Bank Of Maine Charitable Foundation in Gardiner, 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
| Bank Of Maine Charitable Foundation | |
| Employer Identification Number (EIN) | 010446023 |
| Name of Organization | Bank Of Maine Charitable Foundation |
| Address | PO BOX 190, Gardiner, ME 04345-0190 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 01/1990 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,392,621 |
| Amount of Income | $9,664 |
| Form 990 Revenue Amount | $56,481 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $356,919 | $12,249 | $0 | |
| Contributions, gifts, grants, etc., received | $344,670 | |||
| Interest on savings and temporary cash investments | $12,249 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $279,219 | $3,360 | $0 | $275,859 |
| Compensation of officers, directors, trustees, etc. | $42,900 | |||
| Total operating and administrative expenses | $48,727 | $3,360 | $45,367 | |
| Contributions, gifts, grants paid | $230,492 | |||
| Excess of revenue over expenses and disbursements | $77,700 | |||
| Net investment income | $8,889 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,574,022 | $1,574,022 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,574,022 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,574,022 | |
| 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 | $178 |
| Total credits and payments | $1,120 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,120 |
| 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 | $942 |
| Amount to be credited to 2013 estimated tax | $942 |
| 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 | $1,535,174 |
| Net value of noncharitable-use assets | $1,512,140 |
| Minimum investment return | $75,607 |
| Distributable Amount (for 2012) | |
| Distributable amount | $75,429 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $75,429 |
| 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 | Sanford Maine Stage Co | PO BOX 486, Springvale, ME 04083 | ME | 1989-01 | $5,334 |
| 2 | Sanford Red And White Foundation | PO BOX 186, Springvale, ME 04083-0186 | ME | 2005-03 | $85,290 |
| 3 | Sanford Springvale Call Firefighters Inc | PO BOX 1269, Sanford, ME 04073-1269 | ME | 2000-05 | $84,102 |
| 4 | Sanford Springvale Youth Athletic Association | Po Box 802, Springvale, ME 04083 | ME | 1992-01 | $57,464 |
| 5 | Sanford-Springvale Chamber Of Commerce Inc | 917 Main Street Ste, Sanford, ME 04073-3568 | ME | 1978-12 | $161,451 |
| 6 | Sanford-Springvale Historical Society | PO BOX 276, Springvale, ME 04083-0276 | ME | 2005-09 | $65,912 |
| 7 | Sanford-Springvale Mousam Way Land Tr | 917 Main St Ste B, Sanford, ME 04073-3568 | ME | 2004-01 | $19,624 |
| 8 | Sanford-Springvale Soccer Association Inc | PO BOX 689, Sanford, ME 04073-0689 | ME | 1994-02 | $134,964 |
| 9 | Santa Claus Fund | Po Box 278, Brunswick, ME 04011 | ME | 1968-07 | $66,888 |
| 10 | Sarah Frye Home | 751 Washington St N, Auburn, ME 04210-3892 | ME | 1943-03 | $1,492,480 |
| 11 | Bank Of Maine Charitable Foundation | PO BOX 190, Gardiner, ME 04345-0190 | ME | 1990-01 | $9,664 |
| 12 | Scarborough Public Library | 48 Gorham Rd, Scarborough, ME 04074-9501 | ME | 1979-04 | $1,105,104 |
| 13 | Scarborough Economic Development Corp | PO BOX 550, Scarborough, ME 04070-0550 | ME | 1988-10 | $189,925 |
| 14 | Scarborough Fish & Game Association Inc | PO BOX 952, Scarborough, ME 04070-0952 | ME | 2002-09 | $468,778 |
| 15 | Scarborough Football Club Inc | PO BOX 862, Scarborough, ME 04070-0862 | ME | 1997-12 | $46,149 |
| 16 | Scarborough Historical Society Inc | PO BOX 156, Scarborough, ME 04070-0156 | ME | 1971-11 | $9,443 |
| 17 | Scarborough Land Conservation Trust | PO BOX 1237, Scarborough, ME 04070-1237 | ME | 1978-01 | $293,761 |
| 18 | Scarborough Soccer Club | PO BOX 6796, Scarborough, ME 04070-6796 | ME | 1995-08 | $88,897 |
| 19 | Schiavi Family Foundation | 985 Main St, Oxford, ME 04270-3573 | ME | 1992-01 | $466,046 |
| 20 | Schoodic Arts For All | 427 Main St, Winter Harbor, ME 04693-3228 | ME | 2000-05 | $258,670 |
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