Warren Memorial Foundation in Westbrook, 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
| Warren Memorial Foundation | |
| Employer Identification Number (EIN) | 010220759 |
| Name of Organization | Warren Memorial Foundation |
| Address | PO BOX 315, Westbrook, ME 04098-0315 |
| Activities | Gifts, grants, or loans to other organizations, Library |
| Subsection | Charitable Organization |
| Ruling Date | 08/1942 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation exempt from paying excise taxes on investment income |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,838,878 |
| Amount of Income | $386,436 |
| Form 990 Revenue Amount | $-1,438,136 |
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 | $93,880 | $93,233 | $89,959 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $18 | |||
| Dividends and interest from securities | $60,523 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $3 | |||
| Other | $33,336 | |||
| Total expenses and disbursements | $98,335 | $6,869 | $6,869 | $91,467 |
| Compensation of officers, directors, trustees, etc. | $5,000 | |||
| Total operating and administrative expenses | $13,935 | $6,869 | $7,067 | |
| Contributions, gifts, grants paid | $84,400 | |||
| Excess of revenue over expenses and disbursements | $-4,455 | |||
| Net investment income | $86,364 | |||
| Adjusted net income | $83,090 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,963,839 | $2,108,306 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,846,662 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $117,177 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,963,839 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $33,336 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | 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? | 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 | $2,089,079 |
| Net value of noncharitable-use assets | $2,057,740 |
| Minimum investment return | $102,887 |
| 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 | $83,090 | $0 | $0 | $0 | $83,090 |
| Qualifying distributions made directly for active conduct of exempt activities | $91,467 | $55,628 | $58,018 | $347,658 | $552,771 |
| Value of all assets | $1,963,839 | $1,968,294 | $3,521,986 | $3,657,708 | $11,111,827 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $1,963,839 | $1,968,294 | $3,521,986 | $3,657,708 | $11,111,827 |
| 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 | Veterans Of Foreign Wars Of The United States Dept Of Maine, 3108 Randall & Collins Post | 34 Field St, Belfast, ME 04915-6660 | ME | 1987-05 | $104,838 |
| 2 | Veterans Of Foreign Wars Of The United States Dept Of Maine, 7865 Harvell-Bishop Post | Harvell Bishop Post 7865, Madison, ME 04950 | ME | 1987-05 | $281,450 |
| 3 | Veterans Of Foreign Wars Of The United States Dept Of Maine, 9935 Sanford Springvale Post | PO BOX 955, Sanford, ME 04073-0955 | ME | 1987-05 | $590,223 |
| 4 | Virginia Project Inc | PO BOX 231, Bath, ME 04530-0231 | ME | 1998-07 | $72,501 |
| 5 | W Scott Reid Scholarship Fund | 80 Caron Ln, Auburn, ME 04210-4289 | ME | 1998-04 | $347,290 |
| 6 | Waban Projects Inc | 5 Dunaway Dr, Sanford, ME 04073-5143 | ME | 1968-01 | $14,641,146 |
| 7 | Wabanaki Health And Wellness Inc | 157 Park St Ste 5, Bangor, ME 04401-5000 | ME | 1997-06 | $194,675 |
| 8 | Waldo County Humane Society | PO BOX 479, Belfast, ME 04915-0479 | ME | 1981-04 | $38,125 |
| 9 | Walter T A Hansen Memorial Library Tr | Po Box 1008, Mars Hill, ME 04758 | ME | 2001-07 | $46,255 |
| 10 | Warren Center For Communication & Learning | 175 Union St, Bangor, ME 04401-6100 | ME | 1966-06 | $1,137,813 |
| 11 | Warren Memorial Foundation | PO BOX 315, Westbrook, ME 04098-0315 | ME | 1942-08 | $386,436 |
| 12 | Washburn Norlands Foundation Inc | 290 Norlands Rd, Livermore, ME 04253-3807 | ME | 1973-12 | $161,653 |
| 13 | Washington Library Association | PO BOX 348, Washington, ME 04574-0348 | ME | 1993-03 | $190,750 |
| 14 | Waterfall Arts | 256 High St, Belfast, ME 04915-6608 | ME | 2003-01 | $324,900 |
| 15 | Waterville Enlisted Association | 179 Western Ave, Augusta, ME 04330-6132 | ME | 1984-09 | $156 |
| 16 | Wayside Food Programs | PO BOX 1278, Portland, ME 04104-1278 | ME | 1992-09 | $538,028 |
| 17 | Wayside Theatre | 285 Chandler Hill Rd, Ripley, ME 04930-3043 | ME | 2002-02 | $6,690 |
| 18 | Weathervane Seafoods Health And Welfare Tr | 31 Badgers Is W, Kittery, ME 03904-1601 | ME | 1995-06 | $977,196 |
| 19 | Wells Auto Museum | PO BOX 496, Wells, ME 04090-0496 | ME | 1983-04 | $2,730 |
| 20 | Wendell Gilley Museum Of Bird Carving The | PO BOX 254, Southwest Hbr, ME 04679-0254 | ME | 1980-05 | $464,890 |
Organization representatives - add corrected or new information about Warren Memorial Foundation »
Non-representatives - add comments about Warren Memorial Foundation»