2019-11-15T09:57:45-06:00 2018-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2018-01-01 352580434 Timanous Foundation TIMA 2076554569 PO Box 2886 South Portland ME 04116 Bill Leece Treasurer 2076554569 2019-11-14 1 Nicholas E Porto P01310283 2078792100 2019-11-14 208.105.168.164 2019-11-14 12:24:30 ES P 89E582745F398AB9123794375B037D04AD0E63E3 86AD5A998A217BD7885303F5109AB5202568ED7D 2018 2020-04-17 16:48:07Z X Craig MacDonnell 800 Old Road to 9 Acre Corner Concord MA 01742 3965145 0 X www.timanousfoundation.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 4 12 0 0 980169 3164862 0 0 10047 18864 0 0 990216 3183726 0 750 0 0 0 262855 56094 118288 156735 71360 188431 127454 570324 862762 2613402 893643 3824695 15381 334874 878262 3489821 Timanous Foundation is dedicated to providing a camp life that builds character and has lasting value for every boy. 0 0 283157 750 0 Timanous 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 spiritThe Foundation supports this camp life by fostering high standards for counselors as role models and leaders, maintaining generational continuity of the camp community, and supporting opportunities to expand programming to reach economically diverse populations. 283157 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 8 0 1 4 1 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 Bill Leece Treasurer 2076554569 PO Box 2886 South Portland ME 04116 Jake Congleton Trustee 15.00 X 0 0 0 Vinny Dotoli Trustee 15.00 X 0 0 0 Matthew Hoidal Trustee 15.00 X 0 0 0 Fred Hollister Trustee 15.00 X 0 0 0 Timothy Morningstar Trustee 15.00 X 0 0 0 Brooks Motley Trustee 15.00 X 0 0 0 Michael Prior Trustee 15.00 X 0 0 0 Dave Suitor Trustee (eff. 10/18) 15.00 X 16666 0 0 Linda McGorrill Suitor Trustee (eff. 10/18) 15.00 X 0 0 0 Alan Washington Trustee 15.00 X 0 0 0 Craig MacDonnell Chairman 30.00 X X 0 0 0 David McElhinny Vice Chairman 15.00 X X 0 0 0 Bill Leece Treasurer 15.00 X X 0 0 0 Will Mayer Secretary 15.00 X X 0 0 0 Richard Howlett Secretary (end 4/18) 15.00 X X 0 0 0 Garth Altenburg Director (eff. 9/18) 40.00 X 38515 0 9484 55181 0 9484 0 0 0 0 The Kellogg Organization 825 Speer Boulevard 100D Denver CO 80218 Fundraising Consulting 109921 1 3164862 1283264 3164862 17738 17738 779445 3100 781419 0 -1974 3100 1126 1126 3183726 0 0 18864 750 750 222999 175000 47999 30732 25746 4986 672 672 3311 3027 284 5141 1970 3171 41963 11295 25622 5046 7893 7893 118288 118288 7941 210 1842 5889 11476 2910 8566 4834 2325 77 2432 13476 10883 2593 3077 652 1882 543 200 200 25425 25425 20336 13779 6557 Communications 37760 13223 24537 Closing Costs 8513 8513 Dues & Memberships 5537 5537 570324 283157 130432 156735 166753 236371 620890 417433 106000 182900 4697 6416 3002303 25425 0 2976878 893643 3824695 15381 15495 161046 158333 15381 334874 X 0 0 0 0 878262 3489821 878262 3489821 893643 3824695 X 2613402 -1843 X 0 0 0 X 15500 980169 3164862 4160531 15500 980169 3164862 4160531 1893301 2267230 197 17738 17935 4178466 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4000 396305 -88 24208 376009 4000 4000 0.00000 0.00000 1.00000 0 0 2150000 2150000 655000 21174 633826 196303 4251 192052 1000 1000 2976878 Part V, Line 4: The Foundation's endowment is used to provide scholarships to the camp for children of need. X X X X 1 Elizabeth Cahn 85 Windkist Farm Road North Andover MA 01845 Fundraising consulting 0 0 8367 -8367 The Kellogg Organization 825 E Speer Boulevard Suite 100 D Denver CO 80218 Fundraising consulting 0 0 109921 -109921 118288 -118288 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. David W Suitor Trustee & Consulting Director Consultant to the Director of Camp Timanous X 175000 158333 0 1 1 158333 David W Suitor Linda McGorrill S Trustees & Consulting Directors 2500000 In its 2018 Tax Year, David W. Suitor, with his wife Linda McGorrill Suitor, who are both Trustees of the Timanous Foundation, sold to the Timanous Foundation real estate property located in Raymond, Maine. This property was jointly owned between David and Linda. This real estate will ultimately become critical to the Foundation's operations. It was determined and agreed upon that the executed selling price of the property was $500,000 less than the appraised value of the lots being sold. Therefore, this transaction has also been disclosed and included on Form 990, Part VIII, Schedule B, and Schedule M. The amount of the transaction, as shown on Schedule L, Part IV, is the total gross selling price of the property less the $500,000 bargain-sale contribution. 0 Schedule L, Part II: In its 2018 Tax Year, David W. Suitor, with his wife Linda McGorrill Suitor, who are both Trustees of the Timanous Foundation, sold to the Timanous Foundation real estate property located in Raymond, Maine on which the camp is operated. As part of this transaction, the Foundation has agreed to pay $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. In 2018, two payments were made pursuant to this arrangement, for a total of $16,666. The Suitors were issued a 1099-Misc for the fees paid to them in 2018. X 8 783264 Stock Exchange Price X 1 500000 Appraised Value 1 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: Unrealized Loss on Donated Securities -1,843.