Maine Heart Surgery Center Foundation in Portland, 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
| Maine Heart Surgery Center Foundation | |
| Employer Identification Number (EIN) | 010493563 |
| Name of Organization | Maine Heart Surgery Center Foundation |
| In Care of Name | John D Gleason |
| Address | 818 Congress St, Portland, ME 04102-3112 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Scientific research (diseases) |
| Subsection | Charitable Organization |
| Ruling Date | 01/1995 |
| 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 | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $83,498 |
| Amount of Income | $5,048 |
| Form 990 Revenue Amount | $9,439 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Educational Services and Schools - Other |
Non-representatives - add comments:
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 | $18,165 | $2,415 | $2,415 | |
| Contributions, gifts, grants, etc., received | $15,500 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $2,415 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $250 | |||
| Total expenses and disbursements | $8,620 | $424 | $0 | $7,511 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,533 | $424 | $424 | |
| Contributions, gifts, grants paid | $7,087 | |||
| Excess of revenue over expenses and disbursements | $9,545 | |||
| Net investment income | $1,991 | |||
| Adjusted net income | $2,415 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $80,456 | $85,689 |
| 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 | $61,095 | |
| Other | $19,361 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $80,456 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $40 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $40 |
| 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? | 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)? | 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 | $72,639 |
| Net value of noncharitable-use assets | $71,540 |
| Minimum investment return | $3,577 |
| Distributable Amount (for 2012) | |
| Distributable amount | $3,537 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $3,537 |
| 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 | Maine Golf House Inc, Womens Maine State Golf Assoc Wmsga | 145 Old Belgrade Rd, Augusta, ME 04330-8053 | ME | 2008-10 | $94,965 |
| 2 | Maine Graphic Arts Association | Po Box 265, Sanford, ME 04073 | ME | 1994-05 | $0 |
| 3 | Maine Greyhound Placement Service | 505 E Main St, Yarmouth, ME 04096-7315 | ME | 1998-01 | $287,136 |
| 4 | Maine Grocers & Food Producers Association | 77 Sewall St Ste 3000, Augusta, ME 04330-6334 | ME | 1983-08 | $201,291 |
| 5 | Maine Guides Education Fund | PO BOX 603, Patten, ME 04765-0603 | ME | 2007-12 | $34,506 |
| 6 | Maine Adaptive Sports & Recreation | 8 Sundance Ln, Newry, ME 04261-3228 | ME | 1983-08 | $782,316 |
| 7 | Maine Health Access Foundation Inc | 150 Capitol St Ste 4, Augusta, ME 04330-6858 | ME | 2001-04 | $1,947,905 |
| 8 | Maine Health Data Processing Center | 16 Association Drive, Manchester, ME 04351 | ME | 2002-05 | $470,764 |
| 9 | Maine Health Management Coalition Foundation | 11 Bowdoin Mill Island No 260, Topsham, ME 04086-1263 | ME | 2007-07 | $3,781,789 |
| 10 | Maine Healthcare Purchasing Collaborative | 18 Oceanwood Dr, Scarborough, ME 04074-8760 | ME | 2003-06 | $130 |
| 11 | Maine Heart Surgery Center Foundation | 818 Congress St, Portland, ME 04102-3112 | ME | 1995-01 | $5,048 |
| 12 | Maine Heritage Policy Center | PO BOX 7829, Portland, ME 04112-7829 | ME | 2003-08 | $674,631 |
| 13 | Maine High School Hockey Invitational Inc | 743 Portland Road, Saco, ME 04072 | ME | 2001-10 | $61,082 |
| 14 | Maine Highlands Corporation | 188 Maine Ave, Bangor, ME 04401-4333 | ME | 2004-05 | $105,061 |
| 15 | Maine Hockey League Inc | 32 Green St, Saco, ME 04072 | ME | 2004-04 | $138,770 |
| 16 | Maine Horse Association Inc | 9 Bauneg Beg Rd, Sanford, ME 04073-5002 | ME | 1975-12 | $36,267 |
| 17 | Maine Hospice Council Inc | PO BOX 2239, Augusta, ME 04338-2239 | ME | 1990-10 | $263,766 |
| 18 | Maine Hospitalist Services Inc | 22 Bramhall St, Portland, ME 04102-3134 | ME | 2002-11 | $1,407,462 |
| 19 | Maine Housing And Building Materials Exchange | 45 Fisher Rd, Bowdoinham, ME 04008-4200 | ME | 1988-11 | $298,089 |
| 20 | Maine Humanities Council | 674 Brighton Ave, Portland, ME 04102-1012 | ME | 1976-02 | $1,418,899 |
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