Jain Society Of Metropolitan Chicago Inc in Bartlett, Illinois (IL)

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Jain Society Of Metropolitan Chicago Inc
Employer Identification Number (EIN)510175101
Name of OrganizationJain Society Of Metropolitan Chicago Inc
Address435 N Rt 59, Bartlett, IL 60103
ActivitiesOther religious activities
SubsectionReligious Organization
Ruling Date12/1975
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 Period12/2011
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$13,960,275
Amount of Income$1,183,192
Form 990 Revenue Amount$1,073,124
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Buddhist


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Amount of income in 2011: $1,183,192
Jain Society Of Metropolitan Chicago Inc: 

 $1,183,192
Other organizations performing similar types of work: 

 $124,542

Assets in 2011: $13,960,275
Jain Society Of Metropolitan Chicago Inc: 

 $13,960,275
Other organizations performing similar types of work: 

 $386,585

Expenses in 2007: $475,617
Jain Society Of Metropolitan Chicago Inc: 

 $475,617
Other organizations performing similar types of work: 

 $134,571

Income to expenses ratio in 2007: 2.2
Jain Society Of Metropolitan Chicago Inc: 

 2.2
Other organizations performing similar types of work: 

 1.8

Expenses allocated to program services in 2007: 97.0%
Jain Society Of Metropolitan Chicago Inc: 

 97.0%
Other organizations performing similar types of work: 

 72.9%

Number of employees in 2007: 1
Jain Society Of Metropolitan Chicago Inc: 

 1
Other organizations performing similar types of work: 

 2

Grants share in income in 2007: 96.3%
This organization: 

 96.3%
Other organizations performing similar types of work: 

 96.3%

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$444,478$477,921$392,792$443,474$444,349$766,495$901,106$1,064,732
Contributions, gifts, grants, and similar amounts received$311,955$410,434$312,007$382,405$406,926$701,131$958,153$1,025,332
Contributions to donor advised funds$0$0
Direct public support$311,955$410,434$312,007$382,405$406,926$701,131$958,153$1,025,332
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$0$11,403$13,714$13,714$8,888$16,754$8,621$29,823
Interest on savings and temporary cash investments$62,881$46,274$0$27,571$14,196$28,617$8,921$7,227
Dividends and interest from securities$0$0$49,272$2,108$1,438$5,739$0$0
Net rental income or (loss)$21,725$5,600$10,791$17,676$12,901$14,254$0$2,350
Gross rents$21,725$5,600$10,791$17,676$12,901$14,254$0$2,350
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$47,917$4,210$7,008$0$0$0$-74,589$0
Gross amount from sales of assets other than inventory$47,917$4,210$7,008$0$0$0$489,659$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$564,248$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$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$0$0
Total expenses$301,314$377,649$387,932$306,445$385,490$348,725$284,434$475,617
Program services$180,138$247,438$314,028$291,066$368,458$337,740$272,967$461,440
Management and general$121,176$129,211$73,904$15,379$17,032$9,576$11,467$14,177
Fundraising$0$1,000$0$0$0$1,409$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$4,410,247$4,377,429$4,275,411$4,481,842$4,558,181$5,018,938$5,735,276$6,324,391
Excess or (deficit) for the year$143,164$100,272$4,860$137,029$58,859$417,770$616,672$589,115
Net assets or fund balances at beginning of year$4,358,213$4,410,247$4,377,429$4,275,411$4,481,842$4,558,181$5,018,938$5,735,276
Other changes in net assets or fund balances$-91,130$-133,090$-106,878$69,402$17,480$42,987$99,666$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$475,617$461,440$14,177$0
Grants paid from donor advised funds$0
Other grants and allocations$22,714
Specific assistance to individuals$2,000
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$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$15,600$15,600$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$1,328$1,328$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$10,917$0$10,917$0
Legal fees$1,829$0$1,829$0
Supplies$107,140$107,140$0$0
Telephone$3,300$3,300$0$0
Postage and shipping$491$491$0$0
Occupancy$176,519$176,519$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$12,323$12,323$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$14,654$14,654$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$81,984$81,984$0$0
Other expenses not covered above$24,818$23,387$1,431$0
Balance Sheets
20002001200220032004200520062007
Total assets$4,451,398$4,418,929$4,312,911$4,527,262$4,605,981$5,073,339$9,050,358$10,938,866
Cash - non-interest-bearing$0$0$0$0$0$0$0$0
Savings and temporary cash investments$1,083,776$1,182,043$1,344,396$1,586,171$1,686,224$613,221$1,883,774$1,088,417
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$49,879$39,597$24,651$18,534$9,941$8,172$48,878$27,795
Grants receivable$0$0$0$0$0$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$125,000$100,000$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$0$0$0$0$0$0$0
Investments - publicly-traded securities$8,916$9,063
Investments - other securities$548,052$419,170$319,302$393,300$412,218$472,737$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$0$0$0
Land, buildings, and equipment less accumulated depreciation$2,644,691$2,678,119$2,624,562$2,529,257$2,497,598$3,979,209$7,108,790$9,813,591
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$41,151$41,500$37,500$45,420$47,800$54,401$3,315,082$4,614,475
Accounts payable and accrued expenses$4,151$4,500$3,500$11,420$13,800$4,500$4,500$8,600
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
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$37,000$37,000$34,000$34,000$34,000$49,901$3,310,582$4,605,875
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$4,451,398$4,418,929$4,312,911$4,527,262$4,605,981$5,073,339$9,050,358$10,938,866
Total net assets or fund balances$4,410,247$4,377,429$4,275,411$4,481,842$4,558,181$5,018,938$5,735,276$6,324,391
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$444,478$477,921$392,792$440,984$444,349$766,495$901,106$1,064,732
Total revenue, gains, and other support per audited financial statements$353,348$344,831$285,914$512,874$461,829$809,482$1,000,772$1,064,732
Other expenses$-91,130$-133,090$-106,878$71,890$17,480$42,987$99,666$0
Net unrealized gains on investments$-91,130$-133,090$-106,878$71,890$17,480$42,987$99,666$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$301,314$377,649$387,932$0$385,490$348,725$284,434$475,617
Total expenses and losses per audited financial statements$301,314$377,649$387,932$0$385,490$348,725$284,434$475,617
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 meetings5
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, 20061
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$0$37,050
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
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$29,823
Interest on savings and temporary cash investments000000$000$0$7,227
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$000$0$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 isChurch, convention of churches, etc.
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
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$0$0$0$0$0$0$0$0
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$0
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$1,073,124
Contributions, Gifts, Grants and Other Similar Amounts$1,102,609
Program Service Revenue$13,908
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$6,727
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental loss$-48,359
Gross rents (Real / Personal)$59,948 / $0
Less: rental expenses (Real / Personal)$108,307 / $0
Rental income or (loss) (Real / Personal)$-48,359 / $0
Net gain from sales of assets other than inventory$0
Net loss from fundraising events$-1,761
Gross income from fundraising events$0
Less: direct expenses$1,761
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$973,407
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$156,760
Payroll taxes$6,077
Professional fundraising services$0
Other$810,570
Balance Sheet (for 2011)
Total assets$13,960,275
Total liabilities$2,318,486
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$2,293,640
Other$24,846
Total net assets or fund balances$11,641,789
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:A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Chung Te Buddhist Association Of New York Inc152 Henry St # 154, New York, NY 10002-6432NY1979-08$1,981,982
2Jain Society Of Metropolitan Chicago Inc435 N Rt 59, Bartlett, IL 60103IL1975-12$1,183,192
3Sayaji U Ba Khin Vipassana FoundationPO BOX 1167, North Fork, CA 93643-1167CA1984-05$1,072,446
4Purple Lotus Temple636 San Mateo Ave, San Bruno, CA 94066-3612CA1993-05$1,032,398
5Mongkoltepmunee Buddist Temple3304 Knights Rd, Bensalem, PA 19020-2819PA1986-01$374,706
6Won Buddhism Of The Usa Inc4253 Muncaster Mill Rd, Rockville, MD 20853-1430MD1991-02$219,701
7Evangelize China Fellowship Inc437 S Garfield Ave, Monterey Park, CA 91754-3328CA1958-01$193,559
8L A Buddhist Temple Of The Jingaksect524 S Serrano Ave, Los Angeles, CA 90020-3954CA1991-09$159,748
9International Buddhism Friendship Association2249 Wentworth Ave, Chicago, IL 60616-2011IL2003-09$154,896
10United Lodge Of Theosophists347 E 72nd St, New York, NY 10021-4602NY1963-01$127,332
11Lin Du Temple562 Somerset St, San Francisco, CA 94134-1739CA1998-12$21,688
12Illinois Vipassana Association10076 Fish Hatchery Rd, Pecatonica, IL 61063-9023IL2000-09$368,073
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16Fu Yuan Buddhist Center Of America1261 Harrison St, Oakland, CA 94612-3912CA2009-03$78,548
17Buddhist Social Services Center10502 Orangewood Ave, Garden Grove, CA 92840-1602CA2006-11$45,491
18Callipeplon Society680 Salmela Rd, Philo, CA 95466-9412CA1984-07$27,497
19Northwest Arkansas Lao Association604 N Old Missouri Rd, Springdale, AR 72764-3639AR2007-01$23,634
20Arkansas International Buddhistsociety4601 N O St, Fort Smith, AR 72904-6611AR2007-08$0
21Aung Mangalar Buddhis Temple369 Saint Francis Blvd, Daly City, CA 94015-2134CA2004-04$0
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Number of organizations performing similar types of work
Alabama1
Arkansas2
California22
Colorado1
Georgia1
Hawaii1
Illinois5
Massachusetts2
Maryland2
New Jersey3
New York5
Pennsylvania1
South Carolina2
Texas1
Virginia1
Washington1
Total51

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