FLSA does not apply to all employers...................
so far everyone is wrong on that part of the answer except Judy............
as far as your employer here is the definition of a covered employer:
All employees of certain enterprises having workers engaged in interstate commerce, producing goods for interstate commerce, or handling, selling, or otherwise working on goods or materials that have been moved in or produced for such commerce by any person, are covered by FLSA.
A covered enterprise is the related activities performed through unified operation or common control by any person or persons for a common business purpose and -
whose annual gross volume of sales made or business done is not less than $500,000 (exclusive of excise taxes at the retail level that are separately stated);
or
is engaged in the operation of a hospital, an institution primarily engaged in the care of the sick, the aged, or the mentally ill who reside on the premises; a school for mentally or physically disabled or gifted children; a preschool, an elementary or secondary school, or an institution of higher education (whether operated for profit or not for profit);
or
is an activity of a public agency.
http://www.dol.gov/esa/whd/regs/compliance/hrg.htm#2
for more info on what businesses are covered:
http://www.dol.gov/esa/whd/regs/compliance/whdfs14.pdf
for info about required posters:
http://www.dol.gov/compliance/topics/posters.htm
for info on all aspects of FLSA:
http://www.dol.gov/compliance/laws/comp-flsa.htm
and
http://www.dol.gov/esa/whd/fact-sheets-index.htm