Torrance Rose Float Association Inc is located in Torrance, CA. The organization was established in 2012. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torrance Rose Float Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Torrance Rose Float Association Inc generated $178.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $132.3k during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
BEGAN AS A QUALIFIED CHARITABLE ORGANIZATION TO RAIEE AWARENESS, INTEREST AND FUNDS TO SUPPORT THE EFFORTS OF PARTICIPATION IN THE ANNUAL NEW YEAR'S DAY PARADE WITH A UNIQUE, REPRESENTATIVE AND THEMATIC FLOAT DESIGN REPRESENTING THE CITY OF TORRANCE, CA.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Findley President | 0 | $0 | |
Debbie Austin Vice-President | 0 | $0 | |
Michelle Polcari Treasurer | 0 | $0 | |
Carol Gilles Secretary | 0 | $0 | |
Camilla Sefarian Director Of Mem | 0 | $0 | |
Debbie Vaca Dir Of Voluntee | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,822 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $178,822 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $185 |
| Other expenses | $132,093 |
| Total expenses | $132,278 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $136,549 |
| Other assets | $0 |
| Total assets | $136,549 |
| Total liabilities | $301 |
| Net assets or fund balances | $136,248 |