Prior Lake Optimists Fund in Prior Lake, Minnesota (MN)
Table of contents:
| Prior Lake Optimists Fund | |
| Employer Identification Number (EIN) | 411954467 |
| Name of Organization | Prior Lake Optimists Fund |
| In Care of Name | James Speiker |
| Address | 16186 Main Ave Se, Prior Lake, MN 55372-1875 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2000 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $285,214 |
| Amount of Income | $35,975 |
| Form 990 Revenue Amount | $35,975 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Children's, Youth Services |
Non-representatives - add comments:
Amount of income in 2014: $35,975 (it was $14,449 in 2013)
| This organization: | $35,975 |
| Other organizations performing similar types of work: | $87,848 |
Assets in 2014: $285,214 (it was $264,868 in 2013)
| This organization: | $285,214 |
| Other organizations performing similar types of work: | $32,434 |
Expenses in 2014: $15,629
| Prior Lake Optimists Fund: | $15,629 |
| Other organizations performing similar types of work: | $79,179 |
Income to expenses ratio in 2014: 2.3
| This organization: | 2.3 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2014: 8.9%
| This organization: | 8.9% |
| Other organizations performing similar types of work: | 84.2% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $43,614 | $16,976 | $14,449 | $35,975 |
| Contributions, gifts, grants, and similar amounts received | $10,300 | $10,300 | $14,395 | $3,185 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $22,766 | $5,612 | $54 | $32,790 |
| Gain/Loss from sale of assets other than inventory | $10,548 | $1,064 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $19,107 | $12,548 | $13,613 | $15,629 |
| Total net assets | $259,604 | $264,032 | $264,868 | $285,214 |
| Excess/Deficit for the year | $24,507 | $4,428 | $836 | $20,346 |
| Net assets or fund balances at beginning of year | $235,097 | $259,604 | $264,032 | $264,868 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $264,032 | $264,868 | $285,214 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $259,604 | $264,032 | $264,868 | $285,214 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $259,604 | $264,032 | $264,868 | $285,214 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | Yes | Yes | No | No |
| Has the organization filed a Form 990-T for the year? | Yes | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 | $20,500 |
| Subtotal | $20,500 |
| Gifts, grants, contributions, and membership fees received | $20,500 |
| 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 | $0 |
| 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 | $20,500 |
| Public support | $20,500 |
| 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 | Youth Services Of Glenview- Northbrook | 3080 W Lake Ave, Glenview, IL 60026-1210 | IL | 1982-08 | $1,259,095 |
| 2 | Kindred Family Focus | 505 Highway 169 N Ste 500, Plymouth, MN 55441-6447 | MN | 2009-09 | $4,864,076 |
| 3 | Way To Grow | 125 W Broadway Ave Ste 110, Minneapolis, MN 55411-2246 | MN | 2004-04 | $2,736,045 |
| 4 | The Sons Of Liberty | 14052 20th St Nw, Annandale, MN 55302-3622 | MN | 2008-10 | $1,075,640 |
| 5 | Youth Farm And Market Project | 128 W 33rd St Ste 2, Minneapolis, MN 55408-4680 | MN | 1998-10 | $747,353 |
| 6 | Sajai Foundation | 6458 Vagabond Ln N, Osseo, MN 55311-1158 | MN | 2007-12 | $345,307 |
| 7 | Reve Academy | 1200 West Broadway Suite 140, Minneapolis, MN 55411 | MN | 2012-01 | $186,410 |
| 8 | Mt Lake Area Sportsmans Club | Po Box 134, Mountain Lake, MN 56159 | MN | 1999-08 | $105,642 |
| 9 | Family Values For Life | 1280 Arcade St, Saint Paul, MN 55106 | MN | 2004-02 | $81,870 |
| 10 | Spark Youth, Spark-Y | 5717 Chowen Ave S, Edina, MN 55410-2347 | MN | 2009-08 | $75,587 |
| 11 | Camp Quest, Camp Quest Of Minnesota | Po Box 42, Navarre, MN 55392 | MN | 2004-05 | $51,868 |
| 12 | International Committee For Chinese Orphans | 3506 Thorwood Ct, Eagan, MN 55123 | MN | 2003-03 | $50,783 |
| 13 | Young Fishers Inc | 750 S Plaza Dr Ste 216, Mendota Hts, MN 55120-1505 | MN | 2005-02 | $43,830 |
| 14 | Watchable Wildlife Inc | PO BOX 319, Marine St Crx, MN 55047-0319 | MN | 2000-03 | $42,811 |
| 15 | Mounds View Senior Party | 585 Kent Ct, Shoreview, MN 55126-2018 | MN | 2010-02 | $40,920 |
| 16 | Sun Country & You | 23241 273rd St Sw, Crookston, MN 56716-9124 | MN | 2006-08 | $7,412 |
| 17 | Creating Connections East2west | 712 Clearbrook Lane, Vadnais Heights, MN 55127 | MN | 2006-08 | $1,250 |
| 18 | Royal Family Kids Camp Of Minnesota Inc | PO BOX 73, St Peter, MN 56082-0073 | MN | 2009-07 | $542 |
| 19 | Kids House | 400 Jackson Ave Nw Ste 206, Elk River, MN 55330-1363 | MN | 2011-02 | $342 |
| 20 | Port Foundation Inc | PO BOX 488, Brainerd, MN 56401-0488 | MN | 2003-04 | $2 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,909 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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