Rockets Foundation in Mount Carmel, Illinois (IL)
Table of contents:
Rockets Foundation | |
Employer Identification Number (EIN) | 900803486 |
Name of Organization | Rockets Foundation |
In Care of Name | Clayton Stevens |
Address | PO BOX 56, Mount Carmel, IL 62863-0056 |
Subsection | Charitable Organization |
Ruling Date | 08/2014 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Association |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2014 |
Assets | $25,000 to $99,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $34,573 |
Amount of Income | $56,525 |
Form 990 Revenue Amount | $39,575 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $56,525 (it was $26,321 in 2013)
This organization: | $56,525 |
Other organizations performing similar types of work: | $72,190 |
Assets in 2014: $34,573 (it was $18,134 in 2013)
Rockets Foundation: | $34,573 |
Other organizations performing similar types of work: | $42,723 |
Expenses in 2013: $24,820
This organization: | $24,820 |
Other organizations performing similar types of work: | $42,209 |
Income to expenses ratio in 2013: 2.3
This organization: | 2.3 |
Other organizations performing similar types of work: | 0.4 |
Grants share in income in 2013: 50.8%
Rockets Foundation: | 50.8% |
Other organizations performing similar types of work: | 4.7% |
Revenue for 2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
2012 | 2013 | |
---|---|---|
Total revenue | $34,251 | $26,321 |
Contributions, gifts, grants, and similar amounts received | $7,640 | $13,380 |
Program service revenue including government fees and contracts | $0 | $0 |
Membership dues and assessments | $0 | $0 |
Investment income | $0 | $0 |
Gain/Loss from sale of assets other than inventory | $0 | $0 |
Net income/loss from gaming and fundraising events | $26,611 | $12,941 |
Gross income from gaming | $0 | $0 |
Gross income from fundraising events | $37,338 | $23,904 |
Less: direct expenses from gaming and fundraising events | $10,727 | $10,963 |
Gross profit/loss from sales of inventory | $0 | $0 |
Other revenue | $0 | $0 |
Total expenses | $17,618 | $24,820 |
Total net assets | $16,633 | $18,134 |
Excess/Deficit for the year | $16,633 | $1,501 |
Net assets or fund balances at beginning of year | $0 | $16,633 |
Other changes in net assets or fund balances | $0 | $0 |
Net assets or fund balances at end of year | $16,633 | $18,134 |
Balance Sheets | ||
2012 | 2013 | |
---|---|---|
Total assets | $16,633 | $18,134 |
Total liabilities | $0 | $0 |
Net assets or fund balances | $16,633 | $18,134 |
Other Information | ||
2012 | 2013 | |
---|---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
Were any significant changes made to the organizing or governing documents? | No | No |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
Has the organization filed a Form 990-T for the year? | No | No |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
Amount of political expenditures, direct or indirect | $0 | $0 |
Did the organization file Form 1120-POL for this year? | No | 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 | No |
Total amount involved | $0 | $0 |
Initiation fees and capital contributions | $0 | $0 |
Gross receipts for public use of club facilities | $0 | $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 | No |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
Reason for Public Charity Status (for 2013) | |
The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public Support | $21,020 |
Subtotal Support | $21,020 |
Gifts, grants, contributions, and membership fees received | $21,020 |
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 | $0 |
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
Total Support | $21,020 |
Public Support | $21,020 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income. Do not include gain or loss from the sale of capital assets | $0 |
Gross receipts from related activities, etc. | $61,342 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Rotary International, South Hill Rotary Club | PO BOX 922, South Hill, VA 23970-0922 | VA | 2008-06 | $70,044 |
2 | Ada Schupp Foundation | 53 W Jackson Blvd Ste 820, Chicago, IL 60604-3486 | IL | 2014-04 | $1,741,918 |
3 | Walter And Phyllis Ann Borten Foundation | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 2010-08 | $1,172,155 |
4 | Morton Grove Days Commission | 6101 Capulina Ave, Morton Grove, IL 60053-2902 | IL | 2014-08 | $145,891 |
5 | Sweet Hope Chicago Nfp | 2504 N Orchard St Ste 1, Chicago, IL 60614-2512 | IL | 2004-03 | $107,732 |
6 | Mccormack Family Foundation | 6877 N Jean Ave, Chicago, IL 60646-1350 | IL | 2009-07 | $101,781 |
7 | Young Irish Fellowship Club Of Chicago Charities | C/O Old St Patricks Church 711 W, Chicago, IL 60661 | IL | 1999-12 | $86,556 |
8 | Whisper Memorial Foundation | 5532 Durand Dr, Downers Grove, IL 60515-4265 | IL | 2008-11 | $84,850 |
9 | Cook County Bar Association Bench & Bar Spouses | 4325 S Oakenwald Ave, Chicago, IL 60653-3705 | IL | 2008-12 | $66,803 |
10 | Kevin Meyer Memorial Foundation | 5323 Bundle Flower Ct, Naperville, IL 60564-4333 | IL | 2009-07 | $61,893 |
11 | Regular Grand Lodge Of Illinois | 1533 S Pulaski Rd, Chicago, IL 60623-1953 | IL | 2005-05 | $61,436 |
12 | Rockets Foundation | PO BOX 56, Mount Carmel, IL 62863-0056 | IL | 2014-08 | $56,525 |
13 | Wilmette Harbor Rotary Club Foundation | PO BOX 731, Wilmette, IL 60091-0731 | IL | 2005-09 | $53,975 |
14 | Silverman-Sutherland Family Foundation | 984 Spruce St, Winnetka, IL 60093-2217 | IL | 2000-12 | $50,014 |
15 | Friends Of Fred Inc | 10224 S Saint Louis Ave, Evergreen Pk, IL 60805-3728 | IL | 2011-04 | $46,874 |
16 | Sherry Lee Goldberg Cares Foundation Inc | 2801 Lakeside Dr Ste 300, Bannockburn, IL 60015-1275 | IL | 2014-09 | $46,296 |
17 | Sons & Daughters Of Italy In America | 904 S Roselle Rd, Schaumburg, IL 60193-3963 | IL | 2010-02 | $43,649 |
18 | Rotary Club Of Chicagoland Korean-Northbrook Charitable Proje | 2241 White Oak Dr, Northbrook, IL 60062-6359 | IL | 2009-12 | $31,310 |
19 | Books To Benefit | 223 Leland St, Bloomington, IL 61701 | IL | 2014-04 | $29,370 |
20 | Deerfield Lions Club Foundation | PO BOX 11, Deerfield, IL 60015-0011 | IL | 2008-08 | $27,358 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 3,544 |
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