Lake Thunderbird Educational Foundation in Norman, Oklahoma (OK)

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Lake Thunderbird Educational Foundation
Employer Identification Number (EIN)731522799
Name of OrganizationLake Thunderbird Educational Foundation
In Care of NameWalter E Hedrick
AddressPO BOX 1756, Norman, OK 73070-1756
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Community center
SubsectionEducational Organization
Ruling Date04/1998
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 Period12/2013
Assets$100,000 to $499,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$215,690
Amount of Income$24,493
Form 990 Revenue Amount$24,493
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation

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Amount of income in 2013: $24,493 (it was $16,263 in 2012)
Lake Thunderbird Educational Foundation: 

Other organizations performing similar types of work: 


Assets in 2013: $215,690 (it was $206,847 in 2012)
Lake Thunderbird Educational Foundation: 

Other organizations performing similar types of work: 


Expenses in 2013: $15,650
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 1.6
This organization: 

Other organizations performing similar types of work: 


Grants share in income in 2013: 75.8%
Lake Thunderbird Educational Foundation: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$23,110$16,263$24,493
Contributions, gifts, grants, and similar amounts received$20,101$14,071$18,571
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$10$8$8
Gain/Loss from sale of assets other than inventory$2,999$2,184$1,000
Gross amount from sale of assets other than inventory$4,699$2,184$1,000
Less: cost or other basis and sales expenses$1,700$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$4,914
Total expenses$16,109$15,953$15,650
Total net assets$206,537$206,847$215,690
Excess/Deficit for the year$7,001$310$8,843
Net assets or fund balances at beginning of year$199,536$206,537$206,847
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$206,847$215,690
Balance Sheets
Total assets$206,537$206,847$215,690
Total liabilities$0$0$0
Net assets or fund balances$206,537$206,847$215,690
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
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)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$82,920
Subtotal Support$82,920
Gifts, grants, contributions, and membership fees received$82,920
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$91,504
Public Support$82,920
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$68
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$8,516
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1University Swim ClubPo Box 10442, Knoxville, TN 37939-0442TN2007-02$43,203
2Us Swimming Inc, Usa Swimming1 Olympic Plaza, Colorado Springs, CO 80909CO2006-03$40,777,941
3Sea Scout Base Galveston7509 Broadway St, Galveston, TX 77554-8921TX2012-02$9,959,938
4International Professional Surfing, Triple Crown Of Surfing59-063 Hoalua St Apt A, Haleiwa, HI 96712-8721HI2013-11$2,830,586
5Seva Seahawks Booster ClubPO BOX 1781, Yorktown, VA 23692-1781VA1995-03$2,663,053
6Row New York1027 46th Ave Ste 101, Long Is City, NY 11101-5202NY2002-03$1,874,869
7Katy Aquatic Team For Youth Inc, Katy Aquatics Summer Team5506 First Street Ave, Katy, TX 77493TX2001-08$1,788,163
8New England Science & Sailing Foundation IncPO BOX 733, Stonington, CT 06378-0733CT2004-08$1,387,535
9Saratoga Rowing Association IncPO BOX 750, Saratoga Spgs, NY 12866-0750NY2001-06$1,240,829
10Sammamish Rowing AssociationPO BOX 3309, Redmond, WA 98073-3309WA1995-10$1,074,124
11Sarasota Crew Inc343 Palmetto Ave, Osprey, FL 34229-9381FL2002-08$1,072,630
12Extreme Aquatice Team IncPO BOX 1386, Edmond, OK 73083-1386OK2000-02$238,583
13Bison Aquatic Club820 W Danforth Rd, Edmond, OK 73003-5006OK2014-08$108,203
14Lighthouse Charities Inc, Ocbc Lighthouse Charity RegattaPO BOX 20245, Oklahoma City, OK 73156-0245OK2001-10$52,805
15Lake Thunderbird Educational FoundationPO BOX 1756, Norman, OK 73070-1756OK1998-04$24,493
16Bixby Swim ClubPo Box 655, Bixby, OK 74008OK2014-11$0
17Guymon Swim TeamPo Box 2000, Guymon, OK 73942OK2002-11$0
18King Marlin Swim Club Boosters IncPobox14994, Oklahoma City, OK 73114OK2014-07$0
19Pisces Project IncP O Box 6093, Norman, OK 73073-6093OK2006-10$0
20Stingray Swim Club16875 East 480 Road, Claremore, OK 74017OK2005-04$0
Number of organizations performing similar types of work
District of Columbia6
North Carolina65
North Dakota3
New Hampshire23
New Jersey52
New Mexico18
New York143
Rhode Island8
South Carolina17
South Dakota13
West Virginia8
Total2,651 is not associated with, endorsed by, or sponsored by Lake Thunderbird Educational Foundation and has no official or unofficial affiliation with Lake Thunderbird Educational Foundation