Lake Villa District Library Foundation Inc in Lake Villa, Illinois (IL)
Table of contents:
| Lake Villa District Library Foundation Inc | |
| Employer Identification Number (EIN) | 201106107 |
| Name of Organization | Lake Villa District Library Foundation Inc |
| Address | 1001 E Grand Ave, Lake Villa, IL 60046-9085 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2004 |
| 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 | $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 | $41,901 |
| Amount of Income | $9,267 |
| Form 990 Revenue Amount | $4,770 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $9,267 (it was $8,251 in 2013)
| This organization: | $9,267 |
| Other organizations performing similar types of work: | $29,036 |
Assets in 2014: $41,901 (it was $37,443 in 2013)
| This organization: | $41,901 |
| Other organizations performing similar types of work: | $79,636 |
Expenses in 2013: $468
| This organization: | $468 |
| Other organizations performing similar types of work: | $20,046 |
Income to expenses ratio in 2013: 19.8
| Lake Villa District Library Foundation Inc: | 19.8 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.9%
| Lake Villa District Library Foundation Inc: | 0.9% |
| Other organizations performing similar types of work: | 7.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $4,036 | $6,690 | $8,251 |
| Contributions, gifts, grants, and similar amounts received | $1,970 | $2,495 | $75 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $26 | $20 | $20 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $2,040 | $4,175 | $8,156 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $3,196 | $6,672 | $9,799 |
| Less: direct expenses from gaming and fundraising events | $1,156 | $2,497 | $1,643 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $3,032 | $1,230 | $468 |
| Total net assets | $24,200 | $29,660 | $37,443 |
| Excess/Deficit for the year | $1,004 | $5,460 | $7,783 |
| Net assets or fund balances at beginning of year | $23,196 | $24,200 | $29,660 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $37,443 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $24,200 | $29,660 | $37,443 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $24,200 | $29,660 | $37,443 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | 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 | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | 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 | ||
| Total amount involved | $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 | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| 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 | Zelpha E Mckinnon University Of Michigan-Flint Tr | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 2000-11 | $247,817 |
| 2 | Geneva Library Foundation | 127 James St, Geneva, IL 60134 | IL | 2012-01 | $83,497 |
| 3 | Huntley Area Public Library District Friends Foundation | 11000 Ruth Road, Huntley, IL 60142 | IL | 2010-04 | $55,255 |
| 4 | Beardstown Houston Memorial Library Foundation | 300 Washington St, Beardstown, IL 62618-1194 | IL | 2000-03 | $54,310 |
| 5 | The Vivian G Harsh Society Inc, Harsh Society | PO BOX 438157, Chicago, IL 60643-8157 | IL | 2003-06 | $43,598 |
| 6 | Lake Villa District Library Foundation Inc | 1001 E Grand Ave, Lake Villa, IL 60046-9085 | IL | 2004-07 | $9,267 |
| 7 | Rd Foundation | 342 Bienterra Trail, Rockford, IL 61107 | IL | 2004-01 | $6,000 |
| 8 | Collinsville Memorial Public Library Foundation | 1234 St Louis Rd, Collinsville, IL 62234 | IL | 1999-12 | $86 |
| 9 | Beecher Community Library Foundation | PO BOX 815, Beecher, IL 60401 | IL | 1999-09 | $0 |
| 10 | Dundee Township Public Library District Foundation Inc | 555 Barrington Ave, East Dundee, IL 60118-1422 | IL | 2008-12 | $0 |
| 11 | Friends Of Gillespie Public Library | Po Box 36, Gillespie, IL 62033 | IL | 2000-07 | $0 |
| 12 | Friends Of The Batavia Library | 10 S Batavia Ave, Batavia, IL 60510 | IL | 2006-07 | $0 |
| 13 | Friends Of The Budlong Woods Branch Of The Chicago Public Library | 5630 N Lincoln Ave, Chicago, IL 60659-4958 | IL | 2004-08 | $0 |
| 14 | Friends Of The Chicago Heights Free Public Library | 25 W 15th St, Chicago Heights, IL 60411-3488 | IL | 2008-11 | $0 |
| 15 | Friends Of The Eisenhower Library | 4613 N Oketo Avenue, Harwood Heights, IL 60706 | IL | 2011-12 | $0 |
| 16 | Friends Of The Glen Carbon Centennial Library | 198 South Main Street, Glen Carbon, IL 62034 | IL | 2010-04 | $0 |
| 17 | Friends Of The Harvard Diggins Library Inc | 900 East Mckinley Street, Harvard, IL 60033 | IL | 2013-05 | $0 |
| 18 | Friends Of The Lake Bluff Library | 123 Scranton Ave, Lake Bluff, IL 60044 | IL | 1999-09 | $0 |
| 19 | Friends Of The Lovington Public Library, Na | 110 West State Street, Lovington, IL 61937 | IL | 2003-05 | $0 |
| 20 | Friends Of The Maple Park Library | Po Box 159 302 Willow Street, Maple Park, IL 60151 | IL | 2008-11 | $0 |
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| Total | 1,320 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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