Organization For Competitive Markets in Lincoln, Nebraska (NE)
Table of contents:
| Organization For Competitive Markets | |
| Employer Identification Number (EIN) | 911904212 |
| Name of Organization | Organization For Competitive Markets |
| Address | PO BOX 6486, Lincoln, NE 68506-0486 |
| Subsection | Educational Organization |
| Ruling Date | 12/1999 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $39,073 |
| Amount of Income | $32,662 |
| Form 990 Revenue Amount | $32,519 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Education (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $79,579 | $56,995 | $32,519 |
| Contributions, gifts, grants, and similar amounts received | $53,280 | $34,481 | $12,144 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $20,575 | $17,925 | $16,075 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $100 | $-143 |
| Gross amount from sale of assets other than inventory | $0 | $145 | $0 |
| Less: cost or other basis and sales expenses | $0 | $45 | $143 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $5,724 | $4,489 | $4,443 |
| Total expenses | $127,948 | $48,228 | $23,861 |
| Total net assets | $20,748 | $29,515 | $38,173 |
| Excess/Deficit for the year | $-48,369 | $8,767 | $8,658 |
| Net assets or fund balances at beginning of year | $69,117 | $20,748 | $29,515 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $29,515 | $38,173 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $29,923 | $30,565 | $39,073 |
| Total liabilities | $9,175 | $1,050 | $900 |
| Net assets or fund balances | $20,748 | $29,515 | $38,173 |
| 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 | $392,147 |
| Subtotal | $392,147 |
| Gifts, grants, contributions, and membership fees received | $392,147 |
| 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 | $0 |
| 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 | $418,510 |
| Public support | $392,147 |
| Subtotal | $1,662 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,662 |
| 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 | $24,701 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $98,571 | $0 | $98,571 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $985,711 | $0 | $98,571 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $98,571 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $21,250 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $2,396 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $74,925 |
| Unrelated business taxable income | $0 |
| Unrelated business taxable income before net operating loss deduction | $0 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $0 |
| Specific deduction | $0 |
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| Other organizations in Nebraska | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Nebraska Sports Council | 4903 N 57th St, Lincoln, NE 68507-3102 | NE | 1988-04 | $889,102 |
| 2 | Nebraska State Quilt Guild | 4220 Hickory St, Omaha, NE 68105-2409 | NE | 1986-07 | $128,708 |
| 3 | Nebraska Statewide Arboretum Incorporated | PO BOX 830964, Lincoln, NE 68583 | NE | 1983-08 | $1,002,076 |
| 4 | Nebraskacert Inc | 5058 South 162nd Street, Omaha, NE 68135 | NE | 2002-07 | $0 |
| 5 | Niobrara Valley Hospital Corporation | PO BOX 118, Lynch, NE 68746-0118 | NE | 1975-11 | $2,514,546 |
| 6 | Norfolk Catholic Booster Club A Nonprofit Corporation, C-O Eric Stinson | PO BOX 1264, Norfolk, NE 68702-1264 | NE | 1998-01 | $92,897 |
| 7 | Norfolk Golden Girls Inc | PO BOX 341, Norfolk, NE 68702-0341 | NE | 1982-03 | $56,666 |
| 8 | Omaha Botanical Center Inc, Lauritzen Gardens | 100 Bancroft St, Omaha, NE 68108-1752 | NE | 1989-02 | $17,743,794 |
| 9 | Omaha Theater Company | 2001 Farnam St, Omaha, NE 68102-1216 | NE | 1951-09 | $3,651,699 |
| 10 | Opera/Omaha Inc | 1850 Farnam St, Omaha, NE 68102-1904 | NE | 1960-08 | $3,583,254 |
| 11 | Organization For Competitive Markets | PO BOX 6486, Lincoln, NE 68506-0486 | NE | 1999-12 | $32,662 |
| 12 | Otoe County Agricultural Society | PO BOX 385, Syracuse, NE 68446-0385 | NE | 1996-12 | $434,235 |
| 13 | Paks Developmental Services Inc | PO BOX 419, Ogallala, NE 69153-0419 | NE | 1974-06 | $368,618 |
| 14 | Parkview Christian School | 4400 N 1st St, Lincoln, NE 68521-2410 | NE | 2002-10 | $2,774,303 |
| 15 | Phelps County Historical Society | PO BOX 164, Holdrege, NE 68949-0164 | NE | 1980-02 | $315,071 |
| 16 | Pius X Foundation | 6000 A St, Lincoln, NE 68510-5005 | NE | 1972-01 | $3,626,631 |
| 17 | Platte River Basin Environments Inc | 190498 County Road G, Scottsbluff, NE 69361-5702 | NE | 2002-09 | $931,547 |
| 18 | Prairie Hill Learning Center | 17705 S 12th St, Roca, NE 68430-4169 | NE | 1981-09 | $917,646 |
| 19 | Project Harmony-Haven For Abuse Response Members Serving Our | 11949 Q St, Omaha, NE 68137-3503 | NE | 1995-10 | $4,116,562 |
| 20 | R Joe Dennis Foundation | 1021 Galvin Rd S, Bellevue, NE 68005-3056 | NE | 1990-04 | $1,305 |
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