Exempt Organization Business Income Tax Return

Transcription

1 Form For alendar year 2013 or other tax year beginning, and ending. 34 Unrelated business taxable. Subtrat line 33 from line 32. If line 33 is greater than line 32, enter the smaller of zero or line LHA For Paperwork Redution At Notie, see instrutions. OMB No Information about Form 0-T and its instrutions is available at Department of the Treasury Open to Publi Inspetion for Internal Revenue Servie Do not enter SSN numbers on this form as it may be made publi if your organization is a 501(). 501() Organizations Only Employer identifiation number A Chek box if Name of organization ( Chek box if name hanged and see instrutions.) D (Employees trust, see address hanged instrutions.) B Exempt under setion Print USA TRACK & FIELD, INC ( )( 3 ) or E Unrelated business ativity odes Number, street, and room or suite no. If a P.O. box, see instrutions. (See instrutions.) Type 408(e) 220(e) 132 EAST WASHINGTON STREET, NO A 530(a) City or town, state or provine, ountry, and ZIP or foreign postal ode 52(a) INDIANAPOLIS, IN Book value of all assets C at end of year F Group exemption number (See instrutions.) 5062,322,338. G Chek organization type 501() orporation 501() trust 401(a) trust Other trust H Desribe the organization s primary unrelated business ativity. MERCHANDISE SALES I During the tax year, was the orporation a subsidiary in an affiliated group or a parent-subsidiary ontrolled group? ~~~~~~ Yes No If "Yes," enter the name and identifying number of the parent orporation. J The books are in are of HOPE TRIBBLE Telephone number Part I Unrelated Trade or Business Inome (A) Inome (B) Expenses (C) Net 1a Gross reeipts or sales 407,52. b Less returns and allowanes Balane ~~~ 1 407,52. 2 Cost of goods sold (Shedule A, line 7) ~~~~~~~~~~~~~~~~~ 2 422,78 3 Gross profit. Subtrat line 2 from line 1 ~~~~~~~~~~~~~~~~ 3 Capital gain net (attah Form 84 and Shedule D) ~~~~~~~~ b 12 Other (See instrutions; attah shedule.) ~~~~~~~~~~~~ Total. Combine lines 3 through Part II Dedutions Not Taken Elsewhere (See instrutions for limitations on dedutions.) (Exept for ontributions, dedutions must be diretly onneted with the unrelated business.) T Net gain (loss) (Form 477, Part II, line 17) (attah Form 477) ~~~~~~ Capital loss dedution for trusts ~~~~~~~~~~~~~~~~~~~~ Inome (loss) from partnerships and S orporations (attah statement) ~~~ Rent (Shedule C) ~~~~~~~~~~~~~~~~~~~~~~ Unrelated debt-finaned (Shedule E) ~~~~~~~~~~~~~~ Interest, annuities, royalties, and rents from ontrolled organizations (Sh. F)~ Investment of a setion 501()(7), (), or (17) organization (Shedule G) Exploited exempt ativity (Shedule I) ~~~~~~~~~~~~~~ Advertising (Shedule J) ~~~~~~~~~~~~~~~~~~~~ Compensation of offiers, diretors, and trustees (Shedule K) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Salaries and wages ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Repairs and maintenane Bad debts ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Interest ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Taxes and lienses ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Charitable ontributions (See instrutions for limitation rules.) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Depreiation (attah Form 4562) Less depreiation laimed on Shedule A and elsewhere on return Depletion Contributions to deferred ompensation plans Exempt Organization Business Inome Tax Return (and proxy tax under setion 6033(e)) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Total dedutions. Add lines 14 through 28 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Unrelated business taxable before net operating loss dedution. Subtrat line 2 from line 13 ~~~~~~~~~~~~ 4b ~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Employee benefit programs ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Exess exempt expenses (Shedule I) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Exess readership osts (Shedule J) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Other dedutions ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Net operating loss dedution (limited to the amount on line 30) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Unrelated business taxable before speifi dedution. Subtrat line 31 from line 30 ~~~~~~~~~~~~~~~~~ Speifi dedution (Generally $1,000, but see instrutions for exeptions.) ~~~~~~~~~~~~~~~~~~~~~~~~ 21 22a b ,00 Form 0-T (2013)

2 Form 0-T (2013) USA TRACK & FIELD, INC Part III Tax Computation 35 Organizations Taxable as Corporations. See instrutions for tax omputation Controlled group members (setions 1561 and 1563) hek here See instrutions and: a Enter your share of the $50,000, $25,000, and $,25,000 taxable brakets (in that order): b Enter organization s share of: Additional 5 tax (not more than $11,750) $ $ $ $ Additional 3 tax (not more than $100,000) ~~~~~~~~~~~~~ $ Trusts Taxable at Trust Rates. See instrutions for tax omputation. Inome tax on the amount on line 34 from: Proxy tax. See instrutions ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 3 Total. Add lines 37 and 38 to line 35 or 36, whihever applies Part IV Tax and Payments 40a Foreign tax redit (orporations attah Form 1118; trusts attah Form 1116) ~~~~~~~~ 40a b Other redits (see instrutions) d Credit for prior year minimum tax (attah Form 8801 or 8827) ~~~~~~~~~~~~~~ e Total redits. Add lines 40a through 40d ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Other taxes. Chek if from: Form 4255 Form 8611 Form 867 Form 8866 Other 43 Total tax. Add lines 41 and 42 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 44 a Payments: A 2012 overpayment redited to 2013 ~~~~~~~~~~~~~~~~~~~ 4 b 2013 estimated tax payments ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 44b Tax deposited with Form 8868 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 44 d Foreign organizations: Tax paid or withheld at soure (see instrutions) ~~~~~~~~~~ 44d e Bakup withholding (see instrutions) ~~~~~~~~~~~~~~~~~~~~~~~~ 44e f Credit for small employer health insurane premiums (Attah Form 841) ~~~~~~~~ 44f g Other redits and payments: Form Total payments. Add lines 4 through 44g ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 45 Tax due. If line 45 is less than the total of lines 43 and 46, enter amount owed ~~~~~~~~~~~~~~~~~~~ Overpayment. If line 45 is larger than the total of lines 43 and 46, enter amount overpaid ~~~~~~~~~~~~~~ 4 Enter the amount of line 48 you want: Credited to 2014 estimated tax Refunded 4 Part V Statements Regarding Certain Ativities and Other Information (see instrutions) 1 At any time during the 2013 alendar year, did the organization have an interest in or a signature or other authority over a finanial aount (bank, Yes No 2 seurities, or other) in a foreign ountry? If YES, the organization may have to file Form TD F , Report of Foreign Bank and Finanial Aounts. If YES, enter the name of the foreign ountry here During the tax year, did the organization reeive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If YES, see instrutions for other forms the organization may have to file. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 3 Enter the amount of tax-exempt interest reeived or arued during the tax year $ Shedule A - Cost of Goods Sold. Enter method of inventory valuation COST 1 Inventory at beginning of year ~~~ 1 41,15 6 Inventory at end of year ~~~~~~~~~~~~ 6 342, Purhases ~~~~~~~~~~~ 2 323,85. 7 Cost of goods sold. Subtrat line 6 3 Cost of labor~~~~~~~~~~~ 3 from line 5. Enter here and in Part I, line 2 ~~~~ 7 422,78 b Inome tax on the amount on line 34 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Tax rate shedule or Shedule D (Form 1041) ~~~~~~~~~~~~~~~~~~~~~~~~~~~ Alternative minimum tax Additional setion 263A osts (att. shedule) 5 Total. 5 Sign Here ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~ General business redit. Attah Form 3800 ~~~~~~~~~~~~~~~~~~~~~~ Subtrat line 40e from line 3 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Form 4136 Other Total Estimated tax penalty (see instrutions). Chek if Form 2220 is attahed ~~~~~~~~~~~~~~~~~~~ Other osts ~~~ 4b Add lines 1 through 4b the organization? Under penalties of perjury, I delare that I have examined this return, inluding aompanying shedules and statements, and to the best of my knowledge and belief, it is true, orret, and omplete. Delaration of preparer (other than taxpayer) is based on all information of whih preparer has any knowledge. = = CEO Signature of offier Date Title 40b 40 40d 44g e May the IRS disuss this return with the preparer shown below (see instrutions)? Yes Page 2 8 Do the rules of setion 263A (with respet to Yes No 22,073. property produed or aquired for resale) apply to 765,118. Print/Type preparer s name Preparer s signature Date Chek self- employed Paid RT MURPHY P Preparer Firm s name CLIFTONLARSONALLEN LLP Firm s EIN Use Only 33 PRIORITY WAY W DR #200 Firm s address INDIANAPOLIS, IN Phone no. (317) Form 0-T (2013) if PTIN No

3 Form 0-T (2013) USA TRACK & FIELD, INC Page Shedule C - Rent Inome (From Real Property and Personal Property Leased With Real Property) (see instrutions) 3 1. Desription of property (a) 2. From personal property (if the perentage of rent for personal property is more than 10 but not more than 50) Rent reeived or arued (b) From real and personal property (if the perentage of rent for personal property exeeds 50 or if the rent is based on profit or ) 3(a) Dedutions diretly onneted with the in olumns 2(a) and 2(b) Total Total () Total. Add totals of olumns 2(a) and 2(b). Enter (b) Total dedutions. here and on line 6, olumn (A) Part I, line 6, olumn (B) Shedule E - Unrelated Debt-Finaned Inome (see instrutions) 3. Dedutions diretly onneted with or alloable from to debt-finaned property 1. Desription of debt-finaned property or alloable to debtfinaned property (a) Straight line depreiation (b) Other dedutions 4. Amount of average aquisition 5. Average adjusted basis 6. Column 4 divided 7. Gross 8. Alloable dedutions debt on or alloable to debt-finaned of or alloable to by olumn 5 reportable (olumn (olumn 6 x total of olumns property debt-finaned property 2 x olumn 6) 3(a) and 3(b)) Part I, line 7, olumn (A). Part I, line 7, olumn (B). ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Total dividends-reeived dedutions inluded in olumn 8 Shedule F - Interest, Annuities, Royalties, and Rents From Controlled Organizations (see instrutions) Exempt Controlled Organizations 1. Name of ontrolled organization Part of olumn 4 that is 6. Dedutions diretly Employer identifiation Net unrelated Total of speified inluded in the ontrolling onneted with number (loss) (see instrutions) payments made organization s gross in olumn 5 Nonexempt Controlled Organizations 7. Taxable Inome 8. Net unrelated (loss). Total of speified payments 1 Part of olumn that is inluded 11. Dedutions diretly onneted (see instrutions) made in the ontrolling organization s with in olumn 10 gross J Add olumns 5 and 1 Part I, line 8, olumn (A). Add olumns 6 and 11. Part I, line 8, olumn (B). Form 0-T (2013)

4 Form 0-T (2013) USA TRACK & FIELD, INC Shedule G - Investment Inome of a Setion 501()(7), (), or (17) Organization (see instrutions) 1. Desription of exploited ativity 1. Desription of 2. Amount of unrelated business from trade or business line 10, ol. (A). 3. Expenses diretly onneted with prodution of unrelated business line 10, ol. (B). Part I, line, olumn (A). 4. Net (loss) from unrelated trade or business (olumn 2 minus olumn 3). If a gain, ompute ols. 5 through Dedutions Total dedutions diretly onneted 4. Set-asides 5. and set-asides (ol. 3 plus ol. 4) 5. Gross 6. Expenses from ativity that attributable to is not unrelated olumn 5 business Part I, line, olumn (B). Shedule I - Exploited Exempt Ativity Inome, Other Than Advertising Inome (see instrutions) 7. Exess exempt expenses (olumn 6 minus olumn 5, but not more than olumn 4). Enter here and on page 1, Part II, line 26. Shedule J - Advertising Inome (see instrutions) Part I Inome From Periodials Reported on a Consolidated Basis Page 4 1. Name of periodial 3. Diret advertising advertising osts 4. Advertising gain or (loss) (ol. 2 minus ol. 3). If a gain, ompute ols. 5 through Cirulation 6. Readership osts 7. Exess readership osts (olumn 6 minus olumn 5, but not more than olumn 4). (arry to Part II, line (5)) Part II Inome From Periodials Reported on a Separate Basis (For eah periodial listed in Part II, fill in olumns 2 through 7 on a line-by-line basis.) from Part I Name of periodial 3. Diret advertising advertising osts line 11, ol. (A). line 11, ol. (B). 4. Advertising gain or (loss) (ol. 2 minus ol. 3). If a gain, ompute ols. 5 through Cirulation 6. Readership osts 7. Exess readership osts (olumn 6 minus olumn 5, but not more than olumn 4). Enter here and on page 1, Part II, line 27., Part II (lines 1-5) Shedule K - Compensation of Offiers, Diretors, and Trustees (see instrutions) 3. Perent of 4. Compensation attributable Title time devoted to 1. Name 2. to unrelated business business Total. Part II, line 14 Form 0-T (2013)

5 USA TRACK & FIELD, INC }}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ FORM 0-T COST OF GOODS SOLD - OTHER COSTS STATEMENT 1 }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} DESCRIPTION AMOUNT }}}}}}}}}}} }}}}}}}}}}}}}} WAREHOUSE OVERHEAD 10,052. CREDIT CARD FEES 12,021. }}}}}}}}}}}}}} TOTAL TO FORM 0-T, SCHEDULE A, LINE 4B 22,073. ~~~~~~~~~~~~~~ STATEMENT(S) 1