Crescendo Club Library Association Inc in Jeffersonvlle, Vermont (VT)

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Crescendo Club Library Association Inc
Employer Identification Number (EIN)030301291
Name of OrganizationCrescendo Club Library Association Inc
AddressPO BOX 198, Jeffersonvlle, VT 05464-0198
ActivitiesOther cultural or historical activities, Literary activities, Library
SubsectionLiterary Organization, Educational Organization, Charitable Organization
Ruling Date01/1989
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$246,124
Amount of Income$63,563
Form 990 Revenue Amount$59,089


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Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$49,875$51,487$59,089
Contributions, gifts, grants, and similar amounts received$44,946$43,703$49,927
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$2,490$2,337$2,833
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$2,404$5,390$6,261
Gross income from gaming$0$0$0
Gross income from fundraising events$4,044$7,851$10,735
Less: direct expenses from gaming and fundraising events$1,640$2,461$4,474
Gross profit/loss from sales of inventory$0$0$0
Other revenue$35$57$68
Total expenses$59,659$52,048$51,410
Total net assets$219,972$223,135$245,745
Excess/Deficit for the year$-9,784$-561$7,679
Net assets or fund balances at beginning of year$220,793$219,972$223,135
Other changes in net assets or fund balances$8,963$3,724$14,931
Net assets or fund balances at end of year$223,135$245,745
Balance Sheets
201120122013
Total assets$221,023$223,523$246,124
Total liabilities$1,051$388$379
Net assets or fund balances$219,972$223,135$245,745
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
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$196,799
Subtotal Support$196,799
Gifts, grants, contributions, and membership fees received$40,093
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$156,706
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$235,214
Public Support$196,799
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$12,157
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$26,258
Gross receipts from related activities, etc.$0
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