Jay L Ramsdell Foundation in Damariscotta, 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
| Jay L Ramsdell Foundation | |
| Employer Identification Number (EIN) | 010451718 |
| Name of Organization | Jay L Ramsdell Foundation |
| In Care of Name | First Advisors |
| Address | PO BOX 940, Damariscotta, ME 04543-0940 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 01/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $87,523 |
| Amount of Income | $26,300 |
| Form 990 Revenue Amount | $5,452 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $7,345 | $6,345 | $0 | |
| Contributions, gifts, grants, etc., received | $1,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,967 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $4,378 | |||
| Total expenses and disbursements | $4,022 | $1,224 | $0 | $2,798 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,522 | $1,224 | $298 | |
| Contributions, gifts, grants paid | $2,500 | |||
| Excess of revenue over expenses and disbursements | $3,323 | |||
| Net investment income | $5,121 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $87,443 | $92,909 |
| 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 | $0 | |
| Other | $87,443 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $87,443 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $4,378 |
| 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 | $51 |
| Total credits and payments | $51 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $51 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | Yes |
| 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 | $85,789 |
| Net value of noncharitable-use assets | $84,500 |
| Minimum investment return | $4,225 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,174 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,174 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $4,174 |
| 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 |
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| Other organizations in Maine | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Jack And Deborah Daw Heffernan Foundation | 16 Waumbeckket Way, Bridgton, ME 04009-4326 | ME | 2001-04 | $60,170 |
| 2 | Jack D & Anita G Smart Family Foundation | 33 Old Kents Hill Rd, Readfield, ME 04355-4133 | ME | 1998-03 | $25,330 |
| 3 | Jackman Housing Corporation | PO BOX 660, Lewiston, ME 04243-0660 | ME | 1973-07 | $88,241 |
| 4 | Jackson Memorial Library | PO BOX 231, Tenants Hbr, ME 04860-0231 | ME | 1982-03 | $534,096 |
| 5 | James And Betty Jacobs Fam Charitable Tr, Jacobs James J Ttee | 300 Houghton Pond Rd, West Bath, ME 04530-6734 | ME | 1997-05 | $1,501 |
| 6 | James E Mcgrath Irrv Tr | PO BOX 656, Bangor, ME 04402-0656 | ME | $152,345 | |
| 7 | Jana Fund | PO BOX 3906, Portland, ME 04104-3906 | ME | 1998-01 | $115,738 |
| 8 | Jane H Russell 2 Fund B | PO BOX 17510, Portland, ME 04112-8510 | ME | 1971-08 | $546,894 |
| 9 | Janus Supportive Living Services Inc | 276 Razorville Rd, Washington, ME 04574-3817 | ME | 2001-12 | $1,145,173 |
| 10 | Japan America Society Of Maine Inc | PO BOX 8461, Portland, ME 04104-8461 | ME | 1983-06 | $3,541 |
| 11 | Jay L Ramsdell Foundation | PO BOX 940, Damariscotta, ME 04543-0940 | ME | 1992-01 | $26,300 |
| 12 | Jefferson Davis Grant Foundation | PO BOX 620, Bar Harbor, ME 04609 | ME | 2004-10 | $0 |
| 13 | Jeffrey S Parola Foundation, Dexter Regional Federal C U | 816 Bangor Rd, Dovr Foxcroft, ME 04426-3232 | ME | 1997-12 | $27,786 |
| 14 | Jessie B-C Fund | 254 Foreside Rd, Cumberland Foreside, ME 04110 | ME | 2001-05 | $0 |
| 15 | Jessie Daniell Bullens-Crewe Foundation | C/O Daniel N Crewe 17 Jessies Lane, Cumberland, ME 04021 | ME | 1998-02 | $26,355 |
| 16 | Jessis Gift | PO BOX 1234, Biddeford, ME 04005-1234 | ME | 1996-11 | $479 |
| 17 | Jesup Memorial Library | 34 Mount Desert St, Bar Harbor, ME 04609-1727 | ME | 1945-08 | $1,694,074 |
| 18 | Jewish Community Endowment Associates | PO BOX 919, Bangor, ME 04402-0919 | ME | 1967-10 | $118,357 |
| 19 | Jfm No 2 Corp | 800 Center St, Auburn, ME 04210-6404 | ME | 2007-07 | $80,134 |
| 20 | Jha Assisted Living Inc | 630 Ocean Ave, Portland, ME 04103-2704 | ME | 2005-01 | $477,109 |
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