Arthur C And Nanette R Avery Charitable Trust 2886225210 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
- Organizations performing similar types of work
| Arthur C And Nanette R Avery Charitable Trust 2886225210 | |
| Employer Identification Number (EIN) | 357012038 |
| Name of Organization | Arthur C And Nanette R Avery Charitable Trust 2886225210 |
| In Care of Name | Jpmorgan Chase Bank Na |
| Address | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,129,847 |
| Amount of Income | $650,158 |
| Form 990 Revenue Amount | $107,415 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $650,158 (it was $382,852 in 2012)
| Arthur C And Nanette R Avery Charitable Trust 2886225210: | $650,158 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2013: $1,129,847 (it was $1,121,288 in 2012)
| Arthur C And Nanette R Avery Charitable Trust 2886225210: | $1,129,847 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $69,506
| This organization: | $69,506 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 9.4
| Arthur C And Nanette R Avery Charitable Trust 2886225210: | 9.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 79.6% |
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 | $39,924 | $41,143 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $24,408 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-1,222 | |||
| Other | $16,738 | |||
| Total expenses and disbursements | $69,506 | $9,387 | $0 | $57,997 |
| Compensation of officers, directors, trustees, etc. | $12,213 | |||
| Total operating and administrative expenses | $14,562 | $9,387 | $3,053 | |
| Contributions, gifts, grants paid | $54,944 | |||
| Excess of revenue over expenses and disbursements | $-29,582 | |||
| Net investment income | $31,756 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,121,288 | $1,208,163 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $623,972 | |
| Investments-corporate bonds | $407,402 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $89,914 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,121,288 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $16,738 |
| 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 | $318 |
| Total credits and payments | $1,920 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,920 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1,602 |
| Amount to be credited to 2013 estimated tax | $320 |
| 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 | $1,200,863 |
| Net value of noncharitable-use assets | $1,182,860 |
| Minimum investment return | $59,143 |
| Distributable Amount (for 2012) | |
| Distributable amount | $58,825 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $58,825 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $55,772 |
| 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 | Oprah Winfrey Charitable Foundation, Oprah Winfrey Ttee | 110 N Carpenter Street, Chicago, IL 60607-2104 | IL | 2010-08 | $67,513,616 |
| 2 | The George E Richmond Foundation | 737 N Michigan Avue Suite 1210, Chicago, IL 60611 | IL | 2007-05 | $39,818,330 |
| 3 | Co Tua R & J Kott Memorial Char | 1049 Lake St Ste 204, Oak Park, IL 60301-6708 | IL | 2005-11 | $23,127,648 |
| 4 | The Dunham Fund | 8 E Galena Blvd Ste 202, Aurora, IL 60506-4161 | IL | 2008-09 | $14,466,206 |
| 5 | Michael And Karyn Lutz Family Foundation | C/O Weltman 485 E Half Day Road, Buffalo Grove, IL 60089 | IL | 2012-05 | $12,695,211 |
| 6 | Segal Family Foundation Ii | 1474 Techny Rd, Northbrook, IL 60062-5447 | IL | 2000-02 | $10,253,848 |
| 7 | Ting Tsung And Wei Fong Chao Foundation | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 2002-03 | $9,199,714 |
| 8 | The@robert D And Alma Moreton Foundation | 10 S Dearborn St Ste 21 Fl, Chicago, IL 60603-2300 | IL | 2012-02 | $6,619,307 |
| 9 | Stuart And Benjamin Abelson Foundation Tr | 131 S Dearborn, Chicago, IL 60603-5517 | IL | 2005-02 | $6,437,870 |
| 10 | Wohlers Family Foundation 02-21185 Ua Wohlers 2001 Chrtbl Tr 082801 | PO BOX 803878, Chicago, IL 60680-3878 | IL | 2004-09 | $5,256,188 |
| 11 | Ts & Juanita Ballance Foundation | 132 S Water St Ste 300, Decatur, IL 62523-2314 | IL | 2009-08 | $5,186,453 |
| 12 | The Santreece Foundation | 100 E Huron St Apt 4503, Chicago, IL 60611-5922 | IL | 2002-04 | $4,761,272 |
| 13 | Wonderful Life Foundation | 6250 N River Rd Ste 9000, Rosemont, IL 60018-4241 | IL | 2000-09 | $4,710,384 |
| 14 | Selma J Hartke Community Foundation | PO BOX 19264, Springfield, IL 62794-9264 | IL | 2001-02 | $4,641,492 |
| 15 | The John And Kathleen Schreiber Foundation | 682 Bank Lane Suite 200, Lake Forest, IL 60045-1808 | IL | 2005-12 | $4,475,859 |
| 16 | Kumar Foundation | 1902 Midwest Club Pkwy, Oak Brook, IL 60523-2525 | IL | 2014-06 | $4,096,270 |
| 17 | The Charlevoix Foundation | 204 E Chicago Ave, Westmont, IL 60559-1725 | IL | 2011-02 | $3,899,266 |
| 18 | The Bill Bass Foundation, Schwartz Marc Et Al Co-Ttee | 55 W Monroe St Ste 3550, Chicago, IL 60603-5020 | IL | 2006-08 | $3,844,743 |
| 19 | Henry And Sara Sheehan Foundation | 310 N Kensington Ave, La Grange Pk, IL 60526-1870 | IL | 2012-12 | $3,511,477 |
| 20 | Moller Family Foundation | 1006 Forest Ave, River Forest, IL 60305-1358 | IL | 2012-11 | $3,467,562 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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