Midway Elementary School Parent Teacher Organization in Lexington, South Carolina (SC)
Table of contents:
| Midway Elementary School Parent Teacher Organization | |
| Employer Identification Number (EIN) | 460636901 |
| Name of Organization | Midway Elementary School Parent Teacher Organization |
| In Care of Name | Pto President |
| Address | 180 Midway Rd, Lexington, SC 29072-9313 |
| Subsection | Educational Organization |
| Ruling Date | 08/2014 |
| 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 | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $75,018 |
| Amount of Income | $142,226 |
| Form 990 Revenue Amount | $85,149 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Parent/Teacher Group |
Non-representatives - add comments:
Amount of income in 2014: $142,226 (it was $76,464 in 2013)
| Midway Elementary School Parent Teacher Organization: | $142,226 |
| Other organizations performing similar types of work: | $58,858 |
Assets in 2014: $75,018 (it was $61,892 in 2013)
| This organization: | $75,018 |
| Other organizations performing similar types of work: | $25,014 |
Expenses in 2014: $72,023
| This organization: | $72,023 |
| Other organizations performing similar types of work: | $35,511 |
Income to expenses ratio in 2014: 2.0
| This organization: | 2.0 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2014: 5.0%
| Midway Elementary School Parent Teacher Organization: | 5.0% |
| Other organizations performing similar types of work: | 3.3% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2013 | 2014 | |
|---|---|---|
| Total revenue | $76,464 | $85,149 |
| Contributions, gifts, grants, and similar amounts received | $0 | $4,287 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $65,411 | $72,523 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $148,851 | $119,805 |
| Less: direct expenses from gaming and fundraising events | $83,440 | $47,282 |
| Gross profit/loss from sales of inventory | $11,053 | $5,219 |
| Gross sales of inventory, less returns and allowances | $12,842 | $15,014 |
| Less: cost of goods sold | $1,789 | $9,795 |
| Other revenue | $0 | $3,120 |
| Total expenses | $24,515 | $72,023 |
| Total net assets | $61,892 | $75,018 |
| Excess/Deficit for the year | $51,949 | $13,126 |
| Net assets or fund balances at beginning of year | $0 | $61,892 |
| Other changes in net assets or fund balances | $9,943 | $0 |
| Net assets or fund balances at end of year | $61,892 | $75,018 |
| Balance Sheets | ||
| 2013 | 2014 | |
|---|---|---|
| Total assets | $61,892 | $75,018 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $61,892 | $75,018 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 | $300,799 |
| Subtotal | $300,799 |
| Gifts, grants, contributions, and membership fees received | $4,287 |
| 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 | $296,512 |
| 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 | $300,799 |
| Public support | $300,799 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Shark Club Inc | PO BOX 4140, Murrells Inlt, SC 29576-2686 | SC | 2004-08 | $361,544 |
| 2 | Rebel Touchdown Club Inc | PO BOX 435, Duncan, SC 29334-0435 | SC | 2004-02 | $193,065 |
| 3 | South Carolina Congress Of Parents And Teachers, Gold Hill Elementary School Pta | 1000 Dave Gibson Blvd, Fort Mill, SC 29708-6416 | SC | 1979-05 | $153,140 |
| 4 | Midway Elementary School Parent Teacher Organization | 180 Midway Rd, Lexington, SC 29072-9313 | SC | 2014-08 | $142,226 |
| 5 | South Pointe High School Boosters Club Inc | 5092 Matthews Simril Rd, Rock Hill, SC 29732-8175 | SC | 2010-02 | $125,976 |
| 6 | North Augusta Middle School | 725 Old Edgefield Rd, North Augusta, SC 29841-4247 | SC | 2010-06 | $123,577 |
| 7 | Lake Carolina Elemenmtary School Pto | 1151 Kelly Mill Rd, Blythewood, SC 29016-8726 | SC | 2010-04 | $117,474 |
| 8 | Hilton Head Island Middle School Pta | 55 Wilborn Rd, Hilton Head, SC 29926-1619 | SC | 2013-04 | $111,310 |
| 9 | St James Elementary Pta | 9711 Saint James Rd, Myrtle Beach, SC 29588-7431 | SC | 2014-10 | $89,294 |
| 10 | Carolina Forest Elementary Pto | 285 Carolina Forest Blvd, Myrtle Beach, SC 29579-3204 | SC | 2013-12 | $84,602 |
| 11 | Carolina Springs Elementary Parent Teacher Organization | 6340 Platt Springs Rd, Lexington, SC 29073-8304 | SC | 2009-03 | $82,917 |
| 12 | Forest Acres Elementary Parent Teac Her Organization, Fae Pta | 401 Mcalister Rd, Easley, SC 29642-1241 | SC | 2013-11 | $82,445 |
| 13 | South Pointe Consolidated Boosterclub | 801 Neely Rd, Rock Hill, SC 29730-4675 | SC | 2007-03 | $77,032 |
| 14 | Charles Pinckney Elementary Schoolpto | 3300 Thomas Cairo Blvd, Mt Pleasant, SC 29466-6981 | SC | 2010-09 | $73,924 |
| 15 | North Springs Elementary School Parent-Teacher Organization | 1300 Clemson Rd, Columbia, SC 29229-8701 | SC | 2014-09 | $72,012 |
| 16 | Arhs Afjrotc Booster Club, Ashley Ridge Hs Sc-20081 Afjrotc | 9800 Delemar Hwy, Summerville, SC 29485 | SC | 2010-12 | $66,267 |
| 17 | West View Elementary School Parent-Teacher Organization | 400 Oak Grove Rd, Spartanburg, SC 29301-2562 | SC | 1999-03 | $62,880 |
| 18 | Crestview Pta, Crestview Elementary School Pta | 509 American Legion Rd, Greer, SC 29651-6190 | SC | 2014-02 | $61,246 |
| 19 | Moore Intermediate School Association Of Parents And Teacher | 191 Westfield Drive, Florence, SC 29501 | SC | 2014-09 | $58,480 |
| 20 | Red Bank Elementary Parent Teacher Organization | 246 Community Dr, Lexington, SC 29073-8464 | SC | 1999-05 | $56,667 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 9,903 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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