The Oyster Bay Sailing Foundation Inc in Oyster Bay, New York (NY)

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The Oyster Bay Sailing Foundation Inc
Employer Identification Number (EIN)112839663
Name of OrganizationThe Oyster Bay Sailing Foundation Inc
In Care of NameThomas H Josten
AddressPO BOX 720, Oyster Bay, NY 11771-0720
ActivitiesAmateur athletic association
SubsectionCharitable Organization
Ruling Date09/1987
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$40,054
Amount of Income$58,845
Form 990 Revenue Amount$58,845

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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$51,904
Contributions, gifts, grants, and similar amounts received$51,900
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$4
Total expenses$35,086
Total net assets$48,608
Excess for the year$16,818
Net assets or fund balances at beginning of year$31,790
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$48,608
Total liabilities$0
Net assets or fund balances$48,608
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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$197,016
Gifts, grants, contributions, and membership fees received$196,452
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$564
Gross receipts from related activities, etc.$109,025
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