The Morton Foundation Inc in Cape Neddick, 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
| The Morton Foundation Inc | |
| Employer Identification Number (EIN) | 043288386 |
| Name of Organization | The Morton Foundation Inc |
| In Care of Name | Carolyn Sayward |
| Address | 1 Nates Way, Cape Neddick, ME 03902-7495 |
| Activities | Other youth organization or activities |
| Subsection | Charitable Organization |
| Ruling Date | 05/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| 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 | $2,170,887 |
| Amount of Income | $2,991,746 |
| Form 990 Revenue Amount | $160,806 |
| National Taxonomy of Exempt Entities (NTEE) | Youth Development: Youth Centers, Clubs, Multipurpose |
Non-representatives - add comments:
Revenue 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 | $110,772 | $47,978 | $47,978 | |
| Contributions, gifts, grants, etc., received | $94,919 | |||
| Interest on savings and temporary cash investments | $6 | |||
| Dividends and interest from securities | $47,972 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $89,237 | $11,240 | $15,550 | $75,255 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $89,237 | $11,240 | $75,255 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $21,535 | |||
| Net investment income | $36,738 | |||
| Adjusted net income | $32,428 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,698,516 | $1,755,628 |
| Cash - non-interest-bearing | $49,237 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,184,773 | |
| Investments-corporate bonds | $208,249 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $190,076 | |
| Other | $66,181 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,698,516 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-32,125 |
| 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 | $735 |
| Total credits and payments | $1,219 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $396 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $823 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $6 |
| Tax due | $0 |
| Overpayment | $478 |
| Amount to be credited to 2013 estimated tax | $478 |
| 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 | $1,813,137 |
| Net value of noncharitable-use assets | $1,785,940 |
| Minimum investment return | $89,297 |
| 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 | $32,428 | $44,239 | $31,426 | $35,727 | $143,820 |
| Qualifying distributions made directly for active conduct of exempt activities | $75,255 | $72,540 | $44,774 | $64,053 | $256,622 |
| 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 | $59,531 | $54,032 | $46,508 | $39,569 | $199,640 |
| 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 | The Edward L And Ruth J Jones Charitable Foundation | C/O Robert B Gregory, Damariscotta, ME 04543 | ME | 1998-10 | $106,056 |
| 2 | The Evergreens Senior Citizens Club Of The Brunswick Area | 1 Columbus Dr, Brunswick, ME 04011-1551 | ME | 1986-06 | $38,936 |
| 3 | The Falmouth Historical Society | 190 Us Rte 1, Falmouth, ME 04105-1313 | ME | 1983-05 | $12,523 |
| 4 | The Foundation For Maine Community Colleges, Mccs Foundation | 323 State St, Augusta, ME 04330-7131 | ME | 2010-05 | $1,202,464 |
| 5 | The Hyde Foundation | 616 High St, Bath, ME 04530-1946 | ME | 1994-06 | $516,704 |
| 6 | The Iberdrola Usa Foundation Inc | 52 Farm View Dr, New Gloucestr, ME 04260-5100 | ME | 2002-01 | $1,340,913 |
| 7 | The Islesford Neighborhood House Association | Mosswood Rd, Islesford, ME 04646 | ME | 1990-12 | $41,628 |
| 8 | The Knox County Fish & Game Association | PO BOX 114, Union, ME 04862-0114 | ME | 1984-12 | $66,219 |
| 9 | The Maine Chapter Of The Risk Management Association | 489 Congress Street, Portland, ME 04104 | ME | 2006-01 | $0 |
| 10 | The Mission Possible International | 43 Dennison St Suite 2, Auburn, ME 04210-5151 | ME | 2009-03 | $14,770 |
| 11 | The Morton Foundation Inc | 1 Nates Way, Cape Neddick, ME 03902-7495 | ME | 1996-05 | $2,991,746 |
| 12 | The New Hampshire Doberman Rescue League | 229 Bakers Grant Rd, Lebanon, ME 04027-3139 | ME | 1993-01 | $27,333 |
| 13 | The Old Folks Home Association Of Brunswick, The Stevens Home | PO BOX 925, Brunswick, ME 04011-0925 | ME | 1943-11 | $7,124 |
| 14 | The Philippian Fellowship | 99 Storer Rd, Bremen, ME 04551-3400 | ME | 2006-03 | $134,212 |
| 15 | Maine Poets Society | 321 Murphys Corner Rd, Woolwich, ME 04579-5014 | ME | 1985-08 | $2,945 |
| 16 | The Rangeley Lakes Region Historical Society | PO BOX 521, Rangeley, ME 04970-0521 | ME | 1996-03 | $72,092 |
| 17 | The Sandy Christman Foundation | PO BOX 10405, Portland, ME 04104-0405 | ME | 2006-10 | $20,156 |
| 18 | The Sebago Lake Rotary Club Charitable Fund Inc | PO BOX 1941, Windham, ME 04062-1941 | ME | 1995-11 | $43,730 |
| 19 | Sexual Assault Prevention And Response Services | PO BOX 6, Auburn, ME 04212-0006 | ME | 1985-05 | $970,671 |
| 20 | The Robert M Macnamara Foundation | 241 E Shore Rd, Westport Is, ME 04578-3518 | ME | 1998-10 | $137,530 |
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