Portland Seamens Friend Society in Westbrook, 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 Seamens Friend Society | |
| Employer Identification Number (EIN) | 010211545 |
| Name of Organization | Portland Seamens Friend Society |
| Address | 14 Lewis St, Westbrook, ME 04092-2614 |
| Activities | Other housing activities |
| Subsection | Charitable Organization, Educational Organization, Religious Organization |
| Ruling Date | 03/1950 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $163,939 |
| Amount of Income | $92,694 |
| Form 990 Revenue Amount | $70,336 |
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 | $60,115 | $7,050 | $7,050 | |
| Contributions, gifts, grants, etc., received | $60,000 | |||
| Interest on savings and temporary cash investments | $22 | |||
| Dividends and interest from securities | $6,939 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $89 | |||
| Total expenses and disbursements | $68,497 | $5,922 | $5,988 | $60,571 |
| Compensation of officers, directors, trustees, etc. | $3,600 | |||
| Total operating and administrative expenses | $9,022 | $5,922 | $1,096 | |
| Contributions, gifts, grants paid | $59,475 | |||
| Excess of revenue over expenses and disbursements | $-8,382 | |||
| Net investment income | $1,128 | |||
| Adjusted net income | $1,062 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $163,776 | $274,037 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $109,046 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $54,730 | |
| Total liabilities | $551 | |
| Mortgages and other notes payable | $0 | |
| Other | $551 | |
| Total liabilities and net assets/fund balances | $163,225 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-6,935 |
| 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 | $11 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $11 |
| 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? | 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 | $268,334 |
| Net value of noncharitable-use assets | $264,300 |
| Minimum investment return | $13,215 |
| 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 | $1,128 | $0 | $0 | $0 | $1,128 |
| Qualifying distributions made directly for active conduct of exempt activities | $60,571 | $68,742 | $52,166 | $44,557 | $226,036 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $8,810 | $8,581 | $8,150 | $7,323 | $32,864 |
| 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 Opera Repertory Theatre | PO BOX 7733, Portland, ME 04112-7733 | ME | 1995-04 | $425,374 |
| 2 | Portland Pirates Foundation Inc | 94 Free Street, Portland, ME 04101-3920 | ME | 2003-12 | $0 |
| 3 | Portland Players Inc | 420 Cottage Rd, S Portland, ME 04106-4921 | ME | 1964-12 | $191,398 |
| 4 | Portland Police Benevolent Assn | 109 Middle St, Portland, ME 04101-4104 | ME | 1976-05 | $83,706 |
| 5 | Portland Porpoise Swim Club | 2 Church St, Westbrook, ME 04092-3422 | ME | 1992-03 | $167,462 |
| 6 | Portland Provident Association | PO BOX 507, Portland, ME 04112-0507 | ME | 1928-04 | $872,091 |
| 7 | Portland Public Library | 5 Monument Sq, Portland, ME 04101-4017 | ME | 1943-01 | $6,342,808 |
| 8 | Portland Regional Chamber | 443 Congress Street, Portland, ME 04101-3531 | ME | 1952-01 | $1,328,058 |
| 9 | Portland Rotary Charitable Fund | Po Box 1755, Portland, ME 04104-1755 | ME | 1985-03 | $0 |
| 10 | Portland School Of Ballet | Suite 2, Portland, ME 04101 | ME | 1992-03 | $537,229 |
| 11 | Portland Seamens Friend Society | 14 Lewis St, Westbrook, ME 04092-2614 | ME | 1950-03 | $92,694 |
| 12 | Portland Trails | 305 Commercial St, Portland, ME 04101-4641 | ME | 1992-01 | $509,710 |
| 13 | Portland Velo Club | PO BOX 15093, Portland, ME 04112-5093 | ME | 2005-06 | $51,445 |
| 14 | Portland Yacht Club | 40 Old Powerhouse Rd, Falmouth, ME 04105-1616 | ME | 1967-02 | $966,357 |
| 15 | Portland Youth Dance | PO BOX 8830, Portland, ME 04104-8830 | ME | 2002-12 | $45,043 |
| 16 | Portland Youth Football And Cheering League Inc | PO BOX 8524, Portland, ME 04104-8524 | ME | 2003-04 | $75,845 |
| 17 | Posibilidad | 85 Wiley Street, Bangor, ME 04401 | ME | 2001-07 | $0 |
| 18 | Postpartum Support Cente, Postpartum Support Center Of Maine | 5 Quail Ridge Dr, Gorham, ME 04038-2271 | ME | 2007-05 | $1,028 |
| 19 | Pot And Kettle Club | PO BOX 1314, Southwest Hbr, ME 04679-1314 | ME | 1972-10 | $177,361 |
| 20 | Potato Association Of America | 5719 Crossland Hall Rm 200 Universi, Orono, ME 04469-5719 | ME | 2000-03 | $136,608 |
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