Swish Dreams Sports And Educational Foundation, Swish Dreams in Chicago, Illinois (IL)
Table of contents:
| Swish Dreams Sports And Educational Foundation, Swish Dreams | |
| Employer Identification Number (EIN) | 271025710 |
| Name of Organization | Swish Dreams Sports And Educational Foundation |
| Secondary Name | Swish Dreams |
| In Care of Name | Joshua Mercer |
| Address | 8137 S King Dr Apt G, Chicago, IL 60619-4911 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/2011 |
| 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 | 08/2013 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (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 |
Non-representatives - add comments:
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% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| 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 | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| 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 | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No | 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 | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No | 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 | No | No |
| 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? | No | No | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | No |
| 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 supported | 0 |
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | On The Help Line Inc, Bulldog Basketball Inc | 4216 Grand Ave, Western Sprgs, IL 60558-1434 | IL | 2013-04 | $266,727 |
| 2 | D 1 E Youth Sports Inc | 1347 W Washington Blvd Ste 1a, Chicago, IL 60607-1939 | IL | 2010-02 | $152,000 |
| 3 | Oswego Cobras Baseball Club | 2345 Pagosa Springs Dr, Aurora, IL 60503-6462 | IL | 2014-08 | $149,883 |
| 4 | Swish Dreams Sports And Educational Foundation, Swish Dreams | 8137 S King Dr Apt G, Chicago, IL 60619-4911 | IL | 2011-03 | $67,814 |
| 5 | Trevian Small Fry | 990 Kensington Dr, Northbrook, IL 60062-5975 | IL | 2003-11 | $64,539 |
| 6 | Southwestern Illinois Jet Basketball Club | PO BOX 168, Madison, IL 62060-0168 | IL | 2002-01 | $63,619 |
| 7 | Western B C Officials Inc | 785 W Roanoke Ct, Palatine, IL 60067-6000 | IL | 2004-11 | $35,879 |
| 8 | Streamwood Youth Basketball Association Inc | 167 N Spring St, Elgin, IL 60120-5541 | IL | 2000-02 | $34,707 |
| 9 | Vernon Hills Lady Cougars Feeder Basketball Ltd | 220 Knightsbridge Drive, Vernon Hills, IL 60060-3243 | IL | 2012-09 | $32,190 |
| 10 | Illinois Youth Basketball Association | 5200 Prairie Stone Parkway, Hoffman Estates, IL 60192 | IL | 2002-01 | $6,200 |
| 11 | Nbu Athletics Foundation Inc | 910 W Van Buren Ave Room 214, Chicago, IL 60607-3523 | IL | 2013-02 | $250 |
| 12 | All Evanston Basketball, Aeb | 2200 Crain St, Evanston, IL 60202-1013 | IL | 2011-03 | $0 |
| 13 | Big Shots Basketball | 3535 W Arcadia, Evanston, IL 60203 | IL | 2011-01 | $0 |
| 14 | Booth Baskeball Academy | 912 S Folkers Ave, Peoria, IL 61605-1343 | IL | 2015-03 | $0 |
| 15 | Bushnell Traveling Basketball Association Nfp | 11 Lakeview Drive, Bushnell, IL 61422 | IL | 2007-10 | $0 |
| 16 | Capital City Basketball Club | PO BOX 3462, Springfield, IL 62708-3462 | IL | 2005-07 | $0 |
| 17 | Carol Stream Youth Travel Basketball Association, Csytba | 420 Hunter Dr, Carol Stream, IL 60188-3907 | IL | 2014-09 | $0 |
| 18 | Chauncey Community Ball League | 6960 Bethany Ln, Sumner, IL 62466 | IL | 2014-09 | $0 |
| 19 | Chicago Blaze Charities | 4432 S Berkeley Ave, Chicago, IL 60653-3610 | IL | 2003-01 | $0 |
| 20 | Chicago Explosion Basketball Club | 4649 W Grace St, Chicago, IL 60641-2824 | IL | 2004-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,799 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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