Old Cove Youth Sailing Foundation Inc in New Suffolk, New York (NY)
Table of contents:
| Old Cove Youth Sailing Foundation Inc | |
| Employer Identification Number (EIN) | 263493729 |
| Name of Organization | Old Cove Youth Sailing Foundation Inc |
| In Care of Name | Christopher Kuehn |
| Address | PO BOX 673, New Suffolk, NY 11956-0673 |
| Subsection | Educational Organization |
| Ruling Date | 02/2009 |
| 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 | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $50,507 |
| Amount of Income | $2,325 |
| Form 990 Revenue Amount | $2,325 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2013: $2,325 (it was $20,517 in 2012)
| This organization: | $2,325 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2013: $50,507 (it was $48,816 in 2012)
| Old Cove Youth Sailing Foundation Inc: | $50,507 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2013: $334
| Old Cove Youth Sailing Foundation Inc: | $334 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2013: 7.0
| Old Cove Youth Sailing Foundation Inc: | 7.0 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 100.0%
| Old Cove Youth Sailing Foundation Inc: | 100.0% |
| Other organizations performing similar types of work: | 78.3% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $8,900 | $20,517 | $2,325 |
| Contributions, gifts, grants, and similar amounts received | $8,900 | $20,517 | $2,325 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $9,718 | $16,733 | $334 |
| Total net assets | $44,732 | $48,816 | $50,507 |
| Excess/Deficit for the year | $-818 | $3,784 | $1,991 |
| Net assets or fund balances at beginning of year | $45,550 | $45,032 | $48,516 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $48,516 | $50,807 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $44,732 | $48,816 | $50,507 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $44,732 | $48,816 | $50,507 |
| 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 | $77,522 |
| Subtotal | $77,522 |
| Gifts, grants, contributions, and membership fees received | $71,587 |
| 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 | $5,935 |
| 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 | $77,522 |
| Public support | $77,522 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | $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 | Row New York | 1027 46th Ave Ste 101, Long Is City, NY 11101-5202 | NY | 2002-03 | $1,874,869 |
| 3 | Saratoga Rowing Association Inc | PO BOX 750, Saratoga Spgs, NY 12866-0750 | NY | 2001-06 | $1,240,829 |
| 4 | Friends Of Port Rowing Inc | 102a Harbor Rd, Prt Washingtn, NY 11050-2534 | NY | 2011-06 | $788,976 |
| 5 | West Nyack Swim Club Inc | PO BOX 342, West Nyack, NY 10994-0342 | NY | 2009-07 | $656,175 |
| 6 | Sagamore Rowing Association Inc | PO BOX 248, Oyster Bay, NY 11771-0248 | NY | 1987-03 | $489,546 |
| 7 | Patriot Aquatics Inc | PO BOX 484, Jefferson Vly, NY 10535-0484 | NY | 2010-12 | $428,558 |
| 8 | Fairport Swimming Inc | PO BOX 81, Fairport, NY 14450-0081 | NY | 2008-03 | $355,518 |
| 9 | All Star Parents Booster Club Inc | 272 Cole Ave, Rochester, NY 14606-3807 | NY | 2011-03 | $286,061 |
| 10 | Clifton Park-Halfmoon Piranhas Swim Club Inc | PO BOX 106, Clifton Park, NY 12065-0106 | NY | 2012-01 | $228,567 |
| 11 | Swim Strong Foundation Inc | 30-17 89th Street, East Elmhurst, NY 11369 | NY | 2007-02 | $207,792 |
| 12 | Buffalo Maritime Center Inc | 90 Arthur St, Buffalo, NY 14207-2046 | NY | 2010-07 | $199,968 |
| 13 | Red Fox Aquatic Club Inc | 2758 Middle Country Rd Apt 202, Lake Grove, NY 11755 | NY | 2013-01 | $194,975 |
| 14 | Buffalo Scholastic Rowing Association Inc | 120 W Tupper St, Buffalo, NY 14201-2170 | NY | 2010-03 | $183,971 |
| 15 | Genesee Rowing Club Inc | PO BOX 10073, Rochester, NY 14610-0073 | NY | 2011-06 | $170,227 |
| 16 | Farmingdale Aquatics | 239 Yoakum Ave, Farmingdale, NY 11735-5053 | NY | 2011-03 | $160,482 |
| 17 | Williamsburg Yacht Club Inc | 11808 29th Ave, Flushing, NY 11354-1061 | NY | 2010-05 | $121,404 |
| 18 | Town Of Tonawanda Aquettes | C/O One Pool Plaza, Buffalo, NY 14223 | NY | 2006-04 | $120,042 |
| 19 | Troy Sculpins Inc | 1433 Spring Ave, Wynantskill, NY 12198-3429 | NY | 1997-03 | $118,506 |
| 20 | Sayville Lacrosse Club | PO BOX 11, West Sayville, NY 11796-0011 | NY | 2001-12 | $115,387 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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