Prosperity Gardens Inc in Champaign, Illinois (IL)
Table of contents:
| Prosperity Gardens Inc | |
| Employer Identification Number (EIN) | 455122703 |
| Name of Organization | Prosperity Gardens Inc |
| In Care of Name | Valerie Mcwilliams |
| Address | 302 N 1st St, Champaign, IL 61820-3710 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2013 |
| 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 | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $24,980 |
| Amount of Income | $68,508 |
| Form 990 Revenue Amount | $67,463 |
| National Taxonomy of Exempt Entities (NTEE) | Food, Agriculture and Nutrition: Agricultural Programs |
Non-representatives - add comments:
Amount of income in 2013: $68,508
| This organization: | $68,508 |
| Other organizations performing similar types of work: | $97,535 |
Assets in 2013: $24,980
| This organization: | $24,980 |
| Other organizations performing similar types of work: | $64,157 |
Expenses in 2013: $44,686
| Prosperity Gardens Inc: | $44,686 |
| Other organizations performing similar types of work: | $87,219 |
Income to expenses ratio in 2013: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 99.2%
| Prosperity Gardens Inc: | 99.2% |
| Other organizations performing similar types of work: | 0.9% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $67,463 |
| Contributions, gifts, grants, and similar amounts received | $66,910 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $553 |
| Gross sales of inventory, less returns and allowances | $1,598 |
| Less: cost of goods sold | $1,045 |
| Other revenue | $0 |
| Total expenses | $44,686 |
| Total net assets | $24,755 |
| Excess/Deficit for the year | $22,777 |
| Net assets or fund balances at beginning of year | $1,978 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $24,755 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $24,980 |
| Total liabilities | $225 |
| Net assets or fund balances | $24,755 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | 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 |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $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 |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $80,274 |
| Subtotal | $80,274 |
| Gifts, grants, contributions, and membership fees received | $74,971 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $2,303 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 | $3,000 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $80,274 |
| Public support | $80,274 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Biotechnology Research And Development Center | 801 W Main St, Peoria, IL 61606-1877 | IL | 2010-04 | $716,556 |
| 2 | South Lawrence Water Corporation | 3669 Sumner Rd, Sumner, IL 62466-4601 | IL | 2001-12 | $397,040 |
| 3 | Zea Mays Foundation | 14129 Carole Dr, Bloomington, IL 61705-6329 | IL | 2011-01 | $100,100 |
| 4 | Spence Farm Foundation | 2959 N 2060 E Rd, Fairbury, IL 61739 | IL | 2011-09 | $85,467 |
| 5 | Prosperity Gardens Inc | 302 N 1st St, Champaign, IL 61820-3710 | IL | 2013-11 | $68,508 |
| 6 | Illinois Livestock Development Group Inc | 1701 Towanda Ave, Bloomington, IL 61701 | IL | 2010-02 | $47,839 |
| 7 | Coles County Farm Bureau Foundation | 719 W Lincoln Ave, Charleston, IL 61920 | IL | 1993-12 | $30,236 |
| 8 | Illinois Angus Association | 248 County Road 2500 North, Mahomet, IL 61853 | IL | 2014-05 | $26,280 |
| 9 | Dairies In Developing Communities Inc | 647, South Elgin, IL 60177 | IL | 2011-03 | $11,000 |
| 10 | Green Pastures Living & Loving Learning Center Ltd | 1555 N Astor St Apt 21ne, Chicago, IL 60610-5764 | IL | 2014-08 | $28 |
| 11 | Adams County Pork Producers Inc | 1420 Harrison St, Quincy, IL 62301-6706 | IL | 2001-05 | $0 |
| 12 | Agriculture On The Move | 820 Concord Lane, Hoffman Estates, IL 60192-1808 | IL | 2012-03 | $0 |
| 13 | American Iris Society | 61 Laconwood Drive, Springfield, IL 62712 | IL | 2001-02 | $0 |
| 14 | American Iris Society | 535 Stanton Street, Lebanon, IL 62254 | IL | 2001-02 | $0 |
| 15 | Center For Small Farmer Commercialization Worldwide | 1254 Wendy Dr, Northbrook, IL 60062-4639 | IL | 1999-03 | $0 |
| 16 | Clinton County Holstein Club | 17645 Coles Creek Rd, Carlyle, IL 62231 | IL | 2012-03 | $0 |
| 17 | Common Greens | 302 E Oak Street, Carbondale, IL 62901 | IL | 2011-11 | $0 |
| 18 | Cropsey Mutal Water Corporation Nfp | 130 S Main St, Cropsey, IL 61731 | IL | 2004-04 | $0 |
| 19 | Franklin County Farm Bureau Foundation | P O Box 457, Benton, IL 62812 | IL | 1998-02 | $0 |
| 20 | Gan Project | 3003 W Touhy Ave, Chicago, IL 60645 | IL | 2011-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,568 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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