Lake Effect Trailbreakers in Sinclairville, New York (NY)
Table of contents:
| Lake Effect Trailbreakers | |
| Employer Identification Number (EIN) | 223837175 |
| Name of Organization | Lake Effect Trailbreakers |
| In Care of Name | Susan Hough |
| Address | PO BOX 842, Sinclairville, NY 14782-0842 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2013 |
| 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 | 03/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $68,021 |
| Amount of Income | $58,269 |
| Form 990 Revenue Amount | $52,583 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Parks and Playgrounds |
Non-representatives - add comments:
Amount of income in 2014: $58,269 (it was $30,132 in 2013)
| Lake Effect Trailbreakers: | $58,269 |
| Other organizations performing similar types of work: | $51,455 |
Assets in 2014: $68,021 (it was $86,091 in 2013)
| This organization: | $68,021 |
| Other organizations performing similar types of work: | $65,000 |
Expenses in 2014: $49,653
| Lake Effect Trailbreakers: | $49,653 |
| Other organizations performing similar types of work: | $34,783 |
Income to expenses ratio in 2014: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 74.1%
| This organization: | 74.1% |
| Other organizations performing similar types of work: | 99.2% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $50,021 | $23,753 | $52,583 |
| Contributions, gifts, grants, and similar amounts received | $33,180 | $7,878 | $38,941 |
| Program service revenue including government fees and contracts | $0 | $0 | $450 |
| Membership dues and assessments | $7,295 | $7,571 | $6,372 |
| Investment income | $97 | $11 | $2 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $4,794 | $5,763 | $4,923 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $8,299 | $10,569 | $9,809 |
| Less: direct expenses from gaming and fundraising events | $3,505 | $4,806 | $4,886 |
| Gross profit/loss from sales of inventory | $2,762 | $851 | $628 |
| Gross sales of inventory, less returns and allowances | $3,462 | $2,424 | $1,428 |
| Less: cost of goods sold | $700 | $1,573 | $800 |
| Other revenue | $1,893 | $1,679 | $1,267 |
| Total expenses | $36,902 | $45,882 | $49,653 |
| Total net assets | $108,220 | $86,091 | $68,021 |
| Excess/Deficit for the year | $13,119 | $-22,129 | $2,930 |
| Net assets or fund balances at beginning of year | $95,101 | $108,220 | $86,091 |
| Other changes in net assets or fund balances | $0 | $0 | $-21,000 |
| Net assets or fund balances at end of year | $86,091 | $68,021 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $108,220 | $86,091 | $68,021 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $108,220 | $86,091 | $68,021 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $87,842 |
| Subtotal | $87,842 |
| Gifts, grants, contributions, and membership fees received | $60,762 |
| 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 | $27,080 |
| 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 | $88,401 |
| Public support | $87,842 |
| Subtotal | $13 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $13 |
| 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 | $546 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Shelby Farms Park Conservancy | 500 N Pine Lake Dr, Memphis, TN 38134-7970 | TN | 2008-07 | $6,073,587 |
| 2 | Woodall Rodgers Park Foundation | 1909 Woodall Rodgers Fwy, Dallas, TX 75201-2232 | TX | 2006-01 | $1,995,595 |
| 3 | Pier55 Inc, Pier 54 Project | 555 W 18th St Fl 5, New York, NY 10011-2822 | NY | 2014-08 | $2,922,500 |
| 4 | Friends Of Nassau County Recreation Inc, Dba Nassau 100 | Rec Admin Bldg Eisenhower Park, East Meadow, NY 11554 | NY | 2013-11 | $1,705,251 |
| 5 | Friends Of The Gardenaerial Inc | 137 East Avenue Suite 201, Rochester, NY 14604 | NY | 2011-02 | $544,230 |
| 6 | Friends Of Jane's Carousel Inc C/O Two Trees Management | 45 Main Street No 602, Brooklyn, NY 11201-1099 | NY | 2011-05 | $492,775 |
| 7 | Osa Presents Inc | 79 N 11th St, Brooklyn, NY 11249-1913 | NY | 2011-03 | $451,171 |
| 8 | Champlain Area Trails Inc | Po Box 102, Essex, NY 12936-0102 | NY | 2009-06 | $203,349 |
| 9 | Highview Community Playground Inc | PO BOX 222, Nanuet, NY 10954-0222 | NY | 2011-03 | $185,000 |
| 10 | Washington Square Park Conservancy Inc | PO BOX 1624, New York, NY 10276-1624 | NY | 2013-08 | $184,155 |
| 11 | Chittenango Polar Bears Snowmobile Club | Po Box 111, Chittenango, NY 13037 | NY | 2011-08 | $123,802 |
| 12 | Cattaraugus County Federation Of Snowmobile Clubs Inc | 1116 Olean Portville Rd, Olean, NY 14760-9415 | NY | 2010-06 | $120,780 |
| 13 | Unisphere Inc | 75 Georgian Ct, Roslyn, NY 11576-2711 | NY | 2004-11 | $116,451 |
| 14 | Oatka Valley Snomobile Association Inc | PO BOX 84, Warsaw, NY 14569-0084 | NY | 2009-04 | $77,046 |
| 15 | Penn Mountain Snow Riders Inc | PO BOX 192, Barneveld, NY 13304-0192 | NY | 2010-04 | $71,652 |
| 16 | Spring Creek Recreational Fund | C/O Deane Group 150 E 58th St 23r, New York, NY 10155 | NY | 2010-08 | $63,125 |
| 17 | Nissequogue River State Park Foundation Inc | PO BOX 159, Kings Park, NY 11754-0159 | NY | 2010-11 | $61,105 |
| 18 | New York State Horse Park | No Change, No Change, NY 12866 | NY | 2009-06 | $58,578 |
| 19 | Miller Place Park Home Owners Association Inc | Po Box 85, Miller Place, NY 11764 | NY | 2012-09 | $54,400 |
| 20 | Alix Rice Peace Park Foundation Inc | 195 Londonderry Ln, Getzville, NY 14068 | NY | 2013-01 | $48,757 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,619 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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