Philip M Friedmann Fam Char Tr 110998, Friedmann Philip M Ttee in Chicago, Illinois (IL)

Philip M Friedmann Fam Char Tr 110998, Friedmann Philip M Ttee
Employer Identification Number (EIN)	367252117
Name of Organization	Philip M Friedmann Fam Char Tr 110998
Secondary Name	Friedmann Philip M Ttee
In Care of Name	Philip M Friedmann
Address	2430 N Lakeview Ave, Chicago, IL 60614-2877
Subsection	Charitable Organization
Ruling Date	06/1999
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Trust
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$10,000,000 to $49,999,999
Income	$5,000,000 to $9,999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$22,710,254
Amount of Income	$8,562,404
Form 990 Revenue Amount	$543,383
National Taxonomy of Exempt Entities (NTEE)	Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations

Non-representatives - add comments:

Amount of income in 2013: $8,562,404 (it was $3,283,040 in 2012)

This organization:	$8,562,404
Other organizations performing similar types of work:	$105,489

Assets in 2013: $22,710,254 (it was $21,420,163 in 2012)

Philip M Friedmann Fam Char Tr 110998, Friedmann Philip M Ttee:	$22,710,254
Other organizations performing similar types of work:	$325,460

Expenses in 2013: $1,414,586

Philip M Friedmann Fam Char Tr 110998, Friedmann Philip M Ttee:	$1,414,586
Other organizations performing similar types of work:	$49,058

Income to expenses ratio in 2013: 6.1

Philip M Friedmann Fam Char Tr 110998, Friedmann Philip M Ttee:	6.1
Other organizations performing similar types of work:	1.0

Grants share in income in 2013: 0.0%

Philip M Friedmann Fam Char Tr 110998, Friedmann Philip M Ttee:	0.0%
Other organizations performing similar types of work:	22.8%

Financial snapshot ($)

Revenue for 2013

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$2,704,677	$1,894,403	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$11,539
Dividends and interest from securities	$494,143
Gross rents	$0
Gross sales price for all assets	$7,188,462
Gross profit from sales of goods	$0
Other income	$868,260
Other	$1,330,735
Total expenses and disbursements	$1,414,586	$296,676	$0	$1,117,910
Compensation of officers, directors, trustees, etc.	$0
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$15,527
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$296,676	$296,676		$0
Contributions, gifts, grants paid	$1,117,910
Excess of revenue over expenses and disbursements	$1,290,091
Net investment income		$1,597,727
Adjusted net income			$0

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$20,974,357	$21,875,026	$21,420,163	$23,484,252	$22,710,254	$25,599,452
Cash - non-interest-bearing	$0		$0		$0
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$0		$0		$0
Investments-corporate bonds	$0		$0		$0
Investments-mortgage loans	$0		$0		$0
Investments-other	$20,627,388		$21,342,307		$22,710,254
Other assets			$0		$0
Total liabilities	$0		$0		$0
Total liabilities and net assets/fund balances	$20,974,357		$21,420,163		$22,710,254

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$281,225	$558,145	$1,330,735
Net capital loss	$0	$0	$0

	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$5,608	$23,377	$31,955
Total credits and payments	$60,457	$54,849	$71,972
Current year estimated tax payments and previous year's overpayment credited to current year	$60,457	$54,849	$21,972
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$0	$0	$50,000
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$17
Tax due		$0	$0
Overpayment		$31,472	$40,000
Amount to be credited to next year's estimated tax	$54,849	$31,472	$40,000

	2011	2012	2013
Statements Regarding Activities
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	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		Yes	Yes
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		Yes	Yes
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	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	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	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	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	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	No	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	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$23,055,085	$23,215,077	$24,673,259
Net value of noncharitable-use assets		$22,866,851	$24,303,160
Minimum investment return	$1,135,463	$1,143,343	$1,215,158

	2011	2012	2013
Distributable Amount
Distributable amount	$1,129,855	$1,119,966	$1,183,203

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$1,129,855	$1,119,966	$1,183,203
Undistributed income for this year. This amount must be distributed in the next year	$1,096,636	$1,073,126	$1,138,419

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
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

Supplementary Information (for 2013)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$11,539	$0
Dividends and interest from securities	$494,143	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

	Income	Expenses	Net
Unrelated Trade or Business Income (for 2008)
Total	$203	$0	$203
Gross receipts or sales less returns and allowances	$0	$0	$0
Cost of goods sold	$0	$0	$0
Gross profit	$0	$0	$0
Capital gain net income	$0	$0	$0
Net gain	$0	$0	$0
Capital loss deduction for trusts	$0	$0	$0
Income (loss) from partnerships and S corporations	$0	$0	$0
Rent income	$0	$0	$0
Unrelated debt-financed income	$0	$0	$0
Interest, annuities, royalties, and rents from controlled organizations	$0	$0	$0
Investment income of a section 501(c)(7), (9), or (17) organization	$0	$0	$0
Exploited exempt activity income	$0	$0	$0
Advertising income	$0	$0	$0
Other income	$203	$0	$203

Deductions Not Taken Elsewhere (for 2008)
Total deductions	$0
Compensation of officers, directors, and trustees	$0
Salaries and wages	$0
Repairs and maintenance	$0
Bad debts	$0
Interest	$0
Taxes and licenses	$0
Charitable contributions	$0
Depreciation	$0
Depletion	$0
Contributions to deferred compensation plans	$0
Employee benefit programs	$0
Excess exempt expenses	$0
Excess readership costs	$0
Other deductions	$0
Unrelated business taxable income	$0
Unrelated business taxable income before net operating loss deduction	$203
Net operating loss deduction	$203
Unrelated business taxable income before specific deduction	$0
Specific deduction	$1,000

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
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

Alaska	25
Alabama	219
Arkansas	78
Arizona	303
California	2,586
Colorado	408
Connecticut	419
District of Columbia	111
Delaware	583
Florida	1,525
Georgia	481
Hawaii	85
Iowa	178
Idaho	58
Illinois	1,113
Indiana	311
Kansas	157
Kentucky	167
Louisiana	161
Massachusetts	705
Maryland	425
Maine	85
Michigan	619
Minnesota	384
Missouri	346
Mississippi	70

Montana	69
North Carolina	788
North Dakota	20
Nebraska	169
New Hampshire	75
New Jersey	876
New Mexico	92
Nevada	215
New York	2,617
Ohio	698
Oklahoma	228
Oregon	208
Pennsylvania	1,086
Rhode Island	184
South Carolina	171
South Dakota	32
Tennessee	266
Texas	1,263
Utah	274
Virginia	477
Vermont	54
Washington	401
Wisconsin	354
West Virginia	69
Wyoming	63
International	44

Total

22,395

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