Circle Of Pride Motorcycle Club in Letts, Iowa (IA)

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Circle Of Pride Motorcycle Club
Employer Identification Number (EIN)421407629
Name of OrganizationCircle Of Pride Motorcycle Club
In Care of NameSteve Tomfeld
Address2495 Freedom Cir, Letts, IA 52754-9515
ActivitiesFundraising, Evangelism
SubsectionCivic League
Ruling Date03/1995
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$610,222
Amount of Income$154,721
Form 990 Revenue Amount$132,020


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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$155,081
Contributions, Gifts, Grants and Other Similar Amounts$105,048
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$12
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$1,602
Gross rents (Real / Personal)$1,602 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$1,602 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$48,419
Gross sales of inventory, less returns and allowances$82,330
Less: cost of goods sold$33,911
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$245,925
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$245,925
Balance Sheet (for 2011)
Total assets$612,649
Total liabilities$433,509
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$433,500
Other$9
Total net assets or fund balances$179,140
Retained earnings, endowment, accumulated income, or other funds$179,140
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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