Dragnet Racing Inc in Jupiter, Florida (FL)

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Dragnet Racing Inc
Employer Identification Number (EIN)263448069
Name of OrganizationDragnet Racing Inc
In Care of NameMark Zakian
Address15810 95th Avenue N, Jupiter, FL 33478
SubsectionEducational Organization, Charitable Organization
Ruling Date05/2010
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$3,495
Amount of Income$425
Form 990 Revenue Amount$425
National Taxonomy of Exempt Entities (NTEE)Crime, Legal-Related: Delinquency Prevention


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Amount of income in 2013: $425 (it was $5,000 in 2011)
This organization: 

 $425
Other organizations performing similar types of work: 

 $94,018

Assets in 2013: $3,495 (it was $3,495 in 2011)
Dragnet Racing Inc: 

 $3,495
Other organizations performing similar types of work: 

 $25,821

Expenses in 2011: $80
This organization: 

 $80
Other organizations performing similar types of work: 

 $87,875

Income to expenses ratio in 2011: 5.3
This organization: 

 5.3
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2011: 1,176.5%
Dragnet Racing Inc: 

 1,176.5%
Other organizations performing similar types of work: 

 96.2%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$425
Contributions, gifts, grants, and similar amounts received$5,000
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross loss from sales of inventory$-4,575
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$4,575
Other revenue$0
Total expenses$80
Total net assets$3,495
Excess for the year$345
Net assets or fund balances at beginning of year$3,150
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$3,495
Total liabilities$0
Net assets or fund balances$3,495
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$17,496
Gifts, grants, contributions, and membership fees received$17,496
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$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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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1Tsic Inc, Take Stock In Children Inc8600 Nw 36th St Ste 500, Doral, FL 33166-6688FL1996-03$9,856,816
2Unity Family Community Center Inc20030 Ne 23rd Pl, Williston, FL 32696-7380FL2001-05$563,665
3Prodev Usa Foundation Inc315 Ne 98th Street, Miami, FL 33138FL2011-10$296,375
4Thaise Educational And Exposure Tours IncPO BOX 1184, Sarasota, FL 34230-1184FL2003-02$220,766
5The National Auxiliary Association Inc6700 Nw 14th Ave, Miami, FL 33147-7104FL2002-08$94,723
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7Karate-Do Alliance Inc1592 W 37th St, Hialeah, FL 33012-4624FL2012-11$61,418
8Creative Initiative For Student & Families Inc216 N Adams St, Quincy, FL 32351-2417FL2011-12$37,498
9Cultural Arts Research Ensemble Inc412 N Pine Hills Road, Orlando, FL 32811-1623FL1998-04$29,901
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11Florida Assoc Of Deputy Sheriffs Law Enforcement & Auxiliary Inc3871 Nw 5th Street, Fort Lauderdale, FL 33311FL2014-08$4,650
12Marcia Faye Bent Foundation Inc4121 Nw 5th Street Ste 101, Plantation, FL 33317-2120FL2010-06$4,208
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15Culture City Kids Inc11710 Nw 18th St, Pembroke Pnes, FL 33026-2058FL2011-04$2,000
16Dragnet Racing Inc15810 95th Avenue N, Jupiter, FL 33478FL2010-05$425
17Deliverance Tabernacle Economic Development Inc1780 W Detroit Blvd, Pensacola, FL 32534-1631FL2002-12$1
18A Chance For Success Youth Center, Malone Boys And Girls Club4359 Floral Ln, Marianna, FL 32446-8557FL2014-12$0
19A R K Coalition Inc2950 Ne 201 Terrace Unit E322, Miami, FL 33180FL2008-11$0
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Number of organizations performing similar types of work
Alaska3
Alabama31
Arkansas12
Arizona22
California231
Colorado36
Connecticut12
District of Columbia19
Delaware4
Florida110
Georgia76
Hawaii4
Iowa5
Idaho5
Illinois73
Indiana31
Kansas6
Kentucky7
Louisiana32
Massachusetts23
Maryland36
Maine6
Michigan44
Minnesota18
Missouri37
Mississippi14
Montana9
North Carolina64
North Dakota1
Nebraska7
New Hampshire9
New Jersey35
New Mexico8
Nevada9
New York70
Ohio45
Oklahoma13
Oregon14
Pennsylvania53
Rhode Island7
South Carolina22
South Dakota7
Tennessee31
Texas102
Utah5
Virginia41
Vermont4
Washington33
Wisconsin19
West Virginia5
Wyoming1
International6
Total1,517

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