Conway Farms Golf Club Foundation in Lake Forest, 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
Conway Farms Golf Club Foundation | |
Employer Identification Number (EIN) | 030523195 |
Name of Organization | Conway Farms Golf Club Foundation |
In Care of Name | Conway Farms Golf Club Inc |
Address | 425 S Conway Farm Dr, Lake Forest, IL 60045-2530 |
Subsection | Charitable Organization |
Ruling Date | 06/2004 |
Deductibility | Contributions are deductible |
Foundation | Private operating foundation (other) |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $100,000 to $499,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $124,731 |
Amount of Income | $67,857 |
Form 990 Revenue Amount | $55,107 |
National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $67,857 (it was $69,876 in 2012)
Conway Farms Golf Club Foundation: | $67,857 |
Other organizations performing similar types of work: | $41,680 |
Assets in 2013: $124,731 (it was $108,680 in 2012)
This organization: | $124,731 |
Other organizations performing similar types of work: | $65,579 |
Expenses in 2012: $42,109
This organization: | $42,109 |
Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2012: 1.6
Conway Farms Golf Club Foundation: | 1.6 |
Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2012: 99.8%
Conway Farms Golf Club Foundation: | 99.8% |
Other organizations performing similar types of work: | 9.0% |
Revenue for 2012
Expenses for 2012
Assets for 2012
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 | $67,372 | $135 | $135 | |
Contributions, gifts, grants, etc., received | $67,237 | |||
Interest on savings and temporary cash investments | $16 | |||
Dividends and interest from securities | $0 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $119 | |||
Total expenses and disbursements | $42,109 | $0 | $0 | $40,697 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $1,437 | $0 | $25 | |
Contributions, gifts, grants paid | $40,672 | |||
Excess of revenue over expenses and disbursements | $25,263 | |||
Net investment income | $135 | |||
Adjusted net income | $135 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $108,680 | $108,680 |
Cash - non-interest-bearing | $106,047 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $2,633 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $108,680 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $119 |
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 | $3 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $3 |
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? | Yes |
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 | $83,799 |
Net value of noncharitable-use assets | $82,540 |
Minimum investment return | $4,127 |
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 | $135 | $54 | $422 | $249 | $860 |
Qualifying distributions made directly for active conduct of exempt activities | $40,697 | $50,843 | $46,865 | $49,533 | $187,938 |
Value of all assets | $108,680 | $83,417 | $79,168 | $79,143 | $350,408 |
Value of assets qualifying under section 4942(j)(3)(B)(i) | $108,680 | $83,417 | $79,168 | $79,143 | $350,408 |
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 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
4 | Cord Vanderpool Foundation | 10470 163rd Pl, Orland Park, IL 60467-5445 | IL | 2007-05 | $4,814,463 |
5 | Kankakee Community College Foundation | 100 College Dr, Kankakee, IL 60901-6505 | IL | 2009-09 | $4,148,181 |
6 | Foundation For The Realization Of Human Potential Nfp, Wright Foundation For Transformational Leadership | 445 E Ohio Street Ste 400, Chicago, IL 60611 | IL | 2008-07 | $1,458,948 |
7 | Craig And Donna Bernfield Family Foundation Tr, Craig Bernfield Ttee | 1755 Overland Trl, Deerfield, IL 60015-1811 | IL | 2010-11 | $1,414,007 |
8 | Leave No Veteran Behind | 19 S Lasalle Ste 500, Chicago, IL 60603 | IL | 2008-11 | $1,307,762 |
9 | Magnetar Capital Foundation | 1603 Orrington Ave Ste 1300, Evanston, IL 60201-5018 | IL | 2012-12 | $1,173,552 |
10 | Kehillah Jewish Education Fund | 8180 Mccormick Boulevard, Skokie, IL 60076 | IL | 2009-11 | $1,155,438 |
11 | Gce Foundation | 1535 N Dayton St, Chicago, IL 60642-8054 | IL | 2012-02 | $1,103,935 |
12 | True Value Foundation | 8600 Bryn Mawr Ave, Chicago, IL 60631-3579 | IL | 2008-08 | $1,013,383 |
13 | Guaranteed Rate Foundation Nfp | 1800 W Larchmont Ave Ste 2, Chicago, IL 60613-2448 | IL | 2014-02 | $690,139 |
14 | Wayne City High School Scholarship Foundation | PO BOX 457, Wayne City, IL 62895-0457 | IL | 2002-01 | $680,008 |
15 | Providence Englewood Charter School Foundation | 515 Essex Road, Kenilworth, IL 60043 | IL | 2012-01 | $646,921 |
16 | Omega Uplift Foundation N F P | 8550 So Manistee Ave, Chicago, IL 60617 | IL | 2006-06 | $550,000 |
17 | Future Founders Foundation | 600 W Chicago Ave Ste 700, Chicago, IL 60654-2521 | IL | 2012-04 | $533,097 |
18 | Looser Flake Charitable Foundationnfp | 3551-7th St, Moline, IL 61265-6156 | IL | 2009-08 | $484,739 |
19 | Evanston Scholars | Po Box 7044, Evanston, IL 60201-7044 | IL | 2011-07 | $371,422 |
20 | The Home For Bible Translators In Jerusalem Inc | 1450 Webster Ln, Des Plaines, IL 60018-1422 | IL | 2004-11 | $333,104 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 23,481 |
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