Kane College Fund Trust in Ellsworth, 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
| Kane College Fund Trust | |
| Employer Identification Number (EIN) | 016007762 |
| Name of Organization | Kane College Fund Trust |
| In Care of Name | Bar Harbor Trust Services Ttee |
| Address | PO BOX 1100, Ellsworth, ME 04605-1100 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Ruling Date | 02/1972 |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $13,456 |
| Amount of Income | $14,105 |
| Form 990 Revenue Amount | $1,580 |
Non-representatives - add comments:
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 | $-114 | $283 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $283 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $1,632 | $258 | $0 | $1,323 |
| Compensation of officers, directors, trustees, etc. | $155 | |||
| Total operating and administrative expenses | $561 | $258 | $252 | |
| Contributions, gifts, grants paid | $1,071 | |||
| Excess of revenue over expenses and disbursements | $-1,746 | |||
| Net investment income | $25 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $14,032 | $14,785 |
| 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 | $14,032 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $14,032 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-397 |
| 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 | $0 |
| Total credits and payments | $28 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $28 |
| 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 | $28 |
| 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? | Yes |
| 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? | Yes |
| 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 | $15,358 |
| Net value of noncharitable-use assets | $15,120 |
| Minimum investment return | $756 |
| Distributable Amount (for 2012) | |
| Distributable amount | $756 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $756 |
| 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 | $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 | Junior League Of Bangor Maine Inc | PO BOX 813, Bangor, ME 04402-0813 | ME | 1962-09 | $96,306 |
| 2 | Junior League Of Portland Maine Inc | One City Center Suite 1-105, Portland, ME 04101-6420 | ME | 1951-10 | $68,747 |
| 3 | Just Alternatives | PO BOX 160, Brooklin, ME 04616-0160 | ME | 2003-06 | $42,707 |
| 4 | Island Home Club | 156 Meadow Ln, New Gloucestr, ME 04260-3630 | ME | 1998-07 | $134,424 |
| 5 | Jsl Foundation Inc | 200 Main St, Westbrook, ME 04092-4733 | ME | 2008-06 | $28,906 |
| 6 | Joseph And Mollie Mendes Family Charitable Fund | 188 Main Rd, Westport Is, ME 04578-3107 | ME | 1989-08 | $51,080 |
| 7 | International Society Of Hypnosis | PO BOX 742, Oquossoc, ME 04964-0742 | ME | 1986-03 | $56,137 |
| 8 | John S & Helen E Carver Fund | PO BOX 31, Portland, ME 04112-0031 | ME | 2011-01 | $281,104 |
| 9 | Landon Morley Sawyer Foundation Inc | 3 Henderson Ln, Cushing, ME 04563-3723 | ME | 2002-12 | $1 |
| 10 | Kaler-Vaill Memorial Home | 382 Black Point Rd, Scarborough, ME 04074-8619 | ME | 1962-10 | $2,305,822 |
| 11 | Kane College Fund Trust | PO BOX 1100, Ellsworth, ME 04605-1100 | ME | 1972-02 | $14,105 |
| 12 | Kappa Sigma Fraternity, Psi Chapter | 4 Munsun Road, Orono, ME 04469 | ME | 1940-12 | $0 |
| 13 | Karen Anne Bollwerk Burke And William A Burke Family Charitable, Burke K A B & William A Burke Ttees | C/O PEOPLES UNITED BANK PO BOX, Portland, ME 04112 | ME | 2001-01 | $484,198 |
| 14 | Katahdin Area Support Group | PO BOX 374, Millinocket, ME 04462-0374 | ME | 1991-04 | $20,304 |
| 15 | Katahdin Friends Inc | 1024 Central St Ste A, Millinocket, ME 04462-2111 | ME | 2001-12 | $4,007,946 |
| 16 | Katahdin Institute | PO BOX 304, York, ME 03909-0304 | ME | 2002-10 | $97,025 |
| 17 | Katahdin Shared Services Inc | 200 Somerset St, Millinocket, ME 04462-1258 | ME | 1980-08 | $1,060,502 |
| 18 | Katahdin Valley Health Center | PO BOX 500, Patten, ME 04765-0500 | ME | 1976-03 | $6,477,060 |
| 19 | Kebo Foundation Scholarship Tr100-295 | PO BOX 1100, Ellsworth, ME 04605-1100 | ME | 1975-10 | $44,236 |
| 20 | Kelmscott Rare Breeds Foundation | Rr 2 Box 365, Lincolnville, ME 04849 | ME | 1996-02 | $521,373 |
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