Rotary Club Of Mchenry Charitable Foundation Inc in Mchenry, Illinois (IL)
Table of contents:
| Rotary Club Of Mchenry Charitable Foundation Inc | |
| Employer Identification Number (EIN) | 262442569 |
| Name of Organization | Rotary Club Of Mchenry Charitable Foundation Inc |
| Address | 5400 West Elm Street, Mchenry, IL 60050-4010 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2009 |
| 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 | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $88,267 |
| Amount of Income | $36,151 |
| Form 990 Revenue Amount | $36,151 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2014: $36,151 (it was $32,742 in 2013)
| This organization: | $36,151 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2014: $88,267 (it was $67,036 in 2013)
| Rotary Club Of Mchenry Charitable Foundation Inc: | $88,267 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2014: $23,920
| This organization: | $23,920 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2014: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2014: 68.7%
| Rotary Club Of Mchenry Charitable Foundation Inc: | 68.7% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $11,251 | $32,742 | $36,151 |
| Contributions, gifts, grants, and similar amounts received | $10,700 | $25,000 | $24,845 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $551 | $7,742 | $11,286 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $20 |
| Total expenses | $14,109 | $6,310 | $23,920 |
| Total net assets | $37,604 | $64,036 | $76,267 |
| Excess/Deficit for the year | $-2,858 | $26,432 | $12,231 |
| Net assets or fund balances at beginning of year | $40,462 | $37,604 | $64,036 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $64,036 | $76,267 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $43,604 | $67,036 | $88,267 |
| Total liabilities | $6,000 | $3,000 | $12,000 |
| Net assets or fund balances | $37,604 | $64,036 | $76,267 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $122,126 |
| Subtotal | $122,126 |
| Gifts, grants, contributions, and membership fees received | $122,106 |
| 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 | $20 |
| 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 | $0 |
| 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 | $141,809 |
| Public support | $122,126 |
| Subtotal | $19,683 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $19,683 |
| 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 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | Cord Vanderpool Foundation | 10470 163rd Pl, Orland Park, IL 60467-5445 | IL | 2007-05 | $4,814,463 |
| 5 | Kankakee Community College Foundation | 100 College Dr, Kankakee, IL 60901-6505 | IL | 2009-09 | $4,148,181 |
| 6 | Foundation For The Realization Of Human Potential Nfp, Wright Foundation For Transformational Leadership | 445 E Ohio Street Ste 400, Chicago, IL 60611 | IL | 2008-07 | $1,458,948 |
| 7 | Craig And Donna Bernfield Family Foundation Tr, Craig Bernfield Ttee | 1755 Overland Trl, Deerfield, IL 60015-1811 | IL | 2010-11 | $1,414,007 |
| 8 | Leave No Veteran Behind | 19 S Lasalle Ste 500, Chicago, IL 60603 | IL | 2008-11 | $1,307,762 |
| 9 | Magnetar Capital Foundation | 1603 Orrington Ave Ste 1300, Evanston, IL 60201-5018 | IL | 2012-12 | $1,173,552 |
| 10 | Kehillah Jewish Education Fund | 8180 Mccormick Boulevard, Skokie, IL 60076 | IL | 2009-11 | $1,155,438 |
| 11 | Gce Foundation | 1535 N Dayton St, Chicago, IL 60642-8054 | IL | 2012-02 | $1,103,935 |
| 12 | True Value Foundation | 8600 Bryn Mawr Ave, Chicago, IL 60631-3579 | IL | 2008-08 | $1,013,383 |
| 13 | Guaranteed Rate Foundation Nfp | 1800 W Larchmont Ave Ste 2, Chicago, IL 60613-2448 | IL | 2014-02 | $690,139 |
| 14 | Wayne City High School Scholarship Foundation | PO BOX 457, Wayne City, IL 62895-0457 | IL | 2002-01 | $680,008 |
| 15 | Providence Englewood Charter School Foundation | 515 Essex Road, Kenilworth, IL 60043 | IL | 2012-01 | $646,921 |
| 16 | Omega Uplift Foundation N F P | 8550 So Manistee Ave, Chicago, IL 60617 | IL | 2006-06 | $550,000 |
| 17 | Future Founders Foundation | 600 W Chicago Ave Ste 700, Chicago, IL 60654-2521 | IL | 2012-04 | $533,097 |
| 18 | Looser Flake Charitable Foundationnfp | 3551-7th St, Moline, IL 61265-6156 | IL | 2009-08 | $484,739 |
| 19 | Evanston Scholars | Po Box 7044, Evanston, IL 60201-7044 | IL | 2011-07 | $371,422 |
| 20 | The Home For Bible Translators In Jerusalem Inc | 1450 Webster Ln, Des Plaines, IL 60018-1422 | IL | 2004-11 | $333,104 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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