Nova Cycle Sports Foundation Inc in Mequon, Wisconsin (WI)
Table of contents:
| Nova Cycle Sports Foundation Inc | |
| Employer Identification Number (EIN) | 711019165 |
| Name of Organization | Nova Cycle Sports Foundation Inc |
| In Care of Name | Michael A Weber |
| Address | 10325 North Port Washington Road, Mequon, WI 53092-5764 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2007 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $88,172 |
| Amount of Income | $192,064 |
| Form 990 Revenue Amount | $150,218 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Amateur Sports Clubs, Leagues, (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $112,459 | $163,863 | $150,218 |
| Contributions, gifts, grants, and similar amounts received | $96,057 | $151,854 | $139,716 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $6,790 | $6,725 | $10,642 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $-9,300 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $7,200 |
| Less: cost or other basis and sales expenses | $0 | $0 | $16,500 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $562 | $-3,294 | $2,461 |
| Gross sales of inventory, less returns and allowances | $34,710 | $14,387 | $27,807 |
| Less: cost of goods sold | $34,148 | $17,681 | $25,346 |
| Other revenue | $9,050 | $8,578 | $6,699 |
| Total expenses | $145,236 | $128,462 | $200,508 |
| Total net assets | $6,261 | $41,662 | $-8,628 |
| Excess/Deficit for the year | $-32,777 | $35,401 | $-50,290 |
| Net assets or fund balances at beginning of year | $39,038 | $6,261 | $41,662 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $41,662 | $-8,628 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $83,721 | $51,110 | $88,172 |
| Total liabilities | $77,460 | $9,448 | $96,800 |
| Net assets or fund balances | $6,261 | $41,662 | $-8,628 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 | 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 | $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? | 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 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $416,695 |
| Subtotal | $862,702 |
| Gifts, grants, contributions, and membership fees received | $662,887 |
| 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 | $159,721 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $40,094 |
| 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 | $446,007 |
| 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 | $446,007 |
| Total support | $862,702 |
| Public support | $862,702 |
| 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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|---|---|---|---|---|---|
| 1 | Northwoods United Way Inc | PO BOX 177, Rhinelander, WI 54501-0177 | WI | 1976-11 | $177,499 |
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| 3 | Northwoods Wildlife Hospital And Rehabilitation Center Inc | 8683 S Blumenstein Rd, Minocqua, WI 54548-9026 | WI | 1979-04 | $178,193 |
| 4 | Northwoods Women Inc | PO BOX 88, Ashland, WI 54806-0088 | WI | 1982-04 | $498,089 |
| 5 | Norway Shores Inc | 7435 W Wind Lake Rd, Wind Lake, WI 53185-2179 | WI | 1990-03 | $267,933 |
| 6 | Norwegian American Genealogical Center Inc | 415 W Main St, Madison, WI 53703-3116 | WI | 2007-08 | $445,962 |
| 7 | Norwella Council Trust | Jpmorgan Chase Banknapobox 3038, Milwaukee, WI 53201 | WI | 1997-10 | $106,682 |
| 8 | Not Forgotten International Inc | PO BOX 214, Menasha, WI 54952-0214 | WI | 2009-03 | $398,199 |
| 9 | Notre Dame De La Baie Foundation Inc | 610 Maryhill Dr, Green Bay, WI 54303-2092 | WI | 1946-03 | $782,410 |
| 10 | Nova Counseling Services Inc, Nova Treatment Center | 3240 Jackson St, Oshkosh, WI 54901-1208 | WI | 1973-02 | $2,325,218 |
| 11 | Nova Cycle Sports Foundation Inc | 10325 North Port Washington Road, Mequon, WI 53092-5764 | WI | 2007-08 | $192,064 |
| 12 | Elevate Inc | W169 N21005 Meadow Lane, Jackson, WI 53037 | WI | 1977-01 | $775,469 |
| 13 | Nurses Foundation Of Racine Inc | 4705 Hwy V, Franksville, WI 53126 | WI | 2003-11 | $76,483 |
| 14 | Nutrition & Health Associates Inc | 32 E Racine Street, Janesville, WI 53545-4822 | WI | 1984-02 | $1,210,620 |
| 15 | Nyholm Family Foundation | 2305 W Applewood Ln, Glendale, WI 53209-2109 | WI | 1998-11 | $8,762 |
| 16 | Nzingha Institute For Creative Learning And Living Inc | 6122 N 55th St, Milwaukee, WI 53228 | WI | 2005-11 | $222,016 |
| 17 | O Edward Sparks Trust | PO BOX 3038, Milwaukee, WI 53201-3038 | WI | 1987-05 | $70,674 |
| 18 | O Meara Life Resources Inc | PO BOX 237, Richfield, WI 53076-0237 | WI | 1995-04 | $29,817 |
| 19 | O Paul Decker Memorial Foundation | PO BOX 2043, Milwaukee, WI 53201-2043 | WI | 1965-04 | $321,992 |
| 20 | Oak Creek Community Center Inc | 8580 S Howell Ave, Oak Creek, WI 53154-2921 | WI | 1984-10 | $326,617 |
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