Builders Association Of Greater Chicago Scholarship Foundation Inc in Chicago, Illinois (IL)

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Builders Association Of Greater Chicago Scholarship Foundation Inc
Employer Identification Number (EIN)270021793
Name of OrganizationBuilders Association Of Greater Chicago Scholarship Foundation Inc
In Care of NameAlbert L Leitschuh
Address8430 W Bryn Mawr Ave, Chicago, IL 60631-3473
SubsectionCharitable Organization, Educational Organization
Ruling Date03/2003
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$177,964
Amount of Income$79,192
Form 990 Revenue Amount$50,982
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2013: $79,192 (it was $55,654 in 2012)
This organization: 

 $79,192
Other organizations performing similar types of work: 

 $90,441

Assets in 2013: $177,964 (it was $210,538 in 2012)
Builders Association Of Greater Chicago Scholarship Foundation Inc: 

 $177,964
Other organizations performing similar types of work: 

 $177,964

Expenses in 2013: $83,579
Builders Association Of Greater Chicago Scholarship Foundation Inc: 

 $83,579
Other organizations performing similar types of work: 

 $54,420

Income to expenses ratio in 2013: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2013: 37.6%
Builders Association Of Greater Chicago Scholarship Foundation Inc: 

 37.6%
Other organizations performing similar types of work: 

 37.6%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$31,638$29,388$50,982
Contributions, gifts, grants, and similar amounts received$24,045$21,445$19,170
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$3,645$3,654$24,292
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$3,948$4,289$7,520
Gross income from gaming$0$0$0
Gross income from fundraising events$34,644$30,555$35,730
Less: direct expenses from gaming and fundraising events$30,696$26,266$28,210
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$19,067$31,923$83,579
Total net assets$206,249$210,538$177,941
Excess/Deficit for the year$12,571$-2,535$-32,597
Net assets or fund balances at beginning of year$188,223$206,249$210,538
Other changes in net assets or fund balances$5,455$6,824$0
Net assets or fund balances at end of year$210,538$177,941
Balance Sheets
201120122013
Total assets$217,499$210,538$177,964
Total liabilities$11,250$0$23
Net assets or fund balances$206,249$210,538$177,941
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported1
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Rodney A Mccarty Memorial Fund4315 Skywalker Dr, Somis, CA 93066-9640CA2003-06$134,402
2Illinois Association Of Student Financial Aid Administrators Inc1600 E Golf Rd, Des Plaines, IL 60016-1234IL2003-10$117,580
3Supportability3773 University Dr Apt 116, Irvine, CA 92612-4668CA2002-01$90,441
4Builders Association Of Greater Chicago Scholarship Foundation Inc8430 W Bryn Mawr Ave, Chicago, IL 60631-3473IL2003-03$79,192
5Yonsei Sarang Foundation12350 Reva St, Cerritos, CA 90703-8309CA2010-08$26,400
6Advancing Children In Education Inc, Ace1114 Court St, Faulkton, SD 57438SD2009-08$11,283
7Changing Inequality22905 41st Ave Se, Bothell, WA 98021WA2010-01$0
8Ena Needys Foundation2501 Nw 1st Street, Boynton Beach, FL 33435FL2003-01$0
9The Joseph And Julia@miglin 2008 Charitable Trust, Julia M Miglin Ttee9 Washington Pl, Sharon, MA 02067MA2009-07$0
Number of organizations performing similar types of work
California3
Florida1
Illinois2
Massachusetts1
South Dakota1
Washington1
Total9

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