Mary L Fitch Trust in Chicago, 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
- Other organizations in Illinois
| Mary L Fitch Trust | |
| Employer Identification Number (EIN) | 060646546 |
| Name of Organization | Mary L Fitch Trust |
| In Care of Name | Jpmorgan Chase Bank Na |
| Address | 10 S Dearborn Il10111, Chicago, IL 60603-2300 |
| Activities | Housing for the aged (see also 153), Other housing activities |
| Subsection | Charitable Organization |
| Ruling Date | 01/1951 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,875,087 |
| Amount of Income | $778,800 |
| Form 990 Revenue Amount | $54,507 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $54,507 | $53,196 | $38,886 | |
| Contributions, gifts, grants, etc., received | $1,285 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $37,904 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $26 | |||
| Other | $15,292 | |||
| Total expenses and disbursements | $81,773 | $17,387 | $17,161 | $61,661 |
| Compensation of officers, directors, trustees, etc. | $22,881 | |||
| Total operating and administrative expenses | $81,773 | $17,387 | $61,661 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-27,266 | |||
| Net investment income | $35,809 | |||
| Adjusted net income | $21,725 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,885,996 | $2,162,757 |
| Cash - non-interest-bearing | $9,957 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $855,570 | |
| Investments-corporate bonds | $520,452 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $259,682 | |
| Other | $240,335 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,885,996 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $15,292 |
| 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 | $716 |
| Total credits and payments | $1,780 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,680 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $100 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1,064 |
| Amount to be credited to 2013 estimated tax | $716 |
| 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? | Yes |
| 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 | $1,814,811 |
| Net value of noncharitable-use assets | $1,787,580 |
| Minimum investment return | $89,379 |
| 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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| Other organizations in Illinois | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Manire Foundation 23-05811 | 665 Plumtree Rd, Glen Ellyn, IL 60137-4234 | IL | 2000-01 | $40,867 |
| 2 | Mcgowan Gin Rosica Family Foundation Inc | 860 Greenview Dr, Aurora, IL 60505-1967 | IL | 1993-06 | $391,936 |
| 3 | Marcus Family Foundation | 1665 Elk Blvd, Des Plaines, IL 60016-4721 | IL | 1994-07 | $368,388 |
| 4 | Mcdermott Incorporated Welfare Tr | 50 S Lasalle St, Chicago, IL 60675-0001 | IL | 2001-12 | $691,615 |
| 5 | Marcus Clinton Hawley Fund | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1936-08 | $121,453 |
| 6 | Margaret & Don Matheson Scholarship Fund | 231 S Lasalle St Il1-231-10-07, Chicago, IL 60697-0001 | IL | 2014-08 | $473,485 |
| 7 | Mary E Hawley Trust No 1 F-B-O Hawley School | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1936-08 | $142,400 |
| 8 | Martha Mccrory Foundation Inc | 823 S 36th St Apt 234, Quincy, IL 62301-6009 | IL | 2000-10 | $105,218 |
| 9 | Lowe Syndrome Association Inc | 5521 W 108th Pl, Oak Lawn, IL 60453-5033 | IL | 1986-03 | $83,747 |
| 10 | Marianne G Faulkner Trust Uw Fbo Various Charitable Organizations | 10 S Dearborn Il10111, Chicago, IL 60603-2300 | IL | 1962-07 | $4,685,765 |
| 11 | Mary L Fitch Trust | 10 S Dearborn Il10111, Chicago, IL 60603-2300 | IL | 1951-01 | $778,800 |
| 12 | Melissa Mcnair Reichert Foundation | PO BOX 803878, Chicago, IL 60680-3878 | IL | 1993-05 | $1 |
| 13 | Lowe B Armstrong Trust Uw Fbo 7 Charities, 9357051500 | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1998-07 | $44,537 |
| 14 | Lucille Camp Educational Foundation | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1998-08 | $42,922 |
| 15 | Lucille M Wells Scholarship Fund | 111 W Monroe St Tax Div 10c, Chicago, IL 60603 | IL | 2000-02 | $142,943 |
| 16 | Lucille Meusel Trust | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | $8,038,916 | |
| 17 | Lucy & Emily Beasley Charitable Tr | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1982-02 | $4,133,021 |
| 18 | Lula C Wilson Trust National Bank Of Detroit Ttee | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1970-12 | $1,592,254 |
| 19 | Lula Hasam Mcafee Foundation 5616300 | 10 S Dearborn St, Chicago, IL 60603-2300 | IL | 1976-04 | $403,916 |
| 20 | Lulu And Walter Jorgensen Memorial Trust Fund | 10 S Dearborn St Ste 21 Fl, Chicago, IL 60603-2300 | IL | 2000-05 | $178,852 |
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