Watkins Glen Promotions Inc in Watkins Glen, New York (NY)
Table of contents:
| Watkins Glen Promotions Inc | |
| Employer Identification Number (EIN) | 161456177 |
| Name of Organization | Watkins Glen Promotions Inc |
| Address | PO BOX 332, Watkins Glen, NY 14891-0332 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Community promotion |
| Subsection | Charitable Organization |
| Ruling Date | 01/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Suspense |
| 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 | $121,059 |
| Amount of Income | $154,823 |
| Form 990 Revenue Amount | $134,864 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community Coalitions |
Non-representatives - add comments:
Amount of income in 2013: $154,823 (it was $146,265 in 2012)
| This organization: | $154,823 |
| Other organizations performing similar types of work: | $144,504 |
Assets in 2013: $121,059 (it was $106,009 in 2012)
| Watkins Glen Promotions Inc: | $121,059 |
| Other organizations performing similar types of work: | $121,059 |
Expenses in 2013: $127,655
| Watkins Glen Promotions Inc: | $127,655 |
| Other organizations performing similar types of work: | $144,843 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.0%
| Watkins Glen Promotions Inc: | 0.0% |
| Other organizations performing similar types of work: | 29.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $113,293 | $126,598 | $134,864 |
| Contributions, gifts, grants, and similar amounts received | $0 | $1,000 | $0 |
| Program service revenue including government fees and contracts | $113,427 | $111,787 | $117,646 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $138 | $109 | $70 |
| 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 | $-427 | $13,702 | $17,058 |
| Gross sales of inventory, less returns and allowances | $13,504 | $33,369 | $37,017 |
| Less: cost of goods sold | $13,931 | $19,667 | $19,959 |
| Other revenue | $155 | $0 | $90 |
| Total expenses | $119,901 | $129,623 | $127,655 |
| Total net assets | $67,568 | $64,543 | $71,752 |
| Excess/Deficit for the year | $-6,608 | $-3,025 | $7,209 |
| Net assets or fund balances at beginning of year | $74,176 | $67,568 | $64,543 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $64,543 | $71,752 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $109,767 | $106,009 | $121,059 |
| Total liabilities | $42,199 | $41,466 | $49,307 |
| Net assets or fund balances | $67,568 | $64,543 | $71,752 |
| 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 | $644,090 |
| Subtotal | $644,090 |
| Gifts, grants, contributions, and membership fees received | $1,497 |
| 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 | $642,593 |
| 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 | $646,311 |
| Public support | $644,090 |
| Subtotal | $1,826 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,826 |
| 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 | $395 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Long Island Citizens Campaign Inc Dba Citizens Campaign For The, Environment Inc | 225a Main St, Farmingdale, NY 11735-2619 | NY | 1987-04 | $2,181,584 |
| 2 | Jewish Federation Of Rockland County | Of Rockland County, West Nyack, NY 10994 | NY | 1985-11 | $1,322,811 |
| 3 | Deepdale Gardens Community Council Inc | 58 25 Little Neck Pwy, Little Neck, NY 11363 | NY | 1955-02 | $524,233 |
| 4 | Wyandanch Community Development Corporation | 59 Cumberbach St, Wyandanch, NY 11798-4506 | NY | 1986-12 | $347,061 |
| 5 | Queensboro Council For Social Welfare Inc | 2740 Hoyt Ave 2nd Fl, Astoria, NY 11102-2035 | NY | 1959-03 | $319,907 |
| 6 | Coalition For Economic Justice Inc | 237 Main St Ste 1200, Buffalo, NY 14203-2719 | NY | 1990-05 | $213,972 |
| 7 | Neighborhood Preservation Coalition Of New York State Inc | 100 State St Ste 930, Albany, NY 12207-1817 | NY | 1994-05 | $208,401 |
| 8 | Lark Street Area District Management Association Inc | 248 Lark Street, Albany, NY 12210-1127 | NY | 1998-06 | $163,094 |
| 9 | Watkins Glen Promotions Inc | PO BOX 332, Watkins Glen, NY 14891-0332 | NY | 1995-01 | $154,823 |
| 10 | Vito Battista Atelier Foundation Inc | 141 Willoughby St, Brooklyn, NY 11201-5317 | NY | 1991-07 | $136,587 |
| 11 | White Plains Road District Management Association Inc, Pelham Parkway Mall B I D | 2300 Olinville Ave Apt 2of, Bronx, NY 10467-7817 | NY | 1995-01 | $123,873 |
| 12 | Syracuse United Neighbors Incorporated | 1540 S Salina St, Syracuse, NY 13205-1149 | NY | 1978-09 | $111,668 |
| 13 | Suffolk Council Of Jewish Organizations Inc | 74 Hauppauge Rd Rm 53, Commack, NY 11725-4443 | NY | 1994-10 | $105,243 |
| 14 | The Union Of Jamaican Alumni Association Usa Inc | 1452 President St, Brooklyn, NY 11213-4435 | NY | 1995-04 | $84,556 |
| 15 | Bay Improvement Group | PO BOX 351115, Brooklyn, NY 11235 | NY | 1997-09 | $34,718 |
| 16 | Group Four Community Service Inc | 582 Saint Marks Ave, Brooklyn, NY 11216-3514 | NY | 1995-03 | $0 |
| 17 | Inter Community Center For Justice & Peace | 529 Fifth Ave, New York, NY 10017-4608 | NY | 1946-03 | $0 |
| 18 | Valley Stream Rotary Charitable Foundation | 65 Roosevelt Ave, Valley Stream, NY 11581-1106 | NY | 1995-03 | $0 |
| 19 | Waterfront Of Albany Vitalization Effort Inc, Wave | 114 Hackett Blvd, Albany, NY 12209-1337 | NY | 1990-11 | $0 |
| 20 | West 181 Street Beautification Project Inc | 880 W 181 St 4b, New York City, NY 10033-4473 | NY | 1998-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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