Odebolt Community Center Inc in Odebolt, Iowa (IA)

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Odebolt Community Center Inc
Employer Identification Number (EIN)421508703
Name of OrganizationOdebolt Community Center Inc
In Care of NameHoward Hustedt
Address211 S Main, Odebolt, IA 51458
SubsectionCharitable Organization
Ruling Date09/2000
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 Period12/2012
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$154,822
Amount of Income$45,810
Form 990 Revenue Amount$22,468
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Community Recreational Centers


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Amount of income in 2012: $45,810
This organization: 

 $45,810
Other organizations performing similar types of work: 

 $86,917

Assets in 2012: $154,822
This organization: 

 $154,822
Other organizations performing similar types of work: 

 $117,673

Expenses in 2005: $29,596
Odebolt Community Center Inc: 

 $29,596
Other organizations performing similar types of work: 

 $163,065

Income to expenses ratio in 2005: 0.9
Odebolt Community Center Inc: 

 0.9
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2005: 0.0%
Odebolt Community Center Inc: 

 0.0%
Other organizations performing similar types of work: 

 77.2%

Grants share in income in 2005: 61.1%
This organization: 

 61.1%
Other organizations performing similar types of work: 

 24.6%

Financial snapshot ($)

Revenue for 2005

Assets at end of 2005

Expenses for 2005

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200320042005
Total revenue$79,019$71,891$26,226
Contributions, gifts, grants, and similar amounts received$60,883$54,041$16,022
Program service revenue including government fees and contracts$4,062$0$5,967
Membership dues and assessments$0$0$0
Investment income$74$83$167
Gain or (loss) from sales of assets other than inventory$0$0$0
Gross amount from sales of assets other than inventory$0$0$0
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$12,536$0$5,384
Gross revenue$13,765$0$5,795
Less: direct expenses other than fundraising expenses$1,229$0$411
Gross profit or (loss) from sales of inventory$661$15,162$-1,322
Gross sales of inventory, less returns and allowances$8,456$27,345$10,610
Less: cost of goods sold$7,795$12,183$11,932
Other revenue$803$2,605$10
Total expenses$57,557$84,197$29,596
Grants and similar amounts paid$80$0$0
Benefits paid to or for members$0$0$0
Salaries, other compensation, and employee benefits$17,040$26,696$0
Professional fees and other payments to independent contractors$55$0$0
Occupancy, rent, utilities, and maintenance$2,952$4,526$13,952
Printing, publications, postage, and shipping$43$74$56
Other expenses$37,387$52,901$15,588
Net assets or fund balances at end of year$120,993$153,916$150,548
Excess or (deficit) for the year$21,462$-12,306$-3,368
Net assets or fund balances at beginning of year$99,531$120,993$153,916
Other changes in net assets or fund balances$0$45,229$0
Balance Sheets
200320042005
Total assets$120,993$153,916$150,546
Cash, savings, and investments$27,297$15,336$11,966
Land and buildings$93,696$138,580$138,580
Other assets$0$0$0
Total liabilities$0$0$0
Net assets or fund balances$120,993$153,916$150,546
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
200220032004
Total$73,810$88,043$81,469
Gifts, grants, and contributions received$38,183$60,883$54,041
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$35,538$27,086$27,345
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$89$74$83
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$24,213
Contributions, gifts, grants, and similar amounts received$4,540
Program service revenue including government fees and contracts$10,032
Membership dues and assessments$0
Investment income$7
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$9,634
Gross sales of inventory, less returns and allowances$26,300
Less: cost of goods sold$16,666
Other revenue$0
Total expenses$25,259
Total net assets$149,369
Deficit for the year$-1,046
Net assets or fund balances at beginning of year$150,415
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$149,372
Total liabilities$3
Net assets or fund balances$149,369
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$105,448
Gifts, grants, contributions, and membership fees received$26,509
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$78,632
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$307
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3Peace Community Center2106 S Cushman Ave, Tacoma, WA 98405-3438WA1997-01$725,898
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Number of organizations performing similar types of work
Alaska7
Alabama34
Arkansas30
Arizona16
California125
Colorado29
Connecticut9
District of Columbia4
Delaware4
Florida46
Georgia33
Hawaii4
Iowa32
Idaho13
Illinois42
Indiana51
Kansas23
Kentucky22
Louisiana17
Massachusetts37
Maryland25
Maine17
Michigan47
Minnesota49
Missouri49
Mississippi20
Montana28
North Carolina59
North Dakota8
Nebraska15
New Hampshire17
New Jersey33
New Mexico13
Nevada3
New York73
Ohio57
Oklahoma17
Oregon28
Pennsylvania83
Rhode Island4
South Carolina26
South Dakota8
Tennessee25
Texas98
Utah5
Virginia43
Vermont19
Washington37
Wisconsin24
West Virginia22
Wyoming16
International1
Total1,547

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