FRANCIS T & LOUISE T NICHOLS FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
FRANCIS T & LOUISE T NICHOLS FOUNDATION (EIN 01-0493311)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-17
IRS object ID
202131379349102433
Schema version
2020v4.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-05-17T15:29:36-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN010522896PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LAWRENCE & GAGNON CPAS PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16 STATE ST STE 500AddressLine1Txt
CityBANGORCityNm
State AbbreviationMEStateAbbreviationCd
ZIP044015139ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN010493311EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FRANCIS T & LOUIS T NICHOLSBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFRANBusinessNameControlTxt
Phone2079470111PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1210AddressLine1Txt
CityBANGORCityNm
State AbbreviationMEStateAbbreviationCd
ZIP044021210ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCALVIN TRUEPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2079470111PhoneNum
Signature2021-05-17SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCALVINPersonFirstNm
Person LastTRUEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLINDA A LAWRENCEPreparerPersonNm
PTINP00024336PTIN
Phone2079901887PhoneNum
Preparation2021-05-17PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$40,995,026FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$765,576DividendsRevAndExpnssAmt
Dividends Net Invst Incm$765,576DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$990,612NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$3,801,163GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$990,612CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,756,188TotalRevAndExpnssAmt
Total Net Invst Incm$1,756,188TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$124,654CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$124,654CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$124,654CompOfcrDirTrstDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$49,808OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$49,808OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$49,808OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$25,165TaxesRevAndExpnssAmt
Taxes Net Invst Incm$25,165TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$25,165TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$199,627TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$199,627TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$199,627TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$2,424,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,424,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,623,627TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$199,627TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$2,623,627TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$867,439ExcessRevenueOverExpensesAmt
Net Investment Income$1,556,561NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$781,741CashBOYAmt
Cash EOY$1,890,368CashEOYAmt
Cash EOYFMV$1,890,369CashEOYFMVAmt
US Government Obligations BOY$105,512USGovernmentObligationsBOYAmt
US Government Obligations EOY$105,512USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$102,219USGovtObligationsEOYFMVAmt
Corporate Stock BOY$15,796,383CorporateStockBOYAmt
Corporate Stock EOY$14,450,642CorporateStockEOYAmt
Corporate Stock EOYFMV$37,865,318CorporateStockEOYFMVAmt
Corporate Bonds BOY$1,616,133CorporateBondsBOYAmt
Corporate Bonds EOY$1,059,491CorporateBondsEOYAmt
Corporate Bonds EOYFMV$1,137,120CorporateBondsEOYFMVAmt
Total Assets BOY$18,299,769TotalAssetsBOYAmt
Total Assets EOY$17,506,013TotalAssetsEOYAmt
Total Assets EOYFMV$40,995,026TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$18,299,769CapitalStockBOYAmt
Capital Stock EOY$17,506,013CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$18,299,769TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$17,506,013TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$18,299,769TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$17,506,013TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$18,299,769TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$867,439ExcessRevenueOverExpensesAmt
Other Increases$73,683OtherIncreasesAmt
Subtotal$17,506,013SubtotalAmt
Tot Net Ast Or Fund Balances EOY$17,506,013TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$990,612CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$21,636InvestmentIncomeExciseTaxAmt
Subtotal$21,636SubtotalAmt
Tax Based On Investment Income$21,636TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$507EsPenaltyAmt
Tax Due$22,143TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateMEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksCALVIN TRUEIndividualWithBooksNm
Phone2079470111PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1210AddressLine1Txt
CityBANGORCityNm
State AbbreviationMEStateAbbreviationCd
ZIP044021210ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
SUSAN THIBAULT
546 SPEAR STREETCHARLOTTEVT05445TRUSTEE2.00$0$0$0
WILLIAM NICHOLS
417 PETTINGILL ROADESSEX JCTVT05452TRUSTEE2.00$0$0$0
CALVIN TRUE
PO BOX 1210BANGORME044021210TRUSTEE6.00$124,654$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$35,465,700AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,592,000AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$37,057,700TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$37,057,700AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$555,866CashDeemedCharitableAmt
Net Vl Noncharitable Assets$36,501,834NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,825,092MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,825,092MinimumInvestmentReturnAmt
Tax Based On Investment Income$21,636TaxBasedOnInvestmentIncomeAmt
Total Tax$21,636TotalTaxAmt
Distributable Before Adj$1,803,456DistributableBeforeAdjAmt
Distributable Before Ded$1,803,456DistributableBeforeDedAmt
Distributable As Adjusted$1,803,456DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,623,627ExpensesAndContributionsAmt
Qualifying Distributions$2,623,627QualifyingDistributionsAmt
Adjusted Qualifying Distri$2,623,627AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,803,456DistributableAsAdjustedAmt
Qualifying Distributions$2,623,627QualifyingDistributionsAmt
Applied To Current Year$1,803,456AppliedToCurrentYearAmt
Undistributed Income CY$0UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonCALVIN E TRUERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1210AddressLine1Txt
CityBANGORCityNm
State AbbreviationMEStateAbbreviationCd
ZIP044021210ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2079470111RecipientPhoneNum
Recipient Email AddressCTRUE@EATONPEABODY.COMRecipientEmailAddressTxt
Form And Info And MaterialsOPEN APPLICATIONFormAndInfoAndMaterialsTxt
Submission DeadlinesDECEMBER 1ST.SubmissionDeadlinesTxt
Restrictions On AwardsMAINE AND VERMONT ARE PRIORITIESRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1MAINE MARITIME MUSEUMBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1243 WASHINGTON STREETAddressLine1Txt
CityBATHCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04530ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeDONATIONGrantOrContributionPurposeTxt
Amt$8,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$8,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$990,612RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$990,612RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$990,612TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmtAcquiredAcquiredDtSoldSoldDt
SEE LISTPURCHASE$3,551,163$2,560,551$990,612
SENIOR HOUSING PROPEPURCHASE$250,000$250,0002019-052020-04

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondCORPORATE BONDSBondNm
EOY Book Value$1,059,491EOYBookValueAmt
EOYFMV$1,137,120EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCORPORATE STOCKStockNm
EOY Book Value$14,450,642EOYBookValueAmt
EOYFMV$37,865,318EOYFMVAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$105,512USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$102,219USGovtObligationsEOYFMVAmt

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