Society Of American Magicians Parent Assembly No 1 Inc in Lake Success, New York (NY)

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Society Of American Magicians Parent Assembly No 1 Inc
Employer Identification Number (EIN)136144414
Name of OrganizationSociety Of American Magicians Parent Assembly No 1 Inc
In Care of NameJames Stranges
AddressC/O Stein Aiken 1983 Marcus Ave, Lake Success, NY 11042
ActivitiesFraternal Beneficiary society, order, or association
SubsectionDomestic Fraternal Societies and Associations
Ruling Date12/1985
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period05/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$449,273
Amount of Income$38,347
Form 990 Revenue Amount$22,896


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Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$5,127$22,704$22,896
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$6,830$6,193$5,118
Investment income$50$13,944$14,916
Gain/Loss from sale of assets other than inventory$0$41$-71
Gross amount from sale of assets other than inventory$0$2,767$5,554
Less: cost or other basis and sales expenses$0$2,726$5,625
Net income/loss from gaming and fundraising events$-1,753$2,526$2,933
Gross income from gaming$0$0$0
Gross income from fundraising events$8,530$4,005$12,759
Less: direct expenses from gaming and fundraising events$10,283$1,479$9,826
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$13,463$27,684$25,019
Total net assets$462,592$457,612$449,273
Excess/Deficit for the year$-8,336$-4,980$-2,123
Net assets or fund balances at beginning of year$470,928$462,592$457,612
Other changes in net assets or fund balances$0$0$-6,216
Net assets or fund balances at end of year$457,612$449,273
Balance Sheets
201220132014
Total assets$462,592$457,612$449,273
Total liabilities$0$0$0
Net assets or fund balances$462,592$457,612$449,273
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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