Foundation For Homan Square in Oak Brook, 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
- Other organizations in Illinois
| Foundation For Homan Square | |
| Employer Identification Number (EIN) | 364032118 |
| Name of Organization | Foundation For Homan Square |
| In Care of Name | Harold D Shapiro President |
| Address | 2211 York Rd Ste 207, Oak Brook, IL 60523-4020 |
| Activities | Area development, redevelopment of renewal |
| Subsection | Charitable Organization |
| Ruling Date | 10/1996 |
| Deductibility | Contributions are not deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Organization terminating its private foundation status under section 507(b)(1)(B) of the Code |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $35,717,070 |
| Amount of Income | $344,039 |
| Form 990 Revenue Amount | $344,039 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General) |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1,858,794 | $193,485 | $0 | |
| Contributions, gifts, grants, etc., received | $1,650,000 | |||
| Interest on savings and temporary cash investments | $149,139 | |||
| Dividends and interest from securities | $1,054 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $15,309 | |||
| Other | $43,292 | |||
| Total expenses and disbursements | $1,855,626 | $17,164 | $0 | $1,770,608 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,830,626 | $17,164 | $1,745,608 | |
| Contributions, gifts, grants paid | $25,000 | |||
| Excess of revenue over expenses and disbursements | $3,168 | |||
| Net investment income | $176,321 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $36,255,101 | $36,255,101 |
| Cash - non-interest-bearing | $355,203 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $23,355,426 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $12,544,472 | |
| Total liabilities | $4,868,544 | |
| Mortgages and other notes payable | $0 | |
| Other | $4,868,544 | |
| Total liabilities and net assets/fund balances | $31,386,557 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $43,292 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $1,763 |
| Total credits and payments | $1,360 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $1,360 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $7 |
| Tax due | $410 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $1,763,879 |
| Net value of noncharitable-use assets | $1,737,420 |
| Minimum investment return | $86,871 |
| Distributable Amount (for 2011) | |
| Distributable amount | $85,108 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $85,108 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| 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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| Other organizations in Illinois | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Edge Ministries Inc | 1366 Main Street, Crete, IL 60417-2997 | IL | 2010-03 | $25,006 |
| 2 | Edgerly Foundation | PO BOX 803878, Chicago, IL 60680-3878 | IL | 1993-05 | $948,052 |
| 3 | The Foxman Family Foundation | 1929 Browning Ct, Highland Park, IL 60035-1657 | IL | 2008-08 | $752,955 |
| 4 | The Mather Possibilities | 1603 Orrington Avenue, Evanston, IL 60201-3841 | IL | 1976-05 | $5,279 |
| 5 | The Growmark Foundation | PO BOX 2500, Bloomington, IL 61702-2500 | IL | 2001-11 | $1,528,644 |
| 6 | The Guzior Family Foundation | 7030 W 63rd St, Chicago, IL 60638-3918 | IL | 2006-02 | $342,077 |
| 7 | The Happy Day Express Inc | 1009 North West Seventh Street, Fairfield, IL 62837 | IL | 2006-04 | $350,423 |
| 8 | The Haven Network For Perinatal Death And Bereavement | 124 N Water St Ste 201, Rockford, IL 61107-3959 | IL | 2004-05 | $157,013 |
| 9 | The Hegeler-Carus Foundation | 315 5th St, Peru, IL 61354-2859 | IL | 1996-03 | $463,260 |
| 10 | The Holocaust Education Foundation | 1 S Wacker Dr Ste 800, Chicago, IL 60606-4650 | IL | 1982-10 | $49,185 |
| 11 | Foundation For Homan Square | 2211 York Rd Ste 207, Oak Brook, IL 60523-4020 | IL | 1996-10 | $344,039 |
| 12 | The Hope Foundation For Autism And Epilepsy | 2066 Middlefork Rd, Northfield, IL 60093-1119 | IL | 2001-04 | $259,813 |
| 13 | The House Development Corporation Nfp | 3827 W Ogden Ave, Chicago, IL 60623-2459 | IL | 2007-08 | $216,452 |
| 14 | The Human Process Inc | 600 Main Street, Evanston, IL 60204 | IL | 1996-08 | $11,417 |
| 15 | The Illinois Chess Association | PO BOX 180177, Chicago, IL 60618-0592 | IL | 1996-07 | $37,987 |
| 16 | The Illinois Civil Justice League | PO BOX 308, Arlington Hts, IL 60006-0308 | IL | 1994-07 | $365,500 |
| 17 | The Iowa-Illinois Regional Auto Show Inc | 7030 44th Ave, Moline, IL 61265-8116 | IL | 1996-03 | $229,220 |
| 18 | The Jewish Pocet | 8939 Karlov Ave, Skokie, IL 60076-1964 | IL | 1979-11 | $7,245 |
| 19 | The Joachim & Vicki Peters Foundation | 129 W Brentwood Dr, Palatine, IL 60074-1009 | IL | 2006-02 | $7,086 |
| 20 | The John D & Barbara C Cooney Family Foundation | 120 N Lasalle St 30th Flr, Chicago, IL 60602-2492 | IL | 2002-01 | $626,312 |
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