Foundations Of East Chicago Inc in East Chicago, Indiana (IN)

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Foundations Of East Chicago Inc
Employer Identification Number (EIN)208445003
Name of OrganizationFoundations Of East Chicago Inc
In Care of NameRussell G Taylor
Address100 W Chicago Ave, East Chicago, IN 46312-3260
SubsectionCharitable Organization
Ruling Date02/2009
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$28,251,619
Amount of Income$13,604,142
Form 990 Revenue Amount$22,891,797
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations


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Amount of income in 2012: $13,604,142 (it was $22,891,797 in 2011)
This organization: 

 $13,604,142
Other organizations performing similar types of work: 

 $72,526

Assets in 2012: $28,251,619 (it was $29,796,517 in 2011)
This organization: 

 $28,251,619
Other organizations performing similar types of work: 

 $52,681

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$22,891,797$934,258$0
Contributions, gifts, grants, etc., received$21,859,294
Interest on savings and temporary cash investments$204,415
Dividends and interest from securities$329,619
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$498,469
Total expenses and disbursements$5,229,716$307,771$0$2,813,667
Compensation of officers, directors, trustees, etc.$227,496
Total operating and administrative expenses$2,946,502$307,771$545,635
Contributions, gifts, grants paid$2,283,214
Excess of revenue over expenses and disbursements$17,662,081
Net investment income$626,487
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$29,796,517$29,796,517
Cash - non-interest-bearing$13,441,484
Investments-U.S. and state government obligations$0
Investments-corporate stock$9,062,142
Investments-corporate bonds$2,788,282
Investments-mortgage loans$0
Investments-other$0
Other$4,504,609
Total liabilities$1,053,795
Mortgages and other notes payable$0
Other$1,053,795
Total liabilities and net assets/fund balances$28,742,722
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$498,469
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$12,530
Total credits and payments$0
Any penalty for underpayment of estimated tax$271
Tax due$12,801
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
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 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?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 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$15,013,839
Net value of noncharitable-use assets$14,788,640
Minimum investment return$739,432
Distributable Amount (for 2011)
Distributable amount$726,902
Undistributed Income (for 2011)
Distributable amount for 2011$726,902
Undistributed income for 2011. This amount must be distributed in 2012$726,902
Private Operating Foundations (for 2011)
2011201020092008Total
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
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1Goldman Sachs Charitable Gift Fund200 West St 29th Fl, New York, NY 10282-2102NY2008-01$1,084,482,017
2Goldman Sachs Philanthropy Fund30 Hudson St 15th Fl, Jersey City, NJ 07302-4600NJ2001-08$584,772,079
3San Francisco Foundation1 Embarcadero Ctr Ste 1400, San Francisco, CA 94111-3703CA2002-09$373,588,832
4Pew Charitable Trusts, Plan 08150 08151 081522005 Market St Ste 1700, Philadelphia, PA 19103-7017PA2003-04$302,988,834
5Golden L E A F Long-Term Economic Advancement Foundation Inc301 N Winstead Ave, Rocky Mount, NC 27804-2228NC2000-12$300,495,700
6University Of Cincinnati FoundationPO BOX 19970, Cincinnati, OH 45219-0970OH1977-02$125,585,484
7W W Caruth Jr FoundationPO BOX 831041, Dallas, TX 75283-1041TX1975-05$119,002,282
8National Endowment Association Incorporated10848 Scouts Way, Evansville, IN 47725-8168IN1999-11$7,385,694
9Unity Foundation Of Laporte County Inc619 Franklin St, Michigan City, IN 46360-3411IN1987-03$6,108,400
10Huntingburg Foundation IncPO BOX 269, Jasper, IN 47547-0269IN1978-10$4,290,437
11Foundations Of East Chicago Inc100 W Chicago Ave, East Chicago, IN 46312-3260IN2009-02$13,604,142
12Harlan Family Foundation7597 E Us Hwy 36, Avon, IN 46123-7171IN2006-08$5,298,555
13Fayette County Foundation IncPO BOX 844, Connersville, IN 47331-0844IN2002-04$2,455,409
14La Porte Hospital Foundation IncPO BOX 250, Laporte, IN 46352-0250IN1979-06$2,411,764
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16Care India IncPO BOX 34688, Indianapolis, IN 46234-0688IN2005-01$373,896
17Christian Holyland Foundation IncPO BOX 736, Noblesville, IN 46061-0736IN1987-02$370,298
18Rauch Foundation Inc845 Park Pl, New Albany, IN 47150-2262IN1997-05$256,957
19Latvian Assoc Daugavas Vanagi Asv Inc6916 Winona Dr, Indianapolis, IN 46236-8486IN2002-04$207,496
20Hamilton Foundation Inc31869 Chicago Trl, New Carlisle, IN 46552-9639IN1989-06$199,366
21Gasamerica Charitable Foundation Inc2700 W Main St, Greenfield, IN 46140-2739IN2000-07$171,539
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23Hoosier State Press Association Foundation Inc41 E Washington St Ste 301, Indianapolis, IN 46204-3560IN2001-02$144,089
24Impact 100 Greater Indianapolis IncPO BOX 40531, Indianapolis, IN 46240-0531IN2007-02$141,666
25Fort Wayne Central Improvement Foundation Inc555 E Wayne St, Fort Wayne, IN 46802-2013IN1982-03$125,727
26Earth And Its People Foundation Inc15633 Baintree Way, Mishawaka, IN 46545-1536IN2001-05$124,278
27Hope Crisis Response Network Inc- HcrnPO BOX 114, Borden, IN 47106-0114IN2002-03$121,303
28Indiana Donation Alliance Foundation Inc727 E 86th St, Indianapolis, IN 46240-1803IN2001-02$115,229
29Reed Family Foundation9480 Priority West Way Drive, Indianapolis, IN 46240IN2009-02$111,951
30Echs Band Boosters Incorporated1 Blazer Blvd, Elkhart, IN 46516-4565IN2004-03$108,343
Number of organizations performing similar types of work
Alaska22
Alabama159
Arkansas82
Arizona241
California1,395
Colorado262
Connecticut189
District of Columbia90
Delaware52
Florida820
Georgia355
Hawaii51
Iowa119
Idaho47
Illinois515
Indiana203
Kansas108
Kentucky127
Louisiana132
Massachusetts388
Maryland280
Maine49
Michigan374
Minnesota228
Missouri257
Mississippi44
Montana52
North Carolina319
North Dakota33
Nebraska87
New Hampshire73
New Jersey503
New Mexico55
Nevada70
New York1,060
Ohio483
Oklahoma136
Oregon165
Pennsylvania439
Rhode Island53
South Carolina141
South Dakota35
Tennessee195
Texas824
Utah106
Virginia341
Vermont33
Washington263
Wisconsin183
West Virginia55
Wyoming36
International23
Total12,352

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