Hypervelocity Impact Society in Ft Walton Bch, Florida (FL)

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Hypervelocity Impact Society
Employer Identification Number (EIN)850386520
Name of OrganizationHypervelocity Impact Society
In Care of NameJames R Asay
Address16 Hydac Rd, Ft Walton Bch, FL 32547-2006
ActivitiesDiscussion groups, forums, panels lectures, etc.
SubsectionEducational Organization
Ruling Date12/1992
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
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$128,061
Amount of Income$19,905
Form 990 Revenue Amount$19,905
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


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Amount of income in 2011: $19,905 (it was $39,782 in 2010)
Hypervelocity Impact Society: 

 $19,905
Other organizations performing similar types of work: 

 $111,130

Assets in 2011: $128,061 (it was $120,431 in 2010)
Hypervelocity Impact Society: 

 $128,061
Other organizations performing similar types of work: 

 $97,828

Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$19,905
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$11,041
Membership dues and assessments$8,740
Investment income$124
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$12,275
Total net assets$128,061
Excess for the year$7,630
Net assets or fund balances at beginning of year$120,431
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$128,061
Total liabilities$0
Net assets or fund balances$128,061
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$277,686
Gifts, grants, contributions, and membership fees received$66,480
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$209,266
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$1,940
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IdNameAddressStateEstablishedTotal Income
1Riverpark Center Inc101 Daviess St, Owensboro, KY 42303-4263KY1988-11$3,139,613
2Womens Intercultural Center IncPO BOX 2411, Anthony, NM 88021-2411NM1993-10$128,367
3Judd Foundation101 Spring St, New York, NY 10012-3903NY1997-02$9,804,236
4Festival Of Arts Of Laguna Beach650 Laguna Canyon Rd, Laguna Beach, CA 92651-1837CA1940-02$9,512,629
5Center Of Creative Arts, Coca524 Trinity Ave, Saint Louis, MO 63130-4314MO1986-08$8,787,158
6Hospital Audiences Inc3302 Skillman Ave Fl 1, Long Is City, NY 11101-2337NY1968-10$5,250,515
7Figge Art Museum225 W 2nd St, Davenport, IA 52801-1804IA1966-09$3,670,351
8Consensus Building Institute238 Main St Ste 400, Cambridge, MA 02142-1016MA1993-09$3,479,088
9Collaborative-Arts Project 21 Inc C/O Frank Ventura18 W 18th St Fl 6, New York, NY 10011-4652NY1994-01$3,382,080
10Dunedin Fine Arts Cultural Center Inc1143 Michigan Blvd, Dunedin, FL 34698-2712FL1978-02$1,815,526
11Fanm Ayisyen Nan Miyami Inc181 Ne 82nd St, Miami, FL 33138-3755FL1994-05$812,398
12American Academy Of Laser Dentistry, Academy Of Laser DentistryPO BOX 8667, Coral Springs, FL 33075-8667FL1993-10$639,677
13Gold Coast Jazz Society Inc1350 E Sunrise Blvd Ste 115, Ft Lauderdale, FL 33304-2816FL1992-10$348,544
14Ron Kenoly Ministries IncPO BOX 2200, Windermere, FL 34786-2200FL1995-05$237,505
15One World Foundation Inc830-13 A1a N 321, Ponte Vedra Beach, FL 32082FL1995-11$125,356
16Cultural Arts Coalition Inc321 Nw 10th St, Gainesville, FL 32601-5010FL1991-04$107,524
17College Assist Inc, College Assist12794 W Forest Hill Blvd Ste 21, Wellington, FL 33414-4757FL1993-06$67,955
18Aca Of Central Florida Inc2759 Marsh Wren Cir, Longwood, FL 32779-3004FL1993-10$41,640
19Hypervelocity Impact Society16 Hydac Rd, Ft Walton Bch, FL 32547-2006FL1992-12$19,905
20Economic Resource Council Inc222-160 Lakeview Ave 269, West Palm Beach, FL 33401FL1993-07$0
Number of organizations performing similar types of work
Alabama8
Arkansas6
Arizona12
California50
Colorado18
Connecticut8
District of Columbia11
Florida32
Georgia14
Hawaii5
Iowa6
Idaho2
Illinois30
Indiana11
Kansas9
Kentucky8
Louisiana4
Massachusetts18
Maryland8
Michigan21
Minnesota12
Missouri22
Mississippi3
Montana3
North Carolina18
North Dakota2
Nebraska9
New Hampshire3
New Jersey19
New Mexico12
Nevada3
New York58
Ohio24
Oklahoma9
Oregon7
Pennsylvania21
Rhode Island5
South Carolina9
South Dakota2
Tennessee13
Texas43
Utah7
Virginia13
Vermont6
Washington8
Wisconsin13
West Virginia5
Wyoming1
International2
Total633

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