Palma Promotions Incorporated in Shelbyville, Kentucky (KY)

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Palma Promotions Incorporated
Employer Identification Number (EIN)541697206
Name of OrganizationPalma Promotions Incorporated
In Care of NameDavid E Fiehtner
Address5609 Orphan Ln, Shelbyville, KY 40065
ActivitiesFundraising athletic or sports event
SubsectionCharitable Organization
Ruling Date07/1995
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period02/2013
Assets$10,000 to $24,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$10,853
Amount of Income$24,486
Form 990 Revenue Amount$24,486
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Olympics Committees and Related International Competitions


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Amount of income in 2013: $24,486 (it was $130,401 in 2012)
Palma Promotions Incorporated: 

 $24,486
Other organizations performing similar types of work: 

 $24,486

Assets in 2013: $10,853 (it was $6,130 in 2012)
Palma Promotions Incorporated: 

 $10,853
Other organizations performing similar types of work: 

 $10,853

Financial snapshot ($)

Revenue for 2012

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$130,401
Contributions, gifts, grants, and similar amounts received$130,243
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$158
Total expenses$216,965
Total net assets$5,099
Deficit for the year$-86,564
Net assets or fund balances at beginning of year$91,663
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$6,130
Total liabilities$1,031
Net assets or fund balances$5,099
Other Information (for 2012)
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 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$563,150
Gifts, grants, contributions, and membership fees received$534,770
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$28,380
Gross receipts from related activities, etc.$0
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