Mildred B Morton Com Ctr Tr Fnd in Concord, New Hampshire (NH)

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Mildred B Morton Com Ctr Tr Fnd
Employer Identification Number (EIN)036005306
Name of OrganizationMildred B Morton Com Ctr Tr Fnd
In Care of NameTd Bank Na Ttee Fiduciary Tx Dept
AddressPO BOX 477, Concord, NH 03302-0477
ActivitiesCommunity center
SubsectionCharitable Organization
Ruling Date12/1977
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$282,964
Amount of Income$66,625
Form 990 Revenue Amount$15,357
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Single Organization Support


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Amount of income in 2014: $66,625
This organization: 

 $66,625
Other organizations performing similar types of work: 

 $234,123

Assets in 2014: $282,964
This organization: 

 $282,964
Other organizations performing similar types of work: 

 $282,964

Expenses in 2012: $16,441
Mildred B Morton Com Ctr Tr Fnd: 

 $16,441
Other organizations performing similar types of work: 

 $137,179

Income to expenses ratio in 2012: 4.1
Mildred B Morton Com Ctr Tr Fnd: 

 4.1
Other organizations performing similar types of work: 

 1.9

Expenses allocated to program services in 2006: 79.5%
This organization: 

 79.5%
Other organizations performing similar types of work: 

 79.5%

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 24.9%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$12,177$11,280$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$6,979
Gross rents$0
Gross profit from sales of goods$0
Other income$897
Other$4,301
Total expenses and disbursements$16,441$4,338$0$12,103
Compensation of officers, directors, trustees, etc.$4,271
Total operating and administrative expenses$4,338$4,338$0
Contributions, gifts, grants paid$12,103
Excess of revenue over expenses and disbursements$-4,264
Net investment income$6,942
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$287,443$298,588
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$154,440
Investments-corporate bonds$118,835
Investments-mortgage loans$0
Investments-other$0
Other$14,168
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$287,443
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$4,301
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$69
Total credits and payments$108
2012 estimated tax payments and 2011 overpayment credited to 2012$108
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$39
Amount to be credited to 2013 estimated tax$39
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$295,160
Net value of noncharitable-use assets$290,740
Minimum investment return$14,537
Distributable Amount (for 2012)
Distributable amount$14,468
Undistributed Income (for 2012)
Distributable amount for 2012$14,468
Undistributed income for 2012. This amount must be distributed in 2013$12,204
Private Operating Foundations (for 2012)
2012201120102009Total
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
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002200420052006
Total revenue$13,630$30,913$21,048$9,259$15,437$15,357
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0
Contributions to donor advised funds$0
Direct public support$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0
Membership dues and assessments$0$0$148$0$0$0
Interest on savings and temporary cash investments$806$226$10,455$4$0$0
Dividends and interest from securities$10,767$10,849$0$6,539$6,754$9,085
Net rental income or (loss)$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$2,057$19,838$10,445$2,716$8,683$6,272
Gross amount from sales of assets other than inventory$34,036$28,829$58,240$243,924$76,171$77,651
Less: cost or other basis and sales expenses$31,979$8,991$47,795$241,208$67,488$71,379
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0
Total expenses$16,538$9,260$9,701$7,507$7,550$10,247
Program services$13,412$7,545$8,492$5,482$5,472$8,149
Management and general$3,126$1,715$1,209$2,025$2,078$2,098
Fundraising$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$207,723$228,915$245,992$247,244$254,494$259,621
Excess or (deficit) for the year$-2,908$21,653$11,347$1,752$7,887$5,110
Net assets or fund balances at beginning of year$210,943$207,723$228,915$245,040$247,244$254,494
Other changes in net assets or fund balances$-312$-461$5,730$452$-637$17
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$10,247$8,149$2,098$0
Grants paid from donor advised funds$0
Other grants and allocations$7,162
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$2,961$987$1,974$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$115$0$115$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$9$0$9$0
Balance Sheets
200020012002200420052006
Total assets$207,723$228,915$245,992$247,244$254,494$259,621
Cash - non-interest-bearing$0$0$0$0$0$0
Savings and temporary cash investments$2,319$13,002$14,728$9,791$8,617$10,448
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0
Investments - publicly-traded securities$0
Investments - other securities$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Investments - other$205,404$215,913$231,264$237,453$245,877$249,173
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Other assets, including program-related investments$0$0$0$0$0$0
Total liabilities$0$0$0$0$0$0
Accounts payable and accrued expenses$0$0$0$0$0$0
Grants payable$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0
Total liabilities and net assets/fund balances$207,723$228,915$245,992$247,244$254,494$259,621
Total net assets or fund balances$207,723$228,915$245,992$247,244$254,494$259,621
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002200420052006
Total revenue$0$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002200420052006
Total expenses$0$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$15,357$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$9,085$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$6,272$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organization4
Support Schedule
199920002001200320042005
Total$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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1World Golf Foundation Inc1 World Golf Pl, St Augustine, FL 32092-2724FL1991-04$42,626,117
2East Carolina University Educational Foundation Inc351 Ward Sports Medicine Bldg, Greenville, NC 27858NC1950-06$15,575,666
3Mary A Cunningham Trust75 Edge Hill Rd, Milton, MA 02186-5336MA1982-08$4,141,250
4Alabama Shakespeare Festival Endowment Tr, Mcinnes D Joseph Ttee1 Festival Dr, Montgomery, AL 36117-4605AL1994-06$3,498,678
5National Rowing Foundation Inc67 Mystic Rd, N Stonington, CT 06359-1514CT1966-03$3,247,262
6American Junior Golf Foundation Inc1980 Sports Club Dr, Braselton, GA 30517-6000GA1981-11$2,344,297
7Deveaus Gymnastic Booster Club IncPO BOX 430, Fishers, IN 46038-0430IN1987-06$957,621
8United States Table Tennis Association Foundation Inc6617 Crossings Dr Se Ste 100, Grand Rapids, MI 49508-7378MI1985-07$522,628
9Johnson County Park And Recreation Foundation7900 Renner Rd, Shawnee Msn, KS 66219-9723KS1977-11$496,156
10Sacramento Asian Sports Foundation C/O Julie K Ota6696 Trudy Way, Sacramento, CA 95831-1954CA1995-04$460,456
11Mildred B Morton Com Ctr Tr FndPO BOX 477, Concord, NH 03302-0477NH1977-12$66,625
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Number of organizations performing similar types of work
Alabama1
California3
Connecticut2
Florida1
Georgia2
Iowa1
Idaho1
Illinois3
Indiana1
Kansas1
Massachusetts1
Michigan2
Minnesota2
Missouri2
North Carolina1
Nebraska1
New Hampshire1
New Jersey1
Ohio2
Oregon3
Pennsylvania1
Tennessee1
Texas1
Washington1
Wisconsin2
Total38

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