Melrene Fund in North Aurora, 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
Melrene Fund | |
Employer Identification Number (EIN) | 363056828 |
Name of Organization | Melrene Fund |
In Care of Name | Susan Carson |
Address | PO BOX 272, North Aurora, IL 60542-0237 |
Activities | Other school related activities, Gifts, grants, or loans to other organizations |
Subsection | Charitable Organization |
Ruling Date | 05/1960 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2010 |
Assets | $1,000,000 to $4,999,999 |
Income | $500,000 to $999,999 |
Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
Asset Amount | $4,597,560 |
Amount of Income | $994,194 |
Form 990 Revenue Amount | $-115,434 |
Non-representatives - add comments:
Expenses for 2011
Assets for 2011
Analysis of Revenue and Expenses (for 2011) | ||||
Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
---|---|---|---|---|
Total revenue | $-115,434 | $82,492 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $164,167 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $-81,675 | |||
Total expenses and disbursements | $175,210 | $44,888 | $0 | $118,860 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $56,350 | $44,888 | $0 | |
Contributions, gifts, grants paid | $118,860 | |||
Excess of revenue over expenses and disbursements | $-290,644 | |||
Net investment income | $37,604 | |||
Adjusted net income | $0 |
Balance Sheets (for 2011) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $4,397,357 | $4,465,893 |
Cash - non-interest-bearing | $-2,797 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $3,024,727 | |
Other | $1,375,427 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $4,397,357 |
Capital Gains and Losses for Tax on Investment Income (for 2011) | |
Capital gain net income | $0 |
Net capital loss | $-197,926 |
Excise Tax Based on Investment Income (for 2011) | |
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
Tax based on investment income | $752 |
Total credits and payments | $4,857 |
2011 estimated tax payments and 2010 overpayment credited to 2011 | $4,857 |
Exempt foreign organizations-tax withheld at source | $0 |
Tax paid with application for extension of time to file (Form 8868) | $0 |
Backup withholding erroneously withheld | $0 |
Any penalty for underpayment of estimated tax | $0 |
Overpayment | $4,105 |
Amount to be credited to 2012 estimated tax | $4,105 |
Statements Regarding Activities (for 2011) | |
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 2011 or the taxable year beginning in 2011? | No |
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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? | No |
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 2011) | |
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $4,499,433 |
Net value of noncharitable-use assets | $4,431,940 |
Minimum investment return | $221,597 |
Distributable Amount (for 2011) | |
Distributable amount | $220,539 |
Undistributed Income (for 2011) | |
Distributable amount for 2011 | $220,539 |
Undistributed income for 2011. This amount must be distributed in 2012 | $62,898 |
Private Operating Foundations (for 2011) | |||||
2011 | 2010 | 2009 | 2008 | 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 | Medline Foundation | 1 Medline Pl, Mundelein, IL 60060-4485 | IL | 2003-03 | $1,106,706 |
2 | Medvin Family Foundation | 200 E Randolph St Fl 3, Chicago, IL 60601-6414 | IL | 1998-03 | $442,729 |
3 | Meehan Elementary School Parent Teacher Organization, Meehan Elementary Pto Meehan Pto | 1401 East 6th Street, Belvidere, IL 61008 | IL | 2003-06 | $0 |
4 | Meeting Of The Rivers Foundation Inc | PO BOX 337, Alton, IL 62002-0337 | IL | 1999-02 | $22,618 |
5 | Megdylhun Reinsurance Limited | 2345 Waukegan Rd Ste 210, Bannockburn, IL 60015-1553 | IL | 2006-01 | $120,077 |
6 | Meijer Family Educational Trust Ii, Karr Carol J Ttee | 231 S Lasalle St Il1-231-14-19, Chicago, IL 60697-0001 | IL | 1990-06 | $36,039 |
7 | Melanie Anderson Memorial Scholarship Foundation | 3171 Kyra Ln, Elgin, IL 60124-4343 | IL | 2002-08 | $1,520 |
8 | Melba & Friends | 107 Meadow Dr, Urbana, IL 61801-5822 | IL | 1999-02 | $26,306 |
9 | Melissa Cook Memorial Foundation | PO BOX 731, Grayslake, IL 60030-0731 | IL | 2006-12 | $161,328 |
10 | Mellon Family Foundation | 22 Hart Hills Rd, Barrington, IL 60010-4023 | IL | 2004-03 | $2,466 |
11 | Melrene Fund | PO BOX 272, North Aurora, IL 60542-0237 | IL | 1960-05 | $994,194 |
12 | Melrose Park Chamber Of Commerce | 900 N 25th Avenue, Melrose Park, IL 60160 | IL | 2003-03 | $0 |
13 | Melrose Park Sports & Family Benefit Fund | 1807 Broadway, Melrose Park, IL 60160-2025 | IL | 1999-11 | $133,622 |
14 | Melrose Park Sprinkler Association | PO BOX 1081, Melrose Park, IL 60161-1081 | IL | 1979-03 | $12,415 |
15 | Melsa Foundation | 591 Clarissa Ct, Naperville, IL 60540-8101 | IL | 1997-01 | $217,302 |
16 | Melvin & Edith J Goodman Foundation | 1030 N State Street, Chicago, IL 60610-5476 | IL | 1982-02 | $16,145 |
17 | Melvin & Jean Adams Charitable Tr | PO BOX 803878, Chicago, IL 60680-3878 | IL | 1998-06 | $5,354 |
18 | Sue And Melvin Gray Foundation | 2 Mid America Plz Ste 400, Oakbrook Ter, IL 60181-4714 | IL | 1987-03 | $531,712 |
19 | Lee Ann And Melvin H Jacobs Foundation | C O T Mcguire 1231 W Norwood, Chicago, IL 60660 | IL | 1958-07 | $6,778 |
20 | Melvin R Baum Private Foundation Inc | 866 N Main St, Morton, IL 61550-1602 | IL | 1999-06 | $181,117 |
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