Prayer Praise & Peace International Incorporation in Park Forest, 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
| Prayer Praise & Peace International Incorporation | |
| Employer Identification Number (EIN) | 364478567 |
| Name of Organization | Prayer Praise & Peace International Incorporation |
| In Care of Name | Joshua Oni |
| Address | 242 Fir St, Park Forest, IL 60466-1717 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2010 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,350 |
| Amount of Income | $32,000 |
| Form 990 Revenue Amount | $32,000 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community Coalitions |
Non-representatives - add comments:
Amount of income in 2010: $32,000 (it was $0 in 2008)
| Prayer Praise & Peace International Incorporation: | $32,000 |
| Other organizations performing similar types of work: | $54,333 |
Assets in 2010: $1,350 (it was $4,500 in 2008)
| Prayer Praise & Peace International Incorporation: | $1,350 |
| Other organizations performing similar types of work: | $24,072 |
Expenses in 2010: $32,300
| This organization: | $32,300 |
| Other organizations performing similar types of work: | $47,939 |
Income to expenses ratio in 2010: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2010: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 99.8% |
| Analysis of Revenue and Expenses (for 2010) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $32,000 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $32,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $32,300 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $32,300 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-300 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2010) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,350 | $1,350 |
| Cash - non-interest-bearing | $1,350 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1,350 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,350 | |
| Total liabilities and net assets/fund balances | $0 | |
| Capital Gains and Losses for Tax on Investment Income (for 2010) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2010) | |
| 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 |
| Amount to be credited to 2011 estimated tax | $0 |
| Statements Regarding Activities (for 2010) | |
| 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 2010 or the taxable year beginning in 2010? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2010) | |
| 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 2010, did the foundation have any undistributed income for tax year(s) beginning before 2010? | 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 2010) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2010) | |
| Distributable amount | $0 |
| Undistributed Income (for 2010) | |
| Distributable amount for 2010 | $0 |
| Undistributed income for 2010. This amount must be distributed in 2011 | $0 |
| Private Operating Foundations (for 2010) | |||||
| 2010 | 2009 | 2008 | 2007 | Total | |
|---|---|---|---|---|---|
| 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 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Illinois Housing Council | 4711 Golf Rd Ste 200, Skokie, IL 60076-1236 | IL | 2008-04 | $288,200 |
| 2 | Work Welfare And Families | 166 W Washington St Ste 700, Chicago, IL 60602-2300 | IL | 2000-01 | $228,033 |
| 3 | Waukegan Regional Air Show, Na | 3580 N Mcaree Road, Waukegan, IL 60087 | IL | 2006-08 | $120,388 |
| 4 | Streeterville Organization Of Active Residents | 244 E Pearson St, Chicago, IL 60611-2577 | IL | 2000-08 | $118,057 |
| 5 | Rockford Sharefest Inc | 1280 S Alpine Rd, Rockford, IL 61108-3946 | IL | 2009-01 | $63,820 |
| 6 | St Libory Commercial Club | Po Box 111, St Libory, IL 62282 | IL | 2004-02 | $49,639 |
| 7 | Prayer Praise & Peace International Incorporation | 242 Fir St, Park Forest, IL 60466-1717 | IL | 2002-09 | $32,000 |
| 8 | Norway Imporvement League | 2654 N Illinois 71, Sheridan, IL 60551-9715 | IL | 2014-01 | $23,347 |
| 9 | We Will Stand | PO BOX 721, Bourbonnais, IL 60914-0721 | IL | 2003-10 | $1 |
| 10 | 4600 Block Club On Adams | 4635 W Adams St, Chicago, IL 60644-4632 | IL | 2014-08 | $0 |
| 11 | Bridges | 458 E 1350 North Rd, Pawnee, IL 62558-5031 | IL | 1999-02 | $0 |
| 12 | Calumet Region Cluster Org | PO BOX 286547, Chicago, IL 60628-0547 | IL | 2001-03 | $0 |
| 13 | Chicago Southwest Block Club Coalition | 9947 S Morgan Street, Chicago, IL 60643-2218 | IL | 2003-05 | $0 |
| 14 | Cicero Area Project | 5243 1/2 W 25th St, Cicero, IL 60804 | IL | 2014-10 | $0 |
| 15 | Citizens Action Project | P O Box 932, Grayslake, IL 60030 | IL | 2008-02 | $0 |
| 16 | Citizens For Responsible And Appropriate Development In Lisle | P O Box 3547, Lisle, IL 60532 | IL | 1999-03 | $0 |
| 17 | Coalicion Latinos Unidos De Lake County, Latino Coalition Of Lake County | Po Box 174, Gurnee, IL 60031 | IL | 2002-10 | $0 |
| 18 | Coalition Of Neighborhood Organizations | 356 E Holiday Drive, Decatur, IL 62526 | IL | 1999-08 | $0 |
| 19 | Community Relations Council Of Brainerd, None None | 9000 S Throop St, Chicago, IL 60620 | IL | 1994-09 | $0 |
| 20 | Disabled American Veterans Franklin County Chapter 51 | 104 E Market St, Christopher, IL 62822 | IL | 2014-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,698 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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