Lake Lytal Lightning Swim Team Inc in West Palm Bch, Florida (FL)

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Lake Lytal Lightning Swim Team Inc
Employer Identification Number (EIN)650930932
Name of OrganizationLake Lytal Lightning Swim Team Inc
In Care of NameGordon R Andrews
Address5448 Berry Blossom Way E, West Palm Bch, FL 33415-4442
SubsectionCharitable Organization, Educational Organization
Ruling Date09/1999
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 Period06/2014
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$18,835
Amount of Income$70,622
Form 990 Revenue Amount$46,002
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation


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Amount of income in 2014: $70,622 (it was $50,700 in 2013)
Lake Lytal Lightning Swim Team Inc: 

 $70,622
Other organizations performing similar types of work: 

 $81,788

Assets in 2014: $18,835 (it was $13,990 in 2013)
Lake Lytal Lightning Swim Team Inc: 

 $18,835
Other organizations performing similar types of work: 

 $33,448

Expenses in 2013: $36,674
This organization: 

 $36,674
Other organizations performing similar types of work: 

 $75,206

Income to expenses ratio in 2013: 1.9
This organization: 

 1.9
Other organizations performing similar types of work: 

 0.9

Grants share in income in 2013: 0.0%
Lake Lytal Lightning Swim Team Inc: 

 0.0%
Other organizations performing similar types of work: 

 78.3%

Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$43,653$37,218$38,097
Contributions, gifts, grants, and similar amounts received$2,070$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$13,337$12,534$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$28,191$24,687$38,097
Gross income from gaming$0$0$0
Gross income from fundraising events$66,661$57,107$50,700
Less: direct expenses from gaming and fundraising events$38,420$32,423$12,603
Gross profit/loss from sales of inventory$-149$0$0
Other revenue$204$0$0
Total expenses$3,064$40,196$36,674
Total net assets$15,545$12,567$13,990
Excess/Deficit for the year$40,589$-2,978$1,423
Net assets or fund balances at beginning of year$-25,044$15,545$12,567
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$12,567$13,990
Balance Sheets
201120122013
Total assets$15,545$12,567$13,990
Total liabilities$0$0$0
Net assets or fund balances$15,545$12,567$13,990
Other Information
201120122013
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 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$293,863
Subtotal$293,863
Gifts, grants, contributions, and membership fees received$10,257
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$283,606
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$293,870
Public support$293,863
Subtotal$7
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$7
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
1Elkins Lake Recreation Corporation8765 Spring Cypress Suite L206, Spring, TX 77379-3194TX2014-08$4,392,501
2Whitefish Community Aquatics And Health Center1250 Baker Ave, Whitefish, MT 59937-2955MT1995-03$2,473,242
3Lincoln Way Swim AssociationPO BOX 471, Mokena, IL 60448-0471IL2003-05$439,073
4Typhoon Aquatics Inc6523 Fairbrook Ct, Gloucester, VA 23061VA2002-01$356,795
5Norwalk Aquatic Club255 Fillow St, Norwalk, CT 06850-2720CT2006-11$288,854
6Skiff Sailing Foundation933 Polk St, Albany, CA 94706-1562CA2002-05$249,630
7Drummond Hill Pool IncPO BOX 15011, Newark, DE 19711-0011DE2002-11$86,491
8Michigan City Yacht Club Foundation Inc12 On The Lk, Michigan City, IN 46360-3272IN2003-06$45,520
9Hollywood Silver Dolphins Inc1345 N Fuller Ave Apt 202 Ste 306, Los Angeles, CA 90046-4859CA2003-08$38,168
10Red Bank Pool Advisory Committee Inc4509 Crestview Drive, Chattanooga, TN 37415TN2004-08$32,408
11Panama City Swim TeamPO BOX 15651, Panama City, FL 32406-5651FL2003-03$423,902
12Plant High Rowing Association IncPO BOX 10576, Tampa, FL 33679-0576FL2001-02$404,953
13Coast Aquatics Inc204 Buck Dr Ne, Ft Walton Bch, FL 32548-5060FL2006-01$286,643
14Neptune Aquatics Inc4000 Jefferson St, Hollywood, FL 33021-7316FL1997-12$284,894
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17Coral Springs Swim Club Inc12441 Royal Palm Blvd, Coral Springs, FL 33065-3279FL2000-07$261,726
18Ocala Aquatics Inc430 Sw 43rd Pl, Ocala, FL 34471-7450FL2001-08$169,760
19Abilities At Windjammer Inc2735 Whitney Rd, Clearwater, FL 33760-1610FL1996-04$149,507
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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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