Illinois Korean Memorial Association in Springfield, Illinois (IL)
Table of contents:
| Illinois Korean Memorial Association | |
| Employer Identification Number (EIN) | 371267899 |
| Name of Organization | Illinois Korean Memorial Association |
| In Care of Name | K Leseure |
| Address | 150 Circle Dr, Springfield, IL 62703-4807 |
| Activities | Veterans activities |
| Subsection | Charitable Organization |
| Ruling Date | 04/1991 |
| 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 | 12/2014 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $29,229 |
| Amount of Income | $1,685 |
| Form 990 Revenue Amount | $1,685 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: |
Non-representatives - add comments:
Amount of income in 2014: $1,685 (it was $1,355 in 2013)
| This organization: | $1,685 |
| Other organizations performing similar types of work: | $82,478 |
Assets in 2014: $29,229 (it was $27,886 in 2013)
| This organization: | $29,229 |
| Other organizations performing similar types of work: | $217,046 |
Expenses in 2013: $2,263
| Illinois Korean Memorial Association: | $2,263 |
| Other organizations performing similar types of work: | $54,911 |
Income to expenses ratio in 2013: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2013: 97.4%
| Illinois Korean Memorial Association: | 97.4% |
| Other organizations performing similar types of work: | 81.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $6,620 | $3,261 | $2,859 | $1,355 |
| Contributions, gifts, grants, and similar amounts received | $6,552 | $3,208 | $2,815 | $1,320 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $53 | $44 | $35 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $3,276 | $155 | $261 | $2,263 |
| Total net assets | $23,088 | $26,194 | $28,793 | $27,886 |
| Excess/Deficit for the year | $3,344 | $3,106 | $2,598 | $-907 |
| Net assets or fund balances at beginning of year | $19,744 | $23,088 | $26,195 | $29,700 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $-907 |
| Net assets or fund balances at end of year | $28,793 | $26,979 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $23,088 | $26,174 | $28,793 | $27,886 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $23,088 | $26,194 | $28,793 | $27,886 |
| Other Information | ||||
| 2010 | 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 | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | $20,473 |
| Subtotal | $20,473 |
| Gifts, grants, contributions, and membership fees received | $20,473 |
| 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 | $21,001 |
| Public support | $20,473 |
| Subtotal | $527 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $527 |
| 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 | Vintage War Birds Inc | 10000 Shelbyville Rd Ste 210, Louisville, KY 40223-3974 | KY | 2000-02 | $198,025 |
| 2 | Texas Military Forces Museum | 2200 W 35th St, Austin, TX 78703 | TX | 1992-10 | $136,650 |
| 3 | Shelby American Collection | PO BOX 19228, Boulder, CO 80308-2228 | CO | 1997-07 | $98,785 |
| 4 | Vintage Radio And Communications Museum Of Connecticut Inc | 115 Pierson Ln, Windsor, CT 06095-2050 | CT | 1997-10 | $55,287 |
| 5 | El Dorado Western Railway Foundation | Po Box 3517, Diamond Springs, CA 95619 | CA | 1998-03 | $23,991 |
| 6 | Red River Railroad Museum | 101 E Main St, Denison, TX 75021-3076 | TX | 1994-12 | $23,182 |
| 7 | Peace Museum | PO BOX 803887, Chicago, IL 60680-3887 | IL | 1981-04 | $17,474 |
| 8 | Illinois Korean Memorial Association | 150 Circle Dr, Springfield, IL 62703-4807 | IL | 1991-04 | $1,685 |
| 9 | The Tuskegee Inspiration Foundation | 16027 Prairie Ave, Lawndale, CA 90260-2713 | CA | 1998-02 | $1 |
| 10 | Vibroplex Foundation Inc | 11 E Midtown Park, Mobile, AL 36606-4117 | AL | 1997-06 | $1 |
| 11 | 36th Infantry Division National Museum Foundation A Tx Not For Pro | 31 Brookhollow, Wimberley, TX 78676 | TX | 1992-12 | $0 |
| 12 | Air & Missle Museum Development Corporation | 2204 E Palmetto St, Florence, SC 29506 | SC | 1995-06 | $0 |
| 13 | Air Combat Museum | 6 Fox Mill Lane, Springfield, IL 62712 | IL | 1993-04 | $0 |
| 14 | Allied Air Force Inc | 1730 Vultee St Queen City Airport, Allentown, PA 18103-4741 | PA | 1984-09 | $0 |
| 15 | American Museum Of Business Culture | PO BOX 546, Brookdale, CA 95007-0546 | CA | 1994-09 | $0 |
| 16 | American Museum Of The Miniature Arts | 1491 White Sands, Rockwall, TX 75087 | TX | 1988-09 | $0 |
| 17 | Blue Ridge Mountains Preservation Foundation Inc | PO BOX 71, Morganton, GA 30560-0071 | GA | 1996-02 | $0 |
| 18 | Center For Holocaust Studies Inc | 1609 Avenue J, Brooklyn, NY 11230-3711 | NY | 1977-04 | $0 |
| 19 | Circus World Museum Inc | Po Box 294, Baraboo, WI 53913 | WI | 1956-07 | $0 |
| 20 | Frasca Air Museum Inc | 906 Airport Road, Urbana, IL 61802 | IL | 1984-04 | $0 |
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| Total | 79 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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