Main Street Foundation Inc in Southport, Connecticut (CT)
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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Connecticut
| Main Street Foundation Inc | |
| Employer Identification Number (EIN) | 066076249 |
| Name of Organization | Main Street Foundation Inc |
| Address | 160 Morehouse Ln, Southport, CT 06890-1044 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 10/1965 |
| 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 | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,947,321 |
| Amount of Income | $1,795,043 |
| Form 990 Revenue Amount | $71,762 |
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 | $229,011 | $229,011 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2,850 | |||
| Dividends and interest from securities | $79,235 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $37,220 | |||
| Other | $109,706 | |||
| Total expenses and disbursements | $135,071 | $31,491 | $0 | $99,630 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $39,141 | $31,491 | $3,700 | |
| Contributions, gifts, grants paid | $95,930 | |||
| Excess of revenue over expenses and disbursements | $93,940 | |||
| Net investment income | $197,520 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,931,036 | $2,242,656 |
| 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 | $1,884,965 | |
| Other | $46,071 | |
| Total liabilities | $2,790 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,790 | |
| Total liabilities and net assets/fund balances | $1,928,246 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $109,706 |
| 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 | $3,950 |
| Total credits and payments | $1,160 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,160 |
| 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 | $2,790 |
| 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 | $2,220,997 |
| Net value of noncharitable-use assets | $2,187,680 |
| Minimum investment return | $109,384 |
| Distributable Amount (for 2012) | |
| Distributable amount | $105,434 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $105,434 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $15,597 | $0 | $15,597 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $61,271 | $0 | $6,127 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $21,724 | $0 | $21,724 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $15,597 |
| Unrelated business taxable income before net operating loss deduction | $15,597 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $15,597 |
| Specific deduction | $1,000 |
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| Other organizations in Connecticut | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | John G Martin Foundation | 433 S Main St Ste 200, West Hartford, CT 06110-2816 | CT | 1960-05 | $1,299,034 |
| 2 | John J White Foundation | 29 Ellery Ln, Westport, CT 06880-5203 | CT | 1999-08 | $65,413 |
| 3 | Junior League Of Eastern Fairfield County Inc | 739 Old Post Rd, Fairfield, CT 06824-6669 | CT | 1934-03 | $180,179 |
| 4 | Junior League Of Greenwich Conn Inc | 231 E Putnam Ave, Greenwich, CT 06830-4808 | CT | 1961-04 | $558,154 |
| 5 | Kennedy Center Inc | 2440 Reservoir Avenue, Trumbull, CT 06611-4757 | CT | 1952-09 | $32,048,485 |
| 6 | Knights Of St Patrick | 1533 State St, New Haven, CT 06511-2740 | CT | 1993-04 | $94,920 |
| 7 | Larsen Fund | PO BOX 271677, West Hartford, CT 06127-1677 | CT | 1943-07 | $3,242,395 |
| 8 | Leonard And Mildred Igstaedter Foundation Inc | 72 Whipstick Rd, Ridgefield, CT 06877-5029 | CT | 1995-03 | $400,170 |
| 9 | Lippincott Foundation Inc | 2399 Ridge Rd, North Haven, CT 06473-1273 | CT | 1987-01 | $2,956 |
| 10 | Long Ridge Fire Company Incorporated | 366 Old Long Ridge Rd, Stamford, CT 06903-1114 | CT | 1994-08 | $1,621,071 |
| 11 | Main Street Foundation Inc | 160 Morehouse Ln, Southport, CT 06890-1044 | CT | 1965-10 | $1,795,043 |
| 12 | Malta Inc | Co M Michaud 150 Four Mile River R, Old Lyme, CT 06371 | CT | 2004-07 | $58,494 |
| 13 | Marrakech Incorporated | 6 Lunar Dr, Woodbridge, CT 06525-2322 | CT | 1972-01 | $9,793,383 |
| 14 | Marvelwood Preparatory School | PO BOX 3001, Kent, CT 06757-3001 | CT | 1959-10 | $10,004,499 |
| 15 | Northeast Medical Group Inc | 226 Mill Hill Ave Attn Payroll, Bridgeport, CT 06610-2826 | CT | 1993-09 | $159,282,381 |
| 16 | Mitchell Farm Equine Retirement Inc | 300 E Haddam Rd, Salem, CT 06420-3527 | CT | 2005-09 | $184,329 |
| 17 | National Electrical Contractors Association Inc & Ibew, 90 Jatc | 2 North Plains Industrial Road, Wallingford, CT 06492-2381 | CT | 1974-07 | $442,510 |
| 18 | New Haven Ballet Inc | 70 Audubon St, New Haven, CT 06510-1248 | CT | 1987-03 | $769,467 |
| 19 | New Haven Greek Community Inc | 170 N Plains Industrial Rd, Wallingford, CT 06492-2337 | CT | 1988-03 | $186,262 |
| 20 | New Haven Symphony Orchestra Inc | 105 Court St Ste 302, New Haven, CT 06511-6957 | CT | 1952-01 | $1,861,793 |
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