Southport Junior Yacht Club Sailing Foundation in Southport, Maine (ME)
Table of contents:
| Southport Junior Yacht Club Sailing Foundation | |
| Employer Identification Number (EIN) | 010513496 |
| Name of Organization | Southport Junior Yacht Club Sailing Foundation |
| In Care of Name | Jon Smith |
| Address | PO BOX 68, Southport, ME 04576-0068 |
| Activities | Described in section 509(a)(2) of the Code, Other school related activities |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 02/1998 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $370,589 |
| Amount of Income | $182,106 |
| Form 990 Revenue Amount | $154,123 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Recreational, Pleasure, or Social Club |
Non-representatives - add comments:
Amount of income in 2013: $182,106 (it was $277,715 in 2012)
| Southport Junior Yacht Club Sailing Foundation: | $182,106 |
| Other organizations performing similar types of work: | $62,479 |
Assets in 2013: $370,589 (it was $340,110 in 2012)
| This organization: | $370,589 |
| Other organizations performing similar types of work: | $41,400 |
Expenses in 2013: $123,644
| Southport Junior Yacht Club Sailing Foundation: | $123,644 |
| Other organizations performing similar types of work: | $49,751 |
Income to expenses ratio in 2013: 1.5
| Southport Junior Yacht Club Sailing Foundation: | 1.5 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 25.7%
| This organization: | 25.7% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $105,753 | $154,123 | |
| Contributions, gifts, grants, and similar amounts received | $22,292 | $39,589 | |
| Program service revenue including government fees and contracts | $81,146 | $112,976 | |
| Membership dues and assessments | $0 | $0 | |
| Investment income | $615 | $480 | |
| Gain/Loss from sale of assets other than inventory | $84 | $-3,300 | |
| Gross amount from sale of assets other than inventory | $2,113 | $13,000 | |
| Less: cost or other basis and sales expenses | $2,029 | $16,300 | |
| Net income/loss from gaming and fundraising events | $1,616 | $4,196 | $4,378 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $9,082 | $16,061 | |
| Less: direct expenses from gaming and fundraising events | $7,466 | $11,683 | |
| Gross profit/loss from sales of inventory | $0 | $0 | |
| Other revenue | $0 | $0 | |
| Total expenses | $110,217 | $123,644 | |
| Total net assets | $192,490 | $370,589 | |
| Excess/Deficit for the year | $-4,464 | $30,479 | |
| Net assets or fund balances at beginning of year | $196,954 | $340,110 | |
| Other changes in net assets or fund balances | $0 | $0 | |
| Net assets or fund balances at end of year | $370,589 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $192,490 | $340,110 | $370,589 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $192,490 | $370,589 | |
| Other Information | |||
| 2011 | 2012 | 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 | 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 | ||
| 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 | $0 | |
| Gross receipts for public use of club facilities | $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 | ||
| 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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $173,671 |
| Subtotal Support | $230,437 |
| Gifts, grants, contributions, and membership fees received | $230,437 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $56,766 |
| Total Support | $232,926 |
| Public Support | $230,437 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,489 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $519,304 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Treasure Island Tennis & Yacht Club | 400 Treasure Island Cswy, Treasure Is, FL 33706-1131 | FL | 2007-10 | $3,103,974 |
| 2 | Tau Kappa Epsilon Fraternity Inc, 298 Iota Zeta Colony | 747 Comstock Ave, Syracuse, NY 13210-2820 | NY | 2004-02 | $249,224 |
| 3 | Scarborough Fish & Game Association Inc | PO BOX 952, Scarborough, ME 04070-0952 | ME | 2002-09 | $468,778 |
| 4 | Seal Harbor Yacht Club Inc | 29 Steamboat Wharf Rd, Seal Harbor, ME 04675 | ME | 2001-08 | $195,767 |
| 5 | Winter Harbor Yacht Club | PO BOX 2, Winter Harbor, ME 04693-0002 | ME | 2009-06 | $194,271 |
| 6 | Southport Junior Yacht Club Sailing Foundation | PO BOX 68, Southport, ME 04576-0068 | ME | 1998-02 | $182,106 |
| 7 | Phi Eta Kappa | 107 College Ave, Orono, ME 04473-4211 | ME | 2010-04 | $134,978 |
| 8 | Coburn Summit Riders | 42 Brians Way, Norridgewock, ME 04957 | ME | 2009-04 | $98,924 |
| 9 | Friends Lodge | 52 Lisbon St, Lisbon, ME 04250-6017 | ME | 2010-10 | $48,723 |
| 10 | Narraguagus Snowmobile Club | Po Box 86, Milbridge, ME 04658-0086 | ME | 2009-07 | $47,702 |
| 11 | Moose Alley Riders | Pobox387, Bingham, ME 04920-0387 | ME | 2004-06 | $20,559 |
| 12 | Spurwink Rod & Gun Club | PO BOX 667, Scarborough, ME 04070-0667 | ME | 2014-08 | $18,970 |
| 13 | Maine Sports Foundation | 15 Casco Street, Portland, ME 04101 | ME | 2013-06 | $10,000 |
| 14 | Torch Club Of Maine | 2367 Congress St, Portland, ME 04102-1965 | ME | 2014-08 | $9,058 |
| 15 | Acadia Area Atvers | Po Box 1676, Ellsworth, ME 04605 | ME | 2012-06 | $0 |
| 16 | Androscoggin Yacht Club | Po Box 241, Wayne, ME 04284 | ME | 2014-07 | $0 |
| 17 | Bear Paw Of Brighton Inc | 383 Main St, Westbrook, ME 04092-4314 | ME | 2004-08 | $0 |
| 18 | Black Mountain Atv Club | 81 Hebron Road, Buckfield, ME 04220 | ME | 2002-05 | $0 |
| 19 | Bmw Riders Of Southern Maine | Po Box 206, Brunswick, ME 04011 | ME | 2011-09 | $0 |
| 20 | Cabadetis Boat Club | PO BOX 185, Round Pond, ME 04564-0185 | ME | 2004-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 11,322 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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