Franklin Park Kiwanis Foundation in Franklin Park, Illinois (IL)

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Franklin Park Kiwanis Foundation
Employer Identification Number (EIN)362848871
Name of OrganizationFranklin Park Kiwanis Foundation
In Care of NameJERRY GOLDENSTEIN
AddressPO BOX 24, Franklin Park, IL 60131
ActivitiesSupplying money, goods or services to the poor
SubsectionCharitable Organization
Ruling Date09/1977
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2007
Assets$10,000 to $24,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$17,005
Amount of Income$6,083
Form 990 Revenue Amount$1,206


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Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$1,206
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$-615
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$1,821
Gross income from gaming$0
Gross income from fundraising events$6,698
Less: direct expenses from gaming and fundraising events$4,877
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$7,072
Total net assets$17,005
Deficit for the year$-5,866
Net assets or fund balances at beginning of year$22,871
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$17,005
Total liabilities$0
Net assets or fund balances$17,005
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$47,487
Gifts, grants, contributions, and membership fees received$46,380
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$1,107
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