Anchor Yacht Club in Bristol, Pennsylvania (PA)

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Anchor Yacht Club
Employer Identification Number (EIN)231670266
Name of OrganizationAnchor Yacht Club
Address1232 1/2 Pine Grove St, Bristol, PA 19007-5506
SubsectionPleasure, Recreational, or Social Club
Ruling Date10/1982
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$68,777
Amount of Income$61,943
Form 990 Revenue Amount$38,232


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20122013
Total revenue$43,592$35,818
Contributions, gifts, grants, and similar amounts received$0$0
Program service revenue including government fees and contracts$2,250$2,750
Membership dues and assessments$36,247$30,807
Investment income$62$207
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$-2,137$-3,996
Gross income from gaming$0$0
Gross income from fundraising events$10,706$8,637
Less: direct expenses from gaming and fundraising events$12,843$12,633
Gross profit/loss from sales of inventory$7,170$6,050
Gross sales of inventory, less returns and allowances$19,557$19,654
Less: cost of goods sold$12,387$13,604
Other revenue$0$0
Total expenses$39,948$42,817
Total net assets$82,286$75,287
Excess/Deficit for the year$3,644$-6,999
Net assets or fund balances at beginning of year$78,642$82,286
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$82,286$75,287
Balance Sheets
20122013
Total assets$82,286$75,287
Total liabilities$0$0
Net assets or fund balances$82,286$75,287
Other Information
20122013
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 activitiesNoNo
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$8,000$8,000
Gross receipts for public use of club facilities$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 2013)
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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