New York Electrolysis Association Inc in Brooklyn, New York (NY)

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New York Electrolysis Association Inc
Employer Identification Number (EIN)161589528
Name of OrganizationNew York Electrolysis Association Inc
In Care of NameCatherine Lagrutta
Address7420 Ridge Blvd, Brooklyn, NY 11209-2356
SubsectionBoard of Trade
Ruling Date08/2003
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$21,550
Amount of Income$8,559
Form 990 Revenue Amount$8,559
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Boards of Trade


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Amount of income in 2013: $8,559 (it was $8,113 in 2012)
New York Electrolysis Association Inc: 

 $8,559
Other organizations performing similar types of work: 

 $79,698

Assets in 2013: $21,550 (it was $31,053 in 2012)
New York Electrolysis Association Inc: 

 $21,550
Other organizations performing similar types of work: 

 $49,746

Expenses in 2013: $18,062
This organization: 

 $18,062
Other organizations performing similar types of work: 

 $71,162

Income to expenses ratio in 2013: 0.5
This organization: 

 0.5
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 33.3%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$14,622$8,113$8,559
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$4,505$0$3,385
Membership dues and assessments$10,110$8,095$5,156
Investment income$7$18$18
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$21,443$17,986$18,062
Total net assets$40,926$31,053$21,550
Excess/Deficit for the year$-6,821$-9,873$-9,503
Net assets or fund balances at beginning of year$47,747$40,926$31,053
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$31,053$21,550
Balance Sheets
201120122013
Total assets$40,926$31,053$21,550
Total liabilities$0$0$0
Net assets or fund balances$40,926$31,053$21,550
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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3New York Gaming Association99 Pine St, Albany, NY 12207-2848NY2012-08$1,997,493
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Number of organizations performing similar types of work
Alaska4
Alabama15
Arkansas7
Arizona20
California119
Colorado26
Connecticut22
District of Columbia36
Delaware4
Florida57
Georgia35
Hawaii8
Iowa14
Idaho8
Illinois39
Indiana19
Kansas12
Kentucky8
Louisiana14
Massachusetts22
Maryland18
Maine7
Michigan27
Minnesota16
Missouri17
Mississippi7
Montana10
North Carolina23
North Dakota5
Nebraska6
New Hampshire6
New Jersey34
New Mexico9
Nevada19
New York70
Ohio27
Oklahoma13
Oregon25
Pennsylvania35
Rhode Island8
South Carolina7
South Dakota5
Tennessee16
Texas62
Utah10
Virginia45
Vermont2
Washington24
Wisconsin22
West Virginia8
Wyoming5
International5
Total1,082

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