Taconic Foundation Inc in Chicago, Illinois (IL)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Illinois
| Taconic Foundation Inc | |
| Employer Identification Number (EIN) | 131873668 |
| Name of Organization | Taconic Foundation Inc |
| In Care of Name | Jp Morgan Services Inc |
| Address | 10 S Dearborn Il1-0111, Chicago, IL 60603-2300 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 11/1959 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $10,180,437 |
| Amount of Income | $2,522,091 |
| Form 990 Revenue Amount | $584,754 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $584,754 | $637,977 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $222,387 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $362,367 | |||
| Total expenses and disbursements | $374,235 | $69,949 | $0 | $290,585 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $299,235 | $69,949 | $215,585 | |
| Contributions, gifts, grants paid | $75,000 | |||
| Excess of revenue over expenses and disbursements | $210,519 | |||
| Net investment income | $568,028 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $10,180,437 | $10,435,345 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,604,825 | |
| Investments-corporate bonds | $3,984,877 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,821,522 | |
| Other | $1,769,213 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $10,180,437 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $362,367 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $11,361 |
| Total credits and payments | $22,138 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $22,138 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $10,777 |
| Amount to be credited to 2012 estimated tax | $10,777 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $10,567,950 |
| Net value of noncharitable-use assets | $10,409,440 |
| Minimum investment return | $520,472 |
| Distributable Amount (for 2011) | |
| Distributable amount | $509,111 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $509,111 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $-10,590 | $0 | $-10,590 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $-10,590 | $0 | $-10,590 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $-10,590 |
| Unrelated business taxable income before net operating loss deduction | $-10,590 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-10,590 |
| Specific deduction | $1,000 |
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| Other organizations in Illinois | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | St Francis Hospital Sisters Of The Third Order Of St Francis | 1215 Franciscan Dr, Litchfield, IL 62056-1778 | IL | 1946-03 | $36,004,436 |
| 2 | Stairway Fund | 191 N Wacker Dr Ste 1500, Chicago, IL 60606-1899 | IL | 2005-11 | $549,583 |
| 3 | Steans Family Foundation | 50 E Washington St Ste 400, Chicago, IL 60602-2100 | IL | 1987-04 | $9,062,505 |
| 4 | Steel Founders Society Foundation | 780 Mcardle Dr Ste G, Crystal Lake, IL 60014-8155 | IL | 2000-10 | $229,441 |
| 5 | Straight Talk | 455 W Wood St Unit 201, Palatine, IL 60067-7801 | IL | 1980-03 | $129,018 |
| 6 | Sts Foundation | PO BOX 803878, Chicago, IL 60680-3878 | IL | 2005-03 | $974,031 |
| 7 | Stulberg Family Foundation | 505 N Lake Shore Dr Apt 2806, Chicago, IL 60611-6420 | IL | 2003-03 | $3,600 |
| 8 | Summer Fund Ii | 191 N Wacker Dr Ste 1500, Chicago, IL 60606-1899 | IL | 2005-11 | $695,068 |
| 9 | Swedish American Museum Association Of Chicago | 5211 N Clark St, Chicago, IL 60640-2101 | IL | 1981-06 | $1,095,228 |
| 10 | T Patrick Carr Charitable Trust | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1991-03 | $341,378 |
| 11 | Taconic Foundation Inc | 10 S Dearborn Il1-0111, Chicago, IL 60603-2300 | IL | 1959-11 | $2,522,091 |
| 12 | The Adjuvant Foundation | 191 N Wacker Dr Fl 15, Chicago, IL 60606-1899 | IL | 1993-06 | $1,973,880 |
| 13 | The Arthur Foundation | 19 Riverside Rd Ste 2, Riverside, IL 60546-2607 | IL | 1999-11 | $31,698,520 |
| 14 | The Association For Preservation Technology International Inc | 3085 Stevenson Drive, Springfield, IL 62703-4440 | IL | 1987-10 | $1,154,065 |
| 15 | The Bobolink Foundation | 333 W Wacker Dr Ste 830, Chicago, IL 60606-1225 | IL | 1986-12 | $328,585,396 |
| 16 | The Harbour Inc | 1440 Renaissance Dr S Te 240, Park Ridge, IL 60068 | IL | 1976-02 | $2,330,097 |
| 17 | The Irving Harris Foundation | 191 N Wacker Dr Ste 1500, Chicago, IL 60606-1899 | IL | 1947-06 | $31,096,273 |
| 18 | The Neil And Ginny Gerald Charitable Family Foundation | 1210 E Ogden Ave, Naperville, IL 60563-1604 | IL | 2006-07 | $282,764 |
| 19 | The Pritzker Pucker Family Foundation | 71 S Wacker Dr Ste 4700, Chicago, IL 60606-4716 | IL | 2002-07 | $15,318,538 |
| 20 | The Robert & Debra F Hartman Family Foundation, Itex Company | 6633 N Lincoln Ave, Lincolnwood, IL 60712-3605 | IL | 1999-02 | $539,942 |
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