The Bridgehampton Association in Bridgehampton, New York (NY)

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The Bridgehampton Association
Employer Identification Number (EIN)112706417
Name of OrganizationThe Bridgehampton Association
In Care of NameJanet Bruce
AddressPo Box 507, Bridgehampton, NY 11932
ActivitiesGifts, grants, or loans to other organizations, Described in section 509(a)(2) of the Code, Gifts or grants to individuals (other than scholarships)
SubsectionCharitable Organization
Ruling Date03/1985
DeductibilityContributions are deductible
FoundationOrganization 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
Exempt Organization StatusUnconditional Exemption
Tax Period2010
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$100,187
Amount of Income$40,212
Form 990 Revenue Amount$35,422

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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$36,003
Contributions, gifts, grants, and similar amounts received$325
Program service revenue including government fees and contracts$0
Membership dues and assessments$30
Investment income$1,843
Gain from sale of assets other than inventory$897
Gross amount from sale of assets other than inventory$5,400
Less: cost or other basis and sales expenses$4,503
Net income from gaming and fundraising events$18,010
Gross income from gaming$0
Gross income from fundraising events$20,043
Less: direct expenses from gaming and fundraising events$2,033
Gross profit from sales of inventory$14,898
Gross sales of inventory, less returns and allowances$15,598
Less: cost of goods sold$700
Other revenue$0
Total expenses$33,844
Total net assets$97,679
Excess for the year$2,159
Net assets or fund balances at beginning of year$97,263
Other changes in net assets or fund balances$-1,743
Balance Sheets (for 2011)
Total assets$98,648
Total liabilities$969
Net assets or fund balances$97,679
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$158,734
Gifts, grants, contributions, and membership fees received$1,573
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$146,055
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$11,106
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