Glickman Foundation in Chicago, Illinois (IL)

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Glickman Foundation
Employer Identification Number (EIN)363857009
Name of OrganizationGlickman Foundation
In Care of NameJoseph Glickman
Address30 South Wells Street No 4049, Chicago, IL 60606-5054
ActivitiesCommunity Chest, United Way, etc., Gifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date04/1993
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$403,126
Amount of Income$1,951
Form 990 Revenue Amount$1,951


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Financial snapshot ($)

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
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$0
Statement of Revenue (for 2011)
Total revenue$-550,246
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$5,505
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net loss from sales of assets other than inventory$-555,751
Gross amount from sales of assets other than inventory (Securities / Other)$38,249 / $0
Less: cost or other basis and sales expenses (Securities / Other)$594,000 / $0
Gain or (loss) (Securities / Other)$-555,751 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$286,422
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$286,422
Balance Sheet (for 2011)
Total assets$992,094
Total liabilities$636,411
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$636,411
Total net assets or fund balances$355,683
Retained earnings, endowment, accumulated income, or other funds$355,683
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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