Portland Provident Association 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
| Portland Provident Association | |
| Employer Identification Number (EIN) | 016012457 |
| Name of Organization | Portland Provident Association |
| Address | PO BOX 507, Portland, ME 04112-0507 |
| Subsection | Charitable Organization |
| Ruling Date | 04/1928 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,395,260 |
| Amount of Income | $872,091 |
| Form 990 Revenue Amount | $397,547 |
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 | $397,547 | $397,547 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $30,227 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $367,320 | |||
| Total expenses and disbursements | $76,503 | $9,103 | $0 | $52,230 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $25,303 | $9,103 | $1,030 | |
| Contributions, gifts, grants paid | $51,200 | |||
| Excess of revenue over expenses and disbursements | $321,044 | |||
| Net investment income | $388,444 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $974,471 | $1,142,227 |
| Cash - non-interest-bearing | $5,663 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $962,822 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $5,986 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $974,471 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $367,320 |
| 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 | $7,769 |
| Total credits and payments | $7,760 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $7,760 |
| 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 | $13 |
| Tax due | $22 |
| 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 | $1,148,441 |
| Net value of noncharitable-use assets | $1,131,220 |
| Minimum investment return | $56,561 |
| Distributable Amount (for 2012) | |
| Distributable amount | $48,792 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $48,792 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $24,467 |
| 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 | Portland Lyric Theater | 176 Sawyer St, S Portland, ME 04106-2128 | ME | 1983-03 | $8,720 |
| 2 | Portland Maine Rotary Service Fund | PO BOX 1755, Portland, ME 04104-1755 | ME | 1990-08 | $28,592 |
| 3 | Portland Marine Society | Po Box 7574, Portland, ME 04101 | ME | 1972-02 | $0 |
| 4 | Portland Music Foundation | Po Box 1812, Portland, ME 04104 | ME | 2008-07 | $0 |
| 5 | Portland Olympic Club Incorporated, Portland Boxing Club | PO BOX 644, Portland, ME 04104-0644 | ME | 2002-08 | $107,211 |
| 6 | Portland Opera Repertory Theatre | PO BOX 7733, Portland, ME 04112-7733 | ME | 1995-04 | $425,374 |
| 7 | Portland Pirates Foundation Inc | 94 Free Street, Portland, ME 04101-3920 | ME | 2003-12 | $0 |
| 8 | Portland Players Inc | 420 Cottage Rd, S Portland, ME 04106-4921 | ME | 1964-12 | $191,398 |
| 9 | Portland Police Benevolent Assn | 109 Middle St, Portland, ME 04101-4104 | ME | 1976-05 | $83,706 |
| 10 | Portland Porpoise Swim Club | 2 Church St, Westbrook, ME 04092-3422 | ME | 1992-03 | $167,462 |
| 11 | Portland Provident Association | PO BOX 507, Portland, ME 04112-0507 | ME | 1928-04 | $872,091 |
| 12 | Portland Public Library | 5 Monument Sq, Portland, ME 04101-4017 | ME | 1943-01 | $6,342,808 |
| 13 | Portland Regional Chamber | 443 Congress Street, Portland, ME 04101-3531 | ME | 1952-01 | $1,328,058 |
| 14 | Portland Rotary Charitable Fund | Po Box 1755, Portland, ME 04104-1755 | ME | 1985-03 | $0 |
| 15 | Portland School Of Ballet | Suite 2, Portland, ME 04101 | ME | 1992-03 | $537,229 |
| 16 | Portland Seamens Friend Society | 14 Lewis St, Westbrook, ME 04092-2614 | ME | 1950-03 | $92,694 |
| 17 | Portland Trails | 305 Commercial St, Portland, ME 04101-4641 | ME | 1992-01 | $509,710 |
| 18 | Portland Velo Club | PO BOX 15093, Portland, ME 04112-5093 | ME | 2005-06 | $51,445 |
| 19 | Portland Yacht Club | 40 Old Powerhouse Rd, Falmouth, ME 04105-1616 | ME | 1967-02 | $966,357 |
| 20 | Portland Youth Dance | PO BOX 8830, Portland, ME 04104-8830 | ME | 2002-12 | $45,043 |
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