Faribo Sno-Go Club Inc in Faribault, Minnesota (MN)

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Faribo Sno-Go Club Inc
Employer Identification Number (EIN)411897059
Name of OrganizationFaribo Sno-Go Club Inc
In Care of NameCarol King
AddressPO BOX 153, Faribault, MN 55021-0153
SubsectionCharitable Organization
Ruling Date12/2007
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$78,954
Amount of Income$48,790
Form 990 Revenue Amount$41,698
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Physical Fitness and Community Recreational Facilities

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Amount of income in 2014: $48,790 (it was $40,196 in 2013)
Faribo Sno-Go Club Inc: 

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Assets in 2014: $78,954 (it was $92,036 in 2013)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2014: $54,780
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2014: 0.9
Faribo Sno-Go Club Inc: 

Other organizations performing similar types of work: 


Grants share in income in 2014: 48.4%
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$39,768$32,075$41,698
Contributions, gifts, grants, and similar amounts received$25,337$18,849$20,186
Program service revenue including government fees and contracts$4,841$6,433$8,048
Membership dues and assessments$3,445$2,714$3,965
Investment income$1,781$70$36
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$4,364$4,009$9,463
Gross income from gaming$0$0$0
Gross income from fundraising events$12,725$12,130$16,555
Less: direct expenses from gaming and fundraising events$8,361$8,121$7,092
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$56,240$49,894$54,780
Total net assets$109,855$92,036$78,954
Excess/Deficit for the year$-16,472$-17,819$-13,082
Net assets or fund balances at beginning of year$126,327$109,855$92,036
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$92,036$78,954
Balance Sheets
Total assets$109,855$92,036$78,954
Total liabilities$0$0$0
Net assets or fund balances$109,855$92,036$78,954
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
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)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$190,720
Subtotal Support$190,720
Gifts, grants, contributions, and membership fees received$190,720
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$195,645
Public Support$190,720
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$4,925
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$68,818
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11Champlin-Dayton Athletic Association1453 Helmo Ave N, Oakdale, MN 55128-6002MN2003-04$4,472,761
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15Albert Lea Figure Skating ClubPO BOX 368, Albert Lea, MN 56007MN2010-08$128,567
16Nelson Community AssociationPO BOX 84, Nelson, MN 56355-0084MN1998-01$107,263
17La Crescent Area Healthy Community Partnership703 S 11th St, La Crescent, MN 55947-1497MN2005-11$105,516
18Dassel-Cokato Regional Ice And Sports CenterPO BOX 958, Cokato, MN 55321-0958MN2002-10$75,553
19Faribo Sno-Go Club IncPO BOX 153, Faribault, MN 55021-0153MN2007-12$48,790
20Gilman Park & Recreation AssociationPo Box 201, Gilman, MN 56329MN1998-03$0
Number of organizations performing similar types of work
District of Columbia11
North Carolina40
North Dakota2
New Hampshire13
New Jersey37
New Mexico3
New York70
Rhode Island3
South Carolina14
South Dakota9
West Virginia13

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