P&f Mc Courtney Foundation in Chicago, Illinois (IL)

P&f Mc Courtney Foundation
Employer Identification Number (EIN)	436023586
Name of Organization	P&f Mc Courtney Foundation
In Care of Name	Boatmens Trust Co Tax Dept
Address	135 S Lasalle St, Chicago, IL 60603-4177
Activities	Non-exempt charitable trust described in section 4947(a)(1) of the Code
Subsection	4947(a)(1) - Private Foundation (Form 990PF Filer)
Ruling Date	12/1900
Foundation	All organizations except 501(c)(3)
Exempt Organization Status	Trust described in section 4947(a)(2) of the IR Code
Tax Period	09/2014
Assets	$5,000,000 to $9,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$7,014,003
Amount of Income	$2,356,840
Form 990 Revenue Amount	$977,442

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$342,283	$337,525	$0
Contributions, gifts, grants, etc., received	$421
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$135,012
Gross rents	$0
Gross sales price for all assets	$2,634,296
Gross profit from sales of goods	$0
Other income	$4,508
Other	$202,342
Total expenses and disbursements	$330,134	$18,969	$0	$313,401
Compensation of officers, directors, trustees, etc.	$25,851
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$45
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$27,134	$18,969		$10,401
Contributions, gifts, grants paid	$303,000
Excess of revenue over expenses and disbursements	$12,149
Net investment income		$318,556
Adjusted net income			$0

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$6,875,553	$6,283,313	$6,925,503	$7,214,214	$6,938,790	$7,619,422
Cash - non-interest-bearing	$0		$0		$0
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$6,777,935		$6,528,353		$6,179,190
Investments-corporate bonds	$0		$0		$0
Investments-mortgage loans	$0		$0		$0
Investments-other	$0		$0		$665,243
Other assets			$0		$0
Total liabilities	$0		$0		$0
Total liabilities and net assets/fund balances	$6,875,553		$6,925,503		$6,938,790

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$796,202	$206,958	$202,342
Net capital loss	$0	$0	$0

	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$19,373	$7,409	$6,371
Total credits and payments	$24,217	$19,373	$7,412
Current year estimated tax payments and previous year's overpayment credited to current year	$4,439	$19,373	$7,412
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$19,778	$0	$0
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$0
Tax due		$0	$0
Overpayment		$11,964	$1,041
Amount to be credited to next year's estimated tax	$4,844	$7,412	$1,041

	2011	2012	2013
Statements Regarding Activities
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	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		Yes	Yes

	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	Yes	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	Yes	Yes	Yes
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	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	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	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	Yes	No	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	No	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	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$7,336,963	$7,073,766	$7,472,203
Net value of noncharitable-use assets		$6,967,660	$7,360,120
Minimum investment return	$361,345	$348,383	$368,006

	2011	2012	2013
Distributable Amount
Distributable amount	$351,972	$341,974	$363,135

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$351,972	$341,974	$363,135
Undistributed income for this year. This amount must be distributed in the next year	$0	$28,843	$78,577

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
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

Supplementary Information (for 2013)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$0	$0
Dividends and interest from securities	$135,012	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review

Would you recommend P&f Mc Courtney Foundation to others? (optional)

Yes

Add photo of P&f Mc Courtney Foundation (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (18.219.18.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
Positive Pathways Of Chicago in Chicago, IL
Chicago Assembly Foundation in Chicago, IL
Wavering Fam Charitable Foundation in Chicago, IL
Chicago Couture Fashion Week Inc in Chicago, IL
Lawndale Business Renaissance Association in Chicago, IL
Frances E Streit Foundation, Peggy A Wagener Ttee in Chicago, IL
Berea International Nfp in Chicago, IL
Debre Genet Kidist Mariam Ethiopian Orthodox Tewahido Church Of Chicag in Chicago, IL
Golden Apple Foundation For Excellence In Teaching in Chicago, IL
Sirmir in Chicago, IL

Recently Added Reviews

Positive Pathways Of Chicago in Chicago, IL

Chicago Assembly Foundation in Chicago, IL

Wavering Fam Charitable Foundation in Chicago, IL

Chicago Couture Fashion Week Inc in Chicago, IL

Lawndale Business Renaissance Association in Chicago, IL

Frances E Streit Foundation, Peggy A Wagener Ttee in Chicago, IL

Berea International Nfp in Chicago, IL

Debre Genet Kidist Mariam Ethiopian Orthodox Tewahido Church Of Chicag in Chicago, IL

Golden Apple Foundation For Excellence In Teaching in Chicago, IL

Sirmir in Chicago, IL

Id	Name	Address	State	Established	Total Income
Other organizations in Illinois
1	Flat-Coated Retriever Argus Foundation	C/O C Kistner 27941 W Flynn Cr Dr, Barrington, IL 60010	IL	1999-02	$31,604
2	Flatirons Cottonwood Inc	200 E Randolph Dr, Chicago, IL 60601-6436	IL	1995-02	$18,346,532
3	Flemish American Club Inc	313 N Burr Blvd, Kewanee, IL 61443-2217	IL	1946-04	$80,836
4	Flexible Steel Lacing Co Voluntary Emp Beneficiary Assn & Trust	2525 Wisconsin Ave, Downers Grove, IL 60515-4241	IL	1980-08	$5,230,936
5	Flight For Diabetes Inc	7109 Loras Ln, Wonder Lake, IL 60097-9720	IL	2002-03	$183,409
6	Flint Creek Wildlife Rehabilitation	117 S Cook Street Box 145, Barrington, IL 60010-4311	IL	2004-02	$84,210
7	Flood Editions Nfp	1758 W Winnemac Ave, Chicago, IL 60640-2743	IL	2003-09	$34,258
8	Flora Chamber Of Commerce	223 West Railroad Street, Flora, IL 62839-2145	IL	1940-04	$28,786
9	Flora Elks Club Inc	120 N Main St, Flora, IL 62839-1610	IL	1945-01	$252,023
10	Flora Lodge No 1384 Loyal Order Of Moose, 1384	324 W North Ave, Flora, IL 62839-1241	IL	1972-09	$74,733
11	P&f Mc Courtney Foundation	135 S Lasalle St, Chicago, IL 60603-4177	IL	1900-12	$2,356,840
12	Flora School District Academic Foundation Inc	444 S Locust St, Flora, IL 62839-2119	IL	1986-12	$97,299
13	Florence And Laurence Spungenfamily Foundation, Florence Spungen Ttee	C/O David Hafft - 300 Village Green, Lincolnshire, IL 60069	IL	2007-09	$1,745,562
14	Florence B & Cornelia A Palmer Foundation	17 Douglas Ave, Elgin, IL 60120-5502	IL	1998-01	$418,357
15	Florence C & Leo J Levy Foundation	PO BOX 803878, Chicago, IL 60680-3878	IL	1962-09	$145,839
16	Florence C Gregory Charitable Trust Pnf	111 W Monroe St Tax Div 16w, Chicago, IL 60603	IL	2002-02	$6,109,091
17	Florence Dibell Bartlette 01 21940	PO BOX 803878, Chicago, IL 60680-3878	IL	1975-08	$13,293,334
18	Florence F Leifheit Foundation	1921 W Altorfer Dr, Peoria, IL 61615-1801	IL	1998-01	$44,369
19	Florence H & Eugene E Myers Charitable Tr	PO BOX 803878, Chicago, IL 60680-3878	IL	2001-12	$1,208,067
20	Florence H Boone Foundation, Boone Florence H Ttee	521 Longwood Ave, Glencoe, IL 60022-1736	IL	1998-09	$126,133

NonProfitFacts.com is not associated with, endorsed by, or sponsored by P&f Mc Courtney Foundation and has no official or unofficial affiliation with P&f Mc Courtney Foundation