District 272 Educational Foundation in Amboy, Illinois (IL)
Table of contents:
| District 272 Educational Foundation | |
| Employer Identification Number (EIN) | 363382946 |
| Name of Organization | District 272 Educational Foundation |
| Address | PO BOX 46, Amboy, IL 61310-0046 |
| Activities | Community service organization |
| Subsection | Charitable Organization |
| Ruling Date | 11/1993 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $73,452 |
| Amount of Income | $45,638 |
| Form 990 Revenue Amount | $36,024 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community Service Clubs |
Non-representatives - add comments:
Amount of income in 2014: $45,638 (it was $20,791 in 2013)
| This organization: | $45,638 |
| Other organizations performing similar types of work: | $113,829 |
Assets in 2014: $73,452 (it was $66,651 in 2013)
| District 272 Educational Foundation: | $73,452 |
| Other organizations performing similar types of work: | $160,801 |
Expenses in 2014: $29,223
| This organization: | $29,223 |
| Other organizations performing similar types of work: | $81,633 |
Income to expenses ratio in 2014: 1.6
| This organization: | 1.6 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2014: 38.3%
| District 272 Educational Foundation: | 38.3% |
| Other organizations performing similar types of work: | 10.7% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $40,427 | $20,791 | $36,024 |
| Contributions, gifts, grants, and similar amounts received | $20,584 | $8,604 | $13,790 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $766 | $506 | $256 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $19,076 | $11,680 | $21,977 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $28,492 | $16,697 | $31,591 |
| Less: direct expenses from gaming and fundraising events | $9,415 | $5,016 | $9,614 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $38,850 | $25,899 | $29,223 |
| Total net assets | $71,759 | $66,651 | $73,452 |
| Excess/Deficit for the year | $1,576 | $-5,107 | $6,800 |
| Net assets or fund balances at beginning of year | $70,183 | $71,758 | $66,652 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $66,651 | $73,452 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $71,759 | $66,651 | $73,452 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $71,759 | $66,651 | $73,452 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 2014) | |
| 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 supported | 1 |
| Sum of amounts of support | $20,628 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sinai Community Institute Inc | California Ave 15th St, Chicago, IL 60608 | IL | 1994-10 | $6,835,821 |
| 2 | Stepping Stones Inc, C-O Peter Mclenighan | 1621 Theodore St, Joliet, IL 60435-1958 | IL | 1992-02 | $2,185,284 |
| 3 | St Mark Methodist Church Housing Foundation Inc | 840 E 76th Street, Chicago, IL 60619-2550 | IL | 1989-10 | $1,229,717 |
| 4 | Service Club Of Chicago | 233 E Erie St Ste 405, Chicago, IL 60611-5936 | IL | 1937-11 | $648,764 |
| 5 | Rotary/One Foundation Inc | 65 W Jackson Blvd, Chicago, IL 60604-3598 | IL | 1939-03 | $556,471 |
| 6 | St Paul School Educational Foundation | 1412 9th St, Highland, IL 62249-1621 | IL | 1981-10 | $115,475 |
| 7 | Service League Of Crystal Lake Inc | PO BOX 893, Crystal Lake, IL 60039-0893 | IL | 1979-07 | $105,176 |
| 8 | University Of Chicago Service League | 5844 S East End Avenue, Chicago, IL 60637 | IL | 1977-03 | $41,318 |
| 9 | Community Christmas Inc | PO BOX 445, Cary, IL 60013-0445 | IL | 1996-04 | $3,327 |
| 10 | Active Citizens Team-Neighborhood On Watch | 2543 W Ainslie St, Chicago, IL 60625-2617 | IL | 1995-05 | $30 |
| 11 | Tyagee | PO BOX 377933, Chicago, IL 60637-7933 | IL | 1998-06 | $1 |
| 12 | Amateur Radio Emergency Services Of Champaign County | 2711 Susan Stone Dr, Urbana, IL 61802 | IL | 1998-07 | $0 |
| 13 | Art Moves International Inc, C-O Malgorzata Garbalska | 2332 W Grand Ave, Chicago, IL 60612-1439 | IL | 1995-02 | $0 |
| 14 | Codi Vespa Foundation For Pediatric Aids | 2108 Lake Summerset Rd, Davis, IL 61019-9558 | IL | 1996-08 | $0 |
| 15 | D & D Save The Children Community Organization | 3625 S Cottage Grove Ave, Chicago, IL 60653-1410 | IL | 1994-05 | $0 |
| 16 | Global Hand Inc | 6146 S Vernon, Chicago, IL 60637 | IL | 1997-10 | $0 |
| 17 | Hispanic Council | 1160 Singleton Dr, Roselle, IL 60172 | IL | 1996-04 | $0 |
| 18 | Independent Living Opportunites Inc | 1502 Wedgefield Circle, Naperville, IL 60563 | IL | 1995-02 | $0 |
| 19 | International Association Of Lions Clubs, 65541 1 H District | 131 W 14th St, Coal Valley, IL 61240-8812 | IL | 1969-12 | $0 |
| 20 | Iroquois County Law Enforcement Association | Po Box 233 404 N 4th, Ashkum, IL 60911 | IL | 1995-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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