Sleeping Giant Young Equestrian Fund Inc in Huntington, Massachusetts (MA)
Table of contents:
| Sleeping Giant Young Equestrian Fund Inc | |
| Employer Identification Number (EIN) | 510528981 |
| Name of Organization | Sleeping Giant Young Equestrian Fund Inc |
| In Care of Name | Shirley Winer |
| Address | 139 Kinnebrook Rd, Huntington, MA 01050-9650 |
| Subsection | Educational Organization |
| Ruling Date | 02/2006 |
| 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 | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $1,769 |
| Amount of Income | $39,298 |
| Form 990 Revenue Amount | $28,673 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Equestrian, Riding |
Non-representatives - add comments:
Amount of income in 2013: $39,298 (it was $43,227 in 2012)
| Sleeping Giant Young Equestrian Fund Inc: | $39,298 |
| Other organizations performing similar types of work: | $67,089 |
Assets in 2013: $1,769 (it was $7,752 in 2012)
| Sleeping Giant Young Equestrian Fund Inc: | $1,769 |
| Other organizations performing similar types of work: | $24,756 |
Expenses in 2013: $34,656
| This organization: | $34,656 |
| Other organizations performing similar types of work: | $55,624 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 102.8%
| This organization: | 102.8% |
| Other organizations performing similar types of work: | 21.2% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $26,604 | $28,207 | $30,499 | $28,673 |
| Contributions, gifts, grants, and similar amounts received | $26,760 | $25,200 | $28,700 | $29,490 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-156 | $3,007 | $1,799 | $-817 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $16,921 | $19,374 | $14,527 | $9,808 |
| Less: direct expenses from gaming and fundraising events | $17,077 | $16,367 | $12,728 | $10,625 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $29,754 | $23,973 | $27,274 | $34,656 |
| Total net assets | $-4,707 | $-473 | $2,752 | $-3,231 |
| Excess/Deficit for the year | $-3,150 | $4,234 | $3,225 | $-5,983 |
| Net assets or fund balances at beginning of year | $-1,557 | $-4,707 | $-473 | $2,752 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $2,752 | $-3,231 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $3,541 | $4,527 | $7,752 | $1,769 |
| Total liabilities | $8,248 | $5,000 | $5,000 | $5,000 |
| Net assets or fund balances | $-4,707 | $-473 | $2,752 | $-3,231 |
| Other Information | ||||
| 2010 | 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 | Yes | Yes | No | Yes |
| Has the organization filed a Form 990-T for the year? | No | Yes | ||
| 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? | Yes | Yes | ||
| Total amount involved | $5,000 | $5,000 | ||
| 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 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 supported | 0 |
| 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 | $137,870 |
| Subtotal Support | $137,870 |
| Gifts, grants, contributions, and membership fees received | $137,870 |
| 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 | $144,165 |
| Public Support | $137,870 |
| 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 | $6,295 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $27,746 | $30,811 | $-3,065 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $27,746 | $30,811 | $-3,065 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $-3,065 |
| Unrelated business taxable income before net operating loss deduction | $-3,065 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-3,065 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | World Games 2010 Foundation Inc | 250 W Main St Ste 1400, Lexington, KY 40507-1721 | KY | 2007-02 | $2,649,947 |
| 2 | Valley Oaks Ranch Inc | 36875 Mesa Rd, Temecula, CA 92592-8626 | CA | 1999-10 | $1,693,070 |
| 3 | Washington State Hunters & Jumpers Association | 23929 22nd Dr Se, Bothell, WA 98021-9626 | WA | 1999-07 | $1,263,916 |
| 4 | Omaha Equestrian Foundation | 1004 Farnam St Ste 400, Omaha, NE 68102-1885 | NE | 2011-01 | $910,289 |
| 5 | Makers Mark Secretariat Center | 4089 Iron Works Pkwy, Lexington, KY 40511-8483 | KY | 2012-02 | $524,414 |
| 6 | Trinity Equestrian Center Kids Kamp Inc | S5300 State Road 37, Eau Claire, WI 54701-8628 | WI | 2005-02 | $478,522 |
| 7 | Take Flight Farms Inc | 1004 Farnam St Ste 400, Omaha, NE 68102-1885 | NE | 2002-06 | $426,339 |
| 8 | New England Equitation Championships Inc | 401 Colonial Dr Unit 48, Ipswich, MA 01938-1668 | MA | 2004-03 | $398,124 |
| 9 | Central Florida Hunter & Jumper Assoc Inc | 12017 Brewster Dr, Tampa, FL 33626-2501 | FL | 2010-08 | $370,077 |
| 10 | Jumper Classic Inc, Fleet Jumper Classic | 892 Washington St, Gloucester, MA 01930-1283 | MA | 2001-01 | $350,674 |
| 11 | Hockey Commissioners Association Inc | 591 North Ave Ste 2, Wakefield, MA 01880-1647 | MA | 2014-09 | $79,500 |
| 12 | Ride With Pride Inc | 21 Campbell Ct, Rutland, MA 01543-1616 | MA | 2006-09 | $41,821 |
| 13 | Sleeping Giant Young Equestrian Fund Inc | 139 Kinnebrook Rd, Huntington, MA 01050-9650 | MA | 2006-02 | $39,298 |
| 14 | Harness Horsemans Association Of New England Inc | 301 Washington St, Plainville, MA 02762-1314 | MA | 2003-03 | $36,858 |
| 15 | Another Way Inc | 2663 West Street, Wrentham, MA 02093 | MA | 1920-10 | $0 |
| 16 | Barre Riding And Driving Club Inc | 382 Old Petersham Rd, Barre, MA 01005 | MA | 2014-11 | $0 |
| 17 | Childrens Therapeutic Riding | 65 Booth Hill Road, Scituate, MA 02066 | MA | 2012-01 | $0 |
| 18 | City To Saddle | Po Box 456, Weston, MA 02493 | MA | 2010-05 | $0 |
| 19 | Hybid Farm Educational Foundation Inc | 217 Nagog Hill Road, Acton, MA 01720 | MA | 2012-05 | $0 |
| 20 | Northeast Friesian Club, Nefhc | 115 Waterford Drive, Hanover, MA 02339 | MA | 2003-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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