American Legacy Collection Foundation in Chicago, Illinois (IL)

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American Legacy Collection Foundation
Employer Identification Number (EIN)050625386
Name of OrganizationAmerican Legacy Collection Foundation
In Care of NameKay Smith
Address2239 N Burling St, Chicago, IL 60614-3711
SubsectionCharitable Organization
Ruling Date12/2006
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$5,866
Amount of Income$5,000
Form 990 Revenue Amount$1
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Museum, Museum Activities


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Amount of income in 2013: $5,000 (it was $1 in 2012)
This organization: 

 $5,000
Other organizations performing similar types of work: 

 $69,335

Assets in 2013: $5,866 (it was $3,080 in 2012)
American Legacy Collection Foundation: 

 $5,866
Other organizations performing similar types of work: 

 $145,105

Expenses in 2012: $819
This organization: 

 $819
Other organizations performing similar types of work: 

 $47,186

Income to expenses ratio in 2012: 6.1
This organization: 

 6.1
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 26.3%

Financial snapshot ($)

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$1$0$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$1
Total expenses and disbursements$819$0$0$819
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$819$0$819
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-819
Net investment income$0
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$3,080$1,003,080
Cash - non-interest-bearing$3,080
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$3,080
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
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$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
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?Yes
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$1,003,440
Net value of noncharitable-use assets$988,380
Minimum investment return$49,419
Distributable Amount (for 2012)
Distributable amount$0
Undistributed Income (for 2012)
Distributable amount for 2012$0
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
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$819$735$1,292$1,945$4,791
Value of all assets$1,003,080$1,003,899$1,004,634$1,002,426$4,014,039
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Trust For African Rock Arts77 W Wacker Dr, Chicago, IL 60601-1604IL2001-09$595,502
2Peoria Riverfront Museum222 Sw Washington St, Peoria, IL 61602-2500IL2011-02$2,684,919
3Bielenberg Historic Pullman Housefoundation1313 175th St, Homewood, IL 60430-4606IL2008-06$400,040
4Dekalb Area Agricultural Heritage Association Inc111 S 2d St, De Kalb, IL 60115IL2010-11$168,378
5Wright House Property Nfp2990 N Perryville Rd Unit 1400, Rockford, IL 61107-6827IL2003-11$134,497
6Legacy Project, Legacy Walk3018 N Clybourn Ave, Chicago, IL 60618IL2011-06$112,414
7Litchfield Museum & Route 66 Welcome CenterPO BOX 43, Litchfield, IL 62056-0043IL2012-03$111,974
8Western Illinois Museum201 S Lafyt St, Macomb, IL 61455-2231IL2001-10$111,954
9Chicago Collections Consortium Inc Nfp2350 N Kenmore Ave 116d, Chicago, IL 60614-3210IL2014-01$91,631
10Legends & Legacies Foundation401 N May Street, Chicago, IL 60642IL2013-07$46,156
11Illinois High School Basketball Hall Of Fame & MuseumPO BOX 1, Pinckneyville, IL 62274-0001IL2008-09$42,564
12Mercer County Historical SocietyPo Box 269, Aledo, IL 61231IL2014-05$38,630
13Lake Bluff History MuseumPO BOX 250, Lake Bluff, IL 60044-0250IL1996-08$38,548
14American Toby Jug Museum910 Chicago Avenue No 105, Evanston, IL 60202IL2009-04$32,390
15Scott Field Heritage Park216 E A St, Belleville, IL 62220-1403IL1999-10$30,125
16Chicago Literary Hall Of Fame8519 Karlov Ave, Skokie, IL 60076-2104IL2014-01$18,452
17National Museum Of Health And Medicine Chicago175 W Washington Street, Chicago, IL 60602-2313IL2010-12$14,507
18Paulsons Agriculture Museum Of ArgylePo Box 1030, Roscoe, IL 61073IL2008-03$11,113
19American Legacy Collection Foundation2239 N Burling St, Chicago, IL 60614-3711IL2006-12$5,000
20Spinelli Equipment Museum NfpC/O Andrew J Spinelli 748 Hickman, Woodstock, IL 60098IL2008-08$380
Number of organizations performing similar types of work
Alaska12
Alabama38
Arkansas28
Arizona44
California277
Colorado64
Connecticut37
District of Columbia17
Delaware10
Florida130
Georgia75
Hawaii20
Iowa54
Idaho20
Illinois84
Indiana71
Kansas48
Kentucky37
Louisiana50
Massachusetts67
Maryland54
Maine40
Michigan76
Minnesota41
Missouri63
Mississippi32
Montana17
North Carolina76
North Dakota13
Nebraska23
New Hampshire16
New Jersey58
New Mexico29
Nevada23
New York175
Ohio107
Oklahoma56
Oregon52
Pennsylvania99
Rhode Island11
South Carolina41
South Dakota13
Tennessee42
Texas216
Utah27
Virginia68
Vermont10
Washington71
Wisconsin65
West Virginia24
Wyoming15
International8
Total2,844

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