Wellesley High School Sailing Team, Wellesley Sailing Club in Wellesley, Massachusetts (MA)
Table of contents:
| Wellesley High School Sailing Team, Wellesley Sailing Club | |
| Employer Identification Number (EIN) | 272441023 |
| Name of Organization | Wellesley High School Sailing Team |
| Secondary Name | Wellesley Sailing Club |
| In Care of Name | Linda Juliano |
| Address | 6 Durant Road, Wellesley, MA 02482 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 05/2011 |
| 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 | 2010 |
| Assets | $10,000 to $24,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $11,849 |
| Amount of Income | $16,020 |
| Form 990 Revenue Amount | $12,270 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2010: $16,020 (it was $12,270 in 2014)
| Wellesley High School Sailing Team, Wellesley Sailing Club: | $16,020 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2010: $11,849 (it was $11,849 in 2014)
| This organization: | $11,849 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2014: $6,418
| Wellesley High School Sailing Team, Wellesley Sailing Club: | $6,418 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2014: 2.5
| Wellesley High School Sailing Team, Wellesley Sailing Club: | 2.5 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2014: 15.0%
| This organization: | 15.0% |
| Other organizations performing similar types of work: | 78.3% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $10,163 | $20,729 | $12,270 |
| Contributions, gifts, grants, and similar amounts received | $210 | $10,450 | $1,835 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $3,160 | $4,600 | $5,750 |
| Investment income | $28 | $25 | $7 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $6,765 | $5,653 | $4,677 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $9,794 | $9,760 | $8,428 |
| Less: direct expenses from gaming and fundraising events | $3,028 | $4,106 | $3,750 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $7,552 | $36,301 | $6,418 |
| Total net assets | $23,546 | $5,997 | $11,849 |
| Excess/Deficit for the year | $2,611 | $-15,572 | $5,851 |
| Net assets or fund balances at beginning of year | $20,935 | $23,545 | $5,998 |
| Other changes in net assets or fund balances | $0 | $-1,976 | $0 |
| Net assets or fund balances at end of year | $5,997 | $11,849 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $23,546 | $5,997 | $11,849 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $23,546 | $5,997 | $11,849 |
| Other Information | |||
| 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 |
| 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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $22,075 |
| Subtotal Support | $22,075 |
| Gifts, grants, contributions, and membership fees received | $22,075 |
| 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 | $25,317 |
| Public Support | $22,075 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $3,242 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $898,825 |
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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 | Neponset Valley River Rats Inc | 1125 East St, Mansfield, MA 02048-3411 | MA | 2011-02 | $342,985 |
| 3 | Pioneer Valley Riverfront Club Inc, Charle Hines | 121 West St, Springfield, MA 01104-3321 | MA | 2009-07 | $340,425 |
| 4 | Seekonk Swimming And Tennis Club Inc | 255 Davis St, Seekonk, MA 02771-1420 | MA | 2004-03 | $314,797 |
| 5 | Belmont Crew Club Inc, Arlington Belmont Crew Club | 31 Raleigh Road, Belmont, MA 02478-2879 | MA | 2007-10 | $292,586 |
| 6 | Valpo Surf Project Inc | 99 Pleasant Street, Cambridge, MA 02139 | MA | 2010-10 | $142,029 |
| 7 | Annisquam Yacht Club Sailing & Tennis Program Inc | 91 Pleasant St, Gloucester, MA 01930-2714 | MA | 2011-07 | $141,154 |
| 8 | Bluefish Boosters Inc | 33 Buck Knoll Road, Raynham, MA 02767 | MA | 2008-05 | $68,092 |
| 9 | Southcoast Aquatics Inc | 374 Farm St, New Bedford, MA 02740-2131 | MA | 2002-11 | $48,466 |
| 10 | Sandy Point Sailing Association Inc | PO BOX 36, Beverly, MA 01915-0001 | MA | 1997-08 | $39,578 |
| 11 | Swim Winchester Inc | PO BOX 44, Winchester, MA 01890-0044 | MA | 2014-08 | $20,231 |
| 12 | Sail Marblehead Inc | PO BOX 1430, Marblehead, MA 01945-5430 | MA | 2002-04 | $20,000 |
| 13 | Mass Bay Sailing League, Massachusetts Bay League | 21 David Mugar Way, Boston, MA 02114 | MA | 2002-12 | $17,555 |
| 14 | Wellesley High School Sailing Team, Wellesley Sailing Club | 6 Durant Road, Wellesley, MA 02482 | MA | 2011-05 | $16,020 |
| 15 | Whaling City Rowing Club Inc | PO BOX 40625, New Bedford, MA 02744-0006 | MA | 2000-03 | $12,884 |
| 16 | Boston Elite Swim Team Inc | PO BOX 300407, Jamaica Plain, MA 02130-0004 | MA | 2009-03 | $12,277 |
| 17 | Orleans Sweeps And Sculls Inc | Po Box 261, Orleans, MA 02653 | MA | 2013-01 | $10,962 |
| 18 | Sail Cape Cod Inc | Po Box 1954, Hyannis, MA 02601 | MA | 2012-12 | $4,097 |
| 19 | Inner City Marine Swim Club | 28 Orange St, Roslindale, MA 02131-2817 | MA | 2011-05 | $2,605 |
| 20 | Eastern Sailing Foundation Inc | PO BOX 1306, Marblehead, MA 01945-5306 | MA | 2010-09 | $932 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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