Smith Charitable Foundation in Rockford, 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
| Smith Charitable Foundation | |
| Employer Identification Number (EIN) | 366078557 |
| Name of Organization | Smith Charitable Foundation |
| In Care of Name | Jp Morgan Chase Bank |
| Address | 113 Lawn Pl, Rockford, IL 61103-7137 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1960 |
| 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 | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,264,090 |
| Amount of Income | $448,403 |
| Form 990 Revenue Amount | $238,002 |
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 | $126,732 | $125,474 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $97,443 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-3,415 | |||
| Other | $32,704 | |||
| Total expenses and disbursements | $88,770 | $10,499 | $0 | $76,515 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $12,270 | $10,499 | $15 | |
| Contributions, gifts, grants paid | $76,500 | |||
| Excess of revenue over expenses and disbursements | $37,962 | |||
| Net investment income | $114,975 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,096,175 | $3,419,134 |
| Cash - non-interest-bearing | $3,236 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,591,627 | |
| Investments-corporate bonds | $68,718 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,298,975 | |
| Other | $133,619 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,096,175 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $32,704 |
| 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 | $2,300 |
| Total credits and payments | $158 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $158 |
| 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 | $49 |
| Tax due | $2,191 |
| 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? | No |
| 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 | $3,280,769 |
| Net value of noncharitable-use assets | $3,231,560 |
| Minimum investment return | $161,578 |
| Distributable Amount (for 2012) | |
| Distributable amount | $159,278 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $159,278 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $62,391 |
| 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 | Samra William & Rose Hossan Endow Fund Tr Pt 21689 Nect | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | $40,380 | |
| 2 | Samuel P & Gertrude Weller Perpetual Tr Uw M Weller Fbo S A | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1970-12 | $117,838 |
| 3 | Sarah Beardsley Fbo Bridgeport Hospital | 10 S Dearborn Ili 0117, Chicago, IL 60603 | IL | $114,773 | |
| 4 | Sarah Duduit Snyder Memorial Fund 12221883 | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1970-12 | $300,027 |
| 5 | Sebastian D Lawrence Tr Uw Fbo The Joseph Lawrence Free Public Hosp | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1970-12 | $101,041 |
| 6 | Sherwood Crocker Trust Ua 00437 | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | $490,065 | |
| 7 | Sigma Chi Fraternity, Alpha Lambda Chap Univ Of Wisconsin | 2125 W Moffat St, Chicago, IL 60647-5521 | IL | 1937-02 | $185,499 |
| 8 | Silverman Family Foundation Tr, C-O Albert A Silverman | 111 W Monroe St Tax Div 10c, Chicago, IL 60603 | IL | 1993-08 | $2,287,852 |
| 9 | Simpson Charitable Tr Fbo Burn Foundation | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1996-07 | $278,283 |
| 10 | Skelton Scholarship Fund | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1999-07 | $24,271 |
| 11 | Smith Charitable Foundation | 113 Lawn Pl, Rockford, IL 61103-7137 | IL | 1960-07 | $448,403 |
| 12 | Society Of The New York Hospital Trust Nect | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1970-12 | $614,569 |
| 13 | Society Of Women Geographers Tr R50791004 | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1976-01 | $140,550 |
| 14 | Sol Strauss Charitable Trust Nect | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1973-09 | $50,777 |
| 15 | Sommer Family Foundation Inc | 656 W Randolph St Ste 5e, Chicago, IL 60661-2165 | IL | 1984-01 | $738,840 |
| 16 | South Highlands Methodist Espiscopal Church Tr U/W B Mccabe | PO BOX 1762, Chicago, IL 60690-1762 | IL | 1972-03 | $581 |
| 17 | Southhampton School Dist 6 P62402006 | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1997-12 | $500,269 |
| 18 | Southold Historical Society Trust | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | $426,544 | |
| 19 | The Legris Foundation | 6901 N Galena Rd No 109, Peoria, IL 61614-3111 | IL | 1996-01 | $94,341 |
| 20 | Steppingstones Academy Inc | 3949 Hester Ln, Salem, IL 62881-6657 | IL | 1994-10 | $5,670 |
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