Lima Fifty-Four Athletic Scholastic Fund Inc in Lima, Ohio (OH)
Table of contents:
| Lima Fifty-Four Athletic Scholastic Fund Inc | |
| Employer Identification Number (EIN) | 261648617 |
| Name of Organization | Lima Fifty-Four Athletic Scholastic Fund Inc |
| In Care of Name | Paul Garman |
| Address | 2050 Spencerville Rd, Lima, OH 45805 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2007 |
| 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 | 2007 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $28,440 |
| Amount of Income | $54,847 |
| Form 990 Revenue Amount | $48,030 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Educational Services and Schools - Other |
Non-representatives - add comments:
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $60,586 | $41,367 | $48,030 |
| Contributions, gifts, grants, and similar amounts received | $57,651 | $32,284 | $54,347 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $4,096 | $9,083 | $-6,317 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $12,808 | $26,641 | $500 |
| Less: direct expenses from gaming and fundraising events | $8,712 | $17,558 | $6,817 |
| Gross profit/loss from sales of inventory | $-1,161 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $63,359 | $41,123 | $24,112 |
| Total net assets | $4,278 | $4,522 | $28,440 |
| Excess/Deficit for the year | $-2,773 | $244 | $23,918 |
| Net assets or fund balances at beginning of year | $7,051 | $4,278 | $4,522 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $4,522 | $28,440 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $4,278 | $4,522 | $28,440 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $4,278 | $4,522 | $28,440 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $282,914 |
| Subtotal | $282,914 |
| Gifts, grants, contributions, and membership fees received | $282,914 |
| 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 | $0 |
| 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 | $282,914 |
| Public support | $282,914 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | $0 |
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| Other organizations in Ohio | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lima Area Joint Apprenticeship & Training Committee | 2285 N Cole St, Lima, OH 45801-2430 | OH | 1959-08 | $615,683 |
| 2 | Lima Area Labor Management Committee Inc | 1975 N West St, Lima, OH 45801-2632 | OH | 2007-06 | $2,285 |
| 3 | Lima Area Mechanical Contractors Association, Lamca | 2077 Embury Park Rd, Dayton, OH 45414-5542 | OH | 2000-07 | $60,707 |
| 4 | Lima Area Mia Pow | 6525 Mayberry Rd, Columbus Grv, OH 45830-9430 | OH | 1984-02 | $20,226 |
| 5 | Lima Area-Mco Health Education Center Inc | 1414 Hill St, Lima, OH 45804-3070 | OH | 1986-08 | $107,561 |
| 6 | Lima Beagle Club | 1610 Lennox Ave, Lima, OH 45804-2752 | OH | 1996-05 | $3,612 |
| 7 | Lima Community Foundation | PO BOX 1086, Lima, OH 45802-1086 | OH | 1966-12 | $727,141 |
| 8 | Lima Company Memorial | 2561 Jade Ct, Grove City, OH 43123-1121 | OH | 2007-07 | $224,969 |
| 9 | Lima Convalescent Home Foundation Inc | 1650 Allentown Rd, Lima, OH 45805-1802 | OH | 1959-04 | $7,700,288 |
| 10 | Lima Ecumenical Housing Corp | 449 South Main Street, Lima, OH 45804-1257 | OH | 1978-06 | $480,521 |
| 11 | Lima Fifty-Four Athletic Scholastic Fund Inc | 2050 Spencerville Rd, Lima, OH 45805 | OH | 2007-04 | $54,847 |
| 12 | Lima Growth Association | 150 S Jackson St, Lima, OH 45801-4522 | OH | 1996-01 | $57,107 |
| 13 | Lima Inter-Faith Senior Housing Inc | 108 E High Street, Lima, OH 45801-4400 | OH | 1979-12 | $445,364 |
| 14 | Lima Legionnaires Charitable Foundation Inc | 711 S Shore Dr, Lima, OH 45804-1061 | OH | 2003-08 | $63,563 |
| 15 | Lima Legionnaires Community Charities Inc | 540 W Market St, Lima, OH 45801 | OH | 2008-06 | $0 |
| 16 | Lima Library Association | 205 W Elm St, Lima, OH 45801-4811 | OH | 1941-08 | $1,807,426 |
| 17 | Lima Lodge No 199 Loyal Order Of Moose, 199 | 2929 N West St, Lima, OH 45801-2010 | OH | 1935-08 | $658,188 |
| 18 | Lima Medical Education Development Corporation | 730 W Market St, Lima, OH 45801-4602 | OH | 1979-09 | $72,534 |
| 19 | Lima Memorial Hospital | 1001 Bellefontaine Ave, Lima, OH 45804-2800 | OH | 1937-04 | $39,284 |
| 20 | Lima Memorial Hospital Auxiliary | 1001 Bellefontaine Ave, Lima, OH 45804-2800 | OH | 1994-08 | $455,487 |
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