W Scott Reid Scholarship Fund in Auburn, 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
- Organizations performing similar types of work
| W Scott Reid Scholarship Fund | |
| Employer Identification Number (EIN) | 016141002 |
| Name of Organization | W Scott Reid Scholarship Fund |
| In Care of Name | Ioof Grand Lodge Of Maine Ttee |
| Address | 80 Caron Ln, Auburn, ME 04210-4289 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 04/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $434,366 |
| Amount of Income | $347,290 |
| Form 990 Revenue Amount | $9,225 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $347,290 (it was $251,538 in 2012)
| This organization: | $347,290 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2013: $434,366 (it was $389,165 in 2012)
| W Scott Reid Scholarship Fund: | $434,366 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2012: $27,181
| This organization: | $27,181 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2012: 12.8
| This organization: | 12.8 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 0.1% |
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 | $76,743 | $8,812 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $3,600 | |||
| Dividends and interest from securities | $8,812 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $64,331 | |||
| Total expenses and disbursements | $27,181 | $3,124 | $908 | $23,149 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,181 | $3,124 | $149 | |
| Contributions, gifts, grants paid | $23,000 | |||
| Excess of revenue over expenses and disbursements | $49,562 | |||
| Net investment income | $5,688 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $389,165 | $438,390 |
| Cash - non-interest-bearing | $6 | |
| Investments-U.S. and state government obligations | $65,088 | |
| Investments-corporate stock | $238,678 | |
| Investments-corporate bonds | $60,536 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $24,857 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $389,165 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $64,331 |
| 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 | $57 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $57 |
| 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? | 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? | 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 | $442,622 |
| Net value of noncharitable-use assets | $435,980 |
| Minimum investment return | $21,799 |
| Distributable Amount (for 2012) | |
| Distributable amount | $21,742 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $21,742 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $19,300 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | Terry Foundation | 3104 Edloe, Houston, TX 77027-6098 | TX | 1997-07 | $305,792,014 |
| 3 | Louis L Borick Foundation | 2707 Kipling St, Houston, TX 77098-1214 | TX | 1997-07 | $86,100,330 |
| 4 | Wichita Center For Graduate Medical Education Inc | 1010 N Kansas St, Wichita, KS 67214-3124 | KS | 1990-08 | $23,498,748 |
| 5 | Thurgood Marshall College Fund Inc | 901 F St Nw Ste 300, Washington, DC 20004-1481 | DC | 1993-12 | $20,267,823 |
| 6 | Island Institute | PO BOX 648, Rockland, ME 04841-0648 | ME | 1987-04 | $9,012,202 |
| 7 | Maine Education Services, Mes | 131 Presumpscot St, Portland, ME 04103-5201 | ME | 1992-06 | $3,582,523 |
| 8 | General E R Quesda Educational Foundation, Quesada Peter W Ttee | PO BOX 7525, Portland, ME 04112-7525 | ME | 1995-01 | $2,183,767 |
| 9 | Morse High School Scholarship Fund | PO BOX 1030, Bath, ME 04530-1030 | ME | 1965-04 | $1,043,581 |
| 10 | Boothbay Region Student Aid Fund Inc | PO BOX 293, Boothbay Hbr, ME 04538-0293 | ME | 1964-11 | $416,127 |
| 11 | W Scott Reid Scholarship Fund | 80 Caron Ln, Auburn, ME 04210-4289 | ME | 1998-04 | $347,290 |
| 12 | Statewide Association Of Fostering Enterprises | PO BOX 96, China, ME 04358-0096 | ME | 1994-03 | $121,607 |
| 13 | Bridgton High School Scholarship Foundation | PO BOX 269, Bridgton, ME 04009-0269 | ME | 1974-05 | $64,463 |
| 14 | Bath Rotary Club Charitable Trust | Po Box 313, Bath, ME 04530 | ME | 1994-05 | $57,327 |
| 15 | Maine Veterinary Education Foundation | 97a Exchange St, Portland, ME 04101-5016 | ME | 1998-11 | $32,835 |
| 16 | Jeffrey S Parola Foundation, Dexter Regional Federal C U | 816 Bangor Rd, Dovr Foxcroft, ME 04426-3232 | ME | 1997-12 | $27,786 |
| 17 | Gorham Womans Club Scholarship Tr | Po Box 4, Gorham, ME 04038-0004 | ME | 1996-02 | $0 |
| 18 | John L Martin Scholarship Fund Inc | 2002 Aroostook Road, Wallagrass, ME 04781 | ME | 1992-01 | $0 |
| 19 | Maine Education Council For Aviation Aerospace | 118 High St, Brooklin, ME 04616-3130 | ME | 1995-05 | $0 |
| 20 | The@scott Croteau Scholarship Foundation | PO BOX 7230, Lewiston, ME 04243-7230 | ME | 1997-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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