Galesburg Rotary Club Foundation in Galesburg, Illinois (IL)
Table of contents:
| Galesburg Rotary Club Foundation | |
| Employer Identification Number (EIN) | 383703565 |
| Name of Organization | Galesburg Rotary Club Foundation |
| In Care of Name | Mustain Lindstrom & Henson |
| Address | PO BOX 68, Galesburg, IL 61402-0068 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2006 |
| 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 | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $91,858 |
| Amount of Income | $39,182 |
| Form 990 Revenue Amount | $27,681 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community Service Clubs |
Non-representatives - add comments:
Amount of income in 2014: $39,182 (it was $41,192 in 2013)
| Galesburg Rotary Club Foundation: | $39,182 |
| Other organizations performing similar types of work: | $52,795 |
Assets in 2014: $91,858 (it was $93,270 in 2013)
| Galesburg Rotary Club Foundation: | $91,858 |
| Other organizations performing similar types of work: | $39,024 |
Expenses in 2014: $29,093
| This organization: | $29,093 |
| Other organizations performing similar types of work: | $38,239 |
Income to expenses ratio in 2014: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 68.1%
| This organization: | 68.1% |
| Other organizations performing similar types of work: | 6.0% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $28,033 | $30,734 | $27,681 |
| Contributions, gifts, grants, and similar amounts received | $16,645 | $20,098 | $18,856 |
| Program service revenue including government fees and contracts | $884 | $1,157 | $828 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,409 | $1,411 | $1,450 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $9,095 | $8,068 | $5,998 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $20,579 | $18,526 | $17,499 |
| Less: direct expenses from gaming and fundraising events | $11,484 | $10,458 | $11,501 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $549 |
| Total expenses | $17,478 | $23,385 | $29,093 |
| Total net assets | $85,920 | $93,270 | $91,858 |
| Excess/Deficit for the year | $10,555 | $7,349 | $-1,412 |
| Net assets or fund balances at beginning of year | $75,365 | $85,921 | $93,270 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $93,270 | $91,858 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $85,920 | $93,270 | $91,858 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $85,920 | $93,270 | $91,858 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 2014) | |
| 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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $203,654 |
| Subtotal | $203,654 |
| Gifts, grants, contributions, and membership fees received | $93,509 |
| 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 | $5,088 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $105,057 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $212,249 |
| Public support | $203,654 |
| Subtotal | $8,046 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $8,046 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $549 |
| Write your review! |
|
|
| Recently Added Reviews |
Positive Pathways Of Chicago in Chicago, IL
 |
Sequoia Farm Foundation in Decatur, IL
 |
|
Chicago Assembly Foundation in Chicago, IL
|
|
Edgar Baillie Ministries Inc in Elgin, IL
|
|
Lawrence County Humane Society in Lawrenceville, IL
|
|
Pawsitively Famous Inc in Peotone, IL
|
|
Rock River Valley Traffic Club in Rockford, IL
|
|
Ruach Center Inc in Woodstock, IL
|
|
Wavering Fam Charitable Foundation in Chicago, IL
|
|
Chicago Couture Fashion Week Inc in Chicago, IL
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Technology Access Foundation | 605 Sw 108th St, Seattle, WA 98146-2229 | WA | 1997-01 | $2,658,381 |
| 2 | Foodservice Consultants Society International-The Americas Divisio | 5004 Francesco Ln, Bloomington, IL 61705-7108 | IL | 2014-11 | $1,012,446 |
| 3 | Syrian American Congress, Sac | 8573 Timber Ridge Dr, Burr Ridge, IL 60527-5691 | IL | 2014-09 | $490,155 |
| 4 | Springfield Community Federation | 52 Brandon Dr, Springfield, IL 62703-1905 | IL | 1997-07 | $247,527 |
| 5 | Rotary International, Rock Island Rotary Club | PO BOX 4514, Rock Island, IL 61204-4514 | IL | 2001-07 | $104,891 |
| 6 | Wheeling Township Emergency Fund Inc | 1616 N Arlington Heights Road, Arlington Heights, IL 60004 | IL | 1997-01 | $95,813 |
| 7 | Spanish Action Committee Of Chicago | 2452 W Division St, Chicago, IL 60622-2942 | IL | 1996-12 | $83,057 |
| 8 | Woodridge Rotary Club Inc | PO BOX 5166, Woodridge, IL 60517 | IL | 2011-10 | $78,413 |
| 9 | Mmm Educational Scholarship Fund Nfp | 111 North Wabash Ste 1001, Chicago, IL 60602-1903 | IL | 2014-09 | $58,233 |
| 10 | Bucktown Community Organization | 1658 N Milwaukee Ave 520, Chicago, IL 60647 | IL | 2015-01 | $44,532 |
| 11 | New Trier Township Angel Fund Inc | 739 Elm St, Winnetka, IL 60093-2524 | IL | 2012-11 | $37,820 |
| 12 | Rotary International, Rotary Club Of Granite City | PO BOX 8, Granite City, IL 62040 | IL | 2014-07 | $32,264 |
| 13 | Wounded Within | 1200 Kingsbury Rd Apt A, Washington, IL 61571-3507 | IL | 1997-09 | $29,006 |
| 14 | Summit Community Task Force Inc | 6450 S 76th Ave, Summit, IL 60501-1649 | IL | 1999-06 | $17,993 |
| 15 | Rotary Club Of Hamilton County No 6510, Hamilton County | Rte 2, Mcleansboro, IL 62859 | IL | 2014-07 | $17,737 |
| 16 | Rotary Club Of Springfield Westside, Springfield Westside Rotary | 904 Maple Grove Ln, Williamsville, IL 62693 | IL | 2012-03 | $13,235 |
| 17 | Little Village Community Council | 3610 W 26th St, Chicago, IL 60623-3936 | IL | 2012-02 | $12,375 |
| 18 | Champaign-Urbana Stamp Club | Po Box 6615, Champaign, IL 61826 | IL | 2008-09 | $1,386 |
| 19 | 89 Thornton, Thornton Lions Club | 9400 Bormet Drive Ste 7, Mokena, IL 60448-7402 | IL | 2014-06 | $0 |
| 20 | African-American Association Of Fitness Professionals | 1507 E 53rd St No 495, Chicago, IL 60615-4509 | IL | 1997-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 3,255 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Galesburg Rotary Club Foundation »
Non-representatives - add comments about Galesburg Rotary Club Foundation»