Morton-Kelly Charitable Tr 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
| Morton-Kelly Charitable Tr | |
| Employer Identification Number (EIN) | 010442078 |
| Name of Organization | Morton-Kelly Charitable Tr |
| In Care of Name | Merton G Henry |
| Address | PO BOX 4510, Portland, ME 04112-4510 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1989 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $15,424,666 |
| Amount of Income | $23,091,322 |
| Form 990 Revenue Amount | $403,223 |
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 | $505,620 | $505,620 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $117,805 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $1,125 | |||
| Other | $386,690 | |||
| Total expenses and disbursements | $269,385 | $34,906 | $0 | $229,500 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $39,885 | $34,906 | $0 | |
| Contributions, gifts, grants paid | $229,500 | |||
| Excess of revenue over expenses and disbursements | $236,235 | |||
| Net investment income | $470,714 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,656,393 | $3,944,124 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $127,140 | |
| Investments-corporate stock | $3,102,324 | |
| Investments-corporate bonds | $416,588 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $10,341 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,656,393 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $386,690 |
| 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 | $4,707 |
| Total credits and payments | $8,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $8,000 |
| 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 | $3,293 |
| Amount to be credited to 2013 estimated tax | $3,293 |
| 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 | $4,049,989 |
| Net value of noncharitable-use assets | $3,989,240 |
| Minimum investment return | $199,462 |
| Distributable Amount (for 2012) | |
| Distributable amount | $194,755 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $194,755 |
| 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 | Moodtide Water Festival Inc | PO BOX 372, Rumford, ME 04276-0372 | ME | 1998-05 | $33,270 |
| 2 | Moosabec Ambulance Service | PO BOX 164, Jonesport, ME 04649-0164 | ME | 2002-04 | $114,548 |
| 3 | Moosehead Historical Society Inc | PO BOX 1116, Greenville, ME 04441-1116 | ME | 1971-11 | $109,412 |
| 4 | Moosehead Lake Region Chamber Of Commerce | PO BOX 581, Greenville, ME 04441-0581 | ME | 1992-03 | $112,103 |
| 5 | Moosehead Lake Vacation Sportsmans Association | PO BOX 35, Rockwood, ME 04478-0035 | ME | 2002-04 | $20,917 |
| 6 | The Maine Morgan Horse Club Inc | 10 Sea Grass Farm Rd, Brunswick, ME 04011-7841 | ME | 1982-04 | $77,086 |
| 7 | Morris Farm Trust | PO BOX 136, Wiscasset, ME 04578-0136 | ME | 1995-06 | $131,090 |
| 8 | Morrison Center | 60 Chamberlain Rd, Scarborough, ME 04074-9192 | ME | 1958-03 | $5,162,140 |
| 9 | Morse High School Scholarship Fund | PO BOX 1030, Bath, ME 04530-1030 | ME | 1965-04 | $1,043,581 |
| 10 | Maine Association Of Mortgage Professionals | PO BOX 552, Cumberland, ME 04021 | ME | 2002-01 | $54,772 |
| 11 | Morton-Kelly Charitable Tr | PO BOX 4510, Portland, ME 04112-4510 | ME | 1989-02 | $23,091,322 |
| 12 | Motivational Services Inc | PO BOX 229, Augusta, ME 04332-0229 | ME | 1977-07 | $8,746,610 |
| 13 | Motorcycle Rider Education Of Maine | 499 Broadway Pmb 352, Bangor, ME 04401-3460 | ME | 2001-03 | $89,459 |
| 14 | Mount Auburn Cemetery Corp | 30 Military Ln, Litchfield, ME 04350-4249 | ME | 1991-04 | $378,543 |
| 15 | Mount Blue Housing Inc | 17 Market Sq, South Paris, ME 04281-1533 | ME | 1996-05 | $55,824 |
| 16 | Mount David Housing Inc | PO BOX 2008, Lewiston, ME 04241-2008 | ME | 1994-02 | $27,882 |
| 17 | Somes Pond Center | PO BOX 115, Hulls Cove, ME 04644-0115 | ME | 2002-02 | $61,442 |
| 18 | Mount Desert Festival Of Chamber Music Inc | PO BOX 862, Northeast Hbr, ME 04662-0862 | ME | 1965-10 | $129,974 |
| 19 | Mount Desert Island Community Sailing And Maritime Education, Mdi Community Sailing Center | 168 Clark Point Road, Southwest Harbor, ME 04679 | ME | 2007-12 | $324,076 |
| 20 | Mount Desert Island Historical Society | PO BOX 653, Mount Desert, ME 04660-0653 | ME | 1975-07 | $164,733 |
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