International Parcel Tankers Association Inc in Southport, Connecticut (CT)

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International Parcel Tankers Association Inc
Employer Identification Number (EIN)061246250
Name of OrganizationInternational Parcel Tankers Association Inc
In Care of NameBlt Chembuen
Address175 Rennell Dr, Southport, CT 06890-1491
ActivitiesBusiness promotion (chamber of commerce, business league, etc.), Professional association
SubsectionBusiness League
Ruling Date03/1991
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$136,824
Amount of Income$309,984
Form 990 Revenue Amount$309,984


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Financial snapshot ($)

Functional expenses for 2011

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$309,984
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$309,984
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
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$0
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$324,650
Compensation of current officers, directors, trustees, and key employees$236,829
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$87,821
Balance Sheet (for 2011)
Total assets$136,824
Total liabilities$196,333
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$196,333
Total net assets or fund balances$-59,509
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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