Aldermere Foundation in Portland, 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
| Aldermere Foundation | |
| Employer Identification Number (EIN) | 016059906 |
| Name of Organization | Aldermere Foundation |
| In Care of Name | Ran Trust Co Dba Ram Trust Servic |
| Address | 123 Free St, Portland, ME 04101-3919 |
| Activities | Preservation of natural resources (conservation), Library, Community Chest, United Way, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 10/1978 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| 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 | $4,634,316 |
| Amount of Income | $3,712,250 |
| Form 990 Revenue Amount | $1,039,993 |
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 | $120,841 | $169,385 | $174,373 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $168,826 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $559 | |||
| Total expenses and disbursements | $303,230 | $29,357 | $29,357 | $244,413 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $58,817 | $29,357 | $0 | |
| Contributions, gifts, grants paid | $244,413 | |||
| Excess of revenue over expenses and disbursements | $-182,389 | |||
| Net investment income | $140,028 | |||
| Adjusted net income | $145,016 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,532,501 | $5,038,008 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $3,609,999 | |
| Investments-corporate bonds | $680,135 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $242,367 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $4,532,501 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-48,544 |
| 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 | $2,801 |
| Total credits and payments | $5,180 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $5,180 |
| 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 | $2,379 |
| Amount to be credited to 2013 estimated tax | $2,379 |
| 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 | $5,131,974 |
| Net value of noncharitable-use assets | $5,055,000 |
| Minimum investment return | $252,750 |
| 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 | $145,016 | $192,281 | $138,827 | $259,440 | $735,564 |
| Qualifying distributions made directly for active conduct of exempt activities | $244,413 | $228,301 | $254,914 | $238,385 | $966,013 |
| Value of all assets | $5,033,146 | $5,011,309 | $4,881,847 | $4,758,621 | $19,684,923 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $168,500 | $164,969 | $155,707 | $176,821 | $665,997 |
| 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 | $1,985,726 | $1,037,192 | $298,827 | $165,895 | $3,487,640 |
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| Other organizations in Maine | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Agricultural Bargaining Council | 744 Main St Ste 6, Presque Isle, ME 04769-2270 | ME | 1975-04 | $108,604 |
| 2 | Ahavas Achim-Society Of Brotherly Love | 23 Water St 4th Floor, Bangor, ME 04401-6364 | ME | 1956-10 | $81,969 |
| 3 | Aicher Family Foundation Inc | 1303 Naples Rd, Harrison, ME 04040-4404 | ME | 1998-02 | $4,632,599 |
| 4 | Aid For Kids, All For Children | 18 Market Square, Houlton, ME 04730-1733 | ME | 2006-04 | $1,107,591 |
| 5 | Aids Lodging House | PO BOX 10536, Portland, ME 04104-0536 | ME | 1988-07 | $71 |
| 6 | Alan A Bird Trust For The Congregational Church Of Rockland | 511 Congress St Ninth Fl, Portland, ME 04101-3482 | ME | 1976-06 | $188,322 |
| 7 | Albert B Glickman Family Foundation | PO BOX 4569, Portland, ME 04112-4569 | ME | 1993-08 | $12,424,729 |
| 8 | Albert Young Irrevocable Scholarship Trust | PO BOX 656, Bangor, ME 04402-0656 | ME | 2005-06 | $244,011 |
| 9 | Albion Associates | PO BOX 122, Albion, ME 04910-0122 | ME | 1995-08 | $213,613 |
| 10 | Alcoholics Annonymous Central Service Office | 78 Portland St, Portland, ME 04101-2828 | ME | 2014-08 | $139,837 |
| 11 | Aldermere Foundation | 123 Free St, Portland, ME 04101-3919 | ME | 1978-10 | $3,712,250 |
| 12 | Alex Tanous Foundation For Scientific Research | PO BOX 3818, Portland, ME 04104-3818 | ME | 1993-07 | $12,252 |
| 13 | Alfond Scholarship Foundation | 15 Monument Sq, Portland, ME 04101-4023 | ME | 2008-06 | $3,522,066 |
| 14 | Alfond Youth Center | 126 North St, Waterville, ME 04901-4954 | ME | 2002-01 | $2,028,004 |
| 15 | Alfred And Dorothy Suzi Osher Foundation | 225 Commercial St Ste 500, Portland, ME 04101-4613 | ME | $104,632 | |
| 16 | Alice G Gadd Charitable Foundation, Romamow F Frederick Jr Ttee | PO BOX 211, Belfast, ME 04915-0211 | ME | 1992-11 | $95,341 |
| 17 | Alice James Poetry Cooperative Inc | 114 Prescott St, Farmington, ME 04938-6801 | ME | 1975-06 | $288,826 |
| 18 | Allagash Development Corporation | PO BOX 466, Fort Kent, ME 04743-0466 | ME | 1983-10 | $131,273 |
| 19 | Alliance For Community Education | 53 Pocahontas Rd, Kittery Point, ME 03905-5301 | ME | 1991-02 | $78,647 |
| 20 | Alliance For Global Celebration Inc | PO BOX 7705, Portland, ME 04112-7705 | ME | 1996-11 | $1,498 |
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