MILFORD BANK FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
MILFORD BANK FOUNDATION INC (EIN 02-0600478)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-10
IRS object ID
201301309349100840
Schema version
2012v2.1
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)
Timestamp2013-05-10T12:19:47-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN061331879EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1FRIEDBERG SMITH & CO PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1855 MAIN STREET 6TH FLOORAddressLine1
CityBRIDGEPORTCity
StateCTState
ZIP Code066044915ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN020600478EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE MILFORD BANK FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMILFNameControl
Phone2037835703Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line133 BROAD STREETAddressLine1
CityMILFORDCity
StateCTState
ZIP Code06460ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameSUSAN SHIELDSName
TitleTREASURERTitle
Phone2037835703Phone
Date Signed2013-04-17DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameDAVID ZIEFFName
PTINP01236646PTIN
Phone2033665876Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY254085FMVAssetsEOY
Method Of Accounting AccrualXMethodOfAccountingAccrual

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss26000ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss629InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm629InterestOnSavingsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses26629TotalRevenueAndExpenses
Total Net Investment Income629TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss1000AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps0AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss24TaxesRevAndExpnss
Taxes Net Invst Incm0TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps0TaxesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss1024TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss12250ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps12250ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss13274TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps12250TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses13355ExcessOfRevenueOverExpenses
Net Investment Income629NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY240730CashBOY
Cash EOY254085CashEOY
Cash EOYFMV254085CashEOYFMV
Land Building And Equipment Basis5249LandBuildingAndEquipmentBasis
Accum Deprec Land Bldg And Equip5249AccumDeprecLandBldgAndEquip
Total Assets BOY240730TotalAssetsBOY
Total Assets EOY254085TotalAssetsEOY
Total Assets EOYFMV254085TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Follow SFAS117XOrgThatFollowSFAS117
Unrestricted BOY240730UnrestrictedBOY
Unrestricted EOY254085UnrestrictedEOY
Total Net Assets BOY240730TotalNetAssetsBOY
Total Net Assets EOY254085TotalNetAssetsEOY
Total Liabilities Net Assets BOY240730TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY254085TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY240730TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses13355ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal254085Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY254085TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year112750QualifyingDistributionsYear1
Noncharitable Assets Year1247746NoncharitableAssetsYear1
Distribution Ratio Year10.051464DistributionRatioYear1
Qualifying Distributions Year213250QualifyingDistributionsYear2
Noncharitable Assets Year2260532NoncharitableAssetsYear2
Distribution Ratio Year20.050857DistributionRatioYear2
Qualifying Distributions Year313000QualifyingDistributionsYear3
Noncharitable Assets Year3248549NoncharitableAssetsYear3
Distribution Ratio Year30.052304DistributionRatioYear3
Qualifying Distributions Year413483QualifyingDistributionsYear4
Noncharitable Assets Year4256605NoncharitableAssetsYear4
Distribution Ratio Year40.052544DistributionRatioYear4
Qualifying Distributions Year513500QualifyingDistributionsYear5
Noncharitable Assets Year5261706NoncharitableAssetsYear5
Distribution Ratio Year50.051585DistributionRatioYear5
Total Distribution Ratio0.258754TotalDistributionRatio
Average Distribution Ratio0.051751AverageDistributionRatio
Net Noncharitable Assets238120NetNoncharitableAssets
Adjusted Noncharitable Assets12323AdjustedNoncharitableAssets
One Percent Net Investment Income6OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One12329AdjNonchrtblAssetsAndOnePct
Qualifying Distributions12250QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax13InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal13Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income13TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due13TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political Activities0LegislativePoliticalActivities
More Than100 Spent0MoreThan100Spent
Form1120 POL Filed0Form1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev Reported0ActivitiesNotPrevReported
Changes To Articles Or Bylaws0ChangesToArticlesOrBylaws
Unrelated Bus Income Over10000UnrelatedBusIncomeOver1000
Termination Etc0TerminationEtc
Requirements Of Sect508e0RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithCTStatesFiledWith
Form990 PF Filed With AG1Form990PFFiledWithAG
Private Operating Foundation0PrivateOperatingFoundation
New Substantial Contributors1NewSubstantialContributors
Interest In Controlled Entity0InterestInControlledEntity
Applicable Insurance Contract0ApplicableInsuranceContract
Comply With Public Inspection Rqr1ComplyWithPublicInspectionRqr
Website AddressWWW.MILFORDBANK.COMWebsiteAddress
Books In Care Of Person NameTHE MILFORD BANK INCBooksInCareOfPersonName
Books In Care Of Phone Number2037835703BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line133 BROAD STREETAddressLine1
CityMILFORDCity
StateCTState
ZIP Code06430ZIPCode
FieldValueIRS element (for citing)
Foreign Bank0ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly Person0SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person0BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person0FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person0PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person0TransferAssetsToDsqflyPerson
Payment To Government Offical0PaymentToGovernmentOffical
Uncorrected Prior Acts0UncorrectedPriorActs
Undistributed Income Prior Years0UndistributedIncomePriorYears
Business Holdings0BusinessHoldings
Jeopardy Investments0JeopardyInvestments
Uncorrected Jeopardy Investments0UncorrectedJeopardyInvestments
Influence Legislation0InfluenceLegislation
Influence Election0InfluenceElection
Grants To Individuals0GrantsToIndividuals
Grants To Organizations0GrantsToOrganizations
Noncharitable Purpose0NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract0RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract0PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn0ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (14 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
ROBERT V MACKLIN
33 BROAD STREETMILFORDCT06460PRESIDENT0.00000
SUSAN SHIELDS
33 BROAD STREETMILFORDCT06460TREASURER0.00000
ANN MARIE LENART
33 BROAD STREETMILFORDCT06460SECRETARY0.00000
ROBERT V MACKLIN
33 BROAD STREETMILFORDCT06460BOARD MEMBER0.00000
JAMES BEARD
33 BROAD STREETMILFORDCT06460BOARD MEMBER0.00000
LEO CARROLL
33 BROAD STREETMILFORDCT06460BOARD MEMBER0.00000
JOSEPHINE CULMONE
33 BROAD STREETMILFORDCT06460BOARD MEMBER0.00000
RAYMOND MACALUSO
33 BROAD STREETMILFORDCT06460BOARD MEMBER0.00000
DEFOREST SMITH
33 BROAD STREETMILFORDCT06460BOARD MEMBER0.00000
SAMUEL BERGAMI JR
33 BROAD STREETMILFORDCT06460BOARD MEMBER0.00000
LOUIS D'AMATO
33 BROAD STREETMILFORDCT06460BOARD MEMBER0.00000
CAROL MCINNIS
33 BROAD STREETMILFORDCT06460BOARD MEMBER0.00000
JOSEPH PELACCIA
33 BROAD STREETMILFORDCT06460BOARD MEMBER0.00000
DAVID RUBIN
33 BROAD STREETMILFORDCT06460BOARD MEMBER0.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances241746AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets241746TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets241746AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable3626CashDeemedCharitable
Net Noncharitable Assets238120NetNoncharitableAssets
Minimum Investment Return11906MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return11906MinimumInvestmentReturn
Tax Based On Investment Income13TaxBasedOnInvestmentIncome
Total Tax13TotalTax
Distributable Amount Before Adj11893DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded11893DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted11893DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions12250ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions12250QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions12250AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted11893DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year5600ExcessDistriCarryoverYear5
Excess Distri Carryover Year4853ExcessDistriCarryoverYear4
Excess Distri Carryover Year3606ExcessDistriCarryoverYear3
Excess Distri Carryover Year2247ExcessDistriCarryoverYear2
Excess Distri Carryover Year1387ExcessDistriCarryoverYear1
Total Excess Distri Carryover2693TotalExcessDistriCarryover
Qualifying Distributions12250QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year11893AppliedToCurrentYear
Remaining Distri From Corpus357RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus3050TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Prior Year Deficiency Or Tax0PriorYearDeficiencyOrTax
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g30DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year5600ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year2450ExcessDistriCyovToNextYear
Excess From Year4853ExcessFromYear4
Excess From Year3606ExcessFromYear3
Excess From Year2247ExcessFromYear2
Excess From Year1387ExcessFromYear1
Excess From Current Year357ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (10 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
BETH-EL CENTER INC
90 NEW HAVEN AVENEW HAVENCT06460N/A501(C)(3)UNRESTRICTED$1,750
BOYS AND GIRLS CLUB OF MILFORD
14 BENHAM AVEMILFORDCT06460N/A501(C)(3)UNRESTRICTED$1,000
CITY OF MILFORD DEPT OF HUMAN SERVICES
150 GULF STREETMILFORDCT06460N/A501(C)(3)UNRESTRICTED$500
DISABLED AMERICAN VETERANS
PO BOX 3006MILFORDCT06460N/A501(C)(3)UNRESTRICTED$500
EMERGE
PO BOX 1190STRATFORDCT06460N/A501(C)(3)UNRESTRICTED$1,500
KIDS COUNT
167 CHERRY ST PMB 169MILFORDCT06460N/A501(C)(3)UNRESTRICTED$2,000
LITERACY CENTER OF MILFORD
16 DIXON STMILFORDCT06460N/A501(C)(3)UNRESTRICTED$1,000
STERLING HOUSE OF STRATFORD
2283 MAIN STSTRATFORDCT06615N/A501(C)(3)UNRESTRICTED$1,000
STRATFORD ACADEMY PTSA
719 BIRDSEYE STREETSTRATFORDCT06615N/A501(C)(3)UNRESTRICTED$500
UNITED WAY
20 EVERGREEN AVEMILFORDCT06460N/A501(C)(3)UNRESTRICTED$2,500
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year12250TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$629ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$629ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA629TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EO0TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO0TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO0PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc0RentalOfFacilitiesEtc
Reimbursement Arrangements0ReimbursementArrangements
Loans Or Loan Guarantees0LoansOrLoanGuarantees
Performance Of Services Etc0PerformanceOfServicesEtc
Sharing Of Facilities Etc0SharingOfFacilitiesEtc
Relationships Noncharitable E Os0RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber
Contributor Name IndividualTHE MILFORD BANKContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line133 BROAD STREETAddressLine1
CityMILFORDCity
StateCTState
ZIP Code06460ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions26000AggregateContributions
Person Contribution TypeXPersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryTAX PREPARATION FEECategory
Amount$1,000Amount
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor SubstantialContributor

FieldValueIRS element (for citing)
Person NameTHE MILFORD BANKPersonName

US Address USAddress

FieldValueIRS element (for citing)
Address Line133 BROAD STREETAddressLine1
CityMILFORDCity
StateCTState
ZIP Code06430ZIPCode

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAX FOR 2011Category
Amount$24Amount
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

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