Arello Foundation in Chicago, Illinois (IL)
Table of contents:
| Arello Foundation | |
| Employer Identification Number (EIN) | 205076923 |
| Name of Organization | Arello Foundation |
| In Care of Name | Debbie Campagnola |
| Address | 150 N Wacker Dr Ste 920, Chicago, IL 60606-1682 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $156,608 |
| Amount of Income | $155,852 |
| Form 990 Revenue Amount | $152,400 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $155,852 (it was $1,232 in 2012)
| This organization: | $155,852 |
| Other organizations performing similar types of work: | $79,835 |
Assets in 2013: $156,608 (it was $4,367 in 2012)
| Arello Foundation: | $156,608 |
| Other organizations performing similar types of work: | $109,083 |
Expenses in 2013: $15,500
| This organization: | $15,500 |
| Other organizations performing similar types of work: | $38,188 |
Income to expenses ratio in 2013: 10.1
| This organization: | 10.1 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 96.3%
| This organization: | 96.3% |
| Other organizations performing similar types of work: | 77.6% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $26 | $4 | $1,232 | $152,400 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $1,232 | $146,693 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $26 | $4 | $0 | $5,067 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $640 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $0 | $4,092 |
| Less: cost or other basis and sales expenses | $0 | $0 | $0 | $3,452 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $913 | $173 | $11,741 | $15,500 |
| Total net assets | $15,045 | $14,876 | $4,367 | $143,147 |
| Excess/Deficit for the year | $-887 | $-169 | $-10,509 | $136,900 |
| Net assets or fund balances at beginning of year | $15,932 | $15,045 | $14,876 | $4,367 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $1,880 |
| Net assets or fund balances at end of year | $15,045 | $14,876 | $4,367 | $143,147 |
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $15,045 | $14,876 | $4,367 | $156,608 |
| Total liabilities | $0 | $0 | $0 | $13,461 |
| Net assets or fund balances | $15,045 | $14,876 | $4,367 | $143,147 |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | No |
| Total amount involved | $0 | $0 | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $10,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Policy Forum Endowment Fund | 1615 H St Nw, Washington, DC 20062-0001 | DC | 2013-08 | $2,027,660 |
| 2 | Edgewater Uptown Building Corporation | 4740 N Clark St, Chicago, IL 60640-4689 | IL | 2008-08 | $602,956 |
| 3 | Odessa Hispanic Chamber Of Commerce | 119 West 4th Ste 202, Odessa, TX 79761-5015 | TX | 2011-11 | $245,086 |
| 4 | Arello Foundation | 150 N Wacker Dr Ste 920, Chicago, IL 60606-1682 | IL | 2010-02 | $155,852 |
| 5 | Pci Educational Foundation | 209 W Jackson Blvd, Chicago, IL 60606-6907 | IL | 2001-12 | $142,533 |
| 6 | Charleston Chamber Foundation | 4500 Leeds Avenue Suite 100, North Charleston, SC 29405 | SC | 2010-04 | $112,500 |
| 7 | Richmond Nawbo Foundation | PO BOX 3211, Richmond, VA 23228-9704 | VA | 2001-07 | $85,703 |
| 8 | Fuel Foundation | 3930 Pender Dr Ste 340, Fairfax, VA 22030-0986 | VA | 2014-01 | $79,835 |
| 9 | Wisconsin Academy Of Pediatrics Foundation Inc | 563 Carter Court Suite B, Kimberly, WI 54136-2201 | WI | 1999-06 | $74,997 |
| 10 | Icbm Education Foundation | 2600 Eagan Woods Dr Ste 200, Eagan, MN 55121-1152 | MN | 2008-11 | $66,849 |
| 11 | Better Business Bureau Foundation Of Eastern Washington And North Id | 152 S Jefferson St Ste 200, Spokane, WA 99201-4524 | WA | 2003-09 | $15,437 |
| 12 | Chatham Business Association Inc | 800 East 78th Street, Chicago, IL 60619 | IL | 2008-05 | $11,813 |
| 13 | Society Of Radiologists In Ultrasound Foundation | 1891 Preston White Dr, Reston, VA 20191-4326 | VA | 2010-02 | $9,579 |
| 14 | Corning Area Chamber Of Commercefoundation Inc | 1 W Market St Ste 202, Corning, NY 14830-2680 | NY | 2009-03 | $9,185 |
| 15 | Tulsa Press Club Foundation Inc | 415 S Boston, Tulsa, OK 74103-5021 | OK | 2009-05 | $8,800 |
| 16 | American Boat Builders And Repairers Foundation Inc | 48 Water Street, Warren, RI 02885 | RI | 2005-01 | $1,125 |
| 17 | Walla Walla Valley Chamber Foundation | 29 E Sumach Street, Walla Walla, WA 99362 | WA | 2009-06 | $500 |
| 18 | Abilene Black Chamber Of Commerce Charitable Fund | 401 Cypress Street Suite 420, Abilene, TX 79601 | TX | 2014-11 | $0 |
| 19 | American College Of Multiple Specialties In Podiatry | 1350 Broadway Suite 1705, New York, NY 10018 | NY | 2009-08 | $0 |
| 20 | Atlantic City Convention & Visitors Authority Foundation Inc | 2314 Pacific Ave, Atlantic City, NJ 08401-6629 | NJ | 2009-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 50 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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