Bertha Bornstein Residue Trust in Vinalhaven, 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
| Bertha Bornstein Residue Trust | |
| Employer Identification Number (EIN) | 016040761 |
| Name of Organization | Bertha Bornstein Residue Trust |
| In Care of Name | Jean Mcdonald |
| Address | PO BOX 174, Vinalhaven, ME 04863-0174 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1974 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $49,776 |
| Amount of Income | $104 |
| Form 990 Revenue Amount | $335 |
Non-representatives - add comments:
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 | $188 | $188 | $188 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $188 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $2,965 | $77 | $0 | $2,888 |
| Compensation of officers, directors, trustees, etc. | $36 | |||
| Total operating and administrative expenses | $715 | $77 | $638 | |
| Contributions, gifts, grants paid | $2,250 | |||
| Excess of revenue over expenses and disbursements | $-2,777 | |||
| Net investment income | $111 | |||
| Adjusted net income | $188 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $52,399 | $52,389 |
| Cash - non-interest-bearing | $1,970 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $50,429 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $52,399 | |
| 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 | $1 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $1 |
| 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 | $53,774 |
| Net value of noncharitable-use assets | $52,960 |
| Minimum investment return | $2,648 |
| Distributable Amount (for 2012) | |
| Distributable amount | $2,647 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $2,647 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $2,050 |
| 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 | Benevolent & Protective Order Of Elks Of The Usa, 2743 Ellsworth | PO BOX 85, Ellsworth, ME 04605-0085 | ME | 1951-10 | $675,867 |
| 2 | Benevolent & Protective Order Of Elks Of The Usa, 2788 York | PO BOX 711, York, ME 03909-0711 | ME | 1951-10 | $181,400 |
| 3 | Benevolent & Protective Order Of Elks Of The Usa, 835 Houlton | 86 Main St, Houlton, ME 04730-2121 | ME | 1951-10 | $379,060 |
| 4 | Benevolent & Protective Order Of Elks Of The Usa, 934 Bath | 7 Lambard Street, Bath, ME 04530 | ME | 1951-10 | $381,495 |
| 5 | Benevolent & Protective Order Of Elks Of The Usa, 964 Augusta | PO BOX 2206, Augusta, ME 04338-2206 | ME | 1951-10 | $1,761,086 |
| 6 | Benevolent & Protective Order Of Elks Of The Usa, Lewiston Lodge 371 | 1675 Lisbon St, Lewiston, ME 04240-3520 | ME | 1951-10 | $408,457 |
| 7 | Benevolent & Protective Order Of Elks Of The Usa, Maine Elks Association | 31 Belleview Dr, Jay, ME 04239-1726 | ME | 1982-11 | $337,978 |
| 8 | Benevolent & Protective Order Of Elks Of The Usa, 1293 Gardiner | 148 Cobbossee Ave, Gardiner, ME 04345-9050 | ME | 1972-10 | $177,099 |
| 9 | Benjamin Fuller & Harriet Williams Memorial Tr 10 10 123 0023940 | 150 State St, Augusta, ME 04330-7418 | ME | 1972-08 | $87,678 |
| 10 | Berkshire Conference Of Women Historians | 24 Pond Rd, S Portland, ME 04106-3130 | ME | 1981-12 | $257,044 |
| 11 | Bertha Bornstein Residue Trust | PO BOX 174, Vinalhaven, ME 04863-0174 | ME | 1974-06 | $104 |
| 12 | Berwick Academy Parents Association | 31 Academy St, South Berwick, ME 03908-1501 | ME | 1989-09 | $239,142 |
| 13 | Berwick Library Association | 103 Old Pine Hill Road, Berwick, ME 03901 | ME | 1991-06 | $101,380 |
| 14 | Beta Theta Pi Fraternity, 161 Beta Eta Chapter | 12 Munson Road, Orono, ME 04469-0001 | ME | 1967-10 | $255,776 |
| 15 | Beth C Wright Cancer Resource Center | PO BOX 322, Ellsworth, ME 04605-0322 | ME | 2004-07 | $257,351 |
| 16 | Bethel Area Chamber Of Commerce | PO BOX 1247, Bethel, ME 04217-1247 | ME | 1991-08 | $317,681 |
| 17 | Bethel Historical Society | PO BOX 12, Bethel, ME 04217-0012 | ME | 1998-06 | $316,659 |
| 18 | Bethel Library Association | PO BOX 130, Bethel, ME 04217-0130 | ME | 1945-05 | $55,072 |
| 19 | Bible Society Of Maine | 105 Harris Ave, Portland, ME 04103 | ME | 1951-01 | $25,927 |
| 20 | Bicycle Coalition Of Maine | PO BOX 15272, Portland, ME 04112-5272 | ME | 1994-03 | $964,309 |
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