Margaret W Soule Charitable Tr, Klebe Kurt E Ttee 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
| Margaret W Soule Charitable Tr, Klebe Kurt E Ttee | |
| Employer Identification Number (EIN) | 016168256 |
| Name of Organization | Margaret W Soule Charitable Tr |
| Secondary Name | Klebe Kurt E Ttee |
| In Care of Name | Kurt E Klebe |
| Address | PO BOX 31, Portland, ME 04112-0031 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2012 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,655,060 |
| Amount of Income | $1,275,304 |
| Form 990 Revenue Amount | $1,688,493 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
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 | $1,688,493 | $126,500 | $0 | |
| Contributions, gifts, grants, etc., received | $1,561,993 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $28,449 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $98,051 | |||
| Total expenses and disbursements | $107,927 | $4,032 | $3,895 | $100,000 |
| Compensation of officers, directors, trustees, etc. | $7,791 | |||
| Total operating and administrative expenses | $7,927 | $4,032 | $0 | |
| Contributions, gifts, grants paid | $100,000 | |||
| Excess of revenue over expenses and disbursements | $1,580,566 | |||
| Net investment income | $122,468 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,580,570 | $1,625,161 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,398,993 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $173,326 | |
| Other | $8,251 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,580,570 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $98,051 |
| 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 | $2,449 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $2,449 |
| 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 | $1,582,667 |
| Net value of noncharitable-use assets | $1,131,820 |
| Minimum investment return | $56,591 |
| Distributable Amount (for 2012) | |
| Distributable amount | $54,142 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $54,142 |
| 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 | Heartglow Center | 328 Main St, Bridgton, ME 04009 | ME | 2013-03 | $4,412 |
| 2 | His Light For Haiti | 137 Maple Rd, Atkinson, ME 04426 | ME | 2013-06 | $18,740 |
| 3 | Hometogether Emmaus Community Of Bath | 435 Hockomock Rd, Woolwich, ME 04579-5119 | ME | 2012-06 | $285 |
| 4 | House Of Hope | 6 Sullivan St, Berwick, ME 03901-2925 | ME | 2013-01 | $45,318 |
| 5 | John And Margaret Wise Charitable Foundation, Kurt E Klebe Ttee | One Portland Sq, Portland, ME 04101-4057 | ME | 2013-02 | $689,676 |
| 6 | Loring Job Corps Center Student Government Association | 36 Montana Rd Ste 120a, Limestone, ME 04750-6107 | ME | 2013-04 | $30,563 |
| 7 | Lubec Community Outreach Center Inc | PO BOX 41, Lubec, ME 04652-0041 | ME | 2012-10 | $114,628 |
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| 9 | Maine Lobstermens Alliance, Mla | PO BOX 315, Kennebunk, ME 04043-0315 | ME | 2013-03 | $173,954 |
| 10 | Maine Sciety For Histotechnology | PO BOX 442, Corinth, ME 04427-0442 | ME | 2012-06 | $938 |
| 11 | Margaret W Soule Charitable Tr, Klebe Kurt E Ttee | PO BOX 31, Portland, ME 04112-0031 | ME | 2012-03 | $1,275,304 |
| 12 | Ioos Association | 205 Oak Ledge Rd, Harpswell, ME 04079-4219 | ME | 2013-01 | $180,500 |
| 13 | Outdoors Again | 661 Main Street, Waterboro, ME 04087 | ME | 2013-03 | $9,287 |
| 14 | Outward Bound Sea School | 39 Mechanic Street Knox Mill Bldg, Camden, ME 04843 | ME | 2012-08 | $3,061,526 |
| 15 | Philip And Elizabeth Ryan Family Foundation | 97 Condon Point Rd, Brooksville, ME 04617-3641 | ME | 2012-04 | $410,830 |
| 16 | Religious Coalition Against Discrimination | 515 Woodford St, Portland, ME 04103-2439 | ME | 2012-07 | $33,827 |
| 17 | Robert W Belknap M D Free Bed Fund | PO BOX 7, Damariscotta, ME 04543-0007 | ME | 1960-07 | $7,560 |
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