Davenport Trust Fund in Bath, 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
| Davenport Trust Fund | |
| Employer Identification Number (EIN) | 016009246 |
| Name of Organization | Davenport Trust Fund |
| Address | 65 Front St, Bath, ME 04530-2508 |
| Activities | Scholarships (other), Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 08/1957 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,547,382 |
| Amount of Income | $921,861 |
| Form 990 Revenue Amount | $290,207 |
| User's rating |  |
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 | $288,115 | $277,605 | $0 | |
| Contributions, gifts, grants, etc., received | $10,510 | |||
| Interest on savings and temporary cash investments | $2 | |||
| Dividends and interest from securities | $227,033 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $50,570 | |||
| Total expenses and disbursements | $375,008 | $46,357 | $0 | $323,795 |
| Compensation of officers, directors, trustees, etc. | $49,950 | |||
| Total operating and administrative expenses | $86,583 | $46,357 | $35,370 | |
| Contributions, gifts, grants paid | $288,425 | |||
| Excess of revenue over expenses and disbursements | $-86,893 | |||
| Net investment income | $231,248 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,631,968 | $6,576,416 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $408,553 | |
| Investments-corporate stock | $2,272,201 | |
| Investments-corporate bonds | $2,422,334 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $528,880 | |
| Total liabilities | $525 | |
| Mortgages and other notes payable | $0 | |
| Other | $525 | |
| Total liabilities and net assets/fund balances | $5,631,443 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $50,570 |
| 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 | $2,312 |
| Total credits and payments | $4,800 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $4,800 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $2,488 |
| Amount to be credited to 2013 estimated tax | $2,488 |
| 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? | Yes |
| 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? | Yes |
| 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 | $6,518,195 |
| Net value of noncharitable-use assets | $6,420,420 |
| Minimum investment return | $321,021 |
| Distributable Amount (for 2012) | |
| Distributable amount | $318,709 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $318,709 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $2,139 |
| 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 |
Ratings Summary
Based on 1 vote
| Overall Rating: |  | 5.0 |
| Ratings in categories: | ||
| Program: |  | 5.0 |
| Fundraising: | | 5.0 |
| Expenses: | | 5.0 |
| Transparency: | | 5.0 |
1 User Review:
Kimberly Gates
Added on Mar 26, 2015 11:59 AM
Visited on Mar 26, 2015 12:57 PM
The Trustees that sit on the Davenport Trust Fund are prompt, generous and above all HELPFUL! Davenport has always been a substantial supporter of the Bath Area Food Bank. This past year Barry offered to pay for a 'Board Boot Camp' seminar. 3 of our board members took him up on his offer as well as our Executive Director...The class was instrumental in making the changes we needed to make to make to keep up with the times! We have been making those changes and improvements to both our board and to our present location...'Give a man a fish and feed him for a day...teach a man to fish and you feed him for a lifetime'...THANK YOU BARRY for teaching us how to fish!
Would you recommend Davenport Trust Fund to others? Yes
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| Other organizations in Maine | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Cytometry Educational Association Inc | PO BOX 247, Topsham, ME 04086-0247 | ME | 2002-06 | $16,558 |
| 2 | D A Hurd Public Library Assoc | 41 High St, North Berwick, ME 03906-6101 | ME | 2000-12 | $225,974 |
| 3 | Damariscotta Montessori School Ii | 93 Center St, Nobleboro, ME 04555-9022 | ME | 2004-09 | $790,824 |
| 4 | Damariscotta Region Chamber Of Commerce | 15 Courtyard Street, Damariscotta, ME 04543 | ME | 1987-02 | $89,068 |
| 5 | Dancingtrees Lodge Inc | 15 Cotton Lane, Oxford, ME 04270 | ME | 2005-06 | $38,727 |
| 6 | Danforth Habilitation Association | PO BOX 217, Danforth, ME 04424-0217 | ME | 1987-03 | $2,333,006 |
| 7 | Danforth High School Alumni Association | 209 Calais Road, Danforth, ME 04424 | ME | 1999-02 | $0 |
| 8 | Daniel Hanley Center For Health Leadership | 217 Commercial St Ste 201, Portland, ME 04101-4678 | ME | 2006-06 | $929,842 |
| 9 | Darrow Foundation | 3101 Main St, Hanover, ME 04237-2006 | ME | 2001-09 | $58,709 |
| 10 | Daughters Of The Nile, Arok Temple #94 | Po Box 591, Auburn, ME 04212 | ME | 1972-10 | $0 |
| 11 | Davenport Trust Fund | 65 Front St, Bath, ME 04530-2508 | ME | 1957-08 | $921,861 |
| 12 | David & Kaye Flanagan Charitable Foundation | PO BOX 447, Manchester, ME 04351-0447 | ME | 2001-07 | $1 |
| 13 | David Marshall Ohmart Memorial Fund | PO BOX 656, Bangor, ME 04402-0656 | ME | 1974-12 | $4,162 |
| 14 | Davis Conservation Foundation | 30 Forest Falls Dr Ste 5, Yarmouth, ME 04096-6983 | ME | 1989-02 | $3,383,309 |
| 15 | Day Family Association | 1002 Mutton Lane, Veazie, ME 04401 | ME | 1980-01 | $0 |
| 16 | Day One | 525 Main Street, South Portland, ME 04106-5462 | ME | 1974-02 | $3,459,610 |
| 17 | Dean & Roberta Smith Foundation | 90 N Shore Ln, Winthrop, ME 04364-3016 | ME | 2003-08 | $15,702 |
| 18 | Deborah Lincoln House | 60 Cedar St, Belfast, ME 04915-6302 | ME | 1953-01 | $5,394,593 |
| 19 | Deck House School Inc | 124 Deckhouse Rd, Edgecomb, ME 04556-3537 | ME | 1998-08 | $1,030,079 |
| 20 | Dedham School Parents Teachers And Friends | 2065 Main Rd, Dedham, ME 04429 | ME | 2008-03 | $0 |
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