Fairfield Crest Swim Club in Newark, Delaware (DE)

Fairfield Crest Swim Club
Employer Identification Number (EIN)	510104626
Name of Organization	Fairfield Crest Swim Club
Address	PO BOX 933, Newark, DE 19715-0933
Activities	Other social activities, Other recreational activities
Subsection	Pleasure, Recreational, or Social Club
Ruling Date	01/1967
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$10,000 to $24,999
Income	$25,000 to $99,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$19,482
Amount of Income	$92,812
Form 990 Revenue Amount	$78,464

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Financial snapshot ($)

Revenue for 2013

	2011	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$71,321	$78,464
Contributions, gifts, grants, and similar amounts received	$0	$0
Program service revenue including government fees and contracts	$0	$0
Membership dues and assessments	$61,456	$73,504
Investment income	$0	$0
Gain/Loss from sale of assets other than inventory	$0	$0
Net income/loss from gaming and fundraising events	$5,166	$4,164
Gross income from gaming	$0	$0
Gross income from fundraising events	$18,453	$16,747
Less: direct expenses from gaming and fundraising events	$13,286	$12,583
Gross profit/loss from sales of inventory	$4,698	$796
Gross sales of inventory, less returns and allowances	$7,702	$2,561
Less: cost of goods sold	$3,004	$1,765
Other revenue	$0	$0
Total expenses	$72,495	$71,941
Total net assets	$12,598	$19,482
Excess/Deficit for the year	$-1,173	$6,523
Net assets or fund balances at beginning of year	$13,771	$12,959
Other changes in net assets or fund balances	$0	$0
Net assets or fund balances at end of year		$19,482

	2011	2013
Balance Sheets
Total assets	$12,598	$19,482
Total liabilities	$0	$0
Net assets or fund balances	$12,598	$19,482

	2011	2013
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?		No
Were any significant changes made to the organizing or governing documents?		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
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?		No
Amount of political expenditures, direct or indirect		$0
Did the organization file Form 1120-POL for this year?		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
Total amount involved		$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
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?		No

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	Not provided
Number of organizations supported	0
Sum of amounts of support	$0

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