Richard And Ellen Sandor Art Foundation 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
| Richard And Ellen Sandor Art Foundation | |
| Employer Identification Number (EIN) | 271518774 |
| Name of Organization | Richard And Ellen Sandor Art Foundation |
| In Care of Name | Eddie Chez |
| Address | 141 W Jackson 29th Floor, Chicago, IL 60604-2992 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $84,354 |
| Amount of Income | $17,400 |
| Form 990 Revenue Amount | $701 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Visual Arts Organizations |
Non-representatives - add comments:
Amount of income in 2012: $17,400 (it was $701 in 2011)
| This organization: | $17,400 |
| Other organizations performing similar types of work: | $50,352 |
Assets in 2012: $84,354 (it was $73,404 in 2011)
| Richard And Ellen Sandor Art Foundation: | $84,354 |
| Other organizations performing similar types of work: | $28,414 |
Expenses in 2012: $6,450
| This organization: | $6,450 |
| Other organizations performing similar types of work: | $39,961 |
Income to expenses ratio in 2012: 2.7
| Richard And Ellen Sandor Art Foundation: | 2.7 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2012: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 100.0% |
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 | $17,400 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $17,400 | |||
| 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 | $6,450 | $0 | $0 | $6,450 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $6,450 | $0 | $6,450 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $10,950 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $84,354 | $1,246,304 |
| Cash - non-interest-bearing | $3,304 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $81,050 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $84,354 | |
| 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 | $1,238,699 |
| Net value of noncharitable-use assets | $1,220,120 |
| Minimum investment return | $61,006 |
| 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 | $101 | $0 | $0 | $101 |
| Qualifying distributions made directly for active conduct of exempt activities | $6,450 | $5,227 | $11,127 | $0 | $22,804 |
| Value of all assets | $1 | $0 | $0 | $495,000 | $495,000 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $495,000 | $495,000 |
| 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 | $32,850 | $32,850 |
| 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 | The Rebuild Foundation | 6918 S Dorchester Ave, Chicago, IL 60637-4702 | IL | 2011-07 | $585,819 |
| 2 | Threewalls | 119 N Peoria St, Chicago, IL 60607-2395 | IL | 2004-03 | $477,315 |
| 3 | Driehaus Design Initiative | 25 E Erie St, Chicago, IL 60611-2735 | IL | 2010-04 | $415,939 |
| 4 | The Quad City Hitmen Baseball Association | PO BOX 111, Milan, IL 61264-0111 | IL | 1996-12 | $328,975 |
| 5 | Art Works Projects | 1074 W Taylor St Suite 113, Chicago, IL 60607-4336 | IL | 2010-02 | $191,838 |
| 6 | Avenue Of Lights Inc A-Not-For-Profit Corporation | 3215 Coral Dr, Quincy, IL 62301-7403 | IL | 2010-05 | $123,217 |
| 7 | Artists Cooperative Residency And Exhibitions Project, Acre | 1913 W 17th St, Chicago, IL 60608-2881 | IL | 2012-05 | $93,774 |
| 8 | Filter Photo Nfp | 516 Ogden Ave 255, Chicago, IL 60642-6421 | IL | 2014-02 | $93,360 |
| 9 | Trickster Art Gallery | 190 S Roselle Rd, Schaumburg, IL 60193-1647 | IL | 2013-12 | $68,270 |
| 10 | Weavers Guild Of The North Shore Nfp | 701 E Prospect Ave, Lake Bluff, IL 60044-2619 | IL | 2009-03 | $48,414 |
| 11 | Wifti Chicago | PO BOX 10067, Chicago, IL 60610-0067 | IL | 2006-11 | $26,390 |
| 12 | Richard And Ellen Sandor Art Foundation | 141 W Jackson 29th Floor, Chicago, IL 60604-2992 | IL | 2010-05 | $17,400 |
| 13 | Plainfield Area Community Chorus | 15335 Michael Drive, Plainfield, IL 60544 | IL | 2004-04 | $4,342 |
| 14 | American Israeli Partnership For The Arts Inc | 400 E Ohio 1002, Chicago, IL 60611 | IL | 2004-12 | $0 |
| 15 | American People Project | 305 Saint Louis Avenue, Rockford, IL 61104 | IL | 2007-05 | $0 |
| 16 | Anatomically Correct | 5254 Enfield, Skokie, IL 60077 | IL | 1999-10 | $0 |
| 17 | Aorta Transformata Inc | 4552 N Claremont Unit 1, Chicago, IL 60625 | IL | 2010-11 | $0 |
| 18 | Art For All | Po Box 6580, Elgin, IL 60121-6580 | IL | 2000-01 | $0 |
| 19 | Associated Artists Of Central Illinois Inc | 12818 N 200th Street, Wheeler, IL 62479 | IL | 2005-11 | $0 |
| 20 | Awakenings Project | 303 E National St, West Chicago, IL 60185 | IL | 2004-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,528 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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