Vineyard Youth Tennis Inc in Boston, Massachusetts (MA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Vineyard Youth Tennis Inc | |
| Employer Identification Number (EIN) | 043434874 |
| Name of Organization | Vineyard Youth Tennis Inc |
| In Care of Name | Barneke And Anderson Llp |
| Address | 211 Congress St, Boston, MA 02110-2410 |
| Subsection | Educational Organization |
| Ruling Date | 01/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 08/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,422,530 |
| Amount of Income | $570,844 |
| Form 990 Revenue Amount | $584,338 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Tennis, Racquet Sports Clubs, Leagues |
Non-representatives - add comments:
Amount of income in 2014: $570,844 (it was $772,734 in 2013)
| Vineyard Youth Tennis Inc: | $570,844 |
| Other organizations performing similar types of work: | $65,435 |
Assets in 2014: $2,422,530 (it was $2,725,599 in 2013)
| This organization: | $2,422,530 |
| Other organizations performing similar types of work: | $25,443 |
Expenses in 2012: $602,417
| Vineyard Youth Tennis Inc: | $602,417 |
| Other organizations performing similar types of work: | $58,611 |
Income to expenses ratio in 2012: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 97.5%
| Vineyard Youth Tennis Inc: | 97.5% |
| Other organizations performing similar types of work: | 0.5% |
Revenue for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $862,705 | $266 | $21,202 | |
| Contributions, gifts, grants, etc., received | $841,404 | |||
| Interest on savings and temporary cash investments | $167 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $21,035 | |||
| Other | $99 | |||
| Total expenses and disbursements | $602,417 | $0 | $64,046 | $538,371 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $602,417 | $0 | $538,371 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $260,288 | |||
| Net investment income | $266 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,583,110 | $2,583,110 |
| Cash - non-interest-bearing | $21,562 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $2,561,548 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,583,110 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $99 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $5 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $5 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $102,902 |
| Net value of noncharitable-use assets | $101,360 |
| Minimum investment return | $5,068 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $538,371 | $579,112 | $545,642 | $540,489 | $2,203,614 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $3,379 | $1,041 | $0 | $0 | $4,420 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tenacity Inc | 38 Everett St, Boston, MA 02134-1963 | MA | 1999-05 | $5,643,895 |
| 2 | Vineyard Youth Tennis Inc | 211 Congress St, Boston, MA 02110-2410 | MA | 2000-01 | $570,844 |
| 3 | Topsfield Boxford Middleton Youth Lacrosse Organization Corp | PO BOX 260, Topsfield, MA 01983-0360 | MA | 2006-12 | $119,969 |
| 4 | Needham Boys Youth Lacrosse Inc | 1197 Great Plain Ave, Needham, MA 02492-2206 | MA | 2012-06 | $112,823 |
| 5 | Weston Youth Lacrosse Inc | 146 North Ave, Weston, MA 02493-2026 | MA | 2000-08 | $87,019 |
| 6 | Marshfield Boys Youth Lacrosse Inc | 17 Shermans Waye, Marshfield, MA 02050 | MA | 2012-03 | $80,956 |
| 7 | Walpole Youth Lacrosse League Inc | PO BOX 532, Walpole, MA 02081-0532 | MA | 2014-03 | $74,346 |
| 8 | Massachusetts Youth Rugby Organization Inc | 38 John Street, East Longmeadow, MA 01028 | MA | 2013-01 | $58,377 |
| 9 | Ipswich Youth Lacrosse Inc | PO BOX 671, Ipswich, MA 01938 | MA | 2007-07 | $42,354 |
| 10 | Swampscott Nahant Youth Lacrosse | 545 Salem Street 3rd Fl, Wakefield, MA 01880 | MA | 2013-03 | $21,480 |
| 11 | Nashoba Girls Lacrosse Inc | PO BOX 154, Stow, MA 01775-0154 | MA | 2009-12 | $16,957 |
| 12 | Marthas Vineyard Community Tennis Inc | PO BOX 72, Oak Bluffs, MA 02557 | MA | 2011-09 | $11,326 |
| 13 | Hingham Girls Volleyball Inc | 2 Pinecrest Rd, Hingham, MA 02043-3027 | MA | 2012-10 | $10,656 |
| 14 | Belmont Tennis Club | Po Box 142, Belmont, MA 02478-0002 | MA | 2014-12 | $0 |
| 15 | Canton Midget Lacrosse Association Inc | 10 Nathaniel Way, Canton, MA 02021-3852 | MA | 2000-12 | $0 |
| 16 | Fairhaven Tennis Association Inc | 444 Dana Farms, Fairhaven, MA 02719 | MA | 2011-05 | $0 |
| 17 | Friends Of Reading Tennis | 37 Warren Avenue, Reading, MA 01867 | MA | 2012-05 | $0 |
| 18 | Khelshala Inc | 88 Standish Street, Cambridge, MA 02138 | MA | 2007-05 | $0 |
| 19 | Marshfield Tennis Club | 74 Shawmut Ave, Marshfield, MA 02050 | MA | 2007-06 | $0 |
| 20 | Massachusetts Badminton Association | 11 Buffalo Run, Southborough, MA 01772 | MA | 2015-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,056 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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