Fibark Boat Races Inc in Salida, Colorado (CO)

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Fibark Boat Races Inc
Employer Identification Number (EIN)742232604
Name of OrganizationFibark Boat Races Inc
AddressPO BOX 762, Salida, CO 81201-0762
SubsectionCivic League
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$102,620
Amount of Income$168,288
Form 990 Revenue Amount$132,042


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Financial snapshot ($)

Revenue for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$132,042
Contributions, Gifts, Grants and Other Similar Amounts$79,027
Program Service Revenue$30,155
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$11
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental loss$-9,925
Gross rents (Real / Personal)$0 / $0
Less: rental expenses (Real / Personal)$9,925 / $0
Rental income or (loss) (Real / Personal)$-9,925 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$3,517
Gross income from fundraising events$3,517
Less: direct expenses$0
Net income from gaming activities$0
Net income from sales of inventory$29,257
Gross sales of inventory, less returns and allowances$55,578
Less: cost of goods sold$26,321
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$148,782
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$148,782
Balance Sheet (for 2011)
Total assets$102,620
Total liabilities$0
Total net assets or fund balances$102,620
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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