Elmina B Sewall Foundation in Freeport, 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Maine
| Elmina B Sewall Foundation | |
| Employer Identification Number (EIN) | 010387404 |
| Name of Organization | Elmina B Sewall Foundation |
| Address | 15 Main St Ste 230, Freeport, ME 04032-1100 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1983 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $50,000,000 to greater |
| Income | $50,000,000 to greater |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $188,142,186 |
| Amount of Income | $57,657,674 |
| Form 990 Revenue Amount | $7,855,974 |
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 | $12,045,302 | $12,886,640 | $0 | |
| Contributions, gifts, grants, etc., received | $68 | |||
| Interest on savings and temporary cash investments | $69 | |||
| Dividends and interest from securities | $2,592,759 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $6,385 | |||
| Other | $9,446,021 | |||
| Total expenses and disbursements | $9,294,421 | $918,520 | $0 | $8,315,217 |
| Compensation of officers, directors, trustees, etc. | $137,934 | |||
| Total operating and administrative expenses | $1,575,695 | $918,520 | $471,491 | |
| Contributions, gifts, grants paid | $7,718,726 | |||
| Excess of revenue over expenses and disbursements | $2,750,881 | |||
| Net investment income | $11,968,120 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $166,932,145 | $166,932,145 |
| Cash - non-interest-bearing | $31,744 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $116,776,517 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $42,013,583 | |
| Other | $8,110,301 | |
| Total liabilities | $248,474 | |
| Mortgages and other notes payable | $0 | |
| Other | $248,474 | |
| Total liabilities and net assets/fund balances | $166,683,671 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $9,446,021 |
| 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 | $119,681 |
| Total credits and payments | $240,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $240,000 |
| 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 | $120,319 |
| Amount to be credited to 2013 estimated tax | $120,319 |
| 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? | 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 | $162,882,507 |
| Net value of noncharitable-use assets | $160,439,260 |
| Minimum investment return | $8,021,963 |
| Distributable Amount (for 2012) | |
| Distributable amount | $7,902,282 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $7,902,282 |
| 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 | $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 |
| Unrelated Trade or Business Income (for 2009) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $-97,891 | $0 | $-9,789 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $-97,891 | $13 | $-9,789 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2009) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $-9,789 |
| Unrelated business taxable income before net operating loss deduction | $-9,789 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-9,789 |
| Specific deduction | $1,000 |
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| Other organizations in Maine | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Borman Family Foundation | 166 Old Waterville Rd Ste 3, Oakland, ME 04963-5374 | ME | 1999-11 | $1,448,872 |
| 2 | Camden First Aid Association | PO BOX 190, Camden, ME 04843-0190 | ME | 1996-12 | $1,152,674 |
| 3 | Camp O-At-Ka Inc | 593 Sebago Rd, Sebago, ME 04029-3604 | ME | 1946-01 | $1,482,301 |
| 4 | Central Maine Area Agency On Aging, Senior Spectrum | PO BOX 2589, Augusta, ME 04338-2589 | ME | 1981-10 | $6,601,254 |
| 5 | Common Dreams Inc | PO BOX 443, Portland, ME 04112-0443 | ME | 2007-06 | $935,808 |
| 6 | Community Clinical Services Inc | PO BOX 7291, Lewiston, ME 04243-7291 | ME | 2000-06 | $12,692,012 |
| 7 | Crisis And Counseling Holdings | 32 Winthrop St, Augusta, ME 04330-5624 | ME | 2004-09 | $228,705 |
| 8 | Curtain Up Enterprises Inc, Lakewood Theatre | PO BOX 331, Skowhegan, ME 04976-0331 | ME | 1986-12 | $535,435 |
| 9 | Eastern Maine Healthcare Systems, Eastern Maine Homecare | 14 Access Hwy, Caribou, ME 04736-3806 | ME | 2005-06 | $12,688,583 |
| 10 | Eastern Maine Healthcare Systems, Inland Hospital | 200 Kennedy Memorial Dr, Waterville, ME 04901-4526 | ME | 2005-06 | $121,192,238 |
| 11 | Elmina B Sewall Foundation | 15 Main St Ste 230, Freeport, ME 04032-1100 | ME | 1983-06 | $57,657,674 |
| 12 | Familystrength | PO BOX 8600, Portland, ME 04104-8600 | ME | 1997-06 | $1,456,020 |
| 13 | Fiddlehead Center For The Art | 25 Shaker Rd Rt26, Gray, ME 04039-9435 | ME | 2001-06 | $495,510 |
| 14 | Maine Film Center | 17 Railroad Sq, Waterville, ME 04901-6139 | ME | 1987-06 | $511,192 |
| 15 | Friends Of Fort Knox | PO BOX 456, Bucksport, ME 04416-0456 | ME | 1993-07 | $601,525 |
| 16 | General Federation Of Womens Clubs, Gfwc Maine Federation Of Womens Clu | PO BOX 884, Ellsworth, ME 04605-0884 | ME | 1985-11 | $39,591 |
| 17 | Gorham Times Inc | PO BOX 401, Gorham, ME 04038-0401 | ME | 1996-06 | $86,694 |
| 18 | Greater Portland Landmarks Inc | 93 High St, Portland, ME 04101-3811 | ME | 1967-05 | $522,530 |
| 19 | Hancock County Auditorium Associates | 165 Main St, Ellsworth, ME 04605-1903 | ME | 1975-11 | $658,473 |
| 20 | Harold Alfond Foundation, Alfond Peter Ttee | Two Monument Square, Portland, ME 04101-4093 | ME | 1994-05 | $94,212,312 |
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