M C Edwards Trust in Chicago, Illinois (IL)

Organization representatives - add corrected or new information about M C Edwards Trust »

Non-representatives - add comments about M C Edwards Trust»

M C Edwards Trust
Employer Identification Number (EIN)746033979
Name of OrganizationM C Edwards Trust
In Care of NameMbank El Paso Ttee
Address10 S Dearborn St, Chicago, IL 60603-2300
ActivitiesGifts or grants to individuals (other than scholarships)
SubsectionCharitable Organization
Ruling Date10/1967
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$115,836
Amount of Income$6,789
Form 990 Revenue Amount$2,220


Non-representatives - add comments:


CAPTCHA

Your IP address 35.170.81.210 will be logged.

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Expenses for 2014

Analysis of Revenue and Expenses (for 2014)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$6,789$6,789$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$2,589
Gross rents$0
Gross sales price for all assets$3,947
Gross profit from sales of goods$0
Other income$253
Other$3,947
Total expenses and disbursements$8,688$2,299$0$6,439
Compensation of officers, directors, trustees, etc.$3,010
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$1,750
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$4,752$2,299$2,503
Contributions, gifts, grants paid$3,936
Excess of revenue over expenses and disbursements$-1,899
Net investment income$4,490
Adjusted net income$0
Balance Sheets
201220132014
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$124,101$124,061$117,735$125,835$115,836$132,820
Cash - non-interest-bearing$0$0$0
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$122,758$115,089$115,089
Other assets$28$28$28
Total liabilities$0$0$0
Total liabilities and net assets/fund balances$124,101$117,735$115,836
Capital Gains and Losses for Tax on Investment Income
201220132014
Capital gain net income$2,629$481$3,947
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201220132014
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$35$0$90
Total credits and payments$0$50$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$35$0$90
Overpayment$0$50$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201220132014
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNoNo
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?NoNoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYesYes
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?NoNoNo
Did any persons become substantial contributors during the tax year?NoNoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201220132014
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
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?NoNoNo
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?NoNoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
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?NoNoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
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?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
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?NoNoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
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?NoNoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
Minimum Investment Return
201220132014
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$128,721$128,624$131,693
Net value of noncharitable-use assets$126,790$126,695$129,718
Minimum investment return$6,340$6,335$6,486
Distributable Amount
201220132014
Distributable amount$6,305$6,335$6,396
Undistributed Income
201220132014
Distributable amount for this year$6,305$6,335$6,396
Undistributed income for this year. This amount must be distributed in the next year$3,631$3,936$3,893
Private Operating Foundations (for 2011 - 2014)
2014201320122011Total
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 2014)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2014)
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$0$0
Dividends and interest from securities$2,589$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
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
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend M C Edwards Trust to others? (optional)
  
Add photo of M C Edwards Trust (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Other organizations in Illinois
IdNameAddressStateEstablishedTotal Income
1Lucy & Emily Beasley Charitable Tr10 S Dearborn Il1-0117, Chicago, IL 60603-2300IL1982-02$4,133,021
2Lula C Wilson Trust National Bank Of Detroit Ttee10 S Dearborn, Chicago, IL 60603-2300IL1970-12$1,592,254
3Lula Hasam Mcafee Foundation 561630010 S Dearborn St, Chicago, IL 60603-2300IL1976-04$403,916
4Lulu And Walter Jorgensen Memorial Trust Fund10 S Dearborn St Ste 21 Fl, Chicago, IL 60603-2300IL2000-05$178,852
5Lulu M Chase Tr Fbo 1st Methodist ChurchJpmorgan Chase Bank 10 S Dearborn, Chicago, IL 60603IL1970-12$15
6Luther T Mccauley Charitable Trust10 S Dearborn Il1-0117, Chicago, IL 60603-2300IL1999-10$2,836,394
7Lynn Boyd Cowan Test Tr10 S Dearborn Il1-0117, Chicago, IL 60603-2300IL1999-12$244,056
8Lynne & Ben Exley Iv Charitable Trust Inc10 S Dearborn, Chicago, IL 60603-2300IL1999-04$127,452
9Lytel Fam Char Np Foundation Tr 260063860010 S Dearborn Il1-0117, Chicago, IL 60603-2300IL2007-07$700,495
10M A & L J Bennett Scholshp Pvt Fdtn Tr10 S Dearborn, Chicago, IL 60603-2300IL1990-01$1,259,801
11M C Edwards Trust10 S Dearborn St, Chicago, IL 60603-2300IL1967-10$6,789
12M Guenther Fbo West Point Cadet Fund10 S Dearborn, Chicago, IL 60603-2300IL1970-12$120,055
13M Morgan Tr Fbo Riley Hospital10 S Dearborn Il1-0117, Chicago, IL 60603-2300IL$463,091
14Mabel B Hendrickson Charitable Trust 2835640210, Fredbeck Melvin & Brian J Deppe10 S Dearborn, Chicago, IL 60603-2300IL1996-08$972,459
15Mabel C Stevens Tr Uw10 S Dearborn Il1-0117, Chicago, IL 60603-2300IL1997-02$133,039
16Mabel M Heid Scholarship10 S Dearborn, Chicago, IL 60603-2300IL1992-08$35,360
17Mac Naught House Fund Chase Linc Fst Bk Na10 S Dearborn Il1-0117, Chicago, IL 60603-2300IL1980-08$118,563
18Madalynne F Laux Memorial Trust10 S Dearborn, Chicago, IL 60603-2300IL1993-08$474,078
19Madeleine Toula Trust Pt769410 S Dearborn, Chicago, IL 60603-2300IL2006-06$822,767
20Madison Square Boys Club Trust Pt 9317 Of New York10 S Dearborn Il1-0117, Chicago, IL 60603-2300IL1971-05$124,733

NonProfitFacts.com is not associated with, endorsed by, or sponsored by M C Edwards Trust and has no official or unofficial affiliation with M C Edwards Trust