Old Fort Western Fund in Augusta, Maine (ME)
Table of contents:
| Old Fort Western Fund | |
| Employer Identification Number (EIN) | 222546922 |
| Name of Organization | Old Fort Western Fund |
| Address | 16 Cony St, Augusta, ME 04330-5200 |
| Activities | Endowment fund or financial services |
| Subsection | Charitable Organization |
| Ruling Date | 11/1985 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $316,822 |
| Amount of Income | $67,322 |
| Form 990 Revenue Amount | $56,952 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $67,322 (it was $74,747 in 2013)
| This organization: | $67,322 |
| Other organizations performing similar types of work: | $202,431 |
Assets in 2014: $316,822 (it was $325,707 in 2013)
| Old Fort Western Fund: | $316,822 |
| Other organizations performing similar types of work: | $442,684 |
Expenses in 2013: $96,254
| Old Fort Western Fund: | $96,254 |
| Other organizations performing similar types of work: | $108,984 |
Income to expenses ratio in 2013: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 3.4 |
Grants share in income in 2013: 24.2%
| Old Fort Western Fund: | 24.2% |
| Other organizations performing similar types of work: | 35.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $100,250 | $71,072 | $74,747 |
| Contributions, gifts, grants, and similar amounts received | $25,465 | $17,345 | $18,101 |
| Program service revenue including government fees and contracts | $41,080 | $44,566 | $43,402 |
| Membership dues and assessments | $3,485 | $6,900 | $5,115 |
| Investment income | $3,650 | $3,475 | $5,356 |
| Gain/Loss from sale of assets other than inventory | $26,570 | $-1,494 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $280 | $2,773 |
| Gross sales of inventory, less returns and allowances | $0 | $4,470 | $7,707 |
| Less: cost of goods sold | $0 | $4,190 | $4,934 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $67,908 | $97,679 | $96,254 |
| Total net assets | $347,458 | $302,147 | $300,361 |
| Excess/Deficit for the year | $32,342 | $-26,607 | $-21,507 |
| Net assets or fund balances at beginning of year | $305,679 | $347,458 | $302,147 |
| Other changes in net assets or fund balances | $9,437 | $-18,704 | $19,721 |
| Net assets or fund balances at end of year | $302,147 | $300,361 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $358,779 | $318,302 | $325,707 |
| Total liabilities | $11,321 | $16,155 | $25,346 |
| Net assets or fund balances | $347,458 | $302,147 | $300,361 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $373,866 |
| Subtotal | $373,866 |
| Gifts, grants, contributions, and membership fees received | $152,390 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $221,476 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $393,919 |
| Public support | $373,866 |
| Subtotal | $20,053 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $20,053 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Cincinnati Museums Foundation | 1301 Western Ave, Cincinnati, OH 45203-1138 | OH | 2011-06 | $7,392,279 |
| 2 | Air Zoo Legacy Foundation | 6151 Portage Rd, Portage, MI 49002-3003 | MI | 2009-04 | $2,720,942 |
| 3 | Seattle Art Museum Foundation | 1300 1st Ave, Seattle, WA 98101-2003 | WA | 1993-04 | $2,239,857 |
| 4 | U S Space & Rocket Center Foundation | 1 Tranquility Base, Huntsville, AL 35805-3371 | AL | 2002-03 | $2,022,595 |
| 5 | Soldiers And Sailors Memorial Hall And Museum Trust Inc | 4141 5th Ave, Pittsburgh, PA 15213-3547 | PA | 1999-06 | $1,865,192 |
| 6 | San Antonio Public Library Foundation | 625 Shook Ave, San Antonio, TX 78212-5343 | TX | 1983-11 | $1,754,298 |
| 7 | The Conservancy For The Parthenon And Centennial Park | PO BOX 196340, Nashville, TN 37219-6340 | TN | 1985-06 | $1,118,578 |
| 8 | Sir John Soanes Museum Foundation | 1040 1st Ave, New York, NY 10022-2991 | NY | 1991-10 | $990,553 |
| 9 | Sci-Port Foundation | 820 Clyde Fant Pkwy, Shreveport, LA 71101-3667 | LA | 2001-08 | $940,053 |
| 10 | South Carolina State Museum Foundation | 301 Gervais Street Loading Zone D, Columbia, SC 29201 | SC | 1981-09 | $684,840 |
| 11 | Robert Brady Museum Foundation | 1326 Albany St Apt 2, Abilene, TX 79605-5069 | TX | 2010-12 | $644,211 |
| 12 | The Morris Museum Foundation Inc | 6 Normandy Heights Rd, Morristown, NJ 07960-4612 | NJ | 1992-02 | $577,995 |
| 13 | Saginaw Valley Naval Ship Museum Committee | 1680 Martin St, Bay City, MI 48706-4091 | MI | 1997-06 | $519,354 |
| 14 | The Kentuck Museum Association Inc | 503 Main Ave, Northport, AL 35476-4483 | AL | 1985-06 | $483,757 |
| 15 | Tybee Island Marine Science Foundation Inc | PO BOX 1879, Tybee Island, GA 31328-1879 | GA | 1995-12 | $459,585 |
| 16 | Ybor City Museum Society Inc | PO BOX 5421, Tampa, FL 33675-5421 | FL | 1983-12 | $342,963 |
| 17 | Friends Of The Nevada Southern Railway Inc | 600 Yucca Street, Boulder City, NV 89005 | NV | 2008-12 | $270,633 |
| 18 | Old Fort Western Fund | 16 Cony St, Augusta, ME 04330-5200 | ME | 1985-11 | $67,322 |
| 19 | Friends Of L C Bates Museum | 14 Easler Drive, Hinkley, ME 04944 | ME | 2009-08 | $24,657 |
| 20 | Museum Of Art Alliance | 40 Harlow Street, Bangor, ME 04401 | ME | 2005-12 | $0 |
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