Myrtle Beach Riptides Inc, Mbst in Myrtle Beach, South Carolina (SC)

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Myrtle Beach Riptides Inc, Mbst
Employer Identification Number (EIN)263531664
Name of OrganizationMyrtle Beach Riptides Inc
Secondary NameMbst
Address3001 North Kings Highway, Myrtle Beach, SC 29577-3000
SubsectionCharitable Organization, Educational Organization
Ruling Date01/2009
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2013
Assets$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,514
Amount of Income$32,371
Form 990 Revenue Amount$32,371
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation


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Amount of income in 2013: $32,371 (it was $66,756 in 2011)
This organization: 

 $32,371
Other organizations performing similar types of work: 

 $81,788

Assets in 2013: $2,514 (it was $3,252 in 2011)
Myrtle Beach Riptides Inc, Mbst: 

 $2,514
Other organizations performing similar types of work: 

 $33,448

Expenses in 2013: $38,410
This organization: 

 $38,410
Other organizations performing similar types of work: 

 $75,206

Income to expenses ratio in 2013: 0.8
This organization: 

 0.8
Other organizations performing similar types of work: 

 0.9

Grants share in income in 2013: 31.0%
This organization: 

 31.0%
Other organizations performing similar types of work: 

 78.3%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20112013
Total revenue$66,756$32,371
Contributions, gifts, grants, and similar amounts received$21,904$10,039
Program service revenue including government fees and contracts$16,426$8,209
Membership dues and assessments$28,426$14,123
Investment income$0$0
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$0$0
Total expenses$74,774$38,410
Total net assets$3,252$-4,627
Excess/Deficit for the year$-8,018$-6,039
Net assets or fund balances at beginning of year$11,270$1,412
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$-4,627
Balance Sheets
20112013
Total assets$3,252$2,514
Total liabilities$0$7,141
Net assets or fund balances$3,252$-4,627
Other Information
20112013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?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
Total amount involved$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
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$32,371
Subtotal$32,371
Gifts, grants, contributions, and membership fees received$32,371
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$32,371
Public support$32,371
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
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
4Carolina Aquatics Swim Club IncPO BOX 5592, Columbia, SC 29250-5592SC2007-05$445,861
5Aquatic Booster Club Of The Southern Marlins Racing Team IncPO BOX 30754, Charleston, SC 29417-0754SC2003-07$229,915
6Charleston Community Sailing IncPo Box 21811, Charleston, SC 29413SC2001-01$217,661
7Yacht Club Of Hhi Homeowners IncPO BOX 5063, Hilton Head, SC 29938-5063SC2007-12$181,487
8Myrtle Beach Riptides Inc, Mbst3001 North Kings Highway, Myrtle Beach, SC 29577-3000SC2009-01$32,371
9Greenview Swim TeamPO BOX 4836, Columbia, SC 29240-4836SC2008-07$32,296
10Eastside Aquatic Club5017 Coach Hill Dr, Greenville, SC 29615-3813SC2002-06$234
11Columbia Swim League4613 Winthrop Ave, Columbia, SC 29206SC2014-07$0
12Crowfield Killer Waves Swim Team670 Hamlet Cir, Goose Creek, SC 29445-7116SC2011-06$0
13Cyclone Swimming9 S Point Ct, Bluffton, SC 29910-6132SC2004-04$0
14Daniel Island Swim Team Parent Association295 Seven Farms Drive Suite C-140, Daniel Island, SC 29492SC2012-05$0
15Folly Beach Wahine Classic1536 Oak Island Dr, Charleston, SC 29412SC2014-08$0
16Junior Sailing Of Beafort Inc30 Yacht Club Drive, Beaufort, SC 29907SC2009-04$0
17Reach Sailing Program IncPO BOX 20673, Charleston, SC 29413-0673SC2004-11$0
18Salty Kidz Incorporated208 East Hudson Ave, Folly Beach, SC 29439-1275SC2013-08$0
19Sherwood Pool IncPo Box 844, Cowpens, SC 29330SC2012-03$0
20Swim Lesson Foundation120 Belle Grove Cir, Columbia, SC 29229-8906SC2013-08$0
Number of organizations performing similar types of work
Alaska27
Alabama20
Arkansas10
Arizona45
California413
Colorado64
Connecticut38
District of Columbia6
Delaware9
Florida173
Georgia37
Hawaii57
Iowa23
Idaho15
Illinois66
Indiana74
Kansas16
Kentucky34
Louisiana13
Massachusetts62
Maryland71
Maine14
Michigan92
Minnesota45
Missouri36
Mississippi8
Montana11
North Carolina65
North Dakota3
Nebraska11
New Hampshire23
New Jersey52
New Mexico18
Nevada17
New York143
Ohio77
Oklahoma9
Oregon52
Pennsylvania94
Rhode Island8
South Carolina17
South Dakota13
Tennessee36
Texas216
Utah22
Virginia101
Vermont8
Washington79
Wisconsin78
West Virginia8
Wyoming12
International10
Total2,651

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