Palmetto Tennis Foundation Inc, Junior Tennis League Of R-L Countie in Lexington, South Carolina (SC)
Table of contents:
| Palmetto Tennis Foundation Inc, Junior Tennis League Of R-L Countie | |
| Employer Identification Number (EIN) | 571052435 |
| Name of Organization | Palmetto Tennis Foundation Inc |
| Secondary Name | Junior Tennis League Of R-L Countie |
| In Care of Name | Olivia Smith |
| Address | 425 Oak Dr, Lexington, SC 29073-7650 |
| Activities | "Unspecified" |
| Subsection | Charitable Organization |
| Ruling Date | 06/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $894 |
| Amount of Income | $25,860 |
| Form 990 Revenue Amount | $25,860 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Tennis, Racquet Sports Clubs, Leagues |
Non-representatives - add comments:
Amount of income in 2013: $25,860 (it was $28,452 in 2012)
| This organization: | $25,860 |
| Other organizations performing similar types of work: | $65,435 |
Assets in 2013: $894 (it was $477 in 2012)
| This organization: | $894 |
| Other organizations performing similar types of work: | $25,443 |
Expenses in 2013: $23,443
| This organization: | $23,443 |
| Other organizations performing similar types of work: | $58,611 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 0.5% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $40,136 | $36,296 | $28,452 | $25,860 |
| Contributions, gifts, grants, and similar amounts received | $0 | $510 | $2,550 | $0 |
| Program service revenue including government fees and contracts | $40,136 | $35,786 | $25,902 | $25,860 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $38,121 | $41,401 | $34,342 | $23,443 |
| Total net assets | $11,472 | $6,367 | $477 | $894 |
| Excess/Deficit for the year | $2,015 | $-5,105 | $-5,890 | $2,417 |
| Net assets or fund balances at beginning of year | $12,665 | $11,472 | $6,367 | $477 |
| Other changes in net assets or fund balances | $-3,208 | $0 | $0 | $-2,000 |
| Net assets or fund balances at end of year | $477 | $894 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $11,472 | $6,367 | $477 | $894 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $11,472 | $6,367 | $477 | $894 |
| Other Information | ||||
| 2010 | 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 | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tenacity Inc | 38 Everett St, Boston, MA 02134-1963 | MA | 1999-05 | $5,643,895 |
| 2 | East Palo Alto Tennis And Tutoring | 641 Campus Dr, Stanford, CA 94305-6201 | CA | 2009-02 | $2,223,468 |
| 3 | Columbia Tennis League Inc | 304 Crown Point Rd, Columbia, SC 29209-1512 | SC | 1995-05 | $130,896 |
| 4 | Lowcountry Tennis Association | 2081 Glendale Dr, Charleston, SC 29414-6425 | SC | 2012-01 | $77,879 |
| 5 | Palmetto Tennis Foundation Inc, Junior Tennis League Of R-L Countie | 425 Oak Dr, Lexington, SC 29073-7650 | SC | 2003-06 | $25,860 |
| 6 | Lowcountry Junior Tennis Association | 1849 Cornsilk Dr, Charleston, SC 29414 | SC | 2010-03 | $2,695 |
| 7 | Aiken Area Community Tennis Association | 230 Cheltenham Dr, Aiken, SC 29803-6642 | SC | 2014-08 | $2,460 |
| 8 | Walterboro Tennis Association | 314 Silverhill Rd, Walterboro, SC 29488-3560 | SC | 2014-02 | $2,306 |
| 9 | Charleston Area Ladies Tennis Association Inc, Calta | 28 Seagrass Lane, Isle Of Palms, SC 29451 | SC | 2006-08 | $0 |
| 10 | Color Of Tennis Balls Inc | 1085 Allendale Dr, Rock Hill, SC 29732 | SC | 2012-04 | $0 |
| 11 | Columbia-Lexington Volley Ball Club | 328 West Main Street, Lexington, SC 29072 | SC | 2006-01 | $0 |
| 12 | Grand Strand Tennis Foundation | 1147 Links Road, Myrtle Beach, SC 29575 | SC | 2001-02 | $0 |
| 13 | Greater Greenville Youth Tennis Association Inc | 45 Sycamore Ridge Dr, Simpsonville, SC 29681 | SC | 2014-10 | $0 |
| 14 | Handsacrossthenet Inc | 33 Office Park Rd Ste A-183, Hilton Head Island, SC 29928-4612 | SC | 2012-04 | $0 |
| 15 | Lowcountry Youth Tennis Association | 186 Seven Farms Dr Ste F-127, Daniel Island, SC 29492-8510 | SC | 2014-08 | $0 |
| 16 | Mid-Carolina Tennis Association | 897 Maplewood Ln, Rock Hill, SC 29730 | SC | 2010-03 | $0 |
| 17 | Public Tennis Inc | 13 Bow Circle Pmb 139, Hilton Head Island, SC 29928 | SC | 2001-12 | $0 |
| 18 | South Carolina Raquetball Players Association | 1708 W Sandcroft Dr, Charleston, SC 29407 | SC | 2001-06 | $0 |
| 19 | Sumter Tennis Association | 400 Theatre Drive, Sumter, SC 29150 | SC | 2014-09 | $0 |
| 20 | Upper Piedmont Tennis Association Foundation | 101 N Ladyslipper Lane, Greer, SC 29650 | SC | 2007-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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