Friends Of Belmont Sport Inc in Belmont, Massachusetts (MA)

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Friends Of Belmont Sport Inc
Employer Identification Number (EIN)043068266
Name of OrganizationFriends Of Belmont Sport Inc
In Care of NameMary Ann Miller
Address68 Walnut St, Belmont, MA 02478-4717
ActivitiesAid to the handicapped (see also 031)
SubsectionCharitable Organization
Ruling Date02/1990
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 Period12/2012
Assets$25,000 to $99,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$56,407
Amount of Income$14,956
Form 990 Revenue Amount$534


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Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$-966
Contributions, gifts, grants, and similar amounts received$7,185
Program service revenue including government fees and contracts$0
Membership dues and assessments$1,950
Investment income$70
Gain from sale of assets other than inventory$0
Net loss from gaming and fundraising events$-10,171
Gross income from gaming$0
Gross income from fundraising events$17,176
Less: direct expenses from gaming and fundraising events$27,347
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$1,268
Total net assets$57,591
Deficit for the year$-2,234
Net assets or fund balances at beginning of year$59,825
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$57,591
Total liabilities$0
Net assets or fund balances$57,591
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$38,238
Gifts, grants, contributions, and membership fees received$36,586
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$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
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$1,652
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