Mccarthy Family Foundation in S Portland, Maine (ME)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Maine
| Mccarthy Family Foundation | |
| Employer Identification Number (EIN) | 046087465 |
| Name of Organization | Mccarthy Family Foundation |
| In Care of Name | Paul Daniels |
| Address | 75 S Richland St, S Portland, ME 04106-4725 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 09/1965 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $384,989 |
| Amount of Income | $40 |
| Form 990 Revenue Amount | $17,197 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $60 | $60 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2 | |||
| Dividends and interest from securities | $58 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $164,326 | $2,476 | $0 | $161,850 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,146 | $2,476 | $2,670 | |
| Contributions, gifts, grants paid | $159,180 | |||
| Excess of revenue over expenses and disbursements | $-164,266 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $493,017 | $493,017 |
| Cash - non-interest-bearing | $1,202 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $491,815 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $493,017 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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 | $591,941 |
| Net value of noncharitable-use assets | $583,060 |
| Minimum investment return | $29,153 |
| Distributable Amount (for 2012) | |
| Distributable amount | $29,153 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $29,153 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| 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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| Other organizations in Maine | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Long Creek Youth Development Center | 675 Westbrook St, S Portland, ME 04106-1930 | ME | 1942-12 | $19,949 |
| 2 | Long Creek Youth Development Center Benefit Fund | 675 Westbrook St, S Portland, ME 04106-1930 | ME | 1990-06 | $29,563 |
| 3 | Long Creek Youth Ministries Inc | 68 Longwoods Rd, Falmouth, ME 04105-1124 | ME | 1998-06 | $26,005 |
| 4 | Long Lake Public Library | PO BOX 33, Saint Agatha, ME 04772-0033 | ME | 2006-08 | $73,079 |
| 5 | Longfellow Elementary School Parent Teacher Organization | 432 Stevens Ave, Portland, ME 04103-2607 | ME | 2006-10 | $60,541 |
| 6 | Loon Echo Land Trust Inc | 8 Depot St Ste 4, Bridgton, ME 04009-1368 | ME | 1990-01 | $1,129,860 |
| 7 | Lost Lamb Evangelistic Association | 19 Debeck Dr, Holden, ME 04429-7157 | ME | 1998-01 | $334,859 |
| 8 | Louis T Graves Memorial Public Library Association | PO BOX 391, Kennebunkport, ME 04046-0391 | ME | 1942-12 | $1,198,096 |
| 9 | Louise Knapp Curtis Memorial Tr | PO BOX 190, Camden, ME 04843-0190 | ME | 1991-06 | $106,484 |
| 10 | Master Yoga Foundation | PO BOX 516, Yarmouth, ME 04096-0516 | ME | 1993-04 | $567,032 |
| 11 | Mccarthy Family Foundation | 75 S Richland St, S Portland, ME 04106-4725 | ME | 1965-09 | $40 |
| 12 | Lovejoy Health Center Inc | 7 School St, Albion, ME 04910-6501 | ME | 1978-11 | $42,898 |
| 13 | Lubec Memorial Library | 55 Water Street, Lubec, ME 04652 | ME | 1997-07 | $130,801 |
| 14 | Lucerne Beach Club | C/O Chaiken 115 Royal Road, Bangor, ME 04401 | ME | 1989-02 | $45,455 |
| 15 | Lunder Foundation | Two Monument Square No 530, Portland, ME 04101-4093 | ME | $1,838,946 | |
| 16 | Lydia A Godsoe Foundation | PO BOX 46A, Cumberland, ME 04021-0646 | ME | 1983-10 | $373,219 |
| 17 | M A And A J Hutchins Charitable Foundation, C-O Mr Marcus A Hutchins | 32 Town Landing Rd, Newagen, ME 04576-3325 | ME | 1992-09 | $597,360 |
| 18 | M D I Alcohol And Drug Abuse Group Inc | PO BOX 807, Sw Harbor, ME 04679-0807 | ME | 1980-08 | $741,710 |
| 19 | M H H A | PO BOX 436, Augusta, ME 04332-0436 | ME | 1999-12 | $181,332 |
| 20 | M&j Company | PO BOX 403, Bangor, ME 04402-0403 | ME | 1984-01 | $1,419,340 |
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