Eye Foundation in Brunswick, 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
| Eye Foundation | |
| Employer Identification Number (EIN) | 010512569 |
| Name of Organization | Eye Foundation |
| Address | 5 Locust Ln, Brunswick, ME 04011-3462 |
| Subsection | Educational Organization |
| Ruling Date | 10/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $49 |
| Amount of Income | $757 |
| Form 990 Revenue Amount | $599 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Education |
Non-representatives - add comments:
Amount of income in 2013: $757 (it was $974 in 2012)
| This organization: | $757 |
| Other organizations performing similar types of work: | $63,694 |
Assets in 2013: $49 (it was $85 in 2012)
| Eye Foundation: | $49 |
| Other organizations performing similar types of work: | $22,158 |
Expenses in 2012: $1,007
| This organization: | $1,007 |
| Other organizations performing similar types of work: | $58,738 |
Income to expenses ratio in 2012: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 100.0%
| Eye Foundation: | 100.0% |
| Other organizations performing similar types of work: | 72.3% |
| 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 | $974 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $974 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $1,007 | $0 | $0 | $332 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,007 | $0 | $332 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-33 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $85 | $118 |
| Cash - non-interest-bearing | $85 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $85 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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 | $101 |
| Net value of noncharitable-use assets | $100 |
| Minimum investment return | $5 |
| Distributable Amount (for 2012) | |
| Distributable amount | $5 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $5 |
| 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 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Waterfall Arts | 256 High St, Belfast, ME 04915-6608 | ME | 2003-01 | $324,900 |
| 2 | Fiddlehead Center For The Arts | 183 Us Route 1 Ste F, Scarborough, ME 04074-9601 | ME | 2007-09 | $108,143 |
| 3 | Americans Who Tell The Truth | 46 Bridge Street, Brooksville, ME 04617 | ME | 2008-08 | $51,159 |
| 4 | Northport Music Theater Inc | 851 Atlantic Hwy, Northport, ME 04849-3803 | ME | 2012-09 | $35,143 |
| 5 | Acadia Art Sanctuary | 136 Pioneer Farm Way, Ellsworth, ME 04605 | ME | 2011-12 | $0 |
| 6 | Art Hope | Po Box 2292, Ogunquit, ME 03907 | ME | 2012-06 | $0 |
| 7 | Association Of Traditional Hooking Artists, Maine Tin Pedlars | 504 Turkey Street, North Berwick, ME 03906 | ME | 2004-11 | $0 |
| 8 | Belfast Bearfest | 128 City Point Rd, Belfast, ME 04915-7332 | ME | 2001-03 | $0 |
| 9 | Bridgton Art Guild Inc | Po Box 844, Bridgton, ME 04009 | ME | 2008-09 | $0 |
| 10 | Designinquiry | 69 Prospect Street, Portland, ME 04103 | ME | 2007-06 | $0 |
| 11 | Keith Mcclelland Fund | 21 Paddy Creek Road, Kennebunkport, ME 04046 | ME | 2014-12 | $0 |
| 12 | Kismet Foundation | 50 Hamilton Way, Yarmouth, ME 04096 | ME | 2014-10 | $0 |
| 13 | Maine Songwriters Association | Po Box 511, Brunswick, ME 04011 | ME | 2003-09 | $0 |
| 14 | Medomak Art Project, Map | PO BOX 374, Waldoboro, ME 04572-0374 | ME | 2015-01 | $0 |
| 15 | Morgan Hill Performing Arts Science And Cultural Center | 26 Melody Lane, Hermon, ME 04401 | ME | 2001-06 | $0 |
| 16 | Salt Water Artists | Po Box 202, New Harbor, ME 04554 | ME | 1999-08 | $0 |
| 17 | Sokokis Institute | C/O Monaghan Leahy 95 Exchange Street, Portland, ME 04101 | ME | 2006-08 | $0 |
| 18 | Ten Bucks Theatre Company Inc | 300 French St, Bangor, ME 04401 | ME | 2003-03 | $0 |
| 19 | The Stephie Mull Foundation For Childrens Art | 174 Curtis Rd, Portland, ME 04103-2902 | ME | 2003-01 | $0 |
| 20 | Vinegar Hill Youth Theatre | 53 Old Post Road, Arundel, ME 04046 | ME | 1999-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,818 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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