KENNEBEC SAVINGS BANK FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
KENNEBEC SAVINGS BANK FOUNDATION (EIN 22-2624600)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-05-14
IRS object ID
201201359349101520
Schema version
2011v1.2
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)
Timestamp2012-05-14T09:48:34-07:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Macdonald Page & Co LLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1227 Water Street PO Box 2749AddressLine1
CityAugustaCity
StateMEState
ZIP Code04338ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN222624600EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1KENNEBEC FOUNDATIONBusinessNameLine1
Business Name Line2ATTN ANDREW SILSBYBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlKENNNameControl
Phone2076224766Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 50AddressLine1
CityAUGUSTACity
StateMEState
ZIP Code04332ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameANDREW SILSBYName
TitleVP/TreasurerTitle
Date Signed2012-05-14DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJohn M ParksName
Phone2075123421Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY2008321FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss210165ContriReceivedRevAndExpnss
Dividends Rev And Expnss51317DividendsRevAndExpnss
Dividends Net Invst Incm51317DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss3829NetGainSaleAssetsRevAndExpnss
Gross Sales Price3856GrossSalesPrice
Capital Gain Net Incm Net Invst Incm3829CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses265311TotalRevenueAndExpenses
Total Net Investment Income55146TotalNetInvestmentIncome
Accounting Fees Rev And Expnss825AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm825AccountingFeesNetInvstIncm
Other Prof Fees Rev And Expnss10906OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm10906OtherProfFeesNetInvstIncm
Taxes Rev And Expnss2274TaxesRevAndExpnss
Taxes Net Invst Incm2274TaxesNetInvstIncm
Tot Opr Expenses Rev And Expnss14005TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm14005TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss250165ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps250165ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss264170TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm14005TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps250165TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses1141ExcessOfRevenueOverExpenses
Net Investment Income41141NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY344CashBOY
Cash EOY335CashEOY
Cash EOYFMV335CashEOYFMV
Savings And Temp Cash Invst BOY63324SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY59771SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV59771SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY1436530InvestmentsCorpStockBOY
Investments Corp Stock EOY1437344InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV1447111InvestmentsCorpStockEOYFMV
Investments Corp Bonds BOY476838InvestmentsCorpBondsBOY
Investments Corp Bonds EOY480727InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV501104InvestmentsCorpBondsEOYFMV
Total Assets BOY1977036TotalAssetsBOY
Total Assets EOY1978177TotalAssetsEOY
Total Assets EOYFMV2008321TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY1977036CapitalStockBOY
Capital Stock EOY1978177CapitalStockEOY
Total Net Assets BOY1977036TotalNetAssetsBOY
Total Net Assets EOY1978177TotalNetAssetsEOY
Total Liabilities Net Assets BOY1977036TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1978177TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY1977036TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses1141ExcessOfRevenueOverExpenses
Subtotal1978177Subtotal
Total Net Assets Fund Balances EOY1978177TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (3 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate AcquiredDateAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLossesCost Or Other BasisCostOrOtherBasis
LT/CAP GAINP1990-01-012011-12-31382938293829
.2191 KINDER MORGANP2010-02-032011-05-171313
.2179 KINDER MORGANP2010-02-032011-02-181414
FieldValueIRS element (for citing)
Capital Gain Net Income3829CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year1191150QualifyingDistributionsYear1
Noncharitable Assets Year11955021NoncharitableAssetsYear1
Distribution Ratio Year10.09777DistributionRatioYear1
Qualifying Distributions Year2269738QualifyingDistributionsYear2
Noncharitable Assets Year21714342NoncharitableAssetsYear2
Distribution Ratio Year20.15734DistributionRatioYear2
Qualifying Distributions Year3307950QualifyingDistributionsYear3
Noncharitable Assets Year32161331NoncharitableAssetsYear3
Distribution Ratio Year30.14248DistributionRatioYear3
Qualifying Distributions Year4245417QualifyingDistributionsYear4
Noncharitable Assets Year42652445NoncharitableAssetsYear4
Distribution Ratio Year40.09253DistributionRatioYear4
Qualifying Distributions Year5289950QualifyingDistributionsYear5
Noncharitable Assets Year52631089NoncharitableAssetsYear5
Distribution Ratio Year50.11020DistributionRatioYear5
Total Distribution Ratio0.60033TotalDistributionRatio
Average Distribution Ratio0.12007AverageDistributionRatio
Net Noncharitable Assets2076299NetNoncharitableAssets
Adjusted Noncharitable Assets249291AdjustedNoncharitableAssets
One Percent Net Investment Income411OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One249702AdjNonchrtblAssetsAndOnePct
Qualifying Distributions250165QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax411InvestmentIncomeExciseTax
Subtotal411Subtotal
Tax Based On Investment Income411TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment720EstTaxPaymentsAndOverpayment
Total Credits And Payments720TotalCreditsAndPayments
Overpayment309Overpayment
Amount Credited To Next Year309AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Form990 T FiledfalseForm990TFiled
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithMEStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1KENNEBEC SAVINGS BANKBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number2076225801BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1po box 50AddressLine1
CityAUGUSTACity
StateMEState
ZIP Code04332ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersontruePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Acts Fail To Qualify As ExceptionsfalseActsFailToQualifyAsExceptions
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Undistr Income4942a2 Not AppliedfalseUndistrIncome4942a2NotApplied
Business HoldingsfalseBusinessHoldings
Excess Business HoldingsfalseExcessBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Tr Fail To Qualify As ExceptionsfalseTrFailToQualifyAsExceptions
Maint Expend ResponsibilityfalseMaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn
Proceeds Or Net IncomefalseProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (11 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
LAURA J HUDSON
808 OAKLAND ROADBELGRADEME04917MRTING DIRECTOR0.120
ANDREW SILSBY
32 COLONY ROADAUGUSTAME04330VP/Treasurer0.120
DIANE F HASTINGS
635 EASTERN AVENUEAUGUSTAME04330Director0.120
NORMAN S ELVIN
32 DUENA VISTA DRIVEAUGUSTAME04330Director0.120
WILLIAM W SPRAGUE JR
PO BOX 60 POND ROADMANCHESTERME04351Director0.120
DOUGLAS E REINHARDT
38 MORRILL AVENUEWATERVILLEME04901Director0.120
WILLIAM E MITCHELL
28 CLEARVIEW AVENUEWATERVILLEME04901Director0.120
PETER T DAWSON
6 WARREN STREETHALLOWELLME04347Secretary/Clerk0.120
MARK L JOHNSTON
244 KERNS HILL ROADMANCHESTERME04351President0.120
CHARLES W HAYS JR
756 POND ROADMANCHESTERME04351Director0.120
RICHARD D O'CONNOR
BOX 349 28 QUARRY FARMEDGECOMBME04556Director0.120
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities2047812AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances60106AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets2107918TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Adj Total FMV Of Unused Assets2107918AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable31619CashDeemedCharitable
Net Noncharitable Assets2076299NetNoncharitableAssets
Minimum Investment Return103815MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return103815MinimumInvestmentReturn
Tax Based On Investment Income411TaxBasedOnInvestmentIncome
Total Tax411TotalTax
Distributable Amount Before Adj103404DistributableAmountBeforeAdj
Distributable Amount Before Ded103404DistributableAmountBeforeDed
Distributable Amount As Adjusted103404DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions250165ExpensesAndContributions
Qualifying Distributions250165QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm411OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions249754AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted103404DistributableAmountAsAdjusted
Excess Distri Carryover Year5161994ExcessDistriCarryoverYear5
Excess Distri Carryover Year4115912ExcessDistriCarryoverYear4
Excess Distri Carryover Year3201283ExcessDistriCarryoverYear3
Excess Distri Carryover Year2184809ExcessDistriCarryoverYear2
Excess Distri Carryover Year194104ExcessDistriCarryoverYear1
Total Excess Distri Carryover758102TotalExcessDistriCarryover
Qualifying Distributions250165QualifyingDistributions
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year103404AppliedToCurrentYear
Remaining Distri From Corpus146761RemainingDistriFromCorpus
Total Corpus904863TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year5161994ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year742869ExcessDistriCyovToNextYear
Excess From Year4115912ExcessFromYear4
Excess From Year3201283ExcessFromYear3
Excess From Year2184809ExcessFromYear2
Excess From Year194104ExcessFromYear1
Excess From Current Year146761ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

FieldValueIRS element (for citing)
Recipient Person NameVARIOUS CHARITIES SEE ATTCDRecipientPersonName

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1WATER STREETAddressLine1
CityAUGUSTACity
StateMEState
ZIP Code04330ZIPCode
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationship
Recipient Foundation StatusPUBLICRecipientFoundationStatus
Purpose Of Grant Or ContributionGENERAL CHARITABLE PURPOSESPurposeOfGrantOrContribution
Amount$250,165Amount
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year250165TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$51,317ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion$3,829ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$55,146ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA55146TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo (3 entries)

Contributor NumberContributorNumberContributor Name IndividualContributorNameIndividualAddress Line1ContributorAddressUS/AddressLine1CityContributorAddressUS/CityStateContributorAddressUS/StateZIP CodeContributorAddressUS/ZIPCodeAggregate ContributionsAggregateContributionsPerson Contribution TypePersonContributionType
3KENNEBEC SAVINS BANK150 STATE STREETAUGUSTAME0433278415X
2KENNEBEC SAVINGS BANK150 STATE STREETAUGUSTAME0433281750X
1KENNEBEC SAVINGS BANK150 STATE STREETAUGUSTAME0433250000X

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategory
Amount$825Amount
Net Investment Income825NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

FieldValueIRS element (for citing)
CategoryAGENCY FEESCategory
Amount$10,906Amount
Net Investment Income10906NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

Taxes Schedule TaxesSchedule

Taxes Taxes (3 entries)

CategoryCategoryAmountAmountNet Investment IncomeNetInvestmentIncome
irs bal due 2010 tax return$400400
FOREIGN TAX WITHHELD$1,1541154
estimated taxes$720720

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