Sioux Falls Swim Team Inc in Sioux Falls, South Dakota (SD)
Table of contents:
| Sioux Falls Swim Team Inc | |
| Employer Identification Number (EIN) | 460343732 |
| Name of Organization | Sioux Falls Swim Team Inc |
| Address | PO BOX 758, Sioux Falls, SD 57101-0758 |
| Activities | Swimming or tennis club, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 01/1986 |
| 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 | 08/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $99,104 |
| Amount of Income | $181,540 |
| Form 990 Revenue Amount | $157,677 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2014: $181,540 (it was $169,870 in 2013)
| This organization: | $181,540 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2014: $99,104 (it was $119,749 in 2013)
| This organization: | $99,104 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2013: $160,805
| This organization: | $160,805 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2013: 1.1
| Sioux Falls Swim Team Inc: | 1.1 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 5.4%
| This organization: | 5.4% |
| Other organizations performing similar types of work: | 78.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $152,008 | $169,842 | $169,870 |
| Contributions, gifts, grants, and similar amounts received | $6,489 | $29,578 | $9,168 |
| Program service revenue including government fees and contracts | $110,222 | $96,048 | $116,078 |
| 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 | $35,297 | $44,216 | $44,624 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $53,952 | $60,165 | $59,788 |
| Less: direct expenses from gaming and fundraising events | $18,655 | $15,949 | $15,164 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $171,846 | $175,235 | $160,805 |
| Total net assets | $113,747 | $108,352 | $117,417 |
| Excess/Deficit for the year | $-19,838 | $-5,393 | $9,065 |
| Net assets or fund balances at beginning of year | $133,585 | $113,745 | $108,352 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $108,352 | $117,417 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $116,079 | $110,684 | $119,749 |
| Total liabilities | $2,332 | $2,332 | $2,332 |
| Net assets or fund balances | $113,747 | $108,352 | $117,417 |
| 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 | $913,094 |
| Subtotal | $913,094 |
| Gifts, grants, contributions, and membership fees received | $313,205 |
| 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 | $599,889 |
| 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 | $913,094 |
| Public support | $913,094 |
| 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 | $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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