Team Chicago Boxing Club in Palos Park, Illinois (IL)
Table of contents:
| Team Chicago Boxing Club | |
| Employer Identification Number (EIN) | 364483699 |
| Name of Organization | Team Chicago Boxing Club |
| In Care of Name | Richard Fornuto |
| Address | 11 N Woodland Trl, Palos Park, IL 60464-1288 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2003 |
| 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 | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $4,533 |
| Amount of Income | $33,313 |
| Form 990 Revenue Amount | $33,313 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Amateur Sports Competitions |
Non-representatives - add comments:
Amount of income in 2013: $33,313 (it was $23,575 in 2012)
| This organization: | $33,313 |
| Other organizations performing similar types of work: | $68,822 |
Assets in 2013: $4,533 (it was $6,217 in 2012)
| Team Chicago Boxing Club: | $4,533 |
| Other organizations performing similar types of work: | $29,808 |
Expenses in 2013: $34,997
| This organization: | $34,997 |
| Other organizations performing similar types of work: | $62,550 |
Income to expenses ratio in 2013: 1.0
| Team Chicago Boxing Club: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 38.2% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $23,312 | $23,575 | $33,313 |
| Contributions, gifts, grants, and similar amounts received | $21,251 | $23,575 | $33,313 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $2,061 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $21,789 | $25,233 | $34,997 |
| Total net assets | $7,875 | $6,217 | $4,533 |
| Excess/Deficit for the year | $1,523 | $-1,658 | $-1,684 |
| Net assets or fund balances at beginning of year | $6,352 | $7,875 | $6,217 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $6,217 | $4,533 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $7,875 | $6,217 | $4,533 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $7,875 | $6,217 | $4,533 |
| 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 | $107,519 |
| Subtotal | $107,519 |
| Gifts, grants, contributions, and membership fees received | $96,538 |
| 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 | $8,481 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $2,500 |
| 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 | $107,519 |
| Public support | $107,519 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | United States Bowling Congress Inc, 82000 Chicagoland Usbc | 4415 Harrison St Ste 200, Hillside, IL 60162-1909 | IL | 2004-09 | $586,095 |
| 2 | United States Bowling Congress Inc, 85819 Illinois State Usbc Youth | 404 Ridge Rd, Mahomet, IL 61853-9307 | IL | 2004-09 | $330,614 |
| 3 | United States Bowling Congress Inc, 84296 Illinois State Usbc Wba | 402 W Hamilton Rd, Bloomington, IL 61704-8610 | IL | 2004-09 | $302,890 |
| 4 | United States Bowling Congress Inc, 81914 Illinois State Usbc Ba | PO BOX 724, Dekalb, IL 60115-0724 | IL | 2004-09 | $300,182 |
| 5 | United States Bowling Congress Inc, 81988 Suburban Windy City Usbc | 545 Illini Dr, Carol Stream, IL 60188-1555 | IL | 2004-09 | $235,468 |
| 6 | Cycling Development Foundation | PO BOX 724, Lake Zurich, IL 60047-0724 | IL | 2014-04 | $178,313 |
| 7 | Maine High School Hockey Association | 8435 W Ballard Rd, Niles, IL 60714-1400 | IL | 2009-12 | $150,065 |
| 8 | Xxx Racing | 6415 N Ravenswood 8, Chicago, IL 60626-3921 | IL | 2005-08 | $133,799 |
| 9 | United States Bowling Congress Inc, 81929 Rockford Usbc Ba | 2224 Pierce Ave, Rockford, IL 61103-2820 | IL | 2004-09 | $129,820 |
| 10 | Tohkon Judo Academy Inc, Leslie Rodriguez - Treas | 4427 N Clark St, Chicago, IL 60640-5403 | IL | 2010-01 | $127,555 |
| 11 | Cls Hockey Club Inc | 1157 Saint Andrews Ct, Algonquin, IL 60102-4129 | IL | 2011-05 | $119,866 |
| 12 | Decatur Running Club Incorporated | PO BOX 3397, Decatur, IL 62524-3397 | IL | 2014-04 | $87,000 |
| 13 | United States Bowling Congress Inc, Lake County Bowling Association | 1227 Anthony Ct, Antioch, IL 60002 | IL | 2004-09 | $85,595 |
| 14 | United States Bowling Congress Inc, 81958 Mchenry County Usbc | PO BOX 670, Woodstock, IL 60098-0670 | IL | 2004-09 | $80,262 |
| 15 | United States Pony Clubs Inc, Boskydell Pony Club | 2966 S Illinois Ave, Carbondale, IL 62903-8354 | IL | 2002-09 | $78,447 |
| 16 | United States Bowling Congress Inc, 84406 Tri-County Illinois Usbc | 1419 Cross St, Shiloh, IL 62269-2989 | IL | 2004-09 | $61,851 |
| 17 | United States Bowling Congress Inc, 82004 Gr Carlyle Usbc Ba | 1 Stone Dr, Highland, IL 62249-2846 | IL | 2004-09 | $61,620 |
| 18 | Round Lake Spartan Football & Cheerleading Organization | PO BOX 957, Round Lk Bch, IL 60073-0606 | IL | 2004-05 | $61,477 |
| 19 | Series 2011 Chicago Inc Nfp | 1733 W Lawrence Ave 1e, Chicago, IL 60640-4411 | IL | 2010-08 | $52,112 |
| 20 | Jacob Curby Foundation | 1719 60th St, Lagrange Hlds, IL 60525-3704 | IL | 2011-04 | $42,751 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 6,596 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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