Seafarers Yacht Club Foundation Inc in Annapolis, Maryland (MD)
Table of contents:
Seafarers Yacht Club Foundation Inc | |
Employer Identification Number (EIN) | 320225862 |
Name of Organization | Seafarers Yacht Club Foundation Inc |
In Care of Name | EDWARD W MORRIS JR |
Address | 301 Chester Ave, Annapolis, MD 21403 |
Subsection | Charitable Organization, Educational Organization |
Ruling Date | 02/2009 |
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 | 2008 |
Assets | $1 to $9,999 |
Income | $10,000 to $24,999 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $8,016 |
Amount of Income | $10,650 |
Form 990 Revenue Amount | $10,650 |
National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2008: $10,650 (it was $10,650 in 2013)
Seafarers Yacht Club Foundation Inc: | $10,650 |
Other organizations performing similar types of work: | $81,788 |
Assets in 2008: $8,016 (it was $8,016 in 2013)
Seafarers Yacht Club Foundation Inc: | $8,016 |
Other organizations performing similar types of work: | $33,448 |
Expenses in 2013: $8,352
This organization: | $8,352 |
Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2013: 1.3
This organization: | 1.3 |
Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 100.0%
Seafarers Yacht Club Foundation Inc: | 100.0% |
Other organizations performing similar types of work: | 78.3% |
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
2013 | |
---|---|
Total revenue | $10,650 |
Contributions, gifts, grants, and similar amounts received | $10,650 |
Program service revenue including government fees and contracts | $0 |
Membership dues and assessments | $0 |
Investment income | $0 |
Gain/Loss from sale of assets other than inventory | $0 |
Net income/loss from gaming and fundraising events | $0 |
Gross profit/loss from sales of inventory | $0 |
Other revenue | $0 |
Total expenses | $8,352 |
Total net assets | $8,016 |
Excess/Deficit for the year | $2,298 |
Net assets or fund balances at beginning of year | $5,718 |
Other changes in net assets or fund balances | $0 |
Net assets or fund balances at end of year | $8,016 |
Balance Sheets | |
2013 | |
---|---|
Total assets | $8,016 |
Total liabilities | $0 |
Net assets or fund balances | $8,016 |
Other Information | |
2013 | |
---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No |
Were any significant changes made to the organizing or governing documents? | No |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
Has the organization filed a Form 990-T for the year? | No |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
Amount of political expenditures, direct or indirect | $0 |
Did the organization file Form 1120-POL for this year? | 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 |
Total amount involved | $0 |
Initiation fees and capital contributions | $0 |
Gross receipts for public use of club facilities | $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 |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 | $10,650 |
Subtotal | $10,650 |
Gifts, grants, contributions, and membership fees received | $10,650 |
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 | $10,650 |
Public support | $10,650 |
Subtotal | $0 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
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 | University Swim Club | Po Box 10442, Knoxville, TN 37939-0442 | TN | 2007-02 | $43,203 |
2 | Hoco Aquatics | 9728 Harbin Ct, Ellicott City, MD 21042-2368 | MD | 2012-06 | $223,595 |
3 | Baltimore County Sailing Center Incorporated | Po Box 34134, Essex, MD 21221 | MD | 2007-09 | $177,243 |
4 | Churchill Crew Inc | PO BOX 59907, Potomac, MD 20859-9907 | MD | 2011-10 | $137,198 |
5 | Terror Swimming Incorporated | 2 College Hl, Westminster, MD 21157-4303 | MD | 2006-01 | $136,689 |
6 | Carroll Aquatics | 40 Fitzhugh Ave, Westminster, MD 21157-4408 | MD | 2009-08 | $130,882 |
7 | Ulmstead Swim Club Inc | PO BOX 15, Arnold, MD 21012-0015 | MD | 2003-01 | $123,254 |
8 | West Hillandale Swim Club Inc | 914 Crest Park Dr, Silver Spring, MD 20903-1307 | MD | 2002-07 | $85,210 |
9 | Miles River Yacht Club Foundation Inc, Mryc Foundation | 606a N Talbot St Ste 115, Saint Michaels, MD 21663-2110 | MD | 2010-08 | $81,410 |
10 | Baltimore Dragon Boat Club Inc | 1209 Brandy Springs Road, Parkton, MD 21120-9748 | MD | 2013-11 | $54,806 |
11 | Strathmore Bel Pre Swim Team Association | 14001 Blazer Ln, Silver Spring, MD 20906-2339 | MD | 2009-03 | $33,957 |
12 | White Rocks Yacht Club Inc | 7 Ken Mar Ave, Pasadena, MD 21122-4017 | MD | 2014-10 | $15,259 |
13 | Seafarers Yacht Club Foundation Inc | 301 Chester Ave, Annapolis, MD 21403 | MD | 2009-02 | $10,650 |
14 | Anne Arundel Amphibians | 129 Jackpine Drive, Pasadena, MD 21122 | MD | 2012-08 | $6,879 |
15 | Annapolis Irish Rowing Club Inc | 1620 Lottie Fowler Rd, Prnc Frederck, MD 20678-4545 | MD | 2009-01 | $2,700 |
16 | Annapolis Match Race Center Inc | Po Box 5241, Annapolis, MD 21403 | MD | 2012-05 | $0 |
17 | Aqua Culture Swim Team Inc | 22 Newport Drive, Forest Hill, MD 21050 | MD | 2014-11 | $0 |
18 | Baltimore Area Boardsailing Association Inc | 1084 Poplar Tree Dr, Annapolis, MD 21409 | MD | 2006-10 | $0 |
19 | Chesapeake Paddlers Association Inc | Po Box 341, Greenbelt, MD 20768-0341 | MD | 2008-01 | $0 |
20 | Club Beneteau Chesapeake Bay Ltd | 1783 Forest Drive 296, Annapolis, MD 21401 | MD | 2003-06 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 2,651 |
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