Serafine Foundation Nfp in Lake Forest, Illinois (IL)

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Serafine Foundation Nfp
Employer Identification Number (EIN)272373521
Name of OrganizationSerafine Foundation Nfp
In Care of NameJan Serafine
Address740 S Ridge Rd, Lake Forest, IL 60045-2754
SubsectionCharitable Organization
Ruling Date10/2010
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$10,793
Amount of Income$251
Form 990 Revenue Amount$43
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Fund Raising and/or Fund Distribution


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Amount of income in 2013: $251 (it was $275 in 2012)
This organization: 

 $251
Other organizations performing similar types of work: 

 $65,432

Assets in 2013: $10,793 (it was $11,793 in 2012)
This organization: 

 $10,793
Other organizations performing similar types of work: 

 $22,467

Expenses in 2013: $1,251
Serafine Foundation Nfp: 

 $1,251
Other organizations performing similar types of work: 

 $47,492

Income to expenses ratio in 2013: 0.2
Serafine Foundation Nfp: 

 0.2
Other organizations performing similar types of work: 

 0.9

Grants share in income in 2013: 99.6%
This organization: 

 99.6%
Other organizations performing similar types of work: 

 -,nan,(ind)%

Financial snapshot ($)

Revenue for 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$251$1$0
Contributions, gifts, grants, etc., received$250
Interest on savings and temporary cash investments$1
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$1,251$0$0$1,000
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$250
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$251$0$0
Contributions, gifts, grants paid$1,000
Excess of revenue over expenses and disbursements$-1,000
Net investment income$1
Adjusted net income$0
Balance Sheets
2010201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$17,006$17,006$17,044$17,044$11,793$11,793$10,793$10,793
Cash - non-interest-bearing$0$0$0$0
Investments-U.S. and state government obligations$0$0$0$0
Investments-corporate stock$0$0$0$0
Investments-corporate bonds$0$0$0$0
Investments-mortgage loans$0$0$0$0
Investments-other$0$0$0$0
Other assets$0$0
Total liabilities$0$0$0$0
Total liabilities and net assets/fund balances$17,006$17,044$11,793$10,793
Capital Gains and Losses for Tax on Investment Income
2010201120122013
Capital gain net income$0$0$0$0
Net capital loss$0$0$0$0
Excise Tax Based on Investment Income
2010201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNoNo
Tax based on investment income$0$1$1$0
Total credits and payments$0$0$0$0
Any penalty for underpayment of estimated tax$0$0$0$0
Tax due$1$0
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0$0
Statements Regarding Activities
2010201120122013
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?NoNoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
2010201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNoNo
Agree to pay money or property to a government official?NoNoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNoNo
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)?NoNoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
2010201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$5,056$17,023$13,688$11,251
Net value of noncharitable-use assets$13,483$11,082
Minimum investment return$182$838$674$554
Distributable Amount
2010201120122013
Distributable amount$182$837$673$554
Undistributed Income
2010201120122013
Distributable amount for this year$182$837$673$554
Undistributed income for this year. This amount must be distributed in the next year$0$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$1$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1David Bolland Foundation2625 North Paulina Street, Chicago, IL 60614IL2012-01$127,072
2Twelve Oaks Foundation668 Indian Path Rd, Grayslake, IL 60030-3517IL2010-08$96,189
3United States All-Stars Nfp1210 Karl Ct, Wauconda, IL 60084-1081IL2006-08$92,025
4Pride Kids Sports Booster Club926 Mcdonough Lake Rd Ste A, Collinsville, IL 62234-7437IL2014-07$72,344
5Grandmother Park Initiative Nfp1801 Crain Street, Evanston, IL 60202IL2010-12$49,931
6Columbia Amateur Athletics Foundation5 W Pawnee Ct, Columbia, IL 62236-1065IL2013-06$31,158
7Sterny Way FoundationPo Box 6379, Libertyville, IL 60048IL2010-02$9,244
8Panther Football Alumni Association1820 Autumn Rdg, Washington, IL 61571-9489IL2010-03$7,458
9Serafine Foundation Nfp740 S Ridge Rd, Lake Forest, IL 60045-2754IL2010-10$251
10A-C Central Athletic Booster Club601 W Buchanan St, Ashland, IL 62612-7515IL2014-08$0
11Bridgeport Baseball Boosters1028 Corporation Rd, Bridgeport, IL 62417IL2000-05$0
12Camp Right Nfp208 South Lasalle Street Suite 1610, Chicago, IL 60604IL2012-06$0
13Dream And Believe625 Heathrow Dr, Lincolnshire, IL 60069-4206IL2011-04$0
14Emington Community Association206 South St, Emington, IL 60934-4096IL2015-02$0
15Friends Of Des Plaines State Fish And Wildlife Area1203 Walden Lane, Deerfield, IL 60015IL2014-09$0
16Friends Of Pere Marquette State Park Foundation1207 Sinclair Dr, Jerseyville, IL 62052IL2010-02$0
17Gems-Usa Booster Club Inc820 E Terra Cotta Ave Ste 139, Crystal Lake, IL 60014-3646IL2013-01$0
18George Spiros Jr Memorial Foundation615 Superior Dr, Romeoville, IL 60446-1287IL2014-08$0
19Gk Mighty Cogs Football And Cheer Foundation13099 Williams Cir, Genoa, IL 60135-7701IL2014-11$0
20Kane County Athletic Foundation902 S Randall Rd Ste C170, Saint Charles, IL 60174-1554IL2014-05$0
Number of organizations performing similar types of work
Alaska6
Alabama12
Arkansas13
Arizona22
California134
Colorado33
Connecticut14
District of Columbia4
Delaware5
Florida67
Georgia27
Hawaii5
Iowa20
Idaho8
Illinois37
Indiana19
Kansas10
Kentucky19
Louisiana12
Massachusetts35
Maryland22
Maine4
Michigan43
Minnesota37
Missouri24
Mississippi6
Montana8
North Carolina55
North Dakota4
Nebraska3
New Hampshire6
New Jersey38
New Mexico6
Nevada11
New York53
Ohio46
Oklahoma13
Oregon21
Pennsylvania38
Rhode Island10
South Carolina8
South Dakota7
Tennessee15
Texas61
Utah10
Virginia38
Vermont5
Washington42
Wisconsin26
West Virginia8
Wyoming3
Total1,173

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