Midwest Textile Services Association in Chicago, Illinois (IL)

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Midwest Textile Services Association
Employer Identification Number (EIN)360901670
Name of OrganizationMidwest Textile Services Association
AddressPO BOX 802736, Chicago, IL 60680-2736
ActivitiesAssociation of employees
SubsectionBusiness League
Ruling Date07/1944
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$131,787
Amount of Income$97,751
Form 990 Revenue Amount$44,374

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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$70,413$69,321$44,374
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$66,450$65,624$25,099
Investment income$1,410$3,697$4,381
Gain/Loss from sale of assets other than inventory$2,553$0$4,112
Gross amount from sale of assets other than inventory$2,553$0$29,841
Less: cost or other basis and sales expenses$0$0$25,729
Net income/loss from gaming and fundraising events$0$0$10,782
Gross income from gaming$0$0$0
Gross income from fundraising events$0$0$38,430
Less: direct expenses from gaming and fundraising events$0$0$27,648
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$86,632$90,070$54,904
Total net assets$126,359$114,361$116,467
Excess/Deficit for the year$-16,219$-20,749$-10,530
Net assets or fund balances at beginning of year$144,969$126,359$114,361
Other changes in net assets or fund balances$-2,391$8,751$12,636
Net assets or fund balances at end of year$114,361$116,467
Balance Sheets
Total assets$134,423$114,361$131,787
Total liabilities$8,064$0$15,320
Net assets or fund balances$126,359$114,361$116,467
Other Information
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 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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