Krewe Babalu Of Galveston in Galveston, Texas (TX)
Table of contents:
| Krewe Babalu Of Galveston | |
| Employer Identification Number (EIN) | 273752165 |
| Name of Organization | Krewe Babalu Of Galveston |
| In Care of Name | Gladden Walters |
| Address | PO BOX 8142, Galveston, TX 77553-8142 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2011 |
| 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 | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $22,424 |
| Amount of Income | $59,559 |
| Form 990 Revenue Amount | $59,559 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General) |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $14,971 | $72,174 | $29,299 | $59,559 |
| Contributions, gifts, grants, and similar amounts received | $996 | $4,000 | $1,175 | $3,296 |
| Program service revenue including government fees and contracts | $41,439 | $100,172 | $61,518 | $42,105 |
| Membership dues and assessments | $795 | $900 | $7,188 | $8,748 |
| 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 | $-28,259 | $-32,898 | $-40,582 | $5,410 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $18,461 | $4,045 | $5,410 |
| Less: direct expenses from gaming and fundraising events | $28,259 | $51,359 | $44,627 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $21,016 | $60,447 | $29,292 | $55,184 |
| Total net assets | $16,502 | $12,372 | $16,419 | $17,818 |
| Excess/Deficit for the year | $-6,045 | $11,727 | $7 | $4,375 |
| Net assets or fund balances at beginning of year | $22,547 | $645 | $16,412 | $13,443 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $12,372 | $16,419 | $17,818 | |
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $23,875 | $25,718 | $23,792 | $22,424 |
| Total liabilities | $7,373 | $13,346 | $7,373 | $4,606 |
| Net assets or fund balances | $16,502 | $12,372 | $16,419 | $17,818 |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | 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 | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 | $276,758 |
| Subtotal | $276,758 |
| Gifts, grants, contributions, and membership fees received | $31,524 |
| 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 | $245,234 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 | $276,758 |
| Public support | $276,758 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Korean-American Presbyterian Church, Hope Presbyterian Church In El Paso | 4600 La Luz Ave, El Paso, TX 79903-3117 | TX | 1992-04 | $0 |
| 2 | Koren Church Of A&m | 6928 Raymond Stotzer Pkwy, College Sta, TX 77845-9071 | TX | 1992-04 | $0 |
| 3 | The Korean First Presbyterian Church Of Houston | 16719 Britford, Houston, TX 77084-1205 | TX | 1992-04 | $0 |
| 4 | Korean-American Presbyterian Church, New Life Korean Church | 6201 Windhaven Pkwy Apt 1412, Plano, TX 75093-2105 | TX | 1992-04 | $0 |
| 5 | Open Door Church Of Brownsville | 409 W 2nd St, Brownsville, TX 78520-5538 | TX | 1992-04 | $0 |
| 6 | Peace Family Church Of Austin | 1808 Avante Dr, Cedar Park, TX 78613-6762 | TX | 1992-04 | $0 |
| 7 | Kosmos Coffee Inc, Kosmos | 22765 Westheimer Pkwy, Katy, TX 77450-8675 | TX | 2011-03 | $114,196 |
| 8 | Kountze Lions Club | 1002 E Allums, Kountze, TX 77625 | TX | 2006-04 | $0 |
| 9 | Kozel Charitable Remainder Trust, Kozel Frank J Ttee | 6024 Oakcrest Rd, Dallas, TX 75248-3851 | TX | $0 | |
| 10 | Kranzow 1998 Charitable Remainder Trust Ua 062998, Cherry Susan Lynn Ttee | 2921 Redwood Dr, Carrollton, TX 75007-4840 | TX | $0 | |
| 11 | Krewe Babalu Of Galveston | PO BOX 8142, Galveston, TX 77553-8142 | TX | 2011-02 | $59,559 |
| 12 | Kristi Lynn Borchardt 2000 Charitable Remainder Unitrust, Borchardt Kristi Lynn Co-Ttee | PO BOX 627, Dripping Spgs, TX 78620-0627 | TX | $0 | |
| 13 | Kristi Lynn Borchardt 2002 Charitable Remainder Unitrust, Borchardt Kristi Lynn Ttee | PO BOX 627, Dripping Spgs, TX 78620-0627 | TX | $0 | |
| 14 | Kristi Lynn Borchardt Charitable Remainder Unitrust, Borchardt Kristi Lynn Co-Ttee | PO BOX 627, Dripping Spgs, TX 78620-0627 | TX | $0 | |
| 15 | Kristie A Gonzalez Foundation Inc | 4251 Fm 2181 Suite 230 130, Corinth, TX 76210 | TX | 2010-12 | $0 |
| 16 | Kristopher Dylan Ministries | 2133 Shady Grove, Bedford, TX 76021 | TX | 2011-01 | $0 |
| 17 | Krone Charitable Remainder Tr, Krone Andrew W Ttee | 12101 Edwards Hollow Run, Austin, TX 78739-7636 | TX | $0 | |
| 18 | Kroo Bay Initiative, Engaged Beyond Borders | 212 Goodson Way, Denton, TX 76207 | TX | 2009-05 | $0 |
| 19 | Krum Society Of Historic Preservation, Krum Heritage Museum | 150 W Mccart St, Krum, TX 76249 | TX | 2010-04 | $0 |
| 20 | Krumm Charitable Remainder Unitrust | 7900 E Highway 290, Austin, TX 78724-2402 | TX | $0 | |
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