Lawtown Boxing Gym Inc in Lawrence, Massachusetts (MA)

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Lawtown Boxing Gym Inc
Employer Identification Number (EIN)800212085
Name of OrganizationLawtown Boxing Gym Inc
In Care of NameEdwin Candelario
Address12 Park Street 1st Floor, Lawrence, MA 01841
SubsectionCharitable Organization
Ruling Date11/2010
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2010
Assets$1 to $9,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$3,142
Amount of Income$300
Form 990 Revenue Amount$300
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Amateur Sports Clubs, Leagues, (Not Elsewhere Classified)


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Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$1,040
Contributions, gifts, grants, and similar amounts received$1,040
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
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$0
Other revenue$0
Total expenses$4,115
Total net assets$-5,249
Deficit for the year$-3,075
Net assets or fund balances at beginning of year$-2,174
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$5,241
Total liabilities$10,490
Net assets or fund balances$-5,249
Other Information (for 2012)
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 2012)
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
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