Platinum Aquatics in Rosharon, Texas (TX)
Table of contents:
Platinum Aquatics | |
Employer Identification Number (EIN) | 452795907 |
Name of Organization | Platinum Aquatics |
In Care of Name | Gregory M Spano |
Address | 14211 Windy Ridge Ln, Rosharon, TX 77583 |
Website | http://www.platinumaquatics.org |
Subsection | Charitable Organization |
Ruling Date | 03/2013 |
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 | 2012 |
Assets | $1 to $9,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $9,964 |
Amount of Income | $99,225 |
Form 990 Revenue Amount | $99,225 |
National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2012: $99,225 (it was $64,353 in 2013)
This organization: | $99,225 |
Other organizations performing similar types of work: | $81,788 |
Assets in 2012: $9,964 (it was $3,594 in 2013)
Platinum Aquatics: | $9,964 |
Other organizations performing similar types of work: | $33,448 |
Expenses in 2013: $67,599
Platinum Aquatics: | $67,599 |
Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2013: 1.5
This organization: | 1.5 |
Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 0.8%
This organization: | 0.8% |
Other organizations performing similar types of work: | 78.3% |
Revenue for 2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
2013 | |
---|---|
Total revenue | $64,353 |
Contributions, gifts, grants, and similar amounts received | $500 |
Program service revenue including government fees and contracts | $63,103 |
Membership dues and assessments | $0 |
Investment income | $0 |
Gain/Loss from sale of assets other than inventory | $0 |
Net income/loss from gaming and fundraising events | $750 |
Gross income from gaming | $0 |
Gross income from fundraising events | $750 |
Less: direct expenses from gaming and fundraising events | $0 |
Gross profit/loss from sales of inventory | $0 |
Other revenue | $0 |
Total expenses | $67,599 |
Total net assets | $3,594 |
Excess/Deficit for the year | $-3,246 |
Net assets or fund balances at beginning of year | $6,840 |
Other changes in net assets or fund balances | $0 |
Net assets or fund balances at end of year | $3,594 |
Balance Sheets | |
2013 | |
---|---|
Total assets | $3,594 |
Total liabilities | $0 |
Net assets or fund balances | $3,594 |
Other Information | |
2013 | |
---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No |
Were any significant changes made to the organizing or governing documents? | No |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
Has the organization filed a Form 990-T for the year? | No |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
Amount of political expenditures, direct or indirect | $0 |
Did the organization file Form 1120-POL for this year? | 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 |
Total amount involved | $0 |
Initiation fees and capital contributions | $0 |
Gross receipts for public use of club facilities | $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 |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
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 supported | 0 |
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 | $109,470 |
Subtotal Support | $109,470 |
Gifts, grants, contributions, and membership fees received | $109,470 |
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 | $109,470 |
Public Support | $109,470 |
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. | $109,470 |
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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 | Sea Scout Base Galveston | 7509 Broadway St, Galveston, TX 77554-8921 | TX | 2012-02 | $9,959,938 |
3 | Katy Aquatic Team For Youth Inc, Katy Aquatics Summer Team | 5506 First Street Ave, Katy, TX 77493 | TX | 2001-08 | $1,788,163 |
4 | Jacksboro Community Pool Project | 302 S Main St, Jacksboro, TX 76458-2322 | TX | 2012-06 | $570,153 |
5 | Eagle Aquatics Inc, Eagle Swimming Association | 6942 Fm 1960 Rd E, Humble, TX 77346-2706 | TX | 2009-05 | $379,954 |
6 | What Swim Club Inc | 1127 Eldridge Pkwy Pmb 300158, Houston, TX 77077-1771 | TX | 2009-09 | $287,074 |
7 | Rise Adventures Inc | PO BOX 141122, Irving, TX 75014 | TX | 2007-08 | $262,329 |
8 | Sienna Plantation Aquatics Inc | 6140 Highway 6, Missouri City, TX 77459-3802 | TX | 2006-06 | $242,496 |
9 | Rusty Spur Saloon & Steakhouse Private Club | 600 S Main St, Seymour, TX 76380-3010 | TX | 2013-08 | $214,912 |
10 | Texas Terrapins Swim Team | Po Box 2576, Cypress, TX 77410 | TX | 2010-09 | $202,578 |
11 | Gulf Coast Youth Sailing Association | 3620 Del Monte Dr, Houston, TX 77019-3100 | TX | 2009-07 | $176,025 |
12 | Parati Competitive Rowing | PO BOX 8164, Spring, TX 77387-8164 | TX | 2013-11 | $122,829 |
13 | Dallas Rowing Club | PO BOX 7309, Dallas, TX 75209-0309 | TX | 2000-10 | $118,138 |
14 | West Houston Aquatic League Inc | 20227 Pittsford Dr, Katy, TX 77450 | TX | 2003-01 | $110,320 |
15 | Elite Swim Program | 109 Midway Dr W, Euless, TX 76039-3618 | TX | 2011-12 | $104,209 |
16 | Rockport Yacht Club | PO BOX 264, Rockport, TX 78381-0264 | TX | 2002-11 | $101,450 |
17 | Csa Synchro, Cygnets Of San Antonio | PO BOX 6208, San Antonio, TX 78209-0208 | TX | 2010-03 | $100,722 |
18 | Platinum Aquatics | 14211 Windy Ridge Ln, Rosharon, TX 77583 | TX | 2013-03 | $99,225 |
19 | Laredo Tritons Swim Club Inc, Laredo Swim Club | C/O Po Box 450398, Laredo, TX 78045 | TX | 2011-02 | $95,722 |
20 | Power For Life Aquatics | 22526 Cove Hollow Dr, Katy, TX 77450-5836 | TX | 2012-11 | $94,569 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 2,651 |
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