Pauline Schwartz Trust, City Trust Co 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
| Pauline Schwartz Trust, City Trust Co | |
| Employer Identification Number (EIN) | 066117972 |
| Name of Organization | Pauline Schwartz Trust |
| Secondary Name | City Trust Co |
| In Care of Name | Jpmorgan Chase Bank Na |
| Address | 10 S Dearborn, Chicago, IL 60603-2300 |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Foundation | All organizations except 501(c)(3) |
| Organization | Association |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| 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 | $103,266 |
| Amount of Income | $45,713 |
| Form 990 Revenue Amount | $7,421 |
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 | $4,537 | $4,649 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $2,479 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-112 | |||
| Other | $2,170 | |||
| Total expenses and disbursements | $5,567 | $1,570 | $0 | $3,872 |
| Compensation of officers, directors, trustees, etc. | $1,474 | |||
| Total operating and administrative expenses | $2,476 | $1,570 | $781 | |
| Contributions, gifts, grants paid | $3,091 | |||
| Excess of revenue over expenses and disbursements | $-1,030 | |||
| Net investment income | $3,079 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $101,649 | $111,359 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $86,744 | |
| Investments-corporate bonds | $12,223 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $2,682 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $101,649 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $2,170 |
| 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 | $62 |
| Total credits and payments | $125 |
| 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) | $125 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $63 |
| Amount to be credited to 2013 estimated tax | $63 |
| 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 | $108,816 |
| Net value of noncharitable-use assets | $107,180 |
| Minimum investment return | $5,359 |
| Distributable Amount (for 2012) | |
| Distributable amount | $5,297 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $5,297 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $3,837 |
| 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 | Partners For Progress Nfp | PO BOX 832, Mundelein, IL 60060-0832 | IL | 2006-04 | $776,360 |
| 2 | Patricia Hewitt Silence Memorial Trust 78985 | 10 S Dearborn St, Chicago, IL 60603-2300 | IL | 1972-09 | $10,882 |
| 3 | Patrick And Anna M Cudahy Fund | 333 N Michigan Ave Ste 510, Chicago, IL 60601-3934 | IL | 1949-11 | $2,745,342 |
| 4 | Paul & Adelyn C Shumaker Trust | 10 S Dearborn St Ste 21 Fl, Chicago, IL 60603-2300 | IL | 1970-04 | $484,726 |
| 5 | Paul A Witty Tr | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1977-03 | $231,881 |
| 6 | Paul M Warburg Fund 40036683 | PO BOX 1762, Chicago, IL 60690-1762 | IL | 1972-06 | $1 |
| 7 | Paul Mackall & E E B Mackall Tr Pt 16276 | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1900-12 | $5,245,511 |
| 8 | Paul Schultz & Ruth Schultz Foundation Inc | 111 W Monroe St, Chicago, IL 60603-4096 | IL | 1997-06 | $121,013 |
| 9 | Paula E & Emil P Hunkel Memorial Tr | 111 W Monroe St, Chicago, IL 60603-4096 | IL | 1977-12 | $848,511 |
| 10 | Pauline Nagle Knight Charitable Tr No 5489, Texas Commerce Bank Na Trustee | 10 S Dearborn, Chicago, IL 60603-2300 | IL | $49,016 | |
| 11 | Pauline Schwartz Trust, City Trust Co | 10 S Dearborn, Chicago, IL 60603-2300 | IL | $45,713 | |
| 12 | Pd & J Paulsell Charitable Trust 0482114312 | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | $421,976 | |
| 13 | Peter F Ruiz Tr Fbo Seminary Students | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 2000-06 | $2,374 |
| 14 | Peter F Ruiz Trust Fbo Certain Seminaries In Bolivia & Chile S Am | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1975-08 | $15,275 |
| 15 | Peter Ruiz Trust Fbo Carthus Ian Monks, 76097 | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1975-08 | $15,275 |
| 16 | Peter Simon Veeder Scholarship Fund Created By Louise Nixon Lamson, City Natl Bk Of Connecticut | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1998-09 | $284,861 |
| 17 | Peter T Whitaker Tr Fro Bethany College, Bank One West Virginia Wheeling Na | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1998-08 | $62,483 |
| 18 | Phoebe Humphreys Prptl Tr | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1998-09 | $620,679 |
| 19 | Phyllis Crook Trust Uwo 6857010000 | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 2000-05 | $620,611 |
| 20 | Pinehaven Farm A Sanctuary Inc | 7401 S Mulford Rd, Cherry Valley, IL 61016-9607 | IL | 2001-11 | $102,466 |
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