Kazma Family Foundation in Chicago, Illinois (IL)

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Kazma Family Foundation
Employer Identification Number (EIN)364206371
Name of OrganizationKazma Family Foundation
In Care of NameLeigh-Anne Kazma
Address321 N Clark St 5th Fl, Chicago, IL 60654-4714
ActivitiesScholarships (other), Other school related activities, Gifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date06/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period04/2012
Assets$100,000 to $499,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$421,038
Amount of Income$2,119,073
Form 990 Revenue Amount$890,685
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations

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Amount of income in 2012: $2,119,073 (it was $2,867,042 in 2011)
Kazma Family Foundation: 

Other organizations performing similar types of work: 


Assets in 2012: $421,038 (it was $951,550 in 2011)
This organization: 

Other organizations performing similar types of work: 


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$890,685$188,259$0
Contributions, gifts, grants, etc., received$702,426
Interest on savings and temporary cash investments$25,290
Dividends and interest from securities$4,347
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$1,419,635$0$0$1,318,060
Compensation of officers, directors, trustees, etc.$58,332
Total operating and administrative expenses$101,575$0$0
Contributions, gifts, grants paid$1,318,060
Excess of revenue over expenses and disbursements$-528,950
Net investment income$188,259
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$421,038$419,087
Cash - non-interest-bearing$281,227
Investments-U.S. and state government obligations$0
Investments-corporate stock$6,538
Investments-corporate bonds$0
Investments-mortgage loans$0
Total liabilities$51,230
Mortgages and other notes payable$0
Total liabilities and net assets/fund balances$369,808
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$158,622
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$1,883
Total credits and payments$2,732
2012 estimated tax payments and 2011 overpayment credited to 2012$732
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$2,000
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Amount to be credited to 2013 estimated tax$849
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?No
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?No
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$485,346
Net value of noncharitable-use assets$478,060
Minimum investment return$23,903
Distributable Amount (for 2012)
Distributable amount$22,020
Undistributed Income (for 2012)
Distributable amount for 2012$22,020
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
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
1The City College 21st Century Foundation Inc138th Street And Convent Avenue, New York, NY 10031NY1997-03$86,641,569
2Center For Inquiry Development Fund3965 Rensch Rd, Amherst, NY 14228-2743NY1998-12$10,791,389
3Chapel Hill Training Outreach Project Inc800 Eastowne Dr Ste 105, Chapel Hill, NC 27514-2215NC1993-05$8,975,022
4Ziering Family Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA1996-06$3,505,573
5Our Lady Of Divine Providence House Of Prayer Foundation Inc711 S Bayview Ave, Clearwater, FL 33759-4251FL1994-08$283,880
6John D & Catherine T Macarthur Foundation140 S Dearborn St Ste 1100, Chicago, IL 60603-5285IL1971-02$2,360,056,129
7Grand Victoria Foundation230 W Monroe St Ste 2532, Chicago, IL 60606-4703IL1996-12$34,128,651
8James And Aune Nelson FoundationPO BOX 5146, Godfrey, IL 62035-5146IL1998-05$16,782,519
9M Blair Hull Jr Foundation, Hull M Blair Jr Ttee141 W Jackson Blvd Ste 340, Chicago, IL 60604-3124IL1998-06$8,756,628
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11Lions Of Illinois Endowment Fund2814 Dekalb Ave, Sycamore, IL 60178-3117IL1997-10$5,926,070
12Carol Lavin Bernick Family Foundation155 N Wacker Dr Ste 840, Chicago, IL 60606-1723IL1998-04$5,803,966
13Hoehn Family Charitable Tr50 S Lasalle Ste B-3, Chicago, IL 60603-1008IL1998-11$5,665,618
14The@john C & Carolyn Noonan Parmer Private Foundation9 Woodley Rd, Winnetka, IL 60093-3735IL1997-07$5,333,032
15Jerome And Ilene Cole Foundation Inc68 Buckingham Ct, Deerfield, IL 60015-4872IL1995-11$4,831,032
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17Albert J Speh Jr & Claire R Speh Foundation10700 W Higgins Rd Ste 250, Rosemont, IL 60018-3711IL1997-05$4,214,456
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19Butler Family Foundation1550 Nw Hwy Ste 108 D, Park Ridge, IL 60068-1458IL1956-07$3,675,674
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Number of organizations performing similar types of work
District of Columbia24
North Carolina135
North Dakota2
New Hampshire17
New Jersey210
New Mexico24
New York530
Rhode Island33
South Carolina40
South Dakota12
West Virginia9

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