Paducah Swimming Incorporated in Paducah, Kentucky (KY)
Table of contents:
| Paducah Swimming Incorporated | |
| Employer Identification Number (EIN) | 611284218 |
| Name of Organization | Paducah Swimming Incorporated |
| In Care of Name | Paducah Swim Team |
| Address | 115 Lebanon Church Rd, Paducah, KY 42003-9221 |
| Activities | Described in section 509(a)(2) of the Code, Amateur athletic association |
| Subsection | Charitable Organization |
| Ruling Date | 08/1995 |
| 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 | 08/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $138,988 |
| Amount of Income | $155,520 |
| Form 990 Revenue Amount | $155,520 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2014: $155,520 (it was $145,362 in 2013)
| Paducah Swimming Incorporated: | $155,520 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2014: $138,988 (it was $122,304 in 2013)
| Paducah Swimming Incorporated: | $138,988 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2013: $107,593
| This organization: | $107,593 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2013: 1.4
| This organization: | 1.4 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 4.0%
| This organization: | 4.0% |
| Other organizations performing similar types of work: | 78.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $88,032 | $86,331 | $126,260 |
| Contributions, gifts, grants, and similar amounts received | $1,726 | $550 | $4,990 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $66,152 | $68,384 | $109,528 |
| Investment income | $0 | $1,938 | $2 |
| Gain/Loss from sale of assets other than inventory | $0 | $-839 | $0 |
| Net income/loss from gaming and fundraising events | $15,145 | $10,514 | $1,907 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $24,981 | $23,090 | $21,009 |
| Less: direct expenses from gaming and fundraising events | $9,836 | $12,576 | $19,102 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $5,009 | $5,784 | $9,833 |
| Total expenses | $94,483 | $87,262 | $107,593 |
| Total net assets | $103,747 | $102,816 | $121,483 |
| Excess/Deficit for the year | $-6,451 | $-931 | $18,667 |
| Net assets or fund balances at beginning of year | $110,198 | $103,747 | $102,816 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $102,816 | $121,483 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $106,894 | $103,684 | $122,304 |
| Total liabilities | $3,147 | $868 | $821 |
| Net assets or fund balances | $103,747 | $102,816 | $121,483 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 |
| 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 |
| 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? | 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 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $517,911 |
| Subtotal | $517,911 |
| Gifts, grants, contributions, and membership fees received | $401,086 |
| 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 | $116,825 |
| 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 | $538,278 |
| Public support | $517,911 |
| Subtotal | $2 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2 |
| 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 | $20,365 |
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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 | Wildcat Aquatics Inc | Lancaster Aquatics Center, Lexington, KY 40506-0001 | KY | 2004-07 | $399,528 |
| 3 | Race Aquatics Swim Club Inc, Race Aquatics Swim Club | P O Box 51614, Bowling Green, KY 42102 | KY | 2008-08 | $115,628 |
| 4 | Shelby Us Swimming Inc | 65 Old Taylorsville Rd, Shelbyville, KY 40065-9253 | KY | 2000-08 | $64,392 |
| 5 | Swimchester Sailfish Inc | 114 E High St, Mt Sterling, KY 40353-1214 | KY | 2013-11 | $46,651 |
| 6 | Western Reserve Seariders Swim Team Inc | 201 West River City Blvd, Covington, KY 41019-0001 | KY | 2000-03 | $38,210 |
| 7 | Mchs Swim Team Boosters Inc | 114 East High Street, Mt Sterling, KY 40353 | KY | 2012-06 | $5,445 |
| 8 | Berea Dolphins Swim Team | 915 Cabernet Drive, Berea, KY 40403 | KY | 2009-08 | $0 |
| 9 | Central Kentucky Aquatic Team Inc | 257 River Bend Lane, Springfield, KY 40069 | KY | 1983-09 | $0 |
| 10 | Cherry Hill Swim & Dive Club Boosters Inc | Po Box 18222, Erlanger, KY 41018 | KY | 2008-09 | $0 |
| 11 | Colonel Aquatic Club Inc | 1056 Meadow Ridge Drive, Richmond, KY 40475 | KY | 2011-08 | $0 |
| 12 | Douglass Hills Swim And Dive Team Inc | Po Box43751, Louisville, KY 40253 | KY | 2012-03 | $0 |
| 13 | East Row Pool & Social Club Inc | 708 Nelson Place, Newport, KY 41071 | KY | 2011-01 | $0 |
| 14 | Ludlow Bromley Swim And Dive Team | Po Box 16173, Ludlow, KY 41016 | KY | 2014-09 | $0 |
| 15 | Man-O-War Swim Conference | 4793 Firebrook Blvd, Lexington, KY 40513 | KY | 1997-06 | $0 |
| 16 | Monroe Aquatic Club Inc | 347 Tooley Ridge Road, Tompkinsville, KY 42167 | KY | 2013-02 | $0 |
| 17 | Murray Youth Swim Team Inc | P O Box 328, Murray, KY 42071 | KY | 2007-04 | $0 |
| 18 | Newburg Tennis Association Inc | Po Box 20832, Louisville, KY 40218 | KY | 2014-11 | $0 |
| 19 | Northern Kentucky Swim League Inc, Nksl | PO BOX 176666, Ft Mitchell, KY 41017 | KY | 2005-09 | $0 |
| 20 | Oldham County Piranhas Inc | PO BOX 922, Crestwood, KY 40014-0922 | KY | 2002-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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