Ocean City-Berlin Optimist Youth Foundation Inc in Ocean City, Maryland (MD)
Table of contents:
| Ocean City-Berlin Optimist Youth Foundation Inc | |
| Employer Identification Number (EIN) | 521806103 |
| Name of Organization | Ocean City-Berlin Optimist Youth Foundation Inc |
| Address | PO BOX 26, Ocean City, MD 21843-0026 |
| Activities | Achievement pries of awards, Scholarships (other), Fundraising |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 05/1998 |
| 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 | 09/2014 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $7,235 |
| Amount of Income | $123,057 |
| Form 990 Revenue Amount | $41,947 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2014: $123,057 (it was $142,945 in 2013)
| This organization: | $123,057 |
| Other organizations performing similar types of work: | $124,396 |
Assets in 2014: $7,235 (it was $3,114 in 2013)
| Ocean City-Berlin Optimist Youth Foundation Inc: | $7,235 |
| Other organizations performing similar types of work: | $313,863 |
Expenses in 2013: $31,000
| Ocean City-Berlin Optimist Youth Foundation Inc: | $31,000 |
| Other organizations performing similar types of work: | $64,100 |
Income to expenses ratio in 2013: 4.0
| This organization: | 4.0 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2013: 16.0%
| This organization: | 16.0% |
| Other organizations performing similar types of work: | 0.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $31,263 | $26,482 | $26,924 |
| Contributions, gifts, grants, and similar amounts received | $2,435 | $7,420 | $4,295 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $28,772 | $19,033 | $22,600 |
| Gross income from gaming | $119,985 | $121,150 | $123,048 |
| Gross income from fundraising events | $27,899 | $13,244 | $15,573 |
| Less: direct expenses from gaming and fundraising events | $119,112 | $115,361 | $116,021 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $56 | $29 | $29 |
| Total expenses | $25,000 | $37,000 | $31,000 |
| Total net assets | $27,436 | $7,190 | $3,114 |
| Excess/Deficit for the year | $6,263 | $-10,518 | $-4,076 |
| Net assets or fund balances at beginning of year | $22,445 | $27,436 | $7,190 |
| Other changes in net assets or fund balances | $-1,272 | $-9,728 | $0 |
| Net assets or fund balances at end of year | $7,190 | $3,114 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $30,436 | $7,190 | $3,114 |
| Total liabilities | $3,000 | $0 | $0 |
| Net assets or fund balances | $27,436 | $7,190 | $3,114 |
| 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 | $723,334 |
| Subtotal | $723,334 |
| Gifts, grants, contributions, and membership fees received | $24,300 |
| 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 | $699,034 |
| 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 | $723,589 |
| Public support | $723,334 |
| Subtotal | $255 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $255 |
| 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 | Tony Patino Fellowship Trust 783352 | PO BOX 1297, New York, NY 10008-1297 | NY | 1997-10 | $1,573,984 |
| 2 | Friends Of Barker Inc | 7979 Old Georgetown Road, Bethesda, MD 20814-2429 | MD | 1996-10 | $2,515,884 |
| 3 | Penn-Mar Foundation | 310 Old Freeland Rd, Freeland, MD 21053-9676 | MD | 1997-12 | $1,003,920 |
| 4 | Rotary Of Annapolis Foundation Inc | PO BOX 3175, Annapolis, MD 21403-0175 | MD | 1996-03 | $132,282 |
| 5 | The Trinity United Church Of Christ Of Takoma Park Maryland Charitable, Kozikowski June Et Al Ttees | 7 Lamar Ln, Middletown, MD 21769-7886 | MD | 1995-06 | $90,501 |
| 6 | Southern Maryland Higher Education Center Foundation Inc, Eugene E Pitrof | 44219 Airport Rd, California, MD 20619-2010 | MD | 1995-10 | $450 |
| 7 | Alec Charles Grodnitzky Scholarship Foundation Inc | 3448 Ellicott Center Dr Suite 101, Ellicott City, MD 21043 | MD | 1996-03 | $0 |
| 8 | Fitr Corporation | 9004 Wallace Rd, Lanham, MD 20706-4212 | MD | 1992-09 | $0 |
| 9 | Friends Of Libraries For Blind & Phys Hndcpd Indls In N America Inc | 1800 Johnson Street, Baltimore, MD 21230 | MD | 1992-03 | $0 |
| 10 | Friends Of The Bowie Health Center Inc | 15001 Health Center Dr, Bowie, MD 20716-1017 | MD | 1996-06 | $0 |
| 11 | Harford County Chamber Of Commence Education Foundation Inc, Na Na | 108 South Bond Street, Bel Air, MD 21014 | MD | 1997-12 | $0 |
| 12 | International Association Of Lions Clubs, International Association Of Lions Clubs Severn River Lions Foundation | Po Box 118, Severna Park, MD 21146 | MD | 1940-12 | $0 |
| 13 | Johns Hopkins Pedriatric Transplant Parents Association | 2804 Tellier Ct, Crofton, MD 21114-3111 | MD | 1997-10 | $0 |
| 14 | Kiwanis Foundation Of Shady Side Maryland Inc | PO BOX 424, Shady Side, MD 20764-0424 | MD | 1997-01 | $0 |
| 15 | Penny Jar Foundation | 11141 Hurdle Hill Drive, Potomac, MD 20854 | MD | 1992-03 | $0 |
| 16 | Rafael Nieves Heart Foundation For Children | PO BOX 2685, Laurel, MD 20709-2685 | MD | 1998-06 | $0 |
| 17 | Rotary Club Of Friendship Heights Foundation Inc | 4515 Willard Avenue, Chevy Chase, MD 20815 | MD | 1996-11 | $0 |
| 18 | Steven Daniel Jeffreys Foundation Ltd | 10533 Green Mountain Circle, Columbia, MD 21044 | MD | 1990-10 | $0 |
| 19 | The Bay Hundred Education Foundation Inc | 200 Seymour Ave, St Michaels, MD 21663-2932 | MD | 1993-04 | $0 |
| 20 | Unified Inter Industry Coalition Inc | 5106 Branchville Rd, College Park, MD 20740-2256 | MD | 1998-10 | $0 |
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