Odebolt Community Center Inc in Odebolt, Iowa (IA)

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Odebolt Community Center Inc
Employer Identification Number (EIN)421508703
Name of OrganizationOdebolt Community Center Inc
In Care of NameHoward Hustedt
Address211 S Main St, Odebolt, IA 51458-7605
SubsectionCharitable Organization
Ruling Date09/2000
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
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$160,543
Amount of Income$52,518
Form 990 Revenue Amount$38,999
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Community Recreational Centers


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Amount of income in 2014: $52,518
This organization: 

 $52,518
Other organizations performing similar types of work: 

 $80,385

Assets in 2014: $160,543
This organization: 

 $160,543
Other organizations performing similar types of work: 

 $100,374

Expenses in 2013: $58,152
Odebolt Community Center Inc: 

 $58,152
Other organizations performing similar types of work: 

 $63,143

Income to expenses ratio in 2013: 0.9
Odebolt Community Center Inc: 

 0.9
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2005: 0.0%
Odebolt Community Center Inc: 

 0.0%
Other organizations performing similar types of work: 

 77.2%

Grants share in income in 2013: 65.2%
This organization: 

 65.2%
Other organizations performing similar types of work: 

 25.2%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$24,213$22,468$64,520
Contributions, gifts, grants, and similar amounts received$4,540$1,690$42,057
Program service revenue including government fees and contracts$10,032$10,125$11,192
Membership dues and assessments$0$0$0
Investment income$7$0$7
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$505
Gross income from gaming$0$0$0
Gross income from fundraising events$0$0$505
Less: direct expenses from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$9,634$10,653$10,759
Gross sales of inventory, less returns and allowances$26,300$33,995$20,112
Less: cost of goods sold$16,666$23,342$9,353
Other revenue$0$0$0
Total expenses$25,259$17,015$58,152
Total net assets$149,369$154,822$161,190
Excess/Deficit for the year$-1,046$5,453$6,368
Net assets or fund balances at beginning of year$150,415$149,369$154,822
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$154,822$161,190
Balance Sheets
201120122013
Total assets$149,372$154,822$161,190
Total liabilities$3$0$0
Net assets or fund balances$149,369$154,822$161,190
Other Information
201120122013
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$0$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: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
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$149,694
Subtotal$149,694
Gifts, grants, contributions, and membership fees received$52,757
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$96,937
Gross receipts from activities that are not an unrelated trade or business under section 513$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
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$149,701
Public support$149,694
Subtotal$7
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$7
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200320042005
Total revenue$79,019$71,891$26,226
Contributions, gifts, grants, and similar amounts received$60,883$54,041$16,022
Program service revenue including government fees and contracts$4,062$0$5,967
Membership dues and assessments$0$0$0
Investment income$74$83$167
Gain or (loss) from sales of assets other than inventory$0$0$0
Gross amount from sales of assets other than inventory$0$0$0
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$12,536$0$5,384
Gross revenue$13,765$0$5,795
Less: direct expenses other than fundraising expenses$1,229$0$411
Gross profit or (loss) from sales of inventory$661$15,162$-1,322
Gross sales of inventory, less returns and allowances$8,456$27,345$10,610
Less: cost of goods sold$7,795$12,183$11,932
Other revenue$803$2,605$10
Total expenses$57,557$84,197$29,596
Grants and similar amounts paid$80$0$0
Benefits paid to or for members$0$0$0
Salaries, other compensation, and employee benefits$17,040$26,696$0
Professional fees and other payments to independent contractors$55$0$0
Occupancy, rent, utilities, and maintenance$2,952$4,526$13,952
Printing, publications, postage, and shipping$43$74$56
Other expenses$37,387$52,901$15,588
Net assets or fund balances at end of year$120,993$153,916$150,548
Excess or (deficit) for the year$21,462$-12,306$-3,368
Net assets or fund balances at beginning of year$99,531$120,993$153,916
Other changes in net assets or fund balances$0$45,229$0
Balance Sheets
200320042005
Total assets$120,993$153,916$150,546
Cash, savings, and investments$27,297$15,336$11,966
Land and buildings$93,696$138,580$138,580
Other assets$0$0$0
Total liabilities$0$0$0
Net assets or fund balances$120,993$153,916$150,546
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
200220032004
Total$73,810$88,043$81,469
Gifts, grants, and contributions received$38,183$60,883$54,041
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$35,538$27,086$27,345
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$89$74$83
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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5West River Recreation Center IncPO BOX 205, Humboldt, IA 50548-0205IA2004-03$99,644
6Build Our Ballpark Inc1225 W 4th St, Waterloo, IA 50702-2903IA2009-04$71,767
7Underwood Memorial Building AssociationPO BOX 63, Underwood, IA 51576-0063IA2000-03$57,625
8Youth Enhancement Association804 N Harrison St, Missouri Vly, IA 51555-1032IA2004-04$36,883
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10Luana Community And Recreation Center Foundation105 X16, Luana, IA 52156IA2013-11$7,501
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Number of organizations performing similar types of work
Alaska9
Alabama34
Arkansas31
Arizona21
California136
Colorado32
Connecticut11
District of Columbia4
Delaware4
Florida50
Georgia35
Hawaii6
Iowa34
Idaho15
Illinois44
Indiana57
Kansas26
Kentucky23
Louisiana17
Massachusetts38
Maryland25
Maine17
Michigan51
Minnesota55
Missouri52
Mississippi22
Montana28
North Carolina61
North Dakota8
Nebraska17
New Hampshire17
New Jersey34
New Mexico15
Nevada5
New York81
Ohio57
Oklahoma18
Oregon29
Pennsylvania84
Rhode Island5
South Carolina31
South Dakota9
Tennessee30
Texas105
Utah7
Virginia47
Vermont19
Washington43
Wisconsin27
West Virginia24
Wyoming17
International1
Total1,668

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