Martin And Patricia Burns Scholarship Fund in Western Springs, Illinois (IL)
Table of contents:
Martin And Patricia Burns Scholarship Fund | |
Employer Identification Number (EIN) | 364299353 |
Name of Organization | Martin And Patricia Burns Scholarship Fund |
In Care of Name | francis burns |
Address | 4911 Lawn Ave, Western Springs, IL 60558 |
Subsection | Charitable Organization |
Ruling Date | 08/1999 |
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 | 2010 |
Assets | $100,000 to $499,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $203,356 |
Amount of Income | $48,500 |
Form 990 Revenue Amount | $48,500 |
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 2010: $48,500 (it was $48,500 in 2013)
Martin And Patricia Burns Scholarship Fund: | $48,500 |
Other organizations performing similar types of work: | $41,680 |
Assets in 2010: $203,356 (it was $203,356 in 2013)
Martin And Patricia Burns Scholarship Fund: | $203,356 |
Other organizations performing similar types of work: | $65,579 |
Expenses in 2013: $11,349
Martin And Patricia Burns Scholarship Fund: | $11,349 |
Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2013: 4.3
Martin And Patricia Burns Scholarship Fund: | 4.3 |
Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2013: 10.8%
Martin And Patricia Burns Scholarship Fund: | 10.8% |
Other organizations performing similar types of work: | 9.0% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $4,428 | $24,075 | $48,500 |
Contributions, gifts, grants, and similar amounts received | $5,850 | $2,750 | $5,250 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $-518 | $21,325 | $43,250 |
Gain/Loss from sale of assets other than inventory | $-904 | $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 | $10,844 | $11,835 | $11,349 |
Total net assets | $153,965 | $166,205 | $203,356 |
Excess/Deficit for the year | $-6,416 | $12,240 | $37,151 |
Net assets or fund balances at beginning of year | $160,381 | $153,965 | $166,205 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $166,205 | $203,356 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $153,965 | $166,205 | $203,356 |
Total liabilities | $0 | $0 | $0 |
Net assets or fund balances | $153,965 | $166,205 | $203,356 |
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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public Support | $53,700 |
Subtotal Support | $53,700 |
Gifts, grants, contributions, and membership fees received | $53,700 |
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 |
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
Total Support | $87,286 |
Public Support | $53,700 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $33,586 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income. Do not include gain or loss from the sale of capital assets | $0 |
Gross receipts from related activities, etc. | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
4 | Cord Vanderpool Foundation | 10470 163rd Pl, Orland Park, IL 60467-5445 | IL | 2007-05 | $4,814,463 |
5 | Kankakee Community College Foundation | 100 College Dr, Kankakee, IL 60901-6505 | IL | 2009-09 | $4,148,181 |
6 | Foundation For The Realization Of Human Potential Nfp, Wright Foundation For Transformational Leadership | 445 E Ohio Street Ste 400, Chicago, IL 60611 | IL | 2008-07 | $1,458,948 |
7 | Craig And Donna Bernfield Family Foundation Tr, Craig Bernfield Ttee | 1755 Overland Trl, Deerfield, IL 60015-1811 | IL | 2010-11 | $1,414,007 |
8 | Leave No Veteran Behind | 19 S Lasalle Ste 500, Chicago, IL 60603 | IL | 2008-11 | $1,307,762 |
9 | Magnetar Capital Foundation | 1603 Orrington Ave Ste 1300, Evanston, IL 60201-5018 | IL | 2012-12 | $1,173,552 |
10 | Kehillah Jewish Education Fund | 8180 Mccormick Boulevard, Skokie, IL 60076 | IL | 2009-11 | $1,155,438 |
11 | Gce Foundation | 1535 N Dayton St, Chicago, IL 60642-8054 | IL | 2012-02 | $1,103,935 |
12 | True Value Foundation | 8600 Bryn Mawr Ave, Chicago, IL 60631-3579 | IL | 2008-08 | $1,013,383 |
13 | Guaranteed Rate Foundation Nfp | 1800 W Larchmont Ave Ste 2, Chicago, IL 60613-2448 | IL | 2014-02 | $690,139 |
14 | Wayne City High School Scholarship Foundation | PO BOX 457, Wayne City, IL 62895-0457 | IL | 2002-01 | $680,008 |
15 | Providence Englewood Charter School Foundation | 515 Essex Road, Kenilworth, IL 60043 | IL | 2012-01 | $646,921 |
16 | Omega Uplift Foundation N F P | 8550 So Manistee Ave, Chicago, IL 60617 | IL | 2006-06 | $550,000 |
17 | Future Founders Foundation | 600 W Chicago Ave Ste 700, Chicago, IL 60654-2521 | IL | 2012-04 | $533,097 |
18 | Looser Flake Charitable Foundationnfp | 3551-7th St, Moline, IL 61265-6156 | IL | 2009-08 | $484,739 |
19 | Evanston Scholars | Po Box 7044, Evanston, IL 60201-7044 | IL | 2011-07 | $371,422 |
20 | The Home For Bible Translators In Jerusalem Inc | 1450 Webster Ln, Des Plaines, IL 60018-1422 | IL | 2004-11 | $333,104 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 23,481 |
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