Brookings Swim Club Inc in Brookings, South Dakota (SD)
Table of contents:
| Brookings Swim Club Inc | |
| Employer Identification Number (EIN) | 900750769 |
| Name of Organization | Brookings Swim Club Inc |
| Address | PO BOX 8112, Brookings, SD 57006-8112 |
| Subsection | Educational Organization |
| Ruling Date | 06/2012 |
| 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 | 03/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $81,511 |
| Amount of Income | $114,215 |
| Form 990 Revenue Amount | $114,215 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2014: $114,215 (it was $94,379 in 2013)
| This organization: | $114,215 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2014: $81,511 (it was $69,997 in 2013)
| Brookings Swim Club Inc: | $81,511 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2014: $96,646
| Brookings Swim Club Inc: | $96,646 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2014: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2014: 0.0%
| Brookings Swim Club Inc: | 0.0% |
| Other organizations performing similar types of work: | 78.3% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $70,889 | $85,495 | $94,379 | $114,215 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $28,342 | $34,141 | $58,038 | $79,209 |
| Membership dues and assessments | $42,547 | $51,354 | $36,341 | $35,006 |
| 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 | $62,921 | $89,328 | $84,673 | $96,646 |
| Total net assets | $9,538 | $5,705 | $15,411 | $32,980 |
| Excess/Deficit for the year | $7,968 | $-3,833 | $9,706 | $17,569 |
| Net assets or fund balances at beginning of year | $1,570 | $9,538 | $5,705 | $15,411 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $15,411 | $32,980 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $74,732 | $52,537 | $69,997 | $81,511 |
| Total liabilities | $65,194 | $46,832 | $54,586 | $48,531 |
| Net assets or fund balances | $9,538 | $5,705 | $15,411 | $32,980 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| 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 2014) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| 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 | University Swim Club | Po Box 10442, Knoxville, TN 37939-0442 | TN | 2007-02 | $43,203 |
| 2 | Us Swimming Inc, Usa Swimming | 1 Olympic Plaza, Colorado Springs, CO 80909 | CO | 2006-03 | $40,777,941 |
| 3 | Sea Scout Base Galveston | 7509 Broadway St, Galveston, TX 77554-8921 | TX | 2012-02 | $9,959,938 |
| 4 | International Professional Surfing, Triple Crown Of Surfing | 59-063 Hoalua St Apt A, Haleiwa, HI 96712-8721 | HI | 2013-11 | $2,830,586 |
| 5 | Seva Seahawks Booster Club | PO BOX 1781, Yorktown, VA 23692-1781 | VA | 1995-03 | $2,663,053 |
| 6 | Row New York | 1027 46th Ave Ste 101, Long Is City, NY 11101-5202 | NY | 2002-03 | $1,874,869 |
| 7 | Katy Aquatic Team For Youth Inc, Katy Aquatics Summer Team | 5506 First Street Ave, Katy, TX 77493 | TX | 2001-08 | $1,788,163 |
| 8 | Sioux Falls Seals Swim Team Boosters Club | PO BOX 2736, Sioux Falls, SD 57101-2736 | SD | 2000-08 | $203,498 |
| 9 | Sioux Falls Swim Team Inc | PO BOX 758, Sioux Falls, SD 57101-0758 | SD | 1986-01 | $181,540 |
| 10 | Brookings Swim Club Inc | PO BOX 8112, Brookings, SD 57006-8112 | SD | 2012-06 | $114,215 |
| 11 | Yankton Swim Team | 2705 Abbott Drive, Yankton, SD 57078 | SD | 1998-11 | $37,333 |
| 12 | The Sioux Falls Cygnets Synchronized Swim Team Inc | 4909 S Lewis Ave, Sioux Falls, SD 57108 | SD | 2005-12 | $33,122 |
| 13 | Black Hills Gold Swimming | Po Box 703, Spearfish, SD 57783 | SD | 2011-06 | $0 |
| 14 | Chamberlain Swim Team | Po Box 62, Chamberlain, SD 57325 | SD | 1995-03 | $0 |
| 15 | Greater Rapid City Ellsworth Area Team Swimming Club Inc, Great Swimming | Po Box 3755, Rapid City, SD 57709-3755 | SD | 2014-09 | $0 |
| 16 | Hartford Area Swimming Pool Inc | Po Box 727, Hartford, SD 57033 | SD | 2011-10 | $0 |
| 17 | Madison Swim Club | 23424 449th Ave, Madison, SD 57042 | SD | 2012-08 | $0 |
| 18 | Miller Swim Club Inc | 603 W 1st Ave, Miller, SD 57362 | SD | 2004-03 | $0 |
| 19 | Mitchell Aquatic Club Inc | Po Box 1371, Mitchell, SD 57301 | SD | 2001-06 | $0 |
| 20 | Sioux Falls Whitewater Park | 5213 W 55th Street, Sioux Falls, SD 57106 | SD | 2015-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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