Walnut Foundation in Springfield, 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
| Walnut Foundation | |
| Employer Identification Number (EIN) | 371138383 |
| Name of Organization | Walnut Foundation |
| Address | 3063 Fiat Ave, Springfield, IL 62703-5930 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1983 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1 |
| Amount of Income | $80,105 |
| Form 990 Revenue Amount | $1,213,920 |
Non-representatives - add comments:
Revenue 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 | $80,105 | $80,105 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $64 | |||
| Dividends and interest from securities | $80,041 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $3,045 | $3,045 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,045 | $3,045 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $77,060 | |||
| Net investment income | $77,060 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| 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 2012) | |
| Capital gain net income | $0 |
| 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 | $1,541 |
| Total credits and payments | $1,576 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $1,576 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $35 |
| Tax due | $0 |
| 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 | $6,328,538 |
| Net value of noncharitable-use assets | $6,233,620 |
| Minimum investment return | $311,681 |
| Distributable Amount (for 2012) | |
| Distributable amount | $310,140 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $310,140 |
| 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 |
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| Other organizations in Illinois | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Voices For Illinois Children Inc | 208 S La Salle St Ste 1490, Chicago, IL 60604-1120 | IL | 1987-11 | $1,198,978 |
| 2 | Voiture Nationale La Societe Des 40 Hommes Et 8 Chevaux, 1325 Voiture Locale | 303 S Fair St, Olney, IL 62450-2237 | IL | 1960-02 | $37,356 |
| 3 | W P & H B White Foundation | 540 W Frontage Rd Ste 3240, Northfield, IL 60093-1232 | IL | 1955-04 | $9,226,110 |
| 4 | W Thomas Kitchen Trust | 135 S Lasalle, Chicago, IL 60603-4177 | IL | 2000-03 | $2,990,908 |
| 5 | Walcamp Outdoor Ministry Inc | 32653 5 Points Rd, Kingston, IL 60145-8443 | IL | 1993-09 | $564,890 |
| 6 | Walden Oaks Apartments Preservation Nfp | 325 N Wells Eighth Floor, Chicago, IL 60610 | IL | 2005-12 | $1,901,616 |
| 7 | Walk On Water Ministries Nfp | 17623 Ford Rd, Geneseo, IL 61254-8787 | IL | 2004-12 | $70,247 |
| 8 | Hopes Front Door | 1047 Curtiss St Ste 610, Downers Grove, IL 60515-4607 | IL | 2004-04 | $235,821 |
| 9 | Wallcoverings Association Inc | 330 N Wabash Ave Ste 2200, Chicago, IL 60611-7619 | IL | 1993-03 | $439,472 |
| 10 | Walleyes Unlimited Usa | PO BOX 8817, Waukegan, IL 60079-8817 | IL | 2010-12 | $37,806 |
| 11 | Walnut Foundation | 3063 Fiat Ave, Springfield, IL 62703-5930 | IL | 1983-10 | $80,105 |
| 12 | Walter & Connie Payton Foundation Inc | 1905 Marketview Drive Suite 234, Yorkville, IL 60560-1896 | IL | 2002-09 | $1,061,563 |
| 13 | Walter S And Lucienne B Driskill Foundation | 430 W Erie St Ste 512, Chicago, IL 60654-5732 | IL | 1987-12 | $11,927,677 |
| 14 | Warbird Heritage Foundation | 3000 Corporate Dr, Waukegan, IL 60087-1227 | IL | 2004-07 | $630,815 |
| 15 | Warm Wishes | Po Box 8401, Bartlett, IL 60103 | IL | 1996-04 | $0 |
| 16 | Warren Blue Devil Travel Baseball Club | PO BOX 346, Gurnee, IL 60031-0346 | IL | 2004-04 | $139,846 |
| 17 | Warren Park Youth Baseball League | 1525 W Hood Ave, Chicago, IL 60660-1817 | IL | 2009-07 | $96,949 |
| 18 | Warren Township High School Foundation | 500 N Oplaine Rd, Gurnee, IL 60031-2641 | IL | 2002-06 | $7,298 |
| 19 | Warren-Sharpe Center | 454 S Joliet St, Joliet, IL 60436-2359 | IL | 1991-05 | $181,415 |
| 20 | Warrenville Athletic Association | PO BOX 501, Warrenville, IL 60555-0501 | IL | 1997-03 | $72,422 |
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