Virginia Fly Fishing Festival Incorporated in Waynesboro, Virginia (VA)
Table of contents:
| Virginia Fly Fishing Festival Incorporated | |
| Employer Identification Number (EIN) | 202802281 |
| Name of Organization | Virginia Fly Fishing Festival Incorporated |
| In Care of Name | Leonard B Poulin |
| Address | 110 N Wayne Ave, Waynesboro, VA 22980-4524 |
| Subsection | Social Welfare Organization |
| Ruling Date | 03/2013 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $36,079 |
| Amount of Income | $70,926 |
| Form 990 Revenue Amount | $53,207 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Fishing, Hunting Clubs |
Non-representatives - add comments:
Amount of income in 2013: $70,926 (it was $9,632 in 2012)
| This organization: | $70,926 |
| Other organizations performing similar types of work: | $55,670 |
Assets in 2013: $36,079 (it was $49,200 in 2012)
| Virginia Fly Fishing Festival Incorporated: | $36,079 |
| Other organizations performing similar types of work: | $68,626 |
Expenses in 2013: $53,892
| Virginia Fly Fishing Festival Incorporated: | $53,892 |
| Other organizations performing similar types of work: | $38,371 |
Income to expenses ratio in 2013: 1.3
| Virginia Fly Fishing Festival Incorporated: | 1.3 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 3.8%
| Virginia Fly Fishing Festival Incorporated: | 3.8% |
| Other organizations performing similar types of work: | 1.3% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $9,632 | $53,207 |
| Contributions, gifts, grants, and similar amounts received | $5,826 | $2,000 |
| Program service revenue including government fees and contracts | $3,462 | $48,366 |
| 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 | $1,599 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $0 | $15,386 |
| Less: direct expenses from gaming and fundraising events | $0 | $13,787 |
| Gross profit/loss from sales of inventory | $0 | $259 |
| Gross sales of inventory, less returns and allowances | $0 | $4,191 |
| Less: cost of goods sold | $0 | $3,932 |
| Other revenue | $344 | $983 |
| Total expenses | $12,353 | $53,892 |
| Total net assets | $31,894 | $31,209 |
| Excess/Deficit for the year | $-2,721 | $-685 |
| Net assets or fund balances at beginning of year | $34,615 | $31,894 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $31,894 | $31,209 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $49,200 | $36,079 |
| Total liabilities | $17,306 | $4,870 |
| Net assets or fund balances | $31,894 | $31,209 |
| 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? | Yes | Yes |
| Total amount involved | $46,680 | $18,305 |
| 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: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Quantico Shooting Club Inc | PO BOX 212, Quantico, VA 22134-0212 | VA | 2002-04 | $82,349 |
| 2 | Virginia Fly Fishing Festival Incorporated | 110 N Wayne Ave, Waynesboro, VA 22980-4524 | VA | 2013-03 | $70,926 |
| 3 | Rockbridge Hunt Inc | PO BOX 19100, Roanoke, VA 24019-1010 | VA | 1990-10 | $70,772 |
| 4 | Virginia B A S S Chapter Federation | 29025 Freeman Dr, Carrsville, VA 23315-3913 | VA | 2014-01 | $68,497 |
| 5 | Reel American Heroes Foundation | 14628 Ely Court, Dale City, VA 22193 | VA | 2011-02 | $61,643 |
| 6 | Carrsville Hunt Club Inc | 20 Virginia Ave, Windsor, VA 23487-9606 | VA | 2014-07 | $35,740 |
| 7 | Virginia Firearms Education And Marksmanship Inc | 406 Upham Pl Nw, Vienna, VA 22180-4126 | VA | 2003-10 | $4,083 |
| 8 | Fauquier Junior Gun Club Inc | PO BOX 86, Midland, VA 22728-0086 | VA | 2002-10 | $1,200 |
| 9 | Arrington Fishing Club Inc | 15231 Providence Woods Lane, Petersburg, VA 23805 | VA | 2004-02 | $0 |
| 10 | Bgh Sportsmen For Veterans | 295 Lackey Hill Rd, Bassett, VA 24055 | VA | 2014-08 | $0 |
| 11 | Black Creek Hunt Club Inc | 11180 Ivor Rd, Ivor, VA 23866 | VA | 2013-03 | $0 |
| 12 | Community Hunting Club Inc | 114 Mil-Scott Rd, Farmville, VA 23901 | VA | 2003-03 | $0 |
| 13 | County Line Hunt Club | PO BOX 431, Shacklefords, VA 23156 | VA | 2000-05 | $0 |
| 14 | Delaware Hunt Club | 29168 Hunt Club Rd, Courtland, VA 23837 | VA | 2014-01 | $0 |
| 15 | Dutch Hollow Hunt Club Inc | 24130 Deep Hollow Lane, Aldie, VA 20105 | VA | 2011-09 | $0 |
| 16 | Green Bow Foundation | 7009 Justin Court East, Remington, VA 22734 | VA | 2014-09 | $0 |
| 17 | Hero On The Bay Inc, Hero On The Bay | 924 Chimo Ct, Virginia Bch, VA 23454-6735 | VA | 2009-03 | $0 |
| 18 | Hughes Draft Inc | 750 E Morris Hill Road, Covington, VA 24426 | VA | 2003-06 | $0 |
| 19 | Meherrin Valley Hunt Club Inc | P O Box 71, Boykins, VA 23827 | VA | 2001-01 | $0 |
| 20 | New River Forest Co | Po Box 826, Blacksburg, VA 24063 | VA | 1999-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,468 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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