MAURICE W & LEILA M FORSTER TRUST: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: MAURICE W & LEILA M FORSTER TRUST (EIN 01-6036049)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-04-29
IRS object ID: 202511199349100531
Schema version: 2024v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Other Assets Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-04-29T12:04:04-04:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	851204190	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	D MARTINES & ASSOCIATES LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 94	AddressLine1Txt
City	YARMOUTH	CityNm
State Abbreviation	ME	StateAbbreviationCd
ZIP	04096	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	016036049	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MAURICE & LELIA FORSTER FUND	BusinessNameLine1Txt
Business Name Line2	PORTLAND TRUST CO LLC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	MAUR	BusinessNameControlTxt
Phone	2075586224	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2 MONUMENT SQUARE SUITE 703	AddressLine1Txt
City	PORTLAND	CityNm
State Abbreviation	ME	StateAbbreviationCd
ZIP	04101	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PORTLAND TRUST COMPANY	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Signature	2025-04-30	SignatureDt

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DAVID MARTINES	PreparerPersonNm
PTIN	P00853556	PTIN
Phone	2078199797	PhoneNum
Preparation	2025-04-28	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Organization4947a1 Trtd PF	Yes (X)	Organization4947a1TrtdPFInd
FMV Assets EOY	$642,563	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$10,887	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$10,887	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$9,349	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$9,349	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$3,231	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$343,242	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$3,231	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$23,467	TotalRevAndExpnssAmt
Total Net Invst Incm	$23,467	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$6,992	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$3,496	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$3,496	CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$995	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$498	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$497	AccountingFeesChrtblPrpsAmt
Tot Opr Expenses Rev And Expnss	$7,987	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$3,994	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$3,993	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$19,992	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$19,992	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$27,979	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$3,994	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$23,985	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$4,512	ExcessRevenueOverExpensesAmt
Net Investment Income	$19,473	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Other Assets BOY	$450,902	OtherAssetsBOYAmt
Other Assets EOY	$446,390	OtherAssetsEOYAmt
Other Assets EOYFMV	$642,563	OtherAssetsEOYFMVAmt
Total Assets BOY	$450,902	TotalAssetsBOYAmt
Total Assets EOY	$446,390	TotalAssetsEOYAmt
Total Assets EOYFMV	$642,563	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$450,902	CapitalStockBOYAmt
Capital Stock EOY	$446,390	CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY	$450,902	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$446,390	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$450,902	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$446,390	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$450,902	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$4,512	ExcessRevenueOverExpensesAmt
Subtotal	$446,390	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$446,390	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PORTLAND TRUST CO - VARIOUS	P	$8,183	$9,032	-$849	-$849
PORTLAND TRUST CO - VARIOUS	P	$144,153	$144,008	$145	$145
PORTLAND TRUST CO - VARIOUS	P	$190,906	$186,971	$3,935	$3,935

Field	Value	IRS element (for citing)
Capital Gain Net Income	$3,231	CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss	$145	NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$271	InvestmentIncomeExciseTaxAmt
Subtotal	$271	SubtotalAmt
Tax Based On Investment Income	$271	TaxBasedOnInvestmentIncomeAmt
Tax Due	$271	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	PORTLAND TRUST COMPANY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2075586224	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	2 MONUMENT SQUARE SUITE 703	AddressLine1Txt
City	PORTLAND	CityNm
State Abbreviation	ME	StateAbbreviationCd
ZIP	04101	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	Yes (true)	UndistributedIncomePYInd
Undistributed Income PY1	2023	UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 Not App	Yes (true)	UndistrIncmSect4942a2NotAppInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PORTLAND TRUST COMPANY	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2 MONUMENT SQUARE SUITE 703	AddressLine1Txt
City	PORTLAND	CityNm
State Abbreviation	ME	StateAbbreviationCd
ZIP	04101	ZIPCd

Field	Value	IRS element (for citing)
Title	TRUSTEE	TitleTxt
Average Hrs Per Wk Devoted To Pos	2.00	AverageHrsPerWkDevotedToPosRt
Compensation	$6,992	CompensationAmt
Employee Benefit Program	$0	EmployeeBenefitProgramAmt
Expense Account Other Allwnc	$0	ExpenseAccountOtherAllwncAmt

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$628,050	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$0	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$628,050	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$628,050	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$9,421	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$618,629	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$30,931	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$30,931	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$271	TaxBasedOnInvestmentIncomeAmt
Total Tax	$271	TotalTaxAmt
Distributable Before Adj	$30,660	DistributableBeforeAdjAmt
Distributable Before Ded	$30,660	DistributableBeforeDedAmt
Distributable As Adjusted	$30,660	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$23,985	ExpensesAndContributionsAmt
Qualifying Distributions	$23,985	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$30,660	DistributableAsAdjustedAmt
Undistributed Income PY	$27,376	UndistributedIncomePYAmt
Qualifying Distributions	$23,985	QualifyingDistributionsAmt
Applied To Year1	$23,985	AppliedToYear1Amt
Taxable2	$3,391	Taxable2Amt
Undistributed Income CY	$30,660	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
GOODWILL HOME ASSOCIATION
PO BOX 159	HINCKLEY	ME	04944	NONE	PC	UNRESTRICTED	$4,998
MAINE CHILDREN'S HOME FOR
93 SILVER STREET	WATERVILLE	ME	04901	NONE	PC	UNRESTRICTED	$4,998
MAINE BEHAVIORAL HEALTHCARE
78 ATLANTIC PLACE	SOUTH PORTLAND	ME	04106	NONE	PC	UNRESTRICTED	$4,998
WAYFINDER SCHOOLS
215 GLOUCESTER HILL RD	NEW GLOUCESTER	ME	04260	NONE	PC	UNRESTRICTED	$4,998

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$19,992	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$10,887	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$9,349	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$3,231	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$23,467	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$23,467	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$995	Amt
Net Investment Income	$498	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$497	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Field	Value	IRS element (for citing)
Desc	INVESTMENT SECURITIES	Desc
BOY Book Value	$450,902	BOYBookValueAmt
EOY Book Value	$446,390	EOYBookValueAmt
EOYFMV	$642,563	EOYFMVAmt

MAURICE W & LEILA M FORSTER TRUST: Form 990PF, tax year 2024

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

Business Name BusinessName

US Address USAddress

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Comments