Hits Foundation in Springville, New York (NY)
Table of contents:
| Hits Foundation | |
| Employer Identification Number (EIN) | 271040555 |
| Name of Organization | Hits Foundation |
| Address | 129 Zoar Road, Springville, NY 14141-9248 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2011 |
| 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 | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $226,916 |
| Amount of Income | $73,720 |
| Form 990 Revenue Amount | $47,355 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $73,720 (it was $100,878 in 2012)
| This organization: | $73,720 |
| Other organizations performing similar types of work: | $65,432 |
Assets in 2013: $226,916 (it was $197,224 in 2012)
| Hits Foundation: | $226,916 |
| Other organizations performing similar types of work: | $22,467 |
Expenses in 2013: $17,663
| Hits Foundation: | $17,663 |
| Other organizations performing similar types of work: | $47,492 |
Income to expenses ratio in 2013: 4.2
| This organization: | 4.2 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 70.8%
| Hits Foundation: | 70.8% |
| Other organizations performing similar types of work: | -,nan,(ind)% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $129,502 | $77,143 | $47,355 |
| Contributions, gifts, grants, and similar amounts received | $105,056 | $31,002 | $33,515 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| 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 | $24,446 | $46,141 | $13,840 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $42,425 | $69,876 | $40,205 |
| Less: direct expenses from gaming and fundraising events | $17,979 | $23,735 | $26,365 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $22,666 | $21,865 | $17,663 |
| Total net assets | $138,455 | $193,733 | $223,425 |
| Excess/Deficit for the year | $106,836 | $55,278 | $29,692 |
| Net assets or fund balances at beginning of year | $31,619 | $138,455 | $193,733 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $193,733 | $223,425 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $141,946 | $197,224 | $226,916 |
| Total liabilities | $3,491 | $3,491 | $3,491 |
| Net assets or fund balances | $138,455 | $193,733 | $223,425 |
| 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 | $311,748 |
| Subtotal | $311,748 |
| Gifts, grants, contributions, and membership fees received | $311,748 |
| 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 | $311,748 |
| Public support | $311,748 |
| 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 | Usta Foundation Incorporated | 70 W Red Oak Ln, White Plains, NY 10604-3602 | NY | 1994-12 | $1,829,581 |
| 2 | Hyo Corp | PO BOX 11263, Hauppauge, NY 11788-0967 | NY | 2008-11 | $214,666 |
| 3 | Albany Sports Consortium Inc | 4 Meadow Ln, Albany, NY 12208-1011 | NY | 2011-08 | $200,770 |
| 4 | Hirsch Family Charitable Foundation | 523 Albermarle Road, Cedarhurst, NY 11516-1231 | NY | 2014-04 | $82,816 |
| 5 | Vincent Crotty Memorial Foundation | Po Box 511, Suffern, NY 10901 | NY | 2011-03 | $76,102 |
| 6 | Hits Foundation | 129 Zoar Road, Springville, NY 14141-9248 | NY | 2011-06 | $73,720 |
| 7 | Americas State Parks Foundation | PO BOX 348, Sand Lake, NY 12153-0348 | NY | 2015-04 | $70,000 |
| 8 | Seagulls Football Parents Club Inc | 305e Tysens Lane, Staten Island, NY 10306 | NY | 2010-11 | $55,965 |
| 9 | Heim Elementary Playground Fund | 155 Heim Rd, Williamsville, NY 14221-1353 | NY | 2011-03 | $55,730 |
| 10 | Fly With The Owls | 253 Denton Avenue, Lynbrook, NY 11563 | NY | 2011-07 | $48,190 |
| 11 | Trackmasters Youth Club Inc | 1069 Morris Park Ave, Bronx, NY 10461-1432 | NY | 2003-01 | $35,455 |
| 12 | Sports Angels Inc | One Penn Plaza Ste 6242, New York, NY 10119-0002 | NY | 2006-04 | $13,495 |
| 13 | Sportspeoplle Helping Others Through Sharing Inc | 9002 Messenger Bay Rd, Canastota, NY 13032 | NY | 2008-01 | $5,302 |
| 14 | Wayne Archery Booster Club | PO BOX 175, Ontario Ctr, NY 14520-0175 | NY | 2014-08 | $5 |
| 15 | 745 Gates Housing Development Fund Corporation | 885 Second Avenue 31st Fl, New York, NY 10017 | NY | 2002-01 | $0 |
| 16 | Alexander Neuhaus Memorial Scholarship Fund Inc | 430 East 57 St Apt 8d, New York, NY 10021 | NY | 2014-12 | $0 |
| 17 | Best Dam 5k | 6191 River Road, Downsville, NY 13755 | NY | 2014-11 | $0 |
| 18 | Blasdell Business Association Inc | 108 Lake Avenue, Buffalo, NY 14219 | NY | 2012-06 | $0 |
| 19 | Bobby T Ciccotti Foundation Inc | 5595 Shed Rd, Rome, NY 13440 | NY | 2014-05 | $0 |
| 20 | Cj Miles All-Stars Foundation | 1500 Broadway-28 Floor, New York, NY 10036 | NY | 2007-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,173 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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