Stellar Awards Gospel Music Academy Nc 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
Stellar Awards Gospel Music Academy Nc | |
Employer Identification Number (EIN) | 043673905 |
Name of Organization | Stellar Awards Gospel Music Academy Nc |
In Care of Name | Erma Gray Davis |
Address | 212 E Ohio Street, Chicago, IL 60611-3592 |
Subsection | Charitable Organization |
Ruling Date | 11/2002 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2012 |
Assets | $10,000 to $24,999 |
Income | $10,000 to $24,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $24,927 |
Amount of Income | $24,228 |
Form 990 Revenue Amount | $26,609 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music |
Non-representatives - add comments:
Amount of income in 2012: $24,228 (it was $26,609 in 2011)
This organization: | $24,228 |
Other organizations performing similar types of work: | $51,420 |
Assets in 2012: $24,927 (it was $42,589 in 2011)
This organization: | $24,927 |
Other organizations performing similar types of work: | $15,938 |
Expenses in 2012: $40,300
This organization: | $40,300 |
Other organizations performing similar types of work: | $45,736 |
Income to expenses ratio in 2012: 0.6
Stellar Awards Gospel Music Academy Nc: | 0.6 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
This organization: | 0.0% |
Other organizations performing similar types of work: | 5.6% |
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 | $24,228 | $0 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
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 | $24,228 | |||
Total expenses and disbursements | $40,300 | $0 | $0 | $40,300 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $40,300 | $0 | $40,300 | |
Contributions, gifts, grants paid | $0 | |||
Excess of revenue over expenses and disbursements | $-16,072 | |||
Net investment income | $0 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $24,927 | $24,927 |
Cash - non-interest-bearing | $4,140 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $20,787 | |
Total liabilities | $86,075 | |
Mortgages and other notes payable | $0 | |
Other | $86,075 | |
Total liabilities and net assets/fund balances | $-61,148 |
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 | $0 |
Net value of noncharitable-use assets | $0 |
Minimum investment return | $0 |
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 | $0 | $0 | $261 | $261 |
Qualifying distributions made directly for active conduct of exempt activities | $40,300 | $0 | $35,699 | $10,000 | $85,999 |
Value of all assets | $1 | $0 | $0 | $0 | $1 |
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 | Music Academy Nfp | 226 S 2nd St, Rockford, IL 61104-2064 | IL | 2011-06 | $496,687 |
2 | Third Coast Percussion Nfp | 4045 N Rockwell St No 301, Chicago, IL 60618-3720 | IL | 2009-04 | $354,765 |
3 | Rush Hour Concerts At St James Cathedral | 650 N Dearborn St Ste 500, Chicago, IL 60654-5357 | IL | 2014-10 | $348,394 |
4 | Baroque Band | 30 E Adams St Ste 1201, Chicago, IL 60603-5693 | IL | 2007-06 | $170,083 |
5 | Newberry Consort Nfp | 6530 N Greenview Ave, Chicago, IL 60626-5008 | IL | 2009-09 | $118,621 |
6 | William Ferris Chorale | 1032 W Sheridan Rd, Chicago, IL 60660-1537 | IL | 1975-05 | $110,752 |
7 | Musical Arts Institute | 9244 S Lafaytte Ave, Chicago, IL 60620-1406 | IL | 2010-06 | $107,641 |
8 | Skokie Theatre Music Foundation Inc | 7924 Lincoln Ave, Skokie, IL 60077-3609 | IL | 2002-11 | $96,129 |
9 | Bravo Waukegan | 400 E Illinois Road, Lake Foresrt, IL 60045 | IL | 2011-03 | $89,291 |
10 | Sadhana Inc Nfp | 15251 Timber Ridge Ct, Orland Park, IL 60467-7347 | IL | 2005-08 | $84,427 |
11 | St Petersburg Chamber Philharmonic | 4525 Woodland Ave, Western Sprgs, IL 60558-1506 | IL | 2003-06 | $75,292 |
12 | Ortegon Music Studio Nfp | 3431 N Claremont Ave, Chicago, IL 60618-6003 | IL | 2015-04 | $64,113 |
13 | North Shore Music Alliance Inc, North Shore Chamber Music Festival | 3065 Pheasant Creek Drive, Northbrook, IL 60062 | IL | 2010-05 | $56,736 |
14 | Vox 3 Collective Inc Nfp | 4618 N Racine Unit 7, Chicago, IL 60640 | IL | 2009-02 | $52,775 |
15 | Michael J Murphy Music Scholarship Fund | 11665 S Rogowski Drive, Merrionette Park, IL 60803 | IL | 2009-08 | $40,782 |
16 | Bach And Beyond | 4740 N Western Ave, Chicago, IL 60625-2013 | IL | 2004-10 | $38,107 |
17 | Elmhurst Mens Chorus Inc | 121 Hudson Ct, Naperville, IL 60565-6346 | IL | 2013-01 | $26,696 |
18 | Silver Sound Foundation | 136 Longwood Dr, Ingleside, IL 60041-8930 | IL | 2014-08 | $25,600 |
19 | Stellar Awards Gospel Music Academy Nc | 212 E Ohio Street, Chicago, IL 60611-3592 | IL | 2002-11 | $24,228 |
20 | Long Grove Arts & Music Council 2011 | 6324 Valley View Lane, Long Grove, IL 60047 | IL | 2012-02 | $20,899 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 4,730 |
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