Wasatch Rowing Foundation in South Jordan, Utah (UT)
Table of contents:
| Wasatch Rowing Foundation | |
| Employer Identification Number (EIN) | 275032179 |
| Name of Organization | Wasatch Rowing Foundation |
| Address | 2963 Current Creek Dr, South Jordan, UT 84095-7943 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2011 |
| 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 | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $15,903 |
| Amount of Income | $1,454 |
| Form 990 Revenue Amount | $1,454 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2013: $1,454 (it was $19,023 in 2012)
| Wasatch Rowing Foundation: | $1,454 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2013: $15,903 (it was $17,967 in 2012)
| Wasatch Rowing Foundation: | $15,903 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2013: $2,519
| Wasatch Rowing Foundation: | $2,519 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2013: 0.6
| This organization: | 0.6 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 99.2%
| This organization: | 99.2% |
| 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 | $1,650 | $19,023 | $1,454 |
| Contributions, gifts, grants, and similar amounts received | $1,650 | $19,005 | $1,443 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $18 | $11 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $6,233 | $10,221 | $2,519 |
| Total net assets | $-4,583 | $14,234 | $13,170 |
| Excess/Deficit for the year | $-4,583 | $8,801 | $-1,064 |
| Net assets or fund balances at beginning of year | $0 | $-4,583 | $14,234 |
| Other changes in net assets or fund balances | $0 | $10,016 | $0 |
| Net assets or fund balances at end of year | $14,234 | $13,170 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $150 | $17,967 | $15,903 |
| Total liabilities | $4,733 | $3,733 | $2,733 |
| Net assets or fund balances | $-4,583 | $14,234 | $13,170 |
| 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? | Yes | Yes | |
| Total amount involved | $3,733 | $2,733 | |
| 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 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 | 22,098 |
| 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 | $22,098 |
| Subtotal Support | $22,098 |
| Gifts, grants, contributions, and membership fees received | $22,098 |
| 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 | $22,127 |
| Public Support | $22,098 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $29 |
| 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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| 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 | Park City Sailing Association | PO BOX 981236, Park City, UT 84098-1236 | UT | 2010-07 | $388,950 |
| 3 | Utah Valley Aquatics Inc | PO BOX 1964, Provo, UT 84603-1964 | UT | 2005-02 | $197,418 |
| 4 | Dixie Aquatics Race Team Inc | 20 N Main St Ste 403, St George, UT 84770-5604 | UT | 2003-02 | $101,108 |
| 5 | Eagle Aquatic Team | PO BOX 9056, Salt Lake Cty, UT 84109-0056 | UT | 1991-07 | $76,898 |
| 6 | Salt Lake Figure Skating | PO BOX 58801, Salt Lake Cty, UT 84158-0801 | UT | 2006-03 | $51,909 |
| 7 | Utah Crew Inc | 1929 S Nevada St, Salt Lake Cty, UT 84108-3221 | UT | 2005-12 | $49,379 |
| 8 | Cottonwood Swimming Incorporated | 5715 S 1300 East, Murray, UT 84121 | UT | 2010-09 | $11,888 |
| 9 | Dolphin Swim Team | PO BOX 9271, Salt Lake Cty, UT 84109-0271 | UT | 2009-03 | $10,319 |
| 10 | West Valley Aquatics Inc | 3445 S Sunshade Dr, W Valley City, UT 84120-6756 | UT | 2012-09 | $6,132 |
| 11 | Wasatch Rowing Foundation | 2963 Current Creek Dr, South Jordan, UT 84095-7943 | UT | 2011-09 | $1,454 |
| 12 | Cache Valley Marlins Swim Team | 40 S 300 E, Logan, UT 84321-4706 | UT | 2009-08 | $0 |
| 13 | Greater Ogden Swimming Corporation, Gost | 1590 N 400 W, Harrisville, UT 84404 | UT | 2004-02 | $0 |
| 14 | Park City Aquatic Team Boosters Inc | Po Box 980580, Park City, UT 84098 | UT | 2012-07 | $0 |
| 15 | S L A P Diving School | 2944 Hartford St, Salt Lake Cty, UT 84106-3477 | UT | 1999-05 | $0 |
| 16 | Southwest Aquatic Team Inc | 2319 Jordan Haven Ct, South Jordan, UT 84095 | UT | 2007-06 | $0 |
| 17 | Sports Academy Marlins Booster Club, Cache Valley Marlins Swim Team | 255 S 800 E, Hyrum, UT 84319 | UT | 2000-12 | $0 |
| 18 | Us Swimming Inc, Utah | 184 E 5300 S, Murray, UT 84107-6075 | UT | 2006-03 | $0 |
| 19 | Utah County Water Polo | 2000 Canyon Rd, Springville, UT 84663-9522 | UT | 2013-06 | $0 |
| 20 | Utah Polo, Utah Water Polo | 13733 South Manas Way, Herriman, UT 84096 | UT | 2006-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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