Town Fair Tire Foundation Inc in East Haven, Connecticut (CT)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Town Fair Tire Foundation Inc | |
| Employer Identification Number (EIN) | 061592259 |
| Name of Organization | Town Fair Tire Foundation Inc |
| In Care of Name | Neil Mellen |
| Address | 460 Coe Ave, East Haven, CT 06512-3836 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - 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 |
Non-representatives - add comments:
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% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements 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 Value | Fair 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) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Town Fair Tire Foundation Inc | 460 Coe Ave, East Haven, CT 06512-3836 | CT | 2003-05 | $2,758,292 |
| 2 | Leas Foundation For Leukemia Research Inc | 150 Trumbull Street 2nd Floor, Hartford, CT 06103-2403 | CT | 1999-01 | $493,301 |
| 3 | Danas Angels Research Tr, Marella Philip D Ttee | 15 E Putnam Ave Ste 117, Greenwich, CT 06830-5424 | CT | 2003-06 | $478,353 |
| 4 | Transatlantic Orthopedic Foundation Corporation | PO BOX 454, Salisbury, CT 06068-0454 | CT | 2009-05 | $314,900 |
| 5 | Brian Henninger Foundation | PO BOX 4080, Darien, CT 06820-1480 | CT | 2001-12 | $138,105 |
| 6 | Sams Children Inc | 2138 Silas Deane Hwy, Rocky Hill, CT 06067 | CT | 2010-03 | $127,260 |
| 7 | Ella Jewell Inc | 47 Wood Rd, Redding, CT 06896-1617 | CT | 2010-10 | $93,438 |
| 8 | Chip In For A Cure | Po Box 64, West Simsbury, CT 06092 | CT | 2002-06 | $82,281 |
| 9 | Joshua Hermsen Heart Fund | 152 Random Road, Fairfield, CT 06825 | CT | 2009-08 | $19,729 |
| 10 | Ruby Slipper Cancer Foundation For Children Inc | 2842 Main Street Suite 235, Glastonbury, CT 06033-1077 | CT | 2010-04 | $5,225 |
| 11 | Als Soccer Cup Inc | 300 State St Ste 221, New London, CT 06320-6105 | CT | 2014-10 | $0 |
| 12 | Ballbur Inc, Ball Burglar | 185 Asylum Street Cityplace I 29th Floor, Hartford, CT 06103 | CT | 2007-04 | $0 |
| 13 | Connecticut Frontotemporal Dementia Foundation Inc, Harvey's Hugs Of Hope | Po Box 462, Marion, CT 06444 | CT | 2011-08 | $0 |
| 14 | Givageta Foundation Inc | 52 Robin Road, Glastonbury, CT 06033 | CT | 2009-06 | $0 |
| 15 | Hopeful Dawn Foundation | 67 Holly Hill Lane, Greenwich, CT 06830 | CT | 2013-12 | $0 |
| 16 | Joshua's Helping Hand Inc | 1890 Litchfield Turnpike, Woodbridge, CT 06525 | CT | 2004-05 | $0 |
| 17 | Outrun 38 Inc | 1094 Main St, Branford, CT 06405-3716 | CT | 2014-07 | $0 |
| 18 | Penelope Ann Czajka Memorial Fund | PO BOX 825, Woodbury, CT 06798-0825 | CT | 2002-06 | $0 |
| 19 | Swinging For The Cure Inc | 722 Ridge Road, Orange, CT 06477 | CT | 2005-10 | $0 |
| 20 | United Cancer Fund Inc | PO BOX 377, E Windsor Hl, CT 06028-0377 | CT | 1999-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,359 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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