Continuously serving Kosciusko County since 1854
Gross revenue collected from Indiana charity gaming activities is at its highest annual level, according to the recently released Charity Gaming Annual Report of the Indiana Department of Revenue.
For fiscal year 2000 (July 1, 1999, to June 30, 2000), $585,498,274 was collected statewide, compared to $512,958,371 in 1999.
Licenses issued to qualifying organizations dropped only slightly, from 2,120 in 1999 to 2,115 in 2000. However, fees collected went up from approximately $3.9 million in 1999 to an estimated $4.1 million in 2000.
Additionally, qualified organizations gave less money away to other charities. Organizations that earn more than 90 percent of their annual gross revenue from charity gaming activities are required to donate at least 60 percent of that amount to other nonrelated not-for-profit organizations.
In Kosciusko County, there are 11 organizations with annual bingo licenses.
American Legion Post 253, North Webster, had the highest gross receipts in the county, with $1,153,716.39, according to the IDR report. However, they had total expenses of $995,063.37 with net proceeds of $158,653.02. No money was given to other organizations, according to the report, and the Post retained all of its net proceeds. They had a 14 percent profit.
Second-highest gross receipts in the county was $581,553 reported by the Knights of Columbus 6323, Syracuse. Their total expenses were $479,338.60, with net proceeds of $102,214.40. They gave $51,496.96 to other organizations and retained $30,235.90. Undistributed income was reported at $20,481.54. Their percentage of profit was 18 percent.
The highest percent of profit for annual bingo licenses was 25 percent, reported by the Fraternal Order of Eagles 1339, Warsaw. Their gross receipts were $148,800, with total expenses of $111,402 and net proceeds of $37,398. They gave $380 to other organizations and had $37,018 in undistributed income.
The totals for all Kosciusko County annual bingo licenses for fiscal year 2000 were estimated at $3.8 million in gross receipts; $3.3 in total expenses; $510,000 in net proceeds; $80,000 given to other organizations; $364,000 retained for use by the organizations; and $66,000 in undistributed income.
There was only one organization in Kosciusko County with a charity game night license. American Legion Auxiliary 253, North Webster, had gross receipts of $1,494 with total expenses of $629.25. Their net proceeds were $864.75 and they gave all their net proceeds to other organizations.
Madison Elementary Parent- Teachers Organization, Warsaw, had the only raffle license in Kosciusko County. Their gross receipts were $333 and total expenses were $32.80. They retained all their net proceeds of $300.20.
Special Bingo Licenses were held by two Kosciusko County organizations. American Legion Post 223 Wawasee, Syracuse, earned $986 in net proceeds and gave all the proceeds to other organizations. Atwood Community Building, Atwood, retained all their net proceeds of $1,650.
No festival licenses were held in Kosciusko County in fiscal year 2000.
Currently, 3,500 organizations are registered with the Department of Revenue and qualify to conduct charity gaming type activities in Indiana.
Organizations that may qualify for conducting charity gaming events include certain educational, political, religious, senior citizens, veterans and civic/fraternal/charitable organizations, which are exempt from taxation under the Internal Revenue Code.
