Med-City Aquatics Inc in Rochester, Minnesota (MN)
Table of contents:
| Med-City Aquatics Inc | |
| Employer Identification Number (EIN) | 411981571 |
| Name of Organization | Med-City Aquatics Inc |
| Address | PO BOX 6032, Rochester, MN 55903-6032 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2003 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $205,812 |
| Amount of Income | $439,259 |
| Form 990 Revenue Amount | $429,483 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2013: $439,259 (it was $363,046 in 2012)
| This organization: | $439,259 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2013: $205,812 (it was $140,902 in 2012)
| This organization: | $205,812 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2012: $319,112
| This organization: | $319,112 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2012: 1.4
| Med-City Aquatics Inc: | 1.4 |
| Other organizations performing similar types of work: | 0.9 |
Number of employees in 2012: 46
| Med-City Aquatics Inc: | 46 |
| Other organizations performing similar types of work: | 5 |
Grants share in income in 2012: 0.6%
| This organization: | 0.6% |
| Other organizations performing similar types of work: | 78.3% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $355,814 |
| Contributions, Gifts, Grants and Other Similar Amounts | $2,188 |
| Program Service Revenue | $353,134 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $26 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $466 |
| Gross sales of inventory, less returns and allowances | $7,698 |
| Less: cost of goods sold | $7,232 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $319,112 |
| Compensation of current officers, directors, trustees, and key employees | $3,600 |
| Other salaries and wages | $124,101 |
| Payroll taxes | $9,937 |
| Professional fundraising services | $0 |
| Other | $181,474 |
| Balance Sheet (for 2012) | |
| Total assets | $140,902 |
| Total liabilities | $0 |
| Total net assets or fund balances | $140,902 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $1,308,739 |
| Gifts, grants, contributions, and membership fees received | $17,571 |
| 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 | $1,288,738 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $2,430 |
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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 | Rivers Of Recovery Inc | PO BOX 22326, Eagan, MN 55122-0326 | MN | 2008-06 | $584,918 |
| 3 | South Metro Storm Swim Club | 6738 16th Ave S, Richfield, MN 55423-2726 | MN | 2000-01 | $429,978 |
| 4 | St Croix Swim Club | 14685 28th St N, Stillwater, MN 55082-1556 | MN | 2001-03 | $322,778 |
| 5 | Twin Cities Youth Rowing Club | 5250 W 74th Street Bay 18, Edina, MN 55439 | MN | 2008-05 | $311,788 |
| 6 | The Twin Cities River Rats | PO BOX 582163, Minneapolis, MN 55458-2163 | MN | 2002-04 | $91,688 |
| 7 | Red Dragon Swimming Inc | 929 32nd St S, Moorhead, MN 56560-6825 | MN | 2014-12 | $79,429 |
| 8 | Trophy Lake Estates Three Water Sports Corporation | 35808 Patriot Ave, Center City, MN 55012-5004 | MN | 2014-06 | $44,700 |
| 9 | Tsunami Swim Team | 2425 County Road C2 W Apt 319, Roseville, MN 55113-1063 | MN | 2005-09 | $42,584 |
| 10 | Clownfish Swim Club | Suite 102, Edina, MN 55435 | MN | 2010-11 | $19,743 |
| 11 | Youth Sailing Resources | 222 Curtice Street West, West St Paul, MN 55118 | MN | 2010-12 | $15,585 |
| 12 | Arrowhead Fly Fishers | 4331 Luverne St, Duluth, MN 55804 | MN | 2008-07 | $0 |
| 13 | Bald Eagle Water Ski Shows Inc | 11034 Irish Avenue N, Grant, MN 55082 | MN | 2006-07 | $0 |
| 14 | Bemidji Area Super Swimmers Inc | Po Box 3087, Bemidji, MN 56619 | MN | 2001-07 | $0 |
| 15 | Brainerd Ski Loons Water Ski Show Team Inc | 4784 Gull Lame Dam Rd, Brainerd, MN 56401 | MN | 2015-04 | $0 |
| 16 | Carlson Swim School Inc | 14471 Enclave Ct Nw, Prior Lake, MN 55372 | MN | 2009-02 | $0 |
| 17 | Crookston Aquatics Boosters Inc | Po Box 359, Crookston, MN 56716 | MN | 2013-03 | $0 |
| 18 | Lakes Area Dive Team Inc | Po Box 908, Walker, MN 56484 | MN | 2014-03 | $0 |
| 19 | Legacy Hunting & Fishing Retreat | Po Box 521, Rogers, MN 55374 | MN | 2013-05 | $0 |
| 20 | Minnesota Rowing Foundation | 5055 28th Avenue South, Minneapolis, MN 55417 | MN | 2006-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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