Marion Garnder Jackson Charitable Trust 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
| Marion Garnder Jackson Charitable Trust | |
| Employer Identification Number (EIN) | 046010559 |
| Name of Organization | Marion Garnder Jackson Charitable Trust |
| In Care of Name | Debra Grand |
| Address | 135 S Lasalle St, Chicago, IL 60603-4177 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 08/1972 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $10,663,003 |
| Amount of Income | $2,493,638 |
| Form 990 Revenue Amount | $666,753 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets 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 | $1,539,528 | $1,539,800 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $299,955 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-41 | |||
| Other | $1,239,614 | |||
| Total expenses and disbursements | $550,261 | $40,581 | $0 | $494,210 |
| Compensation of officers, directors, trustees, etc. | $57,827 | |||
| Total operating and administrative expenses | $107,031 | $40,581 | $50,980 | |
| Contributions, gifts, grants paid | $443,230 | |||
| Excess of revenue over expenses and disbursements | $989,267 | |||
| Net investment income | $1,499,219 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $10,886,681 | $10,874,100 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $9,551,994 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $846,671 | |
| Other | $488,016 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $10,886,681 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,239,614 |
| 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 | $14,992 |
| Total credits and payments | $18,600 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $13,757 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $4,843 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $3,608 |
| Amount to be credited to 2013 estimated tax | $3,608 |
| 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? | Yes |
| 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 | $10,495,624 |
| Net value of noncharitable-use assets | $10,338,200 |
| Minimum investment return | $516,910 |
| Distributable Amount (for 2012) | |
| Distributable amount | $501,918 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $501,918 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $426,256 |
| 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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| Other organizations in Illinois | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Marine Industry Certificationcorporation Nfp | 200 E Randolph St Ste 5100, Chicago, IL 60601-6528 | IL | 2006-10 | $731,310 |
| 2 | Marine Navigation & Training Assn | 10 S Riverside Plaza C/O Marwedel R, Chicago, IL 60606 | IL | 1949-04 | $47,976 |
| 3 | Marine Terminal Welfare Fund | PO BOX 430, Kenilworth, IL 60043-0430 | IL | 1958-07 | $763,812 |
| 4 | Marion And Walter C Bateman Jr Memorial Fund | PO BOX 803878, Chicago, IL 60680-3878 | IL | 1987-06 | $1,559,596 |
| 5 | Marion C Early Trust | 135 S Lasalle St, Chicago, IL 60603-4177 | IL | $1,265,954 | |
| 6 | Marion Country Club | PO BOX 26, Marion, IL 62959-0026 | IL | 1944-10 | $60,167 |
| 7 | Marion County Child Development | PO BOX 844, Salem, IL 62881-0844 | IL | 1985-03 | $341,081 |
| 8 | Marion County Farm Bureau Foundation | 1630 NORTH BROADWAY PO BOX 640, Salem, IL 62881 | IL | 1990-06 | $0 |
| 9 | Marion County Horizon Center | PO BOX 871, Salem, IL 62881-0871 | IL | 1978-06 | $1,011,636 |
| 10 | Marion Cultural & Civic Center Foundation | 2002 Calico Road, Marion, IL 62959 | IL | 1982-10 | $0 |
| 11 | Marion Garnder Jackson Charitable Trust | 135 S Lasalle St, Chicago, IL 60603-4177 | IL | 1972-08 | $2,493,638 |
| 12 | Marion Main Street Inc | PO BOX 535, Marion, IL 62959 | IL | 2000-03 | $0 |
| 13 | Marion Medical Mission | 1412 Shawnee Dr, Marion, IL 62959-4404 | IL | 1991-05 | $1,722,410 |
| 14 | Marion Memorial Hospital Foundation | PO BOX 1815, Marion, IL 62959-8015 | IL | 1994-03 | $208,224 |
| 15 | Marion Ministeral Alliance | 103 E Calvert St, Marion, IL 62959-3011 | IL | 1994-12 | $196,545 |
| 16 | Marion Nzinga Stamps Youth Center | 424 W Sullivan St Apt 104, Chicago, IL 60610-1879 | IL | 2014-06 | $140,553 |
| 17 | Marion Regional Humane Society | PO BOX 484, Marion, IL 62959-0484 | IL | 2007-10 | $113,869 |
| 18 | Marion Soccer | PO BOX 97, Marion, IL 62959-0097 | IL | 2005-03 | $70,688 |
| 19 | Marissa Chamber Of Commerce Inc | PO BOX 151, Marissa, IL 62257-0151 | IL | 2006-09 | $44,916 |
| 20 | Marissa Recreational Area Association | 545 Rec Area Rd, Marissa, IL 62257-1731 | IL | 1958-09 | $223,937 |
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