Pineland Farms Inc in New Gloucestr, 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Organizations performing similar types of work
| Pineland Farms Inc | |
| Employer Identification Number (EIN) | 010538172 |
| Name of Organization | Pineland Farms Inc |
| In Care of Name | Libra Foundation |
| Address | 32 Farm View Dr, New Gloucestr, ME 04260-5100 |
| Subsection | Educational Organization |
| Ruling Date | 03/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,273,886 |
| Amount of Income | $7,120,545 |
| Form 990 Revenue Amount | $5,869,041 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Historical Societies, Related Historical Activities |
Non-representatives - add comments:
Amount of income in 2013: $7,120,545 (it was $10,450,346 in 2012)
| Pineland Farms Inc: | $7,120,545 |
| Other organizations performing similar types of work: | $32,954 |
Assets in 2013: $4,273,886 (it was $5,597,753 in 2012)
| This organization: | $4,273,886 |
| Other organizations performing similar types of work: | $59,539 |
Expenses in 2012: $6,573,588
| This organization: | $6,573,588 |
| Other organizations performing similar types of work: | $21,061 |
Income to expenses ratio in 2012: 1.1
| Pineland Farms Inc: | 1.1 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2012: 61.9%
| This organization: | 61.9% |
| Other organizations performing similar types of work: | 2.1% |
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 | $7,147,707 | $0 | $2,701,173 | |
| Contributions, gifts, grants, etc., received | $4,425,305 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $2,701,173 | |||
| Gross sales less returns and allowances | $-590,576 | |||
| Less: Cost of goods sold | $3,291,749 | |||
| Other income | $0 | |||
| Other | $21,229 | |||
| Total expenses and disbursements | $6,573,588 | $0 | $2,701,173 | $3,331,958 |
| Compensation of officers, directors, trustees, etc. | $41,539 | |||
| Total operating and administrative expenses | $6,573,588 | $0 | $3,331,958 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $574,119 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,597,753 | $5,597,753 |
| Cash - non-interest-bearing | $323,379 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $5,274,374 | |
| Total liabilities | $441,884 | |
| Mortgages and other notes payable | $0 | |
| Other | $441,884 | |
| Total liabilities and net assets/fund balances | $5,155,869 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $21,229 |
| 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? | Yes |
| 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? | Yes |
| 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 | $251,998 |
| Net value of noncharitable-use assets | $248,220 |
| Minimum investment return | $12,411 |
| 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 | $3,790,255 | $3,840,575 | $4,712,785 | $4,365,942 | $16,709,557 |
| 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) | $10,332,160 | $8,808,749 | $8,344,072 | $8,572,214 | $36,057,195 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $10,510 | $0 | $10,510 |
| Gross receipts or sales less returns and allowances | $42,452 | $0 | $0 |
| Cost of goods sold | $319,421 | $0 | $0 |
| Gross profit | $105,101 | $0 | $10,510 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $21,090 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $19,794 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $1,296 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $-10,580 |
| Unrelated business taxable income before net operating loss deduction | $-10,580 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-10,580 |
| Specific deduction | $1,000 |
| Write your review! |
|
|
| Recently Added Reviews |
Sanctuary At Maple Hill Farms Inc in Auburn, ME
 |
Waterboro Land Trust Inc in North Waterboro, ME
 |
| Interpreter Services For The Deaf Inc in Cambridge, ME |
| Ashland Area Cross Country Ski Club in Ashland, ME |
Honoring Of The Elders in Sanford, ME
 |
|
Legacy Inc in Hampden, ME
|
| Andover Educational Fund Inc in Andover, ME |
|
Curran Homestead in Orrington, ME
|
|
Dirigo Search And Rescue Association in Orono, ME
|
| Friends Of The Doubling Point Light in Arrowsic, ME |
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Seventh Regiment Armory Conservancy Inc | 643 Park Ave 2nd Floor, New York, NY 10065-6122 | NY | 2000-07 | $20,230,835 |
| 2 | Town Hall Association | 1119 8th Ave, Seattle, WA 98101-2738 | WA | 2000-06 | $3,724,169 |
| 3 | Tri-State Warbird Museum | 4021 Borman Dr, Batavia, OH 45103-1684 | OH | 2003-08 | $1,348,020 |
| 4 | Yl-37 Group Foundation Inc | 14157 E 580 Rd, Inola, OK 74036-5227 | OK | 2001-05 | $646,555 |
| 5 | Roxbury Bandshell Preservation Alliance | 1618 Sunshine Ave, Johnstown, PA 15905-1849 | PA | 2008-09 | $69,026 |
| 6 | Us Marshals Museum Inc | 14 N 3rd St Ste D, Fort Smith, AR 72901-1476 | AR | 2008-02 | $59,562 |
| 7 | The General Henry Knox Museum | PO BOX 326, Thomaston, ME 04861-0326 | ME | 1988-03 | $286,779 |
| 8 | Waterville Main Street | 44 Main St Ste 202, Waterville, ME 04901-6673 | ME | 2002-04 | $212,066 |
| 9 | Frances Perkins Center | 170 Main Street, Damariscotta, ME 04543 | ME | 2010-08 | $173,848 |
| 10 | Brooks Preservation Society | 31 Veterans Hwy, Brooks, ME 04921-3800 | ME | 2009-01 | $130,272 |
| 11 | South Portland Historical Society | 55 Buglight Rd, S Portland, ME 04106-1654 | ME | 2005-01 | $67,198 |
| 12 | The Committee To Restore The Abyssinian Meetinghouse | PO BOX 11064, Portland, ME 04104-7064 | ME | 1997-10 | $65,404 |
| 13 | Bath Freight Shed Alliance | 349 Bald Head Rd, Arrowsic, ME 04530 | ME | 2014-03 | $55,212 |
| 14 | Maine Antique Tractor Club Inc, Harriet Spencer | 35 N Shore Dr, Smithfield, ME 04978-3021 | ME | 2011-03 | $39,200 |
| 15 | Arundel Historical Society | 21 Bass Lane, Arundel, ME 04046 | ME | 2009-09 | $29,641 |
| 16 | The@presumpscot Foundation | 100 Middle Rd, Cumberland, ME 04021-3709 | ME | 2011-04 | $14,087 |
| 17 | Greenville Junction Depot Friends | Po Box 16, Greenville, ME 04441 | ME | 2011-05 | $12,934 |
| 18 | Gilead Historical Society | 14 Depot Street, Gilead, ME 04217 | ME | 2014-01 | $3,945 |
| 19 | Old Walpole Meeting House | Po Box 581, Wiscasset, ME 04578 | ME | 2004-08 | $3,075 |
| 20 | Friends Of Swan Island | Po Box 246, Richmond, ME 04357 | ME | 2002-09 | $1,610 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 10,505 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Pineland Farms Inc »
Non-representatives - add comments about Pineland Farms Inc»