Billy Weiss Memorial Foundation in Rockland, 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
| Billy Weiss Memorial Foundation | |
| Employer Identification Number (EIN) | 010526972 |
| Name of Organization | Billy Weiss Memorial Foundation |
| In Care of Name | Wayne R Crandall |
| Address | 10 School St, Rockland, ME 04841-2841 |
| Subsection | Charitable Organization |
| Ruling Date | 11/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $338,361 |
| Amount of Income | $350,834 |
| Form 990 Revenue Amount | $15,452 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Philanthropy, Voluntarism, and Grantmaking Foundations (Not Elsewhere Classified) |
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 | $23,067 | $11,302 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $11,029 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $12,038 | |||
| Total expenses and disbursements | $21,126 | $2,925 | $0 | $16,500 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,626 | $2,925 | $0 | |
| Contributions, gifts, grants paid | $16,500 | |||
| Excess of revenue over expenses and disbursements | $1,941 | |||
| Net investment income | $8,377 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $312,677 | $330,505 |
| Cash - non-interest-bearing | $40,086 | |
| Investments-U.S. and state government obligations | $35,667 | |
| Investments-corporate stock | $140,353 | |
| Investments-corporate bonds | $96,571 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $312,677 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $12,038 |
| 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 | $84 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $84 |
| 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 | $329,848 |
| Net value of noncharitable-use assets | $324,900 |
| Minimum investment return | $16,245 |
| Distributable Amount (for 2012) | |
| Distributable amount | $16,161 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $16,161 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $15,886 |
| 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 | Biddeford Youth Hockey Association | PO BOX 873, Biddeford, ME 04005-0873 | ME | 1976-04 | $136,192 |
| 2 | Biddleford Pool Land Tr, Ayers Margaret Ann Ttee | PO BOX 306, Biddeford Pl, ME 04006-0306 | ME | 1998-09 | $10,992 |
| 3 | Bidu Sayao Memorial Childrens Tr, Mckittrick R A & Eaton H J Ttee | PO BOX 780, Camden, ME 04843-0780 | ME | 2004-06 | $136,875 |
| 4 | Big Brothers Big Sisters Of Bath Brunswick | 85 Maine St, Brunswick, ME 04011-2014 | ME | 1993-08 | $188,603 |
| 5 | Big Brothers Big Sisters Of Eastern Maine Inc | PO BOX 729, Ellsworth, ME 04605-0729 | ME | 2008-09 | $750 |
| 6 | Big Brothers Big Sisters Of Kennebec Valley | PO BOX 9002, Augusta, ME 04338-9002 | ME | 1994-02 | $1,016 |
| 7 | Big Brothers Big Sisters Of Southern Maine | 195 Lancaster St, Portland, ME 04101-2407 | ME | 1994-01 | $742,325 |
| 8 | Big Brothers Big Sisters Of Mid-Maine | 48 Washington St, Camden, ME 04843-1584 | ME | 1984-03 | $602,494 |
| 9 | Big Tree Boating Association | PO BOX 273, Islesboro, ME 04848-0273 | ME | 1997-02 | $80,175 |
| 10 | Bigelow Laboratory For Ocean Sciences Foundation | PO BOX 380, East Boothbay, ME 04544-0380 | ME | 2002-04 | $46,930 |
| 11 | Billy Weiss Memorial Foundation | 10 School St, Rockland, ME 04841-2841 | ME | 1999-11 | $350,834 |
| 12 | Billy Williams Foundation | 24 Union St, Camden, ME 04843-2016 | ME | 1974-02 | $3,556 |
| 13 | Bingham Area Health Council Inc | PO BOX 284, Bingham, ME 04920-0284 | ME | 1976-03 | $67,873 |
| 14 | Bio-Medical Institute | 68 Coburn Ave, Skowhegan, ME 04976-1206 | ME | 1973-03 | $23,179 |
| 15 | Biodiversity | 276 Canco Rd, Portland, ME 04103-4351 | ME | 1999-04 | $4,852,746 |
| 16 | Biomedical Sciences Exchange Program Inc | 1014 State Highway 3, Bar Harbor, ME 04609-7242 | ME | 1992-02 | $4,250 |
| 17 | Bioregional Conservacy & Reclamation Tr, Walker Bruce Ttee | PO BOX 777, Unity, ME 04988-0777 | ME | 1999-07 | $34,632 |
| 18 | Biotechnology Association Of Maine | 415 Congress Street Apt No 202, Portland, ME 04101 | ME | 1999-12 | $0 |
| 19 | Birch Rock Camp | 30 Bellevue Ave, S Portland, ME 04106-3903 | ME | 1987-06 | $840,502 |
| 20 | Biscay Road Corporation | 50 Moody St, Saco, ME 04072-0892 | ME | 1999-04 | $43,577 |
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