Polonia Society Of Korona Fla Inc in Palm Coast, Florida (FL)

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Polonia Society Of Korona Fla Inc
Employer Identification Number (EIN)592274565
Name of OrganizationPolonia Society Of Korona Fla Inc
In Care of NameJadwiga J Skladzien
Address2 Wainwood Pl, Palm Coast, FL 32164-7674
ActivitiesCultural performances, Community center, Literary activities
SubsectionPleasure, Recreational, or Social Club
Ruling Date01/2009
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$231,143
Amount of Income$55,647
Form 990 Revenue Amount$55,647
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Cultural, Ethnic Awareness


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Amount of income in 2014: $55,647 (it was $72,508 in 2013)
Polonia Society Of Korona Fla Inc: 

 $55,647
Other organizations performing similar types of work: 

 $43,086

Assets in 2014: $231,143 (it was $322,127 in 2013)
Polonia Society Of Korona Fla Inc: 

 $231,143
Other organizations performing similar types of work: 

 $17,937

Expenses in 2013: $55,491
This organization: 

 $55,491
Other organizations performing similar types of work: 

 $32,859

Income to expenses ratio in 2013: 1.0
Polonia Society Of Korona Fla Inc: 

 1.0
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 4.3%
This organization: 

 4.3%
Other organizations performing similar types of work: 

 78.0%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20092010201120122013
Total revenue$22,161$39,498$53,735$70,374$72,508
Contributions, gifts, grants, and similar amounts received$2,000$0$7,550$4,900$3,133
Program service revenue including government fees and contracts$12,696$32,787$42,362$59,702$63,707
Membership dues and assessments$6,880$6,480$3,760$5,690$5,580
Investment income$585$231$63$82$88
Gain/Loss from sale of assets other than inventory$0$0$0$0$0
Net income/loss from gaming and fundraising events$0$0$0$0$0
Gross profit/loss from sales of inventory$0$0$0$0$0
Other revenue$0$0$0$0$0
Total expenses$21,575$37,917$43,132$52,408$55,491
Total net assets$171,345$172,926$183,529$201,495$218,512
Excess/Deficit for the year$586$1,581$10,603$17,966$17,017
Net assets or fund balances at beginning of year$158,451$171,345$172,926$183,529$201,495
Other changes in net assets or fund balances$12,308$0$0$0$0
Net assets or fund balances at end of year$201,495$218,512
Balance Sheets
20092010201120122013
Total assets$290,898$290,621$299,221$311,359$322,127
Total liabilities$119,553$117,695$115,692$109,864$103,615
Net assets or fund balances$171,345$172,926$183,529$201,495$218,512
Other Information
20092010201120122013
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 activitiesNoNoNoNoNo
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$6,880$6,480$3,760$5,690$5,580
Gross receipts for public use of club facilities$0$32,787$18,419$19,888$12,917
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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Organizations performing similar types of work
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1Salvadoran Alliance Of New York Inc, Sany303 Crooked Hill Rd, Brentwood, NY 11717-1022NY2007-12$81,900
2Florida Falun Dafa Association4257 Laurel Ridge Cir, Weston, FL 33331-4012FL2012-08$2,292,732
3North America Telugu Society Inc2720 Eleanor Way, West Palm Bch, FL 33414-3419FL2009-04$1,289,190
4Televisa Foundation Inc501 Brickell Key Drive Suite 401, Miami, FL 33133FL2013-07$417,065
5Navika Inc7321 Grand Blvd, New Port Richey, FL 34652FL2010-08$250,720
6Sikh Society Of Northeast Florida8752 Harpers Glen Ct, Jacksonville, FL 32256FL2008-06$232,900
7Vamos Falar Portugues Foundation Inc7122 Nw 74th Ave, Miami, FL 33166-2829FL2005-11$210,525
8Czech & Slovak Heritage Society St Petersburg Fl IncPO BOX 531313, St Petersburg, FL 33747FL2014-02$192,550
9Casa De Madrid En Miami Inc1444 Biscayne Blvd Ste 208 13, Miami, FL 33132-1430FL2010-02$147,828
10Scottish American Society Of South Florida1121 Ne 13th Ave, Ft Lauderdale, FL 33304-2211FL2014-02$109,056
11Lithuanian American Club Inc4880 46th Ave N, St Petersburg, FL 33714-2816FL2012-02$109,048
12Tampa Bay Latin-American Medical Society IncPO BOX 320578, Tampa, FL 33679-2578FL2013-04$106,751
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14The Howard & Patricia Farber Foundation16 Island Avenue, Miami Beach, FL 33139-1353FL2010-07$92,000
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16Sirius Foundation, Turkish Cultural Center Of Tampa Bay7402 N 56th Street Suite 385, Tampa, FL 33617FL2008-01$82,988
17Gables Hispanic Cultural Foundaton Inc4680 Sw 72nd Ave, Miami, FL 33155-4516FL2010-08$80,782
18Indian Cultural Society Ofjacksonville Inc10474 Creston Glen Cir, Jacksonville, FL 32256-4685FL2010-10$78,529
19Japan Arts Inc, Fushu Daiko11201 Nw 1st Ct, Coral Springs, FL 33071-8138FL2014-02$77,288
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Number of organizations performing similar types of work
Alaska30
Alabama39
Arkansas29
Arizona85
California1,252
Colorado77
Connecticut85
District of Columbia94
Delaware16
Florida360
Georgia151
Hawaii138
Iowa40
Idaho24
Illinois228
Indiana62
Kansas30
Kentucky35
Louisiana69
Massachusetts181
Maryland165
Maine19
Michigan160
Minnesota170
Missouri86
Mississippi13
Montana22
North Carolina137
North Dakota7
Nebraska25
New Hampshire19
New Jersey243
New Mexico62
Nevada49
New York684
Ohio165
Oklahoma49
Oregon121
Pennsylvania214
Rhode Island27
South Carolina56
South Dakota23
Tennessee78
Texas417
Utah53
Virginia178
Vermont14
Washington180
Wisconsin90
West Virginia20
Wyoming11
International17
Total6,599

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