Indian Summer Festival in Milan, Illinois (IL)
Table of contents:
| Indian Summer Festival | |
| Employer Identification Number (EIN) | 363192472 |
| Name of Organization | Indian Summer Festival |
| Address | PO BOX 576, Milan, IL 61264-0576 |
| Activities | Other business or professional group |
| Subsection | Civic League |
| Ruling Date | 05/2012 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $9,814 |
| Amount of Income | $85,266 |
| Form 990 Revenue Amount | $74,035 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Promotion of Business |
Non-representatives - add comments:
Amount of income in 2013: $85,266 (it was $78,185 in 2012)
| This organization: | $85,266 |
| Other organizations performing similar types of work: | $88,861 |
Assets in 2013: $9,814 (it was $12,041 in 2012)
| Indian Summer Festival: | $9,814 |
| Other organizations performing similar types of work: | $51,691 |
Expenses in 2013: $73,642
| This organization: | $73,642 |
| Other organizations performing similar types of work: | $80,127 |
Income to expenses ratio in 2013: 1.2
| Indian Summer Festival: | 1.2 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2013: 88.0%
| Indian Summer Festival: | 88.0% |
| Other organizations performing similar types of work: | 1.0% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $73,168 | $65,821 | $74,035 |
| Contributions, gifts, grants, and similar amounts received | $65,570 | $55,888 | $65,122 |
| 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 | $683 | $812 | $700 |
| Gross income from gaming | $1,767 | $1,922 | $1,958 |
| Gross income from fundraising events | $0 | $0 | $0 |
| Less: direct expenses from gaming and fundraising events | $1,084 | $1,110 | $1,257 |
| Gross profit/loss from sales of inventory | $6,914 | $9,121 | $8,212 |
| Gross sales of inventory, less returns and allowances | $17,516 | $20,375 | $18,186 |
| Less: cost of goods sold | $10,601 | $11,254 | $9,974 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $70,471 | $60,107 | $73,642 |
| Total net assets | $9,054 | $12,041 | $9,814 |
| Excess/Deficit for the year | $2,697 | $5,714 | $393 |
| Net assets or fund balances at beginning of year | $849 | $9,055 | $12,040 |
| Other changes in net assets or fund balances | $5,508 | $-2,728 | $-2,619 |
| Net assets or fund balances at end of year | $12,041 | $9,815 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $9,054 | $12,041 | $9,814 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $9,054 | $12,041 | $9,814 |
| 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: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Retail Merchant Assn Of Tidewater Va Inc, Ta Retail Alliance | 838 Granby St, Norfolk, VA 23510-2051 | VA | 2008-09 | $17,149,516 |
| 2 | San Joaquin Valley Winegrowers Association | 7030 N Fruit Avenue, Fresno, CA 93711-0782 | CA | 2008-11 | $175,202 |
| 3 | 441 Heritage Corridor Inc | 300 North Thomas Street, Athens, GA 30601 | GA | 2000-07 | $56,377 |
| 4 | National Workers Compensation Reinsurance Assocation Nfp | 111 S Wacker Drive, Chicago, IL 60606-4410 | IL | 2009-01 | $6,267,197 |
| 5 | The Society Of Industrial And Office Realtors | Office Realtors, Chicago, IL 60611 | IL | 1946-05 | $6,001,113 |
| 6 | American Society For Surgery Of The Hand Professional Organization, Asshpo | 822 W Washington Blvd, Chicago, IL 60607-2302 | IL | 2015-03 | $4,344,229 |
| 7 | Utilization Technology Development Nfp | 1700 S Mount Prospect Rd, Des Plaines, IL 60018-1804 | IL | 2006-03 | $4,188,285 |
| 8 | Quad Cities Chamber Of Commerce Inc | 1601 River Dr Ste 310, Moline, IL 61265-1447 | IL | 2012-01 | $4,011,986 |
| 9 | Tr Boxborough Corp | 120 N La Salle St Ste 1750, Chicago, IL 60602-2492 | IL | 2007-05 | $2,895,102 |
| 10 | Global Dairy Platform Inc | 10255 W Higgins Rd Ste 820, Rosemont, IL 60018-5614 | IL | 2012-10 | $2,272,522 |
| 11 | Illinois Science And Technology Coalition | 222 Merchandise Mart Place, Chicago, IL 60654-1103 | IL | 2009-08 | $1,889,035 |
| 12 | Word Of Mouth Marketing Association, Womma | 200 East Randolph Street, Chicago, IL 60601-6436 | IL | 2009-08 | $1,602,983 |
| 13 | Wireless Internet Service Association | PO BOX 1582, Mount Vernon, IL 62864-0031 | IL | 2005-04 | $1,487,863 |
| 14 | Wine And Spirits Distributors Assn | 27 E Monroe St Ste 1200, Chicago, IL 60603-5672 | IL | 2001-03 | $1,454,502 |
| 15 | Coalition For Responsible Gaming Expansion | 304 Wainwright Dr Ste 280, Northbrook, IL 60062-1922 | IL | 2014-07 | $903,333 |
| 16 | West Town Chicago Chamber Of Commerce | 1819 W Chicago Ave, Chicago, IL 60622-5980 | IL | 2009-02 | $897,826 |
| 17 | Quad Cities First Inc | 1601 River Dr Ste 310, Moline, IL 61265-1447 | IL | 2010-11 | $819,667 |
| 18 | Vermilion Advantage Nfp | 28 W North Street, Danville, IL 61832-5766 | IL | 1965-01 | $720,705 |
| 19 | American Society For Dermatologic Surgery Association | 5550 Meadowbrook Drive No 120, Rolling Meadows, IL 60008 | IL | 2010-09 | $701,068 |
| 20 | Schaumburg Business Association | 1501 E Woodfield Rd Ste 115n, Schaumburg, IL 60173-4945 | IL | 2002-08 | $648,674 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 17,957 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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