Magic Valley Marlins Swim Team in Twin Falls, Idaho (ID)
Table of contents:
| Magic Valley Marlins Swim Team | |
| Employer Identification Number (EIN) | 820450902 |
| Name of Organization | Magic Valley Marlins Swim Team |
| In Care of Name | Melissa Eisenhower |
| Address | 756 Locust Street North, Twin Falls, ID 83301 |
| Activities | Swimming or tennis club |
| Subsection | Charitable Organization |
| Ruling Date | 07/1994 |
| 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 | 2014 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $47,988 |
| Amount of Income | $43,660 |
| Form 990 Revenue Amount | $43,660 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2014: $43,660 (it was $0 in 2012)
| Magic Valley Marlins Swim Team: | $43,660 |
| Other organizations performing similar types of work: | $198,434 |
Assets in 2014: $47,988 (it was $0 in 2012)
| Magic Valley Marlins Swim Team: | $47,988 |
| Other organizations performing similar types of work: | $98,183 |
Expenses in 2011: $44,840
| This organization: | $44,840 |
| Other organizations performing similar types of work: | $175,793 |
Income to expenses ratio in 2011: 1.0
| Magic Valley Marlins Swim Team: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 0.2%
| Magic Valley Marlins Swim Team: | 0.2% |
| Other organizations performing similar types of work: | 14.2% |
Revenue for 2011
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011) | |
| Total revenue | $43,660 |
| Contributions, gifts, grants, and similar amounts received | $100 |
| Program service revenue including government fees and contracts | $1,146 |
| Membership dues and assessments | $28,372 |
| Investment income | $54 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $9,723 |
| Gross income from gaming | $0 |
| Gross income from fundraising events | $11,490 |
| Less: direct expenses from gaming and fundraising events | $1,767 |
| Gross profit from sales of inventory | $4,265 |
| Gross sales of inventory, less returns and allowances | $9,942 |
| Less: cost of goods sold | $5,677 |
| Other revenue | $0 |
| Total expenses | $44,840 |
| Total net assets | $47,988 |
| Deficit for the year | $-1,180 |
| Net assets or fund balances at beginning of year | $48,572 |
| Other changes in net assets or fund balances | $596 |
| Balance Sheets (for 2011) | |
| Total assets | $47,988 |
| Total liabilities | $0 |
| Net assets or fund balances | $47,988 |
| Other Information (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| 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 | $231,382 |
| Gifts, grants, contributions, and membership fees received | $61,990 |
| 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 | $168,528 |
| 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 | $864 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Us Swimming Inc, Southern Ca Swimming Inc | 55 Hitchcock Way Ste 211, Santa Barbara, CA 93105-5110 | CA | 2006-03 | $3,953,880 |
| 2 | Stony Brook Yacht Club Inc | PO BOX 755, Stony Brook, NY 11790-0755 | NY | 1953-06 | $1,877,522 |
| 3 | Roanoke Valley Swimming Inc | PO BOX 4646, Roanoke, VA 24015-0646 | VA | 1988-04 | $1,822,202 |
| 4 | Waukesha Express Swim Team Inc | PO BOX 1874, Waukesha, WI 53187-1874 | WI | 1981-02 | $1,131,659 |
| 5 | Saltaire Yacht Club Inc | 13o New Hyde Park Rd, Franklin Square, NY 11010 | NY | 1984-03 | $1,014,746 |
| 6 | Us Swimming Inc, Pacific Swimming | 4533 Tuolumne Way, Concord, CA 94521-4233 | CA | 2006-03 | $972,373 |
| 7 | Us Swimming Inc, Connecticut | 54 Lido Rd, Unionville, CT 06085-1535 | CT | 2006-03 | $907,451 |
| 8 | Santa Fe Trail Blazers Association | 6501 Antioch Rd, Shawnee Msn, KS 66202-3637 | KS | 1977-07 | $869,946 |
| 9 | San Diego Yacht Club Sailing Foundation | 1011 Anchorage Ln, San Diego, CA 92106-3005 | CA | 1997-07 | $736,522 |
| 10 | Suburban Swimming Club | 3615 Gradyville Rd, Newtown Square, PA 19073 | PA | 1964-02 | $719,448 |
| 11 | Wichita Swim Club | 8323 E Douglas Ave, Wichita, KS 67207-1213 | KS | 1982-10 | $713,053 |
| 12 | Southeastern Swim Club Incorporated | PO BOX 327, Fishers, IN 46038-0327 | IN | 1997-07 | $675,656 |
| 13 | South West Aquatic Team | PO BOX 20738, Greenfield, WI 53220-0738 | WI | 1976-09 | $658,511 |
| 14 | Southern California Aquatic Masters Swimming Club | 3646 Barry Ave, Los Angeles, CA 90066 | CA | 1992-02 | $643,396 |
| 15 | Us Swimming Inc, Sierra Nevada | 5350 Whitehaven Way, Antelope, CA 95843-5996 | CA | 2006-03 | $629,749 |
| 16 | X-Cel Swimming Inc | PO BOX 3141, Princeton, NJ 08543-3141 | NJ | 1997-03 | $590,570 |
| 17 | Tucson Ford Dealers Aquatics Inc, Tucson Swim Club | PO BOX 44233, Tucson, AZ 85733-4233 | AZ | 1981-08 | $568,905 |
| 18 | Nampa Swim Team Inc | PO BOX 753, Nampa, ID 83653-0753 | ID | 1997-10 | $85,882 |
| 19 | Magic Valley Marlins Swim Team | 756 Locust Street North, Twin Falls, ID 83301 | ID | 1994-07 | $43,660 |
| 20 | Midvale Swimming Pool Inc | PO BOX 4, Midvale, ID 83645 | ID | 2012-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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