Max Marti Foundation in Chicago, Illinois (IL)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Illinois
| Max Marti Foundation | |
| Employer Identification Number (EIN) | 237253793 |
| Name of Organization | Max Marti Foundation |
| In Care of Name | Pgreene |
| Address | 10 S Dearborn Fl 21, Chicago, IL 60603-2300 |
| Activities | Other school related activities, Services for the aged (see also 153 ad 382) |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 02/1973 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $579,451 |
| Amount of Income | $58,268 |
| Form 990 Revenue Amount | $57,203 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $64,889 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $54,695 | |||
| Interest on savings and temporary cash investments | $10,194 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $58,646 | $0 | $0 | $57,416 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,230 | $0 | $0 | |
| Contributions, gifts, grants paid | $57,416 | |||
| Excess of revenue over expenses and disbursements | $6,243 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $520,305 | $520,305 |
| Cash - non-interest-bearing | $56,419 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $463,886 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $520,305 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | Yes |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Illinois | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Maurice Walk Fine Arts Foundation | 135 S Lasalle St Ste 2350, Chicago, IL 60603-4177 | IL | 2000-02 | $2,983,614 |
| 2 | Maurice Fund Inc | 111 W Jackson Blvd Ste 940, Chicago, IL 60604-4121 | IL | 1963-07 | $55,628 |
| 3 | Maury And Nancy Fertig Family Foundation | 421 Brierhill Rd, Deerfield, IL 60015-4401 | IL | 1994-03 | $414,002 |
| 4 | Maury E Kaufman Foundation | 4545 W Touhy Ave Apt 302, Lincolnwood, IL 60712-1773 | IL | 1981-02 | $752 |
| 5 | Maverick Swim Club | 1701 Quincy Ave Ste 28, Naperville, IL 60540-6684 | IL | 2013-12 | $641,238 |
| 6 | Maverick Youth Football | PO BOX 131, Monee, IL 60449-0131 | IL | 2005-01 | $38,252 |
| 7 | Mawuli Alumni-North America, Omsu-Na | 746 S Lyman Ave, Oak Park, IL 60304 | IL | 2002-05 | $0 |
| 8 | Max & Yetta Star Foundation | 3300 Oakton St, Skokie, IL 60076-2953 | IL | 1957-04 | $1 |
| 9 | Max And Betty Schorvitz Family Foundation | 778 Frontage Rd Ste 101, Northfield, IL 60093-1209 | IL | 2007-05 | $225,050 |
| 10 | Max Goldenberg Foundation Harris Trust & Savings Bank Ttee | 111 W Monroe - 16w, Chicago, IL 60603-4096 | IL | 1900-01 | $3,984,104 |
| 11 | Max Marti Foundation | 10 S Dearborn Fl 21, Chicago, IL 60603-2300 | IL | 1973-02 | $58,268 |
| 12 | Max Schewitz Foundation | 122 E Prospect Ave, Lake Bluff, IL 60044-2519 | IL | 2006-06 | $285,685 |
| 13 | Max Schlossberg Foundation | 12100 S Stony Island Ave, Chicago, IL 60633-2430 | IL | 1973-06 | $338 |
| 14 | Max W & Jeannette M Petacque Foundation | 1319 Trapp Ln, Winnetka, IL 60093-1632 | IL | 1966-11 | $1,948 |
| 15 | Maxims The Nancy Goldberg International Center L L C, Friestad Eileen Member | 78 E Washington St 4th Flr, Chicago, IL 60602-4801 | IL | 2001-10 | $176,026 |
| 16 | Maxine A Trenkle Charitable Tr, Kopp Kyle Et Al Ttee | PO BOX 111, Farmer City, IL 61842-0111 | IL | $49,119 | |
| 17 | Maxine E Spitler Foundation | PO BOX 305, Newton, IL 62448-0305 | IL | 1997-07 | $39,506 |
| 18 | Maxpoffle Foundation | C/O Robert V Lewis 111 W Monroe, Chicago, IL 60603 | IL | 2001-05 | $289,938 |
| 19 | Maxwell Street Foundation | Po Box 4307, Chicago, IL 60680-4307 | IL | 1998-07 | $0 |
| 20 | May Llewellyn Irwin Tr 1 Fbo San Diego County Council-Girl Scouts | PO BOX 803878, Chicago, IL 60680-3878 | IL | 2003-09 | $141,485 |
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