Seal Cove Auto Museum in Southwest Hbr, 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
| Seal Cove Auto Museum | |
| Employer Identification Number (EIN) | 010277592 |
| Name of Organization | Seal Cove Auto Museum |
| In Care of Name | Peter L Murray |
| Address | PO BOX 92, Southwest Hbr, ME 04679-0092 |
| Activities | Museum, zoo, planetarium, etc. |
| Subsection | Educational Organization |
| Ruling Date | 12/1966 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation exempt from paying excise taxes on investment income |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $840,243 |
| Amount of Income | $414,676 |
| Form 990 Revenue Amount | $265,504 |
Non-representatives - add comments:
Revenue 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 | $352,493 | $8,389 | $54,362 | |
| Contributions, gifts, grants, etc., received | $298,131 | |||
| Interest on savings and temporary cash investments | $8,389 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $2,165 | |||
| Gross sales less returns and allowances | $-10,373 | |||
| Less: Cost of goods sold | $12,538 | |||
| Other income | $43,808 | |||
| Total expenses and disbursements | $244,171 | $0 | $11,760 | $232,415 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $244,171 | $0 | $232,415 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $108,322 | |||
| Net investment income | $8,389 | |||
| Adjusted net income | $42,602 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $747,158 | $2,088,399 |
| 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 | $747,158 | |
| Total liabilities | $1,190 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,190 | |
| Total liabilities and net assets/fund balances | $745,968 | |
| 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 | $168 |
| Total credits and payments | $200 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $200 |
| 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 | $32 |
| Amount to be credited to 2013 estimated tax | $32 |
| 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 | $326,687 |
| Net value of noncharitable-use assets | $321,780 |
| Minimum investment return | $16,089 |
| 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) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $16,089 | $14,625 | $16,771 | $15,948 | $63,433 |
| Qualifying distributions made directly for active conduct of exempt activities | $232,415 | $275,880 | $288,810 | $186,160 | $983,265 |
| Value of all assets | $1 | $1,981,550 | $2,016,616 | $1,645,476 | $5,643,642 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $1,690,527 | $1,702,365 | $1,274,679 | $4,667,571 |
| 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 | Schoodic Arts For All | 427 Main St, Winter Harbor, ME 04693-3228 | ME | 2000-05 | $258,670 |
| 2 | School Around Us | 281 Log Cabin Rd, Arundel, ME 04046-7720 | ME | 1970-07 | $186,868 |
| 3 | Schoolhouse Arts Center At Sebago Lake | PO BOX 217, Sebago Lake, ME 04084-0217 | ME | 1994-04 | $61,959 |
| 4 | Scott Webb Memorial Med Center, Co F Wayne Libby | PO BOX 53, Hartland, ME 04943-0053 | ME | 1941-03 | $0 |
| 5 | Sea Otter Foundation | 39 Coveside Ln, Yarmouth, ME 04096-5354 | ME | 2001-08 | $972 |
| 6 | Seacoast Christian School | 224 Main St, South Berwick, ME 03908-1508 | ME | 2007-06 | $971,236 |
| 7 | Seacoast Swim Club | PO BOX 115, Cumberland, ME 04021-0115 | ME | 2006-01 | $90,725 |
| 8 | Seacost Waldorf Association, Tidewater School | PO BOX 420, Eliot, ME 03903-0420 | ME | 1999-06 | $461,518 |
| 9 | Seads Of Truth Inc | 156 Sacrap Rd, Columbia, ME 04623 | ME | 2003-08 | $0 |
| 10 | Seaglass Performing Arts Inc | PO BOX 265, Kennebunk, ME 04043-0265 | ME | 1996-03 | $37,453 |
| 11 | Seal Cove Auto Museum | PO BOX 92, Southwest Hbr, ME 04679-0092 | ME | 1966-12 | $414,676 |
| 12 | Seal Harbor Village Improvement Society Inc | PO BOX 171, Seal Harbor, ME 04675-0171 | ME | 1952-01 | $99,556 |
| 13 | Seal Harbor Yacht Club Inc | 29 Steamboat Wharf Rd, Seal Harbor, ME 04675 | ME | 2001-08 | $195,767 |
| 14 | Seasons Of Changes Inc | PO BOX 385, Southport, ME 04576-0385 | ME | 2007-10 | $166,319 |
| 15 | Sebago-Long Lake Region Chamber Music Festival Inc | PO BOX 544, Harrison, ME 04040-0544 | ME | 1974-10 | $56,887 |
| 16 | Sebasticook Community Home | PO BOX 1191, Damariscotta, ME 04543-1191 | ME | 1993-09 | $545,006 |
| 17 | Sebasticook Family Doctors | 118 Moosehead Trl Ste 5, Newport, ME 04953-4056 | ME | 2003-05 | $6,328,463 |
| 18 | Sebasticook Valley Community Center | PO BOX 335, Newport, ME 04953-0335 | ME | 1994-08 | $69 |
| 19 | Sebasticook Valley Family Practice Assoc | 447 North Main Street, Pittsfield, ME 04967 | ME | 1978-09 | $0 |
| 20 | Sebec Historical Society | 651 North Rd, Sebec, ME 04481 | ME | 2000-09 | $0 |
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