Garrett Sports Inc in Oakland, Maryland (MD)
Table of contents:
| Garrett Sports Inc | |
| Employer Identification Number (EIN) | 510481337 |
| Name of Organization | Garrett Sports Inc |
| In Care of Name | Tonya Vernon |
| Address | 317 E Oak St, Oakland, MD 21550-1503 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 08/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $37,929 |
| Amount of Income | $54,756 |
| Form 990 Revenue Amount | $54,756 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Winter Sports (Snow and Ice) |
Non-representatives - add comments:
Amount of income in 2014: $54,756 (it was $63,816 in 2013)
| Garrett Sports Inc: | $54,756 |
| Other organizations performing similar types of work: | $95,590 |
Assets in 2014: $37,929 (it was $51,335 in 2013)
| Garrett Sports Inc: | $37,929 |
| Other organizations performing similar types of work: | $36,253 |
Expenses in 2013: $36,681
| Garrett Sports Inc: | $36,681 |
| Other organizations performing similar types of work: | $85,753 |
Income to expenses ratio in 2013: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 13.2%
| This organization: | 13.2% |
| Other organizations performing similar types of work: | 1.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $45,323 | $49,541 | $63,816 |
| Contributions, gifts, grants, and similar amounts received | $5,430 | $4,750 | $8,435 |
| Program service revenue including government fees and contracts | $8,316 | $9,614 | $19,160 |
| Membership dues and assessments | $31,576 | $35,151 | $36,200 |
| Investment income | $0 | $26 | $21 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $41,825 | $45,041 | $36,681 |
| Total net assets | $47,801 | $49,771 | $50,960 |
| Excess/Deficit for the year | $3,497 | $4,500 | $27,135 |
| Net assets or fund balances at beginning of year | $44,304 | $45,271 | $23,825 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $52,301 | $76,906 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $47,801 | $51,343 | $51,335 |
| Total liabilities | $0 | $1,572 | $375 |
| Net assets or fund balances | $47,801 | $49,771 | $50,960 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 | No |
| 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: | 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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $0 |
| Subtotal | $216,787 |
| Gifts, grants, contributions, and membership fees received | $216,787 |
| 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 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $217,011 |
| Public support | $216,787 |
| Subtotal | $228 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $228 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ussa Investment Fund | PO BOX 100, Park City, UT 84060-0100 | UT | 2007-01 | $3,239,980 |
| 2 | Rio Grande Valley Youth Hockey Association Inc | 5111 N 10th St Pmb 272, Mcallen, TX 78504 | TX | 2008-05 | $70,609 |
| 3 | Mccall Figure Skating Club | Po Box 808, Mccall, ID 83638 | ID | 2009-02 | $46,665 |
| 4 | Washington County Sports Foundation | 580 Security Rd, Hagerstown, MD 21740-4139 | MD | 1997-02 | $313,801 |
| 5 | Southern Maryland Sabres Hockey Club Inc | Po Box 6350, Waldorf, MD 20603 | MD | 2012-08 | $297,344 |
| 6 | Dc Edge Adult Synchronized Skating Teams, Dc Edge | PO BOX 34504, Bethesda, MD 20827-0504 | MD | 2010-01 | $291,976 |
| 7 | Frederick Junior Hockey & College Development | 308 Cone Branch Dr, Middletown, MD 21769-7856 | MD | 2014-09 | $222,495 |
| 8 | Vikings Hockey Club Inc | 8202 Stone Trail Drive, Bethesda, MD 20817 | MD | 2010-12 | $58,831 |
| 9 | Maryland Student Hockey League Inc, Mshl | 9720 Beman Woods Way, Potomac, MD 20854-5457 | MD | 2012-04 | $49,072 |
| 10 | Scholastic Education Inc, Leading Edge Short Track Club | 14331 Cartwright Way, North Potomac, MD 20878-4810 | MD | 2005-02 | $5,836 |
| 11 | American Special Hockey Association | 1726 Leisure Way, Crofton, MD 21114 | MD | 2007-03 | $0 |
| 12 | Bethesda-Chevy Chase High School Ice Hockey Club Inc | 4505 Cumberland Ave, Chevy Chase, MD 20815-5459 | MD | 2014-11 | $0 |
| 13 | Black Ski Youth Inc | 5625 Allentown Rd Ste 107, Suitland, MD 20746 | MD | 2003-11 | $0 |
| 14 | District Of Columbia High School Hockey Club Inc | 4000 Maryland Avenue, Bethesda, MD 20816 | MD | 2014-09 | $0 |
| 15 | Garrett County Snowdrifters Inc | PO BOX 159, Mc Henry, MD 21541 | MD | 2011-10 | $0 |
| 16 | Georgetown Hockey Booster Club | 10716 Tuckahoe Way, North Potomac, MD 20878 | MD | 2007-02 | $0 |
| 17 | Ishorttrack | 7811 Fox Gate Ct, Bethesda, MD 20817 | MD | 2012-06 | $0 |
| 18 | Kentland Boxing Association | 209 Post Oak Court, Landover, MD 20785 | MD | 2011-11 | $0 |
| 19 | Linganore High Hockey Club Inc | 10665 Finn Dr, New Market, MD 21774-6241 | MD | 1997-10 | $0 |
| 20 | Long Reach High School Ice Hockey Club Inc | 6420 Tree Top Circle, Columbia, MD 21045 | MD | 2002-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,920 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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