Ida Public Library-Minerva Blackburn Memorial Endowment Trust in Rockford, Illinois (IL)

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Ida Public Library-Minerva Blackburn Memorial Endowment Trust
Employer Identification Number (EIN)366837468
Name of OrganizationIda Public Library-Minerva Blackburn Memorial Endowment Trust
In Care of NameTrust Dept Belvidere Natl Bank
Address6838 E State St, Rockford, IL 61108-4610
ActivitiesMuseum, zoo, planetarium, etc.
SubsectionCharitable Organization
Ruling Date03/1988
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period03/2014
Assets$25,000 to $99,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$28,970
Amount of Income$14,109
Form 990 Revenue Amount$2,854


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Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$2,426$1,796$2,854
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$344$751$701
Gain/Loss from sale of assets other than inventory$2,082$1,045$2,149
Gross amount from sale of assets other than inventory$17,033$9,136$13,404
Less: cost or other basis and sales expenses$14,951$8,091$11,255
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$4
Total expenses$2,590$2,495$2,595
Total net assets$29,395$28,687$28,970
Excess/Deficit for the year$-164$-699$259
Net assets or fund balances at beginning of year$29,559$29,386$28,687
Other changes in net assets or fund balances$0$0$24
Net assets or fund balances at end of year$28,696$28,970
Balance Sheets
201220132014
Total assets$29,395$28,687$28,970
Total liabilities$0$0$0
Net assets or fund balances$29,395$28,687$28,970
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$0
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