Union Street Foundation in Decatur, 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
- Organizations performing similar types of work
| Union Street Foundation | |
| Employer Identification Number (EIN) | 371344200 |
| Name of Organization | Union Street Foundation |
| Address | 46 Southside Country Clb, Decatur, IL 62521-9126 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Area development, redevelopment of renewal |
| Subsection | Charitable Organization |
| Ruling Date | 05/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 05/2011 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $1 |
| Amount of Income | $9 |
| Form 990 Revenue Amount | $9 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2011: $9 (it was $5,003 in 2010)
| Union Street Foundation: | $9 |
| Other organizations performing similar types of work: | $345,298 |
Assets in 2011: $1 (it was $25,151 in 2010)
| This organization: | $1 |
| Other organizations performing similar types of work: | $1,142,570 |
Expenses in 2011: $25,160
| This organization: | $25,160 |
| Other organizations performing similar types of work: | $349,008 |
Income to expenses ratio in 2011: 0.0
| Union Street Foundation: | 0.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 47.4% |
Expenses 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 | $9 | $9 | $9 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $9 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $25,160 | $0 | $0 | $25,160 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $13,266 | $0 | $13,266 | |
| Contributions, gifts, grants paid | $11,894 | |||
| Excess of revenue over expenses and disbursements | $-25,151 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1 | $0 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $0 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | Yes |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| 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 | $9 | $3 | $7 | $16 | $35 |
| Qualifying distributions made directly for active conduct of exempt activities | $25,160 | $5,195 | $254,384 | $6,433 | $291,172 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Westside Health Authority | 5417 W Division St, Chicago, IL 60651-1312 | IL | 1996-07 | $4,522,025 |
| 2 | Dekalb Plaza Resident Council, Gideon Court Resident Council | 1325 West Lincoln Highway Apt 303a, Dekalb, IL 60115 | IL | 1997-09 | $1,865,330 |
| 3 | Transitional Living Services | 5330 W Elm St, Mchenry, IL 60050-4029 | IL | 1997-04 | $1,233,049 |
| 4 | Trinity Community Housing Corporation | 400 W 95th St, Chicago, IL 60628-1120 | IL | 1983-08 | $1,165,043 |
| 5 | Woodlawn Housing Development Corp, Berry Manor | 6040 South Harper Ave, Chicago, IL 60637-3180 | IL | 1988-06 | $886,235 |
| 6 | Winwood Apartments Inc | 1415 W Foster Ave, Chicago, IL 60640-2288 | IL | 1985-08 | $408,309 |
| 7 | Seaway National Bank Community Development Corporation | 645 E 87th St, Chicago, IL 60619-6101 | IL | 1997-04 | $39,960 |
| 8 | White Family Foundation, Trust Dept First Natinal Bank | 311 Banker Blvd, Vandalia, IL 62471-1941 | IL | 1997-07 | $36,960 |
| 9 | Psm Development Corporation | 119 S Central Park Blvd, Chicago, IL 60624-2941 | IL | 1991-07 | $10,181 |
| 10 | The Hawthorne Foundation | 2314 N Lincoln Park W Apt 6n, Chicago, IL 60614-3453 | IL | 1996-01 | $5,000 |
| 11 | Union Street Foundation | 46 Southside Country Clb, Decatur, IL 62521-9126 | IL | 1996-05 | $9 |
| 12 | Tach Services Inc | 200 E Randolph St Ste 2100, Chicago, IL 60601-6432 | IL | 1992-04 | $4 |
| 13 | Affordable Living Opportunities Inc | 2104 Western Ave, Waukegan, IL 60087-3905 | IL | 1996-01 | $0 |
| 14 | Austin Community Resource Center | 105 Graymoor Ln Ste 100, Olympia Fields, IL 60461-1204 | IL | 1994-06 | $0 |
| 15 | Financial Services Assistance Housing Exchange Inc | 321 W 61st St, Chicago, IL 60621-3207 | IL | 1996-01 | $0 |
| 16 | Gmach Zecher Chasdei Avos | 9049 Karlov Ave, Skokie, IL 60076-1715 | IL | 1997-06 | $0 |
| 17 | Gorham United Methodist Church Foundation Inc | 5600 S Indiana Ave, Chicago, IL 60637-1204 | IL | 1997-09 | $0 |
| 18 | Habitat For Humanity International Inc, Judson College Hfh Campus Chapter | 1151 N State St -Cpo 252-, Elgin, IL 60123-1404 | IL | 1987-01 | $0 |
| 19 | Habitat For Humanity International Inc, Siu Habitat For Humanity | 715 S Washington St, Carbondale, IL 62901 | IL | 1987-01 | $0 |
| 20 | Innercity Home Foundation Inc | 1832 E 87th St, Chicago, IL 60617-2744 | IL | 1995-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,995 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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