John S & Helen E Carver Fund 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
- Organizations performing similar types of work
| John S & Helen E Carver Fund | |
| Employer Identification Number (EIN) | 016044693 |
| Name of Organization | John S & Helen E Carver Fund |
| In Care of Name | Hm Payson & Co |
| Address | PO BOX 31, Portland, ME 04112-0031 |
| Activities | 4947(a)(2) trust |
| Subsection | Charitable Organization |
| Ruling Date | 01/2011 |
| 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 | $1,600,711 |
| Amount of Income | $281,104 |
| Form 990 Revenue Amount | $82,607 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2014: $281,104 (it was $2,764,807 in 2012)
| John S & Helen E Carver Fund: | $281,104 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2014: $1,600,711 (it was $1,634,889 in 2012)
| This organization: | $1,600,711 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $93,712
| This organization: | $93,712 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 3.0
| This organization: | 3.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 79.6% |
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 | $82,607 | $82,607 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $48,898 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $301 | |||
| Other | $33,408 | |||
| Total expenses and disbursements | $93,712 | $8,490 | $0 | $81,857 |
| Compensation of officers, directors, trustees, etc. | $6,589 | |||
| Total operating and administrative expenses | $14,052 | $8,490 | $2,197 | |
| Contributions, gifts, grants paid | $79,660 | |||
| Excess of revenue over expenses and disbursements | $-11,105 | |||
| Net investment income | $74,117 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,634,889 | $1,720,640 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,313,716 | |
| Investments-corporate bonds | $256,270 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $64,903 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,634,889 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $33,408 |
| 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 | $1,482 |
| Total credits and payments | $1,856 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,856 |
| 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 | $374 |
| Amount to be credited to 2013 estimated tax | $374 |
| 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 | $1,682,859 |
| Net value of noncharitable-use assets | $1,657,620 |
| Minimum investment return | $82,881 |
| Distributable Amount (for 2012) | |
| Distributable amount | $81,399 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $81,399 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $24,594 |
| 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 | Verrill Foundation | 7 Broad Cove Way, Cumberland Foreside, ME 04110 | ME | 2007-08 | $2,527,903 |
| 2 | Waterhouse Youth Endowment Fund | 62 Portland Rd Ste 25, Kennebunk, ME 04043-6650 | ME | 2014-07 | $1,509,276 |
| 3 | Joshua W Curtis Jr Charitable Tr | PO BOX 656, Bangor, ME 04402-0656 | ME | 2009-05 | $783,623 |
| 4 | Wellspring Charitable Foundation | PO BOX 4405, Portland, ME 04101-0605 | ME | 2008-06 | $777,024 |
| 5 | Barbara Cassidy Foundation, Cassidy Barbara A Ttee | PO BOX 468, Biddeford, ME 04005-0468 | ME | 2009-12 | $674,159 |
| 6 | Sherman Family Foundation | 874 Shore Rd, Cape Eliz, ME 04107-1525 | ME | 2000-01 | $496,921 |
| 7 | The Frank L Currier Charitable, Morse Janice C Ttee | C/O Janice C Morse Trustee 16 Turne, Berwick, ME 03901 | ME | 1999-12 | $137,979 |
| 8 | Susannah M Swihart Charitable Foundation | 16 Town Landing Rd, Cumb Foreside, ME 04110-1110 | ME | 2000-09 | $109,884 |
| 9 | The Edward L And Ruth J Jones Charitable Foundation | C/O Robert B Gregory, Damariscotta, ME 04543 | ME | 1998-10 | $106,056 |
| 10 | Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc | PO BOX 31, Portland, ME 04112-0031 | ME | 2011-01 | $81,447 |
| 11 | Traveler Fund, Skydell Paul Et Al Ttee | C/O Skydell 251 High St, Bath, ME 04530 | ME | 2002-03 | $38,726 |
| 12 | James C Macleod Scholarship Trust | PO BOX 1100, Ellsworth, ME 04605-1100 | ME | 2014-07 | $36,730 |
| 13 | The Morton Mendes Charitable Foundation | 188 Main Rd, Westport Is, ME 04578-3107 | ME | 2014-09 | $33,494 |
| 14 | The Forrest S Hutchins Foundation, Hutchins Wayne K Ttee | 26 Ellsworth St, Springvale, ME 04083-1611 | ME | 2001-02 | $26,501 |
| 15 | Charles J And Barbara M Osicka Foundation Inc | PO BOX 308, Bristol, ME 04539-0308 | ME | 2009-07 | $15,672 |
| 16 | Rosenthal Charitable Trust B | 46 Firstpark Drive, Oakland, ME 04963-5375 | ME | 2012-08 | $9,076 |
| 17 | Woodland Charitable Foundation | 8 Lookout Pt, Phippsburg, ME 04562-4327 | ME | 2000-05 | $1,626 |
| 18 | Sea Otter Foundation | 39 Coveside Ln, Yarmouth, ME 04096-5354 | ME | 2001-08 | $972 |
| 19 | Bene Vivite Foundation | 83 Merganser Cove Rd, Orrs Island, ME 04066-2408 | ME | 2000-06 | $860 |
| 20 | Theodore & Wanda Gray Scholarship Trust, Dane Nathan Iii Ttee | PO BOX 1401, Bangor, ME 04402-1401 | ME | 2003-09 | $2 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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