MACHIAS SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION: Form 990PF, tax year 2023
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- Organization
- MACHIAS SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION (EIN 01-0514175)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-03-01
- IRS object ID
- 202410619349100061
- Schema version
- 2023v4.0
- 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
- Form 990-PF
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-03-01T11:52:02-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 010494526 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Baker Newman Noyes | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 507 | AddressLine1Txt |
| City | Portland | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010514175 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Machias Savings Bank Community | BusinessNameLine1Txt |
| Business Name Line2 | Development Foundation | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MACH | BusinessNameControlTxt |
| Phone | 2072553347 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 318 | AddressLine1Txt |
| City | Machias | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04654 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Matthew J Walsh CPA | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 2072553347 | PhoneNum |
| Signature | 2024-02-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Matthew | PersonFirstNm |
| Person Last | Walsh CPA | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Connor Smart | PreparerPersonNm |
| PTIN | P02285543 | PTIN |
| Phone | 2078792100 | PhoneNum |
| Preparation | 2024-02-27 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $4,333,008 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $372 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $372 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $68,050 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $68,050 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $185,054 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,310,041 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $185,054 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $253,476 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $253,476 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $1,150 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $575 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $575 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $5,438 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $5,438 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $113 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $113 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $15 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $15 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $6,716 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $6,141 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $575 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $242,750 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $242,750 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $249,466 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $6,141 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $243,325 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,010 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $247,335 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $10,688 | CashBOYAmt |
| Cash EOY | $165,788 | CashEOYAmt |
| Cash EOYFMV | $165,788 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $135,664 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $83,602 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $83,602 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $3,254,791 | CorporateStockBOYAmt |
| Corporate Stock EOY | $3,154,763 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $4,083,618 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $3,401,143 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,404,153 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $4,333,008 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $3,589,833 | CapitalStockBOYAmt |
| Capital Stock EOY | $3,401,143 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | -$188,690 | RetainedEarningBOYAmt |
| Retained Earning EOY | $3,010 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,401,143 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,404,153 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,401,143 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,404,153 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,401,143 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,010 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $3,405,153 | SubtotalAmt |
| Other Decreases | $1,000 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $3,404,153 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly Traded Securities | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $2,310,041 | GrossSalesPriceAmt |
| Cost Or Other Basis | $2,124,987 | CostOrOtherBasisAmt |
| Gain Or Loss | $185,054 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $185,054 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $185,054 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $3,438 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $3,438 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $3,438 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $6,830 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $6,830 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $3,392 | OverpaymentAmt |
| Applied To ES Tax | $3,392 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | ME | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | www.machiassavings.bank/guidelines.aspx | WebsiteAddressTxt |
| Individual With Books | Matthew J Walsh CPA | IndividualWithBooksNm |
| Phone | 2072559283 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o Machias Savings Bank 4 Center | AddressLine1Txt |
| Address Line2 | St | AddressLine2Txt |
| City | Machias | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 046540318 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (1) | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Telford Allen III | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| LuAnn Ballesteros | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| Chris Fitzpatrick | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| Robert W Foster | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| Brent K Hartley | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| Zachary Means | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| Donald E Reynolds | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| Oliver Smith | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| Lawrence L Barker | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director/President | 0.20 | $0 | $0 | $0 |
| Christian A Lyford | ||||||||
| PO Box 318 | Machias | ME | 04654 | Vice President | 0.20 | $0 | $0 | $0 |
| Matthew J Walsh | ||||||||
| PO Box 318 | Machias | ME | 04654 | Treasurer | 0.20 | $0 | $0 | $0 |
| Nathan J Martell | ||||||||
| PO Box 318 | Machias | ME | 04654 | Secretary | 0.20 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,907,252 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $180,563 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,087,815 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $4,087,815 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $61,317 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,026,498 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $201,325 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $201,325 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $3,438 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $3,438 | TotalTaxAmt |
| Distributable Before Adj | $197,887 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $197,887 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $197,887 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $243,325 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $243,325 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $197,887 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $282,123 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $282,123 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $243,325 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $197,887 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $45,438 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $327,561 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $327,561 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $282,123 | ExcessFromYear3Amt |
| Excess From Current Year | $45,438 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Melissa Moffett Denbow Community Ex | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 318 | AddressLine1Txt |
| City | Machias | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04654 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2072559266 | RecipientPhoneNum |
| Recipient Email Address | mdenbow@machiassavings.com | RecipientEmailAddressTxt |
| Form And Info And Materials | Potential applicants may learn about and apply for funding through the Machias Savings Bank website, at: https://www.machiassavings.bank/guidelines.aspx Applicants will be asked to describe their organization and why they are deserving of funding. The Foundation will prioritize projects that benefit low-to-moderate income households. Grant funds will be awarded to projects or services that: create or retain jobs, revitalize communities within our service area, help to provide affordable housing, or other programs designed to assist low-to-moderate income households. The applicant must demonstrate the ability to carry out the objectives cited in the grant application. Applicants will need to include a project narrative; a grant budget; a letter of support; and a copy of their 501(c)(3) exemption letter with their application. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | The deadline for applications is May 17th. Grant recipients will be selected by June 14th. | SubmissionDeadlinesTxt |
| Restrictions On Awards | The Foundation only makes grants to qualified 501(c)(3) organizations. A nonprofit may apply for a donation from the Machias Savings Bank and still be eligible for a grant from the Foundation. Awards are generally limited to organizations operating in the service areas of Machias Savings Bank. The Foundation does not award donations to religious or political organizations, unless the programming is for food insecurity or to advance financial health. The Foundation also does not award donations to individuals; parties or events; athletic or travel sponsorships; research or publication; construction or improvement of parks and playgrounds; and any other project that does not meet the Foundation's goals and values for community development. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (35 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Adopt-a-Block of Aroostook | |||||||
| PO Box 517 307 Military Street | Houlton | ME | 04730 | N/A | PC | Program Support Grant | $5,000 |
| Avesta Housing Development Corporation | |||||||
| 307 Cumberland Avenue | Portland | ME | 04101 | N/A | PC | Program Support Grant | $2,500 |
| Beth C Wright Cancer Resource Center | |||||||
| 23 Commerce Park | Ellsworth | ME | 04605 | N/A | PC | Program Support Grant | $5,000 |
| Big Brothers Big Sisters of Southern Maine | |||||||
| 625 Main Street | Westbrook | ME | 04092 | N/A | PC | Program Support Grant | $2,500 |
| Common Threads of Maine | |||||||
| 90 Bridge Street Suite 305 | Westbrook | ME | 04092 | N/A | PC | Program Support Grant | $2,500 |
| Community Care | |||||||
| 4 Summer Street | Bangor | ME | 04401 | N/A | PC | Program Support Grant | $5,000 |
| Down East Family YMCA | |||||||
| 238 State Street | Ellsworth | ME | 04605 | N/A | PC | Program Support Grant | $2,500 |
| Downeast Community Partners | |||||||
| 248 Bucksport Road | Ellsworth | ME | 04654 | N/A | PC | Program Support Grant | $2,500 |
| Families First Community Center | |||||||
| 41 North Street | Ellsworth | ME | 04605 | N/A | PC | Program Support Grant | $10,000 |
| Foundation for a Strong Maine Economy | |||||||
| 128 State Street Suite 101 | Augusta | ME | 04330 | N/A | PC | Program Support Grant | $15,000 |
| Husson University | |||||||
| 1 College Circle | Bangor | ME | 04401 | N/A | PC | Program Support Grant | $25,000 |
| Information Technology Exchange Give IT Get IT | |||||||
| 60 Industrial Street | Waterville | ME | 04901 | N/A | PC | Program Support Grant | $2,500 |
| Intercultural Community Center | |||||||
| 36 Patrick Drive | Westbrook | ME | 04092 | N/A | PC | Program Support Grant | $3,000 |
| Jobs For Maine Graduates Inc | |||||||
| 65 Stone Street | Augusta | ME | 04330 | N/A | PC | Program Support Grant | $5,000 |
| Lewiston Chamber of Commerce Foundation | |||||||
| 415 Lisbon Street | Lewiston | ME | 04240 | N/A | PC | Program Support Grant | $10,000 |
| Lifeflight Foundation | |||||||
| 160 Capitol Street 5 | Augusta | ME | 04330 | N/A | PC | Program Support Grant | $1,000 |
| Lubec Community Outreach Center and Food Pantry | |||||||
| 44 South Street | Lubec | ME | 04652 | N/A | PC | Program Support Grant | $5,000 |
| Maine Development Foundation | |||||||
| 2 Beech Street 203 | Hallowell | ME | 04347 | N/A | PC | Program Support Grant | $2,500 |
| Maine Lobstermen's Community Alliance | |||||||
| PO Box 315 | Kennebunk | ME | 04043 | N/A | PC | Program Support Grant | $50,000 |
| Maine Seacoast Mission | |||||||
| PO Box 600 | Northeast Harbor | ME | 04662 | N/A | PC | Program Support Grant | $5,000 |
| Mainestream Finance | |||||||
| PO Box 1162 | Bangor | ME | 04402 | N/A | PC | Program Support Grant | $5,000 |
| My Place Teen Center | |||||||
| 755 Main Street | Westbrook | ME | 04092 | N/A | PC | Program Support Grant | $1,000 |
| Penquis CAP Inc | |||||||
| 262 Harlow Street | Bangor | ME | 04401 | N/A | PC | Program Support Grant | $5,000 |
| Port Resources | |||||||
| 280-B Gannett Drive | South Portland | ME | 04106 | N/A | PC | Program Support Grant | $5,000 |
| Portland Ovations | |||||||
| 120 Exchange Street 110 | Portland | ME | 04101 | N/A | PC | Program Support Grant | $3,750 |
| Preble Street | |||||||
| 55 Portland Street | Portland | ME | 04101 | N/A | PC | Program Support Grant | $4,000 |
| SPCA of Hancock County | |||||||
| 141 Bar Harbor Road | Trenton | ME | 04605 | N/A | PC | Program Support Grant | $2,500 |
| St Andre Home | |||||||
| PO Box 2373 | Bangor | ME | 04402 | N/A | PC | Program Support Grant | $5,000 |
| St George Municipal School Unit | |||||||
| 65 Main Street | Tenants Harbor | ME | 04860 | N/A | GOV | Program Support Grant | $10,000 |
| The Center for the Advancement of Rural Living (CARL) | |||||||
| 46 Sweden Street | Caribou | ME | 04736 | N/A | PC | Program Support Grant | $2,500 |
| The College of the Atlantic | |||||||
| 105 Eden Street | Bar Harbor | ME | 04609 | N/A | PC | Program Support Grant | $12,500 |
| The Northern Light House Inc | |||||||
| 172 Academy Street | Presque Isle | ME | 04769 | N/A | PC | Program Support Grant | $10,000 |
| Town of Danforth | |||||||
| 18 Central Street | Danforth | ME | 04424 | N/A | GOV | Program Support Grant | $5,000 |
| University of Maine Foundation | |||||||
| 2 Alumni Place | Orono | ME | 04469 | N/A | PC | Program Support Grant | $8,000 |
| Woodfords Family Services | |||||||
| 15 Saunders Way 900 | Westbrook | ME | 04092 | N/A | PC | Program Support Grant | $2,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $242,750 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $372 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $68,050 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $185,054 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $253,476 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $253,476 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting Fees | CategoryTxt |
| Amt | $1,150 | Amt |
| Net Investment Income | $575 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $575 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (33 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 133261 shares SNOXX | $133,261 | $133,261 |
| 730 shares ABBV | $95,678 | $113,128 |
| 320 shares ACN | $106,444 | $112,291 |
| 330 shares ADBE | $121,661 | $196,878 |
| 2047 shares GOOG | $197,844 | $288,484 |
| 820 shares AME | $86,210 | $135,210 |
| 394 shares AMGN | $102,303 | $113,480 |
| 245 shares AON | $62,094 | $71,300 |
| 1416 shares AAPL | $142,468 | $272,622 |
| 34 shares AZO | $93,607 | $87,911 |
| 435 shares BRK.B | $123,916 | $155,147 |
| 275 shares AVGO | $110,391 | $306,969 |
| 605 shares CDW | $85,265 | $137,529 |
| 428 shares CVX | $67,004 | $63,840 |
| 750 shares CVS | $58,707 | $59,220 |
| 4491 shares HPQ | $136,185 | $135,134 |
| 61 shares HUBB | $19,071 | $20,065 |
| 700 shares JNJ | $117,058 | $109,718 |
| 220 shares LRCX | $68,162 | $172,317 |
| 308 shares LOW | $100,707 | $68,545 |
| 375 shares LHX | $70,632 | $78,983 |
| 595 shares MPC | $65,876 | $88,274 |
| 335 shares MA | $110,517 | $142,881 |
| 355 shares META | $100,279 | $125,656 |
| 280 shares MSFT | $58,191 | $105,291 |
| 240 shares NVDA | $111,505 | $118,853 |
| 384 shares NXPI | $78,471 | $88,197 |
| 560 shares TSM | $53,351 | $58,240 |
| 705 shares TXN | $116,648 | $120,174 |
| 140 shares TMO | $66,045 | $74,311 |
| 90 shares UNH | $45,738 | $47,382 |
| 515 shares V | $104,264 | $134,080 |
| 762 units WEX | $145,210 | $148,247 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Charitable grants disqualified due to non-qualified recipient | Desc |
| Amt | $1,000 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Bank Fees | Desc |
| Revenue And Expenses Per Books | $15 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $15 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Account Management Fees | CategoryTxt |
| Amt | $5,438 | Amt |
| Net Investment Income | $5,438 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Foreign Taxes | CategoryTxt |
| Amt | $113 | Amt |
| Net Investment Income | $113 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |