Palos 118 Educational Foundation in Palos Park, Illinois (IL)

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Palos 118 Educational Foundation
Employer Identification Number (EIN)364250441
Name of OrganizationPalos 118 Educational Foundation
In Care of NamePalos Comm Consolidated School
Address8800 W 119th Street, Palos Park, IL 60464-1081
SubsectionCharitable Organization
Ruling Date03/1999
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$25,000 to $99,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$65,828
Amount of Income$20,537
Form 990 Revenue Amount$17,397
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Single Organization Support


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Amount of income in 2014: $20,537 (it was $17,864 in 2013)
Palos 118 Educational Foundation: 

 $20,537
Other organizations performing similar types of work: 

 $74,829

Assets in 2014: $65,828 (it was $69,659 in 2013)
This organization: 

 $65,828
Other organizations performing similar types of work: 

 $36,669

Expenses in 2013: $8,298
Palos 118 Educational Foundation: 

 $8,298
Other organizations performing similar types of work: 

 $48,324

Income to expenses ratio in 2013: 2.5
Palos 118 Educational Foundation: 

 2.5
Other organizations performing similar types of work: 

 0.8

Grants share in income in 2013: 57.2%
Palos 118 Educational Foundation: 

 57.2%
Other organizations performing similar types of work: 

 3.5%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$19,947$15,033$17,864
Contributions, gifts, grants, and similar amounts received$9,824$8,583$10,218
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$226$260$567
Gain/Loss from sale of assets other than inventory$0$300$981
Gross amount from sale of assets other than inventory$0$300$981
Less: cost or other basis and sales expenses$0$0$0
Net income/loss from gaming and fundraising events$9,897$5,890$6,098
Gross income from gaming$0$0$0
Gross income from fundraising events$13,980$11,049$9,832
Less: direct expenses from gaming and fundraising events$4,083$5,159$3,734
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$20,685$18,201$8,298
Total net assets$50,427$53,627$69,659
Excess/Deficit for the year$-738$-3,168$9,566
Net assets or fund balances at beginning of year$52,588$50,427$53,627
Other changes in net assets or fund balances$-1,423$6,368$6,466
Net assets or fund balances at end of year$53,627$69,659
Balance Sheets
201120122013
Total assets$50,427$53,627$69,659
Total liabilities$0$0$0
Net assets or fund balances$50,427$53,627$69,659
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
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$75,066
Subtotal Support$81,806
Gifts, grants, contributions, and membership fees received$81,806
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$6,740
Total Support$81,806
Public Support$81,806
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.$10,399
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IdNameAddressStateEstablishedTotal Income
1Scago Educational Facilities Corporation For Spartanburg School100 N Danzler Rd, Duncan, SC 29334-9380SC2008-08$10,595,942
2The Visual Arts Center Of Richmond1812 W Main St, Richmond, VA 23220-4520VA1966-08$1,752,921
3San Marcos Baptist Academy Foundation2801 Ranch Road 12, San Marcos, TX 78666-2433TX1964-12$29,104
4Kipp Chicago1945 S Halsted St Ste 101, Chicago, IL 60608-3435IL2011-07$3,245,142
5Raymond B And Genevieve Culwell Foundation, R & G Culwell Tua Foundation135 S Lasalle St, Chicago, IL 60603-4177IL2004-08$652,078
6Russell Farley Tr Fbo Centenary Col10 S Dearborn 21 Fl, Chicago, IL 60603-2300IL2008-03$355,390
7South Elgin High School Booster Foundation760 E Main St, South Elgin, IL 60177-1702IL2005-12$347,152
8Noble Network Education Foundation1 North State Street Floor 7-L, Chicago, IL 60602-3302IL2012-03$261,219
9Solomon Schechter Day Schools Endowment Foundation30 South Wells No 4049, Chicago, IL 60606-5054IL2002-03$250,370
10Glenbard East Booster ClubC/O Athletic Dept 1014 S Main Stree, Lombard, IL 60148IL2011-05$245,936
11Sullivan Singers Booster Club IncPO BOX 122, Sullivan, IL 61951-0122IL2000-11$186,098
12Warren Township Cheer & Pom NfpPO BOX 7556, Gurnee, IL 60031-7000IL2003-08$177,847
13Maine South Hawkette Boosters Nfp608 S Lincoln Ave, Park Ridge, IL 60068-4507IL2011-06$175,342
14Wolf Branch District 113 Ptc125 Huntwood Rd, Swansea, IL 62226-1923IL2012-03$159,716
15Eagles Hockey ClubPO BOX 663, Orland Park, IL 60462-0663IL2003-07$153,664
16West Aurora Blackhawk Sportsboosters, Blackhawk Sports Boosters2122 W Galena Blvd, Aurora, IL 60506IL2006-06$151,172
17G B Athletic Boosters Club990 Kuhn Rd, Carol Stream, IL 60188-9294IL2010-11$150,783
18Disney Ii Educational Foundation Inc3815 N Kedvale Ave, Chicago, IL 60641-3113IL2010-12$132,326
19The Winnetka Public Schools FoundationPO BOX 97, Winnetka, IL 60093-0097IL1996-09$130,254
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Number of organizations performing similar types of work
Alaska23
Alabama54
Arkansas44
Arizona147
California989
Colorado139
Connecticut68
District of Columbia9
Delaware12
Florida349
Georgia299
Hawaii31
Iowa82
Idaho17
Illinois206
Indiana147
Kansas57
Kentucky145
Louisiana40
Massachusetts173
Maryland97
Maine19
Michigan172
Minnesota188
Missouri122
Mississippi54
Montana18
North Carolina203
North Dakota12
Nebraska40
New Hampshire43
New Jersey295
New Mexico46
Nevada20
New York243
Ohio333
Oklahoma106
Oregon90
Pennsylvania238
Rhode Island23
South Carolina116
South Dakota22
Tennessee169
Texas1,004
Utah15
Virginia202
Vermont27
Washington226
Wisconsin130
West Virginia29
Wyoming9
International7
Total7,349

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