Reading Fairgrounds Racing Historical Society, Reading Speedway Competition Assn in Temple, Pennsylvania (PA)
Table of contents:
| Reading Fairgrounds Racing Historical Society, Reading Speedway Competition Assn | |
| Employer Identification Number (EIN) | 300228793 |
| Name of Organization | Reading Fairgrounds Racing Historical Society |
| Secondary Name | Reading Speedway Competition Assn |
| In Care of Name | Mike Grim |
| Address | PO BOX 427, Temple, PA 19560-0427 |
| Subsection | Educational Organization |
| Ruling Date | 04/2005 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $66,316 |
| Amount of Income | $41,185 |
| Form 990 Revenue Amount | $38,248 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: History Museums |
Non-representatives - add comments:
Amount of income in 2013: $41,185 (it was $33,977 in 2012)
| This organization: | $41,185 |
| Other organizations performing similar types of work: | $42,230 |
Assets in 2013: $66,316 (it was $59,669 in 2012)
| Reading Fairgrounds Racing Historical Society, Reading Speedway Competition Assn: | $66,316 |
| Other organizations performing similar types of work: | $110,927 |
Expenses in 2013: $31,601
| This organization: | $31,601 |
| Other organizations performing similar types of work: | $32,454 |
Income to expenses ratio in 2013: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2013: 11.5%
| Reading Fairgrounds Racing Historical Society, Reading Speedway Competition Assn: | 11.5% |
| Other organizations performing similar types of work: | 27.1% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $23,076 | $27,881 | $38,248 |
| Contributions, gifts, grants, and similar amounts received | $6,034 | $4,520 | $4,388 |
| Program service revenue including government fees and contracts | $13,921 | $19,592 | $27,525 |
| Membership dues and assessments | $3,010 | $3,025 | $3,060 |
| Investment income | $27 | $24 | $23 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $2,031 | $696 | $914 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $4,201 | $815 | $1,187 |
| Less: direct expenses from gaming and fundraising events | $2,170 | $119 | $273 |
| Gross profit/loss from sales of inventory | $-1,947 | $24 | $2,338 |
| Gross sales of inventory, less returns and allowances | $3,646 | $6,001 | $5,002 |
| Less: cost of goods sold | $5,593 | $5,977 | $2,664 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $23,587 | $27,927 | $31,601 |
| Total net assets | $59,715 | $59,669 | $66,316 |
| Excess/Deficit for the year | $-511 | $-46 | $6,647 |
| Net assets or fund balances at beginning of year | $60,226 | $59,715 | $59,669 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $59,669 | $66,316 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $59,715 | $59,669 | $66,316 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $59,715 | $59,669 | $66,316 |
| 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 | $172,466 |
| Subtotal | $172,466 |
| Gifts, grants, contributions, and membership fees received | $75,276 |
| 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 | $97,190 |
| 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 | $172,595 |
| Public support | $172,466 |
| Subtotal | $129 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $129 |
| 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 | York County Heritage Trust | 250 E Market St, York, PA 17403-2013 | PA | 1941-01 | $2,789,790 |
| 2 | East Broad Top Railroad Preservation Association | PO BOX 585, Dubois, PA 15801-0585 | PA | 2011-04 | $1,420,529 |
| 3 | The Abraham Lincoln Foundation Of The Union League Of Philadelphia | 140 S Broad St, Philadelphia, PA 19102-3003 | PA | 1996-02 | $1,174,393 |
| 4 | Oscar Hammersteins Highland Farm Inc | 70 East Rd, Doylestown, PA 18901-3117 | PA | 2013-08 | $101,925 |
| 5 | Musagim | 444 Liberty Ave Ste 2200, Pittsburgh, PA 15222-1207 | PA | 2012-02 | $97,634 |
| 6 | Oley Valley Athletic Boosters Club | 17 Jefferson St, Oley, PA 19547-8774 | PA | 2014-06 | $62,161 |
| 7 | Southern Cove Power Reunion Inc | PO BOX 175, New Entrprise, PA 16664-0175 | PA | 2002-08 | $62,159 |
| 8 | Susquehanna River Archeological Center Of Native Indian Studies | PO BOX 12, Sayre, PA 18840-0012 | PA | 2005-09 | $59,906 |
| 9 | Middlecreek Valley Antique Association | 104 Oak Ln, Middleburg, PA 17842-8274 | PA | 1999-10 | $48,173 |
| 10 | The Institute For Biblical And Scientific Studies | 2424 E Hagert St, Philadelphia, PA 19125-3031 | PA | 1995-04 | $45,138 |
| 11 | New Holland Area Historical Society | PO BOX 464, New Holland, PA 17557 | PA | 2004-11 | $45,052 |
| 12 | Reading Fairgrounds Racing Historical Society, Reading Speedway Competition Assn | PO BOX 427, Temple, PA 19560-0427 | PA | 2005-04 | $41,185 |
| 13 | History Center On Main Street | 83 N Main St, Mansfield, PA 16933-1303 | PA | 2013-03 | $37,455 |
| 14 | St Clair Community & Historical Society | 8 Sunshine St, Pottsville, PA 17901 | PA | 2012-03 | $18,539 |
| 15 | Maryland And Pennsylvania Railroad | 445 Richardson Rd, York, PA 17408 | PA | 2014-10 | $12,909 |
| 16 | Turkeyfoot Valley Historical Society | 600 Logan Pl, Confluence, PA 15424-1022 | PA | 2003-11 | $9,279 |
| 17 | Mount Jackson Museum Foundation Inc | 200 Brewster Rd, New Castle, PA 16102-3004 | PA | 2009-10 | $5,264 |
| 18 | Museum Of Nursing History | 1900 W Olney Avenue, Philadelphia, PA 19141 | PA | 2014-02 | $4,024 |
| 19 | Blue Spader Living History Organization Inc | 150 Nathan Ave, Gilbertsville, PA 19525-9492 | PA | 2013-11 | $1,710 |
| 20 | 4th Armored Division Historical Preservation Group | 115 S Lynwood Ave, Glenside, PA 19038-4004 | PA | 2010-04 | $580 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,375 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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