Portsmouth Swim Team in Portsmouth, New Hampshire (NH)

Portsmouth Swim Team
Employer Identification Number (EIN)	223077308
Name of Organization	Portsmouth Swim Team
In Care of Name	H Hobbs
Address	1465 Woodbury Ave Pmb 270, Portsmouth, NH 03801-3210
Subsection	Pleasure, Recreational, or Social Club
Ruling Date	03/1991
Foundation	All organizations except 501(c)(3)
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	$97,124
Amount of Income	$159,225
Form 990 Revenue Amount	$159,225

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Financial snapshot ($)

Revenue for 2013

	2011	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$76,171	$115,461	$136,229
Contributions, gifts, grants, and similar amounts received	$0	$2,125	$1,750
Program service revenue including government fees and contracts	$0	$0	$4,421
Membership dues and assessments	$72,512	$108,493	$129,898
Investment income	$121	$107	$160
Gain/Loss from sale of assets other than inventory	$0	$0	$0
Net income/loss from gaming and fundraising events	$3,538	$2,199	$0
Gross profit/loss from sales of inventory	$0	$0	$0
Other revenue	$0	$2,537	$0
Total expenses	$83,827	$92,740	$122,504
Total net assets	$48,020	$70,741	$84,466
Excess/Deficit for the year	$-7,656	$22,721	$13,725
Net assets or fund balances at beginning of year	$55,676	$48,020	$70,741
Other changes in net assets or fund balances	$0	$0	$0
Net assets or fund balances at end of year		$70,741	$84,466

	2011	2012	2013
Balance Sheets
Total assets	$48,020	$70,741	$84,466
Total liabilities	$0	$0	$0
Net assets or fund balances	$48,020	$70,741	$84,466

	2011	2012	2013
Other Information
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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