Carol & David Hancock Charitable Tr, Hancock K David & Carol Ttee in Casco, 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
| Carol & David Hancock Charitable Tr, Hancock K David & Carol Ttee | |
| Employer Identification Number (EIN) | 016124732 |
| Name of Organization | Carol & David Hancock Charitable Tr |
| Secondary Name | Hancock K David & Carol Ttee |
| Address | 20 E Beach Rd, Casco, ME 04015-3141 |
| Activities | Gifts, grants, or loans to other organizations, School, college, trade school, etc., Museum, zoo, planetarium, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 05/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $563,192 |
| Amount of Income | $99,502 |
| Form 990 Revenue Amount | $18,894 |
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 | $41,544 | $41,091 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $11,866 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $453 | |||
| Other | $29,225 | |||
| Total expenses and disbursements | $39,408 | $5,474 | $0 | $32,530 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $6,878 | $5,474 | $0 | |
| Contributions, gifts, grants paid | $32,530 | |||
| Excess of revenue over expenses and disbursements | $2,136 | |||
| Net investment income | $35,617 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $574,139 | $675,322 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $25,000 | |
| Investments-corporate stock | $221,900 | |
| Investments-corporate bonds | $132,383 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $194,856 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $574,139 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $29,225 |
| 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 | $712 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $3 |
| Tax due | $715 |
| 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 | $663,978 |
| Net value of noncharitable-use assets | $654,020 |
| Minimum investment return | $32,701 |
| Distributable Amount (for 2012) | |
| Distributable amount | $31,989 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $31,989 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $31,920 |
| 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 | Caribou Country Club | PO BOX 633, Caribou, ME 04736-0633 | ME | $102,193 | |
| 2 | Caribou High School Music Building Fund | P O Box 825, Caribou, ME 04736 | ME | 2005-01 | $0 |
| 3 | Caribou Historical Society | PO BOX 861, Caribou, ME 04736-0861 | ME | 1975-04 | $20,137 |
| 4 | Caribou Pet Rescue Inc | PO BOX 488, Caribou, ME 04736-0488 | ME | 2006-09 | $98,383 |
| 5 | Caring Resources For Living | 1018 North Road, North Yarmouth, ME 04097 | ME | 2005-12 | $0 |
| 6 | Caring Unlimited Corp | 965 Main St, Sanford, ME 04073-3764 | ME | 1978-07 | $1,406,842 |
| 7 | Carl Benton Straub Charitable Tr, Carl Benton Straub Ttee | 28 Franklin St, Lewiston, ME 04240-6340 | ME | 2006-08 | $1 |
| 8 | Carl Merrill Childrens Foundation | 254 Commercial St, Portland, ME 04101-4664 | ME | 2000-02 | $19,124 |
| 9 | Carleton Project | 18 Military St, Houlton, ME 04730-1714 | ME | 2000-08 | $428,988 |
| 10 | Carlo Pittore Foundation For The Figurative Arts | PO BOX 1231, Kennebunkport, ME 04046-1231 | ME | 2006-03 | $13,170 |
| 11 | Carol & David Hancock Charitable Tr, Hancock K David & Carol Ttee | 20 E Beach Rd, Casco, ME 04015-3141 | ME | 1994-05 | $99,502 |
| 12 | Carol And Robert Olson Foundation | PO BOX 890, Kennebunk, ME 04043-0890 | ME | 2001-03 | $18,000 |
| 13 | Carrabassett Valley Public Library | 3209 Carrabassett Drive 3, Carrabassett Valley, ME 04947 | ME | 2006-02 | $0 |
| 14 | Carver Memorial Library Association | 12 Union Street, Searsport, ME 04974 | ME | 1943-10 | $0 |
| 15 | Casa Inc | PO BOX 150, Westbrook, ME 04098-0150 | ME | 1983-06 | $8,331,522 |
| 16 | Cascade Foundation | PO BOX 958, Rockport, ME 04856-0958 | ME | 2006-09 | $4,129,145 |
| 17 | Casco Bay Health Center, Peaks Island Health Center | 87 Central Ave, Peaks Island, ME 04108 | ME | 1976-01 | $0 |
| 18 | Casco Bay Hockey Assn | PO BOX 7482, Portland, ME 04112-7482 | ME | 1974-02 | $413,204 |
| 19 | Casco Bay Soccer Club | PO BOX 6203, Cape Eliz, ME 04107-0003 | ME | 2001-08 | $92,187 |
| 20 | Casco Fire Association | PO BOX 183, Casco, ME 04015-0183 | ME | 2002-03 | $124,951 |
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