Greater North Michigan Ave Association Foundation, The Magnificent Mile Charitable Fdn in Chicago, Illinois (IL)
Table of contents:
| Greater North Michigan Ave Association Foundation, The Magnificent Mile Charitable Fdn | |
| Employer Identification Number (EIN) | 363791016 |
| Name of Organization | Greater North Michigan Ave Association Foundation |
| Secondary Name | The Magnificent Mile Charitable Fdn |
| Address | 625 N Michigan Ave Ste 401, Chicago, IL 60611-3186 |
| Activities | Gifts, grants, or loans to other organizations, Community Chest, United Way, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 03/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $80,705 |
| Amount of Income | $65,654 |
| Form 990 Revenue Amount | $31,077 |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $47,751 | $38,800 | $31,077 |
| Contributions, gifts, grants, and similar amounts received | $36,257 | $16,129 | $23,736 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $2,008 | $2,329 | $3,083 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $3,104 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $14,000 |
| Less: cost or other basis and sales expenses | $0 | $0 | $10,896 |
| Net income/loss from gaming and fundraising events | $9,486 | $20,342 | $1,154 |
| Gross income from gaming | $36,170 | $32,322 | $22,010 |
| Gross income from fundraising events | $6,375 | $5,440 | $2,825 |
| Less: direct expenses from gaming and fundraising events | $33,059 | $17,420 | $23,681 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $50,798 | $41,024 | $40,426 |
| Total net assets | $63,519 | $67,402 | $64,296 |
| Excess/Deficit for the year | $-3,047 | $-2,224 | $-9,349 |
| Net assets or fund balances at beginning of year | $68,913 | $63,519 | $67,402 |
| Other changes in net assets or fund balances | $-2,347 | $6,107 | $6,243 |
| Net assets or fund balances at end of year | $67,402 | $64,296 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $66,587 | $75,027 | $80,705 |
| Total liabilities | $3,068 | $7,625 | $16,409 |
| Net assets or fund balances | $63,519 | $67,402 | $64,296 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 2013) | |
| 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 | 9 |
| Sum of amounts of support | $35,000 |
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| Other organizations in Illinois | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Greater Geneseo Senior Citizens Inc | 541 E North Street, Geneseo, IL 61254-1462 | IL | 2014-12 | $32,225 |
| 2 | Greater Gillespie Temple Church Inc, Hannah House Child Development Ctr | PO BOX 545, Carbondale, IL 62903-0545 | IL | 1998-10 | $0 |
| 3 | Greater Goethe Neighborhood Association | PO BOX 478183, Chicago, IL 60647-8183 | IL | 2004-12 | $441 |
| 4 | Greater Kankakee Development Foundation Inc | 150 N Schuyler Ave, Kankakee, IL 60901-3839 | IL | 1994-01 | $138 |
| 5 | Greater Libertyville Soccer Association Inc | 30080 Technology Way, Libertyville, IL 60048-5406 | IL | 1997-01 | $2,140,499 |
| 6 | Greater Lincolnshire Chamber Of Commerce | 1 Marriott Dr, Lincolnshire, IL 60069-3701 | IL | 1985-09 | $86,249 |
| 7 | Greater Marion Area Chamber Of Commerce | 2305 W Main St, Marion, IL 62959-1180 | IL | 1954-09 | $180,860 |
| 8 | Greater Marion Area United Way Inc | PO BOX 1901, Marion, IL 62959-8101 | IL | 1960-06 | $233,387 |
| 9 | Greater Montgomery Chamber Of Commerce Inc | 200 N River St, Montgomery, IL 60538-1317 | IL | 2005-07 | $11,925 |
| 10 | Greater New Hope Development Corportion | 3616 N Sheridan Rd, Peoria, IL 61604-1435 | IL | 2005-06 | $0 |
| 11 | Greater North Michigan Ave Association Foundation, The Magnificent Mile Charitable Fdn | 625 N Michigan Ave Ste 401, Chicago, IL 60611-3186 | IL | 1992-03 | $65,654 |
| 12 | Greater North Michigan Avenue Assn | 625 N Michigan Ave Ste 401, Chicago, IL 60611-3186 | IL | 1951-06 | $3,073,576 |
| 13 | Greater North Pulaski Local Development Corporation | 6600 W Armitage Ave 2nd Flr, Chicago, IL 60707-3908 | IL | 1985-05 | $38,198 |
| 14 | Greater Northwest Chicago Development Corporation | 6600 W Armitage Ave, Chicago, IL 60707-3908 | IL | 1983-05 | $97,333 |
| 15 | Greater Oak Brook Chamber Of Commerce | 619 Enterprise Dr Ste 100, Oak Brook, IL 60523-8835 | IL | 1976-05 | $558,398 |
| 16 | Greater Ohare Association Of Industry & Commerce | 650 E Devon Ave Ste 155, Itasca, IL 60143-1282 | IL | 1972-04 | $596,450 |
| 17 | Greater Organization For Less Fortunate | 815 Foster Ave, Lake Bluff, IL 60044-1521 | IL | 1983-09 | $91,472 |
| 18 | Greater Palatine Chamber Of Commerce & Industry Inc | 579 N 1st Bank Dr Ste 205, Palatine, IL 60067-8139 | IL | 1988-11 | $211,265 |
| 19 | Greater Peoria Area Crimestoppers | Po Box 5232, Peoria, IL 61601 | IL | 1982-07 | $71,639 |
| 20 | Greater Peoria Chess Foundation Ltd | PO BOX 10252, Peoria, IL 61612-0252 | IL | 1997-06 | $6,497 |
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