The Bill And Joan Alfond Foundation 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
| The Bill And Joan Alfond Foundation | |
| Employer Identification Number (EIN) | 010421806 |
| Name of Organization | The Bill And Joan Alfond Foundation |
| In Care of Name | James F Cox Dexter Shoe Co |
| Address | Two Monument Squarte, Portland, ME 04101 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $18,549,028 |
| Amount of Income | $15,404,110 |
| Form 990 Revenue Amount | $401,625 |
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 | $15,330,605 | $2,483,579 | $0 | |
| Contributions, gifts, grants, etc., received | $11,999,408 | |||
| Interest on savings and temporary cash investments | $1,082 | |||
| Dividends and interest from securities | $76,384 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,197 | |||
| Other | $3,251,534 | |||
| Total expenses and disbursements | $1,288,533 | $116,371 | $0 | $1,171,385 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $185,303 | $116,371 | $68,155 | |
| Contributions, gifts, grants paid | $1,103,230 | |||
| Excess of revenue over expenses and disbursements | $14,042,072 | |||
| Net investment income | $2,367,208 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $10,495,931 | $36,951,636 |
| Cash - non-interest-bearing | $10,291 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,238,160 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $9,179,637 | |
| Other | $67,843 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $10,495,931 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $3,251,534 |
| 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 | $47,344 |
| Total credits and payments | $49,900 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,400 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $47,500 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $2,556 |
| Amount to be credited to 2013 estimated tax | $2,556 |
| 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? | Yes |
| 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 | $25,325,027 |
| Net value of noncharitable-use assets | $24,945,160 |
| Minimum investment return | $1,247,258 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,204,914 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,204,914 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $1,125,886 |
| 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 | The Morton Foundation Inc | 1 Nates Way, Cape Neddick, ME 03902-7495 | ME | 1996-05 | $2,991,746 |
| 2 | The New Hampshire Doberman Rescue League | 229 Bakers Grant Rd, Lebanon, ME 04027-3139 | ME | 1993-01 | $27,333 |
| 3 | The Old Folks Home Association Of Brunswick, The Stevens Home | PO BOX 925, Brunswick, ME 04011-0925 | ME | 1943-11 | $7,124 |
| 4 | The Philippian Fellowship | 99 Storer Rd, Bremen, ME 04551-3400 | ME | 2006-03 | $134,212 |
| 5 | Maine Poets Society | 321 Murphys Corner Rd, Woolwich, ME 04579-5014 | ME | 1985-08 | $2,945 |
| 6 | The Rangeley Lakes Region Historical Society | PO BOX 521, Rangeley, ME 04970-0521 | ME | 1996-03 | $72,092 |
| 7 | The Sandy Christman Foundation | PO BOX 10405, Portland, ME 04104-0405 | ME | 2006-10 | $20,156 |
| 8 | The Sebago Lake Rotary Club Charitable Fund Inc | PO BOX 1941, Windham, ME 04062-1941 | ME | 1995-11 | $43,730 |
| 9 | Sexual Assault Prevention And Response Services | PO BOX 6, Auburn, ME 04212-0006 | ME | 1985-05 | $970,671 |
| 10 | The Robert M Macnamara Foundation | 241 E Shore Rd, Westport Is, ME 04578-3518 | ME | 1998-10 | $137,530 |
| 11 | The Bill And Joan Alfond Foundation | Two Monument Squarte, Portland, ME 04101 | ME | 1987-05 | $15,404,110 |
| 12 | The@albert R Lepage Charitable Foundation, Lepage Albert R Ttee | PO BOX 1085, Auburn, ME 04211-1085 | ME | 2003-03 | $10,984 |
| 13 | The@bangor Savings Bank Foundation | 99 Franklin St, Bangor, ME 04401-4911 | ME | 1997-09 | $2,848,907 |
| 14 | The@nathan And Henry B Cleaves Law Library | 142 Federal Street, Portland, ME 04101-4151 | ME | 1997-03 | $670,720 |
| 15 | The@presumpscot Foundation | 100 Middle Rd, Cumberland, ME 04021-3709 | ME | 2011-04 | $14,087 |
| 16 | The@village | 21 Summit Rd, Ne Harbor, ME 04662 | ME | 2008-12 | $72,100 |
| 17 | Theater At Monmouth | PO BOX 385, Monmouth, ME 04259-0385 | ME | 1972-05 | $496,391 |
| 18 | Theodore & Wanda Gray Scholarship Trust, Dane Nathan Iii Ttee | PO BOX 1401, Bangor, ME 04402-1401 | ME | 2003-09 | $2 |
| 19 | Thomas Jordan Tr | PO BOX 6260, Cape Eliz, ME 04107-0060 | ME | 1996-05 | $40,938 |
| 20 | Thompson Community Center Association | PO BOX 824, Union, ME 04862-0824 | ME | 1993-08 | $105,909 |
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