Bangor Rotary Charities Trust in Bangor, Maine (ME)
Table of contents:
| Bangor Rotary Charities Trust | |
| Employer Identification Number (EIN) | 010457160 |
| Name of Organization | Bangor Rotary Charities Trust |
| Address | PO BOX 2787, Bangor, ME 04402-2787 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $39,232 |
| Amount of Income | $36,626 |
| Form 990 Revenue Amount | $28,934 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2013: $36,626 (it was $45,918 in 2012)
| This organization: | $36,626 |
| Other organizations performing similar types of work: | $92,093 |
Assets in 2013: $39,232 (it was $41,197 in 2012)
| Bangor Rotary Charities Trust: | $39,232 |
| Other organizations performing similar types of work: | $311,878 |
Expenses in 2013: $30,475
| Bangor Rotary Charities Trust: | $30,475 |
| Other organizations performing similar types of work: | $75,750 |
Income to expenses ratio in 2013: 1.2
| Bangor Rotary Charities Trust: | 1.2 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 30.8%
| Bangor Rotary Charities Trust: | 30.8% |
| Other organizations performing similar types of work: | 38.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $38,128 | $37,791 | $28,934 |
| Contributions, gifts, grants, and similar amounts received | $8,828 | $8,336 | $8,920 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $226 | $136 | $89 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $26,802 | $27,328 | $18,324 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $38,805 | $35,455 | $26,016 |
| Less: direct expenses from gaming and fundraising events | $12,003 | $8,127 | $7,692 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $2,272 | $1,991 | $1,601 |
| Total expenses | $38,035 | $25,550 | $30,475 |
| Total net assets | $28,438 | $40,679 | $39,138 |
| Excess/Deficit for the year | $93 | $12,241 | $-1,541 |
| Net assets or fund balances at beginning of year | $28,345 | $28,438 | $40,679 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $39,138 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $28,535 | $41,197 | $39,232 |
| Total liabilities | $97 | $518 | $94 |
| Net assets or fund balances | $28,438 | $40,679 | $39,138 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | ||
| Total amount involved | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $203,209 |
| Subtotal | $203,209 |
| Gifts, grants, contributions, and membership fees received | $39,694 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $163,515 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $204,675 |
| Public support | $203,209 |
| Subtotal | $1,466 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,466 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Swim Across America Inc | 1 International Pl Ste 4600, Boston, MA 02110-2621 | MA | 1993-08 | $6,029,543 |
| 2 | United Way Of The Southern Tier Inc | 300 Civic Center Plaza Suite 2, Corning, NY 14830-2846 | NY | 1995-07 | $5,179,749 |
| 3 | Tuw Finley Gracey Charitable 380-3311801 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-12 | $3,455,389 |
| 4 | S Weldon Family Foundation, Weldon Stephen N Ttee | 4008 Mariner Cir, Westlake Vlg, CA 91361-3806 | CA | 1998-09 | $972,032 |
| 5 | United Way Of Rockingham County Inc | PO BOX 317, Wentworth, NC 27375-0317 | NC | 1971-07 | $706,107 |
| 6 | Francis T & Louise T Nichols Foundation, True Calvin E Ttee | PO BOX 1210, Bangor, ME 04402-1210 | ME | 1995-05 | $687,657 |
| 7 | Us Airways Education Foundation Inc | 4000 E Sky Harbor Blvd, Phoenix, AZ 85034-3802 | AZ | 1992-01 | $676,186 |
| 8 | S Z & P R Zedakah Fund | 1244 49th St, Brooklyn, NY 11219-3011 | NY | 1996-10 | $284,669 |
| 9 | United Way Of Southbridge Sturbridge And Charlton | 155 Main St, Southbridge, MA 01550-2524 | MA | 1950-09 | $282,813 |
| 10 | Red Lion Area Educational Foundation | 696 Delta Rd, Red Lion, PA 17356-9185 | PA | 1997-04 | $282,270 |
| 11 | United Way Of Cache Valley | PO BOX 3281, Logan, UT 84323-3281 | UT | 1992-05 | $214,514 |
| 12 | Royal Oak Foundation For Public Education | 3070 Normandy Road, Royal Oak, MI 48073-2226 | MI | 1995-02 | $197,483 |
| 13 | Tuw Albert W Dowling | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-08 | $120,755 |
| 14 | Youth And Tennis Inc | 119th Avenue And Merrick Blvd, Jamaica, NY 11434 | NY | 1992-06 | $99,908 |
| 15 | The Sylvia And Herb Rosen Foundation | 702 N 22nd St, Allentown, PA 18104-3904 | PA | 1997-07 | $86,364 |
| 16 | The Doris And Isaac Moinester Foundation | 130 E 59th St 10th Flr, New York, NY 10022-1302 | NY | 1995-08 | $81,289 |
| 17 | Bangor Rotary Charities Trust | PO BOX 2787, Bangor, ME 04402-2787 | ME | 1991-06 | $36,626 |
| 18 | Waterville Area Womans Club | PO BOX 1254, Waterville, ME 04903-1254 | ME | 1996-10 | $30,875 |
| 19 | Jessis Gift | PO BOX 1234, Biddeford, ME 04005-1234 | ME | 1996-11 | $479 |
| 20 | Loring Memorial Park Development Association Inc | 186 Washington Ave, Portland, ME 04101-2632 | ME | 1996-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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