Gladys Cole Trust Ua 420-2287006 in Chicago, 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
| Gladys Cole Trust Ua 420-2287006 | |
| Employer Identification Number (EIN) | 046440956 |
| Name of Organization | Gladys Cole Trust Ua 420-2287006 |
| In Care of Name | Chester W Sterczek |
| Address | 231 Lasalle St Il-231-10-07, Chicago, IL 60607 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 05/2014 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| 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 | $450,578 |
| Amount of Income | $158,878 |
| Form 990 Revenue Amount | $27,522 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts, Culture, and Humanities (Not Elsewhere Classified) |
Non-representatives - add comments:
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 | $24,060 | $23,888 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $10,257 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $6 | |||
| Other | $13,797 | |||
| Total expenses and disbursements | $25,468 | $3,852 | $0 | $21,471 |
| Compensation of officers, directors, trustees, etc. | $6,094 | |||
| Total operating and administrative expenses | $7,270 | $3,852 | $3,273 | |
| Contributions, gifts, grants paid | $18,198 | |||
| Excess of revenue over expenses and disbursements | $-1,408 | |||
| Net investment income | $20,036 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $460,448 | $468,904 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $391,838 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $37,691 | |
| Other | $30,919 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $460,448 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $13,797 |
| 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 | $401 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $401 |
| 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? | 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 | $461,174 |
| Net value of noncharitable-use assets | $454,260 |
| Minimum investment return | $22,713 |
| Distributable Amount (for 2012) | |
| Distributable amount | $22,312 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $22,312 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $3,873 |
| 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 | Harlem High School Fans Club Inc | 1 Huskie Cir, Machesney Pk, IL 61115-1998 | IL | 1993-03 | $202,626 |
| 2 | Harlem Music Boosters | Box 10033, Loves Park, IL 61131 | IL | 2008-11 | $13,033 |
| 3 | Harm Reduction Outreach | PO BOX 1766, Rockford, IL 61110-0266 | IL | 1998-03 | $25,118 |
| 4 | Harmony At Home Foundation | 1030 Aurora Ave Apt A223, Naperville, IL 60540-6476 | IL | 2007-07 | $599,217 |
| 5 | Glass Molders Pottery Plastics & Allied Workers, 166 Local | PO BOX 10, Dolton, IL 60419-0010 | IL | 1940-10 | $82,458 |
| 6 | Hardware Marketing Council | 7110 Centennial Trl, Rockford, IL 61107-6203 | IL | 1989-02 | $76,378 |
| 7 | Greenway Foundation Inc | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1999-12 | $227,868 |
| 8 | Great Lakes Mastiff Rescue Inc | PO BOX 47256, Chicago, IL 60647-0005 | IL | 2005-02 | $41,128 |
| 9 | Great Lakes Section Institute Of Food Technologist Inc | 525 W Van Buren, Chicago, IL 60607-3823 | IL | 1954-02 | $76,218 |
| 10 | Greater St Louis Agility Training Club | 717 Linden St, Alton, IL 62002-3741 | IL | 1994-08 | $110,170 |
| 11 | Gladys Cole Trust Ua 420-2287006 | 231 Lasalle St Il-231-10-07, Chicago, IL 60607 | IL | 2014-05 | $158,878 |
| 12 | Halbert Joseph Tua Scholarships | 231 S Lasalle St Il1-231-10-07, Chicago, IL 60697-0001 | IL | 2014-08 | $154,199 |
| 13 | Global Trade & Technology Corporation | 25 Copperfield Drive, Hawthorn Hills, IL 60047 | IL | 2004-08 | $0 |
| 14 | Gladys M & Harry A Snyder Memorial Trust | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1998-08 | $806,653 |
| 15 | Gladys R Neil Shoup Permanent Endowment Trust Fund | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1973-12 | $169,838 |
| 16 | Glen D Vandenbelt Tr No Ii | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1983-11 | $687,371 |
| 17 | Goddard Crippled Children Trust Wa T/W | 10 S Dearborn St, Chicago, IL 60603-2300 | IL | $318,192 | |
| 18 | Gorman Foundation | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 2005-01 | $3,200 |
| 19 | Gould Memorial Reformed Church Trust Nect | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1970-12 | $38,881 |
| 20 | Grace B Ludwig Charitable Trust Fund Nect | 10 S Dearborn, Chicago, IL 60603-2300 | IL | $104,142 | |
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