Corinna Historical Society in Pittsfield, 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
| Corinna Historical Society | |
| Employer Identification Number (EIN) | 010500013 |
| Name of Organization | Corinna Historical Society |
| In Care of Name | Everett E Simpson |
| Address | 108 Bates St, Pittsfield, ME 04967-4121 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Other cultural or historical activities |
| Subsection | Educational Organization |
| Ruling Date | 05/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $315,431 |
| Amount of Income | $78,529 |
| Form 990 Revenue Amount | $10,138 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: |
Non-representatives - add comments:
Amount of income in 2013: $78,529 (it was $24,188 in 2012)
| Corinna Historical Society: | $78,529 |
| Other organizations performing similar types of work: | $168,548 |
Assets in 2013: $315,431 (it was $317,628 in 2012)
| This organization: | $315,431 |
| Other organizations performing similar types of work: | $659,643 |
Expenses in 2012: $9,434
| Corinna Historical Society: | $9,434 |
| Other organizations performing similar types of work: | $121,005 |
Income to expenses ratio in 2012: 8.3
| This organization: | 8.3 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2012: 5.1%
| Corinna Historical Society: | 5.1% |
| Other organizations performing similar types of work: | 50.1% |
Revenue 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 | $8,156 | $7,627 | $8,153 | |
| Contributions, gifts, grants, etc., received | $416 | |||
| Interest on savings and temporary cash investments | $2,627 | |||
| Dividends and interest from securities | $5,000 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $296 | |||
| Gross sales less returns and allowances | $-222 | |||
| Less: Cost of goods sold | $518 | |||
| Other income | $230 | |||
| Total expenses and disbursements | $9,434 | $223 | $9,211 | $9,211 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $9,434 | $223 | $9,211 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-1,278 | |||
| Net investment income | $7,404 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $317,628 | $317,628 |
| Cash - non-interest-bearing | $931 | |
| Investments-U.S. and state government obligations | $94,225 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $222,472 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $317,628 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-413 |
| 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 | $148 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $148 |
| 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? | Yes |
| 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 | $228,647 |
| Net value of noncharitable-use assets | $225,220 |
| Minimum investment return | $11,261 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $1,968 | $2,858 | $4,826 |
| Qualifying distributions made directly for active conduct of exempt activities | $9,211 | $9,676 | $7,304 | $5,870 | $32,061 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $7,507 | $7,519 | $7,392 | $7,213 | $29,631 |
| 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 | Greater Portland Landmarks Inc | 93 High St, Portland, ME 04101-3811 | ME | 1967-05 | $522,530 |
| 2 | Maine Historical Society | 489 Congress St Ste 2, Portland, ME 04101-3415 | ME | 1938-04 | $9,209,234 |
| 3 | Victoria Mansion | 109 Danforth St, Portland, ME 04101-4504 | ME | 1971-03 | $1,747,783 |
| 4 | Hancock County Trustees Of Public Reservations | PO BOX 1478, Ellsworth, ME 04605-1478 | ME | 1949-12 | $1,644,132 |
| 5 | Castine Historical Society Inc | PO BOX 238, Castine, ME 04421-0238 | ME | 1993-03 | $987,586 |
| 6 | Trustees Of Bloomfield Academy | 9 Elm St, Skowhegan, ME 04976-1201 | ME | 1940-01 | $728,818 |
| 7 | Kennebunkport Historical Society | PO BOX 1173, Kennebunkport, ME 04046-1173 | ME | 1957-03 | $316,917 |
| 8 | Sagadahoc Preservation Inc | PO BOX 322, Bath, ME 04530-0322 | ME | 1994-02 | $223,369 |
| 9 | Willowbrook At Newfield Restoration Village, Willowbrook Museum Village | X 28, Newfield, ME 04056 | ME | 1980-10 | $146,773 |
| 10 | The Rangeley Lakes Region Historical Society | PO BOX 521, Rangeley, ME 04970-0521 | ME | 1996-03 | $72,092 |
| 11 | Society Of Mayflower Descendants In The State Of Maine | PO BOX 622, Yarmouth, ME 04096-0622 | ME | 1995-01 | $50,453 |
| 12 | Castle Hill Grange Hall Preservation Society | 32 Braley Hts, Mapleton, ME 04757-4542 | ME | 1994-05 | $0 |
| 13 | Madawaska Historical Society | 393 Main St, Madawaska, ME 04756 | ME | 1971-11 | $0 |
| 14 | Palermo Historical Society | Po Box 13, Palermo, ME 04354 | ME | 1997-06 | $0 |
| 15 | Society For The Preservation Of The Free Will Baptist Church Of | Po Box 183, Islesboro, ME 04848-0183 | ME | 1993-08 | $0 |
| 16 | Squirrel Point Associates Inc | PO BOX 1098, Portland, ME 04104-1098 | ME | 1995-02 | $0 |
| 17 | Strong Historical Society Inc | Po Box 133, Strong, ME 04983 | ME | 1979-05 | $0 |
| 18 | Town Of Gouldsboro Historical Society | Po Box 94, Gouldsboro, ME 04607 | ME | 1980-10 | $0 |
| 19 | Wessaweskeag Historical Society | Po Box 12, South Thomaston, ME 04858 | ME | 1991-10 | $0 |
| 20 | Winterport Union Meeting House | Po Box 683, Winterport, ME 04496 | ME | 1997-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,630 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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