Magothy River Sailing Association Inc in Pasadena, Maryland (MD)

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Magothy River Sailing Association Inc
Employer Identification Number (EIN)237353373
Name of OrganizationMagothy River Sailing Association Inc
In Care of NameHOMER M SANDRIDGE
AddressPO BOX 1135, Pasadena, MD 21123
Websitehttp://WWW.MAGOTHYSAILING.ORG
ActivitiesOther social activities, Other sports club, Training in sports
SubsectionPleasure, Recreational, or Social Club
Ruling Date02/1976
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Not required to file (all other)
Asset Amount$24,216
Amount of Income$32,234
Form 990 Revenue Amount$32,234


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Financial snapshot ($)

Revenue for 2011

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$32,234
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$23,114
Membership dues and assessments$9,250
Investment income$6
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross loss from sales of inventory$-136
Gross sales of inventory, less returns and allowances$331
Less: cost of goods sold$467
Other revenue$0
Total expenses$34,628
Total net assets$24,216
Deficit for the year$-2,394
Net assets or fund balances at beginning of year$26,610
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$24,216
Total liabilities$0
Net assets or fund balances$24,216
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$650
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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