Laguna Park Community Airfield Inc in Laguna Park, Texas (TX)

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Laguna Park Community Airfield Inc
Employer Identification Number (EIN)464681680
Name of OrganizationLaguna Park Community Airfield Inc
In Care of NameStuart Parsons
Address341 State Hwy 22, Laguna Park, TX 76634
SubsectionCharitable Organization
Ruling Date08/2014
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$25,000 to $99,999
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$38,409
Amount of Income$4,820
Form 990 Revenue Amount$4,820
National Taxonomy of Exempt Entities (NTEE)Unknown: Unknown


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Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$51,723$4,820$0
Total expenses$11,422$6,440$272
Total net assets$40,301$38,681$38,409
Excess/Deficit for the year$40,301$-1,620$-272
Net assets or fund balances at beginning of year$0$40,301$38,681
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$40,301$38,681$38,409
Balance Sheets
201120122013
Total assets$40,301$38,681$38,409
Total liabilities$0$0$0
Net assets or fund balances$40,301$38,681$38,409
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
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?NoNoNo
Total amount involved$0$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?NoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$56,543
Subtotal Support$56,543
Gifts, grants, contributions, and membership fees received$56,543
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$56,543
Public Support$56,543
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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