2022-01-11T15:38:30-06:00 2021-08-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2020-09-01 352580434 Timanous Foundation TIMA 2076554569 PO Box 2886 South Portland ME 04116 Garth Altenburg Director 2076554569 2022-01-10 1 Garth Altenburg 999009999 Connor Smart P02285543 2078792100 2022-01-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Garth Altenburg PO Box 2886 South Portland ME 04116 5886955 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. 16 14 58 22 0 0 514079 3009041 0 1334846 38263 47063 0 4060 552342 4395010 300 100 0 0 390587 558594 1800 148300 175046 322039 620836 714726 1327830 -162384 3067180 4799721 8199740 557847 516400 4241874 7683340 X Timanous Foundation is dedicated to providing a camp life that builds character and has lasting value for every boy. 0 0 876596 100 1334846 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. 876596 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 0 1 58 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X Garth Altenburg Director 2076554569 PO Box 2886 South Portland ME 04116 Dave Suitor Trustee 15.00 0.00 X 23295 0 0 Kelly Dietel Trustee 15.00 0.00 X 0 0 0 Vinny Dotoli Trustee 15.00 0.00 X 0 0 0 Fred Hollister Trustee 15.00 0.00 X 0 0 0 Jeanette Michael Trustee 15.00 0.00 X 0 0 0 Timothy Morningstar Trustee 15.00 0.00 X 0 0 0 Brooks Motley Trustee 15.00 0.00 X 0 0 0 Michael Prior Trustee 15.00 0.00 X 0 0 0 Linda McGorrill Suitor Trustee 15.00 0.00 X 17045 0 0 Kara Van Norden Trustee 15.00 0.00 X 0 0 0 Alan Washington Trustee 15.00 0.00 X 0 0 0 Bruce Wimberly Trustee 15.00 0.00 X 0 0 0 Craig MacDonnell Chairman 15.00 0.00 X X 0 0 0 David McElhinny Vice Chairman 15.00 0.00 X X 0 0 0 Bill Leece Treasurer 15.00 0.00 X X 0 0 0 Will Mayer Secretary 15.00 0.00 X X 0 0 0 Garth Altenburg Director 40.00 0.00 X 113293 0 42187 153633 0 42187 1 0 1 0 0 299469 2709572 185783 3009041 Tuition & Fees 721210 1334846 1334846 1334846 47063 47063 4060 0 4060 4060 4060 1491945 1491945 0 4395010 1334846 0 51123 100 100 156602 70400 70602 15600 347899 268801 79098 3762 1389 2373 11215 11215 39116 27215 11001 900 4910 4910 13075 13075 75 75 148300 148300 11505 11505 31486 9464 16107 5915 1779 1779 38732 16485 20354 1893 11063 7140 1485 2438 114580 107405 7175 29063 28919 144 2946 2612 334 4437 4437 68085 67821 264 44862 19109 25753 Food & Kitchen 101684 101684 Camp Youth Programs 66402 66402 COVID Response 31026 31026 Laundry & Bedding 24830 24830 20296 14579 5717 1327830 876596 276188 175046 75965 97185 235595 269123 68700 1361500 10848 22772 8907 20554 3118637 220632 2943686 2898005 1456020 3530601 4799721 8199740 31199 83058 268335 23685 25000 0 233313 409657 557847 516400 X 3429943 4935357 811931 2747983 4241874 7683340 4799721 8199740 X 3067180 384486 -10200 X X 0 1 X 1 0 X 980169 3164862 387979 510079 3009041 8052130 980169 3164862 387979 510079 3009041 8052130 3270281 4781849 197 17738 16489 38263 51123 123810 8175940 2684662 0.58490 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 75 75 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, 2021, the Foundation paid the Maine Youth Camp Association (MYCA) total dues of $2,021. The Foundation received notice from the MYCA that the amount of dues used by MYCA for lobbying purposes in 2021 was $75. 940648 1248043 187563 82959 2293295 801738 107342 69696 34214 3914 940648 376009 477785 25890 76293 1653 801738 4000 396305 -88 24208 376009 4000 4000 0.05660 0.84000 0.10340 0 0 2150000 2150000 759877 135130 624747 208760 85502 123258 2898005 Paycheck Protection Program Loan 279257 Economic Injury Disaster Loan 130400 409657 X 4757791 384486 384486 4373305 11505 10200 21705 4395010 1316325 0 1316325 11505 11505 1327830 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: Write-off of uncollectible gift-pledges 10,200. X X X X 1 Demont & Associates Inc 2 Monument Square Suite 700 Portland ME 04101 Campaign planning and consulting services 0 0 148300 0 148300 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. X 0 0 X X X X 0 0 0 0 0 0 0 0 0 Garth Altenburg Director 113293 0 0 0 0 0 3583 0 38604 0 155480 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 may 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. David W Suitor Trustee & Consulting Director Consultant to the Director of Camp Timanous X 175000 0 0 1 1 Schedule L, Part II: In the Foundation's tax year ending December 31, 2018, David W. Suitor and Linda McGorrill Suitor, who are both Trustees on the Foundation's Board, sold to the Foundation real estate located in Raymond, Maine, on which the camp is operated. As part of this transaction, the Foundation originally agreed to pay a total of $175,000 ($8,333 per month for the first year and then $6,250 thereafter) to the Suitors for consulting and management fees related to the operation of the property. However, the COVID-19 Pandemic forced the Foundation to close its summer camp for the 2020 season. The Suitors agreed to continue their consulting services into the 2021 camp season and fiscal year, with no change to the originally agreed upon fee. As of August 31, 2020, there was a remaining balance due of $25,000. The final payment was made during the year ending August 31, 2021. The Suitors were issued a 1099-NEC for the fees paid to them during the 2020 calendar year. The amounts paid to the Suitors per their 2020 Form 1099 is reflected on the Foundation's 2020 Form 990, Part VII. X 9 185783 Gift-date FMV 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 XI, line 9: Write-off of uncollectible gift-pledges -10,200. Form 990, Part XII, Line 2c: The audit process has not changed from the previous year.