Simmons Foundation Inc 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
| Simmons Foundation Inc | |
| Employer Identification Number (EIN) | 010277832 |
| Name of Organization | Simmons Foundation Inc |
| In Care of Name | Pacios Rausch & Chasse |
| Address | PO BOX 426, Portland, ME 04112-0426 |
| Activities | Gifts, grants, or loans to other organizations, Scholarships (other) |
| Subsection | Charitable Organization, Religious Organization |
| Ruling Date | 01/1968 |
| 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 | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,860,780 |
| Amount of Income | $1,140,338 |
| Form 990 Revenue Amount | $96,954 |
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 | $294,853 | $634,669 | $10,720 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $72,094 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $222,759 | |||
| Total expenses and disbursements | $171,990 | $25,035 | $0 | $144,228 |
| Compensation of officers, directors, trustees, etc. | $1,750 | |||
| Total operating and administrative expenses | $34,590 | $25,035 | $6,828 | |
| Contributions, gifts, grants paid | $137,400 | |||
| Excess of revenue over expenses and disbursements | $122,863 | |||
| Net investment income | $609,634 | |||
| Adjusted net income | $10,720 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,591,918 | $2,591,918 |
| Cash - non-interest-bearing | $14,558 | |
| Investments-U.S. and state government obligations | $350,799 | |
| Investments-corporate stock | $1,999,374 | |
| Investments-corporate bonds | $165,506 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $61,681 | |
| Total liabilities | $9,901 | |
| Mortgages and other notes payable | $0 | |
| Other | $9,901 | |
| Total liabilities and net assets/fund balances | $2,582,017 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $222,759 |
| 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 | $6,096 |
| Total credits and payments | $7,320 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,320 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $6,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $8 |
| Tax due | $0 |
| Overpayment | $1,216 |
| Amount to be credited to 2013 estimated tax | $1,216 |
| 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? | 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 | $2,526,884 |
| Net value of noncharitable-use assets | $2,488,980 |
| Minimum investment return | $124,449 |
| Distributable Amount (for 2012) | |
| Distributable amount | $118,353 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $118,353 |
| 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 | $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 |
| 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 |
| Other organizations in Maine | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Shalom House | 106 Gilman St, Portland, ME 04102-3034 | ME | 1971-11 | $20,908,787 |
| 2 | Shawnee Peak Alpine Education Foundation | One Canal Plaza, Portland, ME 04101-4098 | ME | 2006-09 | $64,502 |
| 3 | Sheepscot Valley Conservation Association Inc | 624 Sheepscot Rd, Newcastle, ME 04553-3643 | ME | 1971-03 | $331,838 |
| 4 | Sheepscot Valley Regional Health Center | PO BOX 19, Windsor, ME 04363-0019 | ME | 1980-04 | $97,244 |
| 5 | Sheepscot Wellspring Land Alliance Inc | PO BOX 371, Liberty, ME 04949-0371 | ME | 1995-02 | $79,554 |
| 6 | Sheet Mental Workers Local 545 Training Fund | 19 Enterprise St, Lewiston, ME 04240-3503 | ME | 1978-05 | $39,044 |
| 7 | Shepherds Godparent Home | 1476 Broadway, Bangor, ME 04401-2404 | ME | 1993-12 | $270,224 |
| 8 | Sherman Family Foundation | 874 Shore Rd, Cape Eliz, ME 04107-1525 | ME | 2000-01 | $496,921 |
| 9 | Shining Light Assembly, Lighthouse Missions | 127 Star Barn Rd, Madawaska, ME 04756-3141 | ME | 2003-05 | $59,059 |
| 10 | Shrm-Maine State Council | PO BOX 1054, Lewiston, ME 04243-1054 | ME | 2003-07 | $52,915 |
| 11 | Simmons Foundation Inc | PO BOX 426, Portland, ME 04112-0426 | ME | 1968-01 | $1,140,338 |
| 12 | Simpson Memorial Library | PO BOX 186, Carmel, ME 04419-0186 | ME | 2009-06 | $58,443 |
| 13 | Sinawik Inc | PO BOX 361, Presque Isle, ME 04769-0361 | ME | 1978-02 | $61,131 |
| 14 | Single Global Currency Assn | PO BOX 390, Newcastle, ME 04553-0390 | ME | 2004-11 | $301 |
| 15 | Sixty-Three Washington Street | 63 Washington Street, Camden, ME 04843-1581 | ME | 1983-11 | $185,664 |
| 16 | Ski Museum Of Maine | PO BOX 359, Kingfield, ME 04947-0359 | ME | 1995-06 | $63,886 |
| 17 | Skidompha Library Assoc | PO BOX 70, Damariscotta, ME 04543-0070 | ME | 1972-08 | $507,237 |
| 18 | Skills Inc | PO BOX 65, Saint Albans, ME 04971-0065 | ME | 1982-05 | $17,843,555 |
| 19 | Skowhegan Community Food Cupboard | 13 Elm St, Skowhegan, ME 04976-1201 | ME | 1986-09 | $30,687 |
| 20 | Skowhegan Montessori School | PO BOX 56, Skowhegan, ME 04976-0056 | ME | 1988-08 | $109,863 |
Organization representatives - add corrected or new information about Simmons Foundation Inc »
Non-representatives - add comments about Simmons Foundation Inc»