Return of Organization Exempt From Income Tax

Transcription

1 Form 990 Department of the Treasury Internal Revenue Servie Return of Organization Exempt From Inome Tax OMB No Under setion 501(), 527, or 4947( a)(1) of the Internal Revenue Code ( exept lak lung 2007 enefit trust or private foundation) Op en The organization may have to use a opy of this retu rn to sat isfy state reporting requirements. A For the 2007 alendar year, or tax year eginning and B heap if Please C Name of organization appliale use IRS ENTUCKIANA TRUCK PULLERS Address lael or a hange printor ASSOCIATION, INC. []hange tsee Numer and street (or P.O. ox if mail is not delivered to street address) ^relulm Speifi 8054 LIBERTY ROAD Tennm- Instruons City or town, state or ountry, and ZIP + 4 Oation Amenn ded return AMPBELLSVILLE, KY =A "ation pd Setion 501 ( )(3) organizations and 4947 ( a)(1) nonexempt haritale trusts must attah a ompleted Shedule A (Form 990 or 990-EZ). J Organization type (Chek only one U 501()( ) 14 (insert no ) U 4947 (a)(1) or L-j K Chek here L1 if the organization is not a 509 ( a)(3) supporting organization and its gross reeipts are normally not more than $25, 000. A return is not required, ut if the organization hooses to file a return, e sure to file a omplete return. Room/suite D Employer identifiation numer 01-1V1117V E Telephone numer F Aounting method Cash = Arual H and I are not appliale to setion 527 organizations. H(a) Is this a group return for affiliates? =Yes No H() If 'Yes ; enter numer of N/A H() Are all affiliates inluded? (If "No," attah a list) N/A =Yes 0 No H(d) Is this a separate return filed y an organlzatlon overed y a arour rullno? F-1 Yes n No M Chek LK_I If the organization is not required to attah k.,gross reeipts: Add lines 6, 8, 9, and 10 to line ,301. Sh. B (Form 990, 990 EZ, or 990 PF). art I Revenue. Expenses. and Chanaes in Net Assets or Fund Balanes 1 Contriutions, gifts, grants, and similar amounts reeived: a Contriutions to donor advised funds 1a Diret puli support ( not inluded on line la) l Indiret puli support ( not inluded on line la) 1 d Government ontriutions ( grants ) ( not inluded on line la) 1d e Total (add lines la through 1d) (ash $ nonash $ ) - le 0. LU 2 Program servie revenue inluding government fees and ontrats ( from Part VII, line 93) 2 3 Memership dues and assessments 3 18, Interest on savings and temporary ash investments 4 5 Dividends and interest from seurities a Gross rents - 6a Less : rental expenses - 6 Net rental inome or ( loss). Sutrat line 6 from line 6a 6 7 Other investment inome ( desrie 7 d 8 a Gross amount from sales of assets other ( A ) Seurities B Other than inventory 8a Less : ost or other asis and sales expenses 8 Gain or ( loss) (attah shedule) - 8 d Net gain or ( loss). Comine line 8, olumns (A) and (B) 8d 9 Speial events and ativities ( attah shedule ). If any amount is from gaming, hek here 0 a Gross revenue ( not Inluding $ 0. of ontduhons reported on line 1) 9a 107, 726. Less : diret expenses other than fundraising expenses , 483. Net inome or (loss ) from speial events. Sutrat line 9 from line 9a S EE STATEMENT 1 9-4, a Gross sales of inventory, less returns and allowanes a Less : ost of goods sold l0 Gross profit or (loss ) from sales of inventory ( attah shedule ). Sutrat line 10 lo 11 Other revenue ( from Part VII, line 103 R CEIVE -D ) U Total revenue. Add lines le, , 7 8d, 9, 10 and , Program servies (from line 44, olumn (B)) $ Y took y 14 Management and general (from line 44, olumn ( C)) 14 2, 208. a 15 Fundraising ( from line 44, olumn (D)) Payments to affiliates ( attah shedule ) Total exp enses. Add lines 16 and 44, olumn (A) 17 13, Exess or ( defiit) for the year. Sutrat line 17 from line Z N 19 Net assets or fund alanes at eginning of year ( from line 73, olumn (A)) Other hanges in net assets or fund alanes ( attah explanation) Net assets or fund alanes at end of year. Comine lines 18, 19, and iz=z7-o7 LHA For Privay At and Paperwork Redution At Notie, see the separate instrutions. 1 /_yi

2 Form ASSOCIATION, INC Page 2 Part ll Statement of All organizations must omplete olumn (A). Columns ( B), (C), and ( D) are required for setion 501()(3) Funtional Expenses and (4) organizations and setion 4947( a)(1) nonexempt haritale trusts ut optional for others. Do not inlude amounts reported on line 6, 8, 9, 10, or 16 of Part 1. 22a Grants paid from donor advised funds (attah shedule) (ash $ 0. nonash $ 0." If this amount inludes foreign grants, hek here EJ 2a 22 Other grants and alloations (attah shedule (ash $ 0. nonash $ 0. If this amount inludes foreign grants,hek here [] Speifi assistane to individuals (attah shedule) Benefits paid to or for memers (attah (A) Total (B) Program servies (C) Management and general (D) Fundraising shedule) 24 25a Compensation of urrent offiers, diretors, key employees, et. listed in Part V-A 25a 5, , Compensation of former offiers, diretors, key employees, et. listed in Part V-B Compensation and other distriutions, not inluded aove, to disqualified persons (as defined under setion 4958(f)(1)) and persons desried in setion 4958()(3)(B) 5 26 Salaries and wages of employees not inluded on lines 25a,, and Pension plan ontriutions not inluded on lines 25a,, and Employee enefits not inluded on lines 25a Payroll taxes Professional fundraising fees Aounting fees Legal fees Supplies Telephone Postage and shipping Oupany Equipment rental and maintenane , , Printing and puliations Travel Conferenes, onventions, and meetings Interest Depreiation, depletion, et (attah shedule) Other expenses not overed aove (itemize) a INSURANCE 43a 1, , 725. ADVERTISING OFFICE EXPENSE d TAX & LICENSE 43d e MEALS 43e f DUE S 43f g Total funtional expenses. Add lines 22a through 43g. (Organizations ompleting olumns (B)-(D), arry these totals to lines 13-15) 44 13, , , Joint Costs. Chek LJ if you are following SOP Are any joint osts from a omined eduational ampaign and fundraising soliitation reported in (B) Program servies? 0 Yes No If 'Yes,' enter ( i) the aggregate amount of these joint osts $ N/A ; (ii) the amount alloated to Program servies $ N/A ( iii) the amount alloated to Management and general $ N/A and ( iv) the amount alloated to Fundraising $ N/A

3 Form ASSOCIATION. INC Page 3 Part Ill Statement of Program Servie Aomplishments (See the instrutions.) Form 990 is availale for puli inspetion and, for some people, serves as the primary or sole soure of information aout a partiular organization How the puli pereives an organization in suh ases may e determined y the information presented on its return. Therefore, please make sure the return is omplete and aurate and fully desries, in Part III, the organization's programs and aomplishments. What is the organization's primary exempt purpose? SEE STATEMENT 2 Program Servie Expenses (Required for 501()(3) Al organizations must desrie their exempt purpose ahievements in a lear and onise manner. State the numer of lients served, puliations issued, et. Disuss ahievements that are not measurale. (Setion 501()(3) and (4) organizations and 4947(a)(1) nonexempt haritale trusts must also enter the amount of grants and alloations to others.) and (4) orgs., and 4947(a)(1) trusts; ut optional for others.) a ORGANIZATION ENTERS AND SPONSORS NUMEROUS CHARITABLE TRUCK-PULL EVENTS IN WHICH PROCEEDS GO TOWARD THE CHARITY IN WHICH THE TRUCK-PULL IS HELD. (Grants and alloations $ If this amount inludes foreig n g rants, hek here Jo- U 11, 474. C (Grants and alloations $ If this amount inludes foreig n g rants, hek here loo. Q d Grants and alloations $ If this amount inludes foreig n grants, hek here Grants and alloations $ If this amount inludes foreign grants, hek here 100, Q e Other program servies (attah shedule) Grants and alloations $ If this amount inludes foreign rants hek here Pop, Q f Total of Program Servie Expenses (should equal line 44, olumn (B), Program servies) ,

4 Form ASSOCIATION, INC Page 4 Part IV Balane Sheets (See the instrutions.) Note : Where required, attahed shedules and amounts within the desription olumn (A) (B) should e for end-of-year amounts only. Beginning of year End of year 45 Cash - non-interest-earing Savings and temporary ash investments a Aounts reeivale 47a Less: allowane for doutful aounts a Pledges reeivale 48a Less: allowane for doutful aounts Grants reeivale a Reeivales from urrent and former offiers, diretors, trustees, and key employees a Reeivales from other disqualified persons (as defined under setion 4958(f)(1)) and persons desried in setion 4958()(3 (B) 51 a Other notes and loans reeivale 51a Less: allowane for doutful aounts Inventories for sale or use Prepaid expenses and deferred harges a Investments - pulily-traded seunties 0 Cost 0 FMV 54a Investments - other seurities 0 Cost 0 FMV a Investments - land, uildings, and equipment: asis a 50 N Less- aumulated depreiation Investments - other a Land, uildings, and equipment: asis 57a Less, aumulated depreiation Other assets, inluding program-related investments (desrie ) Total assets (must eq ual line 74). Add lines 45 throug h Aounts payale and arued expenses Grants payale Deferred revenue Loans from offiers, diretors, trustees, and key employees a Tax-exempt ond liailities a Mortgages and other notes payale Other liailities (desrie ) 65 N 66 Total liailities. Add lines 60 through Organizations that follow SFAS 117, hek here LI and omplete lines 67 through 69 and lines 73 and Unrestrited 67 j 68 Temporarily restrited 68 m 69 Permanently restrited 69 Organizations that do not follow SFAS 117, hek here and LL omplete lines 70 through 74. (A 70 Capital stok, trust prinipal, or urrent funds Paid-in or apital surplus, or land, uilding, and equipment fund Retained earnings, endowment, aumulated inome, or other funds Z 73 Total net assets or fund alanes. Add lines 67 through 69 or lines 70 through 72. (Column (A) must equal line 19 and olumn ( B) must equal line 21) Total liailities and net assets/fund alanes. Add lines 66 and

5 Form ASSOCIATION INC Page 5 Part IV-A Reoniliation of Revenue per Audited Finanial Statements With Revenue per Return (See the instrutions.) a Total revenue, gains, and other support per audited finanial statements Amounts inluded on line a ut not on Part I, line Net unrealized gains on investments 2 Donated servies and use of failities 3 Reoveries of prior year grants 4 Other (speify) Add lines 1 through 4. Sutrat line from line a... d Amounts inluded on Part I, line 12, ut not on line a: 1 Investment expenses not inluded on Part I, line 6 _ 2 Other (speify): Add lines d1 and d2 fart Iv - ti Reoniliation OT expenses per Au ] Itea hlnanlal Statements With Expenses per Return a Total expenses and losses per audited finanial statements a N / A Amounts inluded on line a ut not on Part I, line 17: 1 Donated servies and use of failities 1 2 Prior year adjustments reported on Part I, line Losses reported on Part I, line 20 _ 3 4 Other (speify)- 4 Add lines 1 through 4 Sutrat line from line a d Amounts inluded on Part I, line 17, ut not on line a: 1 Investment expenses not inluded on Part I, line 6 _ d1 2 Other (speify): d2 Add lines d1 and d2 Part V-A Current Offiers, Diretors, Trustees, and Key Employees (List eah person who was an offier, diretor, trustee, or key employee at any time dunng the year even if they were not ompensated.) (See the instrutions.) (A) Name and address (B) Title and average hours (C) Compensation (D) Contriutions to (E) Expense per week devoted to (If not paid, enter =deen aount and position an^ation p lans other allowanes DOUG COX RESIDENT MERVIN TURNER ANN COX ICE PRESIDE ECRETARY / T REASURER d 5,

6 ASSOCIATION. INC Page 6 Part V- A Current Offiers, Diretors, Trustees, and Key Employees (ontinued) Yes No 75 a Enter the tqtal numer of offiers, diretors, and trustees permitted to vote on organization usiness at oard meetings 3 Are any offiers, diretors, trustees, or key employees listed in Form 990, Part V-A, or highest ompensated employees listed in Shedule A, Part I, or highest ompensated professional and other independent ontrators listed in Shedule A, Part II-A or II-B, related to eah other through family or usiness relationships? If 'Yes,' attah a statement that identifies the individuals and explains the relationship(s) 751, X Do any offiers, diretors, trustees, or key employees listed in Form 990, Part V-A, or highest ompensated employees listed in Shedule A, Part I, or highest ompensated professional and other independent ontrators listed in Shedule A, Part II-A or II-B, reeive ompensation from any other organizations, whether tax exempt or taxale, that are related to the organization? See the instrutions for the definition of 'related organization.' 75 X If 'Yes,' attah a statement that inludes the information desried in the instrutions. d Does the or anization have a written onflit of interest poliy? 75d X Part V- B Former Offiers. Diretors. Trustees, and Kiev EmDlovees That Reeived Compensation or Other Benefits (If any former offier, diretor, trustee, or key employee reeived ompensation or other enefits (desried elow) during the year, list that person elow and enter the amount of ompensation or other enefits in the appropriate olumn. See the instrutions.) (C) Compensation (D) Contriutions to (E) Expense (A) Name and address ( B) Loans and Advanes (if not paid, employee enefit Ppe & deferred aount and NONE enter -0-) omensation plans other allowanes Part VI Other Information (See the instrutions.) Yes No 76 Did the organization make a hange in its ativities or methods of onduting ativities? If 'Yes,' attah a detailed statement of eah hange 76 X 77 Were any hanges made in the organizing or governing douments ut not reported to the IRS? X If 'Yes,' attah a onformed opy of the hanges. 78 a Did the organization have unrelated usiness gross inome of $1, 000 or more during the year overed y this return? 78a X If 'Yes,' has it filed a tax return on Form 990-T for this year? N/A Was there a liquidation, dissolution, termination, or sustantial ontration during the year? If 'Yes,' attah a statement 79 X 80 a Is the organization related (other than y assoiation with a statewide or nationwide organization) through ommon memership, governing odies, trustees, offiers, et., to any other exempt or nonexempt organization? - 80a X If 'Yes,' enter the name of the organization' N/A and hek whether it is 0 exempt or L1 nonexempt 81 a Enter diret and indiret politial expenditures. (See line 81 instrutions.) 81a 0. Did the organization file Form POL for this year? 1 X /

7 Form ASSOCIATION INC Pa e7 Part VI Other Information (ontinued) Yes No 82 a Did the organization reeive donated servies or the use of materials, equipment, or failities at no harge or at sustantially less than fair rental value? a X If Yes,' you may indiate the value of these items here. Do not inlude this amount as revenue in Part I or as an expense in Part II. (See instrutions in Part III.) 82 N / A 83 a Did the organization omply with the puli inspetion requirements for returns and exemption appliations?. N/A., 83a Did the organization omply with the dislosure requirements relating to quid pro quo ontriutions? N/A a Did the organization soliit any ontriutions or gifts that were not tax dedutile? 84a X If Yes,' did the organization inlude with every soliitation an express statement that suh ontriutions or gifts were not tax dedutile?... N/A a 501()(4), (5), or (6). Were sustantially all dues nondedutile y memers? N/A. 85a Did the organization make only in-house loying expenditures of $2,000 or less? N/A.. 85 If Yes' was answered to either 85a or 85, do not omplete 85 through 85h elow unless the organization reeived a waiver for proxy tax owed for the prior year. Dues, assessments, and similar amounts from memers 85 N / A d Setion 162(e) loying and politial expenditures 85d N / A e Aggregate nondedutile amount of setion 6033(e)(1)(A) dues noties He N / A f Taxale amount of loying and politial expenditures pine 85d less 85e) 85f N / A g Does the organization elet to pay the setion 6033(e) tax on the amount on line 85f? _ N/A 85 h If setion 6033(e)(1)(A) dues noties were sent, does the organization agree to add the amount on line 85f to its reasonale estimate of dues alloale to nondedutile loying and politial expenditures for the following tax year? N/A 85h ()(7) organizations. Enter: a Initiation fees and apital ontriutions inluded on line 12 86a N /A Gross reeipts, inluded on line 12, for puli use of lu failities 86 N / A ()(12) organizations Enter: a Gross inome from memers or shareholders 87a N / A Gross inome from other soures. (Do not net amounts due or paid to other soures against amounts due or reeived from them.) _ 87 N / A 88 a At any time during the year, did the organization own a 50% or greater interest in a taxale orporation or partnership, or an entity disregarded as separate from the organization under Regulations setions and ? If Yes,' omplete Part IX 88a X At any time during the year, did the organization, diretly or indiretly, own a ontrolled entity within the meaning of setion 512()(13)? If 'Yes,' omplete Part XI 88 X 89 a 501()(3) organizations. Enter: Amount of tax imposed on the organization during the year under: setion 4911 Pop- N/A ; setion 4912 N/A ; setion 4955 N/A 501()(3) and 501()(4) organizations Did the organization engage in any setion 4958 exess enefit transation during the year or did it eome aware of an exess enefit transation from a prior year? If Yes,' attah a statement explaining eah transation N/A 89 Enter: Amount of tax imposed on the organization managers or disqualified persons during the year under setions 4912, 4955, and d Enter: Amount of tax on line 89, aove, reimursed y the organization e All organizations. At any time during the tax year, was the organization a party to a prohiited tax shelter transation? 89e X f All organizations. Did the organization aquire a diret or indiret interest in any appliale insurane ontrat?. 89f X g For supporting organizations and sponsoring organizations maintaining donor advised funds. Did the supporting organization, or a fund maintained y a sponsoring organization, have exess usiness holdings at any time during the year? 89 X 90 a List the states with whih a opy of this return is filed Numer of employees employed in the pay period that inludes Marh 12, a The ooks are in are of ORGANIZATION Telephone no LIBERTY ROAD, CAMPBELLSVILLE, KY At any time during the alendar year, did the organization have an interest in or a signature or other authority over Yes No a finanial aount in a foreign ountry (suh as a ank aount, seurities aount, or other finanial aount)? 91 X If Yes,' enter the name of the foreign ountry N/A See the instrutions for exeptions and filing requirements for Form TD F , Report of Foreign Bank and Finanial Aounts /

8 Form ASSOCIATION INC Pa e8 Part VI Other Information (ontinued) Yes No At any time during the alendar year, did the organization maintain an offie outside of the United States? 91 X If "Yes,' enter the name of the foreign ountry N/A 92 Setion 4947(a)(1) nonexempt hartale trusts filing Form 990 in lieu of Form Chek here Q and enter the amount of tax-exem pt interest reeived or arued durin g the tax year 92 N /A Part VII Analysis of Inome - Produing Ativities (See the instrutions.) Note Enter gross amounts unless otherwise Unrelated usiness inome Exlu ded y setion , or 514 (E) indiated. 93 a d e f Mediare/Mediaid payments Fees and ontrats from government agenies Memership dues and assessments 1Merest on savings and temporary ash investments 18, Dividends and interest from seurities Net rental inome or (loss) from real estate: a d et-finaned property n ot det-finaned property. 98 Net rental inome or (loss) from personal property a d e Program servie revenue: Other investment inome - Gam or (loss) from sales of assets (A) Business ode (B) Amount 104 Sutotal (add olumns (B), (D), and (E)) , Total (add line 104, olumns (B), (D), and (E)) ,818. Note : Line 105 plus line le, Part I, should equal the amount on line 12, Part I. Part VI II Relationship of Ativities to the Aomplishment of Exempt Purposes (Seethe instrutions.) E(^) _ s,an oda (D) Amount Related or exempt funtion inome other than inventory - - Net inome or (loss) from speial events -4, 757. Gross profit or (loss) from sales of inventory Other revenue: Line No. V Explain how eah ativity for whih inome is reported in olumn (E) of Part VII ontriuted importantly to the aomplishment of the organization's exempt purposes (other than y providing funds for suh purposes). HE KTPA FURNISHES INFORMATION AND PROVIDES AN ORGANIZATION IN WHICH ITS MEMBERS PAYS DUES TO PARTICIPATE IN TRUCK PULLS. (a) Did the organization, during the year, reeive any funds, diretly or indiretly, tk () Did the organization, during the year, pay premiums, diretly or indiretly, on a Note : If 'Yes' to M. file Form 8870 and Form 4720 (see instrutions)

9 Form ASSOCIATION, INC Page 9 Part XI Information Regarding Transfers To and From Controlled Entities. Complete only if the organization is a ontrolling organization as defined in setion 512()(13). N/A Yes No 106 Did the reporting organization make any transfers to a ontrolled entity as defined in setion 512()(13) of the Code? If 'Yes,' omplete the shedule elow for eah ontrolled entity. (A) (B) (C) (D) Name, address, of eah Employer Desription of Amount of ontrolled entity Idenmerion Nuume transfer transfer a Totals 107 Did the reporting organization reeive any transfers from a ontrolled entity as defined in setion 512()(13) of the Code? If 'Yes,' a omp lete the shedule elow for eah ontrolled entity. (A) (B) (C) (D) Name, address, of eah Employer Desription of Amount of Identifiation ontrolled entity Numer transfer transfer Yes No Totals 108 Did the organization have a inding written ontrat in effet on August 17, 2006, overing the interest, rents, royalties, and annuities desried in q uestion 107 aove? Under penalties of perjury, I delare that I have examined this return, inluding aompanying shedules and statements, and to the est of my knowledge and elief, it is true, orret, and omplete D ation of preparer (other than offier ) is ased on all information of whih preparer has any knowledge Please ' y C3 x I 5 n, Sign Slgnatu of offier Date Here nn Cox e I -fess Type or print ame a rto title Paid P reparer Use Only Preparer 's Date C h ek If Preparers SSN or P11N (See Gen Inst X) signature 105 / 07 / 081 employed 10. yours Firm's name (or E BUCKNER, SPROWLES & ASSOC., PLLC EIN se lf-employed ), ' address, and 3 EAST MAIN ST. zip4 CAMPBELLSVILLE, KY Phoneno Yes No /

10 .'KENTUCKIANA TRUCK PULLERS ASSOCIATION, I FORM 990 SPECIAL EVENTS AND ACTIVITIES STATEMENT 1 GROSS CONTRIBUT. GROSS DIRECT NET INCOME DESCRIPTION OF EVENT RECEIPTS INCLUDED REVENUE EXPENSES OR (LOSS) TRUCK PULLS 107, , , ,757. TO FM 990, PART I, LINE 9 107, , , ,757. FORM 990 STATEMENT OF ORGANIZATION'S PRIMARY EXEMPT PURPOSE STATEMENT 2 PART III EXPLANATION OUR PRIMARY PURPOSE IS TO PROVIDE ENTERTAINMENT THROUGH TRUCK AND TRACTOR PULLS FOR OUR MEMBERS AND THE PUBLIC. 10 STATEMENT(S) 1, 2