Maine Health Access Foundation Inc in Augusta, 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
- Organizations performing similar types of work
| Maine Health Access Foundation Inc | |
| Employer Identification Number (EIN) | 010535144 |
| Name of Organization | Maine Health Access Foundation Inc |
| In Care of Name | Wendy J Wolf |
| Address | 150 Capitol St Ste 4, Augusta, ME 04330-6858 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $50,000,000 to greater |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $124,581,299 |
| Amount of Income | $1,947,905 |
| Form 990 Revenue Amount | $5,733,259 |
| National Taxonomy of Exempt Entities (NTEE) | Health - General and Rehabilitative: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $1,947,905 (it was $16,593,652 in 2012)
| This organization: | $1,947,905 |
| Other organizations performing similar types of work: | $100,423 |
Assets in 2013: $124,581,299 (it was $113,216,690 in 2012)
| Maine Health Access Foundation Inc: | $124,581,299 |
| Other organizations performing similar types of work: | $79,295 |
Expenses in 2012: $5,932,307
| This organization: | $5,932,307 |
| Other organizations performing similar types of work: | $57,717 |
Income to expenses ratio in 2012: 0.3
| Maine Health Access Foundation Inc: | 0.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 1.2%
| Maine Health Access Foundation Inc: | 1.2% |
| Other organizations performing similar types of work: | 19.8% |
Revenue for 2012
Expenses for 2012
Assets 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 | $3,556,991 | $5,183,637 | $13,078 | |
| Contributions, gifts, grants, etc., received | $41,700 | |||
| Interest on savings and temporary cash investments | $7,500 | |||
| Dividends and interest from securities | $2,572,161 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $8,223 | |||
| Other | $927,407 | |||
| Total expenses and disbursements | $5,932,307 | $429,854 | $0 | $5,527,310 |
| Compensation of officers, directors, trustees, etc. | $195,892 | |||
| Total operating and administrative expenses | $2,574,882 | $429,854 | $1,681,257 | |
| Contributions, gifts, grants paid | $3,357,425 | |||
| Excess of revenue over expenses and disbursements | $-2,375,316 | |||
| Net investment income | $4,753,783 | |||
| Adjusted net income | $13,078 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $113,216,690 | $113,216,690 |
| Cash - non-interest-bearing | $61,526 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $111,290,053 | |
| Other | $1,865,111 | |
| Total liabilities | $1,476,282 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,476,282 | |
| Total liabilities and net assets/fund balances | $111,740,408 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $927,407 |
| 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 | $47,538 |
| Total credits and payments | $221,820 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $121,820 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $100,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $174,282 |
| Amount to be credited to 2013 estimated tax | $174,282 |
| 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? | 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)? | Yes |
| 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 | $110,002,254 |
| Net value of noncharitable-use assets | $108,352,220 |
| Minimum investment return | $5,417,611 |
| Distributable Amount (for 2012) | |
| Distributable amount | $5,380,790 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $5,380,790 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $5,092,369 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mainehealth | 22 Bramhall St, Portland, ME 04102-3134 | ME | 1998-08 | $59,435,828 |
| 2 | Scott & White Healthcare Foundation | 2401 S 31st St, Temple, TX 76508-0001 | TX | 2010-11 | $113,062,582 |
| 3 | Foundation For Homecare And Hospice | 2250 S 1300 W, Salt Lake City, UT 84119 | UT | 2009-08 | $82,371,061 |
| 4 | Beacon Health System Inc | 615 N Michigan St, South Bend, IN 46601-1033 | IN | 2012-09 | $48,979,133 |
| 5 | Service Organization Of The Piney Woods | 2950 50th St, Lubbock, TX 79413-4326 | TX | 2014-06 | $16,370,279 |
| 6 | Tufts Health Plan Foundation Inc | 705 Mount Auburn St, Watertown, MA 02472-1508 | MA | 2008-03 | $16,285,586 |
| 7 | Dmc Foundation, Health & Wellness Foundation | 333 W Fort St Ste 2010, Detroit, MI 48226-3134 | MI | 2011-04 | $14,542,050 |
| 8 | Syrian American Medical Society Foundation | 3660 Stutz Dr Ste 100, Canfield, OH 44406-8149 | OH | 2007-08 | $11,757,547 |
| 9 | Service Organization Of San Antonio | 2950 50th St, Lubbock, TX 79413-4326 | TX | 2014-07 | $7,266,730 |
| 10 | New Found Community Foundation Inc | 6100 Lake Forrest Drive Nw, Atlanta, GA 30328-3822 | GA | 2011-08 | $7,094,920 |
| 11 | Maine Health Access Foundation Inc | 150 Capitol St Ste 4, Augusta, ME 04330-6858 | ME | 2001-04 | $1,947,905 |
| 12 | Boothbay Region Health And Wellness Foundation | PO BOX 335, Boothbay Hbr, ME 04538-0335 | ME | 2013-12 | $83,890 |
| 13 | Atlantic Global Aid | 276 Pine St, Lewiston, ME 04240 | ME | 2010-12 | $0 |
| 14 | Comforting Blankets | 121 Gilman Rd, Bangor, ME 04401 | ME | 2009-02 | $0 |
| 15 | Custom Crusaders, Becca Project | 20 Fort Hill Rd, Standish, ME 04084-5472 | ME | 2015-04 | $0 |
| 16 | Dancing With The Dentists Inc | 202 Us Route 1, Falmouth, ME 04105 | ME | 2014-12 | $0 |
| 17 | Eastern Trek For Cancer Inc | 17 Founders Pl Apt 3b, Orono, ME 04473 | ME | 2014-12 | $0 |
| 18 | Friendship Ambulance Auxiliary Foundation | PO BOX 40, Friendship, ME 04547 | ME | 2006-01 | $0 |
| 19 | International Northeast Health Resources Fund | Po Box 1210, Bangor, ME 04402-1210 | ME | 2007-09 | $0 |
| 20 | Lightway Medical Foundation | 51 Sughrue Lane, Dayton, ME 04005 | ME | 2014-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,111 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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