Swish Dreams Sports And Educational Foundation, Swish Dreams in Chicago, Illinois (IL)

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Swish Dreams Sports And Educational Foundation, Swish Dreams
Employer Identification Number (EIN)271025710
Name of OrganizationSwish Dreams Sports And Educational Foundation
Secondary NameSwish Dreams
In Care of NameJoshua Mercer
Address8137 S King Dr Apt G, Chicago, IL 60619-4911
SubsectionCharitable Organization, Educational Organization
Ruling Date03/2011
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2013
Assets$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$7,759
Amount of Income$67,814
Form 990 Revenue Amount$63,406
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Basketball


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Amount of income in 2013: $67,814 (it was $103,923 in 2012)
Swish Dreams Sports And Educational Foundation, Swish Dreams: 

 $67,814
Other organizations performing similar types of work: 

 $64,577

Assets in 2013: $7,759 (it was $23,754 in 2012)
This organization: 

 $7,759
Other organizations performing similar types of work: 

 $12,347

Expenses in 2013: $79,401
This organization: 

 $79,401
Other organizations performing similar types of work: 

 $60,846

Income to expenses ratio in 2013: 0.9
Swish Dreams Sports And Educational Foundation, Swish Dreams: 

 0.9
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 25.0%
This organization: 

 25.0%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2010201120122013
Total revenue$60,099$119,112$103,923$63,406
Contributions, gifts, grants, and similar amounts received$45,256$13,545$16,212$15,866
Program service revenue including government fees and contracts$11,250$61,438$46,895$32,849
Membership dues and assessments$0$0$0$0
Investment income$0$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0$0
Net income/loss from gaming and fundraising events$3,593$2,187$816$2,149
Gross income from gaming$0$0$0$0
Gross income from fundraising events$16,232$7,763$5,500$6,557
Less: direct expenses from gaming and fundraising events$12,639$5,576$4,684$4,408
Gross profit/loss from sales of inventory$0$0$0$0
Other revenue$0$41,942$40,000$12,542
Total expenses$59,081$105,661$95,673$79,401
Total net assets$2,053$15,504$23,754$7,759
Excess/Deficit for the year$1,018$13,451$8,250$-15,995
Net assets or fund balances at beginning of year$1,035$2,053$15,504$23,754
Other changes in net assets or fund balances$0$0$0$0
Net assets or fund balances at end of year$2,053$15,504$23,754$7,759
Balance Sheets
2010201120122013
Total assets$2,053$15,504$23,754$7,759
Total liabilities$0$0$0$0
Net assets or fund balances$2,053$15,504$23,754$7,759
Other Information
2010201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNoNo
Amount of political expenditures, direct or indirect$0$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNoNo
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?NoNoNoNo
Total amount involved$0$0$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?NoNoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNoNo
Reason for Public Charity Status (for 2013)
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$355,641
Subtotal$355,641
Gifts, grants, contributions, and membership fees received$203,209
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$152,432
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$356,625
Public support$355,641
Subtotal$984
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$984
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
IdNameAddressStateEstablishedTotal Income
1On The Help Line Inc, Bulldog Basketball Inc4216 Grand Ave, Western Sprgs, IL 60558-1434IL2013-04$266,727
2D 1 E Youth Sports Inc1347 W Washington Blvd Ste 1a, Chicago, IL 60607-1939IL2010-02$152,000
3Oswego Cobras Baseball Club2345 Pagosa Springs Dr, Aurora, IL 60503-6462IL2014-08$149,883
4Swish Dreams Sports And Educational Foundation, Swish Dreams8137 S King Dr Apt G, Chicago, IL 60619-4911IL2011-03$67,814
5Trevian Small Fry990 Kensington Dr, Northbrook, IL 60062-5975IL2003-11$64,539
6Southwestern Illinois Jet Basketball ClubPO BOX 168, Madison, IL 62060-0168IL2002-01$63,619
7Western B C Officials Inc785 W Roanoke Ct, Palatine, IL 60067-6000IL2004-11$35,879
8Streamwood Youth Basketball Association Inc167 N Spring St, Elgin, IL 60120-5541IL2000-02$34,707
9Vernon Hills Lady Cougars Feeder Basketball Ltd220 Knightsbridge Drive, Vernon Hills, IL 60060-3243IL2012-09$32,190
10Illinois Youth Basketball Association5200 Prairie Stone Parkway, Hoffman Estates, IL 60192IL2002-01$6,200
11Nbu Athletics Foundation Inc910 W Van Buren Ave Room 214, Chicago, IL 60607-3523IL2013-02$250
12All Evanston Basketball, Aeb2200 Crain St, Evanston, IL 60202-1013IL2011-03$0
13Big Shots Basketball3535 W Arcadia, Evanston, IL 60203IL2011-01$0
14Booth Baskeball Academy912 S Folkers Ave, Peoria, IL 61605-1343IL2015-03$0
15Bushnell Traveling Basketball Association Nfp11 Lakeview Drive, Bushnell, IL 61422IL2007-10$0
16Capital City Basketball ClubPO BOX 3462, Springfield, IL 62708-3462IL2005-07$0
17Carol Stream Youth Travel Basketball Association, Csytba420 Hunter Dr, Carol Stream, IL 60188-3907IL2014-09$0
18Chauncey Community Ball League6960 Bethany Ln, Sumner, IL 62466IL2014-09$0
19Chicago Blaze Charities4432 S Berkeley Ave, Chicago, IL 60653-3610IL2003-01$0
20Chicago Explosion Basketball Club4649 W Grace St, Chicago, IL 60641-2824IL2004-06$0
Number of organizations performing similar types of work
Alaska8
Alabama27
Arkansas21
Arizona44
California274
Colorado55
Connecticut44
District of Columbia10
Delaware6
Florida162
Georgia87
Hawaii13
Iowa17
Idaho8
Illinois113
Indiana61
Kansas18
Kentucky27
Louisiana26
Massachusetts79
Maryland78
Maine8
Michigan65
Minnesota95
Missouri56
Mississippi8
Montana5
North Carolina90
North Dakota1
Nebraska21
New Hampshire12
New Jersey109
New Mexico16
Nevada18
New York159
Ohio112
Oklahoma29
Oregon49
Pennsylvania95
Rhode Island9
South Carolina29
South Dakota5
Tennessee53
Texas239
Utah10
Virginia90
Vermont5
Washington99
Wisconsin104
West Virginia21
Wyoming4
International5
Total2,799

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