Randy Wells Foundation 36 in Belleville, 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
| Randy Wells Foundation 36 | |
| Employer Identification Number (EIN) | 272983250 |
| Name of Organization | Randy Wells Foundation 36 |
| In Care of Name | Angela Daubach |
| Address | 2 Red Fox Rd, Belleville, IL 62223-2238 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,151 |
| Amount of Income | $99,891 |
| Form 990 Revenue Amount | $99,891 |
| National Taxonomy of Exempt Entities (NTEE) | Diseases, Disorders, Medical Disciplines: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2011: $99,891 (it was $147,748 in 2010)
| Randy Wells Foundation 36: | $99,891 |
| Other organizations performing similar types of work: | $63,282 |
Assets in 2011: $3,151 (it was $10,519 in 2010)
| This organization: | $3,151 |
| Other organizations performing similar types of work: | $31,552 |
Expenses in 2011: $107,259
| Randy Wells Foundation 36: | $107,259 |
| Other organizations performing similar types of work: | $40,991 |
Income to expenses ratio in 2011: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 3.3 |
Grants share in income in 2011: 21.5%
| Randy Wells Foundation 36: | 21.5% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2011
Expenses for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $99,891 | $0 | $78,391 | |
| Contributions, gifts, grants, etc., received | $21,500 | |||
| 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 | $78,391 | |||
| Total expenses and disbursements | $107,259 | $0 | $0 | $107,259 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $83,772 | $0 | $83,772 | |
| Contributions, gifts, grants paid | $23,487 | |||
| Excess of revenue over expenses and disbursements | $-7,368 | |||
| Net investment income | $0 | |||
| Adjusted net income | $78,391 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,151 | $3,151 |
| Cash - non-interest-bearing | $3,151 | |
| 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 | $0 | |
| Total liabilities and net assets/fund balances | $3,151 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| 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 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $12,938 |
| Net value of noncharitable-use assets | $12,740 |
| Minimum investment return | $637 |
| Distributable Amount (for 2011) | |
| Distributable amount | $637 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $637 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Danny Did Foundation | 6282 N Leona Ave, Chicago, IL 60646-4830 | IL | 2010-04 | $1,169,714 |
| 2 | American Friends Of Gateshead Talmudical College | 5359 N Bernard St, Chicago, IL 60625-4703 | IL | 2014-01 | $341,519 |
| 3 | Dancing With Chicago Celebrities | 116 W Illnois, Chicago, IL 60654-6565 | IL | 2012-09 | $267,692 |
| 4 | A Giving Heart Foundation | 25 E Superior St Apt 3005, Chicago, IL 60611-2646 | IL | 2011-11 | $163,540 |
| 5 | Spinal Cord Injury Sucks Nfp | 21 E Huron St Apt 3104, Chicago, IL 60611-3935 | IL | 2008-07 | $121,792 |
| 6 | Randy Wells Foundation 36 | 2 Red Fox Rd, Belleville, IL 62223-2238 | IL | 2010-10 | $99,891 |
| 7 | Dani Lococo Foundation | 21567 W Hampshire Pl, Mundelein, IL 60060-9128 | IL | 2010-11 | $71,342 |
| 8 | Janice Mcardle Cancer Research Foundation Inc | 3575 Scottsdale Cir, Naperville, IL 60564-4631 | IL | 2011-05 | $60,907 |
| 9 | Elgin Cosmopolitan Club | PO BOX 6166, Elgin, IL 60121-6166 | IL | 2012-11 | $57,663 |
| 10 | Borrowed Time 151 Charitable Foundation | 852 Autumn Rise Ln, Columbia, IL 62236-2873 | IL | 2012-12 | $36,798 |
| 11 | Royal Ball Run For Autism Inc | 8814 33rd St W, Rock Island, IL 61201-7500 | IL | 2013-11 | $36,213 |
| 12 | Tony Derosa Foundation | 1041 Linden Ave, Wilmette, IL 60091-2727 | IL | 2001-05 | $7,076 |
| 13 | Different Shades Of Pink | 4550 S Lake Park Ste Ll, Chicago, IL 60653-4603 | IL | 2012-06 | $3,229 |
| 14 | Angel Gabriel Foundation | 1005 Washington Blvd Apt 1b, Oak Park, IL 60302 | IL | 2013-04 | $0 |
| 15 | Ann & Raymond Gath Memorial Foundation Nfp | 2 E Oak St 1810, Chicago, IL 60611 | IL | 2010-08 | $0 |
| 16 | Bella Soul Nfp | 419 Zook Ct, Metamora, IL 61548 | IL | 2014-09 | $0 |
| 17 | Cancer Smashers Inc | 1023 W 55th St, Lagrange, IL 60525 | IL | 2013-04 | $0 |
| 18 | Chicago Blood Cancer Foundation | 123 N Wacker Dr Ste 1800, Chicago, IL 60606-1770 | IL | 2010-04 | $0 |
| 19 | Crop For A Cause | 126 Amherst Dr, Bartlett, IL 60103 | IL | 2012-07 | $0 |
| 20 | Elizabeth Stavros Memorial Fund Inc | 128 Coolidge Ave, Barrington, IL 60010 | IL | 2006-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,359 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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