Olympia Area Rowing Association in Olympia, Washington (WA)
Table of contents:
Olympia Area Rowing Association | |
Employer Identification Number (EIN) | 911939589 |
Name of Organization | Olympia Area Rowing Association |
In Care of Name | Michael L Bahn 6 |
Address | PO BOX 7148, Olympia, WA 98507-7148 |
Subsection | Educational Organization |
Ruling Date | 07/1999 |
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 | $100,000 to $499,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $373,910 |
Amount of Income | $152,901 |
Form 990 Revenue Amount | $152,701 |
National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2013: $152,901 (it was $152,094 in 2012)
This organization: | $152,901 |
Other organizations performing similar types of work: | $81,788 |
Assets in 2013: $373,910 (it was $468,945 in 2012)
This organization: | $373,910 |
Other organizations performing similar types of work: | $33,448 |
Expenses in 2013: $170,500
This organization: | $170,500 |
Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2013: 0.9
Olympia Area Rowing Association: | 0.9 |
Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 16.3%
Olympia Area Rowing Association: | 16.3% |
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 | $114,229 | $149,763 | $152,701 |
Contributions, gifts, grants, and similar amounts received | $8,968 | $32,608 | $24,927 |
Program service revenue including government fees and contracts | $29,891 | $31,472 | $103,015 |
Membership dues and assessments | $72,398 | $85,372 | $24,747 |
Investment income | $0 | $0 | $0 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $2,267 | $25 | $0 |
Gross profit/loss from sales of inventory | $705 | $286 | $0 |
Gross sales of inventory, less returns and allowances | $3,809 | $2,072 | $200 |
Less: cost of goods sold | $3,104 | $1,786 | $200 |
Other revenue | $0 | $0 | $12 |
Total expenses | $112,726 | $126,918 | $170,500 |
Total net assets | $344,172 | $366,405 | $275,456 |
Excess/Deficit for the year | $1,503 | $22,845 | $-17,799 |
Net assets or fund balances at beginning of year | $341,003 | $344,172 | $366,405 |
Other changes in net assets or fund balances | $1,666 | $-612 | $-73,150 |
Net assets or fund balances at end of year | $366,405 | $275,456 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $453,144 | $468,945 | $373,910 |
Total liabilities | $108,972 | $102,540 | $98,454 |
Net assets or fund balances | $344,172 | $366,405 | $275,456 |
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 | $610,831 |
Subtotal | $635,528 |
Gifts, grants, contributions, and membership fees received | $366,609 |
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 | $268,919 |
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 | $24,697 |
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 | $24,697 |
Total support | $635,528 |
Public support | $635,528 |
Subtotal | $0 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
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 | $0 |
Other income | $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 | Sammamish Rowing Association | PO BOX 3309, Redmond, WA 98073-3309 | WA | 1995-10 | $1,074,124 |
3 | View Ridge Swim And Tennis Club Inc | PO BOX 51079, Seattle, WA 98115-1079 | WA | 1999-04 | $904,196 |
4 | Spokane Waves Aquatic Association | PO BOX 28066, Spokane, WA 99228-8066 | WA | 2000-05 | $319,719 |
5 | Whitewater Aquatics Management, Evergreen Community Aquatic Center | PO BOX 46517, Seattle, WA 98146-0517 | WA | 2013-04 | $299,552 |
6 | Whitewater Aquatics | PO BOX 48079, Seattle, WA 98148-0079 | WA | 2004-03 | $217,254 |
7 | Rain City Water Polo Club | PO BOX 874, Bellevue, WA 98009-0874 | WA | 2012-04 | $212,939 |
8 | Northwest Amateur Sailing And Racing Association | 1807 E Hamlin St, Seattle, WA 98112-2005 | WA | 2013-03 | $207,104 |
9 | Tornados Swim Team | PO BOX 61607, Vancouver, WA 98666-1607 | WA | 2007-12 | $132,579 |
10 | Triangle Pool Inc | PO BOX 1081, Bellevue, WA 98009-1081 | WA | 2014-08 | $111,724 |
11 | Poulsbo Piranhas Swim Team Booster Club | Po Box 1284, Poulsbo, WA 98370 | WA | 2008-01 | $109,248 |
12 | Vancouver Lake Crew | PO BOX 421, Vancouver, WA 98666-0421 | WA | 2002-06 | $106,472 |
13 | Everett Salmon Association | PO BOX 12694, Everett, WA 98206-2694 | WA | 2013-11 | $99,575 |
14 | Keep Our Pool | PO BOX 975, Centralia, WA 98531-0975 | WA | 2012-03 | $79,364 |
15 | Pacific Northwest Association Of Synchronized Swimming | 16029 Se 7th St, Bellevue, WA 98008-4911 | WA | 2013-01 | $63,993 |
16 | Manta Ray Aquatics | PO BOX 452, Moses Lake, WA 98837-0071 | WA | 2014-09 | $63,125 |
17 | Sail Orcas-A Sailing Education Foundation | PO BOX 1226, Eastsound, WA 98245-1226 | WA | 2002-10 | $53,998 |
18 | Gig Harbor Yacht Club Junior Sail | PO BOX 22, Gig Harbor, WA 98335 | WA | 2010-07 | $51,172 |
19 | Ohana Swim Team | 2522 N Proctor Po Box 195, Tacoma, WA 98406 | WA | 2009-04 | $47,012 |
20 | Queen City Junior Yacht Club | 2608 Boyer Ave E, Seattle, WA 98102-3905 | WA | 2006-01 | $44,608 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 2,651 |
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