Norwottock 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
| Norwottock Charitable Trust | |
| Employer Identification Number (EIN) | 046561597 |
| Name of Organization | Norwottock Charitable Trust |
| Address | 2440 N Lakeview Ave 15a, Chicago, IL 60614-2872 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $389,611 |
| Amount of Income | $445,952 |
| Form 990 Revenue Amount | $133,659 |
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 | $6,168 | $18,001 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $27 | |||
| Dividends and interest from securities | $17,974 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $57 | |||
| Total expenses and disbursements | $85,659 | $4,734 | $0 | $80,630 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $8,529 | $4,734 | $3,500 | |
| Contributions, gifts, grants paid | $77,130 | |||
| Excess of revenue over expenses and disbursements | $-79,491 | |||
| Net investment income | $13,267 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $556,024 | $740,142 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $416,011 | |
| Investments-corporate bonds | $102,250 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $38,123 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $556,024 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-11,890 |
| 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 | $265 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $265 |
| 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? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $762,297 |
| Net value of noncharitable-use assets | $750,860 |
| Minimum investment return | $37,543 |
| Distributable Amount (for 2012) | |
| Distributable amount | $37,278 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $37,278 |
| 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 | Norwegian American Chamber Of Commerce Inc Midwest-Chicago Chapte | 2955 W Gregory St, Chicago, IL 60625 | IL | 2006-03 | $19,498 |
| 2 | Norwegian American Hospital Foundation | 1044 N Francisco Ave, Chicago, IL 60622-2743 | IL | 1986-06 | $452,789 |
| 3 | Norwegian Lutheran Bethesda Home Association | 2833 N Nordica Ave, Chicago, IL 60634-4726 | IL | 1978-08 | $7,228,855 |
| 4 | Norwood Crossing Association | 6016 N Nina Ave, Chicago, IL 60631-2439 | IL | 1937-09 | $20,403,023 |
| 5 | Norwood Life Care Foundation | 6016 N Nina Ave, Chicago, IL 60631-2439 | IL | 2008-02 | $993,423 |
| 6 | Norwood Park Chamber Of Commerce | 6097 N Northwest Highway, Chicago, IL 60631 | IL | 1978-02 | $89,106 |
| 7 | Norwood Park Chamber Of Commerce Train Station Foundation | 6133 N Nrthwst Hwy Ste A, Chicago, IL 60631-2169 | IL | 2000-05 | $30,888 |
| 8 | Norwood Park Historical Society | 5624 N Newark Ave, Chicago, IL 60631-3137 | IL | 1987-02 | $95,229 |
| 9 | Norwood Park School Educational Foundation Inc | PO BOX 316571, Chicago, IL 60631-6571 | IL | 2006-01 | $44 |
| 10 | Norwood Senior Services Association, Norwood Seniors Network | 6016 N Nina Ave, Chicago, IL 60631-2439 | IL | 2008-02 | $1,700,552 |
| 11 | Norwottock Charitable Trust | 2440 N Lakeview Ave 15a, Chicago, IL 60614-2872 | IL | 1987-12 | $445,952 |
| 12 | Nosim Maasai Missions | 25a Jasons Pointe, Highland, IL 62249 | IL | 2007-01 | $42,473 |
| 13 | Nothern Illinois 4-H Camp Association | 6641 N 6000w Rd, Manteno, IL 60950-3428 | IL | 2001-11 | $264,097 |
| 14 | Notre Dame Junior Football League | 3031 W Willow Knls Dr Apt 102, Peoria, IL 61614-8104 | IL | 2004-09 | $75,177 |
| 15 | Notre Dame Scholarship Fund | 412 Ne Madison Ave, Peoria, IL 61603-3720 | IL | 1998-03 | $0 |
| 16 | Nova Singers | PO BOX 1302, Galesburg, IL 61402-1302 | IL | 1987-06 | $68,231 |
| 17 | Novak Family Foundation | 161 N Clark St 21st Flr, Chicago, IL 60601-3206 | IL | 2008-08 | $8,132 |
| 18 | Novick Family Foundation Inc | 30 E North Ave, Northlake, IL 60164-2516 | IL | 1990-02 | $484,249 |
| 19 | Novus Foundation | 8770 West Bryn Mawr Avenue, Chicago, IL 60631-3515 | IL | 2008-11 | $4,038 |
| 20 | Nozette Foundation | PO BOX 1679, Deerfield, IL 60015-6011 | IL | 1966-12 | $80,316 |
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