Mid Iowa Antique Power Association Inc in Marshalltown, Iowa (IA)

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Mid Iowa Antique Power Association Inc
Employer Identification Number (EIN)421303217
Name of OrganizationMid Iowa Antique Power Association Inc
AddressPO BOX 1475, Marshalltown, IA 50158-1475
ActivitiesHistorical site, records or reenactment, Described in section 509(a)(2) of the Code
SubsectionCharitable Organization
Ruling Date08/1988
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
Exempt Organization StatusUnconditional Exemption
Tax Period08/2012
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$55,912
Amount of Income$60,773
Form 990 Revenue Amount$54,855

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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$50,606
Contributions, gifts, grants, and similar amounts received$1,685
Program service revenue including government fees and contracts$0
Membership dues and assessments$1,582
Investment income$135
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$3,570
Gross income from gaming$4,293
Gross income from fundraising events$767
Less: direct expenses from gaming and fundraising events$1,490
Gross profit from sales of inventory$0
Other revenue$43,634
Total expenses$51,500
Total net assets$47,036
Deficit for the year$-894
Net assets or fund balances at beginning of year$44,024
Other changes in net assets or fund balances$3,906
Balance Sheets (for 2011)
Total assets$47,036
Total liabilities$0
Net assets or fund balances$47,036
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$201,001
Gifts, grants, contributions, and membership fees received$10,593
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$123,272
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$2,430
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