Kobuk 440 Racing Association Inc in Kotzebue, Alaska (AK)
Table of contents:
| Kobuk 440 Racing Association Inc | |
| Employer Identification Number (EIN) | 461672915 |
| Name of Organization | Kobuk 440 Racing Association Inc |
| In Care of Name | Mike Oliver |
| Address | PO BOX 410, Kotzebue, AK 99752-0410 |
| Subsection | Educational Organization |
| Ruling Date | 02/2014 |
| 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 | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $15,740 |
| Amount of Income | $77,092 |
| Form 990 Revenue Amount | $77,092 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Cultural, Ethnic Awareness |
Non-representatives - add comments:
Amount of income in 2013: $77,092
| This organization: | $77,092 |
| Other organizations performing similar types of work: | $43,086 |
Assets in 2013: $15,740
| Kobuk 440 Racing Association Inc: | $15,740 |
| Other organizations performing similar types of work: | $17,937 |
Expenses in 2013: $72,091
| This organization: | $72,091 |
| Other organizations performing similar types of work: | $32,859 |
Income to expenses ratio in 2013: 1.1
| Kobuk 440 Racing Association Inc: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 95.6%
| Kobuk 440 Racing Association Inc: | 95.6% |
| Other organizations performing similar types of work: | 78.0% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $77,092 |
| Contributions, gifts, grants, and similar amounts received | $73,670 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $3,422 |
| Total expenses | $72,091 |
| Total net assets | $15,740 |
| Excess/Deficit for the year | $5,001 |
| Net assets or fund balances at beginning of year | $3,362 |
| Other changes in net assets or fund balances | $7,377 |
| Net assets or fund balances at end of year | $15,740 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $15,740 |
| Total liabilities | $0 |
| Net assets or fund balances | $15,740 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | 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 |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $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 |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
| 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 supported | 0 |
| 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 | $141,903 |
| Subtotal Support | $141,903 |
| Gifts, grants, contributions, and membership fees received | $141,903 |
| 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 |
| 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 | $145,325 |
| Public Support | $141,903 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | $3,422 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Salvadoran Alliance Of New York Inc, Sany | 303 Crooked Hill Rd, Brentwood, NY 11717-1022 | NY | 2007-12 | $81,900 |
| 2 | The Alutiiq Heritage Endowment | 4300 B Street, Anchorage, AK 99503-5925 | AK | 2001-11 | $331,826 |
| 3 | Jilkatt Kwann Cultural Heritage Center - Bald Eagle Observatory, Klukwan Tribal Tours | Po Box 976 32 Chilkat Ave Klukwan, Haines, AK 99827 | AK | 2003-03 | $78,314 |
| 4 | Kobuk 440 Racing Association Inc | PO BOX 410, Kotzebue, AK 99752-0410 | AK | 2014-02 | $77,092 |
| 5 | Korean American Community Of Anchorage Inc | 3630 Jewel Lake Rd, Anchorage, AK 99502-1028 | AK | 2013-01 | $68,330 |
| 6 | Korean Community Of Fairbanks | 1500 Airport Way, Fairbanks, AK 99701 | AK | 2014-10 | $4,900 |
| 7 | Afn Education Fund | 1577 C St Ste 300, Anchorage, AK 99501-5133 | AK | 2013-05 | $0 |
| 8 | African Association Of Alaska | 909 E 12th Ave Apt1, Anchorage, AK 99501 | AK | 2014-08 | $0 |
| 9 | Alaska Native Heritage Month Inc | 645 G Street Suite 100 Box 523, Anchorage, AK 99501 | AK | 2014-07 | $0 |
| 10 | Alaskans For Diversity | PO BOX 222434, Anchorage, AK 99522-2434 | AK | 2006-10 | $0 |
| 11 | Awakening Spiritual Unity | 200 W 34th 29, Anchorage, AK 99503 | AK | 2013-12 | $0 |
| 12 | Filipino American Society Of Fairbanks | P O Box 83941, Fairbanks, AK 99708 | AK | 2009-06 | $0 |
| 13 | Fred Holmberg Ministry | 6829 Queens View Cir, Anchorage, AK 99504-5203 | AK | 2010-07 | $0 |
| 14 | Hmong Alaska Community Center Inc | 171 Muldoon Road Suite 101 102, Anchorage, AK 99504 | AK | 2009-03 | $0 |
| 15 | Polynesian Community Center | PO BOX 140295, Anchorage, AK 99514 | AK | 2013-11 | $0 |
| 16 | Qerrulligmiut Foundation | Po Box 20207, Kotlik, AK 99620 | AK | 2001-04 | $0 |
| 17 | Qizhjeh Heritage Institute | 1577 C Street Suite 302, Anchorage, AK 99501 | AK | 2014-03 | $0 |
| 18 | Quinhagak Heritage Inc | Po Box 69, Quinhagak, AK 99655 | AK | 2015-02 | $0 |
| 19 | Sitka Kaagwaantaan Inc | 411-A Verstovia St, Sitka, AK 99835 | AK | 2008-10 | $0 |
| 20 | Tsedi Na Foundation | Po Box 10, Chitina, AK 99566 | AK | 2013-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 6,599 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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