Carrie E Gross Trust in Chicago, Illinois (IL)

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Carrie E Gross Trust
Employer Identification Number (EIN)436575377
Name of OrganizationCarrie E Gross Trust
In Care of NameBank Of America Na
Address231 S Lasalle St Il1 231 14 19, Chicago, IL 60697-0001
ActivitiesScholarships (other)
SubsectionCharitable Organization
Ruling Date12/1995
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period07/2012
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$1,207,734
Amount of Income$742,991
Form 990 Revenue Amount$117,315
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2012: $742,991 (it was $183,462 in 2011)
This organization: 

 $742,991
Other organizations performing similar types of work: 

 $68,730

Assets in 2012: $1,207,734 (it was $1,210,936 in 2011)
Carrie E Gross Trust: 

 $1,207,734
Other organizations performing similar types of work: 

 $232,450

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$117,315$117,315$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$38,601
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$78,714
Total expenses and disbursements$120,517$9,283$0$103,533
Compensation of officers, directors, trustees, etc.$14,676
Total operating and administrative expenses$23,863$9,283$6,879
Contributions, gifts, grants paid$96,654
Excess of revenue over expenses and disbursements$-3,202
Net investment income$108,032
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$1,207,734$1,260,721
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$212,033
Investments-corporate stock$856,382
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$139,319
Total liabilities$0
Total liabilities and net assets/fund balances$1,207,734
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$78,714
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$1,080
Total credits and payments$4,061
2012 estimated tax payments and 2011 overpayment credited to 2012$4,061
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Overpayment$2,981
Amount to be credited to 2013 estimated tax$1,080
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?Yes
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$1,285,513
Net value of noncharitable-use assets$1,266,240
Minimum investment return$63,312
Distributable Amount (for 2012)
Distributable amount$62,232
Undistributed Income (for 2012)
Distributable amount for 2012$62,232
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
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
IdNameAddressStateEstablishedTotal Income
1Brazos Higher Education Authority IncPO BOX 1308, Waco, TX 76703-1308TX1980-09$258,921,911
2Great Lakes Higher Education Guaranty Corporation2401 International Ln, Madison, WI 53704-3121WI1997-02$153,543,765
3Jewell Educational Fund1050 W Bristol Rd, Flint, MI 48507-5516MI1991-06$66,038,482
4Panhandle-Plains Higher Education Authority Inc1303 23rd St, Canyon, TX 79015-5321TX1981-02$41,839,675
5Marine Corps Scholarship Foundation Inc909 N Washington St Ste 400, Alexandria, VA 22314-1555VA1995-04$35,876,493
6Brazos Higher Education Service Corporation Inc2600 Washington Ave, Waco, TX 76710-7449TX1982-11$22,749,510
7Horatio Alger Association Of Distinguished Americans Inc99 Canal Center Plz Ste 320, Alexandria, VA 22314-1588VA1952-10$17,403,222
8Cape Cod Foundation Inc259 Willow Street, Yarmouth Port, MA 02675-1762MA1995-08$8,851,777
9Access College Foundation7300 Newport Ave Ste 500, Norfolk, VA 23505-3357VA1988-06$4,790,661
10Esther Hutmacher Parriott Scholarship Farm Trust550 N Rush Street Reg Supt, Stockton, IL 61085IL1987-03$130,502
11Perkins Malo Hunter Foundation311 South Wacker Drive, Chicago, IL 60606-6627IL1997-01$7,974,916
12National Roofing Foundation10255 W Higgins Rd Ste 600, Rosemont, IL 60018-5613IL1997-01$5,180,554
13Link Unlimited2221 S State St, Chicago, IL 60616-3894IL1975-03$2,882,286
14Cna Foundation333 S Wabash Ave Corp Tax Fl 24s F, Chicago, IL 60604IL1995-10$2,085,281
15Mclaughlin Endowment Trust231 S Lasalle St, Chicago, IL 60697IL1981-08$1,831,243
16Alpha Kappa Alpha Educational Advancement Foundation Inc5656 S Stony Island Ave 3 Fl, Chicago, IL 60637-1906IL1981-03$1,763,772
17Jccc Foundation541 N Fairbanks Ct Ste 2050, Chicago, IL 60611-3735IL1991-07$1,372,447
18Media Financial Management Association550 W Frontage Rd Ste 3600, Northfield, IL 60093-1243IL1991-03$1,290,108
19North South Foundation2 Marissa Ct, Burr Ridge, IL 60527-6864IL1994-09$1,246,841
20Educational Assistance LtdPO BOX 3021, Glen Ellyn, IL 60138-3021IL1982-05$1,240,459
Number of organizations performing similar types of work
Alaska14
Alabama31
Arkansas29
Arizona45
California256
Colorado47
Connecticut70
District of Columbia38
Delaware10
Florida152
Georgia80
Hawaii19
Iowa51
Idaho15
Illinois192
Indiana81
Kansas58
Kentucky50
Louisiana26
Massachusetts107
Maryland76
Maine17
Michigan138
Minnesota61
Missouri95
Mississippi11
Montana14
North Carolina79
North Dakota6
Nebraska32
New Hampshire12
New Jersey151
New Mexico17
Nevada17
New York212
Ohio202
Oklahoma35
Oregon41
Pennsylvania173
Rhode Island25
South Carolina36
South Dakota7
Tennessee44
Texas246
Utah11
Virginia138
Vermont9
Washington66
Wisconsin103
West Virginia22
Wyoming9
International5
Total3,481

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