Edward E And Hilda C Rosen Foundation in Bangor, Maine (ME)

Edward E And Hilda C Rosen Foundation
Employer Identification Number (EIN)	222734448
Name of Organization	Edward E And Hilda C Rosen Foundation
In Care of Name	Bangor Savings Bank
Address	PO BOX 930, Bangor, ME 04402-0930
Activities	Gifts, grants, or loans to other organizations
Subsection	Charitable Organization
Ruling Date	02/1987
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	$500,000 to $999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$2,141,128
Amount of Income	$636,000
Form 990 Revenue Amount	$104,436

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$182,755	$182,755	$72,745
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$65,385
Gross rents	$0
Gross sales price for all assets	$570,615
Gross profit from sales of goods	$0
Other income	$0
Other	$117,370
Total expenses and disbursements	$146,917	$21,967	$21,967	$124,950
Compensation of officers, directors, trustees, etc.	$0
Pension plans, employee benefits	$0
Legal fees	$1,750
Accounting fees	$1,190
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$21,967	$21,967		$0
Contributions, gifts, grants paid	$124,950
Excess of revenue over expenses and disbursements	$35,838
Net investment income		$160,788
Adjusted net income			$50,778

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$2,155,430	$2,508,106	$2,105,290	$2,616,251	$2,141,128	$2,932,560
Cash - non-interest-bearing	$0		$0		$25
Investments-U.S. and state government obligations	$339,401		$239,415		$239,415
Investments-corporate stock	$605,878		$1,363,070		$1,445,545
Investments-corporate bonds	$49,706		$49,706		$0
Investments-mortgage loans	$0		$0		$0
Investments-other	$1,085,695		$196,360		$364,668
Other assets			$0		$0
Total liabilities	$1		$1		$1
Mortgages and other notes payable	$0		$0		$0
Other liabilities			$0		$0
Total liabilities and net assets/fund balances	$2,155,430		$2,105,290		$2,141,128

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$36,353	$23,351	$117,370
Net capital loss	$0	$0	$0

	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$1,656	$1,396	$3,216
Total credits and payments	$1,356	$1,680	$1,400
Current year estimated tax payments and previous year's overpayment credited to current year	$1,356	$1,680	$1,400
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$0	$0	$0
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$0
Tax due		$0	$1,816
Overpayment		$284	$0
Amount to be credited to next year's estimated tax	$0	$284	$0

	2011	2012	2013
Statements Regarding Activities
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	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	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	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	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	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	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	No	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	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$2,799,315	$2,660,676	$2,819,643
Net value of noncharitable-use assets		$2,620,766	$2,777,348
Minimum investment return	$137,866	$131,038	$138,867

	2011	2012	2013
Distributable Amount
Distributable amount	$136,210	$129,642	$135,651

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$136,210	$129,642	$135,651
Undistributed income for this year. This amount must be distributed in the next year	$67,952	$79,644	$90,345

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
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

Supplementary Information (for 2013)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$0	$0
Dividends and interest from securities	$65,385	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review

Would you recommend Edward E And Hilda C Rosen Foundation to others? (optional)

Yes

Add photo of Edward E And Hilda C Rosen Foundation (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (3.16.69.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
Sanctuary At Maple Hill Farms Inc in Auburn, ME
Waterboro Land Trust Inc in North Waterboro, ME
Interpreter Services For The Deaf Inc in Cambridge, ME
Ashland Area Cross Country Ski Club in Ashland, ME
Honoring Of The Elders in Sanford, ME
Legacy Inc in Hampden, ME
Andover Educational Fund Inc in Andover, ME
Curran Homestead in Orrington, ME
Dirigo Search And Rescue Association in Orono, ME
Friends Of The Doubling Point Light in Arrowsic, ME

Recently Added Reviews

Sanctuary At Maple Hill Farms Inc in Auburn, ME

Waterboro Land Trust Inc in North Waterboro, ME

Interpreter Services For The Deaf Inc in Cambridge, ME

Ashland Area Cross Country Ski Club in Ashland, ME

Honoring Of The Elders in Sanford, ME

Legacy Inc in Hampden, ME

Andover Educational Fund Inc in Andover, ME

Curran Homestead in Orrington, ME

Dirigo Search And Rescue Association in Orono, ME

Friends Of The Doubling Point Light in Arrowsic, ME

Id	Name	Address	State	Established	Total Income
Other organizations in Maine
1	Ecology Education Inc, Ferry Beach Ecology School	8 Morris Ave Bldg One, Saco, ME 04072-2314	ME	2000-06	$880,543
2	Economic Development Council Of Maine	Po Box 287, Augusta, ME 04332	ME	1991-04	$0
3	Eddington-Clifton Civic Center	PO BOX 306, Eddington, ME 04428-0306	ME	1984-01	$15,832
4	Edgcomb Tennis Club	PO BOX 1308, Kennebunk, ME 04043-1308	ME	1989-07	$107,011
5	Edgecomb Woods	307 Cumberland Ave, Portland, ME 04101-4920	ME	2001-01	$166,981
6	Edith H Mccobb Trust, Harmon Gilbert Ttee	PO BOX 190, Camden, ME 04843-0190	ME	1994-10	$52,716
7	Edith M Daso Scholaship Trust U/W	PO BOX 1100, Ellsworth, ME 04605-1100	ME	1977-07	$52,690
8	Education Foundation Of The Kennebunks And Arundel	PO BOX 1531, Kennebunkport, ME 04046-1531	ME	2006-08	$102,601
9	Education Fund Of Midcoast Aauw	153 Ludwig Road, Hope, ME 04847	ME	2000-05	$1,077
10	Educational And Research Foundation Of The Maine Society Of C P A	153 Us Rte 1, Scarborough, ME 04074-9052	ME	1991-07	$83,572
11	Edward E And Hilda C Rosen Foundation	PO BOX 930, Bangor, ME 04402-0930	ME	1987-02	$636,000
12	Edward G Ernst Corporation	686 Broadway, Bangor, ME 04401-3387	ME	1996-03	$2,582
13	Edward H Daveis Benevolent Fund	245 Main St, Ellsworth, ME 04605-1613	ME	2007-12	$89,078
14	Ehope Foundation	PO BOX 7794, Portland, ME 04112-7794	ME	2005-03	$3,684
15	Eighth Maine Regiment Memorial Association	13 Eighth Maine Ave, Peaks Island, ME 04108-1404	ME	2000-10	$78,863
16	Eldercare Network Of Lincoln County	PO BOX 652, Damariscotta, ME 04543-0652	ME	1997-06	$2,066,963
17	Elderly Home Inc	521 Albert St Ste 206, Madawaska, ME 04756-1099	ME	1967-07	$288,818
18	Elderly Social Action Club	PO BOX 403, Fort Kent, ME 04743-0403	ME	1992-02	$63,002
19	Eleanor F Stich Recreational Tr	511 Comgress St Ninth Fl, Portland, ME 04101	ME	2000-02	$46,565
20	Eleanor F Stich Scholarship Fund	511 Congres St Ninth Fl, Portland, ME 04101-3482	ME	2000-02	$36,152

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Edward E And Hilda C Rosen Foundation and has no official or unofficial affiliation with Edward E And Hilda C Rosen Foundation