Huston-Lippman Paris Civic Center Trust in Paris, Illinois (IL)

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Huston-Lippman Paris Civic Center Trust
Employer Identification Number (EIN)376168619
Name of OrganizationHuston-Lippman Paris Civic Center Trust
In Care of NameEdgar County Bank & Trust Co Ttee
AddressPO BOX 400, Paris, IL 61944-0400
SubsectionCharitable Organization
Ruling Date08/2013
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$3,687,344
Amount of Income$13,290
Form 990 Revenue Amount$13,290
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Single Organization Support


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Amount of income in 2012: $13,290 (it was $12,956 in 2013)
This organization: 

 $13,290
Other organizations performing similar types of work: 

 $79,074

Assets in 2012: $3,687,344 (it was $3,685,516 in 2013)
This organization: 

 $3,687,344
Other organizations performing similar types of work: 

 $63,467

Expenses in 2013: $14,784
This organization: 

 $14,784
Other organizations performing similar types of work: 

 $40,000

Income to expenses ratio in 2013: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 9.0%

Financial snapshot ($)

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$12,956$12,956$12,956
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$12,956
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$14,784$250$0$14,237
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$7,682
Accounting fees$6,305
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$14,784$250$14,237
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-1,828
Net investment income$12,706
Adjusted net income$12,956
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$3,693,565$3,693,565$3,687,344$3,687,344$3,685,516$3,685,516
Cash - non-interest-bearing$0$0$0
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0$0
Total liabilities$0$0$1
Mortgages and other notes payable$0$0$0
Other liabilities$0$0$0
Total liabilities and net assets/fund balances$3,693,565$3,687,344$3,685,516
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$0
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$37$260$254
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$37$260$254
Overpayment$0$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201120122013
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$978,680$3,688,675$3,685,859
Net value of noncharitable-use assets$964,000$3,633,345$3,630,571
Minimum investment return$48,200$181,667$181,529
Distributable Amount
201120122013
Distributable amount$48,163$181,407$181,275
Undistributed Income
201120122013
Distributable amount for this year$48,163$181,407$181,275
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$12,956$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1World War Ii Theatre Inc945 Magazine St, New Orleans, LA 70130-3813LA2009-04$562,501
2Williams Street Repertory108 Minnie St, Crystal Lake, IL 60014-4332IL2011-06$163,636
3Glenbard East Music Association Nfp1014 S Main St, Lombard, IL 60148-3938IL2014-02$91,982
4Mokena Music Boosters Inc19815 Kirkstone Way, Mokena, IL 60448IL2012-08$89,290
5Huston-Lippman Paris Civic Center TrustPO BOX 400, Paris, IL 61944-0400IL2013-08$13,290
6Am Shalom Sharing In Tomorrow Fund840 Vernon Ave, Glencoe, IL 60022-1560IL1999-02$0
7Amazwi Foundation1685 Dickinson Dr, Wheaton, IL 60187-7459IL2007-09$0
8Band Boosters Of Lake Zurich Ltd300 Church Street, Lake Zurich, IL 60047IL2009-07$0
9Bethel New Life Foundation4950 W Thomas St, Chicago, IL 60651-3118IL2007-05$0
10Calumet School District 132 Foundation, Calumet School District 132 Foundation Inc1440 W Vermont, Calumet Park, IL 60827IL2014-03$0
11Center For Community Transformation5757 S University Ave, Chicago, IL 60637-1507IL2003-07$0
12Chicago Stars For Autism8430 Gross Point Rd Ste 201, Skokie, IL 60077-2000IL2010-02$0
13Dickinson FoundationPo Box 202, Oglesby, IL 61348IL2000-10$0
14Friends Of Xtension Kane County535 S Randall Rd, St Charles, IL 60174-1533IL2008-03$0
15Gurnee Citizen Police Academy Alumni Association100 N Oplaine Rd, Gurnee, IL 60031IL2003-06$0
16Highland Choral Parents Association64 Memorial Ct, Highland, IL 62249IL2012-05$0
17Illinois News Broadcasters Association Foundation419 W High St, Peoria, IL 61606IL2003-03$0
18Mt Pulaski Courthouse FoundationPo Box 171, Mount Pulaski, IL 62548IL2012-11$0
19Old House Society Foundation214 E Douglas St, Bloomington, IL 61701-3002IL2006-08$0
20Wabash County Musuem FoundationPO BOX 512, Mt Carmel, IL 62863-0512IL2002-05$0
Number of organizations performing similar types of work
Alaska1
Alabama8
Arkansas12
Arizona21
California89
Colorado22
Connecticut11
District of Columbia5
Delaware5
Florida52
Georgia31
Hawaii8
Iowa19
Idaho9
Illinois28
Indiana20
Kansas9
Kentucky16
Louisiana14
Massachusetts19
Maryland19
Maine6
Michigan29
Minnesota15
Missouri21
Mississippi5
Montana3
North Carolina29
North Dakota2
Nebraska9
New Hampshire3
New Jersey16
New Mexico7
Nevada2
New York48
Ohio46
Oklahoma14
Oregon7
Pennsylvania27
Rhode Island1
South Carolina10
South Dakota1
Tennessee11
Texas96
Utah7
Virginia30
Vermont5
Washington23
Wisconsin23
West Virginia5
Wyoming2
International3
Total924

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