Flag Velo Inc in Flagstaff, Arizona (AZ)
Table of contents:
| Flag Velo Inc | |
| Employer Identification Number (EIN) | 800011780 |
| Name of Organization | Flag Velo Inc |
| In Care of Name | Melissa Grimes |
| Address | 493 W Philomena Dr, Flagstaff, AZ 86001-1333 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2013 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $46,330 |
| Amount of Income | $54,891 |
| Form 990 Revenue Amount | $54,891 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General) |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Total revenue | $29,193 | $34,588 | $38,030 | $28,171 | $54,891 |
| Contributions, gifts, grants, and similar amounts received | $18,995 | $25,486 | $31,112 | $23,679 | $41,080 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $10,198 | $9,102 | $6,918 | $4,492 | $13,811 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 | $0 |
| Total expenses | $29,753 | $25,319 | $23,640 | $38,324 | $33,506 |
| Total net assets | $11,439 | $20,709 | $35,099 | $24,946 | $46,330 |
| Excess/Deficit for the year | $-560 | $9,269 | $14,390 | $-10,153 | $21,384 |
| Net assets or fund balances at beginning of year | $11,999 | $11,440 | $20,709 | $35,099 | $24,946 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $11,439 | $20,709 | $35,099 | $24,946 | $46,330 |
| Balance Sheets | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Total assets | $11,439 | $20,709 | $35,099 | $24,946 | $46,330 |
| Total liabilities | $0 | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $11,439 | $20,709 | $35,099 | $24,946 | $46,330 |
| Other Information | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No | No | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No | No | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | No | No |
| Total amount involved | $0 | $0 | $0 | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | No | No |
| Reason for Public Charity Status (for 2013) | |
| 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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $184,875 |
| Subtotal | $184,875 |
| Gifts, grants, contributions, and membership fees received | $184,875 |
| 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 | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $184,875 |
| Public support | $184,875 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | First Love Charities Inc | PO BOX 246, Cornville, AZ 86325-0246 | AZ | 1998-10 | $4,011 |
| 2 | First Magnus Reinsurance Ltd | Two North Central Ave Ste 720, Phoenix, AZ 85004 | AZ | 1999-07 | $250,698 |
| 3 | First Methodist Foundation Of Phoenix | 5510 N Central Ave, Phoenix, AZ 85012-1313 | AZ | 1972-11 | $447,311 |
| 4 | The Pelican Charitable Foundation | 17550 N Perimeter Dr, Scottsdale, AZ 85255-7828 | AZ | 2002-10 | $1,601,204 |
| 5 | First Step Foundation | 4110 W Sweetwater Dr, Tucson, AZ 85745-9348 | AZ | 2001-12 | $32,016 |
| 6 | First United Methodist Leeson Memorial 1021-70276900, Wells Fargo Bank Na | P O Box 53456, Phoenix, AZ 85072 | AZ | $1,927 | |
| 7 | Firstar Business Insurance Ltd | 1635 N Greenfield Rd Ste 127, Mesa, AZ 85205-4011 | AZ | 2001-09 | $709,579 |
| 8 | Fitness Club | 19803 Rh Johnson Blvd, Sun City W, AZ 85375-4417 | AZ | 1983-02 | $83,272 |
| 9 | Fix The Hurt Corp, Fix The Hurt | 945 N Pasadena Unit 42, Mesa, AZ 85201-4311 | AZ | 2008-08 | $95,100 |
| 10 | Flag Children Services Inc | 16423 N 45th Ave, Glendale, AZ 85306-2107 | AZ | 1996-02 | $818,013 |
| 11 | Flag Velo Inc | 493 W Philomena Dr, Flagstaff, AZ 86001-1333 | AZ | 2013-05 | $54,891 |
| 12 | Flag Velo Inc | 493 W Philomena Dr, Flagstaff, AZ 86001-1333 | AZ | 2009-04 | $63,194 |
| 13 | Flagstaff Alano Club Inc | 2102 E 3rd Ave, Flagstaff, AZ 86004-4213 | AZ | 2004-11 | $68,009 |
| 14 | Flagstaff Art Barn Inc | 2320 N Fort Valley Rd, Flagstaff, AZ 86001-1200 | AZ | 1965-06 | $61,064 |
| 15 | Flagstaff Arts & Leadership Academy Inc | 3401 N Fort Valley Rd, Flagstaff, AZ 86001-8388 | AZ | 1998-07 | $2,820,397 |
| 16 | Flagstaff Bordertown Dormitory Board Inc | 901 N Kinlani Dr, Flagstaff, AZ 86001-1585 | AZ | 1987-02 | $2,140,653 |
| 17 | The Peace Workshop International | Po Box 1298, Cornville, AZ 86325 | AZ | 1999-02 | $0 |
| 18 | Flagstaff Cooperative Preschool Inc | PO BOX 428, Flagstaff, AZ 86002-0428 | AZ | 2012-04 | $432,693 |
| 19 | Flagstaff Arts Council | PO BOX 296, Flagstaff, AZ 86002-0296 | AZ | 1984-11 | $776,966 |
| 20 | Flagstaff Downtown Business Alliance | PO BOX 1546, Flagstaff, AZ 86002 | AZ | 2003-10 | $36,968 |
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