Redington Memorial Home in Skowhegan, 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
| Redington Memorial Home | |
| Employer Identification Number (EIN) | 010211547 |
| Name of Organization | Redington Memorial Home |
| In Care of Name | Ted Susi Treasurer |
| Address | 11 North Ave, Skowhegan, ME 04976-1819 |
| Activities | Housing for the aged (see also 153) |
| Subsection | Charitable Organization |
| Ruling Date | 05/1940 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,202,690 |
| Amount of Income | $1,559,504 |
| Form 990 Revenue Amount | $923,265 |
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 | $980,761 | $205,249 | $872,519 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $30 | |||
| Dividends and interest from securities | $45,339 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $775,777 | |||
| Other | $159,615 | |||
| Total expenses and disbursements | $766,706 | $12,597 | $763,681 | $3,025 |
| Compensation of officers, directors, trustees, etc. | $14,800 | |||
| Total operating and administrative expenses | $766,706 | $12,597 | $3,025 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $214,055 | |||
| Net investment income | $192,652 | |||
| Adjusted net income | $108,838 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,048,226 | $5,189,369 |
| Cash - non-interest-bearing | $57,084 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,227,174 | |
| Investments-corporate bonds | $423,917 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $3,340,051 | |
| Total liabilities | $10,930 | |
| Mortgages and other notes payable | $0 | |
| Other | $10,930 | |
| Total liabilities and net assets/fund balances | $5,037,296 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $159,615 |
| 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 | $3,853 |
| Total credits and payments | $5,810 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,560 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $2,250 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $1 |
| Tax due | $0 |
| Overpayment | $1,956 |
| Amount to be credited to 2013 estimated tax | $1,956 |
| 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 | $1,820,087 |
| Net value of noncharitable-use assets | $1,792,780 |
| Minimum investment return | $89,639 |
| 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 | $3,025 | $82,985 | $160,291 | $0 | $246,301 |
| 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 | $59,759 | $56,560 | $53,565 | $45,408 | $215,292 |
| 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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|---|---|---|---|---|---|
| 1 | Raymond Village Library | PO BOX 297, Raymond, ME 04071-0297 | ME | 2005-09 | $89,602 |
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| 7 | Red Eagle Foundation | P O Box 845, Greenville, ME 04441 | ME | 2009-08 | $504 |
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| 9 | Redco Foundation Inc | PO BOX 507, Portland, ME 04112-0507 | ME | 2002-03 | $1,101,139 |
| 10 | Redington Medical Associates | PO BOX 468, Skowhegan, ME 04976-0468 | ME | 1992-11 | $49,652 |
| 11 | Redington Memorial Home | 11 North Ave, Skowhegan, ME 04976-1819 | ME | 1940-05 | $1,559,504 |
| 12 | Redington Memorial Hospital Association | PO BOX 468, Skowhegan, ME 04976-0468 | ME | 1980-02 | $6,000,500 |
| 13 | Redmond Family Foundation | 24 Heron Pt, Cape Eliz, ME 04107-9700 | ME | 1998-04 | $374,834 |
| 14 | Regional Transportation Program Inc | 127 Saint John St, Portland, ME 04102-3042 | ME | 1976-03 | $3,057,677 |
| 15 | Reny Charitable Fndtn Tr Ua 010193 Gr Robert H & Carolyn D Reny, Reny Robert D & John E Ttees | 731 Route 1, Newcastle, ME 04553-3923 | ME | 1994-05 | $2,125,837 |
| 16 | Research & Education Trust | 33 Fuller Rd, Augusta, ME 04330-4910 | ME | 1973-03 | $180,981 |
| 17 | Research Institute For Mathematics | 383 College Ave, Orono, ME 04473-4213 | ME | 1987-03 | $42,288 |
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| 20 | Residential Initiatives For Maine | 100 Waterman Dr Ste 102, S Portland, ME 04106-2880 | ME | 2003-01 | $138,766 |
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