IA 50644-2815 | IA | 1977-06 | $235,767 |
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| 5 | Ohalloran International Foundation, C-O James F Ohalloran | 3311 Adventureland Dr, Altoona, IA 50009-9593 | IA | 1992-10 | $80,001 |
| 6 | Ohnward Fine Arts Center | 1215 E Platt St, Maquoketa, IA 52060-2536 | IA | 2001-12 | $195,081 |
| 7 | Ohnward Foundation, Krista Grant | 107 E Quarry St, Maquoketa, IA 52060-2310 | IA | 2005-01 | $537,658 |
| 8 | Okoboji Community School Foundation | PO BOX 147, Milford, IA 51351-0147 | IA | 1997-02 | $12,940 |
| 9 | Okoboji Lakes Bible And Missionary Conference Association | 7 S Hwy 71, Arnolds Park, IA 51331 | IA | 1988-03 | $466,195 |
| 10 | Okoboji Protecite Association | Po Box 128, Milford, IA 51351 | IA | 1994-11 | $75,780 |
| 11 | Okoboji Yacht Club | PO BOX 544, Milford, IA 51351-0544 | IA | 1975-03 | $191,496 |
| 12 | Okoboji Yacht Club Sailing School Inc 082897 | PO BOX 544, Milford, IA 51351-0544 | IA | 1998-10 | $452,574 |
| 13 | Oktoberfest Committee | PO BOX 1385, Ottumwa, IA 52501-7385 | IA | 1985-01 | $48,183 |
| 14 | Olberg Family Charitable Trust Inc | 1926 Bloomington Rd, Marion, IA 52302-9488 | IA | 1988-03 | $8,166 |
| 15 | Old Brick Foundation | 26 E Market St, Iowa City, IA 52245-1742 | IA | 2000-03 | $24 |
| 16 | Old Creamery Theatre Company Inc | 39 38th Ave, Amana, IA 52203-8200 | IA | 1972-05 | $1,021,266 |
| 17 | Old Threshers Foundation Inc | 405 E Thresher Rd, Mt Pleasant, IA 52641-2584 | IA | 1986-06 | $220,418 |
| 18 | Old Tipton Union School Inc | PO BOX 271, Tipton, IA 52772-0271 | IA | 2007-11 | $80,525 |
| 19 | Olin Day Care Inc | PO BOX 105, Olin, IA 52320-0105 | IA | 1996-06 | $200,077 |
| 20 | Ollie Community Retirement Corp | PO BOX 96, North English, IA 52316-0096 | IA | $48,096 | |
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