Kewanee Rotary Foundation Inc in Kewanee, Illinois (IL)
Table of contents:
| Kewanee Rotary Foundation Inc | |
| Employer Identification Number (EIN) | 363439357 |
| Name of Organization | Kewanee Rotary Foundation Inc |
| Address | PO BOX 153, Kewanee, IL 61443-0153 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 08/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $241,368 |
| Amount of Income | $119,485 |
| Form 990 Revenue Amount | $119,485 |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $39,519 | $23,699 | $124,971 |
| Contributions, gifts, grants, and similar amounts received | $12,852 | $17,337 | $109,081 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $3,329 | $3,035 | $5,065 |
| Gain/Loss from sale of assets other than inventory | $16 | $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 | $23,322 | $3,327 | $10,825 |
| Total expenses | $17,088 | $19,505 | $109,550 |
| Total net assets | $149,153 | $153,346 | $168,767 |
| Excess/Deficit for the year | $22,431 | $4,194 | $15,421 |
| Net assets or fund balances at beginning of year | $126,722 | $149,153 | $153,346 |
| Other changes in net assets or fund balances | $0 | $-1 | $0 |
| Net assets or fund balances at end of year | $153,346 | $168,767 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $149,579 | $158,803 | $244,745 |
| Total liabilities | $426 | $5,457 | $75,977 |
| Net assets or fund balances | $149,153 | $153,346 | $168,767 |
| 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 | 5 |
| Sum of amounts of support | $109,430 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $172,300 |
| Subtotal | $172,300 |
| Gifts, grants, contributions, and membership fees received | $172,300 |
| 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 | $193,116 |
| Public support | $172,300 |
| Subtotal | $20,816 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $20,816 |
| 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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| Other organizations in Illinois | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Kevin J P Ohara Family Foundation | 303 West Madison, Chicago, IL 60606-3309 | IL | 2007-02 | $-166,943 |
| 2 | Kevin Kaplan Foundation | 901 W Jackson Blvd Ste 200, Chicago, IL 60607-3738 | IL | 1990-05 | $3,001 |
| 3 | Kewanee Area United Way | 200 E South St, Kewanee, IL 61443-3716 | IL | 1982-01 | $138,642 |
| 4 | Kewanee Chamber Of Commerce | 113 E 2nd St, Kewanee, IL 61443-2205 | IL | 1946-04 | $179,599 |
| 5 | Kewanee Economic Development Corp | 404 E 3rd St, Kewanee, IL 61443-2324 | IL | 1985-03 | $187,075 |
| 6 | Kewanee Food Pantry Inc | 924 Rose St, Kewanee, IL 61443-2666 | IL | 2004-06 | $54,311 |
| 7 | Kewanee Historical Society | 211 N Chestnut St, Kewanee, IL 61443-2119 | IL | 1998-11 | $20,789 |
| 8 | Kewanee Hospital Foundation | 719 Elliott St, Kewanee, IL 61443-2779 | IL | 1991-06 | $550,376 |
| 9 | Kewanee Lodge No 1261 Loyal Order Of Moose, 1261 | 1001 N Main St, Kewanee, IL 61443-1361 | IL | 1935-08 | $120,971 |
| 10 | Kewanee Masonic Foundation Inc | 423 E Division St, Kewanee, IL 61443-3522 | IL | 2000-02 | $1,089 |
| 11 | Kewanee Rotary Foundation Inc | PO BOX 153, Kewanee, IL 61443-0153 | IL | 1987-08 | $119,485 |
| 12 | Kewanee School District 229 Foundation Fund | 1211 E 3rd St, Kewanee, IL 61443-2431 | IL | 1991-08 | $400,046 |
| 13 | Kewanee Social Service Agency | 1303 N Chestnut St, Kewanee, IL 61443-1069 | IL | 1959-10 | $60,220 |
| 14 | Key Club International, H07 Illinois Eastern Iowa District | 2416 E Washington St, Bloomington, IL 61704-4472 | IL | 1948-02 | $177,126 |
| 15 | Key Club International | 1800 Short Street, Lisle, IL 60532 | IL | 1948-02 | $556 |
| 16 | Key Works Association | 6400 S Stewart Ave, Chicago, IL 60621-3130 | IL | 2000-08 | $1 |
| 17 | Keyes Charitable Trust 23-48964 | PO BOX 803878, Chicago, IL 60680-3878 | IL | 2005-04 | $7,076,656 |
| 18 | Keystone Ecological Urban Centernfp | 4750 North Sheridan Road 7th Floor, Chicago, IL 60640-7528 | IL | 2008-05 | $250,007 |
| 19 | Keystone Leisure Oaks Park | 5805 S Lafayette Ave, Bartonville, IL 61607-9213 | IL | 1989-04 | $92,796 |
| 20 | Keystone Montessori School | PO BOX 5548, River Forest, IL 60305-5548 | IL | 1995-01 | $1,085,135 |
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