Minnesota Synchronettes in Wayzata, Minnesota (MN)
Table of contents:
Minnesota Synchronettes | |
Employer Identification Number (EIN) | 030566192 |
Name of Organization | Minnesota Synchronettes |
In Care of Name | Ann Rushfeldt |
Address | PO BOX 966, Wayzata, MN 55391-0966 |
Subsection | Charitable Organization |
Ruling Date | 05/2006 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Association |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 08/2013 |
Assets | $25,000 to $99,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $81,721 |
Amount of Income | $160,539 |
Form 990 Revenue Amount | $146,533 |
National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2013: $160,539 (it was $150,953 in 2012)
Minnesota Synchronettes: | $160,539 |
Other organizations performing similar types of work: | $81,788 |
Assets in 2013: $81,721 (it was $73,051 in 2012)
Minnesota Synchronettes: | $81,721 |
Other organizations performing similar types of work: | $33,448 |
Expenses in 2013: $139,492
This organization: | $139,492 |
Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2013: 1.2
Minnesota Synchronettes: | 1.2 |
Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 0.0%
This organization: | 0.0% |
Other organizations performing similar types of work: | 78.3% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $133,117 | $150,953 | $146,533 |
Contributions, gifts, grants, and similar amounts received | $0 | $13,023 | $0 |
Program service revenue including government fees and contracts | $11,056 | $4,015 | $8,255 |
Membership dues and assessments | $115,863 | $127,683 | $137,291 |
Investment income | $95 | $71 | $65 |
Gain/Loss from sale of assets other than inventory | $4,180 | $4,318 | $0 |
Net income/loss from gaming and fundraising events | $1,923 | $1,843 | $3,118 |
Gross income from gaming | $0 | $0 | $3,118 |
Gross income from fundraising events | $1,923 | $1,843 | $0 |
Less: direct expenses from gaming and fundraising events | $0 | $0 | $0 |
Gross profit/loss from sales of inventory | $0 | $0 | $-2,131 |
Gross sales of inventory, less returns and allowances | $0 | $0 | $11,875 |
Less: cost of goods sold | $0 | $0 | $14,006 |
Other revenue | $0 | $0 | $0 |
Total expenses | $145,613 | $125,396 | $139,492 |
Total net assets | $45,152 | $74,680 | $78,715 |
Excess/Deficit for the year | $-12,497 | $25,557 | $7,041 |
Net assets or fund balances at beginning of year | $56,478 | $47,494 | $68,667 |
Other changes in net assets or fund balances | $1,171 | $1,629 | $3,007 |
Net assets or fund balances at end of year | $74,680 | $84,728 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $46,323 | $73,051 | $81,721 |
Total liabilities | $1,171 | $-1,629 | $3,007 |
Net assets or fund balances | $45,152 | $74,680 | $78,715 |
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? | No | No | |
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 | $642,643 |
Subtotal | $642,643 |
Gifts, grants, contributions, and membership fees received | $630,372 |
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 | $12,271 |
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 | $700,747 |
Public support | $642,643 |
Subtotal | $319 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $319 |
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 | $57,785 |
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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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