2013-08-12T14:49:56-05:00 2012-12-31 ADAMS SAMARTINO & COMPANY PC PO BOX 273 BRISTOL CT 060110273 990 2012-01-01 061433299 MAIN STREET COMMUNITY FOUNDATION INC MAIN 8605836363 200 MAIN STREET PO BOX 2702 BRISTOL CT 060112702 SUSAN D SADECKI 8605836363 2013-08-15 ADAMS MICHAEL V 8605838675 2013-08-09 2012 2016-02-24 21:20:13Z SUSAN D SADECKI 200 MAIN STREET PO BOX 2702 BRISTOL CT 060112702 1027065 false X WWW.MAINSTREETFOUNDATION.ORG X 1995 CT TO ENHANCE THE QUALITY OF LIFE FOR BOTH PRESENT AND FUTURE GENERATIONS IN THE COMMUNITIES WE SERVE. WE ACCOMPLISH OUR MISSION BY ENCOURAGING AND PROMOTING: GIFT PLANNING, PRUDENT STEWARDSHIP OF ASSETS, EFFECTIVE GRANT MAKING AND COMMUNITY LEADERSHIP 20 19 4 115 0 824987 608751 97589 119652 682972 -12225 55441 34822 1660989 751000 225985 231062 0 265668 257799 0 48129 137257 160093 628910 648954 1032079 102046 10827391 11896235 2426082 2597254 8401309 9298981 X TO ENHANCE THE QUALITY OF LIFE FOR BOTH PRESENT AND FUTURE GENERATIONS IN THE COMMUNITIES WE SERVE. WE ACCOMPLISH OUR MISSION BY ENCOURAGING AND PROMOTING: GIFT PLANNING, PRUDENT STEWARDSHIP OF ASSETS, EFFECTIVE GRANT MAKING AND COMMUNITY LEADERSHIP false false 157386 97993 THE MAIN STREET COMMUNITY FOUNDATIONS'S SCHOLARSHIP PROGRAM BRINGS TOGETHER STUDENTS IN NEED AND DONORS WHO CARE ABOUT EDUCATION TO ENABLE MORE STUDENTS TO ACHIEVE THEIR EDUCATIONAL DREAMS. WE BELEIVE THAT AN INVESTMENT IN AREA STUDENTS IS AN INVESTMENT IN OUR COMMUNITY. THE IMPACT OF THIS INVESTMENT WILL BE REALIZED LONG BEYOND THE DEGREE OBTAINED. THE FOUNDATION CURRENTLY ADMINISTERS OVER 60 NAMED SCHOLARSHIP FUNDS THAT HAVE BEEN ESTABLISHED BY INDIVIDUALS, FAMILIES, BUSINESSES AND OTHER ORGANIZATIONS. 32075 32075 TO SUPPORT THE PURCHASE OF A FIRE SAFETY TRAILER FOR FIRE SAFETY EDUCATION IN THE COMMUNITY 13280 13280 TO SUPPORT THE FUNCTION AND MISSIONS OF THE LOCAL COMMUNITY COLLEGE FOUNDATION 211434 40154 119652 ALL OTHER GRANTS AND EXPENSES 211434 40154 119652 414175 true true false false false true false false true true true false false false false true false true false false false false false false true false false true true false false false false false false false false false false false false false false true false false false true 5 0 true 4 true false false false false false true true false false false false false false false X 20 19 false false false false false false false true true false false true true true true true true true false false CT X SUSAN D SADECKI 8605836363 200 MAIN STREET BRISTOL CT 060102702 SUSAN D SADECKI 50.00 X X 97245 0 3500 WILLIAM J TRACEY JR 2.00 X X 0 0 0 JANIS L NERI 2.00 X X 0 0 0 JOHN A LETIZIA 2.00 X X 0 0 0 ROBERT M CAIAZE 2.00 X X 0 0 0 MARK J BLUM 2.00 X X 0 0 0 MICHAEL BRAULT 2.00 X 0 0 0 VAL DAMAIS 2.00 X 0 0 0 MARGUERITE P FLETCHER 2.00 X 0 0 0 VALERIE A DEPAOLA 2.00 X 0 0 0 PATRICIA B DUNN 2.00 X 0 0 0 DAVID ENGLAND 2.00 X 0 0 0 BARBARA FONTAINE 2.00 X 0 0 0 ARTHUR FUNK 2.00 X 0 0 0 ANITA HAMZY 2.00 X 0 0 0 DWIGHT C HARRIS 2.00 X 0 0 0 DANIEL J LAPORTE 2.00 X 0 0 0 MARK PETERSON 2.00 X 0 0 0 ROBYN M POULOS 2.00 X 0 0 0 JOHN D SCARRITT 2.00 X 0 0 0 97245 3500 false false false 608751 608751 ADMINISTRATIVE FEE REVENUE 523920 119652 119652 119652 243531 243531 255756 -255756 -255756 -255756 52870 20309 32561 32561 MISCELANEOUS 900099 2261 2261 2261 751000 119652 22597 124481 124481 106581 106581 95728 95728 127608 100749 26859 14455 3445 11010 20008 9764 7663 2581 8459 8459 46666 46666 17294 1362 7346 8586 40136 12452 25181 2503 15120 5141 9979 617 617 4533 4533 5323 2111 3212 DUES, MEMBERSHIPS & CONF. 11205 283 10922 MISCELLANEOUS 10740 1140 2000 7600 648954 414175 186650 48129 126463 407437 588705 3491736 80795 49638 26054 561 46686 38898 4877 7788 9572943 7369371 427554 569704 10827391 11896235 2033 3263 22131 33370 2401918 2560621 2426082 2597254 X 7750810 8679640 80795 49637 569704 569704 8401309 9298981 10827391 11896235 102046 795626 X false true X true false X 1112138 580274 698944 821048 602552 3814956 1112138 580274 698944 821048 602552 3814956 578515 3236441 736669 711966 207374 238370 243531 2137910 1261 1261 1340 1739 2261 5340 5959467 685358 0.54310 0.52400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21 151 227085 375467 51291 782305 858126 11001460 true true false true X 8401009 602552 783395 231062 70263 186650 9298981 8796329 978017 -744427 225985 181350 221575 8401009 24015278 947951 821979 2694664 184472 14109743 8796329 21346171 800697 3250087 1344450 37227 24015278 27712661 1608856 -5906331 2028390 40625 21346171 0.97560 0.01950 0.00490 false false 46686 38898 7788 7788 1546626 795626 795626 751000 751000 648954 648954 648954 ESCROW LIABILITY ARRANGEMENT EXPLANATION SCHEDULE D, PAGE 2, PART IV, LINE 2B PURSUANT TO FASB 136, THE FOUNDATION HOLDS CONTRIBUTIONS FROM UNRELATED AGENCIES ON ITS BALANCE SHEET; THESE FUNDS ARE CALLED ITS AGENCY ENDOWMENTS. THESE FUNDS ARE CLASSIFIED AS ASSETS WITH A CORRESPONDING LIABILITY IN THE FOUNDATION'S AUDITED FINANCIALS. THE TRANSACTION IN WHICH THE FUNDS ARE TRANSFERRED IS A COMPLETED GIFT AND, AS A MATTER OF LAW, THE TRANSFERRED ASSETS ARE THE FOUNDATION'S PROPERTY. FOR PURPOSES OF THE FORM 990 REPORTING, THE FOUNDATION REPORTS ALL CONTRIBUTIONS TO THE ENDOWMENT AS GRANT REVENUE AND ALL DISTRIBUTIONS TO THE TRANSFEROR AGENCY AS A GRANT. PLEASE REFER TO THE SCHEDULE D RECONCILIATION FOR MORE INFORMATION. LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE FOUNDATION HAS IMPLEMENTED THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING CERTAIN PROVISIONS OF ASC 740, INCOME TAXES. USING THIS GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF DECEMBER 31, 2012 AND 2011, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND BELIEVES THATS IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN IN ITS INFORMATIONAL TAX RETURNS. CURRENTLY THE FOUNDATION'S FEDERAL INFORMATIONAL RETURNS FOR THE FISCAL YEARS 2009-2011 REMAIN OPEN TO INSPECTION BY THE IRS. SUPPLEMENTAL FINANCIAL INFORMATION SCHEDULE D, PAGE 4, PART XIII RECONCILIATION OF THE 990 MAIN STREET COMMUNITY FOUNDATION, INC. DOES NOT RECEIVE STANDALONE FINANCIAL STATEMENTS; ITS OPERATIONS ARE CONSOLIDATED WITH THE FINANCIAL STATEMENTS OF ITS RELATED ORGANIZATION, BRADLEY H. BARNES TRUST. THE PART XI, XII, AND XIII RECONCILIATIONS ON SCHEDULE D TIE TO MAIN STREET COMMUNITY FOUNDATION'S CONSOLIDATED NUMBERS, NOT TO THE AUDITED FINANCIAL STATEMENTS. WONDER OF WOMEN 52870 52870 13283 5000 2026 52870 52870 13283 5000 2026 20309 32561 true CITY OF BRISTOL 111 NORTH MAIN STREET BRISTOL CT 06010 32075 FIRE SAFETY PURCHASE TUNXIS COMMUNITY COLLEGE 271 SCOTT SWAMP ROAD FARMINGTON CT 06034 237099816 13280 GENERAL SUPPORT WEST STREET CEMETARY ASSOCIATION 49 POUND STREET BRISTOL CT 06010 060661038 12270 UPKEEP OF CEMETARY LIVING IN SAFE ALTERNATIVES INC PO BOX 6232 WOLCOTT CT 06716 5900 SUPPORT PROJECT BURLINGTON LIBRARY ASSOCIATION PO BOX 1379 BURLINGTON CT 06013 6225 SUPPORT EARLY LEARN SHEPPARD MEADOWS THERAPEUTIC RIDING CENTER PO BOX 2826 BRISTOL CT 060112826 7171 GENERAL SUPPORT 6 SCHOLARSHIPS AWARDED TO 80 97993 COST IMMEDIATE RESPONSE AID 46 8588 COST PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION REQUIRES ORGANIZATIONS THAT RECEIVE GRANT FUNDS TO PROVIDE PERIODIC REPORTS BACK TO THE FOUNDATION ABOUT HOW THE FUNDS ARE EXPENSED TO SUPPORT A CHARITABLE CAUSE. TO THE EXTENT THE FOUNDATION PROVIDES SCHOLARHSHIPS TO COLLEGE STUDENTS, THOSE FUNDS ARE REMITTED DIRECTLY TO THE COLLEGE OR UNIVERSITY WHERE THE STUDENT IS ENROLLED. THE STUDENT HAS NO DISCRETION IN HOW THE FUNDS ARE USED SO NO FURTHER MONITORING IS REQUIRED. IF A STUDENT DOES NOT MEET CERTAIN BENCHMARKS (E.G. GRADE REQUIREMENTS), THEY MAY FORFEIT THE RIGHT TO THE SCHOLARSHIP FUNDS. ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION TO ENHANCE THE QUALITY OF LIFE FOR BOTH PRESENT AND FUTURE GENERATIONS IN THE COMMUNITIES WE SERVE. WE ACCOMPLISH OUR MISSION BY ENCOURAGING AND PROMOTING: GIFT PLANNING, PRUDENT STEWARDSHIP OF ASSETS, EFFECTIVE GRANT MAKING AND COMMUNITY LEADERSHIP ALL OTHER ACCOMPLISHMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4D ALL OTHER GRANTS AND EXPENSES ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS ELECTS MEMBERS OF THE BOARD'S AUDIT COMMITTEE TO MEET WITH THE FOUNDATION'S AUDITORS FOR A FORMAL REVIEW OF THE AUDIT AND 990 ONCE COMPLETED. THE 990 IS THEN PROVIDED TO THE FULL BOARD OF DIRECTORS THROUGH EMAIL OR AT A BOARD MEETING IF ONE IS HELD PRIOR TO THE SUBMISSION OF THE DOCUMENT. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE AUDIT COMMITTEE LISTS ALL CONFLICTS REPORTED AND BRINGS THE LIST TO THE ATTENTION OF THE EXECUTIVE COMMITTEE AND THE PRESIDENT WHO MONITORS VOTES. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A EACH BOARD MEMBER COMPLETES AN EVALUATION FORM WHICH IS COLLECTED BY THE BOARD CHAIR. ONCE COMPLETED, THE RESULTS ARE PROVIDED TO THE BOARD OF DIRECTORS IN EXECUTIVE SESSION AND THE COMPOSITE EVALUATION IS THEN SIGNED BY THE BOARD CHAIR AND PRESIDENT AND IS MAINTAINED ON FILE IN THE PRESIDENT'S PERSONNEL FILE. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATIONS FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. BRADLEY H BARNES TRUST PO BOX 2702 BRISTOL CT 060112702 066160463 CHARITABLE CT 4947A1 N/A false false false false false false false false false false false false false false false false true false false false BRADLEY H BARNES TRUST P 97389 COST