Maurice W & Leila M Forster Trust in Lewiston, 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
| Maurice W & Leila M Forster Trust | |
| Employer Identification Number (EIN) | 016036049 |
| Name of Organization | Maurice W & Leila M Forster Trust |
| In Care of Name | Androscoggin Bank |
| Address | PO BOX 1407, Lewiston, ME 04243-1407 |
| Activities | 4947(a)(2) trust |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Ruling Date | 06/1972 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $438,732 |
| Amount of Income | $239,831 |
| Form 990 Revenue Amount | $20,470 |
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 | $18,089 | $18,089 | $14,320 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $14,320 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $3,769 | |||
| Total expenses and disbursements | $26,721 | $2,667 | $0 | $24,054 |
| Compensation of officers, directors, trustees, etc. | $3,569 | |||
| Total operating and administrative expenses | $4,452 | $2,667 | $1,785 | |
| Contributions, gifts, grants paid | $22,269 | |||
| Excess of revenue over expenses and disbursements | $-8,632 | |||
| Net investment income | $15,422 | |||
| Adjusted net income | $14,320 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $421,066 | $480,394 |
| Cash - non-interest-bearing | $46 | |
| Investments-U.S. and state government obligations | $107,130 | |
| Investments-corporate stock | $258,725 | |
| Investments-corporate bonds | $23,761 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $31,404 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $421,066 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $3,769 |
| 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 | $154 |
| Total credits and payments | $200 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $200 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $46 |
| Amount to be credited to 2013 estimated tax | $46 |
| 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 | $471,830 |
| Net value of noncharitable-use assets | $464,760 |
| Minimum investment return | $23,238 |
| Distributable Amount (for 2012) | |
| Distributable amount | $23,084 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $23,084 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $9,543 |
| 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 | Marys Walk | 62 Portland Rd Ste 17, Kennebunk, ME 04043-6650 | ME | 2000-04 | $289,054 |
| 2 | Masonic Temple Assoc, Attn Treasurer | PO BOX 792, Bangor, ME 04402-0792 | ME | 1985-11 | $343,233 |
| 3 | Masonic Trustees Of Portland | 415 Congress St, Portland, ME 04101-3500 | ME | 1925-05 | $127,134 |
| 4 | Massabesic Area Youth Football Inc | Po Box 96, E Waterboro, ME 04030 | ME | 1992-11 | $61,872 |
| 5 | Massabesic Athletic Boosters Inc | PO BOX 65, Waterboro, ME 04087-0065 | ME | 2002-01 | $113,315 |
| 6 | Massabesic Lions Club Regional Medical Center | PO BOX 82, Alfred, ME 04002-0082 | ME | 1981-11 | $58,214 |
| 7 | Massachusetts Health Officers Association Incorporated | PO BOX 254, Limerick, ME 04048-0254 | ME | 2001-10 | $437,529 |
| 8 | Mattanawcook Terrace Housing Corp | 4 Union St Ste 9, Bangor, ME 04401-6457 | ME | 1977-01 | $219,818 |
| 9 | Mattawamkeag Housing Corp | 4 Union St Ste 9, Bangor, ME 04401-6457 | ME | 1983-05 | $150,902 |
| 10 | Maude Kaemmerling Library Ua 111537 Trust 10101200148040 | 1200 Congress Street, Portland, ME 04102-2168 | ME | 1992-02 | $16,105 |
| 11 | Maurice W & Leila M Forster Trust | PO BOX 1407, Lewiston, ME 04243-1407 | ME | 1972-06 | $239,831 |
| 12 | Maxwell K Murphy Scholarship Fund | PO BOX 1100, Ellsworth, ME 04605-1100 | ME | 1969-03 | $32,095 |
| 13 | Mcarthur Home For Aged People Assoc | 292 Elm St, Biddeford, ME 04005-3035 | ME | 1974-01 | $430,124 |
| 14 | Mcarthur Library Association | 270 Main St, Biddeford, ME 04005-2413 | ME | 1942-09 | $2,724,590 |
| 15 | Mcgafferys Creek Restoration | 233 Huddle Road, New Harbor, ME 04554 | ME | 2000-07 | $0 |
| 16 | Mcgraw Elementary Parent Teacher Organization | 20 Main Rd North, Hampden, ME 04444 | ME | 2002-04 | $24,061 |
| 17 | Mckeen Street Learning Center Inc | 111 Mckeen St, Brunswick, ME 04011-2936 | ME | 1997-06 | $295,580 |
| 18 | Mclanathan-Phippsburg Fire And Rescue Fund Inc | 44 Periwinkle Ln, Phippsburg, ME 04562-5100 | ME | 2009-02 | $196,842 |
| 19 | Mclaughlin Foundation Inc | 97 Main St, South Paris, ME 04281-1430 | ME | 1997-03 | $185,453 |
| 20 | Meadowbrook After School Dance Program | 34 Lois Ln, Eddington, ME 04428 | ME | 2009-06 | $0 |
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