Palatine Park Foundation in Palatine, Illinois (IL)
Table of contents:
| Palatine Park Foundation | |
| Employer Identification Number (EIN) | 363981230 |
| Name of Organization | Palatine Park Foundation |
| In Care of Name | Jack O' Connor |
| Address | 486 Parkside, Palatine, IL 60067 |
| Activities | Land acquisition for preservation |
| Subsection | Charitable Organization |
| Ruling Date | 05/1996 |
| 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 | 2014 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $153,601 |
| Amount of Income | $18,457 |
| Form 990 Revenue Amount | $18,457 |
| National Taxonomy of Exempt Entities (NTEE) | Environmental Quality, Protection and Beautification: Land Resources Conservation |
Non-representatives - add comments:
Amount of income in 2014: $18,457 (it was $12,713 in 2013)
| This organization: | $18,457 |
| Other organizations performing similar types of work: | $59,721 |
Assets in 2014: $153,601 (it was $164,683 in 2013)
| This organization: | $153,601 |
| Other organizations performing similar types of work: | $449,287 |
Expenses in 2013: $7,239
| Palatine Park Foundation: | $7,239 |
| Other organizations performing similar types of work: | $41,751 |
Income to expenses ratio in 2013: 2.5
| Palatine Park Foundation: | 2.5 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 99.9%
| This organization: | 99.9% |
| Other organizations performing similar types of work: | 80.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $18,457 | $15,900 | $12,713 |
| Contributions, gifts, grants, and similar amounts received | $18,400 | $15,882 | $12,694 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $57 | $18 | $19 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $11,055 | $10,292 | $7,239 |
| Total net assets | $153,601 | $159,209 | $164,683 |
| Excess/Deficit for the year | $7,402 | $5,608 | $5,474 |
| Net assets or fund balances at beginning of year | $146,199 | $153,601 | $159,209 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $159,209 | $164,683 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $153,601 | $159,209 | $164,683 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $153,601 | $159,209 | $164,683 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | 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 | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $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 | 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: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $58,774 |
| Subtotal | $58,774 |
| Gifts, grants, contributions, and membership fees received | $58,774 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $59,188 |
| Public support | $58,774 |
| Subtotal | $414 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $414 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | White Earth Land Recovery Project | 607 Main Ave, Callaway, MN 56521-2120 | MN | 1994-07 | $929,575 |
| 2 | Westport Land Conservation Trust Inc | PO BOX 3975, Westport, MA 02790-0298 | MA | 1972-09 | $828,408 |
| 3 | Tri County Landfill Association Inc | 24978 349th Ave, Pukwana, SD 57370-6422 | SD | 1993-10 | $764,661 |
| 4 | Volgenau Foundation | 8300 Greensboro Dr Ste 1025, Mclean, VA 22102-3621 | VA | 1995-08 | $335,075 |
| 5 | Salem Preservation Society | Po Box 1034, Salem, OH 44460 | OH | 1994-03 | $181,483 |
| 6 | Blackfoot Valley Ranch Foundation | 1313 175th St, Homewood, IL 60430-4606 | IL | 1997-06 | $119,000 |
| 7 | Foundation For Ada Canyon Trail Systems Inc | 5657 Warm Springs Avenue, Boise, ID 83716 | ID | 1994-06 | $103,050 |
| 8 | Tsalteshi Trail Association Inc | Po Box 4076, Soldotna, AK 99669 | AK | 1997-01 | $60,940 |
| 9 | School Of Living | 215 Julian Woods Ln, Julian, PA 16844-8617 | PA | 1959-10 | $50,266 |
| 10 | Amador Land Trust, Mother Lode Land Trust | Po Box 1435, Jackson, CA 95642 | CA | 1991-07 | $45,496 |
| 11 | Somerset Woods Trustees | PO BOX 833, Skowhegan, ME 04976-0833 | ME | 1996-08 | $41,125 |
| 12 | Oak Lawn Parks Foundation | 5210 W 95th St Ste 200, Oak Lawn, IL 60453-3792 | IL | 1993-11 | $29,440 |
| 13 | Palatine Park Foundation | 486 Parkside, Palatine, IL 60067 | IL | 1996-05 | $18,457 |
| 14 | Snake River Conservancy Foundation | PO BOX 208, Moose, WY 83012-0208 | WY | 1995-12 | $12,500 |
| 15 | Big Sandy Land Foundation | PO BOX 1475, Grundy, VA 24614-1475 | VA | 1998-10 | $500 |
| 16 | Strawvalley Foundation Inc | 11653 Nc 62 S Oak Ct, Burlington, NC 27217 | NC | 1995-09 | $285 |
| 17 | Trust For Wildland Communities | 1792 Beans Bight Re Ne, Bainbridge Island, WA 98110 | WA | 1996-11 | $10 |
| 18 | Wharf Inc | PO BOX 2184, Gearhart, OR 97138-2184 | OR | 1998-03 | $1 |
| 19 | Access Fund Land Foundation | Po Box 17010, Boulder, CO 80308 | CO | 1992-08 | $0 |
| 20 | Bluff Swamp Wildlife Refuge & Botanical Garden Inc | 35019 Alligator Bayou Rd, Prairieville, LA 70769-3001 | LA | 1995-10 | $0 |
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| Total | 101 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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