Life Begins At 40 Golf Tournament Association in Harlingen, Texas (TX)

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Life Begins At 40 Golf Tournament Association
Employer Identification Number (EIN)746053767
Name of OrganizationLife Begins At 40 Golf Tournament Association
Address5416 Palm Valley Dr S, Harlingen, TX 78552-9063
ActivitiesOther recreational activities, Other sports or athletic activities
SubsectionPleasure, Recreational, or Social Club
Ruling Date08/1956
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period03/2014
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$16,578
Amount of Income$96,166
Form 990 Revenue Amount$96,166


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Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2011201220132014
Total revenue$130,849$117,715$105,860$96,166
Contributions, gifts, grants, and similar amounts received$0$0$3,100$4,600
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$129,545$116,310$102,310$90,050
Investment income$4$5$78$1
Gain/Loss from sale of assets other than inventory$0$0$0$1,079
Gross amount from sale of assets other than inventory$0$0$0$1,079
Less: cost or other basis and sales expenses$0$0$0$0
Net income/loss from gaming and fundraising events$1,300$1,400$372$0
Gross profit/loss from sales of inventory$0$0$0$0
Other revenue$0$0$0$436
Total expenses$136,939$125,477$115,834$106,441
Total net assets$44,589$36,827$26,853$16,578
Excess/Deficit for the year$-6,090$-7,762$-9,974$-10,275
Net assets or fund balances at beginning of year$50,679$44,589$36,827$26,853
Other changes in net assets or fund balances$0$0$0$0
Net assets or fund balances at end of year$26,853$16,578
Balance Sheets
2011201220132014
Total assets$74,873$36,827$26,853$16,578
Total liabilities$30,284$0$0$0
Net assets or fund balances$44,589$36,827$26,853$16,578
Other Information
2011201220132014
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 activitiesNoNoNoNo
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$0
Gross receipts for public use of club facilities$0$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:Not provided
Number of organizations supported0
Sum of amounts of support$0
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