Saipan Swim Club in Saipan, (international)

Saipan Swim Club
Employer Identification Number (EIN)	660665567
Name of Organization	Saipan Swim Club
Address	PO BOX 5100, Saipan
Subsection	Charitable Organization, Educational Organization
Ruling Date	07/2007
Deductibility	Contributions are deductible
Foundation	Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	08/2013
Assets	$10,000 to $24,999
Income	$25,000 to $99,999
Filing Requirement	990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount	$21,193
Amount of Income	$43,439
Form 990 Revenue Amount	$42,409
National Taxonomy of Exempt Entities (NTEE)	Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation

Non-representatives - add comments:

Amount of income in 2013: $43,439 (it was $36,374 in 2012)

This organization:	$43,439
Other organizations performing similar types of work:	$81,788

Assets in 2013: $21,193 (it was $15,403 in 2012)

Saipan Swim Club:	$21,193
Other organizations performing similar types of work:	$33,448

Expenses in 2013: $36,460

Saipan Swim Club:	$36,460
Other organizations performing similar types of work:	$75,206

Income to expenses ratio in 2013: 1.2

This organization:	1.2
Other organizations performing similar types of work:	0.9

Grants share in income in 2013: 2.4%

This organization:	2.4%
Other organizations performing similar types of work:	78.3%

Financial snapshot ($)

Revenue for 2013

	2011	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$28,728	$33,850	$42,409
Contributions, gifts, grants, and similar amounts received	$0	$100	$1,000
Program service revenue including government fees and contracts	$17,042	$10,939	$13,664
Membership dues and assessments	$9,948	$20,126	$20,507
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	$494	$1,279	$6,767
Gross income from gaming	$0	$0	$6,767
Gross income from fundraising events	$494	$1,279	$0
Less: direct expenses from gaming and fundraising events	$0	$0	$0
Gross profit/loss from sales of inventory	$1,242	$1,405	$470
Gross sales of inventory, less returns and allowances	$3,901	$3,929	$1,500
Less: cost of goods sold	$2,659	$2,524	$1,030
Other revenue	$2	$1	$1
Total expenses	$24,725	$31,282	$36,460
Total net assets	$12,596	$15,163	$21,112
Excess/Deficit for the year	$4,003	$2,567	$5,949
Net assets or fund balances at beginning of year	$8,593	$12,596	$15,163
Other changes in net assets or fund balances	$0	$0	$0
Net assets or fund balances at end of year		$15,163	$21,112

	2011	2012	2013
Balance Sheets
Total assets	$12,743	$15,403	$21,193
Total liabilities	$147	$240	$81
Net assets or fund balances	$12,596	$15,163	$21,112

	2011	2012	2013
Other Information
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

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	University Swim Club	Po Box 10442, Knoxville, TN 37939-0442	TN	2007-02	$43,203
2	Us Swimming Inc, Usa Swimming	1 Olympic Plaza, Colorado Springs, CO 80909	CO	2006-03	$40,777,941
3	Sea Scout Base Galveston	7509 Broadway St, Galveston, TX 77554-8921	TX	2012-02	$9,959,938
4	International Professional Surfing, Triple Crown Of Surfing	59-063 Hoalua St Apt A, Haleiwa, HI 96712-8721	HI	2013-11	$2,830,586
5	Seva Seahawks Booster Club	PO BOX 1781, Yorktown, VA 23692-1781	VA	1995-03	$2,663,053
6	Row New York	1027 46th Ave Ste 101, Long Is City, NY 11101-5202	NY	2002-03	$1,874,869
7	Katy Aquatic Team For Youth Inc, Katy Aquatics Summer Team	5506 First Street Ave, Katy, TX 77493	TX	2001-08	$1,788,163
8	New England Science & Sailing Foundation Inc	PO BOX 733, Stonington, CT 06378-0733	CT	2004-08	$1,387,535
9	Saratoga Rowing Association Inc	PO BOX 750, Saratoga Spgs, NY 12866-0750	NY	2001-06	$1,240,829
10	Sammamish Rowing Association	PO BOX 3309, Redmond, WA 98073-3309	WA	1995-10	$1,074,124
11	Saipan Swim Club	PO BOX 5100, Saipan	international	2007-07	$43,439
12	500 Sails	Pmb 326 Box 1001, Saipan	international	2014-11	$0
13	American Samoa Swimming Association	Po Box 3298, Pago Pago	international	2012-02	$0
14	Blue Marlins Swim Team Inc	PO BOX 24685, St Croix	international	2000-06	$0
15	Frederiksted Community Boating And Sailing School Inc	Po Box 24380, Christiansted	international	2010-02	$0
16	One Swim Inc	8168 Crown Bay 86 Ste 310, Charlotte Amalie	international	2003-07	$0
17	Pago Pago Yacht Club	PO BOX 1507, Pago Pago	international	2010-12	$0
18	Pala Lagoon Swimming Center Inc	PO BOX 36, Pago Pago	international	2015-03	$0
19	St John Aquatic Association Inc	5000 Estate Enighed Pmb 48, St John	international	2015-03	$0
20	St John Yacht Club	Po Box 35, St John	international	2011-09	$0

Number of organizations performing similar types of work

Alaska	27
Alabama	20
Arkansas	10
Arizona	45
California	413
Colorado	64
Connecticut	38
District of Columbia	6
Delaware	9
Florida	173
Georgia	37
Hawaii	57
Iowa	23
Idaho	15
Illinois	66
Indiana	74
Kansas	16
Kentucky	34
Louisiana	13
Massachusetts	62
Maryland	71
Maine	14
Michigan	92
Minnesota	45
Missouri	36
Mississippi	8

Montana	11
North Carolina	65
North Dakota	3
Nebraska	11
New Hampshire	23
New Jersey	52
New Mexico	18
Nevada	17
New York	143
Ohio	77
Oklahoma	9
Oregon	52
Pennsylvania	94
Rhode Island	8
South Carolina	17
South Dakota	13
Tennessee	36
Texas	216
Utah	22
Virginia	101
Vermont	8
Washington	79
Wisconsin	78
West Virginia	8
Wyoming	12
International	10

Total

2,651

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