Kola Foundation in Champaign, Illinois (IL)
Table of contents:
| Kola Foundation | |
| Employer Identification Number (EIN) | 273993531 |
| Name of Organization | Kola Foundation |
| In Care of Name | CHRISTOPHER K KNORR |
| Address | 3019 Bif - 515 E Gregory Dr, Champaign, IL 61820 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2011 |
| 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 | 2014 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $8,807 |
| Amount of Income | $87,005 |
| Form 990 Revenue Amount | $87,005 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Services to Promote the Independence of Specific Populations |
Non-representatives - add comments:
Amount of income in 2014: $87,005 (it was $6,763 in 2012)
| Kola Foundation: | $87,005 |
| Other organizations performing similar types of work: | $87,071 |
Assets in 2014: $8,807 (it was $7,802 in 2012)
| Kola Foundation: | $8,807 |
| Other organizations performing similar types of work: | $45,697 |
Expenses in 2012: $6,905
| Kola Foundation: | $6,905 |
| Other organizations performing similar types of work: | $79,916 |
Income to expenses ratio in 2012: 12.6
| Kola Foundation: | 12.6 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 100.0%
| Kola Foundation: | 100.0% |
| Other organizations performing similar types of work: | 93.5% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012) | |
| Total revenue | $6,763 |
| Contributions, gifts, grants, and similar amounts received | $6,763 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $0 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $6,905 |
| Total net assets | $7,802 |
| Deficit for the year | $-142 |
| Net assets or fund balances at beginning of year | $7,944 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2012) | |
| Total assets | $7,802 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,802 |
| Other Information (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $99,768 |
| Gifts, grants, contributions, and membership fees received | $99,768 |
| 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 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Washington Area Womens Foundation Inc | 1331 H St Nw Ste 1000, Washington, DC 20005-4745 | DC | 1997-09 | $2,978,690 |
| 2 | Southwest Disabilities Services & Support Nfp | 286 E 16th St, Chicago Hts, IL 60411-3730 | IL | 2004-07 | $2,686,084 |
| 3 | Chicago Dugsi Center Inc, Chicago Dugsi Center | 2514 W Thorndale Ave, Chicago, IL 60659-5015 | IL | 2013-01 | $711,349 |
| 4 | Smart Women Smart Money Educational Foundation | 3510 W Franklin Blvd, Chicago, IL 60624-1316 | IL | 2004-05 | $659,167 |
| 5 | Community Threads | 70 W Dundee Rd, Buffalo Grove, IL 60089-3758 | IL | 2012-06 | $635,002 |
| 6 | Awana Lifeline Ministries | 1 East Bode Rd, Streamwood, IL 60107 | IL | 2014-11 | $535,549 |
| 7 | National Progressive Institute For Community Development Inc | 56 E 48th St, Chicago, IL 60615-1011 | IL | 2013-02 | $419,127 |
| 8 | Chicago Black Gay Mens Caucus | 180 N Michigan Ave Ste 1200, Chicago, IL 60601-7480 | IL | 2014-09 | $277,967 |
| 9 | Aspiritech Nfp | 1950 Sheridan Road Suite 203, Highland Park, IL 60035 | IL | 2008-12 | $271,070 |
| 10 | Maranatha International Foundation Usa Inc | 485c Raintree Court, Glen Ellyn, IL 60137 | IL | 2008-07 | $260,620 |
| 11 | Nathan And Kiyoko Lerner Foundation | 500 W Superior 2401, Chicago, IL 60610 | IL | 1998-07 | $250,843 |
| 12 | Waukegan Supportive Housig Nfp | 2040 Brown Avenue, Evanston, IL 60201-3373 | IL | 2005-05 | $221,463 |
| 13 | Voice Of Care An Illinois Not For Profit Corporation | 331 George St, West Chicago, IL 60185-3118 | IL | 2004-02 | $180,471 |
| 14 | Decatur Family Refuge Inc, Decatur Family Refuge Inc Decatur Family Refuge | 539-543 N Water St, Decatur, IL 62523 | IL | 2010-09 | $178,388 |
| 15 | Support Advocates For Women | 1014 N Hamlin Ave, Chicago, IL 60651-3830 | IL | 1999-12 | $172,627 |
| 16 | Sunshine Express Transportatation Service Inc | 14640 Ingleside Ave, Dolton, IL 60419-2207 | IL | 2010-12 | $165,000 |
| 17 | C-U At Home | Po Box 8816, Champaign, IL 61826 | IL | 2013-06 | $161,474 |
| 18 | Bronzeville Community Services | 3619 S State St Ste 300, Chicago, IL 60609-1947 | IL | 2005-01 | $157,982 |
| 19 | Star Foundation Services For Children & Adults | PO BOX 76, Glenview, IL 60025-0076 | IL | 2014-10 | $147,065 |
| 20 | America Cares Too | 3120 Adams St, Bellwood, IL 60104-2230 | IL | 2011-09 | $142,102 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 8,078 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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