South Carolina Gamma Foundation Inc in Spartanburg, South Carolina (SC)
Table of contents:
South Carolina Gamma Foundation Inc | |
Employer Identification Number (EIN) | 562097825 |
Name of Organization | South Carolina Gamma Foundation Inc |
In Care of Name | Beau Shuler |
Address | 311 E Main St, Spartanburg, SC 29302-1917 |
Subsection | Pleasure, Recreational, or Social Club |
Ruling Date | 02/2000 |
Deductibility | Contributions are not deductible |
Foundation | All organizations except 501(c)(3) |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 2009 |
Assets | $100,000 to $499,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $392,256 |
Amount of Income | $41,622 |
Form 990 Revenue Amount | $41,622 |
National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Recreational, Pleasure, or Social Club |
Non-representatives - add comments:
Amount of income in 2009: $41,622 (it was $41,622 in 2013)
This organization: | $41,622 |
Other organizations performing similar types of work: | $62,479 |
Assets in 2009: $392,256 (it was $392,256 in 2013)
This organization: | $392,256 |
Other organizations performing similar types of work: | $41,400 |
Expenses in 2013: $38,903
South Carolina Gamma Foundation Inc: | $38,903 |
Other organizations performing similar types of work: | $49,751 |
Income to expenses ratio in 2013: 1.1
This organization: | 1.1 |
Other organizations performing similar types of work: | 0.9 |
Revenue for 2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $33,008 | $33,618 | $41,622 |
Contributions, gifts, grants, and similar amounts received | $32,910 | $11,751 | $0 |
Program service revenue including government fees and contracts | $0 | $21,866 | $32,401 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $98 | $1 | $1 |
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 | $9,220 |
Total expenses | $16,031 | $37,570 | $38,903 |
Total net assets | $138,121 | $134,169 | $136,888 |
Excess/Deficit for the year | $16,977 | $-3,952 | $2,719 |
Net assets or fund balances at beginning of year | $121,144 | $138,121 | $134,169 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $134,169 | $136,888 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $393,489 | $389,537 | $392,256 |
Total liabilities | $255,368 | $255,368 | $255,368 |
Net assets or fund balances | $138,121 | $134,169 | $136,888 |
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? | Yes | Yes | |
Total amount involved | $255,368 | $255,368 | |
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: | Not provided |
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 | Treasure Island Tennis & Yacht Club | 400 Treasure Island Cswy, Treasure Is, FL 33706-1131 | FL | 2007-10 | $3,103,974 |
2 | Tau Kappa Epsilon Fraternity Inc, 298 Iota Zeta Colony | 747 Comstock Ave, Syracuse, NY 13210-2820 | NY | 2004-02 | $249,224 |
3 | Oldfield Club | 130 Oldfield Way, Bluffton, SC 29909-7013 | SC | 2014-07 | $4,448,211 |
4 | Members Club At Woodcreek & Wildewood | 301 Club Ridge Rd, Elgin, SC 29045-8643 | SC | 2013-03 | $3,963,877 |
5 | Smithfields Country Club Crestview Rd | 100 Pine Ridge Dr, Easley, SC 29642-3217 | SC | 2002-12 | $1,068,058 |
6 | The Hilton Head Island Bridge Association | PO BOX 21476, Hilton Head, SC 29925-1476 | SC | 2001-10 | $231,330 |
7 | Greenville Gun Club Nonprofit Inc | PO BOX 1165, Mauldin, SC 29662-1165 | SC | 2009-09 | $224,839 |
8 | Magic City Club | 1523 W Lucas St, Florence, SC 29501-1223 | SC | 2015-02 | $199,903 |
9 | Nrc Inc | 37 Redtail Dr, Bluffton, SC 29909-6006 | SC | 2013-09 | $184,765 |
10 | Stone Lake Community Club Inc | PO BOX 5342, Greenville, SC 29606-5342 | SC | 2002-04 | $175,145 |
11 | Pams Front Porch | 7332 Parklane Rd, Columbia, SC 29223-7616 | SC | 2014-10 | $160,153 |
12 | Most Worshipful Palmetta Grand Lodge Free & Accepted Ancient York | 1217 Batchelor St, West Columbia, SC 29169-6403 | SC | 2013-02 | $82,391 |
13 | Upper Abbeville Co Recreation Assn | PO BOX 6, Donalds, SC 29638 | SC | 2006-03 | $62,301 |
14 | S M W Inc, Sarahs Nightlife | 316 Park St, Georgetown, SC 29440-3816 | SC | 2001-10 | $61,505 |
15 | South Carolina Gamma Foundation Inc | 311 E Main St, Spartanburg, SC 29302-1917 | SC | 2000-02 | $41,622 |
16 | Senior Golf Circuit | 145 Double Eagle Circle, Lexington, SC 29073 | SC | 2012-04 | $37,006 |
17 | Upper Piedmont Tennis Association- Women, Upta Women | 101 N Ladyslipper Ln, Greer, SC 29650-2919 | SC | 2007-05 | $35,632 |
18 | South Carolina Chapter Of The Association Of Legal Administrator | PO BOX 1509, Columbia, SC 29202-1509 | SC | 2009-02 | $32,860 |
19 | Scandals Of South Carolina Inc | 1431 Elder Rd, Rock Hill, SC 29732 | SC | 2002-07 | $27,674 |
20 | Coastal Carolina Corvette Club Inc | Po Box 15444, Summerville, SC 29485 | SC | 2014-05 | $26,686 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 11,322 |
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