Morrow Charitable Trust 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
| Morrow Charitable Trust | |
| Employer Identification Number (EIN) | 363485228 |
| Name of Organization | Morrow Charitable Trust |
| Address | 200 E Randolph St Ste 6952, Chicago, IL 60601-7701 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 01/1988 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $173,385 |
| Amount of Income | $103,144 |
| Form 990 Revenue Amount | $6,828 |
Non-representatives - add comments:
Revenue for 2011
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 | $6,828 | $6,799 | $6,799 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $12 | |||
| Dividends and interest from securities | $6,787 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $29 | |||
| Total expenses and disbursements | $78,773 | $1,683 | $1,683 | $77,090 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,683 | $1,683 | $0 | |
| Contributions, gifts, grants paid | $77,090 | |||
| Excess of revenue over expenses and disbursements | $-71,945 | |||
| Net investment income | $5,116 | |||
| Adjusted net income | $5,116 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $101,440 | $256,674 |
| Cash - non-interest-bearing | $84,004 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $17,436 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $101,440 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| 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 | $102 |
| Total credits and payments | $272 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $272 |
| 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 | $170 |
| Amount to be credited to 2012 estimated tax | $170 |
| 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 | $297,776 |
| Net value of noncharitable-use assets | $293,300 |
| Minimum investment return | $14,665 |
| Distributable Amount (for 2011) | |
| Distributable amount | $14,563 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $14,563 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| 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 | Morrison & Mary Wiley Library Corporation | PO BOX 467, Elmwood, IL 61529-0467 | IL | 1954-01 | $222,018 |
| 2 | Morrison Area Development Corporation | PO BOX 8, Morrison, IL 61270-0008 | IL | 1997-01 | $146,266 |
| 3 | Morrison Community Hospital Employee Benefit Trust | 303 N Jackson St, Morrison, IL 61270-3042 | IL | 1988-06 | $380,621 |
| 4 | Morrison Community Nursery School | 200 West Lincolnway, Morrison, IL 61270 | IL | 1977-01 | $25,848 |
| 5 | Morrison Family Foundation | 1125 E 48th St, Chicago, IL 60615-1903 | IL | 1997-08 | $2,605,450 |
| 6 | Morrison Institute Of Technology | 701 Portland Ave, Morrison, IL 61270-2959 | IL | 1978-04 | $2,092,387 |
| 7 | Morrison Sportsmens Club Inc | PO BOX 554, Erie, IL 61250-0554 | IL | 1964-04 | $117,771 |
| 8 | Morrison-Shearer Foundation | 401 Lee Rd, Northbrook, IL 60062-2712 | IL | 1992-01 | $1,041,047 |
| 9 | Morrisonville Community Ambulance Service A Corporation | PO BOX 641, Morrisonville, IL 62546-0641 | IL | 1979-09 | $105,691 |
| 10 | Morrisonville Community Club | 1020 N 750 East Rd, Palmer, IL 62556-7034 | IL | 1987-11 | $31,728 |
| 11 | Morrow Charitable Trust | 200 E Randolph St Ste 6952, Chicago, IL 60601-7701 | IL | 1988-01 | $103,144 |
| 12 | Illinois Mortgage Bankers Association | 111 W Washington St Ste 1311, Chicago, IL 60602-3454 | IL | 1942-06 | $340,015 |
| 13 | Mortgage Education Foundation Inc | 350 W 22nd Street, Lombard, IL 60148-6449 | IL | 1994-10 | $260,535 |
| 14 | Morton & Helen Yulman Charitable Trust 14417154 | PO BOX 803878, Chicago, IL 60680-3878 | IL | 1956-07 | $1,630,985 |
| 15 | Morton Area Players Inc | 377 N Oregon Ave, Morton, IL 61550-2358 | IL | 1995-11 | $29,372 |
| 16 | Morton Chamber Of Commerce | 415 W Jefferson St, Morton, IL 61550-1817 | IL | 1957-03 | $812,980 |
| 17 | Morton College Foundation | 6625 West 26th Street, Berwyn, IL 60402 | IL | 1979-08 | $0 |
| 18 | Morton Community Foundation | 105 E Jefferson St, Morton, IL 61550-2001 | IL | 2000-08 | $1,432,431 |
| 19 | Morton Economic Development Council | 415 W Jefferson St, Morton, IL 61550-1817 | IL | 2009-02 | $212,165 |
| 20 | Morton Family Foundation | 420 E Ohio St Apt 4f, Chicago, IL 60611-3314 | IL | 1989-01 | $946,663 |
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