Lakeway Airpark Inc in Lakeway, Texas (TX)

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Lakeway Airpark Inc
Employer Identification Number (EIN)742759764
Name of OrganizationLakeway Airpark Inc
Address115 Flying Scot St, Lakeway, TX 78734-5184
SubsectionSocial Welfare Organization
Ruling Date01/1999
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period05/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$336,897
Amount of Income$300,014
Form 990 Revenue Amount$104,517
National Taxonomy of Exempt Entities (NTEE)Public, Society Benefit - Multipurpose and Other: Public, Society Benefit - Multipurpose and Other (Not Elsewhere Classified)

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Financial snapshot ($)

Revenue for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$96,712
Contributions, Gifts, Grants and Other Similar Amounts$13,075
Program Service Revenue$39,955
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$329
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$43,353
Gross sales of inventory, less returns and allowances$181,058
Less: cost of goods sold$137,705
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$63,669
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$307,001
Total liabilities$0
Total net assets or fund balances$307,001
Retained earnings, endowment, accumulated income, or other funds$88,874
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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