Wilkes Barre Racing in Wilkes Barre, Pennsylvania (PA)
Table of contents:
| Wilkes Barre Racing | |
| Employer Identification Number (EIN) | 800584127 |
| Name of Organization | Wilkes Barre Racing |
| In Care of Name | Julie Pais |
| Address | 57 Miner St, Wilkes Barre, PA 18702-1719 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2011 |
| 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 | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $11,490 |
| Amount of Income | $72,824 |
| Form 990 Revenue Amount | $72,824 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations |
Non-representatives - add comments:
Amount of income in 2013: $72,824 (it was $117,887 in 2012)
| Wilkes Barre Racing: | $72,824 |
| Other organizations performing similar types of work: | $123,400 |
Assets in 2013: $11,490 (it was $68,950 in 2012)
| Wilkes Barre Racing: | $11,490 |
| Other organizations performing similar types of work: | $188,019 |
Expenses in 2013: $130,284
| Wilkes Barre Racing: | $130,284 |
| Other organizations performing similar types of work: | $82,376 |
Income to expenses ratio in 2013: 0.6
| This organization: | 0.6 |
| Other organizations performing similar types of work: | 5.6 |
Grants share in income in 2013: 51.8%
| This organization: | 51.8% |
| Other organizations performing similar types of work: | 20.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $103,871 | $117,887 | $72,824 |
| Contributions, gifts, grants, and similar amounts received | $81,005 | $86,623 | $37,739 |
| Program service revenue including government fees and contracts | $22,866 | $31,264 | $35,085 |
| 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 | $51,530 | $113,744 | $130,284 |
| Total net assets | $64,807 | $68,950 | $11,490 |
| Excess/Deficit for the year | $52,341 | $4,143 | $-57,460 |
| Net assets or fund balances at beginning of year | $12,466 | $64,807 | $68,950 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $68,950 | $11,490 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $64,807 | $68,950 | $11,490 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $64,807 | $68,950 | $11,490 |
| 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 | $227,567 |
| Subtotal | $227,567 |
| Gifts, grants, contributions, and membership fees received | $227,567 |
| 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 | $0 |
| 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 | $329,164 |
| Public support | $227,567 |
| 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 | $101,597 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Taos Community Foundation Inc | PO BOX 1925, Taos, NM 87571-1925 | NM | 1998-12 | $4,057,729 |
| 2 | Taylor Community Foundation | 300 Johnson Ave, Ridley Park, PA 19078-1834 | PA | 1986-06 | $4,823,495 |
| 3 | Washington County Community Foundation Inc | 331 S Main St, Washington, PA 15301-6367 | PA | 1994-06 | $1,858,247 |
| 4 | United Way Of Adams County | PO BOX 3545, Gettysburg, PA 17325-0545 | PA | 1967-11 | $482,859 |
| 5 | Teacher Excellent Center | 4701 Baptist Rd Ste 210a, Pittsburgh, PA 15227-1176 | PA | 2003-10 | $389,224 |
| 6 | Children Deserve A Chance | 16 W King Street, Lancaster, PA 17603 | PA | 2009-03 | $329,365 |
| 7 | Visitation Community Outreach Foundation | 2646 Kensington Ave, Philadelphia, PA 19125-1122 | PA | 2013-09 | $260,879 |
| 8 | Wayne County Community Foundation | 214 Ninth Street, Honesdale, PA 18431-1911 | PA | 1991-12 | $244,451 |
| 9 | Sultan Jihad Ahmad Community Foundation | PO BOX 38911, Philadelphia, PA 19104-8911 | PA | 2002-07 | $178,444 |
| 10 | Rotary Club Of Kennett At Longwood Foundation | PO BOX 781, Kennett Sq, PA 19348-0781 | PA | 2000-09 | $112,458 |
| 11 | Alliance For Continuing Rabbinic Education Ltd | 1212 Melrose Ave, Melrose Park, PA 19027-3018 | PA | 2011-06 | $100,500 |
| 12 | Wilkes Barre Rotary Charities Inc | 106 S Main St, Wilkes-Barre, PA 18701-1615 | PA | 2002-01 | $100,032 |
| 13 | Phillips Foundation Inc | 144 Sunny Ct, Leesport, PA 19533-9630 | PA | 2008-08 | $96,474 |
| 14 | Wilkes Barre Racing | 57 Miner St, Wilkes Barre, PA 18702-1719 | PA | 2011-07 | $72,824 |
| 15 | New Hope Celebrates Inc | 144 Old York Road, New Hope, PA 18938 | PA | 2009-07 | $69,995 |
| 16 | Leonard And Enid Abrams Family Foundation | 702 N 22nd St, Allentown, PA 18104-3904 | PA | 2014-06 | $65,401 |
| 17 | Shawn Gaertner Foundation | 825 Harden Dr, Pittsburgh, PA 15229-1108 | PA | 2006-03 | $63,132 |
| 18 | West Chester Downtown Foundation | 119 N High St, West Chester, PA 19380-3012 | PA | 2002-12 | $45,932 |
| 19 | Lower Makefield Township Community Foundation Inc | 1100 Edgewood Rd, Yardley, PA 19067-1689 | PA | 2009-09 | $43,150 |
| 20 | Yacht Stock Inc | PO BOX 40, Essington, PA 19029-0040 | PA | 2009-01 | $29,329 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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