Clarence B Nowlan Trust 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
| Clarence B Nowlan Trust | |
| Employer Identification Number (EIN) | 066022566 |
| Name of Organization | Clarence B Nowlan Trust |
| In Care of Name | Jpmorgan Chase Bank |
| Address | 10 S Dearborn, Chicago, IL 60603-2300 |
| Subsection | Charitable Organization |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $105,914 |
| Amount of Income | $45,411 |
| Form 990 Revenue Amount | $8,097 |
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 | $6,075 | $6,414 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $2,621 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-116 | |||
| Other | $3,570 | |||
| Total expenses and disbursements | $7,351 | $2,372 | $0 | $4,871 |
| Compensation of officers, directors, trustees, etc. | $3,093 | |||
| Total operating and administrative expenses | $3,253 | $2,372 | $773 | |
| Contributions, gifts, grants paid | $4,098 | |||
| Excess of revenue over expenses and disbursements | $-1,276 | |||
| Net investment income | $4,042 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $107,191 | $117,297 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $85,676 | |
| Investments-corporate bonds | $12,676 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $8,839 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $107,191 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $3,570 |
| 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 | $81 |
| Total credits and payments | $150 |
| 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) | $150 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $69 |
| Amount to be credited to 2013 estimated tax | $69 |
| 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 | $115,181 |
| Net value of noncharitable-use assets | $113,460 |
| Minimum investment return | $5,673 |
| Distributable Amount (for 2012) | |
| Distributable amount | $5,592 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $5,592 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $4,819 |
| 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 | Clapham School | PO BOX 209, Wheaton, IL 60187-0209 | IL | 2006-11 | $1,235,205 |
| 2 | Clapper Fam Char Foundation Inc, Mraz Bryan E Reg Agent | 43w060 Ickenham Ln, Elgin, IL 60124-8728 | IL | 1998-11 | $133,402 |
| 3 | Clara & Kurt Hellmuth Foundation Inc | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1967-09 | $368,617 |
| 4 | Clara A Eddy Trust 2620011200, First Natl Bank Of Chicago Trustee | 10 S Dearborn, Chicago, IL 60603-2300 | IL | $26,510 | |
| 5 | Clara Abbott Foundation, The Northern Tr Co | 1175 Tri-State Pkwy Ste 200, Gurnee, IL 60031-9141 | IL | 1999-12 | $88,634,627 |
| 6 | Clara E Trible Trust Uw 07-19-83 | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1999-04 | $53,972 |
| 7 | Clara E Vangader Trust Uw 6865019700 | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1971-12 | $92,572 |
| 8 | Clare Foundation | 945 E 93rd St, Chicago, IL 60619-7813 | IL | 1997-05 | $4,592,780 |
| 9 | Clare Oaks | 825 Carillon Dr, Bartlett, IL 60103-4581 | IL | 2005-05 | $19,223,332 |
| 10 | Clare Of Assisi Homes-Westminster Inc | PO BOX 667, Wheaton, IL 60187-0667 | IL | 1946-03 | $440,829 |
| 11 | Clarence B Nowlan Trust | 10 S Dearborn, Chicago, IL 60603-2300 | IL | $45,411 | |
| 12 | Clarence B Vaughan Trust Uw Art 9 Ix Memorial Fund 323-35621101, Fleet National Bank | 231 S Lasallle St Il 1-231-10-07, Chicago, IL 60697-0001 | IL | 2014-04 | $1,036,386 |
| 13 | Clarence Darrow Commemorative Committee | 77 W Washington St Ste 711, Chicago, IL 60602-3271 | IL | 1994-06 | $666 |
| 14 | Clarence Foundation | PO BOX 1283, Westmont, IL 60559-3883 | IL | 1997-12 | $14,300 |
| 15 | Clarence G Tortorell Charitable Trust | PO BOX 803878, Chicago, IL 60680-3878 | IL | 1991-12 | $1,601,758 |
| 16 | Clarence J Shoemaker Band Scholarship Trust | 700 S Lafayette St, Mocomb, IL 61455-2954 | IL | 1989-10 | $3,551 |
| 17 | Clarence L Coleman Jr And Lillian S Coleman Foundation | 1229 Scott Ave, Winnetka, IL 60093-1442 | IL | 1958-01 | $20,005 |
| 18 | Clarence M Butler Trust | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1993-06 | $30,172 |
| 19 | Clarence Tomlinson Charitable Trust | 9 Lamplighter Cir, Mt Pulaski, IL 62548-6060 | IL | 1948-08 | $181,105 |
| 20 | Clarence W & Ida W Klassen Charitable Foundation | PO BOX 79, Springfield, IL 62705-0079 | IL | 2007-10 | $49,070 |
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