Isfic Inc in Chicago, Illinois (IL)
Table of contents:
| Isfic Inc | |
| Employer Identification Number (EIN) | 363166287 |
| Name of Organization | Isfic Inc |
| In Care of Name | E T Veal |
| Address | 3000 N Sheridan Rd Apt 2c, Chicago, IL 60657-5539 |
| Activities | Literary activities |
| Subsection | Charitable Organization |
| Ruling Date | 07/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $154,533 |
| Amount of Income | $86,542 |
| Form 990 Revenue Amount | $81,551 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Professional Societies, Associations |
Non-representatives - add comments:
Amount of income in 2013: $86,542 (it was $68,176 in 2012)
| Isfic Inc: | $86,542 |
| Other organizations performing similar types of work: | $59,731 |
Assets in 2013: $154,533 (it was $117,791 in 2012)
| Isfic Inc: | $154,533 |
| Other organizations performing similar types of work: | $38,130 |
Expenses in 2013: $60,611
| Isfic Inc: | $60,611 |
| Other organizations performing similar types of work: | $41,244 |
Income to expenses ratio in 2013: 1.4
| Isfic Inc: | 1.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 8.6%
| This organization: | 8.6% |
| Other organizations performing similar types of work: | 12.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $55,496 | $56,542 | $81,551 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $7,000 |
| Program service revenue including government fees and contracts | $51,421 | $48,658 | $54,102 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $63 | $27 | $22 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $2,779 | $6,982 | $19,601 |
| Gross sales of inventory, less returns and allowances | $5,837 | $18,616 | $24,593 |
| Less: cost of goods sold | $3,057 | $11,634 | $4,991 |
| Other revenue | $1,205 | $873 | $825 |
| Total expenses | $52,103 | $46,945 | $60,611 |
| Total net assets | $73,636 | $83,233 | $104,173 |
| Excess/Deficit for the year | $3,366 | $9,596 | $20,939 |
| Net assets or fund balances at beginning of year | $58,274 | $73,637 | $83,234 |
| Other changes in net assets or fund balances | $11,996 | $0 | $0 |
| Net assets or fund balances at end of year | $83,233 | $104,173 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $105,537 | $117,791 | $154,533 |
| Total liabilities | $31,900 | $34,558 | $50,360 |
| Net assets or fund balances | $73,636 | $83,233 | $104,173 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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? | Yes | Yes | |
| Total amount involved | $26,804 | $19,734 | |
| 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 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 | $333,371 |
| Subtotal | $333,371 |
| Gifts, grants, contributions, and membership fees received | $7,973 |
| 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 | $325,398 |
| 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 | $333,768 |
| Public support | $333,371 |
| Subtotal | $396 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $396 |
| 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 | Opera America Inc | 330 7th Avenue 16th Floor, New York, NY 10001 | NY | 2006-04 | $8,857,370 |
| 2 | National Society Of Genetic Counselors Inc | 330 N Wabash Ave Ste 2000, Chicago, IL 60611-7621 | IL | 2008-07 | $2,523,836 |
| 3 | Native American And Indigenous Studies Association Inc | 1775 E Andromeda Pl, Tucson, AZ 85737-3415 | AZ | 2009-11 | $236,102 |
| 4 | Kaufherr Members Resource Center | 1 E Erie St Ste 650, Chicago, IL 60611-4796 | IL | 2009-04 | $207,372 |
| 5 | The Association For Rural & Small Libraries Inc | 201 East Main Street 1405, Lexington, KY 40507 | KY | 2012-05 | $142,992 |
| 6 | International Network For The Conservation Of Contemporary Art I, Incca-Na Inc | 70 Washington Sq S, New York, NY 10012-1019 | NY | 2010-03 | $134,165 |
| 7 | South Texas Association Of Dance Teachers Inc | 3926 18th St N, Texas City, TX 77590-4066 | TX | 2012-04 | $102,203 |
| 8 | Connecting Conservation | Po Box 17851, Atlanta, GA 30316 | GA | 2014-04 | $93,523 |
| 9 | Uinta County Business Leadership Network & Mentorability, Ucbln & Mentorability | 236 9th Street, Evanston, WY 82930 | WY | 2013-06 | $90,708 |
| 10 | Isfic Inc | 3000 N Sheridan Rd Apt 2c, Chicago, IL 60657-5539 | IL | 2005-07 | $86,542 |
| 11 | Rocky Mountain Community Radio | 1901 56th Ave Ste 200, Greeley, CO 80634 | CO | 2002-07 | $84,493 |
| 12 | Portland Society Of Architects | Po Box 5321, Portland, ME 04101 | ME | 2011-09 | $82,688 |
| 13 | Illinois Professional Pet Breeders Association, Ippba | 5345 Renfro Lake Rd, Mulkeytown, IL 62865-3279 | IL | 2009-12 | $10,626 |
| 14 | Chicago Association Of Hispanic Journalists | 33 E Congress Pkwy 201, Chicago, IL 60605 | IL | 1990-04 | $0 |
| 15 | Chicago Writers Association | 33 North Lasalle Street Ste 3400, Chicago, IL 60602 | IL | 2008-08 | $0 |
| 16 | Chrome Czars Motor Club Inc | 9556 S Albany Ave, Evergreen Pk, IL 60805-2620 | IL | 2012-02 | $0 |
| 17 | Erotic Authors Guild | 850 Buffalo Ave, Calumet City, IL 60409-4404 | IL | 2014-11 | $0 |
| 18 | Illinois Association Of Community College Agriculture Instructors | 3221 Northfield Dr, Springfield, IL 62702 | IL | 2009-11 | $0 |
| 19 | Illinois Network For Women In Higher Education, Las Deans Office Depaul University | 122 S Michigan Ave National-Louis, Chicago, IL 60603-6191 | IL | 2009-02 | $0 |
| 20 | Mens Et Mensa Society For Study Of Food In The Middle Ages | Dept Mod Langs Sac 340 Depaul Univ, Chicago, IL 60634 | IL | 2015-02 | $0 |
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