The Townsmen Club in Mapleville, Rhode Island (RI)

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The Townsmen Club
Employer Identification Number (EIN)050368338
Name of OrganizationThe Townsmen Club
Address66 Townsmen Way, Mapleville, RI 02839-1234
ActivitiesFraternal Beneficiary society, order, or association
SubsectionPleasure, Recreational, or Social Club
Ruling Date10/1989
DeductibilityContributions are deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$88,727
Amount of Income$100,198
Form 990 Revenue Amount$21,865


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$34,130$41,171$35,524
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$11,109$9,949$5,687
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$18,242$25,647$23,962
Gross sales of inventory, less returns and allowances$82,594$84,576$93,497
Less: cost of goods sold$64,352$58,929$69,535
Other revenue$4,779$5,575$5,875
Total expenses$34,430$41,220$30,564
Total net assets$93,973$93,924$98,884
Excess/Deficit for the year$-300$-49$4,960
Net assets or fund balances at beginning of year$94,273$93,973$93,924
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$98,884
Balance Sheets
201120122013
Total assets$94,603$94,594$98,884
Total liabilities$630$670$0
Net assets or fund balances$93,973$93,924$98,884
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
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?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?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
Total amount involved$0
Initiation fees and capital contributions$0$0$5,687
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
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
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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