Piyatam Foundation in Glencoe, 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
| Piyatam Foundation | |
| Employer Identification Number (EIN) | 383744461 |
| Name of Organization | Piyatam Foundation |
| In Care of Name | Jonathan Lerner |
| Address | 185 Franklin Rd, Glencoe, IL 60022-1259 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $10,000 to $24,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $11,525 |
| Amount of Income | $14,925 |
| Form 990 Revenue Amount | $14,925 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2012: $14,925 (it was $12,000 in 2010)
| This organization: | $14,925 |
| Other organizations performing similar types of work: | $97,827 |
Assets in 2012: $11,525 (it was $300 in 2010)
| Piyatam Foundation: | $11,525 |
| Other organizations performing similar types of work: | $207,620 |
Expenses in 2012: $3,400
| This organization: | $3,400 |
| Other organizations performing similar types of work: | $43,519 |
Income to expenses ratio in 2012: 4.4
| This organization: | 4.4 |
| Other organizations performing similar types of work: | 6.9 |
Grants share in income in 2012: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 5.2% |
| 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 | $14,925 | $0 | $14,925 | |
| Contributions, gifts, grants, etc., received | $14,925 | |||
| 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 | $0 | |||
| Total expenses and disbursements | $3,400 | $0 | $3,400 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $3,400 | |||
| Excess of revenue over expenses and disbursements | $11,525 | |||
| Net investment income | $0 | |||
| Adjusted net income | $11,525 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $11,525 | $11,525 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $11,525 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $11,525 | |
| 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 |
| 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 | $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 | Chicago Southwest Development Corporation | 2875 W 19th St, Chicago, IL 60623-3501 | IL | 2014-08 | $1,448,313 |
| 2 | Rlm Foundation | 209 E Liberty Dr, Wheaton, IL 60187-5472 | IL | 2010-03 | $614,874 |
| 3 | A Ray Of Hope On Earth | 1410 June Ln, Lombard, IL 60148-4433 | IL | 2013-05 | $258,596 |
| 4 | Congregation Etz Chaim Of Dupage County Foundation Nfp | 1710 S Highland Ave, Lombard, IL 60148-4931 | IL | 2013-02 | $165,776 |
| 5 | Blackhawk Baptist Camp | 4491 W Henry Roadd, Oregon, IL 61061 | IL | 2011-09 | $52,042 |
| 6 | Weiss Memorial Hospital Foundation | 30 South Wells No 4049, Chicago, IL 60606-5054 | IL | 2001-08 | $36,353 |
| 7 | Chapel Of The Good Shepherd Foundation Inc | 1242 N Lake Shore Drive No 20, Chicago, IL 60610 | IL | 2008-03 | $24,452 |
| 8 | Piyatam Foundation | 185 Franklin Rd, Glencoe, IL 60022-1259 | IL | 2009-03 | $14,925 |
| 9 | Foundation For Excellence At Lutheran High School | 3500 W Washington St, Springfield, IL 62711-7923 | IL | 2013-02 | $8,530 |
| 10 | Brethren Foundation Funds Inc | 1505 Dundee Ave, Elgin, IL 60120-1605 | IL | 2014-08 | $0 |
| 11 | Central Illinois District Endowment Fund Inc | 1850 W N Grand Ave, Springfield, IL 62702-1626 | IL | 2004-04 | $0 |
| 12 | Cti Foundation | 465 Gundersen Drive, Carol Stream, IL 60188 | IL | 2001-07 | $0 |
| 13 | Fellheimer Trust Of Wesley United Methodist Church Of Macomb Illinoi | 127 S Side Sq, Macomb, IL 61455-2218 | IL | 1999-11 | $0 |
| 14 | First Baptist Church Of Jerseyville Foundation | 1108 W Carpenter, Jerseyville, IL 62052 | IL | 2006-08 | $0 |
| 15 | Foundation Of St Philip | 203 N Lasalle Street Suite 1900, Chicago, IL 60601 | IL | 2009-06 | $0 |
| 16 | Friends Of Nccw For Wucwo Inc | 1018 Apple, Lombard, IL 60148 | IL | 2005-12 | $0 |
| 17 | Friends Of Young Adult Ministry | PO BOX 617554, Chicago, IL 60661 | IL | 2010-07 | $0 |
| 18 | Gamaliel Leadership Group Inc, No No | 10711 S Longwood Drive, Chicago, IL 60643 | IL | 2014-09 | $0 |
| 19 | Maum Meditation House Of Truth | 920 N Loomis St, Naperville, IL 60563-2742 | IL | 2013-09 | $0 |
| 20 | Mission Diocese Fund Llc | 150 South Wacker Dr 20th Fl, Chicago, IL 60606-4103 | IL | 2011-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 876 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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