Air Classics Inc in Sugar Grove, Illinois (IL)
Table of contents:
| Air Classics Inc | |
| Employer Identification Number (EIN) | 363686509 |
| Name of Organization | Air Classics Inc |
| Address | 3w624 Us Rte 30, Sugar Grove, IL 60554 |
| Activities | Study and research (non scientific) |
| Subsection | Charitable Organization |
| Ruling Date | 07/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $42,393 |
| Amount of Income | $15,614 |
| Form 990 Revenue Amount | $15,614 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Museum, Museum Activities |
Non-representatives - add comments:
Amount of income in 2014: $15,614 (it was $16,590 in 2013)
| Air Classics Inc: | $15,614 |
| Other organizations performing similar types of work: | $433,282 |
Assets in 2014: $42,393 (it was $45,192 in 2013)
| Air Classics Inc: | $42,393 |
| Other organizations performing similar types of work: | $1,224,023 |
Expenses in 2013: $16,428
| Air Classics Inc: | $16,428 |
| Other organizations performing similar types of work: | $338,913 |
Income to expenses ratio in 2013: 1.0
| Air Classics Inc: | 1.0 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2013: 41.6%
| Air Classics Inc: | 41.6% |
| Other organizations performing similar types of work: | 70.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $30,712 | $14,345 | $15,889 |
| Contributions, gifts, grants, and similar amounts received | $22,756 | $7,135 | $6,614 |
| Program service revenue including government fees and contracts | $7,622 | $7,515 | $8,113 |
| Membership dues and assessments | $40 | $45 | $180 |
| Investment income | $2 | $0 | $8 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $292 | $-350 | $974 |
| Gross sales of inventory, less returns and allowances | $1,640 | $3,086 | $1,675 |
| Less: cost of goods sold | $1,348 | $3,436 | $701 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $22,941 | $24,779 | $16,428 |
| Total net assets | $56,166 | $45,732 | $45,192 |
| Excess/Deficit for the year | $7,771 | $-10,434 | $-539 |
| Net assets or fund balances at beginning of year | $48,395 | $56,166 | $45,731 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $45,732 | $45,192 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $56,166 | $45,732 | $45,192 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $56,166 | $45,732 | $45,192 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | A community trust described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 8 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $50,660 |
| Subtotal Support | $50,660 |
| Gifts, grants, contributions, and membership fees received | $50,660 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $87,397 |
| Public Support | $50,660 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $350 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $36,387 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Cantigny Foundation | 1s151 Winfield Rd, Wheaton, IL 60189-3353 | IL | 1990-03 | $36,488,691 |
| 2 | Adler Planetarium | 1300 S Lake Shore Dr, Chicago, IL 60605-2403 | IL | 1968-09 | $22,385,046 |
| 3 | Peoria Riverfront Museum Foundation | 222 Sw Washington St, Peoria, IL 61602-2500 | IL | 1998-08 | $4,999,244 |
| 4 | Dusable Museum Of African American History Inc | 740 E 56th Pl, Chicago, IL 60637-1408 | IL | 1963-07 | $4,007,812 |
| 5 | Renaissance Society At The University Of Chicago | 5811 S Ellis Ave, Chicago, IL 60637-1404 | IL | 1953-05 | $1,918,316 |
| 6 | Museum Campus Corporation | 1400 S Lake Shore Dr, Chicago, IL 60605-2827 | IL | 1999-07 | $1,042,751 |
| 7 | Smith Museum Of Stained Glass Windows And American Art | 20 N Wacker Drive, Chicago, IL 60606-2806 | IL | 1994-05 | $838,665 |
| 8 | Heritage In Flight Museum Inc | 1351 Airport Rd, Lincoln, IL 62656-5421 | IL | 1983-05 | $18,064 |
| 9 | Witte Museum | 3801 Broadway St, San Antonio, TX 78209-6309 | TX | 1932-11 | $20,214,005 |
| 10 | Studio Museum In Harlem Inc | 144 W 125th Street, New York, NY 10027-4423 | NY | 1967-11 | $11,364,824 |
| 11 | Lakeview Museum Of Arts & Sciences | 222 Sw Washington St, Peoria, IL 61602-2500 | IL | 1964-12 | $9,397,206 |
| 12 | Southwest Dairy Museum Inc | 1210 Houston St, Sulphur Spgs, TX 75482-2310 | TX | 1983-11 | $8,689,664 |
| 13 | Uss Constitution Museum Inc | PO BOX 291812, Charlestown, MA 02129-0215 | MA | 1973-01 | $8,440,275 |
| 14 | National Hellenic Museum | 333 S Halsted St, Chicago, IL 60661-5415 | IL | 1995-01 | $4,895,424 |
| 15 | Yankee Air Force Incorporated | PO BOX 590, Belleville, MI 48112-0590 | MI | 1982-02 | $4,557,797 |
| 16 | Vesterheim Norwegian American Museum | PO BOX 379, Decorah, IA 52101-0379 | IA | 1965-04 | $3,540,724 |
| 17 | Illinois Railway Museum | PO BOX 427, Union, IL 60180-0427 | IL | 1957-07 | $3,137,619 |
| 18 | Ukrainian National Museum | 2249 W Superior St, Chicago, IL 60612-1327 | IL | 1973-01 | $495,327 |
| 19 | Schaaf Truck And Tractor Museum | 22718 S Wirth Ln, Frankfort, IL 60423-8743 | IL | 1997-06 | $390,009 |
| 20 | Granite City Sports Hall Of Fame Association Inc | 2038 Edison Ave, Granite City, IL 62040-4513 | IL | 1990-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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