Corvettes Limited Of Bowling Green in Bowling Green, Kentucky (KY)

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Corvettes Limited Of Bowling Green
Employer Identification Number (EIN)611289290
Name of OrganizationCorvettes Limited Of Bowling Green
In Care of NameDON SCHWARTZ
AddressPO BOX 50027, Bowling Green, KY 42102
ActivitiesHobby club
SubsectionPleasure, Recreational, or Social Club
Ruling Date08/1997
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$6,595
Amount of Income$4,027
Form 990 Revenue Amount$4,027


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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$4,027
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$3,050
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$247
Gross sales of inventory, less returns and allowances$247
Less: cost of goods sold$0
Other revenue$730
Total expenses$5,800
Total net assets$6,595
Deficit for the year$-1,773
Net assets or fund balances at beginning of year$8,368
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$6,595
Total liabilities$0
Net assets or fund balances$6,595
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
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$22,286
Gifts, grants, contributions, and membership fees received$16,250
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$0
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$0
Other$6,036
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