Valdez Swim Club Inc in Valdez, Alaska (AK)

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Valdez Swim Club Inc
Employer Identification Number (EIN)920152408
Name of OrganizationValdez Swim Club Inc
AddressPO BOX 3106, Valdez, AK 99686-3106
ActivitiesDescribed in section 509(a)(2) of the Code, Swimming or tennis club
SubsectionCharitable Organization
Ruling Date08/1995
DeductibilityContributions are deductible
FoundationOrganization 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
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$25,827
Amount of Income$65,026
Form 990 Revenue Amount$65,026
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation


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Amount of income in 2014: $65,026 (it was $54,578 in 2013)
Valdez Swim Club Inc: 

 $65,026
Other organizations performing similar types of work: 

 $81,788

Assets in 2014: $25,827 (it was $27,347 in 2013)
This organization: 

 $25,827
Other organizations performing similar types of work: 

 $33,448

Expenses in 2013: $53,697
Valdez Swim Club Inc: 

 $53,697
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: 55.7%
Valdez Swim Club Inc: 

 55.7%
Other organizations performing similar types of work: 

 78.3%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$47,305$41,840$54,578
Contributions, gifts, grants, and similar amounts received$28,612$29,042$30,417
Program service revenue including government fees and contracts$4,497$3,462$7,886
Membership dues and assessments$0$0$0
Investment income$7$1$1
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$12,265$9,376$17,304
Gross income from gaming$0$0$0
Gross income from fundraising events$12,417$9,376$17,304
Less: direct expenses from gaming and fundraising events$152$0$0
Gross profit/loss from sales of inventory$1,924$-41$-1,030
Gross sales of inventory, less returns and allowances$1,924$160$1,194
Less: cost of goods sold$0$201$2,224
Other revenue$0$0$0
Total expenses$57,438$40,226$53,697
Total net assets$23,462$25,069$25,949
Excess/Deficit for the year$-10,133$1,614$881
Net assets or fund balances at beginning of year$33,595$23,455$25,068
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$25,069$25,949
Balance Sheets
201120122013
Total assets$24,634$26,055$27,347
Total liabilities$1,172$986$1,398
Net assets or fund balances$23,462$25,069$25,949
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$169,325
Subtotal Support$169,325
Gifts, grants, contributions, and membership fees received$169,325
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$231,271
Public Support$169,325
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$61,946
Gross receipts from related activities, etc.$7,887
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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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