The Neil And Ginny Gerald Charitable Family Foundation in Naperville, 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Organizations performing similar types of work
The Neil And Ginny Gerald Charitable Family Foundation | |
Employer Identification Number (EIN) | 020762172 |
Name of Organization | The Neil And Ginny Gerald Charitable Family Foundation |
In Care of Name | Neil Gerald |
Address | 1210 E Ogden Ave, Naperville, IL 60563-1604 |
Subsection | Charitable Organization |
Ruling Date | 07/2006 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $100,000 to $499,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $105,628 |
Amount of Income | $282,764 |
Form 990 Revenue Amount | $7,017 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $282,764 (it was $85,223 in 2012)
The Neil And Ginny Gerald Charitable Family Foundation: | $282,764 |
Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $105,628 (it was $86,730 in 2012)
This organization: | $105,628 |
Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $5,925
The Neil And Ginny Gerald Charitable Family Foundation: | $5,925 |
Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 47.7
This organization: | 47.7 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 23.7%
The Neil And Ginny Gerald Charitable Family Foundation: | 23.7% |
Other organizations performing similar types of work: | 22.8% |
Revenue for 2012
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 | $17,725 | $13,407 | $0 | |
Contributions, gifts, grants, etc., received | $4,200 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $3,056 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $118 | |||
Other | $10,351 | |||
Total expenses and disbursements | $5,925 | $3,825 | $0 | $2,100 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $5,925 | $3,825 | $2,100 | |
Contributions, gifts, grants paid | $0 | |||
Excess of revenue over expenses and disbursements | $11,800 | |||
Net investment income | $9,582 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $86,730 | $114,433 |
Cash - non-interest-bearing | $0 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $64,880 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $19,133 | |
Other | $2,717 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $86,730 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $10,351 |
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 | $192 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $192 |
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? | No |
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 | $112,208 |
Net value of noncharitable-use assets | $110,520 |
Minimum investment return | $5,526 |
Distributable Amount (for 2012) | |
Distributable amount | $5,334 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $5,334 |
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 | $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 |
Unrelated Trade or Business Income (for 2008) | |||
Income | Expenses | Net | |
---|---|---|---|
Total | $-1,107 | $0 | $-1,107 |
Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
Cost of goods sold | $0 | $0 | $0 |
Gross profit | $0 | $0 | $0 |
Capital gain net income | $0 | $0 | $0 |
Net gain | $0 | $0 | $0 |
Capital loss deduction for trusts | $0 | $0 | $0 |
Income (loss) from partnerships and S corporations | $-1,107 | $0 | $-1,107 |
Rent income | $0 | $0 | $0 |
Unrelated debt-financed income | $0 | $0 | $0 |
Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
Exploited exempt activity income | $0 | $0 | $0 |
Advertising income | $0 | $0 | $0 |
Other income | $0 | $0 | $0 |
Deductions Not Taken Elsewhere (for 2008) | |
Total deductions | $0 |
Compensation of officers, directors, and trustees | $0 |
Salaries and wages | $0 |
Repairs and maintenance | $0 |
Bad debts | $0 |
Interest | $0 |
Taxes and licenses | $0 |
Charitable contributions | $0 |
Depreciation | $0 |
Depletion | $0 |
Contributions to deferred compensation plans | $0 |
Employee benefit programs | $0 |
Excess exempt expenses | $0 |
Excess readership costs | $0 |
Other deductions | $0 |
Unrelated business taxable income | $-1,107 |
Unrelated business taxable income before net operating loss deduction | $-1,107 |
Net operating loss deduction | $0 |
Unrelated business taxable income before specific deduction | $-1,107 |
Specific deduction | $1,000 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Star Family Foundation | 222 N Lasalle St 2000, Chicago, IL 60601 | IL | 2013-02 | $50,049,570 |
2 | The Brinson Foundation | 737 N Michigan Ave Ste 1850, Chicago, IL 60611-6707 | IL | 2007-10 | $44,904,690 |
3 | Abbvie Foundation | 1 N Waukegan Rd Bldg Ap34-2, North Chicago, IL 60064-1802 | IL | 2013-11 | $41,664,160 |
4 | Manaaki Foundation | 807 Forest Ave, River Forest, IL 60305-1361 | IL | 2012-01 | $20,084,922 |
5 | Bacca Foundation | 10 S Dearborn St, Chicago, IL 60603-2300 | IL | 2013-05 | $18,608,916 |
6 | Tellabs Foundation | 1415 W Diehl Rd Msc 10, Naperville, IL 60563-1139 | IL | 1997-11 | $17,141,393 |
7 | State Farm Companies Foundation | PO BOX 2321, Bloomington, IL 61702-2321 | IL | 1968-06 | $17,034,318 |
8 | William Butterworth Memorial Trust | 506 15th St, Moline, IL 61265-2149 | IL | 1954-05 | $15,537,327 |
9 | John C Kulis Charitable Foundation | 216 S Jefferson St Ste 301, Chicago, IL 60661-5743 | IL | 2014-07 | $13,783,826 |
10 | Kraft Foods Group Foundation | 3 Lakes Dr, Northfield, IL 60093-2753 | IL | 2012-09 | $12,003,509 |
11 | Youth Improved Incorporated | 10255 West Higgins Road, Rosemont, IL 60018-5638 | IL | 2010-05 | $11,535,686 |
12 | Robert And Jean Reid Family Foundation | 111 W Monroe St Flr 10e, Chicago, IL 60603-4096 | IL | 2014-06 | $10,237,037 |
13 | Smoke Rise Foundation Inc | C/O Friedman Huey Associates, Homewood, IL 60430 | IL | 2009-09 | $9,705,104 |
14 | Donnini-Rudolph Family Foundation | 1402 Waterford Pl, Champaign, IL 61821-6973 | IL | 2013-02 | $8,972,028 |
15 | The Keywell Foundation | 600 W Chicago Ave Ste 775, Chicago, IL 60654-2526 | IL | 2011-03 | $8,381,469 |
16 | Weberg Tr | PO BOX 803878, Chicago, IL 60680-3878 | IL | 2005-01 | $8,368,393 |
17 | 1111 Foundation | 1 Medline Pl, Mundelein, IL 60060-4485 | IL | 2013-07 | $8,095,176 |
18 | Wohlers Family Foundation | PO BOX 803878, Chicago, IL 60680-3878 | IL | 2007-09 | $7,711,099 |
19 | Visiting Nurse Association Of Chicago | 20 N Wacker Dr Ste 3118, Chicago, IL 60606-3101 | IL | 1934-02 | $7,540,122 |
20 | Sidley Austin Foundation | 1 S Dearborn St Ste 2300, Chicago, IL 60603-2306 | IL | 2006-03 | $7,202,287 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 22,395 |
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