Institute Of Chronic Illnesses Inc in Silver Spring, Maryland (MD)
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
| Institute Of Chronic Illnesses Inc | |
| Employer Identification Number (EIN) | 203444055 |
| Name of Organization | Institute Of Chronic Illnesses Inc |
| In Care of Name | Dr Mark R Geier |
| Address | 14 Redgate Ct, Silver Spring, MD 20905-5726 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2006 |
| 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 | $451,172 |
| Amount of Income | $211,901 |
| Form 990 Revenue Amount | $1,883,888 |
| National Taxonomy of Exempt Entities (NTEE) | Medical Research: Brain Disorders Research |
Non-representatives - add comments:
Amount of income in 2013: $211,901 (it was $556,207 in 2012)
| This organization: | $211,901 |
| Other organizations performing similar types of work: | $211,901 |
Assets in 2013: $451,172 (it was $1,099,775 in 2012)
| This organization: | $451,172 |
| Other organizations performing similar types of work: | $451,172 |
Expenses in 2012: $1,348,401
| Institute Of Chronic Illnesses Inc: | $1,348,401 |
| Other organizations performing similar types of work: | $908,414 |
Income to expenses ratio in 2012: 0.2
| Institute Of Chronic Illnesses Inc: | 0.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 98.8%
| Institute Of Chronic Illnesses Inc: | 98.8% |
| Other organizations performing similar types of work: | 98.8% |
Revenue for 2012
Expenses 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 | $556,207 | $6,435 | $6,435 | |
| Contributions, gifts, grants, etc., received | $549,772 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $6,434 | |||
| Other | $1 | |||
| Total expenses and disbursements | $1,348,401 | $0 | $1,348,401 | $1,331,384 |
| Compensation of officers, directors, trustees, etc. | $300,000 | |||
| Total operating and administrative expenses | $1,348,401 | $0 | $1,331,384 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-792,193 | |||
| Net investment income | $6,435 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,099,775 | $1,811,789 |
| Cash - non-interest-bearing | $874,945 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $206,362 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $18,468 | |
| Total liabilities | $1,664 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,664 | |
| Total liabilities and net assets/fund balances | $1,098,111 | |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| 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? | Yes |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | South Alabama Medical Science Foundation | PO BOX U-1060, Mobile, AL 36688-0001 | AL | 1982-06 | $3,911,260 |
| 2 | Neurosciences Research Foundation Incorporated | 800 Silverado St Ste 302, La Jolla, CA 92037-4234 | CA | 1964-05 | $1,089,803 |
| 3 | Institute Of Chronic Illnesses Inc | 14 Redgate Ct, Silver Spring, MD 20905-5726 | MD | 2006-05 | $211,901 |
| 4 | Apbd Research Foundation | 2710 Avenue S, Brooklyn, NY 11229-2541 | NY | 2007-03 | $121,834 |
| 5 | Cure Developmental Brain Defects Now Foundation | 25 Greenview Way, Upr Montclair, NJ 07043-2531 | NJ | 2003-10 | $135 |
| 6 | International Academy Of Chinese Brain Medicine | 2175 Esperanca Ave, Santa Clara, CA 95054 | CA | 2007-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||
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| ||||||||||
| Total | 6 | ||||||||||
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