STAR OF HOPE INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- STAR OF HOPE INC (EIN 81-3141890)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-05-05
- IRS object ID
- 202201259349100410
- Schema version
- 2021v4.2
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-05T07:44:10-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 010523282 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berry Dunn McNeil & Parker LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1100 | AddressLine1Txt |
| City | Portland | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 041041100 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 813141890 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Star of Hope Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | STAR | BusinessNameControlTxt |
| Phone | 2079486499 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 143 | AddressLine1Txt |
| City | Rockland | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04841 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Lawrence Sterrs | PersonNm |
| Person Title | Chairman | PersonTitleTxt |
| Phone | 2079486499 | PhoneNum |
| Signature | 2022-05-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Lawrence | PersonFirstNm |
| Person Last | Sterrs | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Barbara J McGuan CPA | PreparerPersonNm |
| PTIN | P00219457 | PTIN |
| Phone | 2077752387 | PhoneNum |
| Preparation | 2022-05-04 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $6,892,242 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $2,535,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $107 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $107 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $41,507 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $40,809 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $4,000 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $4,000 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $4,000 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $107,158 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $239,652 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $5,127 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,200,000 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,200,000 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $3,887,772 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,250,043 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $514,251 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $514,251 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $87,038 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $87,038 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $263,567 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $67,835 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $195,732 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $12,767 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,280 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $43,962 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $43,962 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $12,177 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $12,177 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $338,075 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,082 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $254,546 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,271,837 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $70,197 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,107,706 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,272,837 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $70,197 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,108,706 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,614,935 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,179,846 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $406,616 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $490,704 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $490,704 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $85,615 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $47,354 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $47,354 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $262,054 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $216,832 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $216,832 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $1,642,428 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,984,775 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,984,775 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $193,535 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $217,752 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $217,752 | CorporateBondsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,399,825 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $1,393,588 | LandBOYAmt |
| Land EOY | $1,399,825 | LandEOYAmt |
| Land EOYFMV | $1,399,825 | LandEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,535,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,535,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $3,983,836 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,892,242 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,892,242 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $98,520 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $148,840 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $98,520 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $148,840 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $3,885,316 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $6,743,402 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,885,316 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,743,402 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,983,836 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,892,242 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,885,316 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,614,935 | ExcessRevenueOverExpensesAmt |
| Other Increases | $243,151 | OtherIncreasesAmt |
| Subtotal | $6,743,402 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $6,743,402 | 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 |
|---|---|---|---|---|---|
| Short Term Publicly Traded Securities | P | $19,230 | $25,526 | -$6,296 | -$6,296 |
| Long Term Publicly Traded Securities | P | $220,052 | $208,999 | $11,053 | $11,053 |
| Capital Gains Dividends | P | $370 | $370 | $370 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $5,127 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $16,400 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $16,400 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $16,400 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,480 | 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 | $4,480 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $11,920 | TaxDueAmt |
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 | starofhopefoundation.org | WebsiteAddressTxt |
| Individual With Books | Lori Roming | IndividualWithBooksNm |
| Phone | 2079486499 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 230 Main St | AddressLine1Txt |
| City | Unity | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04988 | 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 | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| 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 (5 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 |
|---|---|---|---|---|---|---|---|---|
| Lawrence Sterrs | ||||||||
| PO Box 143 | Rockland | ME | 04841 | Chairman | 40.00 | $0 | $0 | $0 |
| Kris Davidson | ||||||||
| PO Box 143 | Rockland | ME | 04841 | Treasurer | 2.00 | $0 | $0 | $0 |
| Patricia King | ||||||||
| PO Box 143 | Rockland | ME | 04841 | Secretary | 2.00 | $0 | $0 | $0 |
| Paul Bird | ||||||||
| PO Box 143 | Rockland | ME | 04841 | Director | 2.00 | $0 | $0 | $0 |
| Adam Weinberg | ||||||||
| PO Box 143 | Rockland | ME | 04841 | Director | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Silberman Zaretsky | |||||
| 145 East 5th St 8th Floor | New York | NY | 10022 | Legal | $230,861 |
| Eaton Peabody | |||||
| PO Box 1210 | Bangor | ME | 04402 | Legal | $221,474 |
| Rockport Building Partners | |||||
| 28 Mistic Avenue | Rockport | ME | 04856 | Construction | $174,840 |
| Unity Foundation | |||||
| PO Box 815 | Unity | ME | 04988 | Consulting | $150,000 |
| BerryDunn | |||||
| PO Box 1100 | Portland | ME | 04104 | Accounting | $68,700 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | The mission of the Star of Hope Foundation is to promote education of the visual arts through various means including exhibitions, a museum, artist-in-residence programs and other outreach endeavors. | Description1Txt |
| Expenses1 | $371,080 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Artwork from the estate of Robert Indiana | Description1Txt |
| Expenses1 | $2,535,000 | Expenses1Amt |
| Total | $2,535,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,221,224 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $347,093 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,568,317 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $2,568,317 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $38,525 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,529,792 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $126,490 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $126,490 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $16,400 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $16,400 | TotalTaxAmt |
| Distributable Before Adj | $110,090 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $110,090 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $110,090 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,108,706 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $2,535,000 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,643,706 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $110,090 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $282,380 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,579,826 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,862,206 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,643,706 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $110,090 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $3,533,616 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $6,395,822 | 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 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $6,395,822 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $282,380 | ExcessFromYear2Amt |
| Excess From Year1 | $2,579,826 | ExcessFromYear1Amt |
| Excess From Current Year | $3,533,616 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Vinalhaven School | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 22 Arcola Lane | AddressLine1Txt |
| City | Vinalhaven | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04863 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | Sponsorship of school trip to Boston for art-related tours and activities | GrantOrContributionPurposeTxt |
| Amt | $1,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,000 | 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 | $107 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $41,507 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $4,000 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $1,200,000 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $107,158 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,352,772 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,352,772 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Estate of Robert Indiana | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 Limerock Street | AddressLine1Txt |
| City | Rockland | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04841 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $2,535,000 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | Artwork | NoncashPropertyDesc |
| Fair Market Value | $2,535,000 | FairMarketValueAmt |
| Received | 2021-09-30 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting Services | CategoryTxt |
| Amt | $87,038 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $87,038 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (5 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 330 Shares of iSharesIboxxInvestmentGrade | $43,732 | $43,732 |
| 7779 Shares of VanguardShort-TermBondIndex | $82,532 | $82,532 |
| 3717 Shares of VanguardTotalBondMarketIndex | $41,598 | $41,598 |
| 155 Shares of iShares Barclays TIPS Bond ETF | $20,026 | $20,026 |
| 585 Shares of iShares 0-5 Year Investment Grade Corporate Bond ETF | $29,864 | $29,864 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (56 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 205 Shares of AccenturePLC CL A | $84,983 | $84,983 |
| 110 Shares of AdobeInc | $62,377 | $62,377 |
| 520 Shares of BCE Inc | $27,061 | $27,061 |
| 295 Shares of CheckPointSoftwareTechLTD | $34,385 | $34,385 |
| 235 Shares of ChubbLTD | $45,428 | $45,428 |
| 247 Shares of DukeEnergyCorp | $25,910 | $25,910 |
| 310 Shares of EdwardsLifesciencesCorp | $40,161 | $40,161 |
| 25 Shares of EquinixIncREIT | $21,146 | $21,146 |
| 1030 Shares of FinancialSelectSectorSPDR ETF | $40,222 | $40,222 |
| 295 Shares of GenuinePartsCO | $41,359 | $41,359 |
| 685 Shares of IntelCorp | $35,277 | $35,277 |
| 595 Shares of iSharesMSCI USA MinVolFactorETF | $48,135 | $48,135 |
| 230 Shares of Johnson& Johnson | $39,346 | $39,346 |
| 220 Shares of JP MorganChase& CO | $34,837 | $34,837 |
| 1535 Shares of KinderMorganInc | $24,345 | $24,345 |
| 200 Shares of LindePLC | $69,286 | $69,286 |
| 115 Shares of L3 HarrisTechnologiesInc | $24,523 | $24,523 |
| 180 Shares of McDonaldsCorp | $48,253 | $48,253 |
| 165 Shares of MedtronicPLC | $17,069 | $17,069 |
| 440 Shares of Merck& CO Inc | $33,722 | $33,722 |
| 250 Shares of MicrosoftCorp | $84,080 | $84,080 |
| 650 Shares of MondelezInternationalInc | $43,101 | $43,101 |
| 260 Shares of NextEraEnergyInc | $24,274 | $24,274 |
| 370 Shares of NovartisAG SPONS ADR | $32,364 | $32,364 |
| 415 Shares of OMNICOM Group | $30,407 | $30,407 |
| 280 Shares of PepsicoInc | $48,639 | $48,639 |
| 355 Shares of Procter& GambleCO | $58,071 | $58,071 |
| 115 Shares of PublicStorageIncREIT | $43,074 | $43,074 |
| 440 Shares of RepublicServicesInc | $61,358 | $61,358 |
| 50 Shares of S&P GlobalInc | $23,596 | $23,596 |
| 215 Shares of SyscoCorp | $16,888 | $16,888 |
| 390 Shares of T-MobileUS Inc | $45,232 | $45,232 |
| 730 Shares of TC EnergyCorp | $33,974 | $33,974 |
| 25 Shares of ThermoFisherScientificInc | $16,681 | $16,681 |
| 655 Shares of TJX CosInc | $49,728 | $49,728 |
| 600 Shares of TruistFinancialCorp | $35,130 | $35,130 |
| 615 Shares of US BancorpNew | $34,545 | $34,545 |
| 115 Shares of VertexPharmaceuticalsInc | $25,254 | $25,254 |
| 190 Shares of VisaIncCL A | $41,175 | $41,175 |
| 460 Shares of XylemInc | $55,163 | $55,163 |
| 300 Shares of ZoetisInc | $73,209 | $73,209 |
| 220 Shares of Alcon Inc. | $19,166 | $19,166 |
| 260 Shares of Ball Corp | $25,030 | $25,030 |
| 95 Shares of Costco Wholesale Corp | $53,931 | $53,931 |
| 75 Shares of Expeditors Intl Washington Inc | $10,072 | $10,072 |
| 130 Shares of Fidelity Natl Information Services | $14,189 | $14,189 |
| 55 Shares of Fortinet Inc. | $19,767 | $19,767 |
| 30 Shares of Home Depot, Inc. | $12,450 | $12,450 |
| 105 Shares of McCormick & Co. Inc. | $10,144 | $10,144 |
| 25 Shares of NVIDIA Corp | $7,353 | $7,353 |
| 235 Shares of Oracle Corporation | $20,494 | $20,494 |
| 44 Shares of Organon & Co | $1,340 | $1,340 |
| 245 Shares of Prologis Inc REIT | $41,248 | $41,248 |
| 240 Shares of Target Corporation | $55,546 | $55,546 |
| 65 Shares of Texas Instrument Inc. | $12,251 | $12,251 |
| 70 Shares of Quanta Services | $8,026 | $8,026 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $216,832 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $216,832 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $514,251 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $514,251 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Artwork | Desc |
| EOY Book Value | $2,535,000 | EOYBookValueAmt |
| EOYFMV | $2,535,000 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Membership Fees | $123 | $0 | $123 |
| Bank Fees | $652 | $0 | $652 |
| Advertising | $725 | $0 | $725 |
| Website | $761 | $0 | $761 |
| Office Supplies | $1,632 | $0 | $1,632 |
| Insurance | $12,533 | $1,082 | $11,451 |
| Art Collection Expenses | $108,624 | $0 | $108,624 |
| Repairs | $212,905 | $0 | $130,458 |
| Licenses | $120 | $0 | $120 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Royalty Income | Desc |
| Revenue And Expenses Per Books | $1,200,000 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $1,200,000 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,200,000 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unrealized gains | Desc |
| Amt | $243,151 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Fees | $20,480 | $20,480 | $0 |
| Administrative Services | $150,000 | $0 | $150,000 |
| Professional Fees | $68,537 | $47,355 | $21,182 |
| Collections Management | $24,550 | $0 | $24,550 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Foreign Taxes | $0 | $1,280 | $0 |
| Federal Excise Tax | $12,767 | $0 | $0 |
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