Shawmut Aquatic Club Inc in Wayland, Massachusetts (MA)
Table of contents:
| Shawmut Aquatic Club Inc | |
| Employer Identification Number (EIN) | 042576845 |
| Name of Organization | Shawmut Aquatic Club Inc |
| In Care of Name | Matthew Craven |
| Address | 71 Hillside Dr, Wayland, MA 01778-3826 |
| Activities | Training in sports, Other youth organization or activities |
| Subsection | Charitable Organization |
| Ruling Date | 02/1976 |
| 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 | 08/2012 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $237,630 |
| Amount of Income | $470,479 |
| Form 990 Revenue Amount | $453,407 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2012: $470,479 (it was $367,960 in 2011)
| This organization: | $470,479 |
| Other organizations performing similar types of work: | $198,434 |
Assets in 2012: $237,630 (it was $161,492 in 2011)
| This organization: | $237,630 |
| Other organizations performing similar types of work: | $98,183 |
Expenses in 2012: $376,236
| Shawmut Aquatic Club Inc: | $376,236 |
| Other organizations performing similar types of work: | $175,793 |
Income to expenses ratio in 2012: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.1 |
Number of employees in 2012: 11
| This organization: | 11 |
| Other organizations performing similar types of work: | 11 |
Grants share in income in 2012: 0.0%
| Shawmut Aquatic Club Inc: | 0.0% |
| Other organizations performing similar types of work: | 14.2% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $453,407 |
| Contributions, Gifts, Grants and Other Similar Amounts | $0 |
| Program Service Revenue | $335,697 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $6 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $117,704 |
| Gross income from fundraising events | $134,776 |
| Less: direct expenses | $17,072 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $376,236 |
| Compensation of current officers, directors, trustees, and key employees | $131,868 |
| Other salaries and wages | $52,108 |
| Payroll taxes | $15,576 |
| Professional fundraising services | $0 |
| Other | $176,684 |
| Balance Sheet (for 2012) | |
| Total assets | $237,630 |
| Total liabilities | $0 |
| Total net assets or fund balances | $237,630 |
| Retained earnings, endowment, accumulated income, or other funds | $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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $1,964,025 |
| Gifts, grants, contributions, and membership fees received | $1,348,911 |
| 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 | $1,698 |
| Other | $613,416 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Us Swimming Inc, Southern Ca Swimming Inc | 55 Hitchcock Way Ste 211, Santa Barbara, CA 93105-5110 | CA | 2006-03 | $3,953,880 |
| 2 | Nantucket Community Sailing Inc, Nantucket Island Community Sailing | PO BOX 2424, Nantucket, MA 02584-2424 | MA | 1995-09 | $2,031,515 |
| 3 | Stony Brook Yacht Club Inc | PO BOX 755, Stony Brook, NY 11790-0755 | NY | 1953-06 | $1,877,522 |
| 4 | Roanoke Valley Swimming Inc | PO BOX 4646, Roanoke, VA 24015-0646 | VA | 1988-04 | $1,822,202 |
| 5 | Community Boating Inc | 21 David G Mugar Way, Boston, MA 02114-3214 | MA | 1951-10 | $1,358,853 |
| 6 | Waukesha Express Swim Team Inc | PO BOX 1874, Waukesha, WI 53187-1874 | WI | 1981-02 | $1,131,659 |
| 7 | Saltaire Yacht Club Inc | 13o New Hyde Park Rd, Franklin Square, NY 11010 | NY | 1984-03 | $1,014,746 |
| 8 | Us Swimming Inc, Pacific Swimming | 4533 Tuolumne Way, Concord, CA 94521-4233 | CA | 2006-03 | $972,373 |
| 9 | Shawmut Aquatic Club Inc | 71 Hillside Dr, Wayland, MA 01778-3826 | MA | 1976-02 | $470,479 |
| 10 | Pleon Yacht Club Inc | 20 Highland Ter, Marblehead, MA 01945-2334 | MA | 1984-10 | $376,865 |
| 11 | Lincoln Maritime Center Inc | PO BOX 492, Hingham, MA 02043-0492 | MA | 1971-06 | $300,884 |
| 12 | Cohasset Sailing Club Inc | 152 King St Rt 3a, Cohasset, MA 02025 | MA | 1962-05 | $205,995 |
| 13 | Belmont Aquatic Team Inc, Glynn | PO BOX 294, Belmont, MA 02478-0007 | MA | 1981-05 | $197,542 |
| 14 | Wequaquet Lake Yacht Club | PO BOX 399, Centerville, MA 02632-0399 | MA | 1993-02 | $172,725 |
| 15 | Cohasset Swimming And Recreation Trust | 152 King St-Rt 3a, Cohasset, MA 02025 | MA | 1970-12 | $141,844 |
| 16 | Project Deep Inc | 127 Eastern Avenue, Gloucester, MA 01930-1802 | MA | 1981-12 | $101,465 |
| 17 | Wellesley Swimming Association Inc | 5 Bluebird Rd, Wellesley, MA 02481-3504 | MA | 1991-04 | $97,354 |
| 18 | C R A S H-B Sprints Inc | 60 State Street, Boston, MA 02109-1800 | MA | 1987-08 | $95,493 |
| 19 | Catboat Association Inc | 262 Forest St, Needham, MA 02492-1326 | MA | 1984-12 | $60,804 |
| 20 | Nobska Swim Club Inc | 242 Hatchville Rd, Hatchville, MA 02536-4026 | MA | 1976-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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