MISSION
The Corporation is organized exclusively for charitable, educational or scientific purposes, but not limited to, fundraising for the financial support of educational and post-secondary vocational pursuits of Chicagoland youth and young adults.
DEMOGRAPHIC
ADDRESS
8019 S WASHTENAW AVE
60652
COUNTY
cook county, IL
IN CARE OF NAME
CHRISTAL LEE
ORGANIZATIONAL OVERVIEW & RANKINGS
PHYLLIS LOFTON-LEE FOUNDATION is a based in CHICAGO, IL, focused on Youth Development causes , specifically Fund Raising and/or Fund Distribution. Established in August 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,490,377 among 2,656,690 nonprofits nationally (Top 94%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 79,178 out of 106,037 organizations in IL (Top 75%).
In cook county, IL, the organization ranks 36,464 out of 46,103 nonprofits by assets (Top 80%), while locally in chicago, it stands at 27,527 among 28,197 organizations (Top 98%).
The organization reported no revenue in the most recent filing period, placing it at 2,214,551 nationally and 98,170 in IL.
Within its specific NTEE classification (O12 - O: Youth Development), which includes 3,600 similar organizations, PHYLLIS LOFTON-LEE FOUNDATION ranks 2,803 in assets (Top 78%) and 2,694 in revenue (Top 75%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
O: Youth Development
NTEE CODE
O12: Fund Raising and/or Fund Distribution
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2024;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
08/2021
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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