Thomas Shipman Sr Memorial Youth Center Inc in Lake Placid, New York (NY)
Table of contents:
| Thomas Shipman Sr Memorial Youth Center Inc | |
| Employer Identification Number (EIN) | 141794204 |
| Name of Organization | Thomas Shipman Sr Memorial Youth Center Inc |
| Address | PO BOX 1122, Lake Placid, NY 12946-5122 |
| Subsection | Charitable Organization |
| Ruling Date | 02/1997 |
| 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 | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $259,101 |
| Amount of Income | $139,364 |
| Form 990 Revenue Amount | $82,482 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Community Recreational Centers |
Non-representatives - add comments:
Amount of income in 2013: $139,364 (it was $143,972 in 2012)
| This organization: | $139,364 |
| Other organizations performing similar types of work: | $80,385 |
Assets in 2013: $259,101 (it was $244,273 in 2012)
| This organization: | $259,101 |
| Other organizations performing similar types of work: | $100,374 |
Expenses in 2013: $67,570
| This organization: | $67,570 |
| Other organizations performing similar types of work: | $63,143 |
Income to expenses ratio in 2013: 2.1
| Thomas Shipman Sr Memorial Youth Center Inc: | 2.1 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 83.4%
| Thomas Shipman Sr Memorial Youth Center Inc: | 83.4% |
| Other organizations performing similar types of work: | 25.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $81,027 | $86,901 | $82,482 |
| Contributions, gifts, grants, and similar amounts received | $90,300 | $75,556 | $68,807 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $15 | $8,334 | $12,437 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-17,144 | $-11,564 | $-11,915 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $40,186 | $38,042 | $38,873 |
| Less: direct expenses from gaming and fundraising events | $57,330 | $49,606 | $50,788 |
| Gross profit/loss from sales of inventory | $428 | $3,904 | $5,403 |
| Gross sales of inventory, less returns and allowances | $2,779 | $11,369 | $11,497 |
| Less: cost of goods sold | $2,351 | $7,465 | $6,094 |
| Other revenue | $7,428 | $10,671 | $7,750 |
| Total expenses | $75,221 | $78,182 | $67,570 |
| Total net assets | $233,943 | $242,668 | $257,579 |
| Excess/Deficit for the year | $5,806 | $8,719 | $14,912 |
| Net assets or fund balances at beginning of year | $227,494 | $233,943 | $242,668 |
| Other changes in net assets or fund balances | $643 | $6 | $-1 |
| Net assets or fund balances at end of year | $242,668 | $257,579 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $238,213 | $244,273 | $259,101 |
| Total liabilities | $4,270 | $1,605 | $1,522 |
| Net assets or fund balances | $233,943 | $242,668 | $257,579 |
| 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 | $668,140 |
| Subtotal | $668,140 |
| Gifts, grants, contributions, and membership fees received | $420,715 |
| 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 | $247,425 |
| 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 | $723,875 |
| Public support | $668,140 |
| Subtotal | $20,844 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $20,844 |
| 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 | $34,891 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Wood River Community Young Mens Christian Association Inc | PO BOX 6801, Ketchum, ID 83340-6801 | ID | 1995-09 | $5,940,555 |
| 2 | Vietnamese American Communitycenter Of The East Bay | 655 International Blvd, Oakland, CA 94606-2911 | CA | 2006-12 | $337,421 |
| 3 | New Settlement Community Campus Corp | 247 W 37th Street Fourth Floor, New York, NY 10018 | NY | 2006-08 | $5,085,829 |
| 4 | Newburgh Armory Unity Center Inc | 655 Little Britain Rd, New Windsor, NY 12553-6150 | NY | 2011-03 | $955,908 |
| 5 | Skating Institute Of Rochester Inc | 1 Boys Club Pl, Rochester, NY 14608-2017 | NY | 2014-07 | $284,554 |
| 6 | Park51 Inc | 31 West 27th Street 9th Floor, New York, NY 10001 | NY | 2012-12 | $181,583 |
| 7 | Gloria Wise Community Center | 651 E 231st St, Bronx, NY 10466-2901 | NY | 2004-05 | $145,362 |
| 8 | Thomas Shipman Sr Memorial Youth Center Inc | PO BOX 1122, Lake Placid, NY 12946-5122 | NY | 1997-02 | $139,364 |
| 9 | Soeurs Redemptrices De Nazareth Inc | 957 New York Ave 2nd Fl, Brooklyn, NY 11203-3805 | NY | 2005-12 | $74,405 |
| 10 | Williamson Recreation Committee | Po Box 152, Williamson, NY 14589 | NY | 2011-01 | $70,993 |
| 11 | Champion Spirit Foundation Inc | 1075 Grand Concourse Apt 1f, Bronx, NY 10452-9014 | NY | 2012-06 | $55,000 |
| 12 | Tru-Way Community Center Inc | 85 Thatcher Avenue, Buffalo, NY 14215 | NY | 2000-09 | $38,355 |
| 13 | Gil Hodges Organization For Children And Families Inc | 1573 Bay Ridge Parkway, Brooklyn, NY 11228 | NY | 2009-03 | $24,820 |
| 14 | Scarsdale Community Center | PO BOX 612, Scarsdale, NY 10583-0612 | NY | 2004-06 | $2,900 |
| 15 | Amsterdam Sports Foundation Inc | 250 W 65th St, New York, NY 10023-6403 | NY | 1999-06 | $0 |
| 16 | Bethlehem Judah Multi Cultural Center | 650 Lenox Ave Ste 13b, New York, NY 10037-1036 | NY | 2012-05 | $0 |
| 17 | Bridge Community Center | PO BOX 36, Copake, NY 12516-0036 | NY | 1995-11 | $0 |
| 18 | Bridge Of Hope Resource Center | 91 Balin Avenue, South Setauket, NY 11720 | NY | 2003-11 | $0 |
| 19 | Cacique Sports Corp | 220 Manhattan Ave Apt 1j, New York, NY 10025-2624 | NY | 2011-04 | $0 |
| 20 | Chautauqua Lake Rowing Association Inc | Po Box 824, Jamestown, NY 14701 | NY | 2007-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,668 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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