William N Gilman Trust in Pontiac, Illinois (IL)

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William N Gilman Trust
Employer Identification Number (EIN)366929988
Name of OrganizationWilliam N Gilman Trust
In Care of NameHerr & Herr
Address1040 W Howard St, Pontiac, IL 61764-1606
ActivitiesOther religious activities
SubsectionCharitable Organization
Ruling Date05/1995
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$391,206
Amount of Income$75,685
Form 990 Revenue Amount$75,685
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Single Organization Support


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Amount of income in 2013: $75,685
This organization: 

 $75,685
Other organizations performing similar types of work: 

 $910,803

Assets in 2013: $391,206
This organization: 

 $391,206
Other organizations performing similar types of work: 

 $2,529,447

Expenses in 2013: $62,790
This organization: 

 $62,790
Other organizations performing similar types of work: 

 $223,854

Income to expenses ratio in 2013: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 3.9

Expenses allocated to program services in 2007: 94.6%
William N Gilman Trust: 

 94.6%
Other organizations performing similar types of work: 

 85.8%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$73,129$95,408$75,685
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$73,129$95,408$75,685
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$76,781$80,449$62,790
Total net assets$363,352$378,311$391,206
Excess/Deficit for the year$-3,652$14,959$12,895
Net assets or fund balances at beginning of year$367,004$363,352$378,311
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$378,311$391,206
Balance Sheets
201120122013
Total assets$363,352$378,311$391,206
Total liabilities$0$0$0
Net assets or fund balances$363,352$378,311$391,206
Other Information
201120122013
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 activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
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$0
Gross receipts for public use of club facilities$0$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?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$45,000
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200220032004200520062007
Total revenue$18,080$22,713$16,077$18,904$18,295$12,666$34,691
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,577$1,364$852$608$515$1,375$1,627
Dividends and interest from securities$0$0$0$0$0$0$0
Net rental income or (loss)$16,503$21,349$15,225$18,296$17,780$11,291$33,064
Gross rents$27,318$34,718$26,555$31,688$30,270$28,360$44,625
Less: rental expenses$10,815$13,369$11,330$13,392$12,490$17,069$11,561
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Total expenses$21,044$20,298$12,806$23,830$12,797$22,431$26,415
Program services$16,000$19,000$12,000$22,000$12,000$21,000$25,000
Management and general$5,044$1,298$806$1,830$797$1,431$1,415
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$359,665$357,148$360,419$355,493$360,991$351,226$359,502
Excess or (deficit) for the year$-2,964$2,415$3,271$-4,926$5,498$-9,765$8,276
Net assets or fund balances at beginning of year$362,629$354,733$357,148$360,419$355,493$360,991$351,226
Other changes in net assets or fund balances$0$0$0$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$26,415$25,000$1,415$0
Grants paid from donor advised funds$0
Other grants and allocations$25,000
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$550$0$550$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$350$0$350$0
Legal fees$500$0$500$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$15$0$15$0
Balance Sheets
2000200220032004200520062007
Total assets$359,665$357,148$360,419$355,493$360,991$351,226$359,502
Cash - non-interest-bearing$0$0$0$0$0$0$0
Savings and temporary cash investments$43,622$42,705$46,776$42,650$48,948$39,983$48,849
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$210
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$316,043$314,443$313,643$312,843$312,043$311,243$310,443
Other assets, including program-related investments$0$0$0$0$0$0$0
Total liabilities$0$0$0$0$0$0$0
Accounts payable and accrued expenses$0$0$0$0$0$0$0
Grants payable$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$359,665$357,148$360,419$355,493$360,991$351,226$359,502
Total net assets or fund balances$359,665$357,148$360,419$355,493$360,991$351,226$359,502
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200220032004200520062007
Total revenue$0$22,713$16,077$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$22,713$16,077$0$0$0$0
Other expenses$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200220032004200520062007
Total expenses$0$20,298$12,806$0$0$0$0
Total expenses and losses per audited financial statements$0$20,298$12,806$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
1$550$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings1
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$34,691$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,627$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$33,064$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organization4
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
362310489Yes$25,000
Total$25,000
Support Schedule
1999200120022003200420052006
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Total Living Foundation25553 W Wolfs Crossing Rd Unit A, Plainfield, IL 60585-6807IL1999-08$3,683,960
2Lida F Thurman Tr Uw 340107770010 S Dearborn St, Chicago, IL 60603-2300IL1978-01$1,920,023
3Brethren Foundation Inc1505 Dundee Ave, Elgin, IL 60120-1605IL1991-01$848,812
4T W Lillian J Wallace Fbo American Bible Society10 S Dearborn, Chicago, IL 60603-2300IL1994-10$691,826
5Federation Of Protestant Welfare Agencies Inc Trust10 S Dearborn St 21 Fl, Chicago, IL 60603-2300IL1975-03$460,584
6Brasseaux Trust For Grace Church10 S Dearborn, Chicago, IL 60603-2300IL1991-11$244,717
7St Francis Of Assisi Parish Chrtbl Foundation Inc506 W Elm St, Teutopolis, IL 62467-1228IL2000-12$114,526
8William N Gilman Trust1040 W Howard St, Pontiac, IL 61764-1606IL1995-05$75,685
9Virginia E Jeffers Trust Na 938846600010 S Dearborn, Chicago, IL 60603-2300IL1999-03$54,130
10R Mckahan Tr Fbo Mt Pleasant Pres ChurPO BOX 185, Pittsburgh, PA 15230-0185PA2003-03$1,154,396
11R Mckahim Tr Fbo Laboratory Pres ChurPO BOX 185, Pittsburgh, PA 15230-0185PA2003-03$1,061,298
12Vera Rasmussen Irrv Trust 580109606801 S 27th St, Lincoln, NE 68512-4823NE2001-03$324,268
13Roland & Sara K Davis Memorial Tr Ua 09-03-71PO BOX 3215, Lancaster, PA 17604-3215PA2001-10$173,842
14Barnard St James Episcopal Church 200016 NectPO BOX 1802, Providence, RI 02901-1802RI1970-12$138,517
15Stewart Carter Swartz Trust, Dalphin Deposit Trust Co1100 Wehrle Dr 2nd Fl, Buffalo, NY 14221-7748NY2001-10$53,391
16Vasa Museum Inc15235 Norelius Rd, Welch, MN 55089-4561MN2000-02$6,550
17Day Memorial Trust, Adopt A CowRr 1 Box 839, Port Royal, PA 17082PA1985-05$0
18Friends Of Chabad Of Stockholm Inc465 Empire Blvd, Brooklyn, NY 11225NY2001-07$0
19National Community Health And Education Foundation2819 E Meyer Blvd, Kansas City, MO 64132-1127MO2003-08$0
20Solid Rock Foundation617 Plaza Ct, Laramie, WY 82070-8922WY2009-06$0
Number of organizations performing similar types of work
Alabama1
Arkansas1
Arizona1
California8
Connecticut2
Florida5
Georgia1
Iowa1
Illinois9
Indiana3
Louisiana1
Massachusetts1
Michigan3
Minnesota2
Missouri1
North Carolina5
Nebraska2
New Jersey3
New Mexico1
New York11
Ohio7
Oklahoma2
Pennsylvania12
Rhode Island1
South Carolina2
Tennessee1
Texas7
Virginia2
Washington1
Wisconsin1
Wyoming1
Total99

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