Fore River Foundation 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
- Other organizations in Maine
| Fore River Foundation | |
| Employer Identification Number (EIN) | 010421912 |
| Name of Organization | Fore River Foundation |
| Address | PO BOX 7525, Portland, ME 04112-7525 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1988 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,185,808 |
| Amount of Income | $2,298,950 |
| Form 990 Revenue Amount | $362,798 |
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 | $550,597 | $427,528 | $0 | |
| Contributions, gifts, grants, etc., received | $123,069 | |||
| Interest on savings and temporary cash investments | $14,278 | |||
| Dividends and interest from securities | $98,813 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $314,437 | |||
| Total expenses and disbursements | $475,385 | $12,914 | $0 | $454,337 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $21,663 | $12,914 | $615 | |
| Contributions, gifts, grants paid | $453,722 | |||
| Excess of revenue over expenses and disbursements | $75,212 | |||
| Net investment income | $414,614 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,668,127 | $4,565,868 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,414,413 | |
| Investments-corporate bonds | $1,033,225 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $220,489 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,668,127 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $314,437 |
| 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 | $4,146 |
| Total credits and payments | $4,696 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $4,696 |
| 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 | $550 |
| Amount to be credited to 2013 estimated tax | $550 |
| 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 | $4,335,150 |
| Net value of noncharitable-use assets | $4,270,120 |
| Minimum investment return | $213,506 |
| Distributable Amount (for 2012) | |
| Distributable amount | $209,360 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $209,360 |
| 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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| Other organizations in Maine | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Fisher Charitable Foundation | PO BOX 17513, Portland, ME 04112-8513 | ME | 1997-01 | $2,352,300 |
| 2 | Five County Credit Union | PO BOX 598, Bath, ME 04530-0598 | ME | 1969-11 | $14,243,271 |
| 3 | Five Town Communities That Care | PO BOX 1135, Rockport, ME 04856-1135 | ME | 2007-05 | $380,171 |
| 4 | Flow Tide Foundation, Henry E Hosley Ttee | PO BOX 1210, Bangor, ME 04402-1210 | ME | 2009-02 | $1 |
| 5 | Flying Changes Center For Theraputic Riding Inc | 21 Main St, Richmond, ME 04357-1150 | ME | 1993-04 | $149,817 |
| 6 | Foggy Bottom Wild Blueberry Co-Op | PO BOX 569, E Machias, ME 04630-0569 | ME | 2006-10 | $79,104 |
| 7 | Food And Medicine | 20 Ivers St, Brewer, ME 04412-2373 | ME | 2005-08 | $231,570 |
| 8 | Foothills Arts Center | 284 Main St Ste 190, Wilton, ME 04294-3044 | ME | 1993-10 | $85,347 |
| 9 | Footprints Inc | PO BOX 246, Kittery, ME 03904-0246 | ME | 1991-07 | $185,873 |
| 10 | For Developmental Resources | PO BOX 363, Biddeford, ME 04005-0363 | ME | 1979-01 | $100,606 |
| 11 | Fore River Foundation | PO BOX 7525, Portland, ME 04112-7525 | ME | 1988-05 | $2,298,950 |
| 12 | Foreign Language Association Of Maine Flame | Kim Macdonald 427 Lawrence Road, Pownal, ME 04069 | ME | 1996-05 | $35,956 |
| 13 | Forest Ecology Network | 336 Back Toad, Lexington Twp, ME 04961 | ME | 1997-03 | $45,614 |
| 14 | Forest Hill Cemetery | PO BOX 400, Mount Desert, ME 04660-0400 | ME | 1955-03 | $17,965 |
| 15 | Forest Society Of Maine | 115 Franklin St, Bangor, ME 04401-4936 | ME | 1986-05 | $1,674,041 |
| 16 | Fort Fairfield Chamber Of Commerce | 18 Community Center Drive, Fort Fairfield, ME 04742 | ME | 1972-12 | $29,172 |
| 17 | Fort Fairfield Educational Fund | 28 High School Dr, Ft Fairfield, ME 04742-1187 | ME | 2006-09 | $46,767 |
| 18 | Fort Fairfield High School Alumni Association | Po Box 201, Fort Fairfield, ME 04742 | ME | 1976-04 | $0 |
| 19 | Fort Fairfield Residential Development Corporation | 18 Fields Ln, Ft Fairfield, ME 04742-1119 | ME | 1991-05 | $234,451 |
| 20 | Fort Fairfield Snowmobile Club | PO BOX 233, Ft Fairfield, ME 04742-0233 | ME | 1996-04 | $45,582 |
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