PORTSMOUTH PARTNERSHIP INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: PORTSMOUTH PARTNERSHIP INC (EIN 54-6059292)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-05-16
IRS object ID: 201201379349300015
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule B
Schedule C
Schedule D
Schedule G
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-16T17:40:08-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BARNES BROCK CORNWELL & HEILMAN PLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	908 EDEN WAY N STE 201	AddressLine1
City	CHESAPEAKE	City
State	VA	State
ZIP Code	233202640	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	546059292	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	PORTSMOUTH PARTNERSHIP INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	PORT	NameControl
Phone	7573978473	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	200 HIGH STREET	AddressLine1
Address Line2	ROOM/SUITE 201	AddressLine2
City	PORTSMOUTH	City
State	VA	State
ZIP Code	23704	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	BETTY JO GWALTNEY	Name
Title	EXECUTIVE DIRECTOR	Title
Phone	7573978473	Phone
Date Signed	2012-03-01	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	KIMBERLY C PAINTER	Name
Phone	7579615017	Phone
Date Prepared	2012-05-16	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	BETTY JO GWALTNEY	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	200 HIGH STREET SUITE 201	AddressLine1
City	PORTSMOUTH	City
State	VA	State
ZIP Code	23704	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	136695	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1983	YearFormation
State Legal Domicile	VA	StateLegalDomicile
Activity Or Mission Description	TO STIMULATE INDUSTRIAL AND ECONOMIC GROWTH WITHIN PORTSMOUTH, VIRGINIA	ActivityOrMissionDescription
Nbr Voting Members Governing Body	35	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	35	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	25015	ContributionsGrantsPriorYear
Contributions Grants Current Year	25000	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	27320	ProgramServiceRevenuePriorYear
Program Service Revenue CY	43000	ProgramServiceRevenueCY
Investment Income Prior Year	9767	InvestmentIncomePriorYear
Investment Income Current Year	5168	InvestmentIncomeCurrentYear
Other Revenue Prior Year	33208	OtherRevenuePriorYear
Other Revenue Current Year	38427	OtherRevenueCurrentYear
Total Revenue Prior Year	95310	TotalRevenuePriorYear
Total Revenue Current Year	111595	TotalRevenueCurrentYear
Grants And Similar Amnts CY	3350	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	153637	OtherExpensePriorYear
Other Expenses Current Year	155404	OtherExpensesCurrentYear
Total Expenses Prior Year	153637	TotalExpensesPriorYear
Total Expenses Current Year	158754	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-58327	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-47159	RevenuesLessExpensesCY
Total Assets BOY	1535726	TotalAssetsBOY
Total Assets EOY	1497810	TotalAssetsEOY
Total Liabilities EOY	15826	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1535726	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	1481984	NetAssetsOrFundBalancesEOY
Mission Description	TO STIMULATE INDUSTRIAL AND ECONOMIC GROWTH WITHIN PORTSMOUTH, VIRGINIA	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	TO STIMULATE INTEREST IN THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF THE CITY OF PORTSMOUTH, AND TO ASSIST, IMPROVE, AND DEVELOP EXISTING INDUSTRIES, AND TO ASSIST PROSPECTIVE INDUSTRIES ACQUISITION OF LAND AND BUILDINGS.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	true	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form8899 Filed	false	Form8899Filed
Form1098 C Filed	false	Form1098CFiled
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	35	NbrVotingGoverningBodyMembers
Number Independent Voting Members	35	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	EXECUTIVE DIRECTOR	NamePerson
Telephone Number	7573978473	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	200 HIGH STREET	AddressLine1
City	PORTSMOUTH	City
State	VA	State
ZIP Code	23704	ZIPCode

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	X	InfoInScheduleOPartVII
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (35 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
BETTY JO GWALTNEY
EXECUTIVE DI	1.00	X	0	0	0
MATTHEW JAMES
DIRECTOR	0.00	X	0	0	0
DAVID TYNCH
DIRECTOR		X	0	0	0
DIANE GRIFFIN
PAST PRESIDE	0.00	X	0	0	0	X
DONALD W COMER JR
DIRECTOR		X	0	0	0
REV MELVIN O MARRINER
DIRECTOR		X	0	0	0
DR TERRY L JONES
DIRECTOR		X	0	0	0
EDWARD MCCULLOUGH
DIRECTOR		X	0	0	0
JEFFREY J KEEVER
DIRECTOR		X	0	0	0
G ROBERT ASTON JR
DIRECTOR		X	0	0	0
HERBERT A HANEMAN
DIRECTOR		X	0	0	0
J KENNETH JOLLEY
DIRECTOR		X	0	0	0
JAMES BENTO
VICE PRESIDE	2.00	X	0	0	0	X
JERROLD MILLER
DIRECTOR		X	0	0	0
JOHN E BOYLE
DIRECTOR		X	0	0	0
JOHN E HALL
DIRECTOR		X	0	0	0
CAMILLE CROFTON
DIRECTOR		X	0	0	0
JOHN STONE
DIRECTOR		X	0	0	0
JOSEPH DONNELLY
DIRECTOR		X	0	0	0
DR DEBORAH M DICROCE
DIRECTOR		X	0	0	0
MAURICE SLAUGHTER
DIRECTOR		X	0	0	0
MICHAEL KERNER
DIRECTOR		X	0	0	0
P EDWARD WEBB III
DIRECTOR		X	0	0	0
PEGGY MURPHY
DIRECTOR		X	0	0	0
PETER SCHLECK
SECRETARY	1.00	X	0	0	0	X
PHILIP M RUDISILL
PRESIDENT	5.00	X	0	0	0	X
ROGER L BROWN
DIRECTOR		X	0	0	0
SHANNON GLOVER
TREASURER	2.00	X	0	0	0	X
STEPHEN J CHAPLIN
DIRECTOR		X	0	0	0
W CARROLL CREECY
DIRECTOR		X	0	0	0
WILLIAM H KLINE
DIRECTOR		X	0	0	0
WILLIAM HARGROVE III
DIRECTOR	1.00	X	0	0	0
WILLIAM S MAGANN JR
DIRECTOR		X	0	0	0
WILLIAM S MAGANN SR
DIRECTOR	0.00	X	0	0	0
JOSEPH M ODDIS
DIRECTOR		X	0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Government Grants	25000	GovernmentGrants
Total Contributions	25000	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	MEMBERSHIP DUES	Description
Total Revenue Column	43000	TotalRevenueColumn
Related Or Exempt Function Income	43000	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	43000	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	10738	TotalRevenueColumn
Exclusion	$10,738	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	5000	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	5000	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	5000	TotalRevenueColumn
Related Or Exempt Function Income	5000	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	247	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	5817	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	-5570	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-5570	TotalRevenueColumn
Related Or Exempt Function Income	-5570	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	52571	GrossIncomeFundraisingEvents
Fundraising Direct Expenses	19283	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	33288	TotalRevenueColumn
Exclusion	$33,288	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MISCELLANEOUS	Description
Total Revenue Column	139	TotalRevenueColumn
Exclusion	$139	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	139	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	111595	TotalRevenueColumn
Related Or Exempt Function Income	42430	RelatedOrExemptFunctionIncome
Exclusion	$44,165	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	3350	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	8950	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	5593	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	36177	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	10	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	3512	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	4621	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	1559	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
CONTRACTUAL SERVICE HRC	86355
MEMBERSHIP DUES	5885
SPECIAL PROJECTS	1700
MISCELLANEOUS	744

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	298	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	158754	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	23928	BOY
EOY	17779	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	778923	BOY
EOY	605062	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	384600	BOY
EOY	388606	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	2758	BOY
EOY	19040	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	221290	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	115437	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	110474	BOY
EOY	105853	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	235043	BOY
EOY	361470	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1535726	BOY
EOY	1497810	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
EOY	826	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
EOY	15000	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	15826	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1535726	BOY
EOY	1481984	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1535726	BOY
EOY	1481984	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1535726	BOY
EOY	1497810	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-47159	ReconcilationRevenueExpenses
Reconcilation Other Changes	-6583	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Form4720 Filed4955 Tax	false	Form4720Filed4955Tax
Correction Made	false	CorrectionMade
Form1120 Pol Filed	false	Form1120PolFiled
Form4720 Filed	false	Form4720Filed
Volunteers	false	Volunteers
Paid Staff Or Management	false	PaidStaffOrManagement
Media Advertisements	false	MediaAdvertisements
Mailings Members	false	MailingsMembers
Publications Or Broadcast	false	PublicationsOrBroadcast
Grants Other Organizations	false	GrantsOtherOrganizations
Direct Contact Legislators	false	DirectContactLegislators
Rallies Demonstrations	false	RalliesDemonstrations
Other Activities	false	OtherActivities
Not Described In501c3	false	NotDescribedIn501c3
Form4720 Filed4912 Tax	false	Form4720Filed4912Tax
Substantially All Dues Nondeduct	true	SubstantiallyAllDuesNondeduct
Only In House Lobbying	true	OnlyInHouseLobbying
Agree To Carryover Prior Year	false	AgreeToCarryoverPriorYear

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	151693	OtherCostOrOtherBasis
Depreciation	45890	Depreciation
Book Value	105803	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	69597	OtherCostOrOtherBasis
Depreciation	69547	Depreciation
Book Value	50	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	105853	TotalOfBookValueLandBuildings
Total Revenue	111595	TotalRevenue
Total Expenses	158754	TotalExpenses
Excess Or Deficit For Year	-47159	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-6583	NetUnrealizedGLOnInvestments
Total Adjustments	-6583	TotalAdjustments
Excess Or Deficit Per FS	-53742	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	134844	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-6583	NetUnrealizedGainsInvestments
Other Revenues	29832	OtherRevenues
Revenue Not Rptd F990	23249	RevenueNotRptdF990
Revenue Subtotal	111595	RevenueSubtotal
Total Revenue Per Form990	111595	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	188586	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	29832	OtherExpensesIncluded
Expenses Not Rptd F990	29832	ExpensesNotRptdF990
Expenses Subtotal	158754	ExpensesSubtotal
Total Expenses Per Form990	158754	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
LIABILITY UNDER FIN 48 FOOTNOTE	SCHEDULE D, PAGE 3, PART X	ON JANUARY 1, 2010, THE ORGANIZATION ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2011.
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	OVERHEAD REIMBURSEMENTS NETTED WITH EXPENSES 29,832 -29,832
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	OVERHEAD REIMBURSEMENTS NETTED WITH EXPENSES 29,832
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 2D	29,832
SUPPLEMENTAL FINANCIAL INFORMATION	SCHEDULE D, PAGE 4, PART XIV	THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDING 2009, 2010, AND 2011 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	GOLF EVENT	NameOfEvent1
Gross Receipts Event1	37690	GrossReceiptsEvent1
Gross Revenue Event1	37690	GrossRevenueEvent1
Other Direct Expenses Event1	13008	OtherDirectExpensesEvent1
Name Of Event2	BANQUET	NameOfEvent2
Gross Receipts Event2	8013	GrossReceiptsEvent2
Gross Revenue Event2	8013	GrossRevenueEvent2
Other Direct Expenses Event2	6275	OtherDirectExpensesEvent2
Total Number Of Other Events	1	TotalNumberOfOtherEvents
Gross Receipts Other Events	6868	GrossReceiptsOtherEvents
Gross Revenue Other Events	6868	GrossRevenueOtherEvents
Gross Receipts Total	52571	GrossReceiptsTotal
Gross Revenue Total Events	52571	GrossRevenueTotalEvents
Other Direct Expenses Total Events	19283	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	19283	DirectExpenseSummaryEvents
Net Income Summary	33288	NetIncomeSummary

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE GOVERNING BODY RECEIVED A DRAFT OF THE TAX RETURN TO APPROVE BEFORE FINAL PROCESSING.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	ANNUALLY BOARD SIGNS THE CONFLICT OF INTEREST POLICY.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	ANNUAL REVIEW AND APPROVAL BY THE BOARD.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	ANNUAL REVIEW AND APPROVAL BY THE BOARD.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	DOCUMENTS AVAILABLE UPON REQUEST.
ADDITIONAL INFORMATION	FORM 990, PART VII	LINE 5 OTHER CHANGES IN NET ASSETS, REPRESENTS NET UNREALIZED LOSS ON INVESTMENTS OF (6,853).