2012-11-15T15:01:09-06:00 2011-12-31 061533253 SASLOW LUFKIN & BUGGY LLP TEN TOWER LANE AVON CT 06001 990 2011-01-01 061309318 GIFTS OF LOVE INC GIFT 8606762323 PO BOX 463 AVON CT 06001 JEREMY GRESHIN 8606762323 2012-11-14 1 RICHARD BUGGY P00512316 8606789200 2011 2016-02-24 21:20:13Z JEREMY GRESHIN PO BOX 463 AVON CT 06001 881181 0 X WWW.GIFTSOFLOVECT.ORG X 1989 CT THE MISSION OF THE ORGANIZATION IS TO MATCH QUALIFIED RECIPIENTS WITH DIRECT AID IN THE FORM OF FOOD, CLOTHING, HOUSEHOLD GOODS AND OTHER NEEDED ITEMS. 12 12 11 0 0 0 975765 864375 0 0 -197 3658 0 0 975568 868033 10935 195 0 0 193520 211807 0 0 51138 694122 756483 898577 968485 76991 -100452 512636 402082 21591 11489 491045 390593 THE MISSION OF THE ORGANIZATION IS TO MATCH QUALIFIED RECIPIENTS WITH DIRECT AID IN THE FORM OF FOOD, CLOTHING, HOUSEHOLD GOODS AND OTHER NEEDED ITEMS. 0 0 746747 195 808198 THE FAMILIES GIFTS OF LOVE SERVES ARE THAT OF THE WORKING POOR AND INDIVIDUALS OR FAMILIES IN CRISIS THAT NEED TEMPORARY ASSISTANCE. THE ORGANIZATION MAINTAINS A COMPLETE FOOD PANTRY, AS WELL AS DONATED CLOTHING, TOYS AND HOUSEHOLD ITEMS. PEOPLE IN NEED "SHOP" FREE OF CHARGE AND FURNITURE REQUESTS ARE ALSO FILLED. 64785 59835 GIFTS OF LOVE HAS MANY SPECIAL PROJECTS: EASTER/PASSOVER, AUGUST "BACK TO SCHOOL" WITH BACKPACKS, THANKSGIVING, AND CHRISTMAS/HANUKKAH. THE UNIQUE ASPECT OF THE DECEMBER HOLIDAY PROJECT IS THE SPONSORSHIP OF FAMILIES BY COMMUNITY GROUPS AND CORPORATIONS THAT ARE MATCHED WITH A WISH LIST OF EACH GIFTS OF LOVE FAMILY. SPONSORS USUALLY PROVIDE FOOD, GIFTS AND WHATEVER IS NEEDED FOR THE HOLIDAY CELEBRATION. 811532 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 11 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X X GIFTS OF LOVE 8606762323 35 EAST MAIN STREET AVON CT 06001 MATT CARMON 2.00 X 0 0 0 STACY FARBER 2.00 X X 0 0 0 JEREMY GRESHIN 2.00 X X 0 0 0 MAURA FITZGERALD 2.00 X 0 0 0 GEORGE PALMS 2.00 X X 0 0 0 JOE JOSHI 2.00 X 0 0 0 DON MACQUATTIE 2.00 X 0 0 0 JENNIFER O'DEA 2.00 X 0 0 0 KATE ADAMS 2.00 X 0 0 0 ROBERT BOYAN 2.00 X X 0 0 0 ERVIN LAUTERBACH 2.00 X 0 0 0 ED QUEIROLO 2.00 X 0 0 0 DIANA GOODE 35.00 X 61657 0 5324 61657 0 5324 0 0 0 0 0 864375 566068 864375 3658 3658 13148 13148 0 868033 0 0 3658 195 195 61657 61657 131275 51693 48865 30717 18875 347 18444 84 4000 3000 1000 1726 1552 74 100 25950 5884 9402 10664 52085 32600 18992 493 1454 1269 90 95 13007 6504 6503 16823 13144 2008 1671 CONTRIBUTED SERVICES/GO 562653 562653 PROGRAM EXPENSE 67737 67712 25 PRINTING EXPENSE 10994 3268 412 7314 TRUCK EXPENSE 54 54 968485 811532 105815 51138 245730 291354 57785 0 132925 40049 32754 36169 1559 1074 77495 44059 41883 33436 512636 402082 21591 11489 21591 11489 X 358120 343935 132925 46658 491045 390593 512636 402082 -100452 0 X X 0 1 1 X 0 X 666589 556946 945494 975765 864375 4009169 85388 62589 50898 21553 13148 233576 751977 619535 996392 997318 877523 4242745 0 0 0 4242745 1644 2620 554 420 3658 8896 1644 2620 554 420 3658 8896 753621 622155 996946 997738 881181 4251641 0.99790 0.99800 0.00210 0.00200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66035 36683 29352 11460 7376 4084 33436 868033 968485 -100452 -100452 881181 13148 13148 868033 0 868033 981633 13148 13148 968485 0 968485 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH CERTAIN PROVISIONS OF FASB ASC 740, "INCOME TAXES," WHICH PROVIDES A FRAMEWORK FOR HOW COMPANIES SHOULD RECOGNIZE, MEASURE, PRESENT AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. UNDER FASB ASC 740, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2011 AND 2010. AS OF DECEMBER 31, 2011 AND 2010, THE ORGANIZATION DID NOT RECORD ANY PENALTIES OR INTEREST ASSOCIATED WITH UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S PRIOR THREE TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 13,148. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 13,148. X 286656 THRIFT SHOP X 175888 THRIFT SHOP X HOLIDAY GIFTS 13267 THRIFT SHOP X MISCELLANEOUS 81590 THRIFT SHOP X SCHOOL SUPPLIES 5252 THRIFT SHOP 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PROVIDED TO THE BOARD PRESIDENT FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL "DECLARATION OF INTERESTS" FORM IS REQUIRED TO BE COMPLETED. FORM 990, PART VI, SECTION B, LINE 15 ALL BOARD MEMBERS PARTICIPATE IN AN ANNUAL SALARY EVALUATION AND DETERMINATION PROCESS FOR THE EXECUTIVE DIRECTOR THAT IS INITIATED VIA E-MAIL COMMUNICATIONS. AT A SUBSEQUENT BOARD MEETING THE EVALUATION AND DETERMINATION IS FINALIZED RESULTING IN FORMAL BOARD APPROVAL OF COMPENSATION. THE ORGANIZATION'S ONLY COMPENSATED OFFICER IS THE EXECUTIVE DIRECTOR. THE ORGANIZATION HAS NO EMPLOYEES MEETING THE 990 DEFINITION OF KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE AND UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS AUDIT OVERSIGHT PROCESS OR THE INDEPENDENT ACCOUNTANT SELECTION PROCESS DURING THE TAX YEAR.