BETA

GRACE BUTNAM FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
GRACE BUTNAM FOUNDATION (EIN 22-2672858)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-07-17
IRS object ID
201821989349100017
Schema version
2017v2.3
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)
Return2018-07-17T09:49:26-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN010459941PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DAWSON SMITH PURVIS & BASSETT PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line115 CASCO STREETAddressLine1Txt
CityPORTLANDCityNm
State AbbreviationMEStateAbbreviationCd
ZIP041012902ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN222672858EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GRACE BUTNAM FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGRACBusinessNameControlTxt
Phone2078924000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 40AddressLine1Txt
CitySOUTH WINDHAMCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04082ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEANETTE HAGENPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2078924000PhoneNum
Signature2018-07-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERIC A PURVISPreparerPersonNm
PTINP00151306PTIN
Phone2078740355PhoneNum
Preparation2018-07-17PreparationDt
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
PF Status Term Sect507b1 AYes (X)PFStatusTermSect507b1AInd
Final ReturnYes (X)FinalReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$58,273DividendsRevAndExpnssAmt
Dividends Net Invst Incm$58,273DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$336,862NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$886,233GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss-$278,589TotalRevAndExpnssAmt
Total Net Invst Incm$58,273TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$8,707CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$2,612CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$6,095CompOfcrDirTrstDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$3,456PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$1,036PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$2,420PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss$67,349LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$20,205LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$47,144LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$3,241AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$972AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$2,269AccountingFeesChrtblPrpsAmt
Interest Rev And Expnss$68InterestRevAndExpnssAmt
Interest Net Invst Incm$68InterestNetInvstIncmAmt
Interest Dsbrs Chrtbl$0InterestDsbrsChrtblAmt
Taxes Rev And Expnss$10,473TaxesRevAndExpnssAmt
Taxes Net Invst Incm$2,908TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$5,895TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$1,824DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$1,191DeprecAndDpltnNetInvstIncmAmt
Other Expenses Rev And Expnss$55,262OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$21,262OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$34,000OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$150,380TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$50,254TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$97,823TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$2,190,620ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,190,620ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,341,000TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$50,254TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$2,288,443TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,619,589ExcessRevenueOverExpensesAmt
Net Investment Income$8,019NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$173,986CashBOYAmt
Sav And Temp Cash Invst BOY$4,750SavAndTempCashInvstBOYAmt
Other Nts And Loans Rcvbl BOY$118,858OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$0OtherNtsAndLoansRcvblEOYFMVAmt
Corporate Stock BOY$770,173CorporateStockBOYAmt
Corporate Stock EOY$0CorporateStockEOYAmt
Corporate Stock EOYFMV$0CorporateStockEOYFMVAmt
Corporate Bonds BOY$85,131CorporateBondsBOYAmt
Corporate Bonds EOY$0CorporateBondsEOYAmt
Corporate Bonds EOYFMV$0CorporateBondsEOYFMVAmt
Land Bldg Investments BOY$976,688LandBldgInvestmentsBOYAmt
Other Investments BOY$17,041OtherInvestmentsBOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Other Investments EOYFMV$0OtherInvestmentsEOYFMVAmt
Land BOY$58,265LandBOYAmt
Land EOY$0LandEOYAmt
Land EOYFMV$0LandEOYFMVAmt
Other Assets BOY$3,342OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$2,208,234TotalAssetsBOYAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$3,423,175AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY-$1,214,941RetainedEarningBOYAmt
Retained Earning EOY$0RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,208,234TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$0TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,208,234TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$0TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,208,234TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,619,589ExcessRevenueOverExpensesAmt
Other Increases$515,191OtherIncreasesAmt
Subtotal$103,836SubtotalAmt
Other Decreases$103,836OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$0TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtDepreciationDepreciationAmt
PUBLICLY TRADED SECURITIES$336,233$270,606$65,627$65,627
SULLIVAN REAL ESTATE$550,000$1,036,096-$402,489-$402,489D2002-03-032017-07-14$83,607
FieldValueIRS element (for citing)
Capital Gain Net Income-$336,862CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$164,332AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,418,598NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.115841DistributionYr1Rt
Adjusted Qlfy Distri Yr2$150,008AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,596,051NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.093987DistributionYr2Rt
Adjusted Qlfy Distri Yr3$139,803AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,445,176NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.096738DistributionYr3Rt
Adjusted Qlfy Distri Yr4$124,161AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,400,104NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.088680DistributionYr4Rt
Adjusted Qlfy Distri Yr5$122,672AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,345,254NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.091189DistributionYr5Rt
Total Distribution0.486435TotalDistributionRt
Average Distribution0.097287AverageDistributionRt
Net Vl Noncharitable Assets$1,607,468NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$156,386AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$80NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$156,466AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$2,288,443QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$80InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$80SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$80TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,320EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$1,320TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$1,240OverpaymentAmt
Applied To ES Tax$0AppliedToESTaxAmt
Refund$1,240RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved EtcYes (1)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateNHOrgReportOrRegisterStateCd
Org Report Or Register StateMEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressNONEWebsiteAddressTxt
Individual With BooksPAULA COOPERIndividualWithBooksNm
Phone2078924000PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 40AddressLine1Txt
CitySOUTH WINDHAMCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04082ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (1)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
AUGUST J VALENTI MD
41 JACKSON ROADPOLAND SPRINGME04274TREASURER0.20$0$0$0
JEANETTE HAGEN ESQ
107 BREAKWATER FARM ROADCAPE ELIZABETHME04107PRESIDENT & SECRETARY0.20$0$0$0
PAULA COOPER
PO BOX 40SOUTH WINDHAMME04082ASST. TREASURER4.00$8,707$0$0
MARILYN GOUDREAU
30 DUTTON HILL ROADSOUTH WINDHAMME04062DIRECTOR0.20$0$0$0
RACHEL FLAHERTY DVM
59 READ STREETPORTLANDME04103DIRECTOR0.20$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,260,741AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$371,206AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,631,947TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,631,947AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$24,479CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,607,468NetVlNoncharitableAssetsAmt
Minimum Investment Return$80,373MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$80,373MinimumInvestmentReturnAmt
Tax Based On Investment Income$80TaxBasedOnInvestmentIncomeAmt
Total Tax$80TotalTaxAmt
Distributable Before Adj$80,293DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$80,293DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$80,293DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,288,443ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$2,288,443QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$80PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$2,288,363AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$80,293DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$55,675ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$55,086ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$69,020ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$72,143ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$96,040ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$347,964TotalExcessDistributionCyovAmt
Qualifying Distributions$2,288,443QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$80,293AppliedToCurrentYearAmt
Remaining Distri From Corpus$2,208,150RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$2,556,114TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$55,675ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$2,500,439ExcessDistriCyovToNextYrAmt
Excess From Year4$55,086ExcessFromYear4Amt
Excess From Year3$69,020ExcessFromYear3Amt
Excess From Year2$72,143ExcessFromYear2Amt
Excess From Year1$96,040ExcessFromYear1Amt
Excess From Current Year$2,208,150ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MAINE STATE SOCIETY FOR THE PROTECTION OF ANIMALS
279 RIVER ROADWINDHAMME04082501(C)(3)TO HELP AND PROVIDE FOR ANIMALS WHICH ARE RESCUED FROM NEGLECT AND ABUSE - ANNUAL DISTRIBUTION$75,000
FRIENDS OF THE MANCHESTER ANIMAL SHELTER
490 DUNBARTON ROADMANCHESTERNH03102501(C)(3)TO HELP AND PROVIDE FOR ANIMALS WHICH ARE RESCUED FROM NEGLECT AND ABUSE$50,000
ROCKIN T EQUINE RESCUE
60 EDGECOMB ROADLISBON FALLSME04252501(C)(3)TO HELP AND PROVIDE FOR ANIMALS WHICH ARE RESCUED FROM NEGLECT AND ABUSE$10,000
MAINE STATE SOCIETY FOR THE PROTECTION OF ANIMALS
279 RIVER ROADWINDHAMME04082501(C)(3)TO HELP AND PROVIDE FOR ANIMALS WHICH ARE RESCUED FROM NEGLECT AND ABUSE - LIQUIDATING DISTRIBUTIONS$2,055,620
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$2,190,620TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$58,273ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$336,862ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion-$278,589ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$278,589TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX RETURN PREPARATIONCategoryTxt
Amt$3,241Amt
Net Investment Income$972NetInvestmentIncomeAmt
Disbursements Charitable Prps$2,269DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (35 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmt
BUILDING IMPROVEMENTS2005-01-19$2,860$2,860200DB7.000000000000$0$0
BUILDING IMPROVEMENTS2006-11-01$4,857$1,266SL39.000000000000$67$67
BUILDING IMPROVEMENTS2006-12-11$2,113$542SL39.000000000000$29$29
BUILDING IMPROVEMENTS2007-01-17$4,965$1,265SL39.000000000000$69$69
BUILDING IMPROVEMENTS2007-03-02$5,514$1,381SL39.000000000000$77$77
BUILDING IMPROVEMENTS2007-03-19$2,630$656SL39.000000000000$37$37
BUILDING IMPROVEMENTS2007-04-02$2,893$719SL39.000000000000$40$40
BUILDING IMPROVEMENTS2007-10-23$8,750$2,063SL39.000000000000$122$122
BUILDING IMPROVEMENTS2008-01-01$7,264$1,666SL39.000000000000$101$101
BUILDING IMPROVEMENTS2008-02-07$4,872$1,109SL39.000000000000$68$68
BUILDING IMPROVEMENTS2008-03-05$4,861$1,099SL39.000000000000$68$68
BUILDING IMPROVEMENTS2008-04-29$2,361$531SL39.000000000000$33$33
BUILDING IMPROVEMENTS2008-08-28$1,530$327SL39.000000000000$21$21
OFFICE IMPROVEMENTS2009-07-01$18,687$3,573SL39.000000000000$459$459
FURNITURE/REPAIRS2003-07-01$50,949$50,949200DB7.000000000000$0$0
SULLIVAN REPAIRS2003-07-01$67,391$67,391200DB7.000000000000$0$0
FURNITURE & FIXTURES2005-09-20$657$657200DB7.000000000000$0$0
FURNITURE & FIXTURES2005-11-09$274$274200DB7.000000000000$0$0
RUG2006-10-26$482$482200DB7.000000000000$0$0
FURNITURE & FIXTURES2007-04-30$669$669SL7.000000000000$0$0
FURNITURE & FIXTURES2007-05-15$880$880SL7.000000000000$0$0
FURNITURE & FIXTURES2007-01-30$1,055$1,055SL7.000000000000$0$0
PASTURE FENCES2007-06-30$42,945$42,945SL7.000000000000$0$0
CARPET2009-01-26$894$894SL7.000000000000$0$0
CARPET2009-02-26$357$357SL7.000000000000$0$0
EQUIPMENT2003-08-31$5,440$5,440200DB7.000000000000$0$0
EQUIPMENT2003-01-01$8,041$8,041200DB7.000000000000$0$0
EQUIPMENT2007-01-04$947$947200DB5.000000000000$0$0
COMPUTER2008-09-08$2,386$2,386200DB5.000000000000$0$0
LAPTOP2009-03-04$418$418200DB5.000000000000$0$0
PRINTERS2009-12-21$379$379200DB5.000000000000$0$0
DELL DESKTOP COMPUTER2010-10-14$907$907SL5.000000000000$0$0
KYOCERA COLOR COPIER2010-11-19$5,245$5,245SL5.000000000000$0$0
COMPUTER EQUIPMENT2011-12-06$1,015$1,015SL5.000000000000$0$0
COPIER - KYOCERA 3051CI2014-06-17$6,330$3,165SL5.000000000000$633$0

Dissolution Stmt DissolutionStmt

Dissolution Information DissolutionInformationGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdShort ExplanationShortExplanationTxtDissolutionDissolutionAmt
MAINE STATE SOCIETY FOR THE PROTECTION OF ANIMALS
279 RIVER ROADWINDHAMME04082506,817 CASH1,347,946 PUBLICLY TRADED SECURITIES97,688 LAND LOCATED IN WINDHAM, MAINE85,983 REMAINING BALANCE ON NOTE RECEIVABLE FROM SACO RIVER HYDRO, LLC17,186 FIXED ASSETS$2,055,620
FRIENDS OF THE MANCHESTER ANIMAL SHELTER
490 DUNBARTON ROADMANCHESTERNH0310250,000 CASH$50,000

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART XV, LINE 3AFormAndLineReferenceDesc
Medium ExplanationMARILYN GOODREAU, DIRECTOR OF GRACE BUTNAM FOUNDATION, IS ALSO THE PRESIDENT OF THE MAINE STATE SOCIETY FOR THE PROTECTION OF ANIMALS (MSSPA). THE MSSPA IS A 501(C)(3) ORGANIZATION THAT RECEIVES GRANTS FROM GRACE BUTNAM FOUNDATION.MediumExplanationTxt

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationTHE FOUNDATION IS TERMINATING UNDER SECTION 507(B)(1)(A), AND $2,105,620 OF ASSETS HAVE BEEN DISTRIBUTED TO SECTION 509(A)(1) PUBLIC CHARITIES TO DATE. AS OF DECEMBER 31, 2017, THE FOUNDATION HAD $103,835 OF CASH REMAINING TO PAY ITS FINAL EXPENSES AND WILL DISTRIBUTE THE REST TO THE MAINE STATE SOCIETY FOR THE PROTECTION OF ANIMALS.ExplanationTxt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$67,349LegalFeesAmt
Net Investment Income$20,205NetInvestmentIncomeAmt
Disbursements Charitable Prps$47,144DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescTAX REFUND RECEIVABLEDesc
BOY Book Value$3,342BOYBookValueAmt
EOY Book Value$0EOYBookValueAmt
EOYFMV$0EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescREMAINING CASH TO PAY FINAL EXPENSES AND DONATIONSDesc
Amt$103,836Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PAYROLL PROCESSING FEES$1,210$363$847
EQUIPMENT RENTAL$1,345$403$941
INSURANCE$3,100$930$2,170
JANITOR$2,916$875$2,041
SULLIVAN EXPENSES$7,484$2,245$5,239
ELECTRICITY$1,674$502$1,172
HEAT$4,794$1,438$3,356
TELEPHONE$1,225$368$858
WATER$113$34$79
OFFICE EXPENSES$14,342$4,303$10,039
INVESTMENT FEES$6,690$6,690$0
REPAIRS AND MAINTENANCE$10,369$3,111$7,258

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNET UNREALIZED GAIN ON DONATIONS OF SECURITIESDesc
Amt$515,191Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (5 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PAYROLL TAXES$666$200$466
REAL ESTATE TAXES$4,414$1,324$3,090
FEDERAL EXCISE TAX$1,670$0$0
FOREIGN TAXES$381$381$0
PRIOR PERIOD PAYROLL TAXES$3,342$1,003$2,339

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