Magnuson Technical Heritage Foundation in Lyman, Maine (ME)

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Magnuson Technical Heritage Foundation
Employer Identification Number (EIN)010522137
Name of OrganizationMagnuson Technical Heritage Foundation
In Care of NameGeoffrey G Magnuson
Address659 Williams Rd, Lyman, ME 04002-6237
SubsectionEducational Organization
Ruling Date02/2003
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$31,390
Amount of Income$51
Form 990 Revenue Amount$110
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Science and Technology Museums


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Amount of income in 2013: $51 (it was $70 in 2012)
Magnuson Technical Heritage Foundation: 

 $51
Other organizations performing similar types of work: 

 $128,443

Assets in 2013: $31,390 (it was $31,812 in 2012)
Magnuson Technical Heritage Foundation: 

 $31,390
Other organizations performing similar types of work: 

 $109,830

Expenses in 2012: $475
This organization: 

 $475
Other organizations performing similar types of work: 

 $76,421

Income to expenses ratio in 2012: 0.1
Magnuson Technical Heritage Foundation: 

 0.1
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2012: 0.0%
Magnuson Technical Heritage Foundation: 

 0.0%
Other organizations performing similar types of work: 

 86.2%

Financial snapshot ($)

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$70$70$70
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$70
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$475$0$0$475
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$475$0$475
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-405
Net investment income$70
Adjusted net income$70
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$31,812$0
Cash - non-interest-bearing$553
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$31,259
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$31,812
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$1
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$1
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?Yes
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$0
Net value of noncharitable-use assets$0
Minimum investment return$0
Distributable Amount (for 2012)
Distributable amount$0
Undistributed Income (for 2012)
Distributable amount for 2012$0
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$1$47$0$102$149
Qualifying distributions made directly for active conduct of exempt activities$475$610$617$993$2,695
Value of all assets$1$32,217$32,717$41,512$106,446
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$32,217$32,717$41,512$106,446
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
IdNameAddressStateEstablishedTotal Income
1The Jason Project55 Coogan Blvd, Mystic, CT 06355-1927CT1989-10$3,980,171
2Scienceworks Hands-On Museum1500 E Main St, Ashland, OR 97520-1312OR2001-06$1,643,977
3Mcauliffe-Shepard Discovery Center Corp2 Institute Drive, Concord, NH 03301-7400NH2012-12$1,041,849
4See Science Center Inc200 Bedford Street, Manchester, NH 03101-1132NH2011-08$763,167
5Texas Energy Museum Inc600 Main St, Beaumont, TX 77701-3305TX1987-12$607,308
6Sciencesouth Inc1511 Freedom Blvd, Florence, SC 29505-6041SC2000-05$584,950
7Space Gallery538 Congress St, Portland, ME 04101-3310ME2003-08$523,251
8World Of Wonders Science Museum Inc2 N Sacramento St, Lodi, CA 95240-2164CA2006-08$501,404
9John Mcconnell Math & Science Center Of Western Colorado Inc2660 Unaweep Ave, Grand Jct, CO 81503-1845CO2005-08$482,478
10Pensacola Mess HallPo Box 847, Pensacola, FL 32591FL2013-01$461,534
11Utah Science Center Corporation FoundationPO BOX 2129, Salt Lake Cty, UT 84110-2129UT2001-11$347,841
12Airspace Minnesota15509 Post Road, Wayzata, MN 55391MN2012-09$304,035
13Science ZonePO BOX 2701, Mills, WY 82644-2701WY2005-02$285,869
14Vishal Raju Bhagat Foundation11217 Ih 37, Crp Christi, TX 78410-3302TX2008-04$270,278
15Science Downtown64 E Broadway, Tucson, AZ 85701AZ2011-10$260,624
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18Southern Wisconsin Airfest4746 S Columbia Dr, Janesville, WI 53546-9121WI2005-05$175,645
19Magnuson Technical Heritage Foundation659 Williams Rd, Lyman, ME 04002-6237ME2003-02$51
20Sanford Science And Discovery Center35 Fieldstone Ln, Sanford, ME 04073-5054ME2015-03$0
Number of organizations performing similar types of work
Alabama5
Arkansas4
Arizona5
California20
Colorado8
Connecticut6
Delaware1
Florida6
Georgia1
Hawaii3
Iowa1
Idaho1
Illinois4
Indiana8
Kansas4
Kentucky1
Louisiana4
Massachusetts1
Maryland4
Maine3
Michigan5
Minnesota4
Missouri3
Montana3
North Dakota1
Nebraska1
New Hampshire3
New Jersey1
New Mexico3
Nevada5
New York15
Ohio9
Oklahoma3
Oregon9
Pennsylvania13
Rhode Island1
South Carolina4
South Dakota1
Tennessee1
Texas15
Utah3
Virginia4
Vermont1
Washington5
Wisconsin6
West Virginia1
Wyoming1
Total211

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