Clarence A Tucker & Gladys C Tucker Cherryfield Childrens Tr 2001 in 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
- Organizations performing similar types of work
| Clarence A Tucker & Gladys C Tucker Cherryfield Childrens Tr 2001 | |
| Employer Identification Number (EIN) | 016168453 |
| Name of Organization | Clarence A Tucker & Gladys C Tucker Cherryfield Childrens Tr 2001 |
| In Care of Name | Acadia Trust Na |
| Address | 511 Congress St Ninth Fl, Portland, ME 04101-3482 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2004 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $76,682 |
| Amount of Income | $27,839 |
| Form 990 Revenue Amount | $2,117 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $27,839 (it was $24,374 in 2012)
| Clarence A Tucker & Gladys C Tucker Cherryfield Childrens Tr 2001: | $27,839 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2013: $76,682 (it was $75,907 in 2012)
| This organization: | $76,682 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2012: $5,743
| Clarence A Tucker & Gladys C Tucker Cherryfield Childrens Tr 2001: | $5,743 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2012: 4.8
| This organization: | 4.8 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 9.0% |
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 | $8,355 | $8,355 | $2,195 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $2,192 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $6,163 | |||
| Total expenses and disbursements | $5,743 | $1,058 | $1,058 | $4,124 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,619 | $1,058 | $0 | |
| Contributions, gifts, grants paid | $4,124 | |||
| Excess of revenue over expenses and disbursements | $2,612 | |||
| Net investment income | $7,297 | |||
| Adjusted net income | $1,137 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $75,907 | $84,216 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $5,056 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $68,219 | |
| Other | $2,632 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $75,906 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $6,163 |
| 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 | $146 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $146 |
| 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 | $83,540 |
| Net value of noncharitable-use assets | $82,280 |
| Minimum investment return | $4,114 |
| Distributable Amount (for 2012) | |
| Distributable amount | $3,968 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $3,968 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $3,968 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | The S Douglas And Rita C Sukeforth Charitable Foundation, Sukeford S Douglas Ttee | 982 Lakeview Dr, South China, ME 04358-4326 | ME | 1999-03 | $9,987,203 |
| 5 | Maine Huts & Trails | 496 Main St Apt C, Kingfield, ME 04947-4152 | ME | 2001-05 | $1,730,553 |
| 6 | Hungarian-American Enterprise Scholarship Fund | C/O Ciee 300 Fore Street, Portland, ME 04101 | ME | 2004-04 | $1,701,007 |
| 7 | Girls On The Run - Maine | Po Box 85, Cumberland, ME 04021 | ME | 2012-07 | $150,303 |
| 8 | Ross Powers Foundation, Level Field Fund | PO BOX 7532, Portland, ME 04112-7532 | ME | 2003-11 | $150,260 |
| 9 | Rotary Club Of Boothbay Harbor Foundation Inc | 35 Town Landing Rd, Newagen, ME 04576-3323 | ME | 2000-08 | $58,570 |
| 10 | Sanford-Springvale Rotary Charitabl | PO BOX 1166, Sanford, ME 04073 | ME | 1998-05 | $49,422 |
| 11 | Winslow-Johnson Scholarship Tr | PO BOX 548, Bath, ME 04530-0548 | ME | 2002-09 | $35,612 |
| 12 | Tri-Town Medical Foundation Inc | PO BOX 5036, North Jay, ME 04262-5036 | ME | 1980-04 | $29,895 |
| 13 | Friends Of Tubeho Scholarship Foundation For Rwandans Orphans | 933 High Street, Bath, ME 04530 | ME | 2007-07 | $22,473 |
| 14 | David F Talevi Foundation | 1733 Post Rd, Wells, ME 04090 | ME | 2011-12 | $22,380 |
| 15 | The Sandy Christman Foundation | PO BOX 10405, Portland, ME 04104-0405 | ME | 2006-10 | $20,156 |
| 16 | Hebrew Free Loan Of Maine Inc | 400 Deering Ave, Portland, ME 04103-4454 | ME | 2014-07 | $20,145 |
| 17 | Legacy Inc | 1088 Western Ave, Hampden, ME 04444-3322 | ME | 2009-12 | $14,890 |
| 18 | Patriotic Club Of Bremen Maine | Po Box 235, Bremen, ME 04551 | ME | 2014-02 | $7,445 |
| 19 | Whelan Family Scholarship Fund | 11 Tumblers Hl, Freeport, ME 04032-6301 | ME | 2006-03 | $2,775 |
| 20 | Dreams Heard Foundation | 153 Regan Ln, Portland, ME 04103-2047 | ME | 2013-02 | $1,804 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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