Lost Creek Raceway Association Inc in Anaconda, Montana (MT)
Table of contents:
| Lost Creek Raceway Association Inc | |
| Employer Identification Number (EIN) | 810440413 |
| Name of Organization | Lost Creek Raceway Association Inc |
| Address | PO BOX 655, Anaconda, MT 59711-0655 |
| Activities | Other sports or athletic activities |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/2015 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $86,659 |
| Amount of Income | $126,041 |
| Form 990 Revenue Amount | $107,433 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Amateur Sports Clubs, Leagues, (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $88,556 | $86,611 | $99,960 |
| Contributions, gifts, grants, and similar amounts received | $251 | $0 | $1,536 |
| Program service revenue including government fees and contracts | $88,270 | $86,598 | $79,725 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $35 | $13 | $23 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $8,702 |
| Gross income from gaming | $0 | $0 | $4,635 |
| Gross income from fundraising events | $0 | $0 | $8,262 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $4,195 |
| Gross profit/loss from sales of inventory | $0 | $0 | $5,314 |
| Gross sales of inventory, less returns and allowances | $0 | $0 | $14,164 |
| Less: cost of goods sold | $0 | $0 | $8,850 |
| Other revenue | $0 | $0 | $4,660 |
| Total expenses | $107,102 | $107,939 | $119,356 |
| Total net assets | $21,324 | $-4 | $-19,400 |
| Excess/Deficit for the year | $-18,546 | $-21,328 | $-19,396 |
| Net assets or fund balances at beginning of year | $39,870 | $21,324 | $-4 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-4 | $-19,400 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $135,233 | $107,042 | $87,703 |
| Total liabilities | $113,909 | $107,046 | $107,103 |
| Net assets or fund balances | $21,324 | $-4 | $-19,400 |
| 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: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Other organizations in Montana | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Livingston Roundup Association Inc C/O Bruce E Becker | PO BOX 800, Livingston, MT 59047-0800 | MT | 1997-04 | $283,000 |
| 2 | Livingston Youth Soccer Association Inc | PO BOX 556, Livingston, MT 59047-0556 | MT | 1989-05 | $111,503 |
| 3 | Lloyd D Sweet Educational Foundation | PO BOX 638, Chinook, MT 59523-0638 | MT | 1971-10 | $998,861 |
| 4 | Loaves & Fishes Of Livingston | 301a South Main Street, Livingston, MT 59047 | MT | 2000-02 | $0 |
| 5 | Local Union 532 Building Corporatio | PO BOX 80005, Billings, MT 59108-0005 | MT | 1978-09 | $39,230 |
| 6 | Lolo Preschool And Childcare | 11150 Napton Way, Lolo, MT 59847-9724 | MT | 1983-08 | $155,594 |
| 7 | Lone Tree Senior Living | 216 14th Ave Sw, Sidney, MT 59270-3519 | MT | 1998-07 | $1,223,044 |
| 8 | Longfellow Parent Association | 516 S Tracy, Bozeman, MT 59715 | MT | 2001-08 | $50,814 |
| 9 | Lore Kann Foundation Inc | 177 Old Clyde Park Rd, Livingston, MT 59047-9226 | MT | 1986-11 | $1,703,106 |
| 10 | Lost And Foundation Limited | 517 Knight St, Helena, MT 59601-2638 | MT | 1997-03 | $121,563 |
| 11 | Lost Creek Raceway Association Inc | PO BOX 655, Anaconda, MT 59711-0655 | MT | 2015-03 | $126,041 |
| 12 | Louise E Senft Scholarship Foundation | PO BOX 2309, Great Falls, MT 59403-2309 | MT | $17,461 | |
| 13 | Louvin Foundation | 910 Coburn Rd, Billings, MT 59101-6422 | MT | 2008-09 | $100,000 |
| 14 | Low Line Canal Company | PO BOX 6293, Bozeman, MT 59771-6293 | MT | 1945-05 | $53,583 |
| 15 | Low Vision Montana | Po Box 664, Helena, MT 59624 | MT | 2006-03 | $0 |
| 16 | Lower Clark Fork Watershed Group | PO BOX 1329, Trout Creek, MT 59874-1329 | MT | 2004-09 | $64,590 |
| 17 | Lower Flathead Valley Community Foundation Inc | PO BOX 255, Ronan, MT 59864-0255 | MT | 1998-06 | $2,415,839 |
| 18 | Lower Yellowstone Rural Electric Association Inc | PO BOX 1047, Sidney, MT 59270-1047 | MT | 1940-11 | $21,084,937 |
| 19 | Lustre Bible Academy Society | 294 Lustre Rd, Lustre, MT 59225-9627 | MT | 1965-08 | $835,554 |
| 20 | Lustre Christian Hs Foundation Inc | PO BOX 2145, Wolf Point, MT 59201 | MT | 1999-03 | $94,792 |
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