Foundation For The Mount Prospect Public Library in Mount Prospect, Illinois (IL)
Table of contents:
| Foundation For The Mount Prospect Public Library | |
| Employer Identification Number (EIN) | 364187472 |
| Name of Organization | Foundation For The Mount Prospect Public Library |
| In Care of Name | Suzanne Busse |
| Address | 10 South Emerson Street, Mount Prospect, IL 60056 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1998 |
| 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 | 2014 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $234,413 |
| Amount of Income | $56,303 |
| Form 990 Revenue Amount | $56,303 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $56,303 (it was $0 in 2012)
| Foundation For The Mount Prospect Public Library: | $56,303 |
| Other organizations performing similar types of work: | $29,036 |
Assets in 2014: $234,413 (it was $0 in 2012)
| This organization: | $234,413 |
| Other organizations performing similar types of work: | $79,636 |
Expenses in 2011: $37,919
| This organization: | $37,919 |
| Other organizations performing similar types of work: | $20,046 |
Income to expenses ratio in 2011: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 82.0%
| Foundation For The Mount Prospect Public Library: | 82.0% |
| Other organizations performing similar types of work: | 7.7% |
Revenue for 2011
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011) | |
| Total revenue | $56,303 |
| Contributions, gifts, grants, and similar amounts received | $46,186 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $2,337 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $7,085 |
| Gross income from gaming | $0 |
| Gross income from fundraising events | $8,065 |
| Less: direct expenses from gaming and fundraising events | $980 |
| Gross profit from sales of inventory | $695 |
| Gross sales of inventory, less returns and allowances | $738 |
| Less: cost of goods sold | $43 |
| Other revenue | $0 |
| Total expenses | $37,919 |
| Total net assets | $234,413 |
| Excess for the year | $18,384 |
| Net assets or fund balances at beginning of year | $216,029 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2011) | |
| Total assets | $234,413 |
| Total liabilities | $0 |
| Net assets or fund balances | $234,413 |
| Other Information (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total support | $162,338 |
| Gifts, grants, contributions, and membership fees received | $88,289 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $49,654 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $24,395 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Zelpha E Mckinnon University Of Michigan-Flint Tr | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 2000-11 | $247,817 |
| 2 | Geneva Library Foundation | 127 James St, Geneva, IL 60134 | IL | 2012-01 | $83,497 |
| 3 | Huntley Area Public Library District Friends Foundation | 11000 Ruth Road, Huntley, IL 60142 | IL | 2010-04 | $55,255 |
| 4 | Beardstown Houston Memorial Library Foundation | 300 Washington St, Beardstown, IL 62618-1194 | IL | 2000-03 | $54,310 |
| 5 | The Vivian G Harsh Society Inc, Harsh Society | PO BOX 438157, Chicago, IL 60643-8157 | IL | 2003-06 | $43,598 |
| 6 | Lake Villa District Library Foundation Inc | 1001 E Grand Ave, Lake Villa, IL 60046-9085 | IL | 2004-07 | $9,267 |
| 7 | Rd Foundation | 342 Bienterra Trail, Rockford, IL 61107 | IL | 2004-01 | $6,000 |
| 8 | Collinsville Memorial Public Library Foundation | 1234 St Louis Rd, Collinsville, IL 62234 | IL | 1999-12 | $86 |
| 9 | Beecher Community Library Foundation | PO BOX 815, Beecher, IL 60401 | IL | 1999-09 | $0 |
| 10 | Dundee Township Public Library District Foundation Inc | 555 Barrington Ave, East Dundee, IL 60118-1422 | IL | 2008-12 | $0 |
| 11 | Friends Of Gillespie Public Library | Po Box 36, Gillespie, IL 62033 | IL | 2000-07 | $0 |
| 12 | Friends Of The Batavia Library | 10 S Batavia Ave, Batavia, IL 60510 | IL | 2006-07 | $0 |
| 13 | Friends Of The Budlong Woods Branch Of The Chicago Public Library | 5630 N Lincoln Ave, Chicago, IL 60659-4958 | IL | 2004-08 | $0 |
| 14 | Friends Of The Chicago Heights Free Public Library | 25 W 15th St, Chicago Heights, IL 60411-3488 | IL | 2008-11 | $0 |
| 15 | Friends Of The Eisenhower Library | 4613 N Oketo Avenue, Harwood Heights, IL 60706 | IL | 2011-12 | $0 |
| 16 | Friends Of The Glen Carbon Centennial Library | 198 South Main Street, Glen Carbon, IL 62034 | IL | 2010-04 | $0 |
| 17 | Friends Of The Harvard Diggins Library Inc | 900 East Mckinley Street, Harvard, IL 60033 | IL | 2013-05 | $0 |
| 18 | Friends Of The Lake Bluff Library | 123 Scranton Ave, Lake Bluff, IL 60044 | IL | 1999-09 | $0 |
| 19 | Friends Of The Lovington Public Library, Na | 110 West State Street, Lovington, IL 61937 | IL | 2003-05 | $0 |
| 20 | Friends Of The Maple Park Library | Po Box 159 302 Willow Street, Maple Park, IL 60151 | IL | 2008-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,320 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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