Love Times Love Foundation in Matteson, 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
- Organizations performing similar types of work
| Love Times Love Foundation | |
| Employer Identification Number (EIN) | 010745982 |
| Name of Organization | Love Times Love Foundation |
| In Care of Name | Carol J Watson |
| Address | 20650 S Cicero Ave Unit 431, Matteson, IL 60443-3416 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Organization terminating its private foundation status under section 507(b)(1)(B) of the Code |
| Tax Period | 06/2014 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $804 |
| Amount of Income | $1,092 |
| Form 990 Revenue Amount | $1,055 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Victims' Services |
Non-representatives - add comments:
Amount of income in 2014: $1,092 (it was $1,139 in 2013)
| Love Times Love Foundation: | $1,092 |
| Other organizations performing similar types of work: | $96,187 |
Assets in 2014: $804 (it was $641 in 2013)
| Love Times Love Foundation: | $804 |
| Other organizations performing similar types of work: | $44,152 |
Expenses in 2012: $1,257
| Love Times Love Foundation: | $1,257 |
| Other organizations performing similar types of work: | $97,321 |
Income to expenses ratio in 2012: 0.9
| Love Times Love Foundation: | 0.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 41.2%
| This organization: | 41.2% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2012
Expenses for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1,055 | $0 | $1,055 | |
| Contributions, gifts, grants, etc., received | $435 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $620 | |||
| Total expenses and disbursements | $1,257 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $250 | $0 | $0 | |
| Contributions, gifts, grants paid | $1,006 | |||
| Other | $1 | |||
| Excess of revenue over expenses and disbursements | $-201 | |||
| Net investment income | $0 | |||
| Adjusted net income | $1,055 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $278 | $278 |
| Cash - non-interest-bearing | $278 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $278 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| 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? | No |
| 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 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| 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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Voices And Faces Project, Dba Rape & Sexual Assault Surv Netw | PO BOX 804295, Chicago, IL 60680-4104 | IL | 2007-04 | $287,274 |
| 2 | Be Alright | 2132 W Mclean Ave, Chicago, IL 60647-4525 | IL | 2014-06 | $3,814 |
| 3 | Fox Valley Irish Committee Inc | 29w204 Roosevelt Road, West Chicago, IL 60185 | IL | 2010-12 | $1,400 |
| 4 | Love Times Love Foundation | 20650 S Cicero Ave Unit 431, Matteson, IL 60443-3416 | IL | 2003-06 | $1,092 |
| 5 | Community Affairs & Crisis Benevolent Assn, Cacba | P O Box 2103, Frankfort, IL 60423 | IL | 2000-03 | $0 |
| 6 | Directions Ministry | 308 W 145th Street, Riverdale, IL 60827 | IL | 2003-09 | $0 |
| 7 | Emerald Club Nfp | 970 S Gables Blvd, Wheaton, IL 60189 | IL | 2009-06 | $0 |
| 8 | Glua Inc Nfp | 3735 N Spaulding Ave 2, Chicago, IL 60618-4411 | IL | 2009-07 | $0 |
| 9 | Gold Star Families Inc, Gold Star Families Of Illinois | 525 Blackhawk Dr, Lk In The Hls, IL 60156-1410 | IL | 2011-05 | $0 |
| 10 | Journey Home Ministries Inc | PO BOX 2704, Darien, IL 60561-7704 | IL | 2003-12 | $0 |
| 11 | Kauais Fire Nfp | 1751 W Howard St Unit D, Chicago, IL 60626-1645 | IL | 2015-03 | $0 |
| 12 | Lazarus House Womens Transitional Center | 501 E 32nd St, Chicago, IL 60616-4053 | IL | 2006-07 | $0 |
| 13 | Life Impartation Ministries | PO BOX 438144, Chicago, IL 60643-8144 | IL | 2010-01 | $0 |
| 14 | Lydias Place | 510 E Washington St, Bloomington, IL 61701 | IL | 2012-07 | $0 |
| 15 | Samaritan Network | 4012 Juneberry Road, Naperville, IL 60564 | IL | 2010-04 | $0 |
| 16 | Shakieras Foundation, Ssh | 25 Saint George Dr, Belleville, IL 62221-3316 | IL | 2014-02 | $0 |
| 17 | The Memories Of Mariam Project | 308 N 15th St, Murphysboro, IL 62966 | IL | 2009-03 | $0 |
| 18 | United States Catholic Conference, Holy Spirit Life Learning Center | 2020 W Morse Ave, Chicago, IL 60645-4913 | IL | 1946-03 | $0 |
| 19 | Walk With Therese Nfp | 2317 24th Ave, Broadview, IL 60155 | IL | 2013-12 | $0 |
| 20 | Weitzman Center | 1050 N State Street, Chicago, IL 60610 | IL | 2002-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 751 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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