Illinois Press Foundation Inc in Springfield, Illinois (IL)

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Illinois Press Foundation Inc
Employer Identification Number (EIN)371139015
Name of OrganizationIllinois Press Foundation Inc
Address900 Community Dr, Springfield, IL 62703-5180
ActivitiesOther instruction and training, Publishing activities, Described in section 170(b)1)(a)(vi) of the Code
SubsectionLiterary Organization
Ruling Date12/1983
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,855,618
Amount of Income$623,948
Form 990 Revenue Amount$623,948
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Professional Societies, Associations


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Amount of income in 2012: $623,948
This organization: 

 $623,948
Other organizations performing similar types of work: 

 $391,055

Assets in 2012: $1,855,618
Illinois Press Foundation Inc: 

 $1,855,618
Other organizations performing similar types of work: 

 $513,515

Expenses in 2007: $429,874
This organization: 

 $429,874
Other organizations performing similar types of work: 

 $1,547,239

Income to expenses ratio in 2007: 0.9
Illinois Press Foundation Inc: 

 0.9
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 83.9%
This organization: 

 83.9%
Other organizations performing similar types of work: 

 73.2%

Grants share in income in 2007: 36.0%
This organization: 

 36.0%
Other organizations performing similar types of work: 

 12.1%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$277,456$288,629$287,256$319,779$576,960$563,285$401,831$386,652
Contributions, gifts, grants, and similar amounts received$118,985$111,023$108,390$100,681$356,217$265,340$134,733$139,163
Contributions to donor advised funds$0$0
Direct public support$118,985$111,023$108,390$100,681$356,217$193,317$134,733$139,163
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$72,023$0$0
Program service revenue including government fees and contracts$37,417$37,895$40,993$83,774$81,118$161,952$125,314$114,954
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$5,748$2,512$887$871$1,870$7,857$11,810$4,399
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$110,602$128,136$128,136$128,136$128,136$128,136$128,136$128,136
Gross rents$110,602$128,136$128,136$128,136$128,136$128,136$128,136$128,136
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$-1,221$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$0$0
Net income or (loss) from special events and activities$4,704$10,284$8,850$6,317$9,619$0$0$0
Gross revenue$32,170$42,164$40,678$46,830$49,939$0$0$0
Less: direct expenses other than fundraising expenses$27,466$31,880$31,828$40,513$40,320$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$1,838$0
Total expenses$279,758$279,012$261,160$325,431$341,043$654,719$388,601$429,874
Program services$207,180$219,711$207,321$269,111$285,672$590,715$325,268$360,477
Management and general$35,531$38,826$34,751$33,093$33,445$38,158$36,239$37,467
Fundraising$37,047$20,475$19,088$23,227$21,926$25,846$27,094$31,930
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$1,507,231$1,516,848$1,541,915$1,536,263$1,772,941$1,618,702$1,631,932$1,588,710
Excess or (deficit) for the year$-2,302$9,617$26,096$-5,652$235,917$-91,434$13,230$-43,222
Net assets or fund balances at beginning of year$1,509,533$1,507,231$1,516,848$1,541,915$1,536,263$1,772,941$1,618,702$1,631,932
Other changes in net assets or fund balances$0$0$-1,029$0$761$-62,805$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$429,874$360,477$37,467$31,930
Grants paid from donor advised funds$0
Other grants and allocations$63,174
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,549$0$1,549$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$4,615$0$4,615$0
Legal fees$6,000$4,500$600$900
Supplies$10$0$10$0
Telephone$444$0$444$0
Postage and shipping$1,194$597$0$597
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$1,280$590$100$590
Travel$0$0$0$0
Conferences, conventions, and meetings$59,761$59,761$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$50,656$40,525$10,131$0
Other expenses not covered above$241,191$191,330$20,018$29,843
Balance Sheets
20002001200220032004200520062007
Total assets$1,918,333$1,699,847$1,600,180$1,541,967$1,776,728$1,671,581$1,631,932$1,594,954
Cash - non-interest-bearing$29,317$16,485$0$31,593$29$0$0$0
Savings and temporary cash investments$139,246$57,614$92,018$65,263$228,786$105,476$102,661$46,233
Accounts receivable less allowance for doubtful accounts$613$6,159$11,719$1,435$3,935$7,521$5,821$3,858
Pledges receivable less allowance for doubtful accounts$137,306$79,364$12,673$1,700$0$0$0$0
Grants receivable$0$0$0$0$150,000$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$2,500$3,475$1,797$3,446$3,792$2,500$1,164
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$204,003$212,700$297,302
Land, buildings, and equipment less accumulated depreciation$1,611,851$1,537,725$1,480,295$1,440,179$1,390,532$1,350,789$1,296,728$1,246,397
Other assets, including program-related investments$0$0$0$0$0$0$11,522$0
Total liabilities$411,102$182,999$58,265$5,704$3,787$52,879$0$6,244
Accounts payable and accrued expenses$17,646$0$0$0$550$39,491$0$0
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$300$3,000$0$0$750
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$393,456$177,707$56,468$0$0$0$0$0
Other liabilities$0$5,292$1,797$5,404$237$13,388$0$5,494
Total liabilities and net assets/fund balances$1,918,333$1,699,847$1,600,180$1,541,967$1,776,728$1,671,581$1,631,932$1,594,954
Total net assets or fund balances$1,507,231$1,516,848$1,541,915$1,536,263$1,772,941$1,618,702$1,631,932$1,588,710
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$0$0$0$563,285$401,831$386,652
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$563,285$401,831$386,652
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$0$0$0$654,719$388,601$429,874
Total expenses and losses per audited financial statements$0$0$0$0$0$654,719$388,601$429,874
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings25
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$132,535$114,954
Program service revenue
Program service revenue 1000000$000$0$9,126
Program service revenue 2000000$000$0$42,439
Program service revenue 3000000$000$0$63,389
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$4,399$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$128,136$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$550,584$277,456$288,629$287,256$319,779$576,960$563,285$401,831
Gifts, grants, and contributions received$413,796$118,985$111,023$108,390$100,681$356,217$265,340$260,047
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$136,788$158,471$177,606$178,866$219,098$220,743$297,945$11,810
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$129,974
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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$312,389
Contributions, Gifts, Grants and Other Similar Amounts$130,792
Program Service Revenue$52,127
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$-2,258
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$128,784
Gross rents (Real / Personal)$128,784 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$128,784 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$2,944
Statement of Functional Expenses (for 2011)
Total functional expenses$404,151
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$404,151
Balance Sheet (for 2011)
Total assets$1,563,837
Total liabilities$4,539
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$4,539
Total net assets or fund balances$1,559,298
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$1,539,706
Gifts, grants, contributions, and membership fees received$827,417
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$712,289
Gross receipts from related activities, etc.$362,685
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Carnegie Hall Society Inc881 Seventh Avenue, New York, NY 10019-3210NY1962-04$58,141,181
2American Council Of Learned Societies228 East 45th St, New York, NY 10017-3303NY1953-04$41,006,391
3Academy Of Television Arts & Sciences5220 Lankershim Blvd, No Hollywood, CA 91601-3109CA1978-02$25,316,106
4American Numismatic Society75 Varick St Fl 11, New York, NY 10013-1917NY1938-04$23,489,461
5American Association Of Museums1575 Eye Street Nw No 400, Washington, DC 20005-1113DC1937-05$14,636,864
6American Symphony Orchestra League, Dba League Of American Orchestras33 West 60th Street, New York, NY 10023-7905NY1973-05$7,793,625
7Latin Academy Of Recording Arts & Sciences Inc3030 Olympic Blvd, Santa Monica, CA 90404-5073CA1997-03$7,269,733
8American Institute Of Graphic Arts, Aiga Knoxville738 Colony Village Way, Knoxville, TN 37923TN1991-04$7,258,944
9American Institute Of Architects, N Y Chapter536 Laguardia Pl, New York, NY 10012-1401NY1942-08$5,817,214
10American Press Institute Inc4401 Wilson Blvd Ste 900, Arlington, VA 22203-4195VA1972-02$4,639,547
11Grand Lodge Of The English Language Jurisdiction Of The Ancient Mystic, Greater Los Angeles Heptad Of The Traditional Martinist Order148 N Gramercy Place, Los Angeles, CA 90004CA1964-04$3,328,218
12American Federation Of Arts Inc305 E 47th St Fl 10, New York, NY 10017-2312NY2003-10$2,330,998
13Fine Arts Association Willoughby38660 Mentor Ave, Willoughby, OH 44094-7715OH1959-10$2,141,905
14Association Of Graphic Communications Inc330 Seventh Ave 9th Flr, New York, NY 10001-5010NY1939-03$2,080,276
15Association For Education In Journalism And Mass Communication234 Outlet Pointe Blvd Suite A, Columbia, SC 29210-5667SC1952-08$1,287,582
16Army Engineer Association IncPO BOX 30260, Alexandria, VA 22310-8260VA1992-04$890,002
17Glass Art Society Inc6512 23rd Ave Nw Suite 329, Seattle, WA 98117-5728WA1979-01$772,706
18Illinois Press Foundation Inc900 Community Dr, Springfield, IL 62703-5180IL1983-12$623,948
19Phoenix Center Arts Association1202 N 3rd St, Phoenix, AZ 85004-1812AZ1994-01$299,105
20Architectural Contractors Industry Advancement Fund2524 Harte Dr, Brighton, MI 48114-7002MI1979-04$184,618
21Colored Pencil Society Of America11680 W 66th Pl Apt A, Arvada, CO 80004-2471CO1995-01$146,658
22Pioneer Square Community CouncilSeattle, WA 98104WA$105,769
23Society Of American Travel Writers Foundation10 Nytko Drive, Pomona, NY 10970NY1982-12$61,921
24Illinois Association Of Museums313 S 6th St, Springfield, IL 62701-1805IL1994-12$53,999
25Academy Of Science Fiction Fantasy & Horror Films334 W 54th St, Los Angeles, CA 90037-3806CA1975-11$13
26Opera America Inc330 7th Ave16th Floor, New York, NY 10001-5010NY1971-09$12,056,206
27College Art Association Of America Inc50 Broadway Fl 21, New York, NY 10004-1680NY1938-11$7,448,186
28New York State School Music Association718 The Plain Rd, Westbury, NY 11590-5956NY1979-02$4,909,772
29Educational Theatre Association2343 Auburn Ave, Cincinnati, OH 45219-2815OH1989-04$4,694,808
30Illinois Theatre Association123 Mill Pond Dr, Glendale Hts, IL 60139-1948IL1977-08$333,428
Number of organizations performing similar types of work
Alaska1
Arizona2
California15
Colorado3
District of Columbia6
Florida2
Hawaii1
Iowa3
Illinois3
Indiana2
Massachusetts4
Maryland3
Michigan7
Missouri1
North Carolina2
New Jersey4
New York28
Ohio7
Oklahoma1
Oregon2
Pennsylvania3
South Carolina2
South Dakota1
Tennessee2
Texas3
Virginia5
Vermont1
Washington4
Wisconsin1
Wyoming1
Total120

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