2024-07-09T07:10:13-05:00 2023-08-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2022-09-01 352580434 Timanous Foundation TIMA 2076554569 PO Box 2886 South Portland ME 04116 Garth Altenburg Director 2076554569 2024-07-08 1 Garth Altenburg 999009999 0 Connor Smart P02285543 2078792100 2024-07-08 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Camp Timanous Garth Altenburg PO Box 2886 South Portland ME 04116 3023573 0 X https://www.timanous.org/ X 2016 ME Timanous Foundation is dedicated to providing a camp life that builds character and has lasting value for every boy. 14 14 65 16 0 0 703056 573044 1525399 1595510 98202 224720 0 0 2326657 2393274 185465 190050 0 0 562456 604177 13500 22000 53797 756221 800309 1517642 1616536 809015 776738 8529924 9566083 597118 585533 7932806 8980550 X Timanous Foundation is dedicated to providing a camp life that builds character and has lasting value for every boy. 0 0 1219207 190050 1595510 Timanous Foundation was created to operate Camp Timanous, a boys' overnight summer camp located in Southern Maine. As a nonprofit organization, the Foundation is committed to ensuring that the camp remains loyal to its enduring and traditional ideals.The Foundation is dedicated to providing a camp life that builds character and has lasting value for every boy. This camp life features:- Simple, active living in a rustic environment- Deep respect for the rights and self-worth of every individual- Holistic growth of body, mind and spirit(Continued on Schedule O...)The Foundation supports this camp life by fostering high standards for counselors as role models and leaders; maintaining generational continuity of the camp community; and committing to expand our community to include more economically and demographically diverse populations. 1219207 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 15 0 1 65 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 14 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Garth Altenburg Director 2076554569 PO Box 2886 South Portland ME 04116 Dave Suitor Trustee 15.00 X 10000 0 0 Linda McGorrill Suitor Trustee 15.00 X 10000 0 0 Kelly Dietel Trustee 15.00 X 0 0 0 Vinny Dotoli Trustee 15.00 X 0 0 0 Fred Hollister Trustee 15.00 X 0 0 0 Jeanette Michael Trustee 15.00 X 0 0 0 Timothy Morningstar Trustee 15.00 X 0 0 0 Kara Van Norden Trustee 15.00 X 0 0 0 Alan Washington Trustee 15.00 X 0 0 0 Bruce Wimberly Trustee 15.00 X 0 0 0 Craig MacDonnell Chairman 15.00 X X 0 0 0 Michael Prior Trustee; Vice Chairman (start 7/23) 15.00 X X 0 0 0 Bill Leece Treasurer 15.00 X X 0 0 0 Will Mayer Secretary 15.00 X X 0 0 0 Garth Altenburg Director 40.00 X 122236 0 36478 142236 0 36478 1 0 1 0 0 573044 145103 573044 Tuition & Fees 721210 1595510 1595510 1595510 156556 156556 623392 75071 624003 6296 -611 68775 68164 68164 2393274 1595510 0 224720 200 200 182850 182850 7000 7000 156924 70616 70615 15693 383255 296113 78638 8504 3158 1123 2035 14935 9333 5602 45905 32684 11563 1658 4905 4905 16310 16310 104 104 22000 22000 23085 23085 44061 15812 25205 3044 58695 21326 36355 1014 14579 11085 1650 1844 180972 170022 10950 46330 41842 4488 6618 5671 907 40 13750 13750 77743 77479 264 64476 27370 37106 Food & Kitchen 121637 121637 Camp Youth Programs 86176 86176 Camper Services 40868 40868 1616536 1219207 343532 53797 33521 68413 617192 487135 537690 302765 18818 17337 5567 328 3420486 359328 2893023 3061158 4017831 5227139 406282 401808 8529924 9566083 92118 85533 5000 0 500000 500000 597118 585533 X 5421301 6165394 2511505 2815156 7932806 8980550 8529924 9566083 776738 271006 0 X X 0 1 X 1 0 X 387979 510079 3009041 703056 573044 5183199 387979 510079 3009041 703056 573044 5183199 1557540 3625659 16489 38263 51123 102516 156556 364947 5548146 5805571 0.65350 0.62560 X Form 990, Schedule A, Part II, Short Year Disclosure On the Foundation's Schedule A, Part II, Public Support Test, the 2018 column represents a short tax year, when the Foundation changed its tax year-end from December 31 to August 31. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 104 104 0 Part II-B, Line 1: The Foundation pays dues and membership fees to various professional associations designed to promote youth health and recreation. Some of these associations may allocate a portion their membership fees for lobbying expenditures. In its tax year ending August 31, 2023, the Foundation paid the Maine Youth Camp Association (MYCA) total dues of $1,087. The Foundation received notice from the MYCA that the amount of dues used by MYCA for lobbying purposes in 2023 was $104. 2178525 199744 213076 64338 2527007 2293295 147712 -212493 49989 2178525 940648 1248043 187563 82959 2293295 801738 107342 69696 34214 3914 940648 376009 477785 25890 76293 1653 801738 0.05450 0.88990 0.05560 0 0 2150000 2150000 857276 217902 639374 359138 141426 217712 54072 54072 3061158 Economic Injury Disaster Loan 500000 500000 X 2451345 271006 271006 2180339 23085 189850 212935 2393274 1403601 0 1403601 23085 189850 212935 1616536 Part V, Line 4: The Foundation's endowment is used to provide camperships to the camp for children of need. Part X, Line 2: The Foundation is exempt from federal and state income tax under section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been recorded in the financial statements. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board (FASB), assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. The Foundation has evaluated the position taken on its filed tax returns. The Foundation has not taken, nor does it expect to take any uncertain tax positions in any income tax return. Part XI, Line 4b - Other Adjustments: Camp scholarships included in revenue 189,850. Part XII, Line 4b - Other Adjustments: Camp scholarships included in revenue 189,850. 0 0 0 0 0 0 0 0 0 Camp Scholarship Europe (Including Iceland & Greenland) 1 7000 Reduction in tuition costs 0 0 0 0 0 0 Part III Accounting Method: Form 990, Schedule F, Part IV While the Organization may from time-to-time pay charitable grants in the form of scholarships and financial aid ("Camperships") to international campers, the Organization does not maintain any offices, employees, or investments outside of the United States. Accordingly, all questions on this Form 990, Schedule F, Part IV have been answered "no". X X X X 1 Demont Associates 2 Monument Square 700 Portland ME 04101 Fundraising Consultant 0 0 22000 0 22000 ME Schedule G, Part I, Line 2b, Column iv: The Foundation used professional fundraising consultants to provide advice and consultation as the Foundation developed its own fundraising strategies. No funds were raised by the professional fundraiser nor did they provide any services on behalf of the Foundation other than in a consulting capacity. Accordingly, no contributions have been shown in Schedule G, Part I, Line 2b, Column vi. 1 Camp Scholarships ("Camperships") 28 182850 Part I, Line 2: Camp scholarships ("Camperships") are awarded to campers based on their financial need and merit. The Foundation consults with various educational institutions, schools, state programs, and youth and family service organizations to find deserving campers who are in need of financial assistance. The Foundation works with campers and their families to ensure that otherwise eligible campers receive the necessary financial assistance that is required to attend the summer camp programs. The Foundation accounts for "Camperships" (camp tuition scholarships), tuition discounts, and fee remissions net of its tuition revenues in its audited financial statements. The Foundation maintains records to document and track which campers receive financial aid and at what amount. The Foundation also maintains endowment funds to provide financial aid to deserving and eligible campers in need, and openly advertises that financial aid opportunities are available on its website. X 0 0 X X X X 0 0 0 0 0 0 0 1 0 Garth Altenburg Director 119736 0 2500 0 0 0 3809 0 32669 0 158714 0 0 0 Part I, Line 1a Garth Altenburg, the Foundation's Director, is provided a cabin on-site at the camp through the camp-season. The responsibilities of Mr. Altenburg's position require him to be available and of service at all times during the camping season. The provision of housing to camp staff and directors is considered standard practice within the summer camp industry. Under Section 119 of the Internal Revenue Code, lodging furnished to an employee is excluded from gross income if the lodging is (A) provided for the convenience of the employer; (B) provided on-premises of the business and close in proximity to the area of service; and (C), the employee is required to accept such lodging as a condition of employment. Garth Altenburg would not be able to perform the duties of his position were he not living on the Foundation's camp-grounds. Mr. Altenburg's housing is furnished through a cabin at the camp's primary location, and is a required condition of his employment with the Foundation. Accordingly, the housing meets the IRC Section 119 conditions for exclusion from income. Part I, Line 1b Garth Altenburg, the Foundation's Director, is provided a cabin on-site at the camp through the camp-season. The responsibilities of Mr. Altenburg's position require him to be available and of service at all times during the camping season. The provision of housing to camp staff and directors is considered standard practice within the summer camp industry. Furthermore, Garth Altenburg would not be able to perform the duties of his position were he not living on the Foundation's campgrounds. Mr. Altenburg's housing is furnished through a cabin at the camp's primary location and is a required condition of his employment with the Foundation. In addition to being a widespread practice for organizations in this industry, the Organization's board is aware of and approves of this housing arrangement. While the Foundation does not have a formal written policy regarding this housing arrangement, it was the Organization's board that ultimately determined that such a housing benefit is necessary to the Foundation's accomplishment of its exempt, charitable purpose. Furthermore, outside of routine upkeep and maintenance of the cabin, which is included within general occupancy costs, the Foundation does not incur any expenses or reimburse any costs related to this housing allowance, or incur other specific costs on behalf of Mr. Altenburg related specifically to his lodging arrangements. Therefore, the Foundation has not deemed it necessary to have a formal, written expense substantiation policy or requirement for this housing benefit, and so Schedule J, questions 1b and 2 have both been answered "no". Part I, Line 7 The Organization may from time-to-time provide non-fixed payments in the form of bonuses, incentive awards, and incentive pay, based on measurable performance metrics and subject to standard compensation review and approval procedures. X 1 94000 Gift Date FMV X 4 51103 Gift Date FMV 1 0 0 1 Part I, Line 32b: The organization uses a financial services firm to sell donated publicly traded securities upon receipt. Form 990, Part VI, Section A, line 2 Two of the Foundation's trustees, David Suitor and Linda McGorrill Suitor, have a family relationship. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by the organization's outside CPA firm and a draft is provided to each board member for review prior to filing. Form 990, Part VI, Section B, line 12c 1. Duty to Disclose: In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and all material facts to the board of trustees. 2. Determining Whether a Conflict of Interest Exists: After disclosure of the financial interest and all material facts, the disinterested members of the board of trustees outside of the presence of the interested person shall decide if a conflict of interest exists. 3. Procedures for Addressing the Conflict of Interest: a. An interested person may make a presentation about the transaction or arrangement in which he/she has a conflict of interest at the board of trustees meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving a conflict of interest. b. When a conflict of interest has been determined, the chairperson of the board of directors shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. c. After exercising due diligence, the board of trustees shall determine whether the Foundation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. d. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board of trustees shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Foundation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. Form 990, Part VI, Section B, line 15a Director Altenburg's salary package was established after a review of comparable other positions in the Maine camping industry, and was approved by the Chairman and the Vice-Chairman of the board. Form 990, Part VI, Section C, line 19 These documents are available upon request. Form 990, Part XII, Line 2c: The audit process has not changed from the previous year.