Friends Of Longshore Sailing School Inc in Westport, 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
| Friends Of Longshore Sailing School Inc | |
| Employer Identification Number (EIN) | 061602992 |
| Name of Organization | Friends Of Longshore Sailing School Inc |
| In Care of Name | John Kantor |
| Address | 73 Grove Point Road, Westport, CT 06880-6113 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,001 |
| Amount of Income | $3,080 |
| Form 990 Revenue Amount | $850 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2013: $3,080 (it was $3,392 in 2012)
| This organization: | $3,080 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2013: $5,001 (it was $4,128 in 2012)
| Friends Of Longshore Sailing School Inc: | $5,001 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2012: $2,310
| Friends Of Longshore Sailing School Inc: | $2,310 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2012: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2012: 0.0%
| Friends Of Longshore Sailing School Inc: | 0.0% |
| Other organizations performing similar types of work: | 78.3% |
| 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 | $3,392 | $0 | $3,392 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $3,392 | |||
| Total expenses and disbursements | $2,310 | $0 | $0 | $2,310 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,310 | $0 | $2,310 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $1,082 | |||
| Net investment income | $0 | |||
| Adjusted net income | $3,392 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,128 | $4,128 |
| Cash - non-interest-bearing | $4,128 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $4,128 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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? | Yes |
| 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 | $3,588 |
| Net value of noncharitable-use assets | $3,540 |
| Minimum investment return | $177 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $177 | $150 | $0 | $0 | $327 |
| Qualifying distributions made directly for active conduct of exempt activities | $2,310 | $3,528 | $2,186 | $4,800 | $12,824 |
| 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 | $118 | $100 | $0 | $0 | $218 |
| 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 | University Swim Club | Po Box 10442, Knoxville, TN 37939-0442 | TN | 2007-02 | $43,203 |
| 2 | New England Science & Sailing Foundation Inc | PO BOX 733, Stonington, CT 06378-0733 | CT | 2004-08 | $1,387,535 |
| 3 | Connecticut Boat Club | 7 Ridge Rd, Cos Cob, CT 06807-2309 | CT | 2011-03 | $331,203 |
| 4 | Leaps Of Faith Water Ski Club | 90 Housatonic Drive, Sandy Hook, CT 06482 | CT | 1998-07 | $85,286 |
| 5 | Manchester Youth Aquatics Inc | 62 Willowbrook Rd, Cromwell, CT 06416-1124 | CT | 2014-12 | $76,534 |
| 6 | Thames Aquatic Club Inc | 8 Phillips St, New London, CT 06320-2607 | CT | 2007-10 | $59,853 |
| 7 | West Hartford Waves Swim Team Inc | 27 Valley Crest Dr, West Hartford, CT 06110-1654 | CT | 2003-12 | $46,463 |
| 8 | Newington Sc Llc | 15 Valley View Drive, Newington, CT 06111 | CT | 2009-01 | $40,110 |
| 9 | Newington Swim Club Inc | PO BOX 310372, Newington, CT 06131-0372 | CT | 2014-07 | $40,110 |
| 10 | Canal Dock Boathouse Inc | 242 Bradley Street, New Haven, CT 06510 | CT | 2014-10 | $0 |
| 11 | Connecticut Community Boating Inc | 17 Lake View Drive, Ashford, CT 06278 | CT | 2010-03 | $0 |
| 12 | Connecticut Public Schools Rowing Assoc | C/O William Thompson 28 South Fair Stree, Guilford, CT 06437 | CT | 2008-02 | $0 |
| 13 | Coventry Lake Community Rowing Inc | 412 Browns Road, Storrs, CT 06268 | CT | 2015-03 | $0 |
| 14 | Coventry Lake Water Ski Club | Po Box 6, Coventry, CT 06238 | CT | 2012-08 | $0 |
| 15 | Dick Roberts Youth Fleet Fund | 34 Jones Ct, Norwich, CT 06360-6002 | CT | 2007-02 | $0 |
| 16 | Farmington Valley Rowing Association Inc | 542 Hopmeadow St Pmb 101, Simsbury, CT 06070 | CT | 2009-06 | $0 |
| 17 | Frogmen Volunteers Inc | 29 Pilgrim Dr, Tolland, CT 06084 | CT | 2003-10 | $0 |
| 18 | Housatonic Rowing Association Inc | 33 Fayerweather Ter, Bridgeport, CT 06605 | CT | 2010-07 | $0 |
| 19 | M Y C Sailing Foundation Ltd, Milford Sailing Foundation | 164 Rogers Ave, Milford, CT 06460 | CT | 2001-05 | $0 |
| 20 | Mudratz Incorporated | PO BOX 293, Stonington, CT 06378-0293 | CT | 2014-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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