International Medical 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
| International Medical Foundation | |
| Employer Identification Number (EIN) | 112937410 |
| Name of Organization | International Medical Foundation |
| In Care of Name | Nikhil Verma |
| Address | 1822 N Honore St, Chicago, IL 60622 |
| Activities | Fundraising, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $448,128 |
| Amount of Income | $24,700 |
| Form 990 Revenue Amount | $42,419 |
Non-representatives - add comments:
Revenue for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $42,419 | $42,412 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $998 | |||
| Dividends and interest from securities | $11,148 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $30,273 | |||
| Total expenses and disbursements | $38,524 | $7,334 | $0 | $31,159 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $38,524 | $7,334 | $31,159 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $3,895 | |||
| Net investment income | $35,078 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1 | $0 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $30,273 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $702 |
| Total credits and payments | $710 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $710 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $8 |
| Tax due | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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? | Yes |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $282,054 |
| Net value of noncharitable-use assets | $277,820 |
| Minimum investment return | $13,891 |
| Distributable Amount (for 2011) | |
| Distributable amount | $13,189 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $13,189 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | International Interior Design Association Foundation | 222 Merchandise Mart Plaza, Chicago, IL 60654-1103 | IL | 2000-07 | $795,470 |
| 2 | International J I Case Heritage Foundation Inc | 16244 W 167th St, Lockport, IL 60441-7636 | IL | 1988-03 | $31,906 |
| 3 | International Journal Inc | 11 Fernilee Ct, Aurora, IL 60554-4138 | IL | 1974-05 | $2,110 |
| 4 | International Latino Cultural Center Of Chicago | 676 N Lasalle St, Chicago, IL 60654-3784 | IL | 1988-07 | $1,686,142 |
| 5 | International Law Students Associaton | 25 E Jackson Ste Omb1051, Chicago, IL 60604-2201 | IL | 1995-01 | $639,062 |
| 6 | International Leadership Group Nfp | 13 Fawn Mdws, Swansea, IL 62226-2489 | IL | 2002-06 | $12,003 |
| 7 | International Leather Goods Plastic Novelty & Service Workers Union, 352 Lgpw | 506 N Gordon St, Pinckneyville, IL 62274-1151 | IL | 1957-02 | $24,316 |
| 8 | International Magnesium Association | 1000 N Rand Rd Ste 214, Wauconda, IL 60084-3102 | IL | 1945-05 | $439,400 |
| 9 | International Marine Animal Trainers Association | 1200 S Lake Shore Dr, Chicago, IL 60605-2402 | IL | 1993-04 | $964,970 |
| 10 | International Masons, Wm V Banks Grand Lodge | 5323 W Lake St, Chicago, IL 60644-2432 | IL | 1972-09 | $39,162 |
| 11 | International Medical Foundation | 1822 N Honore St, Chicago, IL 60622 | IL | 1991-04 | $24,700 |
| 12 | International Mission Institute | PO BOX 18330, Chicago, IL 60618-0330 | IL | 1993-07 | $7,464 |
| 13 | International Music Foundation Inc | 30 E Adams St Ste 1206, Chicago, IL 60603-5693 | IL | 1981-02 | $471,739 |
| 14 | International Organization Of Good Templars Central States | 3n251 Lakewood Drive, West Chicago, IL 60185 | IL | 1942-11 | $5,368 |
| 15 | Kim Family Foundation | 141 W Jackson Blvd Ste 3820, Chicago, IL 60604-3290 | IL | 1997-10 | $125,038 |
| 16 | International Pediatric Cooperative Inc | 9540 S Mayfield Ave, Oak Lawn, IL 60453-2876 | IL | 1999-05 | $65,600 |
| 17 | International Perfume And Scent Bottle Collection Association Inc | 12 Rock Ridge Rd, Barrington, IL 60010-8802 | IL | 1995-04 | $132,438 |
| 18 | International Polka Association | 4608 S Archer Ave, Chicago, IL 60632-2932 | IL | 1988-06 | $69,642 |
| 19 | International Press Club Of Chicago Inc | 629 West Cermak Road, Chicago, IL 60616 | IL | 1994-08 | $625 |
| 20 | International Psychogeriatric Association | 550 W Frontage Rd Ste 3759, Northfield, IL 60093-1221 | IL | 1997-10 | $1,275,613 |
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