Otis Wilson Charitable Association in Chicago, Illinois (IL)
Table of contents:
| Otis Wilson Charitable Association | |
| Employer Identification Number (EIN) | 363825363 |
| Name of Organization | Otis Wilson Charitable Association |
| Address | 40 E Chicago Ave, Chicago, IL 60611-2026 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $22,231 |
| Amount of Income | $158,859 |
| Form 990 Revenue Amount | $129,947 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $158,859 (it was $345,628 in 2012)
| This organization: | $158,859 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2013: $22,231 (it was $109,726 in 2012)
| This organization: | $22,231 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2013: $217,443
| This organization: | $217,443 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2013: 0.7
| Otis Wilson Charitable Association: | 0.7 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2013: 106.5%
| Otis Wilson Charitable Association: | 106.5% |
| Other organizations performing similar types of work: | 8.9% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $129,947 | ||
| Contributions, gifts, grants, and similar amounts received | $138,335 | ||
| Program service revenue including government fees and contracts | $0 | ||
| Membership dues and assessments | $0 | ||
| Investment income | $0 | ||
| Gain/Loss from sale of assets other than inventory | $0 | ||
| Net income/loss from gaming and fundraising events | $-5,280 | $0 | $-8,388 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $20,524 | ||
| Less: direct expenses from gaming and fundraising events | $28,912 | ||
| Gross profit/loss from sales of inventory | $0 | ||
| Other revenue | $0 | ||
| Total expenses | $217,443 | ||
| Total net assets | $22,231 | ||
| Excess/Deficit for the year | $-87,496 | ||
| Net assets or fund balances at beginning of year | $109,727 | ||
| Other changes in net assets or fund balances | $0 | ||
| Net assets or fund balances at end of year | $22,231 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $78,804 | $109,726 | $22,231 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $22,231 | ||
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | ||
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | ||
| Total amount involved | $0 | ||
| Initiation fees and capital contributions | $0 | ||
| Gross receipts for public use of club facilities | $0 | ||
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| 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) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $1,112,540 |
| Subtotal Support | $1,112,540 |
| Gifts, grants, contributions, and membership fees received | $1,112,540 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $1,112,540 |
| Public Support | $1,112,540 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $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 | Tully Family Foundation | 33 N Dearborn Street, Chicago, IL 60602-3102 | IL | 1998-07 | $15,428,532 |
| 2 | Satter Foundation, Goldman Sach & Co | 500 N Michigan Ave Ste 1700, Chicago, IL 60611-3751 | IL | 1997-10 | $14,664,377 |
| 3 | Sf Foundation | 27 N Wacker Dr, Chicago, IL 60606-2800 | IL | 1997-12 | $12,948,405 |
| 4 | The Virginia W Kettering Foundation | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1997-08 | $7,339,226 |
| 5 | Sacks Family Foundation | 1850 2nd St Ste 201, Highland Park, IL 60035-3176 | IL | 1996-02 | $6,650,200 |
| 6 | The Henri And Flore Lesieur Foundation | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1997-03 | $4,806,823 |
| 7 | Vernon & Marilyn Pflederer Zimmerman Foundation Inc | 7 Greencroft Dr, Champaign, IL 61821-5118 | IL | 1997-04 | $4,460,949 |
| 8 | The John R Houlsby Foundation | 212 Bridle Path Cir, Oak Brook, IL 60523-2615 | IL | 1995-09 | $2,587,522 |
| 9 | Wood Family Foundation | PO BOX 803878, Chicago, IL 60680-3878 | IL | 1995-03 | $2,499,394 |
| 10 | Trott Family Foundation | PO BOX 3016, Chicago, IL 60654-0016 | IL | 1998-02 | $1,448,748 |
| 11 | The Anna Welsh Thornton & Alexander Parker Thornton Charitable Trust | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1998-02 | $1,258,385 |
| 12 | William H & Lois J Mcessy Foundation | 1025 W Everett Road, Lake Forest, IL 60045-2697 | IL | 1996-06 | $1,226,292 |
| 13 | The@itto A Willits Charitable Foundation | Bmo Harris Bank Na, Chicago, IL 60603 | IL | 1998-04 | $1,221,294 |
| 14 | Sheila A Penrose & Ernest Mahaffey Charitable Foundation Inc | 330 N Wabash Ave Ste 2100, Chicago, IL 60611-3673 | IL | 1998-05 | $982,025 |
| 15 | The Hermitage Foundation | One S Dearborn, Chicago, IL 60603-2302 | IL | 1996-06 | $871,878 |
| 16 | Virginia And Tom Gossage Foundation Inc | Us Trust 231 S Lasalle St Il1-231-1, Chicago, IL 60604 | IL | 1997-02 | $811,484 |
| 17 | Rundgren Foundation | 1010 Jorie Blvd, Oak Brook, IL 60523-2215 | IL | 1997-03 | $805,138 |
| 18 | The Marvin And Elaine Gottlieb Family Foundation | 6009 N Milwaukee Ave, Chicago, IL 60646-4709 | IL | 1995-04 | $775,631 |
| 19 | William Van Law Plankey Charitable Endowment Trust | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1997-09 | $647,402 |
| 20 | The Tobey Foundation | 1227 Canterbury Ln, Glenview, IL 60025-3138 | IL | 1996-04 | $606,095 |
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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