Freed Family Foundation in Chicago, 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
| Freed Family Foundation | |
| Employer Identification Number (EIN) | 363978482 |
| Name of Organization | Freed Family Foundation |
| In Care of Name | Laurance Freed |
| Address | 33 S State St Ste 400, Chicago, IL 60603-2805 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 11/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,650 |
| Amount of Income | $2,651 |
| Form 990 Revenue Amount | $1,231 |
| National Taxonomy of Exempt Entities (NTEE) | Unknown: Unknown |
Non-representatives - add comments:
Revenue 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 | $2,651 | $251 | $0 | |
| Contributions, gifts, grants, etc., received | $2,400 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $251 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $2,450 | $35 | $0 | $2,415 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,450 | $35 | $2,415 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $201 | |||
| Net investment income | $216 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,650 | $10,795 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $3,773 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,877 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $5,650 | |
| 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 | $4 |
| Total credits and payments | $10 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $10 |
| 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 | $0 |
| Tax due | $0 |
| Overpayment | $6 |
| Amount to be credited to 2013 estimated tax | $6 |
| 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 | $10,685 |
| Net value of noncharitable-use assets | $10,520 |
| Minimum investment return | $526 |
| Distributable Amount (for 2012) | |
| Distributable amount | $522 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $522 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| 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 | Free Indeed Ministries International | 29933 Thornton Dr, Kingston, IL 60145-8546 | IL | 2001-03 | $36,490 |
| 2 | Free Peoples Clinic, St Basils Health | 2525 S Michigan Ave, Chicago, IL 60616-2333 | IL | 1982-06 | $150,800 |
| 3 | Free Sons Cemetery Association | 1600 Des Plaines Ave, Forest Park, IL 60130-2534 | IL | 1938-01 | $31,536 |
| 4 | Free Spirit Media Nfp | 1817 S California Ave, Chicago, IL 60608-2402 | IL | 2002-07 | $1,293,041 |
| 5 | Free Spirit Siberian Rescue | 25212 Graf Rd, Harvard, IL 60033-8957 | IL | 2002-10 | $123,144 |
| 6 | Free Street Programs Inc | 1419 W Blackhway 3rd Fl, Chicago, IL 60622 | IL | 1974-02 | $45,163 |
| 7 | Free The Children Chicago, Van Poolen Steve | 11900 Roosevelt Rd, Hillside, IL 60162-2069 | IL | 1992-02 | $175,288 |
| 8 | Freeburg Community High School District No 77 Foundation | 401 S Monroe St, Freeburg, IL 62243-1535 | IL | 2003-01 | $17,286 |
| 9 | Freeburg Elementary Education Foundation Inc | 408 S Belleville St, Freeburg, IL 62243 | IL | 2001-01 | $0 |
| 10 | Freed Charitable Trust, Forrest James M & Dale Strough Ttee | PO BOX 164, Gilman, IL 60938-0164 | IL | 1990-08 | $1,432 |
| 11 | Freed Family Foundation | 33 S State St Ste 400, Chicago, IL 60603-2805 | IL | 1994-11 | $2,651 |
| 12 | Freedom Farm An Illinois Not For Profit Corporation | 3318 Trebes Dr, Harvard, IL 60033-9455 | IL | 1999-06 | $348,071 |
| 13 | Freedom Field Renewable Energy Inc | 3333 Kishwaukee St Bldg 9, Rockford, IL 61109-2021 | IL | 2009-03 | $67,664 |
| 14 | Freedom House Foundation Ltd | 317 S Main St, Princeton, IL 61356-2022 | IL | 2000-05 | $4,082 |
| 15 | Freedom House Ministries Inc | 3217 Scoville Ave, Berwyn, IL 60402-3546 | IL | 2000-05 | $167,654 |
| 16 | Freedom House Ministries Inc | PO BOX 382, Harrisburg, IL 62946-0382 | IL | 1996-03 | $43,717 |
| 17 | Freedom House, Pediatric Therapy Assoc | 440 Elm Pl, Princeton, IL 61356-1419 | IL | 1993-08 | $997,066 |
| 18 | Freedom Ministries Of The Quad Cities | PO BOX 953, Moline, IL 61266-0953 | IL | 2002-05 | $76,429 |
| 19 | Freedom Of Choice Foundation | 705 Ne Jefferson Ave, Peoria, IL 61603-3843 | IL | 1996-01 | $28,097 |
| 20 | Freedom Parent Teacher Organization | 11600 Heritage Meadow Dr, Plainfield, IL 60585-2084 | IL | 2008-11 | $69,784 |
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