Borrowed Time 151 Charitable Foundation in Columbia, Illinois (IL)
Table of contents:
| Borrowed Time 151 Charitable Foundation | |
| Employer Identification Number (EIN) | 460995482 |
| Name of Organization | Borrowed Time 151 Charitable Foundation |
| In Care of Name | Sean P Clancy |
| Address | 852 Autumn Rise Ln, Columbia, IL 62236-2873 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2012 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $19,644 |
| Amount of Income | $36,798 |
| Form 990 Revenue Amount | $27,223 |
| National Taxonomy of Exempt Entities (NTEE) | Diseases, Disorders, Medical Disciplines: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $36,798 (it was $4,096 in 2012)
| Borrowed Time 151 Charitable Foundation: | $36,798 |
| Other organizations performing similar types of work: | $63,282 |
Assets in 2013: $19,644 (it was $2,996 in 2012)
| Borrowed Time 151 Charitable Foundation: | $19,644 |
| Other organizations performing similar types of work: | $31,552 |
Expenses in 2013: $10,575
| Borrowed Time 151 Charitable Foundation: | $10,575 |
| Other organizations performing similar types of work: | $40,991 |
Income to expenses ratio in 2013: 3.5
| Borrowed Time 151 Charitable Foundation: | 3.5 |
| Other organizations performing similar types of work: | 3.3 |
Grants share in income in 2013: 98.8%
| This organization: | 98.8% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $3,911 | $27,223 |
| Contributions, gifts, grants, and similar amounts received | $3,911 | $26,883 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross income from gaming | $0 | $430 |
| Gross income from fundraising events | $185 | $8,666 |
| Less: direct expenses from gaming and fundraising events | $185 | $9,096 |
| Gross profit/loss from sales of inventory | $0 | $340 |
| Gross sales of inventory, less returns and allowances | $0 | $819 |
| Less: cost of goods sold | $0 | $479 |
| Other revenue | $0 | $0 |
| Total expenses | $915 | $10,575 |
| Total net assets | $2,996 | $19,644 |
| Excess/Deficit for the year | $2,996 | $16,648 |
| Net assets or fund balances at beginning of year | $0 | $2,996 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $2,996 | $19,644 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $2,996 | $19,644 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $2,996 | $19,644 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No |
| Total amount involved | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $37,246 |
| Subtotal Support | $40,339 |
| Gifts, grants, contributions, and membership fees received | $40,339 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $3,093 |
| Total Support | $40,894 |
| Public Support | $40,339 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $555 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $40,339 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Danny Did Foundation | 6282 N Leona Ave, Chicago, IL 60646-4830 | IL | 2010-04 | $1,169,714 |
| 2 | American Friends Of Gateshead Talmudical College | 5359 N Bernard St, Chicago, IL 60625-4703 | IL | 2014-01 | $341,519 |
| 3 | Dancing With Chicago Celebrities | 116 W Illnois, Chicago, IL 60654-6565 | IL | 2012-09 | $267,692 |
| 4 | A Giving Heart Foundation | 25 E Superior St Apt 3005, Chicago, IL 60611-2646 | IL | 2011-11 | $163,540 |
| 5 | Spinal Cord Injury Sucks Nfp | 21 E Huron St Apt 3104, Chicago, IL 60611-3935 | IL | 2008-07 | $121,792 |
| 6 | Randy Wells Foundation 36 | 2 Red Fox Rd, Belleville, IL 62223-2238 | IL | 2010-10 | $99,891 |
| 7 | Dani Lococo Foundation | 21567 W Hampshire Pl, Mundelein, IL 60060-9128 | IL | 2010-11 | $71,342 |
| 8 | Janice Mcardle Cancer Research Foundation Inc | 3575 Scottsdale Cir, Naperville, IL 60564-4631 | IL | 2011-05 | $60,907 |
| 9 | Elgin Cosmopolitan Club | PO BOX 6166, Elgin, IL 60121-6166 | IL | 2012-11 | $57,663 |
| 10 | Borrowed Time 151 Charitable Foundation | 852 Autumn Rise Ln, Columbia, IL 62236-2873 | IL | 2012-12 | $36,798 |
| 11 | Royal Ball Run For Autism Inc | 8814 33rd St W, Rock Island, IL 61201-7500 | IL | 2013-11 | $36,213 |
| 12 | Tony Derosa Foundation | 1041 Linden Ave, Wilmette, IL 60091-2727 | IL | 2001-05 | $7,076 |
| 13 | Different Shades Of Pink | 4550 S Lake Park Ste Ll, Chicago, IL 60653-4603 | IL | 2012-06 | $3,229 |
| 14 | Angel Gabriel Foundation | 1005 Washington Blvd Apt 1b, Oak Park, IL 60302 | IL | 2013-04 | $0 |
| 15 | Ann & Raymond Gath Memorial Foundation Nfp | 2 E Oak St 1810, Chicago, IL 60611 | IL | 2010-08 | $0 |
| 16 | Bella Soul Nfp | 419 Zook Ct, Metamora, IL 61548 | IL | 2014-09 | $0 |
| 17 | Cancer Smashers Inc | 1023 W 55th St, Lagrange, IL 60525 | IL | 2013-04 | $0 |
| 18 | Chicago Blood Cancer Foundation | 123 N Wacker Dr Ste 1800, Chicago, IL 60606-1770 | IL | 2010-04 | $0 |
| 19 | Crop For A Cause | 126 Amherst Dr, Bartlett, IL 60103 | IL | 2012-07 | $0 |
| 20 | Elizabeth Stavros Memorial Fund Inc | 128 Coolidge Ave, Barrington, IL 60010 | IL | 2006-06 | $0 |
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| Total | 1,359 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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