Friends Of New Troy in New Troy, Michigan (MI)
Table of contents:
| Friends Of New Troy | |
| Employer Identification Number (EIN) | 203885998 |
| Name of Organization | Friends Of New Troy |
| In Care of Name | Terry Hanover |
| Address | PO BOX 125, New Troy, MI 49119-0125 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2007 |
| 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 | 09/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $110,743 |
| Amount of Income | $32,463 |
| Form 990 Revenue Amount | $30,462 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Physical Fitness and Community Recreational Facilities |
Non-representatives - add comments:
Amount of income in 2014: $32,463 (it was $29,343 in 2013)
| This organization: | $32,463 |
| Other organizations performing similar types of work: | $75,203 |
Assets in 2014: $110,743 (it was $107,826 in 2013)
| This organization: | $110,743 |
| Other organizations performing similar types of work: | $56,156 |
Expenses in 2013: $21,442
| This organization: | $21,442 |
| Other organizations performing similar types of work: | $63,875 |
Income to expenses ratio in 2013: 1.5
| Friends Of New Troy: | 1.5 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 17.4%
| This organization: | 17.4% |
| Other organizations performing similar types of work: | 10.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $29,976 | $33,795 | $29,343 |
| Contributions, gifts, grants, and similar amounts received | $10,510 | $4,940 | $5,120 |
| Program service revenue including government fees and contracts | $9,225 | $15,750 | $8,525 |
| Membership dues and assessments | $220 | $1,100 | $1,570 |
| Investment income | $11 | $8 | $5 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $8,837 | $10,999 | $12,409 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $9,982 | $11,220 | $14,441 |
| Less: direct expenses from gaming and fundraising events | $1,145 | $221 | $2,032 |
| Gross profit/loss from sales of inventory | $1,041 | $589 | $1,714 |
| Gross sales of inventory, less returns and allowances | $1,218 | $697 | $1,714 |
| Less: cost of goods sold | $177 | $108 | $0 |
| Other revenue | $132 | $409 | $0 |
| Total expenses | $23,809 | $23,633 | $21,442 |
| Total net assets | $21,709 | $31,871 | $39,772 |
| Excess/Deficit for the year | $6,167 | $10,162 | $7,901 |
| Net assets or fund balances at beginning of year | $15,542 | $21,709 | $31,871 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $31,871 | $39,772 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $105,848 | $106,814 | $107,826 |
| Total liabilities | $84,139 | $74,943 | $68,054 |
| Net assets or fund balances | $21,709 | $31,871 | $39,772 |
| 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? | Yes | Yes | |
| 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 | $156,154 |
| Subtotal | $156,154 |
| Gifts, grants, contributions, and membership fees received | $35,214 |
| 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 | $120,940 |
| 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 | $156,237 |
| Public support | $156,154 |
| Subtotal | $83 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $83 |
| 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 | Triangle Aquatic Center | 275 Convention Dr, Cary, NC 27511-4257 | NC | 2002-10 | $3,510,557 |
| 2 | Friends Ofrutherford Pool | 1206 Pearl Street, Ypsilanti, MI 48197 | MI | 2011-09 | $494,477 |
| 3 | Mulligans Hollow Ski Bowl Association | 600 Mulligans Dr, Grand Haven, MI 49417 | MI | 2009-12 | $353,144 |
| 4 | Macomb Health And Fitness Foundation | 59 N Walnut St Ste 206, Mount Clemens, MI 48043-5652 | MI | 2011-03 | $209,755 |
| 5 | Boyne Country Community Center Inc | Po Box 323, Boyne City, MI 49712 | MI | 2010-02 | $72,038 |
| 6 | Jordan Valley Trails Council | PO BOX 1238, East Jordan, MI 49727-1238 | MI | 2014-06 | $64,318 |
| 7 | Camp Frances Educational Recreation Recreational Center Inc | 111 E Lawrence, Charlotte, MI 48813-1573 | MI | 2011-09 | $2,958 |
| 8 | Friend Of Jesus Ministry | Po Box 981156, Ypsilanti, MI 48198 | MI | 2007-02 | $1,100 |
| 9 | Ada-Cascade Community Soccer Association | 6119 28th St Se Ste 2e, Grand Rapids, MI 49546 | MI | 1999-04 | $0 |
| 10 | Alpena Recreation Foundation | 701 Woodward Ave, Alpena, MI 49707-7822 | MI | 2001-05 | $0 |
| 11 | Back Road Brigade Running Club | 11767 Golf View, Pewamo, MI 48873 | MI | 2014-07 | $0 |
| 12 | Bodyworks Fitness For Kids | 18980 Cherrylawn St, Detroit, MI 48221-2048 | MI | 2005-03 | $0 |
| 13 | Breckenridge Little League Assn Inc | Po Box 307, Breckenridge, MI 48615 | MI | 2014-07 | $0 |
| 14 | Cadillac Community Center Inc | 5481 Burns St, Detroit, MI 48213-2984 | MI | 2001-10 | $0 |
| 15 | Cedar Area Community Foundation | 10255 S Cedar Rd, Cedar, MI 49621 | MI | 2004-06 | $0 |
| 16 | Cedar Springs Area Parks And Recreation Board | 204 E Muskegon, Cedar Springs, MI 49319 | MI | 1996-06 | $0 |
| 17 | Fit 4 Life Of America Inc | 131 E Lansing Rd, Potterville, MI 48876 | MI | 2003-03 | $0 |
| 18 | Fitness Biz | Po Box 37243, Oak Park, MI 48237 | MI | 2009-12 | $0 |
| 19 | Frankenmuth Youth Sports Association Inc | 524 N Main St, Frankenmuth, MI 48734 | MI | 2001-01 | $0 |
| 20 | Friends Of Henne Field | 199 West Michigan Avenue, Saline, MI 48176 | MI | 2008-05 | $0 |
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