Local First Chicago Nfp in Chicago, Illinois (IL)
Table of contents:
| Local First Chicago Nfp | |
| Employer Identification Number (EIN) | 204472705 |
| Name of Organization | Local First Chicago Nfp |
| In Care of Name | Suzanne C Keers |
| Address | 1946 W Potomac Ave 2w, Chicago, IL 60622-3149 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 09/2013 |
| 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 (all other) or 990EZ return |
| Asset Amount | $6,103 |
| Amount of Income | $95,533 |
| Form 990 Revenue Amount | $95,533 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $95,533 (it was $93,509 in 2012)
| This organization: | $95,533 |
| Other organizations performing similar types of work: | $141,217 |
Assets in 2013: $6,103 (it was $0 in 2012)
| Local First Chicago Nfp: | $6,103 |
| Other organizations performing similar types of work: | $121,026 |
Expenses in 2013: $86,825
| Local First Chicago Nfp: | $86,825 |
| Other organizations performing similar types of work: | $118,087 |
Income to expenses ratio in 2013: 1.1
| Local First Chicago Nfp: | 1.1 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2013: 91.9%
| Local First Chicago Nfp: | 91.9% |
| Other organizations performing similar types of work: | 87.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $67,762 | $93,509 | $95,533 |
| Contributions, gifts, grants, and similar amounts received | $54,924 | $79,309 | $87,806 |
| Program service revenue including government fees and contracts | $4,843 | $7,150 | $5,240 |
| Membership dues and assessments | $7,995 | $7,050 | $2,250 |
| 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 | $237 |
| Total expenses | $69,900 | $99,853 | $86,825 |
| Total net assets | $-7,761 | $-14,105 | $-8,397 |
| Excess/Deficit for the year | $-2,138 | $-6,344 | $8,708 |
| Net assets or fund balances at beginning of year | $-5,623 | $-7,761 | $-14,105 |
| Other changes in net assets or fund balances | $0 | $0 | $-3,000 |
| Net assets or fund balances at end of year | $-14,105 | $-8,397 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $3,739 | $0 | $6,103 |
| Total liabilities | $11,500 | $14,105 | $14,500 |
| Net assets or fund balances | $-7,761 | $-14,105 | $-8,397 |
| 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? | Yes | Yes | |
| 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? | Yes | Yes | |
| Total amount involved | $11,500 | $14,500 | |
| 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 | $95,296 |
| Subtotal | $95,296 |
| Gifts, grants, contributions, and membership fees received | $90,056 |
| 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 | $5,240 |
| 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 | $95,533 |
| Public support | $95,296 |
| 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 | $237 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ventura County Community Development Corporation | 2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813 | CA | 2003-05 | $5,683,551 |
| 2 | Capitalplus Exchange Corporation | 100 N Lasalle Street No 1710, Chicago, IL 60602 | IL | 2004-02 | $7,860,918 |
| 3 | World Business Chicago | 177 N State St Ste 500, Chicago, IL 60601-3611 | IL | 2000-08 | $4,555,351 |
| 4 | The Rebirth Of Englewood Community Development Corporation, Barnes Vincent | 1912 W 63rd St, Chicago, IL 60636-2112 | IL | 1996-08 | $918,634 |
| 5 | The Lincoln Park Society | 1601 N Clark St, Chicago, IL 60614-6038 | IL | 1997-02 | $877,852 |
| 6 | Fellowship Educational And Economic Development Corporation | 4543 S Princeton Ave, Chicago, IL 60609-3620 | IL | 2012-05 | $737,461 |
| 7 | West Side 2000 | 1019 S May St, Chicago, IL 60607-4232 | IL | 1999-07 | $379,355 |
| 8 | River East Ventures Inc Nfp | 1001 N 15th Street, East Saint Louis, IL 62205 | IL | 2011-11 | $317,997 |
| 9 | Spoon River Partnership For Economic Development, Srped | 45 E Side Sq Ste 303, Canton, IL 61520-2673 | IL | 2006-09 | $196,045 |
| 10 | East St Louis Consortium For Progress Development And | 700 N 20th Street, East St Louis, IL 62205 | IL | 2011-06 | $188,387 |
| 11 | Rock River Development Partnership | 124 N WATER STREET PO BOX 4244 NO, Rockford, IL 61107-3960 | IL | 2011-02 | $173,815 |
| 12 | Plainfield Riverfront Foundation | 15518 S Joliet Rd, Plainfield, IL 60544-8000 | IL | 2010-06 | $160,144 |
| 13 | Moline Community Development Corporation Nfp | 619 16th St, Moline, IL 61265 | IL | 2010-04 | $135,989 |
| 14 | Downtown Development Corporation Of Peoria | 820 Sw Adams St, Peoria, IL 61602-1623 | IL | 2015-02 | $113,334 |
| 15 | West Suburban Chamber Of Commerce & Industry Foundation | 9440 Joliet Road Room/Suite B, Hodgkins, IL 60525-7278 | IL | 2001-11 | $61,140 |
| 16 | South Elgin Economic Development Council | Po Box 678, South Elgin, IL 60177 | IL | 2003-01 | $22,104 |
| 17 | Renew Dekalb | 1130 Glidden Ave, Dekalb, IL 60115-4358 | IL | 2010-08 | $18,405 |
| 18 | Community Development Corporation Of The Bloomington-Normal Area | 200 W College Ave, Normal, IL 61761-2552 | IL | 2012-11 | $1,243 |
| 19 | Urban Development & Support Group Inc | 20145 Catalpa Ave, Lynwood, IL 60411-6806 | IL | 2002-04 | $749 |
| 20 | Farmington Betterment Association | 16 N Main Street, Farmington, IL 61531 | IL | 1997-02 | $5 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,538 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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