Committee Of Twenty Five Inc in Palm Springs, California (CA)

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Committee Of Twenty Five Inc
Employer Identification Number (EIN)951612619
Name of OrganizationCommittee Of Twenty Five Inc
Address421 W Alejo Rd, Palm Springs, CA 92262-5663
ActivitiesOther social activities
SubsectionPleasure, Recreational, or Social Club
Ruling Date08/1950
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$345,643
Amount of Income$197,564
Form 990 Revenue Amount$197,564

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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$126,323$129,730$121,914
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$105,950$112,262$97,029
Investment income$9$5$2
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$20,364$17,463$24,883
Gross sales of inventory, less returns and allowances$37,463$37,470$43,520
Less: cost of goods sold$17,099$20,007$18,637
Other revenue$0$0$0
Total expenses$146,304$141,611$146,834
Total net assets$195,167$183,286$158,366
Excess/Deficit for the year$-19,981$-11,881$-24,920
Net assets or fund balances at beginning of year$215,148$195,167$183,286
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$183,286$158,366
Balance Sheets
Total assets$258,667$254,286$241,066
Total liabilities$63,500$71,000$82,700
Net assets or fund balances$195,167$183,286$158,366
Other Information
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$25,350$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:Not provided
Number of organizations supported0
Sum of amounts of support$0
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