Power Switch Nfp in Chicago, Illinois (IL)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Power Switch Nfp | |
| Employer Identification Number (EIN) | 453783078 |
| Name of Organization | Power Switch Nfp |
| In Care of Name | Kristy Kitzmiller |
| Address | 53 W Jackson Blvd, Chicago, IL 60604-3606 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 08/2012 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $6,314 |
| Amount of Income | $72,501 |
| Form 990 Revenue Amount | $72,501 |
| National Taxonomy of Exempt Entities (NTEE) | Environmental Quality, Protection and Beautification: Energy Resources Conservation and Development |
Non-representatives - add comments:
Amount of income in 2012: $72,501 (it was $0 in 2011)
| Power Switch Nfp: | $72,501 |
| Other organizations performing similar types of work: | $145,471 |
Assets in 2012: $6,314 (it was $48,356 in 2011)
| Power Switch Nfp: | $6,314 |
| Other organizations performing similar types of work: | $44,193 |
Expenses in 2012: $31,392
| Power Switch Nfp: | $31,392 |
| Other organizations performing similar types of work: | $120,472 |
Income to expenses ratio in 2012: 2.3
| This organization: | 2.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 91.6% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $25,001 | $1 | $1 | |
| Contributions, gifts, grants, etc., received | $25,000 | |||
| Interest on savings and temporary cash investments | $1 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $31,392 | $1 | $1 | $31,391 |
| Compensation of officers, directors, trustees, etc. | $29,417 | |||
| Total operating and administrative expenses | $31,392 | $1 | $31,391 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-6,391 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $29,624 | $29,624 |
| Cash - non-interest-bearing | $24,442 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $5,182 | |
| Total liabilities | $69,310 | |
| Mortgages and other notes payable | $0 | |
| Other | $69,310 | |
| Total liabilities and net assets/fund balances | $-39,686 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| 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 |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| 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 |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | 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 |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | 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 |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | 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 |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $22,267 |
| Net value of noncharitable-use assets | $10,900 |
| Minimum investment return | $545 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $31,391 | $33,295 | $0 | $0 | $64,686 |
| Value of all assets | $0 | $48,365 | $0 | $0 | $48,365 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $48,365 | $0 | $0 | $48,365 |
| 2/3 of minimum investment return | $363 | $114 | $0 | $0 | $477 |
| 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 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Illinois Clean Energy Community Foundation | 2 N La Salle St Ste 1140, Chicago, IL 60602-4092 | IL | 2001-12 | $59,758,131 |
| 2 | Sustainable Energy Utility Inc | 109 S State St, Dover, DE 19901-7313 | DE | 2009-06 | $29,183,305 |
| 3 | Elevate Energy | 322 S Green St Ste 300, Chicago, IL 60607-3544 | IL | 2013-06 | $10,339,882 |
| 4 | Clean Energy Trust | 2 N La Salle St Ste 1700, Chicago, IL 60602-4000 | IL | 2011-03 | $2,400,779 |
| 5 | Illinois Science And Energy Innovation Fund | 18 S Michigan Ave 12th Floor, Chicago, IL 60603-3200 | IL | 2013-11 | $152,000 |
| 6 | Institute For Sustainable Energy Development Nfp, Ised | 309 W Washington St Ste 800, Chicago, IL 60606-3223 | IL | 2014-07 | $121,995 |
| 7 | Power Switch Nfp | 53 W Jackson Blvd, Chicago, IL 60604-3606 | IL | 2012-08 | $72,501 |
| 8 | Freedom Field Renewable Energy Inc | 3333 Kishwaukee St Bldg 9, Rockford, IL 61109-2021 | IL | 2009-03 | $67,664 |
| 9 | Institute For The Study Of Energy And Our Future | PO BOX 803338 NO 40394, Chicago, IL 60680-3338 | IL | 2009-07 | $620 |
| 10 | Break The Gridlock | 2425 N Albany Ave, Chicago, IL 60647 | IL | 2009-03 | $0 |
| 11 | Chicago Clean Energy Alliance | 3015 White Pine Dr, Northbrook, IL 60602 | IL | 2011-07 | $0 |
| 12 | Community Energy Systems | 948 E Adams, Riverton, IL 62561 | IL | 2007-03 | $0 |
| 13 | Gcc Midwest Inc, Green Community Connections | 166 N Humphrey Ave Apt 1n, Oak Park, IL 60302-2579 | IL | 2015-01 | $0 |
| 14 | Gobi Energy Transformation Project | 1917 W Erie St, Chicago, IL 60622 | IL | 2011-07 | $0 |
| 15 | Metropolitan Energy Research Institute | 203 N La Salle St Ste 2100, Chicago, IL 60601-1226 | IL | 2013-06 | $0 |
| 16 | Naperville For Clean Energy And Conservation | 3835 Caine Court, Naperville, IL 60540 | IL | 2009-06 | $0 |
| 17 | Oec Inc | 20 N Michigan Ave Ste 400, Chicago, IL 60602-4828 | IL | 2015-01 | $0 |
| 18 | Roots - The Redwood Tree Organization Nfp Inc | 3122 Bernice Rd Apt 2b, Lansing, IL 60438-1691 | IL | 2014-12 | $0 |
| 19 | Spout Institute Inc | 509 W Riverbend Blvd, Mahomet, IL 61853 | IL | 2010-02 | $0 |
| 20 | Sustainable Springfield Inc | Po Box 9896, Springfield, IL 62791 | IL | 2015-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 683 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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