Heritage Foundation Inc in Rockford, 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
- Other organizations in Illinois
| Heritage Foundation Inc | |
| Employer Identification Number (EIN) | 066090012 |
| Name of Organization | Heritage Foundation Inc |
| In Care of Name | Mbk & G P C |
| Address | 6815 Weaver Rd Ste 100, Rockford, IL 61114-8060 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1967 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,235,023 |
| Amount of Income | $602,052 |
| Form 990 Revenue Amount | $71,414 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $162,407 | $162,407 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $7,111 | |||
| Gross rents | $96,000 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $59,296 | |||
| Total expenses and disbursements | $97,040 | $63,517 | $0 | $33,523 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $71,956 | $63,517 | $8,439 | |
| Contributions, gifts, grants paid | $25,084 | |||
| Excess of revenue over expenses and disbursements | $65,367 | |||
| Net investment income | $98,890 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,322,600 | $1,322,600 |
| Cash - non-interest-bearing | $179 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $544,257 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $429,019 | |
| Other | $349,145 | |
| Total liabilities | $669,712 | |
| Mortgages and other notes payable | $0 | |
| Other | $669,712 | |
| Total liabilities and net assets/fund balances | $652,888 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $59,296 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $1,978 |
| Total credits and payments | $605 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $605 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $1,373 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| 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 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| 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? | Yes |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| 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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $922,189 |
| Net value of noncharitable-use assets | $908,360 |
| Minimum investment return | $45,418 |
| Distributable Amount (for 2012) | |
| Distributable amount | $43,440 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $43,440 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $35,001 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | 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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| Other organizations in Illinois | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Heritage Behavioral Health Center Inc | PO BOX 710, Decatur, IL 62525-0710 | IL | 1972-05 | $9,482,146 |
| 2 | Heritage Center Foundation | 607 E Maple Ridge, Edelstein, IL 61526 | IL | 2007-08 | $0 |
| 3 | Heritage Community Development Corporation | 1551 W 95th St, Chicago, IL 60643-1329 | IL | 2012-02 | $28,911 |
| 4 | Heritage Corridor Credit Union | 1910 Ferro Dr, New Lenox, IL 60451-3506 | IL | 1942-09 | $734,911 |
| 5 | Heritage Corridor Visitors Bureau | 15701 S Independence Blvd, Romeoville, IL 60446-3555 | IL | 1986-09 | $1,831,505 |
| 6 | Heritage Educational Foundation | 2826 W Lunt, Chicago, IL 60645 | IL | 2007-04 | $0 |
| 7 | Heritage Ensemble | Po Box 9467, Peoria, IL 61612 | IL | 2001-01 | $0 |
| 8 | Heritage Family Ministries Inc | Po Box 96, Roberts, IL 60962 | IL | 2007-09 | $109,577 |
| 9 | Heritage Fields Iii Inc | PO BOX 710, Decatur, IL 62525-0710 | IL | 2003-01 | $105,206 |
| 10 | Heritage Fields Inc | PO BOX 710, Decatur, IL 62525-0710 | IL | 2002-07 | $121,767 |
| 11 | Heritage Foundation Inc | 6815 Weaver Rd Ste 100, Rockford, IL 61114-8060 | IL | 1967-10 | $602,052 |
| 12 | Heritage Foundation Of First Security Federal Sav Bank Inc | 2329 W Chicago Ave, Chicago, IL 60622-4723 | IL | 1997-08 | $644,119 |
| 13 | Heritage Grove Inc | PO BOX 710, Decatur, IL 62525-0710 | IL | 2000-04 | $136,984 |
| 14 | Heritage Grove Middle School Pto | 12450 S Van Dyke Road, Plainfield, IL 60585 | IL | 2005-02 | $21,679 |
| 15 | Heritage House And Museum Of Okawville | PO BOX 305, Okawville, IL 62271-0305 | IL | 1983-06 | $38,332 |
| 16 | Herman & Katherine Peters Foundation Corp | 351 W Glade Rd, Palatine, IL 60067-6831 | IL | 1997-11 | $5,090,466 |
| 17 | Herman And Debbie Lazar Charitable Foundation | 6600 N California Ste 3n, Chicago, IL 60645 | IL | 1991-09 | $210,604 |
| 18 | Herman B Lustigman Charitable Foundation | 3924 W Devon Ave Ste 202, Lincolnwood, IL 60712-1040 | IL | 2001-10 | $3,089,271 |
| 19 | Herman M & Bea L Silverstein Foundation Inc | 330 N Wabash Ave Ste 3000, Chicago, IL 60611-3699 | IL | 1996-02 | $12 |
| 20 | Herman Rieger Foundation | PO BOX 235, Forrest, IL 61741-0235 | IL | 1987-07 | $147 |
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