Omalley & Associates Charitable Foundation in Downers Grove, 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
- Organizations performing similar types of work
| Omalley & Associates Charitable Foundation | |
| Employer Identification Number (EIN) | 201506567 |
| Name of Organization | Omalley & Associates Charitable Foundation |
| In Care of Name | Daniel G Coman |
| Address | 2001 Butterfield Rd Ste 920, Downers Grove, IL 60515-5473 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $1 to $9,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $11 |
| Amount of Income | $24,997 |
| Form 990 Revenue Amount | $11,000 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2010: $24,997 (it was $11,000 in 2011)
| This organization: | $24,997 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2010: $11 (it was $65 in 2011)
| This organization: | $11 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2011: $10,946
| This organization: | $10,946 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2011: 2.3
| Omalley & Associates Charitable Foundation: | 2.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 100.0%
| Omalley & Associates Charitable Foundation: | 100.0% |
| Other organizations performing similar types of work: | 22.8% |
Expenses 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 | $11,000 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $11,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $10,946 | $0 | $0 | $10,775 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $171 | $0 | $0 | |
| Contributions, gifts, grants paid | $10,775 | |||
| Excess of revenue over expenses and disbursements | $54 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $65 | $65 |
| Cash - non-interest-bearing | $65 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $6,000 | |
| Mortgages and other notes payable | $0 | |
| Other | $6,000 | |
| Total liabilities and net assets/fund balances | $-5,935 | |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Star Family Foundation | 222 N Lasalle St 2000, Chicago, IL 60601 | IL | 2013-02 | $50,049,570 |
| 2 | The Brinson Foundation | 737 N Michigan Ave Ste 1850, Chicago, IL 60611-6707 | IL | 2007-10 | $44,904,690 |
| 3 | Abbvie Foundation | 1 N Waukegan Rd Bldg Ap34-2, North Chicago, IL 60064-1802 | IL | 2013-11 | $41,664,160 |
| 4 | Manaaki Foundation | 807 Forest Ave, River Forest, IL 60305-1361 | IL | 2012-01 | $20,084,922 |
| 5 | Bacca Foundation | 10 S Dearborn St, Chicago, IL 60603-2300 | IL | 2013-05 | $18,608,916 |
| 6 | Tellabs Foundation | 1415 W Diehl Rd Msc 10, Naperville, IL 60563-1139 | IL | 1997-11 | $17,141,393 |
| 7 | State Farm Companies Foundation | PO BOX 2321, Bloomington, IL 61702-2321 | IL | 1968-06 | $17,034,318 |
| 8 | William Butterworth Memorial Trust | 506 15th St, Moline, IL 61265-2149 | IL | 1954-05 | $15,537,327 |
| 9 | John C Kulis Charitable Foundation | 216 S Jefferson St Ste 301, Chicago, IL 60661-5743 | IL | 2014-07 | $13,783,826 |
| 10 | Kraft Foods Group Foundation | 3 Lakes Dr, Northfield, IL 60093-2753 | IL | 2012-09 | $12,003,509 |
| 11 | Youth Improved Incorporated | 10255 West Higgins Road, Rosemont, IL 60018-5638 | IL | 2010-05 | $11,535,686 |
| 12 | Robert And Jean Reid Family Foundation | 111 W Monroe St Flr 10e, Chicago, IL 60603-4096 | IL | 2014-06 | $10,237,037 |
| 13 | Smoke Rise Foundation Inc | C/O Friedman Huey Associates, Homewood, IL 60430 | IL | 2009-09 | $9,705,104 |
| 14 | Donnini-Rudolph Family Foundation | 1402 Waterford Pl, Champaign, IL 61821-6973 | IL | 2013-02 | $8,972,028 |
| 15 | The Keywell Foundation | 600 W Chicago Ave Ste 775, Chicago, IL 60654-2526 | IL | 2011-03 | $8,381,469 |
| 16 | Weberg Tr | PO BOX 803878, Chicago, IL 60680-3878 | IL | 2005-01 | $8,368,393 |
| 17 | 1111 Foundation | 1 Medline Pl, Mundelein, IL 60060-4485 | IL | 2013-07 | $8,095,176 |
| 18 | Wohlers Family Foundation | PO BOX 803878, Chicago, IL 60680-3878 | IL | 2007-09 | $7,711,099 |
| 19 | Visiting Nurse Association Of Chicago | 20 N Wacker Dr Ste 3118, Chicago, IL 60606-3101 | IL | 1934-02 | $7,540,122 |
| 20 | Sidley Austin Foundation | 1 S Dearborn St Ste 2300, Chicago, IL 60603-2306 | IL | 2006-03 | $7,202,287 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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