Nomanbhoy Family Charitable Foundation in Orlan Park, 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
| Nomanbhoy Family Charitable Foundation | |
| Employer Identification Number (EIN) | 364054445 |
| Name of Organization | Nomanbhoy Family Charitable Foundation |
| In Care of Name | Yunus T Nomanbhoy |
| Address | 14712 Cystal Tree, Orlan Park, IL 60462 |
| Activities | Gifts, grants, or loans to other organizations, Non financial services of facilities to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 10/2012 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $317,821 |
| Amount of Income | $274,891 |
| Form 990 Revenue Amount | $29,225 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: |
Non-representatives - add comments:
Amount of income in 2012: $274,891 (it was $581,307 in 2011)
| Nomanbhoy Family Charitable Foundation: | $274,891 |
| Other organizations performing similar types of work: | $161,555 |
Assets in 2012: $317,821 (it was $391,998 in 2011)
| This organization: | $317,821 |
| Other organizations performing similar types of work: | $432,086 |
Expenses in 2012: $77,604
| Nomanbhoy Family Charitable Foundation: | $77,604 |
| Other organizations performing similar types of work: | $61,941 |
Income to expenses ratio in 2012: 3.5
| This organization: | 3.5 |
| Other organizations performing similar types of work: | 2.8 |
Revenue 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 | $3,427 | $1,765 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $165 | |||
| Dividends and interest from securities | $1,600 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1,662 | |||
| Total expenses and disbursements | $77,604 | $0 | $0 | $77,604 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $77,604 | |||
| Excess of revenue over expenses and disbursements | $-74,177 | |||
| Net investment income | $1,765 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $317,821 | $239,933 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $308,620 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $9,201 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $317,821 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,662 |
| 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 | $18 |
| Total credits and payments | $18 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $18 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $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 | $293,205 |
| Net value of noncharitable-use assets | $288,800 |
| Minimum investment return | $14,440 |
| Distributable Amount (for 2012) | |
| Distributable amount | $14,422 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $14,422 |
| 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 | Baisley Powell Elebash Fund | 10 S Dearborn Il1-0111, Chicago, IL 60603-2300 | IL | 1998-01 | $2,527,913 |
| 2 | Vanderburgh Johnstone Foundation Tr 20304093 | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1997-01 | $1,257,923 |
| 3 | Steve & Sarah Wheeler Charitable Tr 9371934800 | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1998-04 | $1,128,598 |
| 4 | Charles Hayden Smith Charitable Tr | 135 S Lasalle St Il4-135-14-19, Chicago, IL 60603 | IL | 1997-07 | $1,096,997 |
| 5 | Edgar Wilson Charitable Trust | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1996-06 | $896,411 |
| 6 | Caroline L Oaks Charitable Trust | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1996-07 | $341,184 |
| 7 | F B Parriott Trust R75594003 | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1972-11 | $279,908 |
| 8 | Nomanbhoy Family Charitable Foundation | 14712 Cystal Tree, Orlan Park, IL 60462 | IL | 1996-10 | $274,891 |
| 9 | Jack Starkey Charitable Tr | PO BOX 803878, Chicago, IL 60680-3878 | IL | 1998-02 | $163,578 |
| 10 | Joanne A Coogan Char Tr, Horn Jerold I Ttee | 6443 N Oakbrook Ct, Peoria, IL 61614-3300 | IL | 1997-12 | $98,081 |
| 11 | Walker Family Foundation | 828 S Oak St, Hinsdale, IL 60521-4516 | IL | 1998-09 | $80,366 |
| 12 | T W Thomas R Wethington, Bank One Lexington Na | 10 S Dearborn St 21 Fl, Chicago, IL 60603-2300 | IL | 1996-04 | $50,028 |
| 13 | Frank Bliss Enslow Foundation 9371240500 | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1998-11 | $44,804 |
| 14 | Rockton Elemetary Educational Fdn | 1050 E Union St, Rockton, IL 61072 | IL | 1996-11 | $5,435 |
| 15 | Katz Family Foundation | 2855 N 1st St, Dekalb, IL 60115-1011 | IL | 1996-04 | $440 |
| 16 | Carroll Foundation Inc, Carroll Barry J Ttee | 210 W 22nd St Ste 138, Oak Brook, IL 60523-4061 | IL | 1998-10 | $0 |
| 17 | Congregation Kneseth Israel Endowment Fund | 330 Division Street, Elgin, IL 60120 | IL | 1996-10 | $0 |
| 18 | Country Hope Usa Inc | 10531 Brookridge Creek Dr, Frankfort, IL 60423-8090 | IL | 1998-10 | $0 |
| 19 | Friends Of Galena Public Library Inc | 601 S Bench St, Galena, IL 61036 | IL | 1998-07 | $0 |
| 20 | La Chima Foundation | 1 Middlebury Road, Barrington Hills, IL 60010 | IL | 1998-08 | $0 |
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