Lower Mississippi River Foundation Inc in Clarksdale, Mississippi (MS)
Table of contents:
| Lower Mississippi River Foundation Inc | |
| Employer Identification Number (EIN) | 451058661 |
| Name of Organization | Lower Mississippi River Foundation Inc |
| In Care of Name | John Ruskey |
| Address | 291 Sunflower Avenue, Clarksdale, MS 38614 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2012 |
| 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 | 2012 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $71,446 |
| Amount of Income | $156,415 |
| Form 990 Revenue Amount | $156,415 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2012: $156,415 (it was $156,415 in 2013)
| Lower Mississippi River Foundation Inc: | $156,415 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2012: $71,446 (it was $71,446 in 2013)
| Lower Mississippi River Foundation Inc: | $71,446 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2013: $89,459
| This organization: | $89,459 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2013: 1.7
| This organization: | 1.7 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 78.3% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $156,415 |
| Contributions, gifts, grants, and similar amounts received | $156,390 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $25 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $89,459 |
| Total net assets | $71,446 |
| Excess/Deficit for the year | $66,956 |
| Net assets or fund balances at beginning of year | $4,490 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $71,446 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $71,446 |
| Total liabilities | $0 |
| Net assets or fund balances | $71,446 |
| Other Information | |
| 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 |
| Has the organization filed a Form 990-T for the year? | 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 |
| Gross receipts for public use of club facilities | $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 |
| 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 | $176,970 |
| Subtotal Support | $176,970 |
| Gifts, grants, contributions, and membership fees received | $176,970 |
| 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 | $0 |
| Total Support | $176,970 |
| Public Support | $176,970 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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. | $0 |
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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 | Us Swimming Inc, Usa Swimming | 1 Olympic Plaza, Colorado Springs, CO 80909 | CO | 2006-03 | $40,777,941 |
| 3 | Sea Scout Base Galveston | 7509 Broadway St, Galveston, TX 77554-8921 | TX | 2012-02 | $9,959,938 |
| 4 | International Professional Surfing, Triple Crown Of Surfing | 59-063 Hoalua St Apt A, Haleiwa, HI 96712-8721 | HI | 2013-11 | $2,830,586 |
| 5 | Seva Seahawks Booster Club | PO BOX 1781, Yorktown, VA 23692-1781 | VA | 1995-03 | $2,663,053 |
| 6 | Row New York | 1027 46th Ave Ste 101, Long Is City, NY 11101-5202 | NY | 2002-03 | $1,874,869 |
| 7 | Katy Aquatic Team For Youth Inc, Katy Aquatics Summer Team | 5506 First Street Ave, Katy, TX 77493 | TX | 2001-08 | $1,788,163 |
| 8 | New England Science & Sailing Foundation Inc | PO BOX 733, Stonington, CT 06378-0733 | CT | 2004-08 | $1,387,535 |
| 9 | Saratoga Rowing Association Inc | PO BOX 750, Saratoga Spgs, NY 12866-0750 | NY | 2001-06 | $1,240,829 |
| 10 | Sammamish Rowing Association | PO BOX 3309, Redmond, WA 98073-3309 | WA | 1995-10 | $1,074,124 |
| 11 | Sarasota Crew Inc | 343 Palmetto Ave, Osprey, FL 34229-9381 | FL | 2002-08 | $1,072,630 |
| 12 | Quicksilver Swimming | PO BOX 36205, San Jose, CA 95158-6205 | CA | 2013-03 | $1,058,075 |
| 13 | Memphis State Swimming Inc | 6515 Goodman Rd 239, Olive Branch, MS 38654-7333 | MS | 1993-09 | $425,873 |
| 14 | Lower Mississippi River Foundation Inc | 291 Sunflower Avenue, Clarksdale, MS 38614 | MS | 2012-12 | $156,415 |
| 15 | Picayune Piranhaa Aquatic Club | 1116 E Lakeshore Dr, Carriere, MS 39426-7716 | MS | 2002-04 | $20,742 |
| 16 | Hsa Gulf Coast | 553 Mockingbird Drive, Long Beach, MS 39560 | MS | 1996-03 | $600 |
| 17 | Gulf Coast Sailing Foundation | Po Box 600, Gulfport, MS 39501 | MS | 2012-03 | $0 |
| 18 | Martin Swim Club Inc | Po Box 372, Collinsville, MS 39325 | MS | 2001-09 | $0 |
| 19 | Mississippi State Waterski And Wakeboard Club | PO BOX C-8, Starkville, MS 39759 | MS | 2014-09 | $0 |
| 20 | Tallahatchie Aquatics | 1420 County Road 88, New Albany, MS 38652-9710 | MS | 2014-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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