Chicago Masters Swim Club in River Forest, Illinois (IL)
Table of contents:
| Chicago Masters Swim Club | |
| Employer Identification Number (EIN) | 260856904 |
| Name of Organization | Chicago Masters Swim Club |
| In Care of Name | William D Mulliken |
| Address | 912 Franklin Ave, River Forest, IL 60305-1338 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 05/2009 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $82,640 |
| Amount of Income | $119,733 |
| Form 990 Revenue Amount | $119,733 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2013: $119,733 (it was $114,881 in 2012)
| Chicago Masters Swim Club: | $119,733 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2013: $82,640 (it was $69,691 in 2012)
| Chicago Masters Swim Club: | $82,640 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2013: $126,787
| Chicago Masters Swim Club: | $126,787 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2013: 0.9
| Chicago Masters Swim Club: | 0.9 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 78.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $98,224 | $114,881 | $119,733 |
| Contributions, gifts, grants, and similar amounts received | $0 | $29,106 | $0 |
| Program service revenue including government fees and contracts | $65,841 | $85,758 | $92,598 |
| Membership dues and assessments | $32,335 | $0 | $27,135 |
| Investment income | $48 | $17 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $89,891 | $106,824 | $126,787 |
| Total net assets | $61,634 | $69,691 | $82,640 |
| Excess/Deficit for the year | $8,333 | $8,057 | $-7,054 |
| Net assets or fund balances at beginning of year | $53,301 | $61,634 | $69,691 |
| Other changes in net assets or fund balances | $0 | $0 | $20,003 |
| Net assets or fund balances at end of year | $69,691 | $82,640 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $61,634 | $69,691 | $82,640 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $61,634 | $69,691 | $82,640 |
| 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 | $498,306 |
| Subtotal | $498,306 |
| Gifts, grants, contributions, and membership fees received | $114,411 |
| 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 | $205,539 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $178,356 |
| 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 |
| 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 | $499,016 |
| Public support | $498,306 |
| Subtotal | $710 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $710 |
| 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 | $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 | Fox Valley Swim Team | PO BOX 9135, Naperville, IL 60567-0135 | IL | 2007-07 | $870,278 |
| 3 | Westmont Swim Club Inc | 41 W 57th St, Westmont, IL 60559-2332 | IL | 2007-12 | $315,877 |
| 4 | Wildkit Swimming Organization | 5309 N Lynch Ave, Chicago, IL 60630-1427 | IL | 1994-05 | $263,337 |
| 5 | Hp Aquatics Club | 433 Vine Ave, Highland Park, IL 60035-2044 | IL | 2009-09 | $246,579 |
| 6 | Lincoln Park Boat Club Charitable Outreach | 2203 N Burling, Chicago, IL 60614 | IL | 2011-04 | $246,533 |
| 7 | Sheridan Shore Sailing School | 20 Harbor Dr, Wilmette, IL 60091-2881 | IL | 2001-12 | $232,730 |
| 8 | Saluki Swim Club Inc | PO BOX 3293, Carbondale, IL 62902-3293 | IL | 2015-01 | $159,962 |
| 9 | Ultimate Swimming Inc | 3615 Adams Rd, Oak Brook, IL 60523-2769 | IL | 2009-04 | $145,685 |
| 10 | Sail Chicago | PO BOX 101069, Chicago, IL 60610-8914 | IL | 2012-04 | $135,274 |
| 11 | Sheridan Swim Team Inc | 3915 S 24th St, Quincy, IL 62305-8925 | IL | 2008-08 | $86,267 |
| 12 | Columbia Yacht Club Legacy Foundation | 111 N Lake Shore Drive, Chicago, IL 60601 | IL | 2009-09 | $83,284 |
| 13 | Naperville Swim Conference | PO BOX 2332, Naperville, IL 60567-2332 | IL | 2012-10 | $76,498 |
| 14 | West Surburban Water Polo Club | 225 Brooklea Ct, Naperville, IL 60565-2424 | IL | 2005-06 | $72,422 |
| 15 | Dragon Aquatics | 1320 W Shore Dr, Pekin, IL 61554-5960 | IL | 2013-04 | $67,269 |
| 16 | Des Plaines Swimming Nfp | 1153 S Lee St 215, Des Plaines, IL 60016-6516 | IL | 2011-11 | $61,307 |
| 17 | Zion Dolphins Swim Team | PO BOX 224, Winthrop Hbr, IL 60096-0224 | IL | 2014-08 | $52,065 |
| 18 | Burbank Swim Association | PO BOX 875, Bedford Park, IL 60499-0875 | IL | 2014-03 | $51,755 |
| 19 | Rodney T Miller Lakeside Triathlon | 564 Bradley Ct, Decatur, IL 62522-3202 | IL | 2012-09 | $39,100 |
| 20 | Youth In Education And Sports | 4433 W Touhy Ave Ste 262, Lincolnwood, IL 60712-1833 | IL | 1996-06 | $26 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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