Bruce Allain Charitable Trust in Athens, Maine (ME)
Table of contents:
| Bruce Allain Charitable Trust | |
| Employer Identification Number (EIN) | 311630554 |
| Name of Organization | Bruce Allain Charitable Trust |
| In Care of Name | Vaughn Leblanc |
| Address | PO BOX 37, Athens, ME 04912-0037 |
| Subsection | Educational Organization |
| Ruling Date | 03/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $293,396 |
| Amount of Income | $111,342 |
| Form 990 Revenue Amount | $23,225 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2014: $111,342 (it was $314,242 in 2013)
| This organization: | $111,342 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2014: $293,396 (it was $277,831 in 2013)
| Bruce Allain Charitable Trust: | $293,396 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2014: $7,659
| This organization: | $7,659 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2014: 14.5
| Bruce Allain Charitable Trust: | 14.5 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2014: 0.0%
| Bruce Allain Charitable Trust: | 0.0% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $42,808 | $8,147 | $23,225 | |
| Contributions, gifts, grants, and similar amounts received | $42,070 | $0 | $0 | |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | |
| Membership dues and assessments | $0 | $0 | $0 | |
| Investment income | $2,813 | $3,144 | $5,620 | |
| Gain/Loss from sale of assets other than inventory | $-2,075 | $5,003 | $17,605 | |
| Gross amount from sale of assets other than inventory | $27,727 | $53,185 | $105,722 | |
| Less: cost or other basis and sales expenses | $29,802 | $48,182 | $88,117 | |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | |
| Other revenue | $0 | $0 | $0 | |
| Total expenses | $2,013 | $1,950 | $7,659 | |
| Total net assets | $156,576 | $162,713 | $293,396 | |
| Excess/Deficit for the year | $40,795 | $6,197 | $15,566 | |
| Net assets or fund balances at beginning of year | $115,757 | $156,359 | $277,831 | |
| Other changes in net assets or fund balances | $24 | $157 | $-1 | |
| Net assets or fund balances at end of year | $162,713 | $293,396 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $156,576 | $162,713 | $277,831 | $293,396 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $156,576 | $162,713 | $293,396 | |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | 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 | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | 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 | No | ||
| Total amount involved | $0 | $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 | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | The S Douglas And Rita C Sukeforth Charitable Foundation, Sukeford S Douglas Ttee | 982 Lakeview Dr, South China, ME 04358-4326 | ME | 1999-03 | $9,987,203 |
| 5 | Maine Huts & Trails | 496 Main St Apt C, Kingfield, ME 04947-4152 | ME | 2001-05 | $1,730,553 |
| 6 | Hungarian-American Enterprise Scholarship Fund | C/O Ciee 300 Fore Street, Portland, ME 04101 | ME | 2004-04 | $1,701,007 |
| 7 | Girls On The Run - Maine | Po Box 85, Cumberland, ME 04021 | ME | 2012-07 | $150,303 |
| 8 | Ross Powers Foundation, Level Field Fund | PO BOX 7532, Portland, ME 04112-7532 | ME | 2003-11 | $150,260 |
| 9 | Rotary Club Of Boothbay Harbor Foundation Inc | 35 Town Landing Rd, Newagen, ME 04576-3323 | ME | 2000-08 | $58,570 |
| 10 | Sanford-Springvale Rotary Charitabl | PO BOX 1166, Sanford, ME 04073 | ME | 1998-05 | $49,422 |
| 11 | Winslow-Johnson Scholarship Tr | PO BOX 548, Bath, ME 04530-0548 | ME | 2002-09 | $35,612 |
| 12 | Tri-Town Medical Foundation Inc | PO BOX 5036, North Jay, ME 04262-5036 | ME | 1980-04 | $29,895 |
| 13 | Friends Of Tubeho Scholarship Foundation For Rwandans Orphans | 933 High Street, Bath, ME 04530 | ME | 2007-07 | $22,473 |
| 14 | David F Talevi Foundation | 1733 Post Rd, Wells, ME 04090 | ME | 2011-12 | $22,380 |
| 15 | The Sandy Christman Foundation | PO BOX 10405, Portland, ME 04104-0405 | ME | 2006-10 | $20,156 |
| 16 | Hebrew Free Loan Of Maine Inc | 400 Deering Ave, Portland, ME 04103-4454 | ME | 2014-07 | $20,145 |
| 17 | Legacy Inc | 1088 Western Ave, Hampden, ME 04444-3322 | ME | 2009-12 | $14,890 |
| 18 | Patriotic Club Of Bremen Maine | Po Box 235, Bremen, ME 04551 | ME | 2014-02 | $7,445 |
| 19 | Whelan Family Scholarship Fund | 11 Tumblers Hl, Freeport, ME 04032-6301 | ME | 2006-03 | $2,775 |
| 20 | Dreams Heard Foundation | 153 Regan Ln, Portland, ME 04103-2047 | ME | 2013-02 | $1,804 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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