Twin Lakes Literacy Council in Mountain Home, Arkansas (AR)
Table of contents:
| Twin Lakes Literacy Council | |
| Employer Identification Number (EIN) | 710805467 |
| Name of Organization | Twin Lakes Literacy Council |
| In Care of Name | William J Weeks |
| Address | 1318 Bradley Dr Ste 14, Mountain Home, AR 72653-2700 |
| Activities | Literary activities |
| Subsection | Charitable Organization |
| Ruling Date | 07/1998 |
| 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 | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $77,762 |
| Amount of Income | $61,685 |
| Form 990 Revenue Amount | $61,685 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: |
Non-representatives - add comments:
Amount of income in 2014: $61,685 (it was $64,663 in 2013)
| This organization: | $61,685 |
| Other organizations performing similar types of work: | $61,685 |
Assets in 2014: $77,762 (it was $75,727 in 2013)
| Twin Lakes Literacy Council: | $77,762 |
| Other organizations performing similar types of work: | $77,762 |
Expenses in 2014: $59,861
| This organization: | $59,861 |
| Other organizations performing similar types of work: | $59,861 |
Income to expenses ratio in 2014: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 79.8%
| Twin Lakes Literacy Council: | 79.8% |
| Other organizations performing similar types of work: | 79.8% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $66,981 | $41,106 | $64,663 | $61,685 |
| Contributions, gifts, grants, and similar amounts received | $52,410 | $39,669 | $56,885 | $49,215 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $10,958 | $20 | $6,417 | $10,537 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $3,437 | $1,186 | $1,213 | $1,894 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $4,413 | $1,186 | $1,213 | $1,894 |
| Less: direct expenses from gaming and fundraising events | $976 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $176 | $231 | $148 | $39 |
| Total expenses | $51,362 | $44,037 | $101,023 | $59,861 |
| Total net assets | $112,481 | $109,550 | $73,190 | $75,014 |
| Excess/Deficit for the year | $15,619 | $-2,931 | $-36,360 | $1,824 |
| Net assets or fund balances at beginning of year | $96,862 | $112,481 | $109,550 | $73,190 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $73,190 | $75,014 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $115,513 | $111,480 | $75,727 | $77,762 |
| Total liabilities | $3,032 | $1,930 | $2,537 | $2,748 |
| Net assets or fund balances | $112,481 | $109,550 | $73,190 | $75,014 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| 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 | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $247,995 |
| Subtotal Support | $247,995 |
| Gifts, grants, contributions, and membership fees received | $247,995 |
| 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 | $294,279 |
| Public Support | $247,995 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $33,442 |
| 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 | $12,842 |
| Gross receipts from related activities, etc. | $0 |
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| Other organizations in Arkansas | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Trojan Athletic Foundation Inc | 2801 S University Ave, Little Rock, AR 72204-1000 | AR | 2005-12 | $449,289 |
| 2 | Trotter Foundation | PO BOX 5300, Pine Bluff, AR 71611-5300 | AR | 1950-12 | $22,467 |
| 3 | True Deliverance Worldwide Ministries Inc | PO BOX 1063, Little Rock, AR 72203-1063 | AR | 1984-10 | $4,200 |
| 4 | Tumbling Shoals-Ida Protection District | PO BOX 250, Tumblinh Shoals, AR 72581-0250 | AR | 1984-05 | $57,759 |
| 5 | Turning Point Of South Arkansas Inc | 900 E 1st St, El Dorado, AR 71730-7516 | AR | 1985-07 | $262,725 |
| 6 | Turrell Place Apartments | 8101 I-30, Osceola, AR 72209 | AR | 2003-10 | $67,136 |
| 7 | Twentieth Century Club Of Harrison | 511 Covey Lane, Harrison, AR 72601 | AR | 1984-09 | $0 |
| 8 | Twin Lakes Golf Association | 70 Elk Way, Mountain Home, AR 72653-6601 | AR | 1983-08 | $427,442 |
| 9 | Twin Lakes Gun Inc | PO BOX 199, Mountain Home, AR 72654-0199 | AR | 1984-08 | $125,258 |
| 10 | Twin Lakes Home Builders Association | 1520 Highway 62 E, Mountain Home, AR 72653-2713 | AR | 1989-03 | $68,091 |
| 11 | Twin Lakes Literacy Council | 1318 Bradley Dr Ste 14, Mountain Home, AR 72653-2700 | AR | 1998-07 | $61,685 |
| 12 | Twin Lakes Playhouse Inc | Po Box 482, Mountain Home, AR 72653 | AR | 1987-12 | $76,724 |
| 13 | Twin Oaks Apartments Inc | PO BOX 2637, Batesville, AR 72503-2637 | AR | 1993-07 | $74,959 |
| 14 | Twin River Community Living Facility Inc | 201 Dodd Creek Rd, Mountain Home, AR 72653 | AR | 1979-08 | $683,592 |
| 15 | Tyson Foods Foundation Inc | PO BOX 2020, Springdale, AR 72765-2020 | AR | 1979-06 | $663,453 |
| 16 | Tyson Foundation Inc | PO BOX 2020, Springdale, AR 72765-2020 | AR | 1970-12 | $24,019,810 |
| 17 | Union Christian Academy Inc | 4201 Windsor Dr, Fort Smith, AR 72904-5737 | AR | 1998-09 | $3,018,778 |
| 18 | Union County Animal Protection Society | PO BOX 204, El Dorado, AR 71731-0204 | AR | 1988-05 | $214,904 |
| 19 | Union County Community Foundation | 101 W Main St Ste 506, El Dorado, AR 71730-5641 | AR | 1997-04 | $711,263 |
| 20 | Union County Fair Association | PO BOX 10755, El Dorado, AR 71730-0028 | AR | 1971-05 | $210,688 |
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