Sinawik Inc in Presque Isle, Maine (ME)
Table of contents:
| Sinawik Inc | |
| Employer Identification Number (EIN) | 010353202 |
| Name of Organization | Sinawik Inc |
| In Care of Name | Pi Kiwanis Club |
| Address | PO BOX 361, Presque Isle, ME 04769-0361 |
| Activities | Gifts, grants, or loans to other organizations, Low and moderate income housing |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 02/1978 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $88,463 |
| Amount of Income | $61,131 |
| Form 990 Revenue Amount | $7,523 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $61,131 (it was $60,708 in 2012)
| This organization: | $61,131 |
| Other organizations performing similar types of work: | $71,049 |
Assets in 2013: $88,463 (it was $97,440 in 2012)
| This organization: | $88,463 |
| Other organizations performing similar types of work: | $107,951 |
Expenses in 2013: $16,500
| This organization: | $16,500 |
| Other organizations performing similar types of work: | $41,767 |
Income to expenses ratio in 2013: 3.7
| Sinawik Inc: | 3.7 |
| Other organizations performing similar types of work: | 1.7 |
Grants share in income in 2013: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 99.3% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $21,855 | $15,012 | $7,523 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $253 | $178 | $187 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $21,602 | $14,834 | $7,336 |
| Gross sales of inventory, less returns and allowances | $67,718 | $60,530 | $60,944 |
| Less: cost of goods sold | $46,116 | $45,696 | $53,608 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $10,500 | $5,000 | $16,500 |
| Total net assets | $87,428 | $97,440 | $88,463 |
| Excess/Deficit for the year | $11,355 | $10,012 | $-8,977 |
| Net assets or fund balances at beginning of year | $76,073 | $87,428 | $97,440 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $97,440 | $88,463 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $87,428 | $97,440 | $88,463 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $87,428 | $97,440 | $88,463 |
| Other Information | |||
| 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 | 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 2013) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $16,500 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Mariinsky Foundation Of America Inc | 900 3rd Ave Fl 19, New York, NY 10022-5729 | NY | 2000-07 | $1,086,156 |
| 2 | Jacksonville Fraternal Order Of Police Foundation Inc | 5530 Beach Blvd, Jacksonville, FL 32207-5161 | FL | 2005-02 | $281,562 |
| 3 | Rotary Club Of Lancaster Foundation | PO BOX 1387, Lancaster, PA 17608-1387 | PA | 2001-04 | $113,623 |
| 4 | Concord Rotary Club Foundation Inc | 323 Coddle Market Dr Nw, Concord, NC 28027-2414 | NC | 2009-11 | $71,049 |
| 5 | Sinawik Inc | PO BOX 361, Presque Isle, ME 04769-0361 | ME | 1978-02 | $61,131 |
| 6 | Young Womens Alliance Foundation | PO BOX 1503, Austin, TX 78768 | TX | 1999-06 | $54,242 |
| 7 | Business Women In Petroleum Inc, Valentine Michael J Agent | 6046 Wigton Dr, Houston, TX 77096-4717 | TX | 2004-12 | $16,744 |
| 8 | Rotary Club Of Beverly New Jersey Charitable Foundation | PO BOX 333, Beverly, NJ 08010-0333 | NJ | 2004-05 | $14,559 |
| 9 | Blue Mckenzie Lions Club Foundation | Po Box 185, Blue River, OR 97488 | OR | 2003-02 | $0 |
| 10 | Bradley Bourbonnais Rotary Foundation Fund | Po Box 132, Bourbonnais, IL 60914 | IL | 2006-03 | $0 |
| 11 | Charitable Division Of The Rotary Club Of Durham Great-Bay | P O Box 102, Durham, NH 03824 | NH | 1997-04 | $0 |
| 12 | Kiwanis Club Of Grayslake Foundation | 50 Commerce Dr, Grayslake, IL 60030 | IL | 2004-08 | $0 |
| 13 | Lions Club Of Maple Shade Foundation A Nj Nonprofit Corporat | 37 N Lippincott Ave, Maple Shade, NJ 08052 | NJ | 2010-09 | $0 |
| 14 | Rathdrum Lions Club Foundation | PO BOX 679, Rathdrum, ID 83858-0679 | ID | 2015-02 | $0 |
| 15 | Weston Gun Club Community Foundation Inc | 55 Bluff Ave, Norwalk, CT 06853 | CT | 2000-02 | $0 |
| 16 | Zonta Club Of Kenmore Foundation | Po Box 389, Buffalo, NY 14223 | NY | 2011-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||
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| Total | 16 | ||||||||||||||||||||||||
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