United States Parachute Team in Fredericksberg, Virginia (VA)
Table of contents:
| United States Parachute Team | |
| Employer Identification Number (EIN) | 521070173 |
| Name of Organization | United States Parachute Team |
| In Care of Name | Edward Scott |
| Address | 5401 Southpoint Centre Blvd, Fredericksberg, VA 22407 |
| Activities | Other sports or athletic activities |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/1977 |
| 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 | 2011 |
| 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 | $21,552 |
| Amount of Income | $729 |
| Form 990 Revenue Amount | $709 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Amateur Sports Competitions |
Non-representatives - add comments:
Amount of income in 2011: $729 (it was $709 in 2013)
| This organization: | $729 |
| Other organizations performing similar types of work: | $267,199 |
Assets in 2011: $21,552 (it was $21,552 in 2013)
| This organization: | $21,552 |
| Other organizations performing similar types of work: | $97,937 |
Expenses in 2013: $3,787
| United States Parachute Team: | $3,787 |
| Other organizations performing similar types of work: | $223,347 |
Income to expenses ratio in 2013: 0.2
| United States Parachute Team: | 0.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 94.4%
| United States Parachute Team: | 94.4% |
| Other organizations performing similar types of work: | 41.9% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $76,184 | $709 |
| Contributions, gifts, grants, and similar amounts received | $76,045 | $669 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $139 | $40 |
| Gross sales of inventory, less returns and allowances | $205 | $60 |
| Less: cost of goods sold | $66 | $20 |
| Other revenue | $0 | $0 |
| Total expenses | $75,326 | $3,787 |
| Total net assets | $-1,318 | $-4,396 |
| Excess/Deficit for the year | $858 | $-3,078 |
| Net assets or fund balances at beginning of year | $-2,176 | $-1,318 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $-1,318 | $-4,396 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $11,675 | $21,552 |
| Total liabilities | $12,993 | $25,948 |
| Net assets or fund balances | $-1,318 | $-4,396 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 | 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 | $76,914 |
| Subtotal Support | $76,914 |
| Gifts, grants, contributions, and membership fees received | $76,914 |
| 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 | $76,914 |
| Public Support | $76,914 |
| 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. | $415 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | United States Judo Inc | 1 Olympic Plz Bldg 6, Colorado Spgs, CO 80909-5781 | CO | 1982-12 | $3,251,304 |
| 2 | South Atlantic Conference | 226 N Park Dr, Rock Hill, SC 29730-4292 | SC | 1990-09 | $1,488,346 |
| 3 | South Texas Youth Soccer Assocation, Eastern District Division One Assoc | 15731 Bougainvilla Ln, Friendswood, TX 77546-2913 | TX | 1979-08 | $987,488 |
| 4 | Pittsburgh Elite Volleyball Association | 5395 Hacienda Dr, Pittsburgh, PA 15236-2803 | PA | 1998-09 | $923,585 |
| 5 | Section One Inc | 450 Mamaroneck Avenue, Harrison, NY 10528-2400 | NY | 1984-08 | $890,320 |
| 6 | West Central District 3 Of The Wash Interscholastic Activity Assn | PO BOX 739, Maple Valley, WA 98038-0739 | WA | 1983-02 | $552,930 |
| 7 | Sun Devil Gymnastics Booster Club | 1871 W Mulberry Dr, Chandler, AZ 85286-6847 | AZ | 1994-09 | $527,245 |
| 8 | Us Swimming Inc, Niagara Swim Committee | 4988 Long Acre Dr, Syracuse, NY 13215-2319 | NY | 2006-03 | $513,046 |
| 9 | Shoop Sports And Youth Foundation Inc | PO BOX 332, North Webster, IN 46555-0332 | IN | 1971-03 | $471,043 |
| 10 | Severna Park Swimming Association Inc | 623 Baltimore Annapolis Blvd, Severna Park, MD 21146-3941 | MD | 1995-04 | $410,574 |
| 11 | Us Swimming Inc, New England | 47 May St, Needham, MA 02492-3109 | MA | 2006-03 | $397,066 |
| 12 | Us Swimming Inc, Georgia | 558 Chestnut Hill Ct, Woodstock, GA 30189-6765 | GA | 2006-03 | $345,211 |
| 13 | Us Swimming Inc, Midwestern | 2022 S 182nd Avenue Cir, Omaha, NE 68130-2776 | NE | 2006-03 | $306,074 |
| 14 | Transpacific Yacht Club | 1508 Santiago Dr, Newport Beach, CA 92660-4948 | CA | 1997-06 | $302,710 |
| 15 | United States Luge Federation Foundation Inc | 57 Church St, Lake Placid, NY 12946-1805 | NY | 1988-04 | $243,647 |
| 16 | Underwater Society Of America Inc, Usoa | 53c Appian Way, South San Francisco, CA 94080 | CA | 1980-09 | $108,744 |
| 17 | The Koroibos Foundation | Post Office Box 50107, Pasadena, CA 91115 | CA | 1995-11 | $97,475 |
| 18 | Trojan Swim Club | 21762 Quiet Oak Dr, Lake Forest, CA 92630-2449 | CA | 1995-06 | $84,436 |
| 19 | Virginia Boat Club | PO BOX 8468, Richmond, VA 23226-0468 | VA | 1996-11 | $74,401 |
| 20 | United States Parachute Team | 5401 Southpoint Centre Blvd, Fredericksberg, VA 22407 | VA | 1977-03 | $729 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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