Lake Superior Swim Club in Duluth, Minnesota (MN)
Table of contents:
| Lake Superior Swim Club | |
| Employer Identification Number (EIN) | 273051302 |
| Name of Organization | Lake Superior Swim Club |
| In Care of Name | Anthony Yung |
| Address | 739 Mellwood Ave, Duluth, MN 55804-1717 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2011 |
| 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 | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $10,347 |
| Amount of Income | $63,873 |
| Form 990 Revenue Amount | $63,873 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Physical Fitness and Community Recreational Facilities |
Non-representatives - add comments:
Amount of income in 2013: $63,873 (it was $22,378 in 2012)
| This organization: | $63,873 |
| Other organizations performing similar types of work: | $75,203 |
Assets in 2013: $10,347 (it was $8,857 in 2012)
| Lake Superior Swim Club: | $10,347 |
| Other organizations performing similar types of work: | $56,156 |
Expenses in 2013: $62,383
| This organization: | $62,383 |
| Other organizations performing similar types of work: | $63,875 |
Income to expenses ratio in 2013: 1.0
| Lake Superior Swim Club: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 2.3%
| Lake Superior Swim Club: | 2.3% |
| Other organizations performing similar types of work: | 10.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $0 | $22,378 | $63,873 |
| Contributions, gifts, grants, and similar amounts received | $0 | $1,000 | $1,500 |
| Program service revenue including government fees and contracts | $0 | $0 | $16,133 |
| Membership dues and assessments | $0 | $21,378 | $46,240 |
| 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 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $0 | $13,521 | $62,383 |
| Total net assets | $0 | $8,857 | $10,347 |
| Excess/Deficit for the year | $0 | $8,857 | $1,490 |
| Net assets or fund balances at beginning of year | $0 | $0 | $8,857 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $8,857 | $10,347 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $1 | $8,857 | $10,347 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $0 | $8,857 | $10,347 |
| 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 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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $86,251 |
| Subtotal | $86,251 |
| Gifts, grants, contributions, and membership fees received | $2,500 |
| 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 | $83,751 |
| 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 | $86,251 |
| Public support | $86,251 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Triangle Aquatic Center | 275 Convention Dr, Cary, NC 27511-4257 | NC | 2002-10 | $3,510,557 |
| 2 | Detroit Mountain Recreation Area Inc | 29409 170th St, Detroit Lakes, MN 56501-7570 | MN | 2011-04 | $6,583,079 |
| 3 | Champlin-Dayton Athletic Association | 1453 Helmo Ave N, Oakdale, MN 55128-6002 | MN | 2003-04 | $4,472,761 |
| 4 | Heritage Park Senior Services Center | 1001 Washington Ave N, Minneapolis, MN 55401-1043 | MN | 2010-11 | $137,807 |
| 5 | Lake Superior Swim Club | 739 Mellwood Ave, Duluth, MN 55804-1717 | MN | 2011-08 | $63,873 |
| 6 | Payne Maryland Partnership | 1115 Greenbrier St, Saint Paul, MN 55106-2540 | MN | 2011-01 | $50,106 |
| 7 | John Burch Park Supporters | 406 Mill Street West, Cannon Falls, MN 55009 | MN | 2009-03 | $7,952 |
| 8 | Active Kids Outdoors Foundation | 4305 Little Bluestem Tr N, Lake Elmo, MN 55042 | MN | 2012-08 | $0 |
| 9 | Americas Child Minnesota | 8009 34th Ave S, Minneapolis, MN 55425-1608 | MN | 2000-11 | $0 |
| 10 | Faribault County Trail Association | 20500 375th Ave, Winnebago, MN 56098 | MN | 1997-12 | $0 |
| 11 | Lake Wobegon Trails | 33504 Shorewood Dr, Avon, MN 56310 | MN | 2014-11 | $0 |
| 12 | Mankato Area Bmx | 23533 3rd Ave, Mankato, MN 56001 | MN | 2009-02 | $0 |
| 13 | Northern Lights Archery Club | 114 3rd Street Sw Suite D, Roseau, MN 56751 | MN | 2015-03 | $0 |
| 14 | Orr Recreation And Resource Center Inc | Po Box 322, Orr, MN 55771 | MN | 2014-12 | $0 |
| 15 | Perham Twin Roller Rink | 513 Pinetree Drive, Perham, MN 56573 | MN | 1968-06 | $0 |
| 16 | Rcw Pool Commission Inc | 301 Ne 3rd Street, Renville, MN 56284 | MN | 2009-07 | $0 |
| 17 | Ross Community Rink & Rec Inc | 35493 State Hwy 89, Roseau, MN 56751 | MN | 2014-09 | $0 |
| 18 | Simply Outdoor Experiences Inc | PO BOX 7384, Saint Cloud, MN 56302-7384 | MN | 2012-12 | $0 |
| 19 | The Wreck | 871 Western Avenue North, Park Rapids, MN 56470 | MN | 2014-04 | $0 |
| 20 | Ye Olde Schoolgrounds Inc | 42915 275th Avenue, Laporte, MN 56461 | MN | 2012-04 | $0 |
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| Total | 1,316 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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