Chessie Jr Racing Inc in Annapolis, Maryland (MD)

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Chessie Jr Racing Inc
Employer Identification Number (EIN)261660327
Name of OrganizationChessie Jr Racing Inc
In Care of NameLorie Stout
AddressPo Box 4367, Annapolis, MD 21403
Websitehttp://www.chessiejr.org
SubsectionEducational Organization
Ruling Date09/2008
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2008
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$25,122
Amount of Income$58,911
Form 990 Revenue Amount$58,911
National Taxonomy of Exempt Entities (NTEE)Youth Development: Youth Development Programs, Other


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Financial snapshot ($)

Revenue for 2010

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2010)
Total revenue$57,536
Contributions, gifts, grants, and similar amounts received$31,849
Program service revenue including government fees and contracts$22,856
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$2,831
Gross income from gaming$0
Gross income from fundraising events$5,079
Less: direct expenses from gaming and fundraising events$2,248
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$69,935
Total net assets$22,069
Deficit for the year$-12,399
Net assets or fund balances at beginning of year$34,468
Other changes in net assets or fund balances$0
Balance Sheets (for 2010)
Total assets$36,276
Total liabilities$14,207
Net assets or fund balances$22,069
Other Information (for 2010)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2010)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010)
2006 - 2010 Total
Total support$149,772
Gifts, grants, contributions, and membership fees received$123,261
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$26,343
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Other$168
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