American Legacy Collection Foundation 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
- Organizations performing similar types of work
American Legacy Collection Foundation | |
Employer Identification Number (EIN) | 050625386 |
Name of Organization | American Legacy Collection Foundation |
In Care of Name | Kay Smith |
Address | 2239 N Burling St, Chicago, IL 60614-3711 |
Subsection | Charitable Organization |
Ruling Date | 12/2006 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $1 to $9,999 |
Income | $1 to $9,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $5,866 |
Amount of Income | $5,000 |
Form 990 Revenue Amount | $1 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Museum, Museum Activities |
Non-representatives - add comments:
Amount of income in 2013: $5,000 (it was $1 in 2012)
This organization: | $5,000 |
Other organizations performing similar types of work: | $69,335 |
Assets in 2013: $5,866 (it was $3,080 in 2012)
American Legacy Collection Foundation: | $5,866 |
Other organizations performing similar types of work: | $145,105 |
Expenses in 2012: $819
This organization: | $819 |
Other organizations performing similar types of work: | $47,186 |
Income to expenses ratio in 2012: 6.1
This organization: | 6.1 |
Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
This organization: | 0.0% |
Other organizations performing similar types of work: | 26.3% |
Analysis of Revenue and Expenses (for 2012) | ||||
Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
---|---|---|---|---|
Total revenue | $1 | $0 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $0 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $1 | |||
Total expenses and disbursements | $819 | $0 | $0 | $819 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $819 | $0 | $819 | |
Contributions, gifts, grants paid | $0 | |||
Excess of revenue over expenses and disbursements | $-819 | |||
Net investment income | $0 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $3,080 | $1,003,080 |
Cash - non-interest-bearing | $3,080 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Total liabilities | $1 | |
Mortgages and other notes payable | $0 | |
Other | $1 | |
Total liabilities and net assets/fund balances | $3,080 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $0 |
Net capital loss | $0 |
Excise Tax Based on Investment Income (for 2012) | |
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
Tax based on investment income | $0 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $0 |
Overpayment | $0 |
Amount to be credited to 2013 estimated tax | $0 |
Statements Regarding Activities (for 2012) | |
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 2012 or the taxable year beginning in 2012? | Yes |
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
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? | No |
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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | 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 2012) | |
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $1,003,440 |
Net value of noncharitable-use assets | $988,380 |
Minimum investment return | $49,419 |
Distributable Amount (for 2012) | |
Distributable amount | $0 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $0 |
Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
Private Operating Foundations (for 2012) | |||||
2012 | 2011 | 2010 | 2009 | 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 | $819 | $735 | $1,292 | $1,945 | $4,791 |
Value of all assets | $1,003,080 | $1,003,899 | $1,004,634 | $1,002,426 | $4,014,039 |
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 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Trust For African Rock Arts | 77 W Wacker Dr, Chicago, IL 60601-1604 | IL | 2001-09 | $595,502 |
2 | Peoria Riverfront Museum | 222 Sw Washington St, Peoria, IL 61602-2500 | IL | 2011-02 | $2,684,919 |
3 | Bielenberg Historic Pullman Housefoundation | 1313 175th St, Homewood, IL 60430-4606 | IL | 2008-06 | $400,040 |
4 | Dekalb Area Agricultural Heritage Association Inc | 111 S 2d St, De Kalb, IL 60115 | IL | 2010-11 | $168,378 |
5 | Wright House Property Nfp | 2990 N Perryville Rd Unit 1400, Rockford, IL 61107-6827 | IL | 2003-11 | $134,497 |
6 | Legacy Project, Legacy Walk | 3018 N Clybourn Ave, Chicago, IL 60618 | IL | 2011-06 | $112,414 |
7 | Litchfield Museum & Route 66 Welcome Center | PO BOX 43, Litchfield, IL 62056-0043 | IL | 2012-03 | $111,974 |
8 | Western Illinois Museum | 201 S Lafyt St, Macomb, IL 61455-2231 | IL | 2001-10 | $111,954 |
9 | Chicago Collections Consortium Inc Nfp | 2350 N Kenmore Ave 116d, Chicago, IL 60614-3210 | IL | 2014-01 | $91,631 |
10 | Legends & Legacies Foundation | 401 N May Street, Chicago, IL 60642 | IL | 2013-07 | $46,156 |
11 | Illinois High School Basketball Hall Of Fame & Museum | PO BOX 1, Pinckneyville, IL 62274-0001 | IL | 2008-09 | $42,564 |
12 | Mercer County Historical Society | Po Box 269, Aledo, IL 61231 | IL | 2014-05 | $38,630 |
13 | Lake Bluff History Museum | PO BOX 250, Lake Bluff, IL 60044-0250 | IL | 1996-08 | $38,548 |
14 | American Toby Jug Museum | 910 Chicago Avenue No 105, Evanston, IL 60202 | IL | 2009-04 | $32,390 |
15 | Scott Field Heritage Park | 216 E A St, Belleville, IL 62220-1403 | IL | 1999-10 | $30,125 |
16 | Chicago Literary Hall Of Fame | 8519 Karlov Ave, Skokie, IL 60076-2104 | IL | 2014-01 | $18,452 |
17 | National Museum Of Health And Medicine Chicago | 175 W Washington Street, Chicago, IL 60602-2313 | IL | 2010-12 | $14,507 |
18 | Paulsons Agriculture Museum Of Argyle | Po Box 1030, Roscoe, IL 61073 | IL | 2008-03 | $11,113 |
19 | American Legacy Collection Foundation | 2239 N Burling St, Chicago, IL 60614-3711 | IL | 2006-12 | $5,000 |
20 | Spinelli Equipment Museum Nfp | C/O Andrew J Spinelli 748 Hickman, Woodstock, IL 60098 | IL | 2008-08 | $380 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 2,844 |
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