Ogunquit Memorial Library in Ogunquit, 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
| Ogunquit Memorial Library | |
| Employer Identification Number (EIN) | 010214019 |
| Name of Organization | Ogunquit Memorial Library |
| Address | PO BOX 753, Ogunquit, ME 03907-0753 |
| Activities | Library |
| Subsection | Educational Organization |
| Ruling Date | 04/1939 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $758,665 |
| Amount of Income | $250,393 |
| Form 990 Revenue Amount | $109,813 |
Non-representatives - add comments:
Revenue 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 | $78,337 | $35,689 | $18,253 | |
| Contributions, gifts, grants, etc., received | $42,545 | |||
| Interest on savings and temporary cash investments | $6 | |||
| Dividends and interest from securities | $18,144 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $103 | |||
| Other | $17,539 | |||
| Total expenses and disbursements | $94,861 | $8,260 | $8,260 | $82,912 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $94,861 | $8,260 | $82,912 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-16,524 | |||
| Net investment income | $27,429 | |||
| Adjusted net income | $9,993 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $737,138 | $1,080,276 |
| Cash - non-interest-bearing | $2,241 | |
| Investments-U.S. and state government obligations | $29,664 | |
| Investments-corporate stock | $352,197 | |
| Investments-corporate bonds | $106,053 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $246,983 | |
| Total liabilities | $308 | |
| Mortgages and other notes payable | $0 | |
| Other | $308 | |
| Total liabilities and net assets/fund balances | $736,830 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $17,539 |
| 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 | $549 |
| Total credits and payments | $241 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $241 |
| 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 | $308 |
| 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 | $696,509 |
| Net value of noncharitable-use assets | $686,060 |
| Minimum investment return | $34,303 |
| Distributable Amount (for 2012) | |
| Distributable amount | $33,754 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $33,754 |
| 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 | Ocean View Cemetery Inc | PO BOX 11, Wells, ME 04090-0011 | ME | 1991-11 | $462,905 |
| 2 | Oceanswide Inc | PO BOX 797, Newcastle, ME 04553-0797 | ME | 2007-09 | $15,870 |
| 3 | Oceanview Manor Inc | PO BOX 7354, Ocean Park, ME 04063-7354 | ME | 1979-11 | $551,874 |
| 4 | Oceanview Resident Assistance Fund Inc | 20 Blueberry Lane Apt L-237, Falmouth, ME 04105 | ME | 2000-07 | $0 |
| 5 | Odd Fellows Hall Co Of Deering Of Ioof 6 | 651 Forest Ave, Portland, ME 04101-1525 | ME | 1945-06 | $120,126 |
| 6 | Odd Fellows Redevelopment Corporation | PO BOX 152, Norway, ME 04268-0152 | ME | 2002-05 | $235,292 |
| 7 | Odyssey Sport 97 Ltd | 383 Cape Monday Rd, Harrison, ME 04040-4206 | ME | 2000-03 | $65,870 |
| 8 | Ogunguit Chamber Of Commerce | 36 Main Street, Ogunquit, ME 03907 | ME | 1999-11 | $463,395 |
| 9 | Ogunquit Arts Collaborative | 1 Schooner Lndg, York, ME 03909-1371 | ME | 1997-05 | $49,447 |
| 10 | Ogunquit Fire Company | PO BOX 1558, Ogunquit, ME 03907-1558 | ME | 2000-03 | $55,593 |
| 11 | Ogunquit Memorial Library | PO BOX 753, Ogunquit, ME 03907-0753 | ME | 1939-04 | $250,393 |
| 12 | Ogunquit Playhouse Foundation | PO BOX 1510, Ogunquit, ME 03907-1510 | ME | 1994-12 | $6,587,794 |
| 13 | Samburu Trust Usa Inc | PO BOX 265, Beals, ME 04611-0265 | ME | 2007-06 | $63,340 |
| 14 | Old Bath Custom House Inc | 1 Front Street, Bath, ME 04530-2492 | ME | 1981-05 | $86,014 |
| 15 | Old Berwick Historical Society | PO BOX 296, South Berwick, ME 03908-0296 | ME | 1997-02 | $66,562 |
| 16 | Old Bug Light Charitable Foundation | PO BOX 7160, Portland, ME 04112-7160 | ME | 1998-03 | $869,504 |
| 17 | Old Canada Road Historical Society | Po Box 742, Bingham, ME 04920 | ME | 2002-09 | $0 |
| 18 | Old Canada Road Scenic Byway Inc | Po Box 301, Bingham, ME 04920 | ME | 2002-01 | $40,605 |
| 19 | Old Fort Western Fund | 16 Cony St, Augusta, ME 04330-5200 | ME | 1985-11 | $67,322 |
| 20 | Old Orchard Beach Chamber Of Commerce | 11 1st St, Old Orchd Bch, ME 04064-2678 | ME | 1949-01 | $231,294 |
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