Theanchor Club in Deephaven, Minnesota (MN)
Table of contents:
| Theanchor Club | |
| Employer Identification Number (EIN) | 262642485 |
| Name of Organization | Theanchor Club |
| In Care of Name | Cynthia McCollum |
| Address | 18055 Fairhomes Lane, Deephaven, MN 55391 |
| Website | http://www.minnetonka.k12.mn.us/districtactivities/AnchorClub/Pages/default.aspx |
| Subsection | Charitable Organization |
| Ruling Date | 03/2009 |
| 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 | 2009 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $109,990 |
| Amount of Income | $76,748 |
| Form 990 Revenue Amount | $69,191 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2009: $76,748 (it was $69,191 in 2013)
| Theanchor Club: | $76,748 |
| Other organizations performing similar types of work: | $86,203 |
Assets in 2009: $109,990 (it was $109,990 in 2013)
| This organization: | $109,990 |
| Other organizations performing similar types of work: | $53,182 |
Expenses in 2013: $27,375
| Theanchor Club: | $27,375 |
| Other organizations performing similar types of work: | $53,420 |
Income to expenses ratio in 2013: 2.8
| Theanchor Club: | 2.8 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 66.5%
| This organization: | 66.5% |
| Other organizations performing similar types of work: | 12.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $44,057 | $74,471 | $69,191 |
| Contributions, gifts, grants, and similar amounts received | $31,565 | $56,758 | $46,035 |
| Program service revenue including government fees and contracts | $9,542 | $12,609 | $13,887 |
| 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 | $-2,743 | $0 | $0 |
| Gross profit/loss from sales of inventory | $5,131 | $5,104 | $9,269 |
| Gross sales of inventory, less returns and allowances | $11,537 | $13,949 | $16,826 |
| Less: cost of goods sold | $6,406 | $8,845 | $7,557 |
| Other revenue | $562 | $0 | $0 |
| Total expenses | $29,000 | $38,667 | $27,375 |
| Total net assets | $31,404 | $68,112 | $109,990 |
| Excess/Deficit for the year | $15,057 | $35,804 | $41,816 |
| Net assets or fund balances at beginning of year | $16,347 | $31,404 | $68,112 |
| Other changes in net assets or fund balances | $0 | $904 | $62 |
| Net assets or fund balances at end of year | $69,016 | $109,990 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $31,404 | $68,112 | $109,990 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $31,404 | $68,112 | $109,990 |
| 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 | $284,332 |
| Subtotal | $289,238 |
| Gifts, grants, contributions, and membership fees received | $180,615 |
| 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 | $52,185 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $56,438 |
| 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 | $4,906 |
| Amounts received from disqualified persons | $4,906 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $289,238 |
| Public support | $289,238 |
| 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 | Western Carolina University Research & Development Corporation | Hfr Administration Bldg Ste 312, Cullowhee, NC 28723 | NC | 2002-08 | $3,575,122 |
| 2 | E Shiksha | 8109 Rhode Island Ave S, Bloomington, MN 55438-1146 | MN | 2003-07 | $59 |
| 3 | South St Paul Educational Foundation | 521 Marie Ave, South St Paul, MN 55075-2038 | MN | 1984-10 | $1,877,806 |
| 4 | Doulos Discovery Ministries | PO BOX 3080, Burnsville, MN 55337-8080 | MN | 2002-12 | $861,726 |
| 5 | Holy Cross Education Foundation | 7550 Corporate Way, Eden Prairie, MN 55344-2045 | MN | 2009-09 | $212,807 |
| 6 | Greenleaf Booster Association | 14168 Flagstone Trail, Apple Valley, MN 55124 | MN | 2006-02 | $159,205 |
| 7 | Seven Dreams Foundation, Aileen White And Al Ickler | 4148 Winnetka Ave N, New Hope, MN 55427-1210 | MN | 2006-03 | $117,478 |
| 8 | Semper Quaere Verum Inc, Truth Academy | 5718 Elm Rd, Mound, MN 55364 | MN | 2011-09 | $83,977 |
| 9 | We Believe Foundation, We Believe Alliance | 2575 West 88th Street, Bloomington, MN 55431 | MN | 2008-03 | $77,212 |
| 10 | Theanchor Club | 18055 Fairhomes Lane, Deephaven, MN 55391 | MN | 2009-03 | $76,748 |
| 11 | South Washington County Schools Educstional Foundation Inc | PO BOX 251161, Woodbury, MN 55125-6161 | MN | 1995-08 | $17,680 |
| 12 | School Allies Inc | 122 12th Ave N Ste 101, Saint Cloud, MN 56303-4892 | MN | 2004-02 | $10,095 |
| 13 | Carleton Hockey Alumni Association | 4550 Ids Center 80 S 8th St, Minneapolis, MN 55402 | MN | 2004-11 | $0 |
| 14 | East Grand Forks Education Foundation | Po Box 588, East Grand Forks, MN 56721 | MN | 2011-05 | $0 |
| 15 | Mound Westonka Lacrosse Association | 5025 Wren Rd, Mound, MN 55364 | MN | 2012-04 | $0 |
| 16 | Perhams Promise Inc | 810 2nd Ave Sw, Perham, MN 56573 | MN | 2005-07 | $0 |
| 17 | Saint Ajarat Educational Academy | 1001 15th Ave S, St Cloud, MN 56301-5239 | MN | 2006-03 | $0 |
| 18 | Southeast Asian Schools Foundation | 577 Gorman Ave, St Paul, MN 55107-2914 | MN | 2006-03 | $0 |
| 19 | Taylors Falls School Foundation | 648 West Street, Taylors Falls, MN 55084 | MN | 2008-10 | $0 |
| 20 | Village Fair Carnival League | 15141 Willemite St Nw, Ramsey, MN 55303-4312 | MN | 2008-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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