Mountain Home Area Lions Basketball in Mountain Home, Arkansas (AR)
Table of contents:
| Mountain Home Area Lions Basketball | |
| Employer Identification Number (EIN) | 371588766 |
| Name of Organization | Mountain Home Area Lions Basketball |
| In Care of Name | Teresa Wehmeyer |
| Address | PO BOX 1287, Mountain Home, AR 72654-1287 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2014 |
| 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 | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $1,906 |
| Amount of Income | $25,748 |
| Form 990 Revenue Amount | $25,140 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Basketball |
Non-representatives - add comments:
Amount of income in 2013: $25,748 (it was $26,450 in 2009)
| Mountain Home Area Lions Basketball: | $25,748 |
| Other organizations performing similar types of work: | $64,577 |
Assets in 2013: $1,906 (it was $13,309 in 2009)
| This organization: | $1,906 |
| Other organizations performing similar types of work: | $12,347 |
Expenses in 2013: $29,380
| This organization: | $29,380 |
| Other organizations performing similar types of work: | $60,846 |
Income to expenses ratio in 2013: 0.9
| Mountain Home Area Lions Basketball: | 0.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 11.4%
| This organization: | 11.4% |
| Other organizations performing similar types of work: | 0.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2009 | 2013 | |
|---|---|---|
| Total revenue | $26,450 | $25,140 |
| Contributions, gifts, grants, and similar amounts received | $17,653 | $2,873 |
| Program service revenue including government fees and contracts | $0 | $20,502 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $2 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $1,263 | $608 |
| Gross sales of inventory, less returns and allowances | $1,729 | $1,216 |
| Less: cost of goods sold | $466 | $608 |
| Other revenue | $7,532 | $1,157 |
| Total expenses | $19,565 | $29,380 |
| Total net assets | $13,309 | $1,906 |
| Excess/Deficit for the year | $6,885 | $-4,240 |
| Net assets or fund balances at beginning of year | $6,424 | $6,146 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $13,309 | $1,906 |
| Balance Sheets | ||
| 2009 | 2013 | |
|---|---|---|
| Total assets | $13,309 | $1,906 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $13,309 | $1,906 |
| Other Information | ||
| 2009 | 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 | $120,961 |
| Subtotal | $120,961 |
| Gifts, grants, contributions, and membership fees received | $33,253 |
| 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 | $87,708 |
| 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 | $0 |
| 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 | $0 |
| Total support | $120,961 |
| Public support | $120,961 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $120,961 |
| 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 | Ronnie Brewer Foundation | 3065 N College Ave, Fayetteville, AR 72703-3417 | AR | 2013-01 | $72,773 |
| 2 | Springdale Basketball Association | 14088 Highland Church Rd, Fayetteville, AR 72704-0312 | AR | 2004-04 | $55,540 |
| 3 | Mountain Home Area Lions Basketball | PO BOX 1287, Mountain Home, AR 72654-1287 | AR | 2014-04 | $25,748 |
| 4 | Arkansas Mavericks Basketball Club | PO BOX 38, Mountain View, AR 72560-0038 | AR | 2003-06 | $25,001 |
| 5 | New Life Inc | PO BOX 121, Woodson, AR 72180-0121 | AR | 2010-12 | $14,850 |
| 6 | Gentry Youth Basketball Association | Po Box 667, Gentry, AR 72734 | AR | 2014-02 | $6,378 |
| 7 | South Arkansas Timberwolves Incorporated | P O Box 23, Fordyce, AR 71742 | AR | 2006-09 | $4,360 |
| 8 | Arkansas Mustangs Incorporated | 14157 Frisco Springs Rd, Lowell, AR 72745-9369 | AR | 2007-05 | $4,092 |
| 9 | Arkansas Lady Jammers | PO BOX 4031, Jonesboro, AR 72403-4031 | AR | 2006-03 | $870 |
| 10 | Arkansas Destiny | 139 Congressional Drive, Little Rock, AR 72210 | AR | 2006-03 | $0 |
| 11 | Arkansas Flight | Po Box 46407, Little Rock, AR 72214 | AR | 2014-07 | $0 |
| 12 | Arkansas Jammers | 224 Gilbert St, Jonesboro, AR 72401-1543 | AR | 2010-09 | $0 |
| 13 | Arkansas Lady Titan Athletics | 5161 Butterfield Coach, Springdale, AR 72764 | AR | 2007-02 | $0 |
| 14 | Bentonville Basketball Club Inc | PO BOX 2482, Bentonville, AR 72712 | AR | 2009-02 | $0 |
| 15 | Collision Basketball | 3475 Cutter Ridge Rd, Conway, AR 72034-5568 | AR | 2004-06 | $0 |
| 16 | Fayetteville Titans | 2308 Covington Park Blvd, Fayetteville, AR 72703-9305 | AR | 2008-05 | $0 |
| 17 | Legacy Instructed Kinetic Energy Inc | 306 Sundown Drive, Farmington, AR 72730 | AR | 2011-06 | $0 |
| 18 | Magnolia Heat Youth Basketball Association Inc | 2605 Shamrock, Magnolia, AR 71753 | AR | 2010-03 | $0 |
| 19 | National High School Basketball Association Inc | Po Box 22, Emerson, AR 71740 | AR | 2008-10 | $0 |
| 20 | Youth Of Union | PO BOX 1703, Hot Springs, AR 71902-1703 | AR | 2009-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,799 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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