Poultney Valley Snowmobile Devils Inc in Poultney, Vermont (VT)

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Poultney Valley Snowmobile Devils Inc
Employer Identification Number (EIN)237399389
Name of OrganizationPoultney Valley Snowmobile Devils Inc
Address61 York Street Ext, Poultney, VT 05764-1020
ActivitiesPension or retirement benefits
SubsectionPleasure, Recreational, or Social Club
Ruling Date10/1974
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$25,000 to $99,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$90,466
Amount of Income$24,300
Form 990 Revenue Amount$21,092


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20122013
Total revenue$27,853$23,536
Contributions, gifts, grants, and similar amounts received$23,165$18,070
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$2,220$2,507
Investment income$45$25
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$1,894$2,912
Gross income from gaming$0$0
Gross income from fundraising events$4,044$4,676
Less: direct expenses from gaming and fundraising events$2,150$1,764
Gross profit/loss from sales of inventory$529$22
Gross sales of inventory, less returns and allowances$574$72
Less: cost of goods sold$45$50
Other revenue$0$0
Total expenses$50,690$42,669
Total net assets$126,897$107,764
Excess/Deficit for the year$-22,837$-19,133
Net assets or fund balances at beginning of year$149,734$126,897
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$107,764
Balance Sheets
20122013
Total assets$126,897$107,764
Total liabilities$0$0
Net assets or fund balances$126,897$107,764
Other Information
20122013
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 activitiesNoNo
Has the organization filed a Form 990-T for the year?No
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$0
Gross receipts for public use of club facilities$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?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
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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