Trust For African Rock Arts in Chicago, Illinois (IL)

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Trust For African Rock Arts
Employer Identification Number (EIN)364343908
Name of OrganizationTrust For African Rock Arts
In Care of NameMichael J Legamaro
Address77 W Wacker Dr, Chicago, IL 60601-1604
SubsectionEducational Organization
Ruling Date09/2001
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 Period12/2010
Assets$25,000 to $99,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$90,262
Amount of Income$595,502
Form 990 Revenue Amount$595,502
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Museum, Museum Activities


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Amount of income in 2010: $595,502
Trust For African Rock Arts: 

 $595,502
Other organizations performing similar types of work: 

 $69,335

Assets in 2010: $90,262
This organization: 

 $90,262
Other organizations performing similar types of work: 

 $145,105

Expenses in 2010: $730,847
Trust For African Rock Arts: 

 $730,847
Other organizations performing similar types of work: 

 $47,186

Income to expenses ratio in 2010: 0.8
This organization: 

 0.8
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 38.3%
This organization: 

 38.3%
Other organizations performing similar types of work: 

 69.0%

Grants share in income in 2010: 98.9%
This organization: 

 98.9%
Other organizations performing similar types of work: 

 26.3%

Financial snapshot ($)

Revenue for 2010

Functional expenses for 2010

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2010)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2010)
Total revenue$595,502
Contributions, Gifts, Grants and Other Similar Amounts$589,103
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$468
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$5,931
Statement of Functional Expenses (for 2010)
Total functional expenses$730,847
Compensation of current officers, directors, trustees, and key employees$78,810
Other salaries and wages$83,938
Payroll taxes$0
Professional fundraising services$0
Other$568,099
Balance Sheet (for 2010)
Total assets$90,262
Total liabilities$33,897
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$33,897
Total net assets or fund balances$56,365
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2010)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010)
2006 - 2010 Total
Total support$2,411,943
Gifts, grants, contributions, and membership fees received$2,404,703
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
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$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$7,240
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2007
Total revenue$563,975
Contributions, gifts, grants, and similar amounts received$558,665
Contributions to donor advised funds$0
Direct public support$558,665
Indirect public support$0
Government contributions (grants)$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Interest on savings and temporary cash investments$4,403
Dividends and interest from securities$0
Net rental income or (loss)$0
Gross rents$0
Less: rental expenses$0
Other investment income$907
Gain or (loss) from sales of assets other than inventory$0
Gross amount from sales of assets other than inventory$0
Less: cost or other basis and sales expenses$0
Net income or (loss) from special events and activities$0
Gross revenue$0
Less: direct expenses other than fundraising expenses$0
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$0
Total expenses$530,997
Program services$203,114
Management and general$306,680
Fundraising$21,203
Payments to affiliates$0
Net assets or fund balances at end of year$1,002,812
Excess or (deficit) for the year$32,978
Net assets or fund balances at beginning of year$394,980
Other changes in net assets or fund balances$574,854
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$530,997$203,114$306,680$21,203
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$67,642$0$67,642$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$133,026$0$133,026$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$6,755$0$6,755$0
Legal fees$1,098$0$1,098$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$14,842$0$14,842$0
Occupancy$0$0$0$0
Equipment rental and maintenance$30,299$18,338$11,961$0
Printing and publications$11,981$7,777$4,204$0
Travel$18,929$18,929$0$0
Conferences, conventions, and meetings$13,371$3,681$9,690$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$233,054$154,389$57,462$21,203
Balance Sheets
2007
Total assets$1,061,014
Cash - non-interest-bearing$127,063
Savings and temporary cash investments$0
Accounts receivable less allowance for doubtful accounts$933,951
Pledges receivable less allowance for doubtful accounts$0
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0
Inventories for sale or use$0
Prepaid expenses and deferred charges$0
Investments - publicly-traded securities$0
Investments - other securities$0
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$0
Other assets, including program-related investments$0
Total liabilities$58,202
Accounts payable and accrued expenses$35,831
Grants payable$0
Deferred revenue$0
Loans from officers, directors, trustees, and key employees$5,963
Tax-exempt bond liabilities$0
Mortgages and other notes payable$0
Other liabilities$16,408
Total liabilities and net assets/fund balances$1,061,014
Total net assets or fund balances$1,002,812
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2007
Total revenue$563,975
Total revenue, gains, and other support per audited financial statements$563,975
Other expenses$0
Net unrealized gains on investments$0
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$0
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2007
Total expenses$530,997
Total expenses and losses per audited financial statements$530,997
Other revenue$0
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$0
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
50$54,996$0$0
20$11,700$0$0
99$946$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$5,310$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$4,403$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$099$907$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
2006
Total$457,259
Gifts, grants, and contributions received$455,352
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$1,907
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Trust For African Rock Arts77 W Wacker Dr, Chicago, IL 60601-1604IL2001-09$595,502
2Peoria Riverfront Museum222 Sw Washington St, Peoria, IL 61602-2500IL2011-02$2,684,919
3Bielenberg Historic Pullman Housefoundation1313 175th St, Homewood, IL 60430-4606IL2008-06$400,040
4Dekalb Area Agricultural Heritage Association Inc111 S 2d St, De Kalb, IL 60115IL2010-11$168,378
5Wright House Property Nfp2990 N Perryville Rd Unit 1400, Rockford, IL 61107-6827IL2003-11$134,497
6Legacy Project, Legacy Walk3018 N Clybourn Ave, Chicago, IL 60618IL2011-06$112,414
7Litchfield Museum & Route 66 Welcome CenterPO BOX 43, Litchfield, IL 62056-0043IL2012-03$111,974
8Western Illinois Museum201 S Lafyt St, Macomb, IL 61455-2231IL2001-10$111,954
9Chicago Collections Consortium Inc Nfp2350 N Kenmore Ave 116d, Chicago, IL 60614-3210IL2014-01$91,631
10Legends & Legacies Foundation401 N May Street, Chicago, IL 60642IL2013-07$46,156
11Illinois High School Basketball Hall Of Fame & MuseumPO BOX 1, Pinckneyville, IL 62274-0001IL2008-09$42,564
12Mercer County Historical SocietyPo Box 269, Aledo, IL 61231IL2014-05$38,630
13Lake Bluff History MuseumPO BOX 250, Lake Bluff, IL 60044-0250IL1996-08$38,548
14American Toby Jug Museum910 Chicago Avenue No 105, Evanston, IL 60202IL2009-04$32,390
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17National Museum Of Health And Medicine Chicago175 W Washington Street, Chicago, IL 60602-2313IL2010-12$14,507
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19American Legacy Collection Foundation2239 N Burling St, Chicago, IL 60614-3711IL2006-12$5,000
20Spinelli Equipment Museum NfpC/O Andrew J Spinelli 748 Hickman, Woodstock, IL 60098IL2008-08$380
Number of organizations performing similar types of work
Alaska12
Alabama38
Arkansas28
Arizona44
California277
Colorado64
Connecticut37
District of Columbia17
Delaware10
Florida130
Georgia75
Hawaii20
Iowa54
Idaho20
Illinois84
Indiana71
Kansas48
Kentucky37
Louisiana50
Massachusetts67
Maryland54
Maine40
Michigan76
Minnesota41
Missouri63
Mississippi32
Montana17
North Carolina76
North Dakota13
Nebraska23
New Hampshire16
New Jersey58
New Mexico29
Nevada23
New York175
Ohio107
Oklahoma56
Oregon52
Pennsylvania99
Rhode Island11
South Carolina41
South Dakota13
Tennessee42
Texas216
Utah27
Virginia68
Vermont10
Washington71
Wisconsin65
West Virginia24
Wyoming15
International8
Total2,844

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