Lake Thunderbird Educational Foundation in Norman, Oklahoma (OK)

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Lake Thunderbird Educational Foundation
Employer Identification Number (EIN)731522799
Name of OrganizationLake Thunderbird Educational Foundation
In Care of NameWalter E Hedrick
AddressPO BOX 1756, Norman, OK 73070-1756
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Community center
SubsectionEducational Organization
Ruling Date04/1998
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 Period12/2013
Assets$100,000 to $499,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$215,690
Amount of Income$24,493
Form 990 Revenue Amount$24,493
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation


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Amount of income in 2013: $24,493 (it was $16,263 in 2012)
Lake Thunderbird Educational Foundation: 

 $24,493
Other organizations performing similar types of work: 

 $81,788

Assets in 2013: $215,690 (it was $206,847 in 2012)
Lake Thunderbird Educational Foundation: 

 $215,690
Other organizations performing similar types of work: 

 $33,448

Expenses in 2013: $15,650
This organization: 

 $15,650
Other organizations performing similar types of work: 

 $75,206

Income to expenses ratio in 2013: 1.6
This organization: 

 1.6
Other organizations performing similar types of work: 

 0.9

Grants share in income in 2013: 75.8%
Lake Thunderbird Educational Foundation: 

 75.8%
Other organizations performing similar types of work: 

 78.3%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$23,110$16,263$24,493
Contributions, gifts, grants, and similar amounts received$20,101$14,071$18,571
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$10$8$8
Gain/Loss from sale of assets other than inventory$2,999$2,184$1,000
Gross amount from sale of assets other than inventory$4,699$2,184$1,000
Less: cost or other basis and sales expenses$1,700$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$4,914
Total expenses$16,109$15,953$15,650
Total net assets$206,537$206,847$215,690
Excess/Deficit for the year$7,001$310$8,843
Net assets or fund balances at beginning of year$199,536$206,537$206,847
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$206,847$215,690
Balance Sheets
201120122013
Total assets$206,537$206,847$215,690
Total liabilities$0$0$0
Net assets or fund balances$206,537$206,847$215,690
Other Information
201120122013
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 2013)
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 2009 - 2013)
2009 - 2013 Total
Public Support$82,920
Subtotal Support$82,920
Gifts, grants, contributions, and membership fees received$82,920
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$91,504
Public Support$82,920
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$68
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$8,516
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Elkins Lake Recreation Corporation8765 Spring Cypress Suite L206, Spring, TX 77379-3194TX2014-08$4,392,501
2Whitefish Community Aquatics And Health Center1250 Baker Ave, Whitefish, MT 59937-2955MT1995-03$2,473,242
3Lincoln Way Swim AssociationPO BOX 471, Mokena, IL 60448-0471IL2003-05$439,073
4Typhoon Aquatics Inc6523 Fairbrook Ct, Gloucester, VA 23061VA2002-01$356,795
5Norwalk Aquatic Club255 Fillow St, Norwalk, CT 06850-2720CT2006-11$288,854
6Skiff Sailing Foundation933 Polk St, Albany, CA 94706-1562CA2002-05$249,630
7Drummond Hill Pool IncPO BOX 15011, Newark, DE 19711-0011DE2002-11$86,491
8Michigan City Yacht Club Foundation Inc12 On The Lk, Michigan City, IN 46360-3272IN2003-06$45,520
9Hollywood Silver Dolphins Inc1345 N Fuller Ave Apt 202 Ste 306, Los Angeles, CA 90046-4859CA2003-08$38,168
10Red Bank Pool Advisory Committee Inc4509 Crestview Drive, Chattanooga, TN 37415TN2004-08$32,408
11Northwest Swim Circuit, Balcones Country Club Swim Team10104 Glencarrie Lane, Austin, TX 78750TX1997-06$26,395
12Pine Mountain Lake Assoc19228 Pine Mt Dr, Groveland, CA 95321CA2008-09$8,995,792
13C C Pools IncPO BOX 540, Concord, MA 01742-0540MA2000-10$1,859,034
14Lexington Dolphins IncPO BOX 23231, Lexington, KY 40523-3231KY2001-12$1,387,129
15Irvine Youth Water Polo Corporation14 Sudbury Pl, Laguna Niguel, CA 92677-4721CA2007-09$1,279,219
16Poseidon Swimming Foundation5050 Ridgedale Parkway, Richmond, VA 23234VA2002-09$1,236,059
17Long Island Swimming, Liac750 Stewart Ave Unit F, Garden City, NY 11530-4741NY2003-12$1,140,890
18Extreme Aquatice Team IncPO BOX 1386, Edmond, OK 73083-1386OK2000-02$238,583
19Lighthouse Charities Inc, Ocbc Lighthouse Charity RegattaPO BOX 20245, Oklahoma City, OK 73156-0245OK2001-10$52,805
20Lake Thunderbird Educational FoundationPO BOX 1756, Norman, OK 73070-1756OK1998-04$24,493
Number of organizations performing similar types of work
Alaska27
Alabama20
Arkansas10
Arizona45
California413
Colorado64
Connecticut38
District of Columbia6
Delaware9
Florida173
Georgia37
Hawaii57
Iowa23
Idaho15
Illinois66
Indiana74
Kansas16
Kentucky34
Louisiana13
Massachusetts62
Maryland71
Maine14
Michigan92
Minnesota45
Missouri36
Mississippi8
Montana11
North Carolina65
North Dakota3
Nebraska11
New Hampshire23
New Jersey52
New Mexico18
Nevada17
New York143
Ohio77
Oklahoma9
Oregon52
Pennsylvania94
Rhode Island8
South Carolina17
South Dakota13
Tennessee36
Texas216
Utah22
Virginia101
Vermont8
Washington79
Wisconsin78
West Virginia8
Wyoming12
International10
Total2,651

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