Team Worth Baseball Club Of The Treasure Coast in Vero Beach, Florida (FL)

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Team Worth Baseball Club Of The Treasure Coast
Employer Identification Number (EIN)275015511
Name of OrganizationTeam Worth Baseball Club Of The Treasure Coast
Address2066 14th Ave Suite 101, Vero Beach, FL 32960
SubsectionCharitable Organization
Ruling Date04/2011
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$1 to $9,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$1,538
Amount of Income$12,437
Form 990 Revenue Amount$12,437
National Taxonomy of Exempt Entities (NTEE)Youth Development: Youth Development Programs, Other

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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$63,904$12,437
Contributions, gifts, grants, and similar amounts received$5,224$3,991
Program service revenue including government fees and contracts$47,073$7,200
Membership dues and assessments$0$0
Investment income$0$0
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$11,607$1,246
Gross income from gaming$0$0
Gross income from fundraising events$13,607$1,246
Less: direct expenses from gaming and fundraising events$2,000$0
Gross profit/loss from sales of inventory$0$0
Other revenue$0$0
Total expenses$51,029$10,899
Total net assets$12,875$1,538
Excess/Deficit for the year$12,875$1,538
Net assets or fund balances at beginning of year$0$9,536
Other changes in net assets or fund balances$0$-9,536
Net assets or fund balances at end of year$1,538
Balance Sheets
Total assets$12,875$1,538
Total liabilities$0$0
Net assets or fund balances$12,875$1,538
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 activitiesNoNo
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: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 supported0
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 2009 - 2013)
2009 - 2013 Total
Public Support$3,991
Subtotal Support$3,991
Gifts, grants, contributions, and membership fees received$3,991
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$11,191
Public Support$3,991
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
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$7,200
Gross receipts from related activities, etc.$1,246
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