Maine Charitable Mechanic Association in Portland, Maine (ME)

Organization representatives - add corrected or new information about Maine Charitable Mechanic Association »

Non-representatives - add comments about Maine Charitable Mechanic Association»

Maine Charitable Mechanic Association
Employer Identification Number (EIN)010248533
Name of OrganizationMaine Charitable Mechanic Association
AddressPO BOX 8769, Portland, ME 04104-8769
ActivitiesOther school related activities, Gifts, grants, or loans to other organizations, Library
SubsectionCharitable Organization
Ruling Date12/1943
DeductibilityContributions are deductible
FoundationPrivate operating foundation exempt from paying excise taxes on investment income
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period03/2014
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$686,398
Amount of Income$163,676
Form 990 Revenue Amount$108,224


Non-representatives - add comments:


CAPTCHA

Your IP address 3.14.246.52 will be logged.

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$198,409$72,932$69,088
Contributions, gifts, grants, etc., received$119,232
Interest on savings and temporary cash investments$0
Dividends and interest from securities$30,698
Gross rents$33,380
Gross sales price for all assets$61,262
Gross profit from sales of goods$0
Other income$6,245
Other$8,854
Total expenses and disbursements$122,566$84,229$84,230$0
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$6,761
Interest$0
Depreciation$9,246
Occupancy$33,163
Travel, conferences, and meetings$0
Printing and publications$424
Total operating and administrative expenses$120,566$84,229$0
Contributions, gifts, grants paid$2,000
Excess of revenue over expenses and disbursements$75,843
Net investment income$0
Adjusted net income$0
Balance Sheets
20122013
Book ValueFair Market ValueBook ValueFair Market Value
Total assets$620,295$747,735$716,549$716,549
Cash - non-interest-bearing$4,125$1,219
Investments-U.S. and state government obligations$0$0
Investments-corporate stock$417,187$513,118
Investments-corporate bonds$0$0
Investments-mortgage loans$0$0
Investments-other$0$0
Other assets$16,519
Total liabilities$826$793
Mortgages and other notes payable$0$0
Other liabilities$0
Total liabilities and net assets/fund balances$619,469$715,756
Capital Gains and Losses for Tax on Investment Income
20122013
Capital gain net income$32,692$8,854
Net capital loss$0$0
Excise Tax Based on Investment Income
20122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNo
Tax based on investment income$0$0
Total credits and payments$0$0
Any penalty for underpayment of estimated tax$0$0
Tax due$0
Overpayment$0
Amount to be credited to next year's estimated tax$0$0
Statements Regarding Activities
20122013
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?NoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?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
Has the foundation filed a tax return on Form 990-T for this year?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?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?YesYes
Did any persons become substantial contributors during the tax year?No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?No
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041No
Statements Regarding Activities for Which Form 4720 May Be Required
20122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNo
Agree to pay money or property to a government official?NoNo
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
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
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNo
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
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNo
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?NoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNo
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
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNo
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)?NoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNo
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
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
Minimum Investment Return
20122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$756,414$668,421
Net value of noncharitable-use assets$658,395
Minimum investment return$37,253$32,920
Distributable Amount
20122013
Distributable amount$0$0
Undistributed Income
20122013
Distributable amount for this year$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$1$2,343$984$2,481$5,808
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$1$0$0$0$1
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
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
$0$1,235
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$5,010
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$30,698$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:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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 Maine Charitable Mechanic Association to others? (optional)
  
Add photo of Maine Charitable Mechanic Association (optional)

About You

Your nickname:

Optional Verification

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

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
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
Other organizations in Maine
IdNameAddressStateEstablishedTotal Income
1Maine Catholic Radio Network Inc166 State St, Portland, ME 04101-3703ME1946-03$11,889
2Maine Celtic Celebration IncPO BOX 122, Belfast, ME 04915-0122ME2008-03$39,411
3Maine Center For Creativity795 Congress St 2nd Floor, Portland, ME 04102-3305ME2006-01$65,651
4Maine Center For Economic PolicyPO BOX 437, Augusta, ME 04332-0437ME1994-09$526,435
5Maine Center For Enterprise Development30 Danforth Street, Portland, ME 04101-4574ME1997-02$583,819
6Maine Center For Public Health11 Parkwood Dr, Augusta, ME 04330-6252ME1998-09$1,216,246
7Maine Center On Deafness68 Bishop St Suite 03, Portland, ME 04103-2681ME1995-02$761,413
8Maine Chapter American Institute Of ArchitectsPO BOX 250, Camden, ME 04843-0250ME1987-03$105,121
9Maine Chapter Of American College Of Surgeons50 Market St 203, South Portland, ME 04106ME2007-03$40,632
10Maine Chapter Of Crs6 Cushman St, Augusta, ME 04330-7203ME2004-10$7,816
11Maine Charitable Mechanic AssociationPO BOX 8769, Portland, ME 04104-8769ME1943-12$163,676
12Maine Chiefs Of Police Association IncPO BOX 2431, S Portland, ME 04116-2431ME1980-03$139,556
13Maine Childrens Alliance303 State St, Augusta, ME 04330-7037ME1984-12$433,783
14Maine Childrens Home For Little Wanderers93 Silver St, Waterville, ME 04901-5923ME1963-04$3,829,333
15Maine Childrens Scholarship FundPO BOX 913, Bangor, ME 04402-0913ME2001-01$32,023
16Maine Childrens Trust Inc268 Whitten Rd Ste B, Hallowell, ME 04347-3035ME1996-05$1,391,255
17Maine Chiropractic Assistant Association150 Milliken Mills Rd, Saco, ME 04072-9028ME1994-03$14,013
18Maine Citizens Against Handgun Violence, Coalition For A Safer MainePo Box 92, Portland, ME 04112ME2000-05$0
19American Civil Liberties Union Of Maine Foundation121 Middle St Ste 301, Portland, ME 04101-7109ME1980-04$680,079
20Maine Classical SchoolPO BOX 243, Freeport, ME 04032-0243ME2001-05$232,354

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Maine Charitable Mechanic Association and has no official or unofficial affiliation with Maine Charitable Mechanic Association