Mary Howes Woodsmall Memorial For The Encouragement Of The Arts 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
| Mary Howes Woodsmall Memorial For The Encouragement Of The Arts | |
| Employer Identification Number (EIN) | 356008883 |
| Name of Organization | Mary Howes Woodsmall Memorial For The Encouragement Of The Arts |
| Address | 10 S Dearborn, Chicago, IL 60603-2300 |
| Activities | Other cultural or historical activities, Other school related activities |
| Subsection | Educational Organization |
| Ruling Date | 03/1952 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 10/2012 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $75,335 |
| Amount of Income | $33,159 |
| Form 990 Revenue Amount | $6,083 |
Non-representatives - add comments:
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 | $1,463 | $1,359 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,471 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $8,815 | $1,325 | $0 | $7,389 |
| Compensation of officers, directors, trustees, etc. | $1,154 | |||
| Total operating and administrative expenses | $2,128 | $1,325 | $702 | |
| Contributions, gifts, grants paid | $6,687 | |||
| Excess of revenue over expenses and disbursements | $-7,352 | |||
| Net investment income | $34 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $75,335 | $82,143 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $50,951 | |
| Investments-corporate bonds | $10,734 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $10,200 | |
| Other | $3,450 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $75,335 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-8 |
| 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 | $100 |
| 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) | $100 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $100 |
| Amount to be credited to 2013 estimated tax | $100 |
| 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 | $85,663 |
| Net value of noncharitable-use assets | $84,380 |
| Minimum investment return | $4,219 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,600 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,600 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $3,898 |
| 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 | Martin Education Trust | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1981-06 | $32,618 |
| 2 | Martin Faust & Edna Faust Sophienburg Memorial Trust | 10 S Dearborn, Chicago, IL 60603-2300 | IL | $251,796 | |
| 3 | Martin J Taub & Irene M Taub Memorial Fund | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1995-12 | $284,718 |
| 4 | Mary A Smith Tr Fbo Canton Methodist Church 24202006 | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1993-12 | $77,586 |
| 5 | Mary B Ledwith Charitable Tr | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1989-04 | $1,279,551 |
| 6 | Mary D Schultz Tr Fbo Fairfield Heritage Assoc | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1980-04 | $2,200 |
| 7 | Mary E Kale Trut Fboepworth New Methodist Church 2820784500 | 10 S Dearborn, Chicago, IL 60603-2300 | IL | $25,830 | |
| 8 | Mary Emma Fisher Trust 33880006 | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 2003-02 | $362,054 |
| 9 | Mary F Sorrell Charitable Foundation Tr | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | $115,195 | |
| 10 | Mary Foley Walsh Charitable Tr | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 2008-02 | $307,526 |
| 11 | Mary Howes Woodsmall Memorial For The Encouragement Of The Arts | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1952-03 | $33,159 |
| 12 | Mary Jo Gheens Hill Foundation Trust Fbo Historic Homes Inc | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1984-02 | $34,278 |
| 13 | Mary Jo Gheens Hill Tr Fbo American Red Cross 3402285200 | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1984-04 | $25,987 |
| 14 | Mary Jo Gheens Hill Tr Fbo Broadway Baptist Church | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1984-02 | $35,936 |
| 15 | Mary Jo Gheens Hill Tr Uw Fbo So Baptist Theological Seminary | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1984-03 | $400,170 |
| 16 | Mary L Medlock Tr | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 2008-12 | $4,694,171 |
| 17 | Mary Louise Hesse Trust 6801243800 | 10 S Dearborn, Chicago, IL 60603-2300 | IL | $402,613 | |
| 18 | Mary M & Emmett J Doerr Char Tr | 111 W Monroe St Fl 10c, Chicago, IL 60603-4098 | IL | 2002-02 | $1,840,788 |
| 19 | Mary Madge Barrick Trust 6801167000 | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | $8,097 | |
| 20 | Mary Mikesell Charitable Tr | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 2001-05 | $58,052 |
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