Saltcreek American Art Foundation in La Grange Pk, Illinois (IL)
Table of contents:
| Saltcreek American Art Foundation | |
| Employer Identification Number (EIN) | 202955903 |
| Name of Organization | Saltcreek American Art Foundation |
| In Care of Name | Joyce Fitch |
| Address | 626 N Park Rd, La Grange Pk, IL 60526-5519 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2006 |
| 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 | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $55,901 |
| Amount of Income | $1,812 |
| Form 990 Revenue Amount | $1,812 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Art Museums |
Non-representatives - add comments:
Amount of income in 2014: $1,812 (it was $2,326 in 2013)
| Saltcreek American Art Foundation: | $1,812 |
| Other organizations performing similar types of work: | $85,415 |
Assets in 2014: $55,901 (it was $62,069 in 2013)
| Saltcreek American Art Foundation: | $55,901 |
| Other organizations performing similar types of work: | $116,686 |
Expenses in 2014: $7,980
| Saltcreek American Art Foundation: | $7,980 |
| Other organizations performing similar types of work: | $69,526 |
Income to expenses ratio in 2014: 0.2
| This organization: | 0.2 |
| Other organizations performing similar types of work: | 1.7 |
Grants share in income in 2014: 37.0%
| This organization: | 37.0% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $10,436 | $2,717 | $2,326 | $1,812 |
| Contributions, gifts, grants, and similar amounts received | $9,564 | $1,140 | $1,690 | $670 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $722 | $1,252 | $613 | $1,120 |
| Investment income | $25 | $25 | $23 | $22 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $125 | $300 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $7,361 | $5,387 | $4,281 | $7,980 |
| Total net assets | $66,694 | $64,024 | $62,069 | $55,901 |
| Excess/Deficit for the year | $3,075 | $-2,670 | $-1,955 | $-6,168 |
| Net assets or fund balances at beginning of year | $63,619 | $66,694 | $64,024 | $62,069 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $62,069 | $55,901 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $66,694 | $64,024 | $62,069 | $55,901 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $66,694 | $64,024 | $62,069 | $55,901 |
| Other Information | ||||
| 2011 | 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 | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $24,707 |
| Subtotal Support | $24,707 |
| Gifts, grants, contributions, and membership fees received | $24,707 |
| 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 | $25,328 |
| Public Support | $24,707 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $96 |
| 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 | $525 |
| Gross receipts from related activities, etc. | $1,142 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Union Street Gallery | 1527 Otto Blvd, Chicago Hts, IL 60411-3442 | IL | 2005-05 | $132,314 |
| 2 | Sacred Space International | 70 E Lake St Ste 205, Chicago, IL 60601-7648 | IL | 2003-06 | $84,671 |
| 3 | Addison Center For The Arts | 213 N Lombard Road, Addison, IL 60101 | IL | 1995-03 | $49,999 |
| 4 | Museum Of Universal Self-Expression Inc | 2009 S Laflin, Chicago, IL 60608 | IL | 2004-11 | $31,617 |
| 5 | Saltcreek American Art Foundation | 626 N Park Rd, La Grange Pk, IL 60526-5519 | IL | 2006-02 | $1,812 |
| 6 | Frederick Hart Foundation | 305 Era Dr, Northbrook, IL 60062-1801 | IL | 2010-11 | $1,528 |
| 7 | Tessler Heritage Foundation | 900 W Jackson Blvd Fl 8, Chicago, IL 60607-3741 | IL | 2009-06 | $940 |
| 8 | Abraham Lincoln Walker Foundation | 1524 Saint Louis Ave, E Saint Louis, IL 62201-3230 | IL | 1996-02 | $0 |
| 9 | Agia Sophia Icon Museum Inc | 407 S Dearborn St Ste 600, Chicago, IL 60605-1115 | IL | 2004-01 | $0 |
| 10 | Applied Interactives Nfp | 4248 N Lamon Ave Apt 3b, Chicago, IL 60641-1631 | IL | 2003-10 | $0 |
| 11 | Artists Cooperative Of Savanna Nfp, 321 Art Gallery | 321 Main Street, Savanna, IL 61074 | IL | 2009-05 | $0 |
| 12 | Chicago Design Museum | 2332 N Spaulding Ave Apt 2a, Chicago, IL 60647-2553 | IL | 2014-10 | $0 |
| 13 | Coalition For Developing 95th Street Corridor | 349 W 93rd St, Chicago, IL 60620-1503 | IL | 2003-03 | $0 |
| 14 | Expressions Graphics Workshops Inc | 29 W Harrison Street, Oak Park, IL 60304 | IL | 1997-09 | $0 |
| 15 | Friends Of The Rockford Art Museum, Foram | 711 N Mian, Rockford, IL 61103-7204 | IL | 1995-08 | $0 |
| 16 | Gallery E G G | 1474 W Hubbard St 2nd Fl, Chicago, IL 60622-6341 | IL | 1996-09 | $0 |
| 17 | Liturgical Arts Festival Of Springfield Inc | Po Box 1622, Springfield, IL 62705-1622 | IL | 1995-11 | $0 |
| 18 | M5 Artists Collective | 845 W Fulton Market Ste 302, Chicago, IL 60607-1315 | IL | 2002-10 | $0 |
| 19 | Moore Hope Organization Inc | 13903 Trillium Ln, Plainfield, IL 60544-7505 | IL | 2010-10 | $0 |
| 20 | Poor Farm Exhibitions And Press Incorporated | 125 North Harvey Avenue, Oak Park, IL 60302 | IL | 2009-09 | $0 |
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