Flotilla 72 Corporation in Wilton, Connecticut (CT)

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Flotilla 72 Corporation
Employer Identification Number (EIN)061046028
Name of OrganizationFlotilla 72 Corporation
In Care of NameJoseph Lovas
Address93 Pond Rd, Wilton, CT 06897
ActivitiesRescue and emergency service
SubsectionCharitable Organization
Ruling Date10/1990
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$233,037
Amount of Income$10,253
Form 990 Revenue Amount$10,253
National Taxonomy of Exempt Entities (NTEE)Public Safety, Disaster Preparedness and Relief: Safety Education


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Amount of income in 2013: $10,253
This organization: 

 $10,253
Other organizations performing similar types of work: 

 $975,126

Assets in 2013: $233,037
This organization: 

 $233,037
Other organizations performing similar types of work: 

 $592,743

Expenses in 2011: $9,215
Flotilla 72 Corporation: 

 $9,215
Other organizations performing similar types of work: 

 $890,634

Income to expenses ratio in 2011: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 96.6%
Flotilla 72 Corporation: 

 96.6%
Other organizations performing similar types of work: 

 78.0%

Grants share in income in 2011: 5.6%
This organization: 

 5.6%
Other organizations performing similar types of work: 

 16.2%

Financial snapshot ($)

Revenue for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$14,772
Contributions, Gifts, Grants and Other Similar Amounts$830
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,033
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$12,909
Gross income from fundraising events$36,557
Less: direct expenses$23,648
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$9,215
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$9,215
Balance Sheet (for 2011)
Total assets$232,189
Total liabilities$840
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$840
Total net assets or fund balances$231,349
Retained earnings, endowment, accumulated income, or other funds$231,349
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$170,732
Gifts, grants, contributions, and membership fees received$1,333
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$148,482
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$20,917
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$17,562$24,891$16,091$27,168$13,294$13,309$16,964$10,253
Contributions, gifts, grants, and similar amounts received$50$8,301$0$8,575$75$254$250$0
Contributions to donor advised funds$0$0
Direct public support$50$8,301$0$8,575$75$254$250$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$25$0$0$0$0$0$0$0
Membership dues and assessments$87$63$59$103$64$60$68$63
Interest on savings and temporary cash investments$7,370$6,570$3,333$2,282$1,791$2,984$6,165$6,117
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$500$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$8,500$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$8,000$0$0$0$0$0$0
Net income or (loss) from special events and activities$10,030$9,457$12,699$16,208$11,364$10,002$10,481$4,073
Gross revenue$34,488$35,428$36,360$41,405$37,276$36,798$36,496$27,678
Less: direct expenses other than fundraising expenses$24,458$25,971$23,661$25,197$25,912$26,796$26,015$23,605
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Total expenses$16,924$15,574$10,368$17,761$12,839$14,592$13,066$15,701
Program services$16,653$15,282$9,984$17,484$12,638$14,404$12,844$15,164
Management and general$271$292$384$277$201$188$222$537
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$218,388$227,704$226,008$235,415$235,870$234,587$238,485$233,037
Excess or (deficit) for the year$638$9,317$5,723$9,407$455$-1,283$3,898$-5,448
Net assets or fund balances at beginning of year$217,750$218,387$227,704$226,008$235,415$235,870$234,587$238,485
Other changes in net assets or fund balances$0$0$-7,419$0$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$15,701$15,164$537$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$426$0$426$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$233$233$0$0
Occupancy$7,218$7,218$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$2,863$2,863$0$0
Other expenses not covered above$4,961$4,850$111$0
Balance Sheets
20002001200220032004200520062007
Total assets$218,387$227,704$226,008$235,435$235,950$234,687$238,585$233,697
Cash - non-interest-bearing$3,598$15,180$20,247$28,498$30,467$21,242$30,783$12,874
Savings and temporary cash investments$178,591$181,900$185,627$181,866$183,656$196,641$202,806$209,583
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$3,500$2,500$1,000$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$7,210$8,650$9,150$9,483$9,507$9,507$700$9,807
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$25,488$19,474$9,984$15,588$12,320$7,297$4,296$1,433
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$0$0$0$20$80$100$100$660
Accounts payable and accrued expenses$0$0$0$0$0$0$0$0
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$0$0$0$20$80$100$100$660
Total liabilities and net assets/fund balances$218,387$227,704$226,008$235,435$235,950$234,687$238,585$233,697
Total net assets or fund balances$218,387$227,704$226,008$235,415$235,870$234,587$238,485$233,037
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$17,562$24,891$16,091$27,168$13,294$13,309$16,964$10,253
Total revenue, gains, and other support per audited financial statements$17,562$24,891$16,091$27,168$13,294$13,309$16,964$10,253
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$16,924$15,574$10,368$17,761$12,839$14,592$13,066$15,701
Total expenses and losses per audited financial statements$16,924$15,574$10,368$17,761$12,839$14,592$13,066$15,701
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$10,253
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$63
Interest on savings and temporary cash investments000000$000$0$6,117
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$4,073
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
19992000200120022003200420052006
Total$38,124$41,995$50,204$39,752$52,365$38,728$40,105$42,979
Gifts, grants, and contributions received$50$50$8,143$0$8,575$75$254$250
Membership fees received$46$87$63$59$103$64$69$68
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$32,701$34,488$35,428$36,360$41,405$36,798$36,798$36,496
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$5,327$7,370$6,570$3,333$2,282$1,791$2,984$6,165
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1National Safety Council1121 Spring Lake Dr, Itasca, IL 60143-3200IL1953-12$57,316,683
2National Road Safety Foundation Inc18 E 50th St Fl 10, New York, NY 10022-9108NY1990-05$7,313,272
3Lowe's Home Safety CouncilNorth Wilkesboro, NC 28656NC$6,242,976
4Safety Center Inc3909 Bradshaw Rd, Sacramento, CA 95827-3803CA1983-11$5,180,265
5Minnesota Safety Council Inc474 Concordia Ave, Saint Paul, MN 55103-2412MN1953-09$4,242,335
6United States Power Squadrons, Sail And Power BoatingPO BOX 30423, Raleigh, NC 27622-0423NC1949-03$2,786,291
7New Mexico One-Call System Inc1021 Eubank Blvd Ne, Albuquerque, NM 87112-5309NM1990-04$2,606,773
8Electrical Safety Foundation International Inc1300 17th St N Ste 900 # 500, Rosslyn, VA 22209-3801VA1995-03$1,885,647
9Mta Education Center Inc1131 Centennial Way, Lansing, MI 48917-8250MI1998-01$772,063
10United States Power Squadron Flint, 9 Flint Sail &2444 E Grand Blanc Rd, Grand Blanc, MI 48439-8114MI$64,246
11United States Power SquadronsP O Box, Port Clinton, OH 43452OH1968-02$52,563
12Flotilla 72 Corporation93 Pond Rd, Wilton, CT 06897CT1990-10$10,253
13Suncoast Safety Council Inc1145 Court St, Clearwater, FL 33756-5748FL1970-04$1,947,847
14Sunshine Safety Council Inc150 N Beach St, Daytona Beach, FL 32114-3308FL1984-04$975,126
15The Crooked Creek Township Volunteer Fire Department260 E Court St, Marion, NC 28752-4045NC2001-09$160,619
16Sea-N-Shore Water Safety Consultants Inc545 Umatilla Blvd, Umatilla, FL 32784-8434FL1967-04$18,095
17Alabama Fire And Life Safety Education Association421 Cherokee Dr, Trussville, AL 35173-1108AL2000-03$0
18Bloomington Gun Safety Training9717 Rich Curve, Bloomington, MN 55437MN1999-08$0
19National Safety Council South Alabama Chapter3201 S Midtown Park, Mobile, AL 36606-4126AL1966-07$0
20Sheriffs Team Of Active Retired Seniors S T A R SPo Box 275, Magalia, CA 95954CA2001-11$0
Number of organizations performing similar types of work
Alabama2
Arizona1
California2
Connecticut1
Florida5
Illinois2
Louisiana1
Massachusetts1
Michigan2
Minnesota2
North Carolina3
New Mexico1
New York1
Ohio1
Texas1
Virginia1
Wisconsin1
Total28

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