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 Period05/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$263,991
Amount of Income$101,301
Form 990 Revenue Amount$101,301
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 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$101,301
Contributions, gifts, grants, and similar amounts received$14,042
Program service revenue including government fees and contracts$44,538
Membership dues and assessments$0
Investment income$503
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$42,218
Gross sales of inventory, less returns and allowances$42,218
Less: cost of goods sold$0
Other revenue$0
Total expenses$181,100
Total net assets$263,991
Excess/Deficit for the year$-79,799
Net assets or fund balances at beginning of year$343,790
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$263,991
Balance Sheets
Total assets$307,001$336,897$263,991
Total liabilities$0$1,113$0
Net assets or fund balances$263,991
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
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?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
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?No
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$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?No
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:Not provided
Number of organizations supported0
Sum of amounts of support$0
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