Varuna Boat Club Inc in Brooklyn, New York (NY)

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Varuna Boat Club Inc
Employer Identification Number (EIN)111437803
Name of OrganizationVaruna Boat Club Inc
Address2806 Emmons Ave, Brooklyn, NY 11235-2244
ActivitiesTraining in sports, Fraternity or sorority
SubsectionPleasure, Recreational, or Social Club
Ruling Date09/1942
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Tax Period12/2010
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$460,688
Amount of Income$223,265
Form 990 Revenue Amount$223,265


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Financial snapshot ($)

Revenue for 2010

Functional expenses for 2010

Statements Regarding Other IRS Filings and Tax Compliance (for 2010)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$1,500
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2010)
Total revenue$223,265
Contributions, Gifts, Grants and Other Similar Amounts$104,558
Program Service Revenue$48,276
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,809
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$67,942
Gross sales of inventory, less returns and allowances$67,942
Less: cost of goods sold$0
Miscellaneous Revenue$680
Statement of Functional Expenses (for 2010)
Total functional expenses$70,579
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$21,120
Payroll taxes$6,386
Professional fundraising services$0
Other$43,073
Balance Sheet (for 2010)
Total assets$460,688
Total liabilities$38,680
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$38,680
Total net assets or fund balances$422,008
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2010)
The organization is not a private foundation because it is:Not provided
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