Cornelius Lake Norman Youth Athletic Association in Cornelius, North Carolina (NC)
Table of contents:
| Cornelius Lake Norman Youth Athletic Association | |
| Employer Identification Number (EIN) | 561335972 |
| Name of Organization | Cornelius Lake Norman Youth Athletic Association |
| Address | PO BOX 771, Cornelius, NC 28031-0771 |
| Activities | Described in section 509(a)(2) of the Code, Boys Club, Little League, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 11/1996 |
| 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 | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $6,029 |
| Amount of Income | $113,715 |
| Form 990 Revenue Amount | $113,715 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Graduate, Professional Schools (Separate Entities) |
Non-representatives - add comments:
Amount of income in 2013: $113,715 (it was $83,649 in 2012)
| Cornelius Lake Norman Youth Athletic Association: | $113,715 |
| Other organizations performing similar types of work: | $34,257,295 |
Assets in 2013: $6,029 (it was $2,227 in 2012)
| This organization: | $6,029 |
| Other organizations performing similar types of work: | $64,480,162 |
Expenses in 2013: $109,913
| This organization: | $109,913 |
| Other organizations performing similar types of work: | $24,968,416 |
Income to expenses ratio in 2013: 1.0
| Cornelius Lake Norman Youth Athletic Association: | 1.0 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 14.1%
| Cornelius Lake Norman Youth Athletic Association: | 14.1% |
| Other organizations performing similar types of work: | 10.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $51,560 | $63,933 | $83,649 | $113,715 |
| Contributions, gifts, grants, and similar amounts received | $3,102 | $6,122 | $20,610 | $16,061 |
| Program service revenue including government fees and contracts | $48,452 | $57,811 | $63,039 | $97,654 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $6 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $53,684 | $81,185 | $84,845 | $109,913 |
| Total net assets | $20,675 | $3,423 | $2,227 | $6,029 |
| Excess/Deficit for the year | $-2,124 | $-17,252 | $-1,196 | $3,802 |
| Net assets or fund balances at beginning of year | $22,799 | $20,675 | $3,423 | $2,227 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $3,423 | $2,227 | $6,029 | |
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $20,675 | $3,423 | $2,227 | $6,029 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $20,675 | $3,423 | $2,227 | $6,029 |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 | $391,616 |
| Subtotal | $391,616 |
| Gifts, grants, contributions, and membership fees received | $47,806 |
| 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 | $308,810 |
| 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 | $35,000 |
| 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 | $391,659 |
| Public support | $391,616 |
| Subtotal | $25 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $25 |
| 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 | $18 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | President And Fellows Of Harvard College, Harvard Voicelab | Dudley House Lehman Third Floor Harvard University, Cambridge, MA 02138 | MA | 1967-12 | $83,181,439,574 |
| 2 | Icahn School Of Medicine At Mount Sinai | PO BOX 28980, New York, NY 10087-8980 | NY | 1964-02 | $1,650,143,474 |
| 3 | Baylor College Of Medicine | One Baylor Plaza - Ms Bcm 204, Houston, TX 77030-3411 | TX | 1969-01 | $1,481,030,697 |
| 4 | Midwestern University, Kappa Psi Delta Sigma | 19555 N 59th Avenue, Glendale, AZ 85308 | AZ | 1996-09 | $661,268,091 |
| 5 | Thomas Jefferson University | 1020 Walnut St Rm 537, Philadelphia, PA 19107-5543 | PA | 1996-01 | $466,277,819 |
| 6 | New York Medical College | Administration Building, Valhalla, NY 10595 | NY | 1940-08 | $366,170,364 |
| 7 | Rhode Island School Of Design, Full-Time Faculty Association | 2 College St, Providence, RI 02903 | RI | 1934-05 | $360,700,230 |
| 8 | Bar Ilan University In Israel | 160 E 56th St Fl 5, New York, NY 10022-3609 | NY | 1965-09 | $348,299,011 |
| 9 | Bentley University | 175 Fprest Street, Waltham, MA 02452 | MA | 1950-03 | $288,242,323 |
| 10 | Mcphs University | 179 Longwood Ave, Boston, MA 02115-5804 | MA | 1934-11 | $271,860,645 |
| 11 | Western University Of Health Sciences | 309 E 2nd St, Pomona, CA 91766-1854 | CA | 1976-05 | $256,557,612 |
| 12 | Southern New Hampshire University | 2500 N River Rd, Manchester, NH 03106-1018 | NH | 1968-08 | $255,148,794 |
| 13 | Regent University | 1000 Regent University Drive, Virginia Beach, VA 23464 | VA | 1978-08 | $194,201,655 |
| 14 | Celo Health Education Corporation | 116 Seven Mile Ridge Rd, Burnsville, NC 28714-8509 | NC | 1949-08 | $1,459,635 |
| 15 | The Commonwealth Medical College | 525 Pine St, Scranton, PA 18509-3240 | PA | 2007-12 | $34,257,295 |
| 16 | Semmes-Murphey Foundation | 6325 Humphreys Blvd, Memphis, TN 38120-2300 | TN | 2010-07 | $916,657 |
| 17 | Wyoming State Bar Foundation | PO BOX 109, Cheyenne, WY 82003-0109 | WY | 1982-05 | $144,184 |
| 18 | Cornelius Lake Norman Youth Athletic Association | PO BOX 771, Cornelius, NC 28031-0771 | NC | 1996-11 | $113,715 |
| 19 | Houston Institute Of Biblical Development, Hibd | 5815 Airline Dr, Houston, TX 77076-4922 | TX | 2007-08 | $0 |
| 20 | School Of Communication Information And Library Studies, School Of Communication And Information Alumni Association | 4 Huntington Street, New Brunswick, NJ 08901 | NJ | 2000-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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