South Lake Sailing School Inc in Cedar Lake, Indiana (IN)
Table of contents:
| South Lake Sailing School Inc | |
| Employer Identification Number (EIN) | 351839443 |
| Name of Organization | South Lake Sailing School Inc |
| In Care of Name | Thomas R Echterling |
| Address | PO BOX 407, Cedar Lake, IN 46303-0407 |
| Activities | Other youth organization or activities |
| Subsection | Educational Organization |
| Ruling Date | 02/1992 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $75,238 |
| Amount of Income | $2,951 |
| Form 990 Revenue Amount | $2,951 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2013: $2,951 (it was $1,201 in 2012)
| This organization: | $2,951 |
| Other organizations performing similar types of work: | $238,659 |
Assets in 2013: $75,238 (it was $75,792 in 2012)
| This organization: | $75,238 |
| Other organizations performing similar types of work: | $95,458 |
Expenses in 2013: $3,505
| This organization: | $3,505 |
| Other organizations performing similar types of work: | $224,601 |
Income to expenses ratio in 2013: 0.8
| South Lake Sailing School Inc: | 0.8 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 100.0%
| South Lake Sailing School Inc: | 100.0% |
| Other organizations performing similar types of work: | 44.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $1,529 | $1,201 | $2,951 |
| Contributions, gifts, grants, and similar amounts received | $1,400 | $1,200 | $2,950 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1 | $1 | $1 |
| 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 | $128 | $0 | $0 |
| Total expenses | $3,768 | $3,832 | $3,505 |
| Total net assets | $78,423 | $75,792 | $75,238 |
| Excess/Deficit for the year | $-2,239 | $-2,631 | $-554 |
| Net assets or fund balances at beginning of year | $80,662 | $78,423 | $75,792 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $75,792 | $75,238 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $78,423 | $75,792 | $75,238 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $78,423 | $75,792 | $75,238 |
| 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: | A school described in section 170(b)(1)(A)(ii) |
| 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 | Mission Viejo Nadadores Foundation | 27474 Casta Del Sol, Mission Viejo, CA 92692-1581 | CA | 1985-06 | $2,224,124 |
| 2 | Us Swimming Inc, Florida Swimming Inc | 214 E Washington St Apt B, Minneola, FL 34715-9227 | FL | 2006-03 | $999,470 |
| 3 | Us Swimming Inc, Virginia | Bob Rustin, Richmond, VA 23235 | VA | 2006-03 | $836,063 |
| 4 | Us Swimming Inc, Wisconsin Swimming | 5330 Linden Cir, Racine, WI 53406-1220 | WI | 2006-03 | $713,436 |
| 5 | Davis Aquadarts Inc | 2200 Shorebird Dr, Sacramento, CA 95833-9793 | CA | 1975-05 | $692,964 |
| 6 | South Texas Swimming Inc, An Lsc Of Usa Swimming | 1111 Austin Hwy Apt 4101, San Antonio, TX 78209-4897 | TX | 2006-03 | $359,994 |
| 7 | Yorktown Crew Boosters Inc | 2528 N Buchanan St, Arlington, VA 22207-2660 | VA | 1995-12 | $269,071 |
| 8 | Stanton Rowing Foundation Inc | 1133 River Bank Ct, Jacksonville, FL 32207-2242 | FL | 1991-07 | $230,178 |
| 9 | Willamalane Swim Club Boosters Inc | PO BOX 633, Springfield, OR 97477-0102 | OR | 1990-01 | $133,886 |
| 10 | Villa Park High School-Aquatics Education Program | 18042 Taft Ave, Villa Park, CA 92861-4148 | CA | 1996-11 | $82,568 |
| 11 | Roanoke Valley Aquatic Association | PO BOX 21832, Roanoke, VA 24018-0185 | VA | 1974-06 | $34,764 |
| 12 | South Lake Sailing School Inc | PO BOX 407, Cedar Lake, IN 46303-0407 | IN | 1992-02 | $2,951 |
| 13 | Arcanum Swim Club Team Stingray Inc | 29 Ivester Ln, Arcanum, OH 45304-1323 | OH | 1992-08 | $0 |
| 14 | Empire State Regatta Funds Inc | PO BOX 459, Albany, NY 12201-0459 | NY | 1985-10 | $0 |
| 15 | Flagstaff Stingrays Inc | 1690 W Sunshine Drive, Flagstaff, AZ 86005 | AZ | 1995-10 | $0 |
| 16 | Harbison Aquatic Team | 106 Hillpine Rd, Columbia, SC 29212-2408 | SC | 1992-10 | $0 |
| 17 | Lets Pool Together | PO BOX 5127, Bellingham, WA 98227-5127 | WA | 1996-03 | $0 |
| 18 | Modesto City Swim Team | 3021 Keller St, Modesto, CA 95355-1813 | CA | 1983-04 | $0 |
| 19 | North Shore Aquatics Foundation | 1432 Highland Dr, Solana Beach, CA 92075-2102 | CA | 1998-01 | $0 |
| 20 | Siloam Springs Flyers Inc Siloam Springs Arkansas | PO BOX 1099, Siloam Springs, AR 72761 | AR | 1992-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||
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| Total | 30 | ||||||||||||||||||||||||||||||||||
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