Hispano Fest in Melrose Park, Illinois (IL)
Table of contents:
| Hispano Fest | |
| Employer Identification Number (EIN) | 363828284 |
| Name of Organization | Hispano Fest |
| Address | PO BOX 1902, Melrose Park, IL 60161-1902 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 11/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $56,310 |
| Amount of Income | $133,453 |
| Form 990 Revenue Amount | $32,993 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Cultural, Ethnic Awareness |
Non-representatives - add comments:
Amount of income in 2013: $133,453 (it was $98,741 in 2012)
| This organization: | $133,453 |
| Other organizations performing similar types of work: | $120,360 |
Assets in 2013: $56,310 (it was $41,501 in 2012)
| Hispano Fest: | $56,310 |
| Other organizations performing similar types of work: | $169,282 |
Expenses in 2013: $13,875
| Hispano Fest: | $13,875 |
| Other organizations performing similar types of work: | $104,111 |
Income to expenses ratio in 2013: 9.6
| This organization: | 9.6 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 135.0%
| Hispano Fest: | 135.0% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $33,973 | $12,617 | $32,993 |
| Contributions, gifts, grants, and similar amounts received | $30,000 | $27,500 | $44,549 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $3,973 | $-14,883 | $-11,556 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $86,647 | $71,241 | $88,904 |
| Less: direct expenses from gaming and fundraising events | $82,674 | $86,124 | $100,460 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $24,502 | $11,625 | $13,875 |
| Total net assets | $48,461 | $41,501 | $56,310 |
| Excess/Deficit for the year | $9,471 | $992 | $19,118 |
| Net assets or fund balances at beginning of year | $49,434 | $49,434 | $41,501 |
| Other changes in net assets or fund balances | $-10,444 | $-8,925 | $-4,309 |
| Net assets or fund balances at end of year | $41,501 | $56,310 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $48,461 | $41,501 | $56,310 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $48,461 | $41,501 | $56,310 |
| 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 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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $160,208 |
| Subtotal | $160,208 |
| Gifts, grants, contributions, and membership fees received | $160,208 |
| 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 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $160,208 |
| Public support | $160,208 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | United German American Societies Of Greater Chicago Inc | 10449 S Hamilton Ave, Chicago, IL 60643-2511 | IL | 2000-08 | $486,427 |
| 2 | Society For The Arts Ltd | 1112 N Milwaukee Ave, Chicago, IL 60642-4017 | IL | 1997-02 | $423,571 |
| 3 | Slovenian Cultural Center | PO BOX 634, Lemont, IL 60439-0634 | IL | 1992-08 | $186,048 |
| 4 | Turkish-American Cultural Alliance | 3845 N Harlem Ave, Chicago, IL 60634-2217 | IL | 1975-10 | $141,696 |
| 5 | Sakura-Kai | 100 N Mitsubishi Mtwy, Normal, IL 61761-8000 | IL | 1991-05 | $97,559 |
| 6 | Telugu Assoc Of Greater Chicago | PO BOX 2424, Naperville, IL 60567-2424 | IL | 1975-12 | $90,088 |
| 7 | Hispanic Heritage Organization | 233 E Wacker Dr Apt 406, Chicago, IL 60601-5125 | IL | 1995-03 | $89,725 |
| 8 | St Andrews Society Of Central Illinois | PO BOX 5352, Springfield, IL 62705-5352 | IL | 1994-05 | $89,396 |
| 9 | Vidyaranya Kannada Kuta | 2725 Castle Ln, Rolling Mdws, IL 60008-2185 | IL | 1994-01 | $74,741 |
| 10 | Swedish Historical Society Of Rockford | 404 S 3rd St, Rockford, IL 61104-2013 | IL | 1970-01 | $59,163 |
| 11 | United Hellenic American Congress | 600 W Jackson Blvd Ste 550, Chicago, IL 60661-5624 | IL | 1988-10 | $42,467 |
| 12 | Vokkaligara Parishat Of America | 1320 Pickwick Ct, Naperville, IL 60563-2035 | IL | 1997-05 | $27,311 |
| 13 | Thai Cultural And Fine Arts Institute | 70 W Huron St, Chicago, IL 60654-7584 | IL | 1999-05 | $12,039 |
| 14 | Danube Swabian Fund Inc | 625 Seegers Rd, Des Plaines, IL 60016 | IL | 1986-12 | $4,324 |
| 15 | Agape Connection | 2950 Bilter Road, Aurora, IL 60501-8938 | IL | 1994-01 | $0 |
| 16 | Indian American Cultural Association | 8s661 Yackley Ave, Naperville, IL 60565-9335 | IL | 2000-07 | $0 |
| 17 | Lithuanian National Culture Fund Inc | 9136 S 55th Ct, Oak Lawn, IL 60453 | IL | 1995-01 | $0 |
| 18 | Malayalee Assoc Of Chicago | 506b Zenith Dr, Glenview, IL 60025 | IL | 1999-08 | $0 |
| 19 | Pars Educational And Cultural Society | PO BOX 9549, Naperville, IL 60567-0549 | IL | 1987-07 | $0 |
| 20 | Polish American Cultural Club | 4205 Western Avenue, Western Springs, IL 60558 | IL | 2001-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,085 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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