Elite Training Center Nfp in Vernon Hills, 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
| Elite Training Center Nfp | |
| Employer Identification Number (EIN) | 208212454 |
| Name of Organization | Elite Training Center Nfp |
| In Care of Name | Irwin Cohen |
| Address | 400 Corporate Woods Pkwy # 200, Vernon Hills, IL 60061-4117 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 09/2010 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $220 |
| Amount of Income | $9,700 |
| Form 990 Revenue Amount | $9,700 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Amateur Sports Competitions |
Non-representatives - add comments:
Amount of income in 2010: $9,700 (it was $33,662 in 2009)
| Elite Training Center Nfp: | $9,700 |
| Other organizations performing similar types of work: | $68,822 |
Assets in 2010: $220 (it was $62 in 2009)
| Elite Training Center Nfp: | $220 |
| Other organizations performing similar types of work: | $29,808 |
Expenses in 2010: $9,480
| This organization: | $9,480 |
| Other organizations performing similar types of work: | $62,550 |
Income to expenses ratio in 2010: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2010: 100.0%
| Elite Training Center Nfp: | 100.0% |
| Other organizations performing similar types of work: | 38.2% |
| Analysis of Revenue and Expenses (for 2010) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $9,700 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $9,700 | |||
| 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 | |||
| Total expenses and disbursements | $9,480 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $9,480 | $0 | $9,480 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $220 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2010) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $220 | $0 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $220 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $220 | |
| Capital Gains and Losses for Tax on Investment Income (for 2010) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2010) | |
| 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 |
| Amount to be credited to 2011 estimated tax | $0 |
| Statements Regarding Activities (for 2010) | |
| 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 2010 or the taxable year beginning in 2010? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2010) | |
| 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? | Yes |
| 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 2010, did the foundation have any undistributed income for tax year(s) beginning before 2010? | 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 2010) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $4,072 |
| Net value of noncharitable-use assets | $4,000 |
| Minimum investment return | $200 |
| Distributable Amount (for 2010) | |
| Distributable amount | $200 |
| Undistributed Income (for 2010) | |
| Distributable amount for 2010 | $200 |
| Undistributed income for 2010. This amount must be distributed in 2011 | $0 |
| Private Operating Foundations (for 2010) | |||||
| 2010 | 2009 | 2008 | 2007 | 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 | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| 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 | United States Bowling Congress Inc, 82000 Chicagoland Usbc | 4415 Harrison St Ste 200, Hillside, IL 60162-1909 | IL | 2004-09 | $586,095 |
| 2 | United States Bowling Congress Inc, 85819 Illinois State Usbc Youth | 404 Ridge Rd, Mahomet, IL 61853-9307 | IL | 2004-09 | $330,614 |
| 3 | United States Bowling Congress Inc, 84296 Illinois State Usbc Wba | 402 W Hamilton Rd, Bloomington, IL 61704-8610 | IL | 2004-09 | $302,890 |
| 4 | United States Bowling Congress Inc, 81914 Illinois State Usbc Ba | PO BOX 724, Dekalb, IL 60115-0724 | IL | 2004-09 | $300,182 |
| 5 | United States Bowling Congress Inc, 81988 Suburban Windy City Usbc | 545 Illini Dr, Carol Stream, IL 60188-1555 | IL | 2004-09 | $235,468 |
| 6 | Cycling Development Foundation | PO BOX 724, Lake Zurich, IL 60047-0724 | IL | 2014-04 | $178,313 |
| 7 | Maine High School Hockey Association | 8435 W Ballard Rd, Niles, IL 60714-1400 | IL | 2009-12 | $150,065 |
| 8 | Xxx Racing | 6415 N Ravenswood 8, Chicago, IL 60626-3921 | IL | 2005-08 | $133,799 |
| 9 | United States Bowling Congress Inc, 81929 Rockford Usbc Ba | 2224 Pierce Ave, Rockford, IL 61103-2820 | IL | 2004-09 | $129,820 |
| 10 | Tohkon Judo Academy Inc, Leslie Rodriguez - Treas | 4427 N Clark St, Chicago, IL 60640-5403 | IL | 2010-01 | $127,555 |
| 11 | Cls Hockey Club Inc | 1157 Saint Andrews Ct, Algonquin, IL 60102-4129 | IL | 2011-05 | $119,866 |
| 12 | Decatur Running Club Incorporated | PO BOX 3397, Decatur, IL 62524-3397 | IL | 2014-04 | $87,000 |
| 13 | United States Bowling Congress Inc, Lake County Bowling Association | 1227 Anthony Ct, Antioch, IL 60002 | IL | 2004-09 | $85,595 |
| 14 | United States Bowling Congress Inc, 81958 Mchenry County Usbc | PO BOX 670, Woodstock, IL 60098-0670 | IL | 2004-09 | $80,262 |
| 15 | United States Pony Clubs Inc, Boskydell Pony Club | 2966 S Illinois Ave, Carbondale, IL 62903-8354 | IL | 2002-09 | $78,447 |
| 16 | United States Bowling Congress Inc, 84406 Tri-County Illinois Usbc | 1419 Cross St, Shiloh, IL 62269-2989 | IL | 2004-09 | $61,851 |
| 17 | United States Bowling Congress Inc, 82004 Gr Carlyle Usbc Ba | 1 Stone Dr, Highland, IL 62249-2846 | IL | 2004-09 | $61,620 |
| 18 | Round Lake Spartan Football & Cheerleading Organization | PO BOX 957, Round Lk Bch, IL 60073-0606 | IL | 2004-05 | $61,477 |
| 19 | Series 2011 Chicago Inc Nfp | 1733 W Lawrence Ave 1e, Chicago, IL 60640-4411 | IL | 2010-08 | $52,112 |
| 20 | Jacob Curby Foundation | 1719 60th St, Lagrange Hlds, IL 60525-3704 | IL | 2011-04 | $42,751 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 6,596 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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