Virginia Hodgkins Somers Foundation Inc in Kennebunk, 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
| Virginia Hodgkins Somers Foundation Inc | |
| Employer Identification Number (EIN) | 010537127 |
| Name of Organization | Virginia Hodgkins Somers Foundation Inc |
| In Care of Name | Gordon C Ayer |
| Address | PO BOX 367, Kennebunk, ME 04043-0367 |
| Subsection | Charitable Organization |
| Ruling Date | 09/1992 |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,301,067 |
| Amount of Income | $337,913 |
| Form 990 Revenue Amount | $207,951 |
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 | $251,936 | $251,936 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $8 | |||
| Dividends and interest from securities | $134,836 | |||
| Gross rents | $5,468 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $41 | |||
| Other | $111,583 | |||
| Total expenses and disbursements | $373,297 | $80,496 | $0 | $290,840 |
| Compensation of officers, directors, trustees, etc. | $47,100 | |||
| Total operating and administrative expenses | $94,415 | $80,496 | $11,958 | |
| Contributions, gifts, grants paid | $278,882 | |||
| Excess of revenue over expenses and disbursements | $-121,361 | |||
| Net investment income | $171,440 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,510,953 | $6,080,412 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,298,425 | |
| Investments-corporate bonds | $326,983 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,804,897 | |
| Other | $80,648 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $4,510,953 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $111,583 |
| 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 | $3,429 |
| Total credits and payments | $2,720 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,720 |
| 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 | $2 |
| Tax due | $711 |
| 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? | 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 | $5,889,848 |
| Net value of noncharitable-use assets | $5,801,500 |
| Minimum investment return | $290,075 |
| Distributable Amount (for 2012) | |
| Distributable amount | $286,646 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $286,646 |
| 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 | Tr 487 Uw Ethel Levasseur Bo Unitarian Church | PO BOX 31, Portland, ME 04112-0031 | ME | 1982-08 | $31,566 |
| 2 | Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc | PO BOX 31, Portland, ME 04112-0031 | ME | 2011-01 | $81,447 |
| 3 | Wind Over Wings Inc | PO BOX 289, Dresden, ME 04342-0289 | ME | 1991-06 | $54,018 |
| 4 | Wyman Hill Foundation | PO BOX 779, Stonington, ME 04681-0779 | ME | 1990-05 | $311,137 |
| 5 | Village Nursery School | Po Box 482, Yarmouth, ME 04096 | ME | 1981-03 | $54,160 |
| 6 | Vinalhaven Eldercare Services- Resources | 18 Beaver Dam Rd, Vinalhaven, ME 04863-3915 | ME | 1998-04 | $462,854 |
| 7 | Vinalhaven Historical Society The | Po Box 339, Vinalhaven, ME 04863 | ME | 1981-04 | $0 |
| 8 | Vinalhaven Land Trust Inc | PO BOX 268, Vinalhaven, ME 04863-0268 | ME | 1986-12 | $1,523,661 |
| 9 | Vincent B And Barbara G Welch Supporting Organization | 245 Main St, Ellsworth, ME 04605-1613 | ME | 2009-12 | $284,662 |
| 10 | Vincent B Welch Foundation | 10 Free St, Portland, ME 04101-3926 | ME | 1981-12 | $3,713 |
| 11 | Virginia Hodgkins Somers Foundation Inc | PO BOX 367, Kennebunk, ME 04043-0367 | ME | 1992-09 | $337,913 |
| 12 | Voice For Animals Inc | PO BOX 34, Harrison, ME 04040-0034 | ME | 1994-04 | $16,164 |
| 13 | Volunteers Of America Inc, Bangor Voanne Senior Housing Inc | 14 Maine St Ste 301, Brunswick, ME 04011-2060 | ME | 1965-05 | $3,214 |
| 14 | Loudon Voanne Senior Housing Inc | 14 Maine Street, Brunswick, ME 04011 | ME | 1965-05 | $269,393 |
| 15 | Volunteers Of America Inc, Veterans Voanne Housing Corporation | 14 Maine St Ste 301, Brunswick, ME 04011-2060 | ME | 1965-05 | $166,286 |
| 16 | Volunteers Of America Inc, Voanne Beach Street House | 14 Maine Street 205, Brunswick, ME 04011-2049 | ME | 1965-05 | $65,793 |
| 17 | Volunteers Of America Inc, Voanne Brackett Street House | 14 Maine St Ste 301, Brunswick, ME 04011-2060 | ME | 1965-05 | $64,917 |
| 18 | Volunteers Of America Inc, Voanne Ocean Street Apartments | 14 Maine St Ste 301, Brunswick, ME 04011-2060 | ME | 1965-05 | $429,454 |
| 19 | Volunteers Of America Inc, Voanne Sawyer Street House | 14 Maine St Ste 301, Brunswick, ME 04011-2060 | ME | 1965-05 | $64,469 |
| 20 | Volunteers Of America Inc, Voanne Beach Street Apartment | 14 Maine Street Suite301, Brunswick, ME 04011 | ME | 1965-05 | $15,014 |
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