Great Bay 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
- Organizations performing similar types of work
| Great Bay Foundation | |
| Employer Identification Number (EIN) | 010519446 |
| Name of Organization | Great Bay Foundation |
| Address | PO BOX 7020, Portland, ME 04112-7020 |
| Subsection | Charitable Organization |
| Ruling Date | 02/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2012 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $8,256,277 |
| Amount of Income | $4,549,462 |
| Form 990 Revenue Amount | $120,629 |
| National Taxonomy of Exempt Entities (NTEE) | Employment, Job-Related: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2012: $4,549,462 (it was $3,180,904 in 2011)
| Great Bay Foundation: | $4,549,462 |
| Other organizations performing similar types of work: | $91,535 |
Assets in 2012: $8,256,277 (it was $8,625,935 in 2011)
| This organization: | $8,256,277 |
| Other organizations performing similar types of work: | $60,287 |
Expenses in 2012: $927,058
| Great Bay Foundation: | $927,058 |
| Other organizations performing similar types of work: | $67,773 |
Income to expenses ratio in 2012: 4.9
| This organization: | 4.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 87.9% |
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 | $561,807 | $561,431 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $151,280 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $376 | |||
| Other | $410,151 | |||
| Total expenses and disbursements | $927,058 | $21,540 | $0 | $884,147 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $48,274 | $21,540 | $5,363 | |
| Contributions, gifts, grants paid | $878,784 | |||
| Excess of revenue over expenses and disbursements | $-365,251 | |||
| Net investment income | $539,891 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,256,277 | $8,528,742 |
| Cash - non-interest-bearing | $1,766,213 | |
| Investments-U.S. and state government obligations | $943,648 | |
| Investments-corporate stock | $1,891,781 | |
| Investments-corporate bonds | $2,174,639 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,479,996 | |
| Total liabilities | $2,902 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,902 | |
| Total liabilities and net assets/fund balances | $8,253,375 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $410,151 |
| 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 | $5,399 |
| Total credits and payments | $13,301 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,301 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $10,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $7,902 |
| Amount to be credited to 2013 estimated tax | $7,902 |
| 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 | $8,628,774 |
| Net value of noncharitable-use assets | $8,499,340 |
| Minimum investment return | $424,967 |
| Distributable Amount (for 2012) | |
| Distributable amount | $419,568 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $419,568 |
| 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 | Great Bay Foundation | PO BOX 7020, Portland, ME 04112-7020 | ME | 1999-02 | $4,549,462 |
| 2 | Food Chain Workers Alliance | 1730 W Olympic Blvd Ste 300, Los Angeles, CA 90015-1007 | CA | 2012-03 | $348,206 |
| 3 | Utah Small Business Loan Fund | 268 S State St Ste 260, Salt Lake Cty, UT 84111-5314 | UT | 2002-11 | $281,731 |
| 4 | 3strands Global Inc | 3941 Park Dr Suite 20-200, El Dorado Hills, CA 95762-4549 | CA | 2011-09 | $250,039 |
| 5 | Aisle Help Inc | 25 Research Dr, Westborough, MA 01581-3680 | MA | 2014-08 | $185,336 |
| 6 | Labor United Inc | 6910 Pacific St Ste 450, Omaha, NE 68106-1019 | NE | 2014-09 | $144,154 |
| 7 | Daves Marketplace Charitable Fund | 1000 Division Rd Unit 20, E Greenwich, RI 02818-2008 | RI | 2013-11 | $91,535 |
| 8 | Just Energy Foundation Usa Inc | Mississauga On L5t 2e6, Canada | international | 2014-07 | $69,342 |
| 9 | Travis County Women Lawyers Foundation | PO BOX 1386, Austin, TX 78767-1386 | TX | 2003-10 | $53,979 |
| 10 | Rgc Employee Club | 3855 Cooper St, Jackson, MI 49201-7547 | MI | 2014-05 | $46,681 |
| 11 | Good Job Angels Inc | 16031 17th Ave, Whitestone, NY 11357-3212 | NY | 2015-02 | $5,576 |
| 12 | Ak Steel Management Club Inc | PO BOX 135, Ashland, KY 41105-0135 | KY | 2000-03 | $0 |
| 13 | All Star Cheer Reaction Llc | 535 Azores Cir, Bay Point, CA 94565 | CA | 2014-09 | $0 |
| 14 | Association Of Texas Bingo Licensees Inc | 3122 Honey Tree Ln, Austin, TX 78746-6724 | TX | 1999-03 | $0 |
| 15 | Back At 1 Inc | 416 Ivy Cres, Chesapeake, VA 23325-4355 | VA | 2015-01 | $0 |
| 16 | Barmans Fund Of Louisiana Inc | 205 Violet St, Metairie, LA 70005-3647 | LA | 2014-11 | $0 |
| 17 | Buttoned Up Inc | 35 Brentwood Avenue, Fairfield, CT 06825 | CT | 2005-06 | $0 |
| 18 | Childrens Educational Foundation | Po Box 400, North Fork, CA 93643 | CA | 1999-01 | $0 |
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| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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