Midnight Sun Swim Team Inc in Fairbanks, Alaska (AK)

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Midnight Sun Swim Team Inc
Employer Identification Number (EIN)920091523
Name of OrganizationMidnight Sun Swim Team Inc
AddressPO BOX 83625, Fairbanks, AK 99708-3625
ActivitiesSwimming or tennis club, Described in section 509(a)(2) of the Code
SubsectionEducational Organization
Ruling Date07/1985
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$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$103,778
Amount of Income$232,547
Form 990 Revenue Amount$222,017
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation


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Amount of income in 2013: $232,547 (it was $154,888 in 2012)
This organization: 

 $232,547
Other organizations performing similar types of work: 

 $81,788

Assets in 2013: $103,778 (it was $38,972 in 2012)
Midnight Sun Swim Team Inc: 

 $103,778
Other organizations performing similar types of work: 

 $33,448

Expenses in 2012: $159,016
Midnight Sun Swim Team Inc: 

 $159,016
Other organizations performing similar types of work: 

 $75,206

Income to expenses ratio in 2012: 1.5
This organization: 

 1.5
Other organizations performing similar types of work: 

 0.9

Grants share in income in 2012: 8.5%
Midnight Sun Swim Team Inc: 

 8.5%
Other organizations performing similar types of work: 

 78.3%

Financial snapshot ($)

Revenue for 2012

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$154,497
Contributions, gifts, grants, and similar amounts received$13,108
Program service revenue including government fees and contracts$56,085
Membership dues and assessments$81,553
Investment income$1
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$3,750
Gross income from gaming$4,141
Gross income from fundraising events$0
Less: direct expenses from gaming and fundraising events$391
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$159,016
Total net assets$38,639
Deficit for the year$-4,519
Net assets or fund balances at beginning of year$43,158
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$38,972
Total liabilities$333
Net assets or fund balances$38,639
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesYes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$684,308
Gifts, grants, contributions, and membership fees received$413,598
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$175,128
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$26
Other$95,556
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$235,931$0$23,593
Gross receipts or sales less returns and allowances$23,593$0$0
Cost of goods sold$0$0$0
Gross profit$235,931$0$23,593
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$21,640
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$21,640
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$1,953
Net operating loss deduction$1,953
Unrelated business taxable income before specific deduction$0
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1University Swim ClubPo Box 10442, Knoxville, TN 37939-0442TN2007-02$43,203
2Viking Swim Club IncPO BOX 1257, Petersburg, AK 99833-1257AK1996-04$391,478
3Stingray Swim TeamPO BOX 72301, Fairbanks, AK 99707-2301AK2002-03$113,093
4Seward Tsunami Swim ClubPo Box 2328, Seward, AK 99664AK2009-02$83,832
5Valdez Swim Club IncPO BOX 3106, Valdez, AK 99686-3106AK1995-08$65,026
6Cordova Iceworm Swim TeamPo Box 1484, Cordova, AK 99574AK2009-09$10,491
7Alaska Sailing ClubP O Box 92554, Anchorage, AK 99509AK2009-02$0
8Alaska Springboard Diving Association Incorporated205 E Dimond Blvd 531, Anchorage, AK 99515AK2010-02$0
9Alaska Swimamerica Foundation3235 South Cir, Anchorage, AK 99507-3960AK2003-10$0
10Craig Waverunners Swim ClubPO BOX 877, Craig, AK 99921-0877AK2014-12$0
11Juneau Aurora Knights Synchronized Swimming Team3750 Glacier Highway, Juneau, AK 99801AK2001-05$0
12Kenai Crewsers Rowing ClubPo Box 2863, Seward, AK 99664AK2006-08$0
13Nome Northstar Swim TeamPo Box 1117, Nome, AK 99762AK2003-01$0
14Sitka Sound Aquatics Booster ClubPO BOX 6445, Sitka, AK 99835AK2012-01$0
15Sockeye Swim LeaguePO BOX 497, Naknek, AK 99633-0497AK2004-09$0
16South Anchorage Swimming & Diving Boosters Inc342 Orchid Circle, Anchorage, AK 99515AK2007-02$0
17Swim Alaska Foundation IncPO BOX 220008, Anchorage, AK 99522-0008AK2014-03$0
18Swim Like A Fish FoundationPo Box 221614, Anchorage, AK 99522AK2007-09$0
19Us Swimming Inc, Alaska12515 Auke Nu Dr, Juneau, AK 99801-8639AK2006-03$0
20Valdez Synchronized Swimming Booster ClubPo Box 2015, Valdez, AK 99686AK2012-02$0
Number of organizations performing similar types of work
Alaska27
Alabama20
Arkansas10
Arizona45
California413
Colorado64
Connecticut38
District of Columbia6
Delaware9
Florida173
Georgia37
Hawaii57
Iowa23
Idaho15
Illinois66
Indiana74
Kansas16
Kentucky34
Louisiana13
Massachusetts62
Maryland71
Maine14
Michigan92
Minnesota45
Missouri36
Mississippi8
Montana11
North Carolina65
North Dakota3
Nebraska11
New Hampshire23
New Jersey52
New Mexico18
Nevada17
New York143
Ohio77
Oklahoma9
Oregon52
Pennsylvania94
Rhode Island8
South Carolina17
South Dakota13
Tennessee36
Texas216
Utah22
Virginia101
Vermont8
Washington79
Wisconsin78
West Virginia8
Wyoming12
International10
Total2,651

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