Piano Forte Foundation Nfp in Chicago, Illinois (IL)
Table of contents:
Piano Forte Foundation Nfp | |
Employer Identification Number (EIN) | 412172649 |
Name of Organization | Piano Forte Foundation Nfp |
In Care of Name | Thomas Zoells |
Address | 1335 S Michigan Ave, Chicago, IL 60605-2601 |
Subsection | Charitable Organization, Educational Organization |
Ruling Date | 02/2006 |
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 | 06/2014 |
Assets | $25,000 to $99,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $80,573 |
Amount of Income | $170,962 |
Form 990 Revenue Amount | $148,791 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music |
Non-representatives - add comments:
Amount of income in 2014: $170,962 (it was $176,416 in 2013)
This organization: | $170,962 |
Other organizations performing similar types of work: | $51,420 |
Assets in 2014: $80,573 (it was $113,614 in 2013)
This organization: | $80,573 |
Other organizations performing similar types of work: | $15,938 |
Expenses in 2013: $164,680
Piano Forte Foundation Nfp: | $164,680 |
Other organizations performing similar types of work: | $45,736 |
Income to expenses ratio in 2013: 1.0
Piano Forte Foundation Nfp: | 1.0 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 86.4%
Piano Forte Foundation Nfp: | 86.4% |
Other organizations performing similar types of work: | 5.6% |
Revenue for 2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $176,278 | $195,275 | $176,416 |
Contributions, gifts, grants, and similar amounts received | $157,843 | $156,057 | $152,488 |
Program service revenue including government fees and contracts | $14,746 | $39,179 | $23,800 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $0 | $5 | $128 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $3,459 | $0 | $0 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $230 | $34 | $0 |
Total expenses | $123,679 | $153,202 | $164,680 |
Total net assets | $52,266 | $94,339 | $106,074 |
Excess/Deficit for the year | $52,599 | $42,073 | $11,736 |
Net assets or fund balances at beginning of year | $-333 | $52,266 | $94,338 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $94,339 | $106,074 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $65,502 | $109,891 | $113,614 |
Total liabilities | $13,236 | $15,552 | $7,540 |
Net assets or fund balances | $52,266 | $94,339 | $106,074 |
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 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 | $575,236 |
Subtotal Support | $778,757 |
Gifts, grants, contributions, and membership fees received | $778,757 |
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 | $203,521 |
Total Support | $778,757 |
Public Support | $778,757 |
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. | $23,928 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Music Academy Nfp | 226 S 2nd St, Rockford, IL 61104-2064 | IL | 2011-06 | $496,687 |
2 | Third Coast Percussion Nfp | 4045 N Rockwell St No 301, Chicago, IL 60618-3720 | IL | 2009-04 | $354,765 |
3 | Rush Hour Concerts At St James Cathedral | 650 N Dearborn St Ste 500, Chicago, IL 60654-5357 | IL | 2014-10 | $348,394 |
4 | Baroque Band | 30 E Adams St Ste 1201, Chicago, IL 60603-5693 | IL | 2007-06 | $170,083 |
5 | Newberry Consort Nfp | 6530 N Greenview Ave, Chicago, IL 60626-5008 | IL | 2009-09 | $118,621 |
6 | William Ferris Chorale | 1032 W Sheridan Rd, Chicago, IL 60660-1537 | IL | 1975-05 | $110,752 |
7 | Musical Arts Institute | 9244 S Lafaytte Ave, Chicago, IL 60620-1406 | IL | 2010-06 | $107,641 |
8 | Skokie Theatre Music Foundation Inc | 7924 Lincoln Ave, Skokie, IL 60077-3609 | IL | 2002-11 | $96,129 |
9 | Bravo Waukegan | 400 E Illinois Road, Lake Foresrt, IL 60045 | IL | 2011-03 | $89,291 |
10 | Sadhana Inc Nfp | 15251 Timber Ridge Ct, Orland Park, IL 60467-7347 | IL | 2005-08 | $84,427 |
11 | St Petersburg Chamber Philharmonic | 4525 Woodland Ave, Western Sprgs, IL 60558-1506 | IL | 2003-06 | $75,292 |
12 | Ortegon Music Studio Nfp | 3431 N Claremont Ave, Chicago, IL 60618-6003 | IL | 2015-04 | $64,113 |
13 | North Shore Music Alliance Inc, North Shore Chamber Music Festival | 3065 Pheasant Creek Drive, Northbrook, IL 60062 | IL | 2010-05 | $56,736 |
14 | Vox 3 Collective Inc Nfp | 4618 N Racine Unit 7, Chicago, IL 60640 | IL | 2009-02 | $52,775 |
15 | Michael J Murphy Music Scholarship Fund | 11665 S Rogowski Drive, Merrionette Park, IL 60803 | IL | 2009-08 | $40,782 |
16 | Bach And Beyond | 4740 N Western Ave, Chicago, IL 60625-2013 | IL | 2004-10 | $38,107 |
17 | Elmhurst Mens Chorus Inc | 121 Hudson Ct, Naperville, IL 60565-6346 | IL | 2013-01 | $26,696 |
18 | Silver Sound Foundation | 136 Longwood Dr, Ingleside, IL 60041-8930 | IL | 2014-08 | $25,600 |
19 | Stellar Awards Gospel Music Academy Nc | 212 E Ohio Street, Chicago, IL 60611-3592 | IL | 2002-11 | $24,228 |
20 | Long Grove Arts & Music Council 2011 | 6324 Valley View Lane, Long Grove, IL 60047 | IL | 2012-02 | $20,899 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 4,730 |
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