Larkspur Swim And Racquet Club Ltd in Virginia Beach, Virginia (VA)

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Larkspur Swim And Racquet Club Ltd
Employer Identification Number (EIN)237419860
Name of OrganizationLarkspur Swim And Racquet Club Ltd
Address4427 Leatherwood Dr, Virginia Beach, VA 23462
ActivitiesSwimming or tennis club
SubsectionPleasure, Recreational, or Social Club
Ruling Date11/1974
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$48,058
Amount of Income$58,493
Form 990 Revenue Amount$56,475


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$66,920$62,817$59,395
Contributions, gifts, grants, and similar amounts received$4,365$4,368$2,048
Program service revenue including government fees and contracts$10,218$9,910$14,504
Membership dues and assessments$52,247$48,211$42,635
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$90$327$208
Gross sales of inventory, less returns and allowances$1,600$1,841$2,308
Less: cost of goods sold$1,410$1,514$2,099
Other revenue$0$0$0
Total expenses$63,712$68,476$63,905
Total net assets$10,241$49,373$44,862
Excess/Deficit for the year$3,208$-5,659$-4,510
Net assets or fund balances at beginning of year$7,033$55,032$49,372
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$49,373$44,863
Balance Sheets
201120122013
Total assets$10,241$49,373$44,862
Total liabilities$0$0$0
Net assets or fund balances$10,241$49,373$44,862
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$2,500$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:Not provided
Number of organizations supported0
Sum of amounts of support$0
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