Edith L And H Danforth Ross Trust Norstar Bank Trustee 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
| Edith L And H Danforth Ross Trust Norstar Bank Trustee | |
| Employer Identification Number (EIN) | 016075554 |
| Name of Organization | Edith L And H Danforth Ross Trust Norstar Bank Trustee |
| In Care of Name | Hm Payson & Co |
| Address | PO BOX 31, Portland, ME 04112-0031 |
| 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 | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 08/2014 |
| 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 | $1,704,500 |
| Amount of Income | $304,228 |
| Form 990 Revenue Amount | $97,816 |
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 | $97,816 | $97,816 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $42,314 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $55,502 | |||
| Total expenses and disbursements | $63,651 | $9,812 | $0 | $51,769 |
| Compensation of officers, directors, trustees, etc. | $8,656 | |||
| Total operating and administrative expenses | $14,596 | $9,812 | $2,714 | |
| Contributions, gifts, grants paid | $49,055 | |||
| Excess of revenue over expenses and disbursements | $34,165 | |||
| Net investment income | $88,004 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,761,259 | $1,853,719 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,413,366 | |
| Investments-corporate bonds | $270,530 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $77,363 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,761,259 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $55,502 |
| 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 | $1,760 |
| Total credits and payments | $1,277 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,277 |
| 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 | $483 |
| 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 | $1,803,763 |
| Net value of noncharitable-use assets | $1,776,700 |
| Minimum investment return | $88,835 |
| Distributable Amount (for 2012) | |
| Distributable amount | $87,075 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $87,075 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $63,557 |
| 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 | Erskine Academy | 309 Windsor Rd, South China, ME 04358-5118 | ME | 1975-03 | $7,155,858 |
| 2 | Ervin A Center Memorial Clinic Hospital | PO BOX 113, Steep Falls, ME 04085-0113 | ME | 1960-07 | $58,454 |
| 3 | Estate Of Willis D Knowlton, Richard A Mckittrick Co Trustee | PO BOX 780, Camden, ME 04843-0780 | ME | 2002-04 | $11,486 |
| 4 | Esther Chesley Charitable Trust | 201 Main St, Bangor, ME 04401-6402 | ME | 2008-06 | $406,309 |
| 5 | Ethels Tree Of Life Inc, Ethel's Tree Of Life Inc Etl | C/O 115 Bartlett Road, Kittery Point, ME 03905 | ME | 2004-10 | $62,404 |
| 6 | Etna Spiritualist Association | 77 Stage Rd, Etna, ME 04434-3101 | ME | 2006-08 | $52,306 |
| 7 | Dugas Family Foundation | C/O P Dugas 243 State Street, Portland, ME 04101 | ME | 1999-08 | $225,585 |
| 8 | Eastern Frontier Educational | PO BOX 472, Jonesport, ME 04649-0472 | ME | 2002-10 | $26,557 |
| 9 | Eugen Friedlaender Foundation Inc | PO BOX 160, Auburn, ME 04212-0160 | ME | 1956-12 | $2,472,606 |
| 10 | Edith L & H Danforth Ross Scholarship Fund 124-6130894630 | PO BOX 31, Portland, ME 04112-0031 | ME | $26,702 | |
| 11 | Edith L And H Danforth Ross Trust Norstar Bank Trustee | PO BOX 31, Portland, ME 04112-0031 | ME | 1987-05 | $304,228 |
| 12 | Emile Levasseur Tr Uw Ethel Trafton Levasseur Mem Ymca Et Al, Fleet National Bank | PO BOX 31, Portland, ME 04112-0031 | ME | 1983-05 | $30,559 |
| 13 | Emile Levasseur Trust 523 Ua Fbo Camp Waban For Retarded Children | PO BOX 31, Portland, ME 04112-0031 | ME | 1983-05 | $3,440 |
| 14 | Ernest M Goodall Trust Fbo Goodall | PO BOX 31, Portland, ME 04112-0031 | ME | 1985-05 | $65,529 |
| 15 | Ethel Trafton Levasseur Tr Fbo Trafton Sr Cit Ctr | PO BOX 31, Portland, ME 04112-0031 | ME | 1973-07 | $30,241 |
| 16 | Eunice Frye Home | PO BOX 31, Portland, ME 04112-0031 | ME | 1943-03 | $840,788 |
| 17 | Evaluation Practice Group | 2466 Western Ave, Newburgh, ME 04444 | ME | 2006-10 | $0 |
| 18 | Evelyn S And K E Barrett Foundation | 16 Captains Way, Kittery Point, ME 03905-5306 | ME | 2007-08 | $70,791 |
| 19 | Ever After Mustang Rescue Training And Educational Center | 6 Yates Street, Biddeford Pool, ME 04006 | ME | 2003-06 | $68,256 |
| 20 | Evergreen Behavioral Services | 131 Franklin Health Commons, Farmington, ME 04938-6142 | ME | 1995-11 | $665,917 |
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