Iris Club in New Orleans, Louisiana (LA)

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Iris Club
Employer Identification Number (EIN)721297114
Name of OrganizationIris Club
AddressPO BOX 56005, New Orleans, LA 70156-6005
ActivitiesBusiness promotion (chamber of commerce, business league, etc.)
SubsectionPleasure, Recreational, or Social Club
Ruling Date10/1995
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period03/2015
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$141,451
Amount of Income$148,043
Form 990 Revenue Amount$110,079


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Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$115,138$112,928$121,555
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$101,970$97,462$107,729
Investment income$1,253$885$824
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$5,300$8,140$7,067
Gross income from gaming$0$0$0
Gross income from fundraising events$39,150$40,486$40,642
Less: direct expenses from gaming and fundraising events$33,850$32,346$33,575
Gross profit/loss from sales of inventory$5,550$6,441$5,935
Gross sales of inventory, less returns and allowances$10,460$10,269$10,835
Less: cost of goods sold$4,910$3,828$4,900
Other revenue$1,065$0$0
Total expenses$113,826$105,198$111,512
Total net assets$120,061$127,791$137,434
Excess/Deficit for the year$1,312$7,730$10,043
Net assets or fund balances at beginning of year$118,749$120,061$127,391
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$127,791$137,834
Balance Sheets
201220132014
Total assets$120,061$127,791$137,434
Total liabilities$0$0$0
Net assets or fund balances$120,061$127,791$137,434
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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