Venture Industrial Services Inc in Summerville, South Carolina (SC)

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Venture Industrial Services Inc
Employer Identification Number (EIN)570939160
Name of OrganizationVenture Industrial Services Inc
AddressPO BOX 2950, Summerville, SC 29484-2950
ActivitiesSpecial school for the blind, handicapped, etc, Aid to the handicapped (see also 031)
SubsectionCharitable Organization
Ruling Date09/1994
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$26,755
Amount of Income$197,463
Form 990 Revenue Amount$197,463


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Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$185,845$193,656$197,463
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$185,845$193,656$197,463
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$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$185,845$193,656$197,463
Total net assets$-183,003$-183,003$-99,408
Excess/Deficit for the year$0$0$0
Net assets or fund balances at beginning of year$-183,003$-183,003$-183,003
Other changes in net assets or fund balances$0$0$83,595
Net assets or fund balances at end of year$-183,003$-99,408
Balance Sheets
201220132014
Total assets$60,287$55,072$26,755
Total liabilities$243,290$238,075$126,163
Net assets or fund balances$-183,003$-183,003$-99,408
Other Information
201220132014
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 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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$726,648
Subtotal$896,870
Gifts, grants, contributions, and membership fees received$0
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$896,870
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$170,222
Amounts received from disqualified persons$170,222
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$897,020
Public support$896,870
Subtotal$150
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$150
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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