Friends Of Lasalle Language Academy Inc in Chicago, Illinois (IL)

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Friends Of Lasalle Language Academy Inc
Employer Identification Number (EIN)363251772
Name of OrganizationFriends Of Lasalle Language Academy Inc
In Care of NameShannon Cattan
Address2610 W Iowa St Apt 1f, Chicago, IL 60622-4608
ActivitiesGifts, grants, or loans to other organizations, Described in section 509(a)(2) of the Code
SubsectionEducational Organization
Ruling Date02/1985
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period07/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$310,973
Amount of Income$154,593
Form 990 Revenue Amount$55,161


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Financial snapshot ($)

Revenue for 2011

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$113,369
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$1,619
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$111,750
Gross income from gaming$0
Gross income from fundraising events$170,362
Less: direct expenses from gaming and fundraising events$58,612
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$125,564
Total net assets$365,522
Deficit for the year$-12,195
Net assets or fund balances at beginning of year$377,717
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$365,522
Total liabilities$0
Net assets or fund balances$365,522
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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