BURNS FAMILY FOUNDATION INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- BURNS FAMILY FOUNDATION INC (EIN 46-5671844)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2023-08-07
- IRS object ID
- 202332199349100063
- Schema version
- 2022v5.0
- 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
- Amortization Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-08-07T09:57:34-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 010425282 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM T RACINE CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 FRONT STREET | AddressLine1Txt |
| City | BATH | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04530 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 465671844 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BURNS FAMILY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BURN | BusinessNameControlTxt |
| Phone | 2075631700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6 | AddressLine1Txt |
| City | DAMARISCOTTA | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04543 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANN C MACFARLAND | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 2075631700 | PhoneNum |
| Signature | 2023-07-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ANN | PersonFirstNm |
| Person Last | MACFARLAND | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM RACINE | PreparerPersonNm |
| PTIN | P00055847 | PTIN |
| Phone | 2074435716 | PhoneNum |
| Preparation | 2023-07-27 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $9,982,525 | 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 | $34 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $34 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $205,269 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $205,269 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $115,288 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,146,565 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $115,288 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $320,591 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $320,591 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $20,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $4,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $16,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $38,000 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $38,000 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,540 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $2,540 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $35,682 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $35,682 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $6,954 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $311 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $1,245 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $3,762 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,190 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,225 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $106,938 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $41,183 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $59,010 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $704,476 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $704,476 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $811,414 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $41,183 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $763,486 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$490,823 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $279,408 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $18,258 | CashBOYAmt |
| Cash EOY | $19,559 | CashEOYAmt |
| Cash EOYFMV | $19,559 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $569,966 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $605,183 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $605,183 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $126,183 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $50,474 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $49,902 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $4,023,966 | CorporateStockBOYAmt |
| Corporate Stock EOY | $3,783,628 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $7,013,165 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,086,094 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,675,975 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,557,687 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $554,714 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $754,714 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $737,029 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $10,659 | OtherAssetsBOYAmt |
| Other Assets EOY | $9,312 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $7,389,840 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,898,845 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $9,982,525 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $1,522 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $1,350 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1,522 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,350 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $7,388,318 | RetainedEarningBOYAmt |
| Retained Earning EOY | $6,897,495 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $7,388,318 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,897,495 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $7,389,840 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,898,845 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $7,388,318 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$490,823 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $6,897,495 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $6,897,495 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (19 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| WELLS FARGO 3.45% | P | 2015-02-20 | 2023-02-13 | $100,000 | $102,500 | -$2,500 | -$2,500 |
| SALLIE MAE BANK 3.0% | P | 2018-04-12 | 2023-04-18 | $50,000 | $50,000 | $0 | $0 |
| POINT PLEASANT NJ 3.25% | P | 2013-08-05 | 2022-07-15 | $50,000 | $49,654 | $346 | $346 |
| NUCOR CORP 4.125% | P | 2015-07-01 | 2022-08-15 | $100,000 | $104,507 | -$4,507 | -$4,507 |
| UBS BANK 3.35% | P | 2018-10-28 | 2022-10-28 | $50,000 | $50,000 | $0 | $0 |
| AFLAC 3.25% | P | 2015-03-10 | 2022-10-14 | $100,000 | $101,462 | -$1,462 | -$1,462 |
| WELLPOINT 3.3% | P | 2015-05-21 | 2023-01-17 | $100,000 | $101,650 | -$1,650 | -$1,650 |
| UNIVERSITY OF MAINE 4.0% | P | 2020-03-20 | 2023-06-23 | $25,000 | $26,055 | -$1,055 | -$1,055 |
| WATSCO | P | 2017-01-26 | 2023-02-21 | $23,027 | $11,640 | $11,387 | $11,387 |
| ALPHABET | P | 2016-10-25 | 2023-02-21 | $18,412 | $8,288 | $10,124 | $10,124 |
| STRYKER CORP | P | 2016-11-22 | 2023-02-21 | $26,080 | $11,063 | $15,017 | $15,017 |
| APPLE COMPUTER | P | 2014-12-22 | 2023-02-21 | $22,279 | $4,221 | $18,058 | $18,058 |
| APPLE COMPUTER | P | 2014-12-22 | 2023-04-27 | $58,310 | $9,848 | $48,462 | $48,462 |
| WATSCO | P | 2017-01-26 | 2023-04-27 | $26,030 | $11,640 | $14,390 | $14,390 |
| ALPHABET | P | 2016-12-20 | 2023-04-27 | $26,905 | $10,174 | $16,731 | $16,731 |
| EQUINIX | P | 2020-12-18 | 2023-03-22 | $167,998 | $184,679 | -$16,681 | -$16,681 |
| EDWARDS LIFESCIENCES | P | 2020-06-22 | 2023-01-11 | $178,238 | $179,083 | -$845 | -$845 |
| TJK COS INC | P | 2022-06-28 | 2023-02-21 | $19,668 | $14,813 | $4,855 | $4,855 |
| CAPITAL GAINS DIVIDENDS | P | $4,618 | $4,618 | $4,618 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $115,288 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $3,884 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $3,884 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $3,884 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $8,099 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $8,099 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $4,215 | OverpaymentAmt |
| Applied To ES Tax | $4,215 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | ME | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | JOHN J LYNCH JR | IndividualWithBooksNm |
| Phone | 2075631700 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6 | AddressLine1Txt |
| City | DAMARISCOTTA | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04543 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| ANN C MCFARLAND | ||||||||
| PO BOX 1112 | DAMARISCOTTA | ME | 04543 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| ELIZABETH C GRAVES | ||||||||
| 5 COOPER WAY | WALPOLE | ME | 04573 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JOHN SCHIANCHI | ||||||||
| 154 LAKE STREET | SADDLE RIVER | NJ | 07458 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| JOHN J LYNCH | ||||||||
| PO BOX 6 | DAMARISCOTTA | ME | 04543 | EXECUTIVE DIRECTOR | 10.00 | $20,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $9,386,447 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $18,908 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $9,405,355 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $9,405,355 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $141,080 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $9,264,275 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $463,214 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $463,214 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $3,884 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $3,884 | TotalTaxAmt |
| Distributable Before Adj | $459,330 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $459,330 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $459,330 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $763,486 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $763,486 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $459,330 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $166,530 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $3,814 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $311,497 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $5,376 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $465,907 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $953,124 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $763,486 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $459,330 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $304,156 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,257,280 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $166,530 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,090,750 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $3,814 | ExcessFromYear4Amt |
| Excess From Year3 | $311,497 | ExcessFromYear3Amt |
| Excess From Year2 | $5,376 | ExcessFromYear2Amt |
| Excess From Year1 | $465,907 | ExcessFromYear1Amt |
| Excess From Current Year | $304,156 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | JOHN J LYNCH JR | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6 | AddressLine1Txt |
| City | DAMARISCOTTA | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04543 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2075631700 | RecipientPhoneNum |
| Form And Info And Materials | THE ORGANIZATION REQUIRES ALL POTENTIAL DONEES TO COMPLETE A GRANT APPLICATION FORM AVAILABLE AT THE ORGANIZATION'S ADDRESS OF RECORD. A COPY OF THE APPLICATION IS ATTACHED AND IT OUTLINES ALL OF THE INFORMATION REQUIRED TO BE SUBMITTED. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | THE FOUNDATION MAKES GRANTS FOR CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES, OR FOR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS, SUPPORT OF HEALTH CARE ORGANIZATIONS AND LIBRARIES, AND OTHER SUCH PURPOSES AS DEFINED WITHIN THE MEANING OF SECTION 501-C-3 OF THE INTERNAL REVENUE CODE. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (27 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CARING FOR KIDS IN BRISTOL | |||||||
| PO BOX 412 | NEW HARBOR | ME | 04554 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $5,000 |
| CENTRAL LINCOLN COUNTY ADULT & COMMUNITY EDUCATION | |||||||
| 767 MAIN STREET | DAMARISCOTTA | ME | 04543 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $25,000 |
| CENTRAL LINCOLN COUNTY AMBULANCE SERVICE | |||||||
| PO BOX 373 | DAMARISCOTTA | ME | 04543 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $50,000 |
| CHIP INC | |||||||
| PO BOX 6 | NEW HARBOR | ME | 04554 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $10,000 |
| COASTAL KIDS PRESCHOOL | |||||||
| 12 JACKIES TRAIL | DAMARISCOTTA | ME | 04543 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $20,000 |
| COASTAL RIVERS CONSERVATION TRUST | |||||||
| 3 ROUND TOP LANE | DAMARISCOTTA | ME | 04543 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $20,000 |
| COMMUNITY ENERGY FUND OF LINCOLN COUNTY | |||||||
| PO BOX 40 | BRISTOL | ME | 04539 | NONE | PUBLIC CHARITY | HEATING OIL AND ENERGY ASSISTANCE | $35,000 |
| ELDER CARE NETWORK OF LINCOLN COUNTY | |||||||
| PO BOX 652 | DAMARISCOTTA | ME | 04543 | NONE | PUBLIC CHARITY | GENERAL OPERATIONS SUPPORT | $20,000 |
| FOWA ANIMAL RESCUE INC | |||||||
| PO BOX 3701 | WAYNE | NJ | 07470 | NONE | PUBLIC CHARITY | SUPPORT OF VETERINARY PROGRAM | $30,000 |
| HEALTHY KIDS | |||||||
| 15 BELVEDERE RD | DAMARISCOTTA | ME | 04543 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $9,476 |
| LINCOLN ACADEMY | |||||||
| 81 ACADEMY HILL | NEWCASTLE | ME | 04553 | NONE | PUBLIC CHARITY | GENERAL OPERATIONS SUPPORT | $100,000 |
| LINCOLN COUNTY HISTORICAL ASSOCIATION | |||||||
| PO BOX 61 | WISCASSET | ME | 04578 | NONE | PUBLIC CHARITY | EDUCATIONAL OUTREACH | $10,000 |
| LINCOLN HEALTH | |||||||
| 35 MILES STREET | DAMARISCOTTA | ME | 04543 | NONE | PUBLIC CHARITY | SUPPORT OF THE HOSPITAL | $25,000 |
| MIDCOAST HUMANE SOCIETY | |||||||
| 30 RANGE ROAD | BRUNSWICK | ME | 04011 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $20,000 |
| MOBIUS INC | |||||||
| 319 MAIN STREET | DAMARISCOTTA | ME | 04543 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $30,000 |
| NEW HOPE WOMEN'S SHELTER | |||||||
| 111 NORTH MAIN STREET | SOLON | ME | 04979 | NONE | RELIGIOUS | SUPPORT OF NEW HOPE WOMEN'S SHELTER | $10,000 |
| OLYMPIA SNOWE WOMEN'S LEADERSHIP INSTITUTE | |||||||
| ONE CANAL PLAZA STE 501 | PORTLAND | ME | 04101 | NONE | PUBLIC CHARITY | PROGRAMS IN LINOLN COUNTY SCHOOLS | $50,000 |
| RUTHERFORD LIBRARY ASSOCIATION | |||||||
| PO BOX 145 | SOUTH BRISTOL | ME | 04568 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $5,000 |
| SKIDOMPHA LIBRARY ASSOCIATION | |||||||
| PO BOX 70 | DAMARISCOTTA | ME | 04543 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $25,000 |
| THE LINCOLN HOME | |||||||
| 22 RIVER ROAD | NEWCASTLE | ME | 04553 | NONE | PUBLIC CHARITY | RESIDENTS FINANCIAL ASSISTANCE FUND | $10,000 |
| TOWN OF SOUTH BRISTOL MAINE | |||||||
| 2024 STATE ROUTE 129 | SOUTH BRISTOL | ME | 04568 | NONE | GOVERNMENTAL ORGANIZ | ELEMENTARY SCHOOL ENRICHMENT PROGRAMS | $110,000 |
| A LIFE LINE | |||||||
| 71 SMYRNA CENTER ROAD | SMYRNA CENTER | ME | 04578 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $25,000 |
| CARPENTER'S BOAT SHOP | |||||||
| 440 OLD COUNTY ROAD | PEMAQUID | ME | 04558 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $15,000 |
| GOOD SHEPARD FOOD BANK | |||||||
| PO BOX 1807 | AUBURN | ME | 04211 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $10,000 |
| SERVICE DOG STRONG | |||||||
| 10 STACYS WAY | DENMARK | ME | 04022 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $25,000 |
| UNITED WAY OF MIDCOAST MAINE | |||||||
| 34 WING FARM PARKWAY | BATH | ME | 04530 | NONE | PUBLIC CHARITY | GENERAL SUPPORT OF CAMPAIGN | $5,000 |
| CENTRAL LINCOLN COUNTY YMCA | |||||||
| PO BOX 787 | DAMARISCOTTA | ME | 04543 | NONE | PUBLIC CHARITY | SUPPORT OF OPERATIONS | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $704,476 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $34 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $205,269 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $115,288 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $320,591 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $320,591 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $2,540 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $2,540 | DisbursementsCharitablePrpsAmt |
Amortization Schedule AmortizationSchedule
Amortization Schedule Detail AmortizationScheduleDetail (2 entries)
| Amortized ExpensesAmortizedExpensesDesc | Acquired Completed Or ExpendedAcquiredCompletedOrExpendedDt | AmortizedAmortizedAmt | Deduction For Prior YearsDeductionForPriorYearsAmt | Amortization PeriodAmortizationPeriodRt | Current Year AmortizationCurrentYearAmortizationAmt | Net Investment IncomeNetInvestmentIncomeAmt | Total AmortizationTotalAmortizationAmt |
|---|---|---|---|---|---|---|---|
| ORGANIZATION COSTS | 2014-12-01 | $10,870 | $5,498 | 180.000000000000 | $725 | $0 | $6,223 |
| ORGANIZATION COSTS | 2016-01-01 | $9,330 | $4,043 | 180.000000000000 | $622 | $0 | $4,665 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | SEE ATTACHED SCHEDULE | BondNm |
| EOY Book Value | $1,675,975 | EOYBookValueAmt |
| EOYFMV | $1,557,687 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | SEE ATTACHED SCHEDULE | StockNm |
| EOY Book Value | $3,783,628 | EOYBookValueAmt |
| EOYFMV | $7,013,165 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $0 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $50,474 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $49,902 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | NEGOTIABLE CERTIFICATES OF DEPOSIT | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $754,714 | BookValueAmt |
| EOYFMV | $737,029 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $38,000 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $38,000 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ORGANIZATION COSTS, NET | Desc |
| BOY Book Value | $10,659 | BOYBookValueAmt |
| EOY Book Value | $9,312 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| DIRECTORS & OFFICERS LIABILITY INSURANCE | $750 | $375 | $375 |
| CORPORATE FILING FEE | $35 | $0 | $35 |
| DUES AND PUBLICATIONS | $1,630 | $815 | $815 |
| AMORTIZATION | $1,347 | $0 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| ACCRUED PAYROLL TAXES AND WITHHOLDING | $1,522 | $0 |
| ACCRUED ESTIMATED EXCISE TAX | $0 | $1,350 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT ADVISORY FEES | CategoryTxt |
| Amt | $35,682 | Amt |
| Net Investment Income | $35,682 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PAYROLL TAXES | $1,556 | $311 | $1,245 |
| 990-PF CURRENT YEAR | $5,398 | $0 | $0 |
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