Friendship Star Quilters Inc in Gaithersburg, Maryland (MD)

Friendship Star Quilters Inc
Employer Identification Number (EIN)	521937378
Name of Organization	Friendship Star Quilters Inc
In Care of Name	Barbara Kilby
Address	Po Box 8051, Gaithersburg, MD 20898-8051
Website	http://www.friendshipstar.org
Activities	Hobby club
Subsection	Pleasure, Recreational, or Social Club
Ruling Date	11/1995
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	2013
Assets	$0
Income	$0
Filing Requirement	990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount	$28,466
Amount of Income	$27,899
Form 990 Revenue Amount	$27,899

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Financial snapshot ($)

Revenue for 2013

	2011	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$27,899	$44,350	$41,831
Contributions, gifts, grants, and similar amounts received	$5,500	$237	$0
Program service revenue including government fees and contracts	$15,105	$29,402	$29,456
Membership dues and assessments	$4,360	$3,567	$3,712
Investment income	$51	$28	$13
Gain/Loss from sale of assets other than inventory	$0	$0	$0
Net income/loss from gaming and fundraising events	$2,654	$9,554	$7,392
Gross income from gaming	$0	$0	$8,315
Gross income from fundraising events	$5,262	$14,643	$0
Less: direct expenses from gaming and fundraising events	$2,608	$5,089	$923
Gross profit/loss from sales of inventory	$229	$1,562	$1,258
Gross sales of inventory, less returns and allowances	$229	$5,799	$4,921
Less: cost of goods sold	$0	$4,237	$3,663
Other revenue	$0	$0	$0
Total expenses	$30,083	$42,431	$48,119
Total net assets	$28,366	$30,703	$23,997
Excess/Deficit for the year	$-2,184	$1,919	$-6,288
Net assets or fund balances at beginning of year	$30,550	$28,366	$30,285
Other changes in net assets or fund balances	$0	$418	$0
Net assets or fund balances at end of year		$30,703	$23,997

	2011	2012	2013
Balance Sheets
Total assets	$28,466	$30,703	$23,997
Total liabilities	$100	$0	$0
Net assets or fund balances	$28,366	$30,703	$23,997

	2011	2012	2013
Other Information
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	Yes
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:	Not provided
Number of organizations supported	0
Sum of amounts of support	$0

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