2021-04-13T13:38:55-05:00 2020-08-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2019-09-01 352580434 Timanous Foundation TIMA 2076554569 PO Box 2886 South Portland ME 04116 Bill Leece Director 2076554569 2021-04-06 1 Connor Smart P02285543 2078792100 2021-03-26 2019 2022-09-23 18:48:47Z Garth Altenburg PO Box 2886 South Portland ME 04116 1167342 0 X https://www.timanous.org/ X 2016 ME Timanous Foundation is dedicated to providing a camp life that builds character and has lasting value for every boy. 14 12 63 20 0 0 387979 514079 1349816 0 16166 38263 0 0 1753961 552342 25 300 0 0 403190 390587 30000 1800 19589 501309 322039 934524 714726 819437 -162384 4454228 4799721 124270 557847 4329958 4241874 X Timanous Foundation is dedicated to providing a camp life that builds character and has lasting value for every boy. 0 1 371318 300 0 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. 371318 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 63 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 12 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 Garth Altenburg Director 40.00 0.00 X 110184 0 33010 Dave Suitor Trustee 15.00 0.00 X 102083 0 0 Kelly Dietel Trustee 15.00 0.00 X 0 0 0 Vinny Dotoli Trustee 15.00 0.00 X 0 0 0 Matthew Hoidal Trustee (end 10/19) 15.00 0.00 X 0 0 0 Fred Hollister 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 0 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 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 212267 0 33010 2 0 0 0 0 4000 510079 14829 514079 38263 38263 615000 615000 0 0 552342 0 0 38263 300 300 152087 38018 114069 197996 125140 72856 5184 2388 2796 9245 9245 26075 12265 13810 2628 2328 300 19000 19000 109 109 1800 1800 6161 6161 38520 1818 22785 13917 4906 4906 22637 3747 17004 1886 10763 7060 2017 1686 79635 70260 9375 7452 3891 3561 1143 533 610 860 860 76274 76010 264 35255 7940 27315 Camp youth programs 12703 12703 Dues and memberships 3993 3993 714726 371318 323819 19589 121941 75965 419067 235595 230400 68700 11941 10848 1453 8907 3096234 152548 2955397 2943686 714029 1456020 4454228 4799721 39937 31199 1000 268335 83333 25000 0 233313 124270 557847 X 3709881 3429943 620077 811931 4329958 4241874 4454228 4799721 X -162384 78300 -4000 X X 0 1 X 1 0 X 15500 980169 3164862 387979 510079 5058589 15500 980169 3164862 387979 510079 5058589 1925458 3133131 197 17738 16489 38263 72687 5131276 1349816 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 1 109 109 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, 2020, the Foundation paid the Maine Youth Camp Association (MYCA) total dues of $995. The Association confirmed with the Foundation that $109 of the total dues was used for lobbying purposes. 801738 107342 69696 34214 3914 940648 376009 477785 25890 76293 1653 801738 4000 396305 -88 24208 376009 4000 4000 0.19970 0.72110 0.07920 0 0 2150000 2150000 741931 92816 649115 204303 59732 144571 2943686 Paycheck Protection Program Loan 102913 Economic Injury Disaster Loan 130400 233313 X 624481 78300 78300 546181 6161 6161 552342 712565 4000 4000 708565 6161 6161 714726 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. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. 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 XII, Line 2d - Other Adjustments: Write-off of uncollectible gift-pledges 4,000. David W Suitor Trustee & Consulting Director Consultant to the Director of Camp Timanous X 175000 25000 0 1 1 25000 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 is a remaining balance due of $25,000; The final payment, as currently planned, is scheduled for August, 2021. The Suitors were issued a 1099-Misc for the fees paid to them during the 2019 calendar year, and they will receive an additional 1099-MISC for payments received during the 2020 calendar year. Form 990, Part III, line 3 On March 11, 2020, the World Health Organization declared the outbreak of coronavirus (COVID-19) a pandemic. Due to the pandemic, the Foundation was forced to cancel the 2020 summer camp sessions and to temporarily suspend most of its primary program-services. The Foundation has used this period of closure to plan for and to prepare future camp experiences that enhance the delivery of the Timanous mission. 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 -4,000. Form 990, Part XII, Line 2c: The audit process has not changed from the previous year. However, due to the Foundation's change in its tax year from December 31 to August 31 in a previous reporting period, the Foundation's tax year as covered by this Form 990 (for the year ending August 31, 2020) is the first tax year in which the Foundation's tax filing period covers the same reporting period as the Foundation's audited financial statements.