Gitm Foundation in Metamora, Illinois (IL)
Table of contents:
| Gitm Foundation | |
| Employer Identification Number (EIN) | 272422791 |
| Name of Organization | Gitm Foundation |
| In Care of Name | Denise Urycki |
| Address | 1802 Wildwood Lane, Metamora, IL 61548 |
| Website | http://www.believegitm.com |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 09/2011 |
| 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 | 2010 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $21,597 |
| Amount of Income | $107,075 |
| Form 990 Revenue Amount | $107,075 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2010: $107,075 (it was $35,006 in 2013)
| Gitm Foundation: | $107,075 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2010: $21,597 (it was $5,102 in 2013)
| This organization: | $21,597 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2013: $33,469
| Gitm Foundation: | $33,469 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2013: 3.2
| Gitm Foundation: | 3.2 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2013: 41.7%
| Gitm Foundation: | 41.7% |
| Other organizations performing similar types of work: | 98.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $5,251 | $35,006 |
| Contributions, gifts, grants, and similar amounts received | $4,377 | $14,593 |
| Program service revenue including government fees and contracts | $874 | $20,413 |
| 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 profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $4,201 | $33,469 |
| Total net assets | $1,168 | $5,102 |
| Excess/Deficit for the year | $1,050 | $1,537 |
| Net assets or fund balances at beginning of year | $118 | $3,565 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $3,005 | |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $1,468 | $5,102 |
| Total liabilities | $300 | $0 |
| Net assets or fund balances | $1,168 | $5,102 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | 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 | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| Total amount involved | $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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | |
| Reason for Public Charity Status (for 2013) | |
| 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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $37,045 |
| Subtotal | $37,045 |
| Gifts, grants, contributions, and membership fees received | $35,346 |
| 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 | $1,699 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 | $37,045 |
| Public support | $37,045 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | S&c Foundation | 225 N Michigan Ave Ste 2200, Chicago, IL 60601-7672 | IL | 1999-04 | $13,483,302 |
| 2 | Nora And Richard Lewis Family Foundation Nfp | PO BOX 409, Streamwood, IL 60107-0409 | IL | 2013-12 | $1,988,902 |
| 3 | Earl D Schoeffner Charitable Tr, Janet Christensen Ttee | 5735 S State Route 1, Saint Anne, IL 60964-5286 | IL | 2011-12 | $1,597,784 |
| 4 | Sudbury Charitable Tr | PO BOX 803878, Chicago, IL 60680-3878 | IL | 2008-05 | $1,379,598 |
| 5 | David And Lynne Weinberg Family Foundation | 401 N Michigan Ave Ste 3050, Chicago, IL 60611-5515 | IL | 2012-04 | $1,023,681 |
| 6 | Frank A Knaphurst Fam Tua Tr | 231 S Lasalle St, Chicago, IL 60697-0001 | IL | 2010-09 | $990,190 |
| 7 | Roslyn And Joseph Perlman Foundation | 430 Clavey Ln, Highland Park, IL 60035-4531 | IL | 2003-01 | $907,133 |
| 8 | Simmons Mesothelioma Foundation | 1 Court St, Alton, IL 62002-6267 | IL | 2010-02 | $855,712 |
| 9 | William Erby Smith Foundation, Smith William Erby Ttee | 111 W Monroe - 16w, Chicago, IL 60603-4096 | IL | 1999-08 | $711,861 |
| 10 | James Dyson Foundation North America | 600 W Chicago Ave Ste 275, Chicago, IL 60654-2813 | IL | 2012-01 | $473,535 |
| 11 | Samuel J Rosenwasser Irrev Char Trust 33-2963860 | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1999-04 | $441,939 |
| 12 | Tampico Foundation | 3106 N Campbell Ave, Chicago, IL 60618-7921 | IL | 2012-08 | $246,479 |
| 13 | Wintrop Foundation Tr Ua 10242007, John Robinson Ttee | PO BOX 803878, Chicago, IL 60680-3878 | IL | 2008-01 | $193,327 |
| 14 | William H & Mary E Baker Charitable Tr | 2810 Frank Scott Pkwy W, Belleville, IL 62223-5007 | IL | 2003-03 | $148,534 |
| 15 | Assurance Caring Together Foundation | 1750 E Golf Road, Schaumburg, IL 60173-5835 | IL | 2012-01 | $134,065 |
| 16 | Seager Family Foundation | PO BOX 803878, Chicago, IL 60680-3878 | IL | 1999-07 | $119,869 |
| 17 | Gitm Foundation | 1802 Wildwood Lane, Metamora, IL 61548 | IL | 2011-09 | $107,075 |
| 18 | Midland States Bank Foundation | 1201 Network Centre Dr, Effingham, IL 62401-4602 | IL | 2012-05 | $102,828 |
| 19 | The Fifth Foundation | 2 N Riverside Plz, Chicago, IL 60606-2600 | IL | 2001-05 | $97,370 |
| 20 | Jonathan & Elke Glenner Foundation | 5454 Fargo Ave, Skokie, IL 60077-3210 | IL | 2011-04 | $59,893 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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