Petoskey Music Boosters in Petoskey, Michigan (MI)
Table of contents:
| Petoskey Music Boosters | |
| Employer Identification Number (EIN) | 382387256 |
| Name of Organization | Petoskey Music Boosters |
| In Care of Name | Petoskey High School |
| Address | 1500 Hill St, Petoskey, MI 49770-2782 |
| Activities | Booster club |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 05/1983 |
| 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 | 05/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $56,685 |
| Amount of Income | $129,748 |
| Form 990 Revenue Amount | $93,910 |
Non-representatives - add comments:
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $50,740 | $69,125 | $93,910 |
| Contributions, gifts, grants, and similar amounts received | $3,730 | $4,432 | $19,783 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $46,847 | $64,572 | $73,944 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $93,568 | $104,396 | $109,782 |
| Less: direct expenses from gaming and fundraising events | $46,721 | $39,824 | $35,838 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $163 | $121 | $183 |
| Total expenses | $49,971 | $61,999 | $68,267 |
| Total net assets | $15,516 | $22,642 | $48,285 |
| Excess/Deficit for the year | $769 | $7,126 | $25,643 |
| Net assets or fund balances at beginning of year | $14,747 | $15,516 | $22,642 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $22,642 | $48,285 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $15,516 | $22,642 | $56,685 |
| Total liabilities | $0 | $0 | $8,400 |
| Net assets or fund balances | $15,516 | $22,642 | $48,285 |
| 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: (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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $482,548 |
| Subtotal | $482,548 |
| Gifts, grants, contributions, and membership fees received | $148,264 |
| 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 | $334,284 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $484,173 |
| Public support | $482,548 |
| Subtotal | $1,625 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,625 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Other organizations in Michigan | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Peter Welsch Memorial Fund | 114 W 1st St, Tawas City, MI 48763-9389 | MI | 2005-10 | $334 |
| 2 | Peterson Family Foundation | 74 E Long Lake Rd Ste 100, Bloomfld Hls, MI 48304-2397 | MI | 1999-05 | $479,118 |
| 3 | Petitpren Family Foundation | 44500 N Groesbeck Hwy, Clinton Twp, MI 48036-1111 | MI | 2003-12 | $20 |
| 4 | Petoskey Academy Of Miniature Aircraft | 1145 Woodridge Dr, Petoskey, MI 49770-8929 | MI | 2005-03 | $1,257 |
| 5 | Petoskey Area Hockey Association | PO BOX 862, Petoskey, MI 49770-0862 | MI | 1997-01 | $120,903 |
| 6 | Petoskey Chamber Of Commerce | 401 E Mitchell St, Petoskey, MI 49770-2623 | MI | 1947-06 | $507,988 |
| 7 | Petoskey Children's Nursery Inc | 1804 Mitchell Street, Petoskey, MI 49770 | MI | 1991-01 | $0 |
| 8 | Petoskey Duplicate Bridge Center | PO BOX 722, Petoskey, MI 49770-0722 | MI | 2009-04 | $69,740 |
| 9 | Petoskey Education Foundation | 555 Michigan St, Petoskey, MI 49770-2641 | MI | 1991-05 | $66,054 |
| 10 | Petoskey Montessori Childrens House | 1560 E Mitchell Rd, Petoskey, MI 49770-9601 | MI | 1974-02 | $259,718 |
| 11 | Petoskey Music Boosters | 1500 Hill St, Petoskey, MI 49770-2782 | MI | 1983-05 | $129,748 |
| 12 | Petoskey Outboard Crusing Club | 917w Sheridan St, Petoskey, MI 49770 | MI | 2013-02 | $0 |
| 13 | Petoskey Pool & Community Center Inc | Po Box 1740, Petoskey, MI 49770 | MI | 2008-07 | $0 |
| 14 | Petoskey Rotary Club Charities | PO BOX 331, Petoskey, MI 49770-0331 | MI | 1990-08 | $60,761 |
| 15 | Petoskey Youth Soccer Association | PO BOX 751, Petoskey, MI 49770-0751 | MI | 1992-09 | $232,652 |
| 16 | Petoskey-Bay View Country Club | PO BOX 400, Petoskey, MI 49770-0400 | MI | 1979-08 | $1,359,630 |
| 17 | Petoskey-Harbor Springs Area Community Foundation | 616 Petoskey St Ste 203, Petoskey, MI 49770-2779 | MI | 1992-05 | $6,211,864 |
| 18 | Petsafe Rescue Alliance | PO BOX 2328, Traverse City, MI 49685-2328 | MI | 2002-06 | $35,992 |
| 19 | Pewabic Society Inc | 10125 E Jefferson Ave, Detroit, MI 48214-3138 | MI | 1980-01 | $2,831,371 |
| 20 | Peyser Foundation For Population Health | PO BOX 131280, Ann Arbor, MI 48113-1280 | MI | 2008-08 | $277,973 |
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