Town Fair Tire Foundation Inc in East Haven, Connecticut (CT)

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Town Fair Tire Foundation Inc
Employer Identification Number (EIN)061592259
Name of OrganizationTown Fair Tire Foundation Inc
In Care of NameNeil Mellen
Address460 Coe Ave, East Haven, CT 06512-3836
SubsectionCharitable Organization
Ruling Date05/2003
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$5,511,346
Amount of Income$2,758,292
Form 990 Revenue Amount$777,412
National Taxonomy of Exempt Entities (NTEE)Diseases, Disorders, Medical Disciplines: Fund Raising and/or Fund Distribution


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Amount of income in 2013: $2,758,292 (it was $1,791,143 in 2012)
This organization: 

 $2,758,292
Other organizations performing similar types of work: 

 $63,282

Assets in 2013: $5,511,346 (it was $3,895,723 in 2012)
This organization: 

 $5,511,346
Other organizations performing similar types of work: 

 $31,552

Expenses in 2012: $431,237
Town Fair Tire Foundation Inc: 

 $431,237
Other organizations performing similar types of work: 

 $40,991

Income to expenses ratio in 2012: 6.4
Town Fair Tire Foundation Inc: 

 6.4
Other organizations performing similar types of work: 

 3.3

Grants share in income in 2012: 90.1%
Town Fair Tire Foundation Inc: 

 90.1%
Other organizations performing similar types of work: 

 100.0%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$832,387$96,488$0
Contributions, gifts, grants, etc., received$750,000
Interest on savings and temporary cash investments$1
Dividends and interest from securities$96,288
Gross rents$10
Gross profit from sales of goods$0
Other income$579
Total expenses and disbursements$431,237$4,041$0$402,231
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$29,006$4,041$0
Contributions, gifts, grants paid$402,231
Excess of revenue over expenses and disbursements$401,150
Net investment income$92,447
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$3,895,723$4,072,142
Cash - non-interest-bearing$6,127
Investments-U.S. and state government obligations$0
Investments-corporate stock$629,134
Investments-corporate bonds$1,986,651
Investments-mortgage loans$0
Investments-other$122,826
Other$1,150,985
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$3,895,723
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
Net capital loss$-14,491
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$924
Total credits and payments$2,260
2012 estimated tax payments and 2011 overpayment credited to 2012$760
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$1,500
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$1,336
Amount to be credited to 2013 estimated tax$1,336
Statements Regarding Activities (for 2012)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$3,784,814
Net value of noncharitable-use assets$3,728,040
Minimum investment return$186,402
Distributable Amount (for 2012)
Distributable amount$185,478
Undistributed Income (for 2012)
Distributable amount for 2012$185,478
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Town Fair Tire Foundation Inc460 Coe Ave, East Haven, CT 06512-3836CT2003-05$2,758,292
2Leas Foundation For Leukemia Research Inc150 Trumbull Street 2nd Floor, Hartford, CT 06103-2403CT1999-01$493,301
3Danas Angels Research Tr, Marella Philip D Ttee15 E Putnam Ave Ste 117, Greenwich, CT 06830-5424CT2003-06$478,353
4Transatlantic Orthopedic Foundation CorporationPO BOX 454, Salisbury, CT 06068-0454CT2009-05$314,900
5Brian Henninger FoundationPO BOX 4080, Darien, CT 06820-1480CT2001-12$138,105
6Sams Children Inc2138 Silas Deane Hwy, Rocky Hill, CT 06067CT2010-03$127,260
7Ella Jewell Inc47 Wood Rd, Redding, CT 06896-1617CT2010-10$93,438
8Chip In For A CurePo Box 64, West Simsbury, CT 06092CT2002-06$82,281
9Joshua Hermsen Heart Fund152 Random Road, Fairfield, CT 06825CT2009-08$19,729
10Ruby Slipper Cancer Foundation For Children Inc2842 Main Street Suite 235, Glastonbury, CT 06033-1077CT2010-04$5,225
11Als Soccer Cup Inc300 State St Ste 221, New London, CT 06320-6105CT2014-10$0
12Ballbur Inc, Ball Burglar185 Asylum Street Cityplace I 29th Floor, Hartford, CT 06103CT2007-04$0
13Connecticut Frontotemporal Dementia Foundation Inc, Harvey's Hugs Of HopePo Box 462, Marion, CT 06444CT2011-08$0
14Givageta Foundation Inc52 Robin Road, Glastonbury, CT 06033CT2009-06$0
15Hopeful Dawn Foundation67 Holly Hill Lane, Greenwich, CT 06830CT2013-12$0
16Joshua's Helping Hand Inc1890 Litchfield Turnpike, Woodbridge, CT 06525CT2004-05$0
17Outrun 38 Inc1094 Main St, Branford, CT 06405-3716CT2014-07$0
18Penelope Ann Czajka Memorial FundPO BOX 825, Woodbury, CT 06798-0825CT2002-06$0
19Swinging For The Cure Inc722 Ridge Road, Orange, CT 06477CT2005-10$0
20United Cancer Fund IncPO BOX 377, E Windsor Hl, CT 06028-0377CT1999-04$0
Number of organizations performing similar types of work
Alabama12
Arkansas9
Arizona30
California149
Colorado30
Connecticut25
District of Columbia2
Delaware2
Florida100
Georgia39
Hawaii2
Iowa8
Idaho2
Illinois61
Indiana16
Kansas10
Kentucky16
Louisiana16
Massachusetts42
Maryland31
Maine5
Michigan33
Minnesota34
Missouri26
Mississippi5
Montana8
North Carolina49
Nebraska10
New Hampshire6
New Jersey66
New Mexico4
Nevada7
New York108
Ohio44
Oklahoma9
Oregon12
Pennsylvania62
Rhode Island14
South Carolina12
South Dakota1
Tennessee19
Texas102
Utah10
Virginia40
Vermont6
Washington24
Wisconsin32
West Virginia3
Wyoming3
International3
Total1,359

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