Return Reference | Explanation |
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Client Note 1 | Client Note 1 - The Penn Valley Community Rodeo AssociationEIN: 20-1701406CA ID Number: 2855235The main event for the Penn Valley Community Rodeo Association ("PVCRA") is held on an annual basis during the month of May. With regards to the definition of the unrelated business taxable income under IRC Section 512(a)(1) and as further defined under Regulations Section 1.513-1(c), the gross income derived by PVCRA from the various booths at the annual rodeo would not be subject to the unrelated business income tax as the production of such income is NOT regularly carried on. The frequency and continuity of the activity is only on an annual basis and only for three days. In addition, the activity is conducted without the competitive and promotional efforts typical of commercial endeavors.All of the activities within the annual rodeo event are substantially related to the organization's performance of its exempt function. |
Other Expenses.1001 | Advertising and Promotion $6421 |
Other Expenses.1002 | Office Expenses $2522 |
Other Expenses.1003 | Information Technology $390 |
Other Expenses.1012 | Insurance $6334 |
Other Expenses.1 | Rodeo Stock Contractor $19500 |
Other Expenses.2 | Awards $18332 |
Other Expenses.3 | Grounds Maintenance Expense $6841 |
Other Expenses.4 | Rodeo Contract Services $6829 |
Other Expenses.5 | Rodeo Announcer $4800 |
Other Expenses.6 | Utilities $4291 |
Other Expenses.7 | Damages $4191 |
Other Expenses.8 | Rodeo Beer Booth $4071 |
Other Expenses.9 | Rodeo Sponsor $3785 |
Other Expenses.11 | Arena Grooming $3060 |
Other Expenses.12 | Rodeo Stock Expense $2880 |
Other Expenses.13 | Septic Repair $2816 |
Other Expenses.14 | Cookhouse Expense $2637 |
Other Expenses.15 | Donations $2250 |
Other Expenses.16 | Sales Tax Included in Sales $2013 |
Other Expenses.17 | Rodeo Fuel $1277 |
Other Expenses.18 | Museum Expenses $1204 |
Other Expenses.19 | Rodeo Banner Expenses $1080 |
Other Expenses.20 | Sanctioning Fees $963 |
Other Expenses.21 | Sprinklers $788 |
Other Expenses.22 | Licenses and Permits $605 |
Other Expenses.23 | Tables $487 |
Other Expenses.24 | Bank Fees $116 |
Other Expenses.25 | Supplies $116 |
Other Assets.1003 | Machinery and Equipment - Beginning $2998 Machinery and Equipment - Ending $2740 |
Other Assets.1005 | Accounts Receivable - Beginning $3843 Accounts Receivable - Ending $1800 |
Other Assets.1010 | Inventories - Beginning $407 Inventories - Ending $0 |
Other Assets.1 | Security Deposit - Beginning $0 Security Deposit - Ending $900 |
Software ID: | 13000170 |
Software Version: | 2013v3.1 |