Virginia Beach Mustangs Sports Club in Virginia Bch, Virginia (VA)
Table of contents:
| Virginia Beach Mustangs Sports Club | |
| Employer Identification Number (EIN) | 208778531 |
| Name of Organization | Virginia Beach Mustangs Sports Club |
| In Care of Name | Angela Sims |
| Address | 2909 Sour Gum Ct, Virginia Bch, VA 23453-7042 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 09/2010 |
| 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 | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $4,930 |
| Amount of Income | $6,025 |
| Form 990 Revenue Amount | $6,025 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Amateur Sports Clubs, Leagues, (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $5,458 | $7,736 | $6,025 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $5,338 | $7,730 | $6,017 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $30 | $0 | $8 |
| 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 | $90 | $6 | $0 |
| Total expenses | $6,423 | $6,544 | $9,438 |
| Total net assets | $1,124 | $2,316 | $4,930 |
| Excess/Deficit for the year | $-965 | $1,192 | $-3,413 |
| Net assets or fund balances at beginning of year | $2,089 | $1,124 | $8,343 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $2,316 | $4,930 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $4,124 | $2,316 | $4,930 |
| Total liabilities | $3,000 | $0 | $0 |
| Net assets or fund balances | $1,124 | $2,316 | $4,930 |
| 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? | No | No | |
| Total amount involved | $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? | 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: (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 | $34,793 |
| Subtotal | $34,793 |
| Gifts, grants, contributions, and membership fees received | $21,410 |
| 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 | $13,383 |
| 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 | $34,987 |
| Public support | $34,793 |
| Subtotal | $104 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $104 |
| 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 | $90 |
| Other income | $0 |
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| Other organizations in Virginia | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Virginia Beach City Public Schools Education Foundation Inc | 2512 George Mason Dr, Virginia Bch, VA 23456-9105 | VA | 1993-02 | $504,989 |
| 2 | Virginia Beach Chorale | 420 Thalia Rd, Virginia Beach, VA 23452-1852 | VA | 1965-01 | $0 |
| 3 | Virginia Beach Community Development Corporation | 2400 Potters Road, Virginia Beach, VA 23454-4377 | VA | 1987-08 | $4,880,013 |
| 4 | Virginia Beach County Farm Bureau | 1057 Princess Anne Rd, Virginia Bch, VA 23457-1416 | VA | 1967-04 | $158,575 |
| 5 | Virginia Beach Court Appointed Special Advocate Program Inc | J And Drc 2425 Nimmo Pkwy, Virginia Beach, VA 23456 | VA | 1994-10 | $333,952 |
| 6 | Virginia Beach Hotel Association | 1023 Laskin Rd Ste 111, Virginia Bch, VA 23451-6302 | VA | 1989-10 | $322,228 |
| 7 | Virginia Beach Library Foundation | Municipal Center 2416 Courthouse D, Virginia Beach, VA 23456 | VA | 2010-08 | $1,321,952 |
| 8 | Virginia Beach Lifeguard Association Inc | 604 Shoreham Ct Apt 201, Virginia Bch, VA 23451-4168 | VA | 1991-10 | $39,547 |
| 9 | Virginia Beach Maritime Museum Inc, Old Coast Guard Station | PO BOX 1035, Virginia Bch, VA 23451-0035 | VA | 1982-04 | $211,066 |
| 10 | Virginia Beach Medical Society Alliance Inc | 3141 Little Haven Rd, Virginia Bch, VA 23452-6176 | VA | 2007-01 | $54,055 |
| 11 | Virginia Beach Mustangs Sports Club | 2909 Sour Gum Ct, Virginia Bch, VA 23453-7042 | VA | 2010-09 | $6,025 |
| 12 | Virginia Beach Restaurant Association | PO BOX 8066, Virginia Bch, VA 23450-8066 | VA | 2001-06 | $132,052 |
| 13 | Virginia Beach Rifle & Pistol Club | PO BOX 62544, Virginia Bch, VA 23466-2544 | VA | 1982-09 | $12,475 |
| 14 | Virginia Beach Rotary Club Foundation | PO BOX 2256, Virginia Beach, VA 23450 | VA | 1972-10 | $0 |
| 15 | Virginia Beach Shag Club Inc | Po Box 3098, Virginia Beach, VA 23454-3098 | VA | 1991-06 | $17,165 |
| 16 | Virginia Beach Sports Club Athletic Scholarship Fund | Po Box 763, Virginia Beach, VA 23451 | VA | 1980-04 | $59,722 |
| 17 | Virginia Beach Travel Soccer Inc Beach F C | 3200 Dam Neck Rd Ste 104, Virginia Bch, VA 23453-2632 | VA | 1991-02 | $1,766,974 |
| 18 | Virginia Beach Vision Inc | 5101 Cleveland St Ste 202, Virginia Bch, VA 23462-6577 | VA | 1995-01 | $172,954 |
| 19 | Virginia Beach Volleyball Academy | 2020 Landstown Centre Way, Virginia Beach, VA 23456 | VA | 2007-03 | $2,044,208 |
| 20 | Virginia Beach Volunteer Water Rescue Team Inc | 223 63rd Street, Virginia Beach, VA 23451 | VA | 2002-09 | $0 |
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