Omena-Traverse Yacht Club Inc in Omena, Michigan (MI)
Table of contents:
Omena-Traverse Yacht Club Inc | |
Employer Identification Number (EIN) | 381641213 |
Name of Organization | Omena-Traverse Yacht Club Inc |
In Care of Name | Bill Kron |
Address | Po Box 103, Omena, MI 49674 |
Website | http://www.otyc.net |
Activities | Other recreational activities, Other social activities, Other sports or athletic activities |
Subsection | Pleasure, Recreational, or Social Club |
Ruling Date | 10/1950 |
Deductibility | Contributions are not deductible |
Foundation | All organizations except 501(c)(3) |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 2011 |
Assets | $100,000 to $499,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $139,172 |
Amount of Income | $68,855 |
Form 990 Revenue Amount | $62,138 |
Non-representatives - add comments:
Revenue for 2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
2012 | 2013 | |
---|---|---|
Total revenue | $77,501 | $62,138 |
Contributions, gifts, grants, and similar amounts received | $0 | $0 |
Program service revenue including government fees and contracts | $28,864 | $14,276 |
Membership dues and assessments | $48,628 | $47,502 |
Investment income | $9 | $2 |
Gain/Loss from sale of assets other than inventory | $0 | $0 |
Net income/loss from gaming and fundraising events | $0 | $0 |
Gross profit/loss from sales of inventory | $0 | $358 |
Gross sales of inventory, less returns and allowances | $0 | $7,075 |
Less: cost of goods sold | $0 | $6,717 |
Other revenue | $0 | $0 |
Total expenses | $48,813 | $49,657 |
Total net assets | $125,447 | $137,928 |
Excess/Deficit for the year | $28,688 | $12,481 |
Net assets or fund balances at beginning of year | $96,759 | $125,447 |
Other changes in net assets or fund balances | $0 | $0 |
Net assets or fund balances at end of year | $125,447 | $137,928 |
Balance Sheets | ||
2012 | 2013 | |
---|---|---|
Total assets | $125,474 | $139,172 |
Total liabilities | $27 | $1,244 |
Net assets or fund balances | $125,447 | $137,928 |
Other Information | ||
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 |
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 | $4,145 |
Gross receipts for public use of club facilities | $0 | $1,500 |
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: | Not provided |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
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