Mtv Swim Team Inc in Mount Vernon, Indiana (IN)
Table of contents:
| Mtv Swim Team Inc | |
| Employer Identification Number (EIN) | 352000094 |
| Name of Organization | Mtv Swim Team Inc |
| Address | PO BOX 782, Mount Vernon, IN 47620-0782 |
| Activities | Described in section 509(a)(2) of the Code, Swimming or tennis club |
| Subsection | Charitable Organization |
| Ruling Date | 05/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 03/2014 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $17,594 |
| Amount of Income | $84,924 |
| Form 990 Revenue Amount | $78,821 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2014: $84,924 (it was $86,920 in 2013)
| Mtv Swim Team Inc: | $84,924 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2014: $17,594 (it was $20,119 in 2013)
| This organization: | $17,594 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2014: $80,505
| Mtv Swim Team Inc: | $80,505 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2014: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2014: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 78.3% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $79,223 | $79,292 | $79,443 | $78,821 |
| Contributions, gifts, grants, and similar amounts received | $996 | $303 | $257 | $15 |
| Program service revenue including government fees and contracts | $34,697 | $30,724 | $34,892 | $31,038 |
| Membership dues and assessments | $40,295 | $39,749 | $41,300 | $37,560 |
| Investment income | $5 | $1 | $2 | $2 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $2,742 | $5,903 | $3,339 | $8,747 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $10,992 | $16,909 | $8,751 | $14,850 |
| Less: direct expenses from gaming and fundraising events | $8,250 | $11,006 | $5,412 | $6,103 |
| Gross profit/loss from sales of inventory | $488 | $2,612 | $-347 | $1,459 |
| Gross sales of inventory, less returns and allowances | $1,963 | $3,823 | $1,718 | $1,459 |
| Less: cost of goods sold | $1,475 | $1,211 | $2,065 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $92,205 | $61,013 | $87,011 | $80,505 |
| Total net assets | $7,832 | $26,111 | $18,543 | $16,859 |
| Excess/Deficit for the year | $-12,982 | $18,279 | $-7,568 | $-1,684 |
| Net assets or fund balances at beginning of year | $20,814 | $7,832 | $26,111 | $18,543 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $18,543 | $16,859 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $10,747 | $27,396 | $20,119 | $17,594 |
| Total liabilities | $2,915 | $1,285 | $1,576 | $735 |
| Net assets or fund balances | $7,832 | $26,111 | $18,543 | $16,859 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | 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 | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2014) | |
| 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $388,524 |
| Subtotal | $388,524 |
| Gifts, grants, contributions, and membership fees received | $194,380 |
| 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 | $194,144 |
| 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 | $402,236 |
| Public support | $388,524 |
| Subtotal | $112 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $112 |
| 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 | $13,600 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | University Swim Club | Po Box 10442, Knoxville, TN 37939-0442 | TN | 2007-02 | $43,203 |
| 2 | Indiana International School Of Diving Inc | PO BOX 877, Fishers, IN 46038-0877 | IN | 2014-07 | $375,063 |
| 3 | Zionsville Swim Club Inc | PO BOX 71, Zionsville, IN 46077-0071 | IN | 2014-02 | $346,194 |
| 4 | Indy Aquatic Masters Inc | PO BOX 30145, Indianapolis, IN 46230-0145 | IN | 2012-02 | $341,831 |
| 5 | W T Swim Club Inc, Washington Township Swim Club Inc | PO BOX 80094, Indianapolis, IN 46280-0094 | IN | 2006-12 | $285,200 |
| 6 | Duneland Swim Club Inc, Dune | 2125 S 11th St, Chesterton, IN 46304-8934 | IN | 2013-06 | $169,776 |
| 7 | Viper Aquatic Swim Team Inc | PO BOX 326, Westfield, IN 46074-0326 | IN | 2010-05 | $134,105 |
| 8 | Three Rivers Aquatic Club Inc | 8215 Sunny Hill Cv, Ft Wayne, IN 46804-3577 | IN | 2001-06 | $123,356 |
| 9 | Greenwood Gators Inc, Greenwood Gators | PO BOX 1031, Greenwood, IN 46142-0989 | IN | 2011-11 | $103,526 |
| 10 | Summer Break Swim Club Inc | PO BOX 167, Fishers, IN 46038-0167 | IN | 2008-06 | $86,583 |
| 11 | South Dearborn Swimming | 5770 Highlander Pl, Aurora, IN 47001-9452 | IN | 2005-04 | $71,837 |
| 12 | Union Township Swim Club Inc | PO BOX 94, Valparaiso, IN 46384-0094 | IN | 2010-04 | $62,717 |
| 13 | Southridge Aquatic Raider Gators Inc | 16819 N Co Rd 360 E, Lincoln City, IN 47552 | IN | 1998-02 | $58,366 |
| 14 | Howard County Aquatics Inc | PO BOX 6672, Kokomo, IN 46904-6672 | IN | 2009-07 | $55,528 |
| 15 | Plymouth Aquatics Club Inc, Plymouth Sharks | 14441 Crest Lane, Plymouth, IN 46563 | IN | 2012-03 | $51,267 |
| 16 | Hobart Tiger Sharks Swim Club Ltd | PO BOX 28, Hobart, IN 46342-0028 | IN | 2012-01 | $49,325 |
| 17 | Vincenes Swim Team | PO BOX 468, Vincennes, IN 47591-0468 | IN | 2009-04 | $44,897 |
| 18 | Southside Swimming Tsunami Inc, Southside Indy Aquatics | 8414 Gallant Fox Dr, Indianapolis, IN 46217-4807 | IN | 2009-11 | $43,880 |
| 19 | Just Dance Academy Company Boosters | Po Box 204, Floyds Knobs, IN 47119 | IN | 2003-05 | $40,866 |
| 20 | Greater Evansville Swimming Inc, Great | 714 W Berkeley Ave, Evansville, IN 47710-4204 | IN | 2013-08 | $40,497 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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