Kalavryta Foundation in Schaumburg, Illinois (IL)
Table of contents:
| Kalavryta Foundation | |
| Employer Identification Number (EIN) | 363811265 |
| Name of Organization | Kalavryta Foundation |
| In Care of Name | Helen Koufis |
| Address | C/0 1019 West Wise Road, Schaumburg, IL 60193-3754 |
| Activities | Supplying money, goods or services to the poor |
| Subsection | Charitable Organization |
| Ruling Date | 10/1997 |
| 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 | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $6,804 |
| Amount of Income | $40,160 |
| Form 990 Revenue Amount | $40,160 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $40,160 (it was $36,508 in 2012)
| Kalavryta Foundation: | $40,160 |
| Other organizations performing similar types of work: | $299,534 |
Assets in 2013: $6,804 (it was $15,577 in 2012)
| This organization: | $6,804 |
| Other organizations performing similar types of work: | $1,135,383 |
Expenses in 2013: $48,933
| This organization: | $48,933 |
| Other organizations performing similar types of work: | $135,405 |
Income to expenses ratio in 2013: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2013: 100.0%
| Kalavryta Foundation: | 100.0% |
| Other organizations performing similar types of work: | 74.1% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $47,759 | $36,508 | $40,160 |
| Contributions, gifts, grants, and similar amounts received | $47,759 | $36,508 | $40,160 |
| 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 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $48,450 | $43,363 | $48,933 |
| Total net assets | $22,432 | $15,577 | $6,804 |
| Excess/Deficit for the year | $-691 | $-6,855 | $-8,773 |
| Net assets or fund balances at beginning of year | $23,123 | $22,432 | $15,577 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $15,577 | $6,804 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $22,432 | $15,577 | $6,804 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $22,432 | $15,577 | $6,804 |
| 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 | $40,160 |
| Subtotal | $40,160 |
| Gifts, grants, contributions, and membership fees received | $7,550 |
| 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 | $32,610 |
| 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 | $40,160 |
| Public support | $40,160 |
| 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 | Scholarship America Inc, S-V Dollars For Scholars | 1024 South Locust, Sesser, IL 62884 | IL | 1962-04 | $222,454,367 |
| 2 | Illinois Masonic Charities Fund | 2866 Via Verde St, Springfield, IL 62703-4388 | IL | 1966-06 | $173,802,688 |
| 3 | National Merit Scholarship Corporation | 1560 Sherman Ave Ste 200, Evanston, IL 60201-4816 | IL | 1957-01 | $132,652,299 |
| 4 | Evans Scholars Foundation | 1 Briar Rd, Golf, IL 60029-2000 | IL | 1976-09 | $37,708,563 |
| 5 | Louise Orr Scott Fdn 6801004100 | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1970-07 | $5,254,464 |
| 6 | Western Illinois Regional Council Community Action Agency | 223 S Randolph St, Macomb, IL 61455-2209 | IL | 1994-06 | $4,776,975 |
| 7 | W W Wannamaker Citadel Star Of The West Ma | PO BOX 2904, Wilson, NC 27894-2904 | NC | 1953-02 | $2,852,405 |
| 8 | Donald S Pichitino Educational Tr | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1998-08 | $2,437,936 |
| 9 | Midwestern University Foundation | 555 31st St, Downers Grove, IL 60515-1235 | IL | 1994-07 | $1,341,555 |
| 10 | Leiby S Hall Scholarship Tr, Alsup Harold E Ttee | PO BOX 1488, Decatur, IL 62525-1488 | IL | 1999-04 | $1,008,419 |
| 11 | Wilmington School District 209-U Foundation For Excellence | 209u Wildcat Ct, Wilmington, IL 60481-4500 | IL | 2000-02 | $81,508 |
| 12 | Westmont Chamber Of Commerce Educational Foundation | 1 S Cass Ave Ste 101, Westmont, IL 60559-1895 | IL | 2009-07 | $15,151 |
| 13 | Wiet Family Foundation | 168 Foxborough Pl, Burr Ridge, IL 60527-6481 | IL | 2002-05 | $11,016 |
| 14 | Free The Children Trust | 745 Concord Lane, Barrington, IL 60010 | IL | 1990-03 | $0 |
| 15 | Illinois Life Underwriters Foundation, Naifa Illinois Foundation | 60 Adloff Lane, Springfield, IL 62703 | IL | 1999-12 | $0 |
| 16 | Top Ladies Of Distinction Inc, East St Louis | 8917 Woestboul St, E Saint Louis, IL 62203-2219 | IL | $0 | |
| 17 | Top Ladies Of Distinction Inc, Evergreen Park | 20649 Promethian Way, Olympia Flds, IL 60461-1517 | IL | 1974-11 | $0 |
| 18 | Top Ladies Of Distinction Inc, Midway | 3701 W 79th Pl, Chicago, IL 60652-1833 | IL | 1974-11 | $0 |
| 19 | Top Ladies Of Distinction Inc, West Suburban Chicago | 4726 Mckinley Ave, Lisle, IL 60532-1733 | IL | 1974-11 | $0 |
| 20 | Westside 40 Plus Inc | 303 Desplaines Ave, Forest Park, IL 60130 | IL | 2001-04 | $0 |
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