Mark E & Emily Turner Foundation in Presque Isle, 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
| Mark E & Emily Turner Foundation | |
| Employer Identification Number (EIN) | 016019456 |
| Name of Organization | Mark E & Emily Turner Foundation |
| Address | PO BOX 365, Presque Isle, ME 04769-0365 |
| Activities | Scholarships (other), Other school related activities |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 08/1963 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,195 |
| Amount of Income | $42,694 |
| Form 990 Revenue Amount | $32,593 |
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 | $41,098 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $41,098 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $39,837 | $0 | $0 | $39,650 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $187 | $0 | $0 | |
| Contributions, gifts, grants paid | $39,650 | |||
| Excess of revenue over expenses and disbursements | $1,261 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,983 | $4,983 |
| Cash - non-interest-bearing | $4,983 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $4,983 | |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | Margaret E Burnham Charitable Tr, Macleod William A Et Al Ttee | PO BOX 31, Portland, ME 04112-0031 | ME | 1995-05 | $2,412,893 |
| 2 | Margaret Nomentana Foundation C/O Milton S Tyre | PO BOX 7950, Portland, ME 04112-7950 | ME | 1989-11 | $45,758 |
| 3 | Marguerite H Giles Trust | PO BOX 940, Damariscotta, ME 04543-0940 | ME | $16,270 | |
| 4 | Marine Mammals Of Maine | 3 Indian Ridge Drive, Biddeford, ME 04005 | ME | 1995-10 | $10,404 |
| 5 | Marine Environmental Research Institute | PO BOX 1652, Blue Hill, ME 04614-1652 | ME | 1991-09 | $531,464 |
| 6 | Maritime Challenge Foundation | PO BOX C, Camden, ME 04843-0923 | ME | 2001-08 | $52,372 |
| 7 | Marjorie C Bailey Charitable Foundation | PO BOX 760, Damariscotta, ME 04543-0760 | ME | 2008-02 | $779,764 |
| 8 | Marjorie F Campbell Educational Trust | 4 Washington St Ste 314, Sanford, ME 04073-3031 | ME | 2007-07 | $92,864 |
| 9 | Marjorie F Morse Tr Fund | PO BOX 656, Bangor, ME 04402-0656 | ME | 1984-01 | $173,138 |
| 10 | Mark And Emily Turner Memorial Library Charitable Tr, Duncan Margaret C Ttee | 39 2nd St, Presque Isle, ME 04769-2659 | ME | 1998-11 | $1,815,631 |
| 11 | Mark E & Emily Turner Foundation | PO BOX 365, Presque Isle, ME 04769-0365 | ME | 1963-08 | $42,694 |
| 12 | Mark W Leinone And Patrica S Leinonen Charitable Foundation | 5 Narrow Bend Rd, Scarborough, ME 04074-8488 | ME | 2005-01 | $42,557 |
| 13 | Marlee Fund | PO BOX 17, Kents Hill, ME 04349 | ME | 2008-09 | $23,540 |
| 14 | Marsh Island Corporation | PO BOX 404, Old Town, ME 04468-0404 | ME | 1998-12 | $53,114 |
| 15 | Marshwood Travel Soccer | PO BOX 421, Eliot, ME 03903-0421 | ME | 2005-08 | $36,536 |
| 16 | Martha J Stevens Tr Fbo Lakewood Theatre, Leblanc Vaughn Ttee | PO BOX 37, Athens, ME 04912-0037 | ME | 1995-06 | $103,740 |
| 17 | Martindale Country Club Inc | PO BOX 1036, Auburn, ME 04211 | ME | 1968-01 | $3,737,839 |
| 18 | Mary T & Curtis D Lovill Trust, Heselton George W Ttee | 21 Stevens Ave, Randolph, ME 04346-5136 | ME | 1991-09 | $163,561 |
| 19 | Marys Walk | 62 Portland Rd Ste 17, Kennebunk, ME 04043-6650 | ME | 2000-04 | $289,054 |
| 20 | Masonic Temple Assoc, Attn Treasurer | PO BOX 792, Bangor, ME 04402-0792 | ME | 1985-11 | $343,233 |
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