The Kalo Foundation Of Park Ridge in Park Ridge, Illinois (IL)

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The Kalo Foundation Of Park Ridge
Employer Identification Number (EIN)450547664
Name of OrganizationThe Kalo Foundation Of Park Ridge
In Care of NameDennis Van Mieghem
Address255 N Northwest Hwy, Park Ridge, IL 60068-3343
SubsectionCharitable Organization, Educational Organization
Ruling Date03/2007
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 Period06/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$495,997
Amount of Income$110,475
Form 990 Revenue Amount$85,425
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Historical Societies, Related Historical Activities


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Amount of income in 2014: $110,475 (it was $166,762 in 2013)
This organization: 

 $110,475
Other organizations performing similar types of work: 

 $32,954

Assets in 2014: $495,997 (it was $473,900 in 2013)
This organization: 

 $495,997
Other organizations performing similar types of work: 

 $59,539

Expenses in 2014: $63,337
The Kalo Foundation Of Park Ridge: 

 $63,337
Other organizations performing similar types of work: 

 $21,061

Income to expenses ratio in 2014: 1.7
This organization: 

 1.7
Other organizations performing similar types of work: 

 0.9

Grants share in income in 2014: 72.3%
The Kalo Foundation Of Park Ridge: 

 72.3%
Other organizations performing similar types of work: 

 2.1%

Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$136,942$85,425
Contributions, gifts, grants, and similar amounts received$110,308$61,796
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$950$1,935
Investment income$80$48
Gain/Loss from sale of assets other than inventory$4,059$0
Net income/loss from gaming and fundraising events$0$9,720$11,214
Gross income from gaming$0$0$0
Gross income from fundraising events$23,682$29,017
Less: direct expenses from gaming and fundraising events$13,962$17,803
Gross profit/loss from sales of inventory$4,805$1,992
Gross sales of inventory, less returns and allowances$5,663$9,239
Less: cost of goods sold$858$7,247
Other revenue$7,020$8,440
Total expenses$30,919$63,337
Total net assets$473,900$495,997
Excess/Deficit for the year$106,023$22,088
Net assets or fund balances at beginning of year$367,877$473,909
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$473,900$495,997
Balance Sheets
201220132014
Total assets$368,699$473,900$495,997
Total liabilities$1,052$0$0
Net assets or fund balances$473,900$495,997
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
Reason for Public Charity Status (for 2014)
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 2010 - 2014)
2010 - 2014 Total
Public support$281,615
Subtotal$635,269
Gifts, grants, contributions, and membership fees received$547,166
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$88,103
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$353,654
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$660,238
Public support$635,269
Subtotal$24,969
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$24,969
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
1Seventh Regiment Armory Conservancy Inc643 Park Ave 2nd Floor, New York, NY 10065-6122NY2000-07$20,230,835
2Town Hall Association1119 8th Ave, Seattle, WA 98101-2738WA2000-06$3,724,169
3Tri-State Warbird Museum4021 Borman Dr, Batavia, OH 45103-1684OH2003-08$1,348,020
4Yl-37 Group Foundation Inc14157 E 580 Rd, Inola, OK 74036-5227OK2001-05$646,555
5Roxbury Bandshell Preservation Alliance1618 Sunshine Ave, Johnstown, PA 15905-1849PA2008-09$69,026
6Us Marshals Museum Inc14 N 3rd St Ste D, Fort Smith, AR 72901-1476AR2008-02$59,562
7Navy Pier Inc, Navy Pier600 East Grand Ave, Chicago, IL 60611-3419IL2011-07$107,745,883
8The Hegeler-Carus Foundation315 5th St, Peru, IL 61354-2859IL1996-03$463,260
9Stickling Foundation100 E Chicago St Ste 305, Elgin, IL 60120-5549IL2003-05$438,996
10Illinois Inaugural Committee 20111248 W Altgeld St, Chicago, IL 60614-2105IL2011-01$375,000
11Chicago Navy Memorial Foundation Inc1805a N Mohawk Street, Chicago, IL 60614IL2010-04$290,000
12Belleville Cultural Enrichment Organization101 S Illinois St, Belleville, IL 62220-2105IL2012-02$225,586
13Savanna Historical Society NfpP0box 124, Savanna, IL 61074IL2007-10$222,052
14Wright In Kankakee701 S Harrison Ave, Kankakee, IL 60901-5109IL2014-02$160,122
15Abram Foundation19 S Lasalle St 450, Chicago, IL 60603IL2014-07$150,053
16General Wayne A Downing Foundation7625 North University No C, Peoria, IL 61614-1213IL2010-10$150,000
17Orland Park-Stellwagen Family Farm Foundation14700 Ravinia Ave, Orland Park, IL 60462IL2005-10$127,062
18Remembrance Rescue Project1100 National Pkwy, Schaumburg, IL 60173-4532IL2013-01$123,529
19William A Walker Memorial Trust10 S Dearborn Il1-0117, Chicago, IL 60603-2300IL1981-01$115,458
20The Kalo Foundation Of Park Ridge255 N Northwest Hwy, Park Ridge, IL 60068-3343IL2007-03$110,475
Number of organizations performing similar types of work
Alaska33
Alabama164
Arkansas91
Arizona136
California779
Colorado191
Connecticut152
District of Columbia75
Delaware52
Florida406
Georgia265
Hawaii55
Iowa212
Idaho67
Illinois367
Indiana226
Kansas130
Kentucky133
Louisiana114
Massachusetts330
Maryland245
Maine188
Michigan336
Minnesota222
Missouri261
Mississippi90
Montana83
North Carolina314
North Dakota45
Nebraska71
New Hampshire118
New Jersey261
New Mexico72
Nevada72
New York672
Ohio464
Oklahoma128
Oregon168
Pennsylvania565
Rhode Island71
South Carolina137
South Dakota40
Tennessee176
Texas568
Utah142
Virginia377
Vermont83
Washington188
Wisconsin223
West Virginia101
Wyoming31
International15
Total10,505

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