Penn Aquatic Club in Osceola, Indiana (IN)
Table of contents:
| Penn Aquatic Club | |
| Employer Identification Number (EIN) | 300117252 |
| Name of Organization | Penn Aquatic Club |
| In Care of Name | Mark Gage |
| Address | PO BOX 83, Osceola, IN 46561-0083 |
| Subsection | Pleasure, Recreational, or Social Club |
| Ruling Date | 12/2007 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| 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 | $43,144 |
| Amount of Income | $140,474 |
| Form 990 Revenue Amount | $138,721 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2013: $140,474 (it was $110,023 in 2012)
| This organization: | $140,474 |
| Other organizations performing similar types of work: | $180,651 |
Assets in 2013: $43,144 (it was $41,520 in 2012)
| Penn Aquatic Club: | $43,144 |
| Other organizations performing similar types of work: | $105,708 |
Expenses in 2013: $137,097
| Penn Aquatic Club: | $137,097 |
| Other organizations performing similar types of work: | $154,631 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 99.4%
| This organization: | 99.4% |
| Other organizations performing similar types of work: | 5.8% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $90,733 | $109,101 | $138,721 |
| Contributions, gifts, grants, and similar amounts received | $90,083 | $108,496 | $137,849 |
| 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 | $650 | $605 | $872 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $1,315 | $1,527 | $2,625 |
| Less: direct expenses from gaming and fundraising events | $665 | $922 | $1,753 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $95,188 | $100,514 | $137,097 |
| Total net assets | $32,933 | $41,520 | $43,144 |
| Excess/Deficit for the year | $-4,455 | $8,587 | $1,624 |
| Net assets or fund balances at beginning of year | $37,388 | $32,933 | $41,520 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $41,520 | $43,144 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $32,933 | $41,520 | $43,144 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $32,933 | $41,520 | $43,144 |
| 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: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Carmel Swim Club | 300 E Main Street, Carmel, IN 46032-1779 | IN | 2005-11 | $1,135,658 |
| 2 | Stingrays Inc | 803 Savona Way, Woodstock, GA 30189-8154 | GA | 1991-04 | $1,051,959 |
| 3 | Orinda Park Inc | PO BOX 32, Orinda, CA 94563-0032 | CA | 1945-03 | $961,639 |
| 4 | Nomahegan Swim Club | PO BOX 71, Westfield, NJ 07091-0071 | NJ | 1963-07 | $786,148 |
| 5 | Terre Haute Torpedoes Inc, Tht Inc | 9772 E Stewart Ave, Terre Haute, IN 47805-9718 | IN | 1998-04 | $199,843 |
| 6 | Little Fishing Creek Area Swimming Pool | Millville, PA 17846 | PA | $41,968 | |
| 7 | Team Phoenix Aquatics Inc | Danville, IL 61834 | IL | $40,899 | |
| 8 | Surfing America Inc | 555 N El Camino Real, San Clemente, CA 92672-6740 | CA | 2003-03 | $405,214 |
| 9 | Womens International Match Race Association Inc | 15 Margarita Dr, San Rafael, CA 94901-2325 | CA | 2008-02 | $307,756 |
| 10 | Salmon Bay Aquatics Inc | 2419-3 Ave W, Seattle, WA 98119 | WA | 1999-04 | $215,598 |
| 11 | University Swim Club Inc | 18707 Lomond Blvd, Shaker Hts, OH 44122 | OH | 2009-06 | $155,787 |
| 12 | Penn Aquatic Club | PO BOX 83, Osceola, IN 46561-0083 | IN | 2007-12 | $140,474 |
| 13 | Bahia Sail Racing Association | C/O Bcyc 1601 Bayside Drive, Corona Del Mar, CA 92625 | CA | 2008-03 | $83,462 |
| 14 | Colorado White Water Association | 455 Sherman St Suite 300, Denver, CO 80203 | CO | 1997-04 | $0 |
| 15 | Golden Bear Water Polo | 54 Michael Lane, Orinda, CA 94563 | CA | 2003-04 | $0 |
| 16 | Jetsporters Association Of Minnesota | 35468 Silver Sands Rd, Pequot Lakes, MN 56472-2579 | MN | 1999-07 | $0 |
| 17 | Marathon Youth Sailing Inc | 58417 Morton St, Marathon, FL 33050 | FL | 2008-02 | $0 |
| 18 | Port Indian Civic & Boating Association Inc | 743 Port Indian Road, Norristown, PA 19403 | PA | 1981-07 | $0 |
| 19 | Riverside Swimming Club Company | Po Box 371, Greenup, KY 41144 | KY | 2009-07 | $0 |
| 20 | Southern New Hampshire Aquatic Alliance | 61 Timberline Dr, Nashua, NH 03062-4523 | NH | 2002-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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