Octave Chanute Aerospace Heritage Foundation Of Illinois in Rantoul, Illinois (IL)

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Octave Chanute Aerospace Heritage Foundation Of Illinois
Employer Identification Number (EIN)371282931
Name of OrganizationOctave Chanute Aerospace Heritage Foundation Of Illinois
In Care of NameBookkeeping
Address1011 Pacesetter Dr, Rantoul, IL 61866-3672
ActivitiesMuseum, zoo, planetarium, etc.
SubsectionCharitable Organization
Ruling Date04/1992
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$243,731
Amount of Income$160,121
Form 990 Revenue Amount$128,635
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: History Museums


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Amount of income in 2013: $160,121 (it was $136,320 in 2012)
Octave Chanute Aerospace Heritage Foundation Of Illinois: 

 $160,121
Other organizations performing similar types of work: 

 $170,607

Assets in 2013: $243,731 (it was $251,798 in 2012)
Octave Chanute Aerospace Heritage Foundation Of Illinois: 

 $243,731
Other organizations performing similar types of work: 

 $751,001

Expenses in 2012: $151,313
Octave Chanute Aerospace Heritage Foundation Of Illinois: 

 $151,313
Other organizations performing similar types of work: 

 $136,601

Income to expenses ratio in 2012: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2012: 35.0%
This organization: 

 35.0%
Other organizations performing similar types of work: 

 57.9%

Financial snapshot ($)

Revenue for 2012

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$136,320
Contributions, gifts, grants, and similar amounts received$47,724
Program service revenue including government fees and contracts$62,068
Membership dues and assessments$6,675
Investment income$15
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$10,887
Gross sales of inventory, less returns and allowances$22,390
Less: cost of goods sold$11,503
Other revenue$8,951
Total expenses$151,313
Total net assets$236,473
Deficit for the year$-14,993
Net assets or fund balances at beginning of year$251,466
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$251,798
Total liabilities$15,325
Net assets or fund balances$236,473
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$2,259,418
Gifts, grants, contributions, and membership fees received$813,188
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$1,444,874
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,356
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Chicago Historical Society1601 N Clark St, Chicago, IL 60614-6038IL1932-10$37,714,546
2Holocaust Memorial Foundation Of Illinois Inc4255 Main St, Skokie, IL 60076-2063IL1982-11$13,500,419
3Wharton County Museum AssociationPO BOX 349, Wharton, TX 77488-0349TX1974-12$141,508
4Champaign County Historical Museum102 E University Avenue, Champaign, IL 61820IL1974-09$31,740
5Korean War Veterans National Museum & Library47 W Division St, Chicago, IL 60610-2220IL1998-07$1,332,203
6Monticello Railway Museum IncPO BOX 401, Monticello, IL 61856-0401IL1966-11$573,580
7Glessner House Museum1800 S Prairie Ave, Chicago, IL 60616-1320IL1995-02$414,652
8Tinker Swiss Cottage Inc411 Kent St, Rockford, IL 61102-2915IL1945-12$282,143
9Vermilion County Museum Society116 N Gilbert St, Danville, IL 61832-8506IL1965-03$199,669
10The Leather Archives And Museum6418 N Greenview Ave, Chicago, IL 60626-5006IL1996-01$197,943
11Octave Chanute Aerospace Heritage Foundation Of Illinois1011 Pacesetter Dr, Rantoul, IL 61866-3672IL1992-04$160,121
12Fox River Trolley Association IncPO BOX 315, South Elgin, IL 60177-0315IL1984-01$130,966
13Poplar Grove Aviation Education Association Inc, P G Vintage Wings & Wheels Museum5151 Orth Rd Hngr A1, Poplar Grove, IL 61065-8880IL1997-11$113,344
14David Davis Mansion Foundation1000 Monroe Dr, Bloomington, IL 61701-3333IL1987-07$106,086
15Stark County Historical SocietyPO BOX 524, Toulon, IL 61483-0524IL2001-11$1,758
16The Brunk Morgan Horse Museum Inc7221 Lake Service Road, Rochester, IL 62563IL1995-09$1,060
17Chicago Blues MuseumPo Box 81401, Chicago, IL 60681IL1993-01$0
18Dupage Heritage Gallery IncPO BOX 77, Wheaton, IL 60187IL1976-11$0
19Pecatonica Heritage Museum CorpPo Box 243, Pecatonica, IL 61063IL1997-03$0
20Waterloo Museum Society, Monroe County History MuseumPo Box 28, Waterloo, IL 62298IL2000-09$0
Number of organizations performing similar types of work
Alaska6
Alabama16
Arkansas13
Arizona10
California72
Colorado15
Connecticut7
District of Columbia3
Delaware4
Florida20
Georgia12
Hawaii5
Iowa10
Idaho5
Illinois26
Indiana20
Kansas12
Kentucky15
Louisiana10
Massachusetts26
Maryland17
Maine6
Michigan17
Minnesota16
Missouri13
Mississippi3
Montana11
North Carolina21
North Dakota4
Nebraska10
New Hampshire9
New Jersey15
New Mexico3
Nevada3
New York55
Ohio32
Oklahoma11
Oregon11
Pennsylvania39
Rhode Island6
South Carolina9
South Dakota6
Tennessee13
Texas58
Utah4
Virginia36
Vermont5
Washington11
Wisconsin12
West Virginia3
Wyoming6
Total772

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