Ada Schupp Foundation in Chicago, Illinois (IL)

Organization representatives - add corrected or new information about Ada Schupp Foundation »

Non-representatives - add comments about Ada Schupp Foundation»

Ada Schupp Foundation
Employer Identification Number (EIN)300489735
Name of OrganizationAda Schupp Foundation
In Care of NameThomas Bucaro
Address53 W Jackson Blvd Ste 820, Chicago, IL 60604-3486
SubsectionCharitable Organization
Ruling Date04/2014
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$3,864,981
Amount of Income$1,741,918
Form 990 Revenue Amount$1,168,895
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution


Non-representatives - add comments:


CAPTCHA

Your IP address 35.168.112.145 will be logged.

Amount of income in 2013: $1,741,918
Ada Schupp Foundation: 

 $1,741,918
Other organizations performing similar types of work: 

 $72,190

Assets in 2013: $3,864,981
Ada Schupp Foundation: 

 $3,864,981
Other organizations performing similar types of work: 

 $42,723

Expenses in 2013: $145,812
This organization: 

 $145,812
Other organizations performing similar types of work: 

 $42,209

Income to expenses ratio in 2013: 11.9
Ada Schupp Foundation: 

 11.9
Other organizations performing similar types of work: 

 0.4

Grants share in income in 2013: 90.0%
This organization: 

 90.0%
Other organizations performing similar types of work: 

 4.7%

Financial snapshot for 2013 ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$1,168,895$126,600$7,260
Contributions, gifts, grants, etc., received$1,051,588
Interest on savings and temporary cash investments$0
Dividends and interest from securities$126,600
Gross rents$0
Gross sales price for all assets$563,730
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$145,812$33,812$0$112,000
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$5,000
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$35,812$33,812$2,000
Contributions, gifts, grants paid$110,000
Excess of revenue over expenses and disbursements$1,023,083
Net investment income$92,788
Adjusted net income$7,260
Balance Sheets
2013
Book ValueFair Market Value
Total assets$3,864,981$4,490,767
Cash - non-interest-bearing$835,624
Investments-U.S. and state government obligations$0
Investments-corporate stock$3,029,357
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other assets$0
Total liabilities$0
Total liabilities and net assets/fund balances$3,864,981
Capital Gains and Losses for Tax on Investment Income
2013
Capital gain net income$0
Net capital loss$-9,293
Excise Tax Based on Investment Income
2013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$1,856
Total credits and payments$5,754
Current year estimated tax payments and previous year's overpayment credited to current year$754
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$5,000
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$3,898
Amount to be credited to next year's estimated tax$3,898
Statements Regarding Activities
2013
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
Has the foundation engaged in any activities that have not previously been reported to the IRS?No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?No
Has the foundation filed a tax return on Form 990-T for this year?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?No
Did any persons become substantial contributors during the tax year?Yes
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041No
Statements Regarding Activities for Which Form 4720 May Be Required
2013
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
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?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 have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?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
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
Minimum Investment Return
2013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$4,421,780
Net value of noncharitable-use assets$4,355,453
Minimum investment return$217,773
Distributable Amount
2013
Distributable amount$215,917
Undistributed Income
2013
Distributable amount for this year$215,917
Undistributed income for this year. This amount must be distributed in the next year$208,275
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Ada Schupp Foundation to others? (optional)
  
Add photo of Ada Schupp Foundation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Rotary International, South Hill Rotary ClubPO BOX 922, South Hill, VA 23970-0922VA2008-06$70,044
2Ada Schupp Foundation53 W Jackson Blvd Ste 820, Chicago, IL 60604-3486IL2014-04$1,741,918
3Walter And Phyllis Ann Borten Foundation10 S Dearborn Il1-0117, Chicago, IL 60603-2300IL2010-08$1,172,155
4Morton Grove Days Commission6101 Capulina Ave, Morton Grove, IL 60053-2902IL2014-08$145,891
5Sweet Hope Chicago Nfp2504 N Orchard St Ste 1, Chicago, IL 60614-2512IL2004-03$107,732
6Mccormack Family Foundation6877 N Jean Ave, Chicago, IL 60646-1350IL2009-07$101,781
7Young Irish Fellowship Club Of Chicago CharitiesC/O Old St Patricks Church 711 W, Chicago, IL 60661IL1999-12$86,556
8Whisper Memorial Foundation5532 Durand Dr, Downers Grove, IL 60515-4265IL2008-11$84,850
9Cook County Bar Association Bench & Bar Spouses4325 S Oakenwald Ave, Chicago, IL 60653-3705IL2008-12$66,803
10Kevin Meyer Memorial Foundation5323 Bundle Flower Ct, Naperville, IL 60564-4333IL2009-07$61,893
11Regular Grand Lodge Of Illinois1533 S Pulaski Rd, Chicago, IL 60623-1953IL2005-05$61,436
12Rockets FoundationPO BOX 56, Mount Carmel, IL 62863-0056IL2014-08$56,525
13Wilmette Harbor Rotary Club FoundationPO BOX 731, Wilmette, IL 60091-0731IL2005-09$53,975
14Silverman-Sutherland Family Foundation984 Spruce St, Winnetka, IL 60093-2217IL2000-12$50,014
15Friends Of Fred Inc10224 S Saint Louis Ave, Evergreen Pk, IL 60805-3728IL2011-04$46,874
16Sherry Lee Goldberg Cares Foundation Inc2801 Lakeside Dr Ste 300, Bannockburn, IL 60015-1275IL2014-09$46,296
17Sons & Daughters Of Italy In America904 S Roselle Rd, Schaumburg, IL 60193-3963IL2010-02$43,649
18Rotary Club Of Chicagoland Korean-Northbrook Charitable Proje2241 White Oak Dr, Northbrook, IL 60062-6359IL2009-12$31,310
19Books To Benefit223 Leland St, Bloomington, IL 61701IL2014-04$29,370
20Deerfield Lions Club FoundationPO BOX 11, Deerfield, IL 60015-0011IL2008-08$27,358
Number of organizations performing similar types of work
Alaska6
Alabama40
Arkansas22
Arizona64
California413
Colorado82
Connecticut60
District of Columbia24
Delaware23
Florida243
Georgia99
Hawaii14
Iowa31
Idaho14
Illinois135
Indiana57
Kansas27
Kentucky41
Louisiana31
Massachusetts116
Maryland90
Maine12
Michigan90
Minnesota68
Missouri61
Mississippi13
Montana14
North Carolina108
North Dakota7
Nebraska16
New Hampshire17
New Jersey148
New Mexico10
Nevada35
New York266
Ohio131
Oklahoma35
Oregon47
Pennsylvania143
Rhode Island26
South Carolina46
South Dakota11
Tennessee50
Texas243
Utah31
Virginia114
Vermont7
Washington72
Wisconsin58
West Virginia18
Wyoming8
International7
Total3,544

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Ada Schupp Foundation and has no official or unofficial affiliation with Ada Schupp Foundation