Niagara Foundation in Chicago, Illinois (IL)
Table of contents:
| Niagara Foundation | |
| Employer Identification Number (EIN) | 264443012 |
| Name of Organization | Niagara Foundation |
| In Care of Name | Bulent Aydogan |
| Address | 205 N Michigan Ave Ste 4240, Chicago, IL 60601-5925 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 08/2010 |
| 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 | $100,000 to $499,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $406,911 |
| Amount of Income | $1,006,486 |
| Form 990 Revenue Amount | $1,006,486 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Cultural, Ethnic Awareness |
Non-representatives - add comments:
Amount of income in 2013: $1,006,486 (it was $817,512 in 2012)
| Niagara Foundation: | $1,006,486 |
| Other organizations performing similar types of work: | $43,086 |
Assets in 2013: $406,911 (it was $157,712 in 2012)
| Niagara Foundation: | $406,911 |
| Other organizations performing similar types of work: | $17,937 |
Expenses in 2012: $784,076
| This organization: | $784,076 |
| Other organizations performing similar types of work: | $32,859 |
Income to expenses ratio in 2012: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 75.2%
| This organization: | 75.2% |
| Other organizations performing similar types of work: | 78.0% |
Revenue for 2012
Functional expenses for 2012
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $817,512 |
| Contributions, Gifts, Grants and Other Similar Amounts | $615,039 |
| Program Service Revenue | $201,237 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $0 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $1,236 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $784,076 |
| Compensation of current officers, directors, trustees, and key employees | $73,153 |
| Other salaries and wages | $208,344 |
| Payroll taxes | $21,877 |
| Professional fundraising services | $0 |
| Other | $480,702 |
| Balance Sheet (for 2012) | |
| Total assets | $157,712 |
| Total liabilities | $60,512 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $60,512 |
| Total net assets or fund balances | $97,200 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $1,282,196 |
| Gifts, grants, contributions, and membership fees received | $1,282,196 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $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 | Salvadoran Alliance Of New York Inc, Sany | 303 Crooked Hill Rd, Brentwood, NY 11717-1022 | NY | 2007-12 | $81,900 |
| 2 | Niagara Foundation | 205 N Michigan Ave Ste 4240, Chicago, IL 60601-5925 | IL | 2010-08 | $1,006,486 |
| 3 | Catapult Chicago Inc | 321 N Clark St, Chicago, IL 60654-4714 | IL | 2012-11 | $369,173 |
| 4 | Binational Institute Of Human Development | 314 W Institute Pl, Chicago, IL 60610-7585 | IL | 2014-11 | $364,473 |
| 5 | Polska Szkola Im Marii Konopnickiej Nfp | 9422 Central Ave, Oak Lawn, IL 60453-2321 | IL | 2011-01 | $180,799 |
| 6 | Tatra Mountain Cultural Foundation | 7434 W 61st Pl, Summit, IL 60501 | IL | 2009-02 | $158,826 |
| 7 | Schwaben Verein Of Chicago | 26w031 Birch Ave, Wheaton, IL 60187-2900 | IL | 2006-09 | $122,650 |
| 8 | University Village Association | 1453 W Taylor St, Chicago, IL 60607-4757 | IL | 2014-10 | $114,619 |
| 9 | Xilin North Chinese Education Center | PO BOX 5070, Vernon Hills, IL 60061-5070 | IL | 2010-11 | $111,879 |
| 10 | Institute For The Next Jewish Future Injf | 5472 S Everett Ave App 1, Chicago, IL 60615 | IL | 2011-06 | $111,736 |
| 11 | Scandinavian Park Incorporated Nfp | 1215 Telluride Ct, Bartlett, IL 60103-1504 | IL | 2004-05 | $101,601 |
| 12 | Ahiska Turks Cultural Center | 1415 Hill Ave, Wheaton, IL 60187-5869 | IL | 2008-06 | $90,520 |
| 13 | Soham Dance Space Nfp, Soham Dance Space | 922 N Damen Ave, Chicago, IL 60622-4948 | IL | 2013-12 | $89,993 |
| 14 | The Korean American School Of Heritage & Culture, Little Ol Korea | 2241 White Oak Dr, Northbrook, IL 60062-6359 | IL | 2006-11 | $84,255 |
| 15 | Unity Foundation | 200 West Madison Street, Chicago, IL 60606-3414 | IL | 2001-11 | $81,938 |
| 16 | Eye On India | 6642 Manor Dr, Burr Ridge, IL 60527-5770 | IL | 2013-05 | $81,022 |
| 17 | Nawl Foundation | 321 N Clark St Amer Bar Ctr Ms 15 2, Chicago, IL 60610 | IL | 2008-07 | $71,948 |
| 18 | Labor Day Future Inc | PO BOX 160, Toluca, IL 61369-0160 | IL | 2012-04 | $70,744 |
| 19 | Mexican Folkloric Dance Company Of Chicago Inc | 2846 S Keeler Ave, Chicago, IL 60623-4330 | IL | 2014-12 | $70,550 |
| 20 | Organization Of Latinos At Exelon | 4300 Winfield Rd, Warrenville, IL 60555-4012 | IL | 2012-09 | $61,850 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 6,599 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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