MACHIAS SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- MACHIAS SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION (EIN 01-0514175)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-04-29
- IRS object ID
- 202011209349100521
- Schema version
- 2019v5.1
- 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
- Form 990-PF
- Schedule B
- Investments Corp Stock Schedule
- Other Decreases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-04-29T13:34:29-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | 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 | 2019-01-01 | 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 | 2020-04-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Nicholas E Porto | PreparerPersonNm |
| PTIN | P01310283 | PTIN |
| Phone | 2078792100 | PhoneNum |
| Preparation | 2020-04-28 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 208.105.168.164 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-04-28 | IPDt |
| IP Tm | 10:50:38 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | B8B3B2C87BC7F5C94E6F776D798B8F0811341F94 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | B8B3B2C87BC7F5C94E6F776D798B8F0811341F94 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $4,225,372 | 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 | $1,130,716 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $8,433 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $8,433 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $58,509 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $58,509 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $102 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $138 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $102 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,197,760 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $67,044 | 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 |
| Taxes Rev And Expnss | $11,213 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $11,213 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $210,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $210,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $221,213 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $210,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $976,547 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $67,044 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $166,868 | CashBOYAmt |
| Cash EOY | $204,086 | CashEOYAmt |
| Cash EOYFMV | $204,086 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $2,622,386 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,431,002 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,431,002 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $64,910 | CorporateStockBOYAmt |
| Corporate Stock EOY | $429,880 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,590,284 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $2,854,164 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,064,968 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $4,225,372 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $1,955,797 | CapitalStockBOYAmt |
| Capital Stock EOY | $2,854,163 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $898,367 | RetainedEarningBOYAmt |
| Retained Earning EOY | $210,805 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,854,164 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,064,968 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,854,164 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,064,968 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,854,164 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $976,547 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $3,830,711 | SubtotalAmt |
| Other Decreases | $765,743 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $3,064,968 | 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 | D | HowAcquiredCd |
| Gross Sales Price | $138 | GrossSalesPriceAmt |
| Cost Or Other Basis | $36 | CostOrOtherBasisAmt |
| Gain Or Loss | $102 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $102 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $102 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $146,347 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $3,185,905 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.045936 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $127,392 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $2,201,215 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.057873 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $55,771 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,044,421 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.053399 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $29,000 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,033,222 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.028068 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $44,000 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,051,447 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.041847 | DistributionYr5Rt |
| Total Distribution | 0.227123 | TotalDistributionRt |
| Average Distribution | 0.045425 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $3,152,371 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $143,196 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $670 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $143,866 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $210,000 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $670 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $670 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $670 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $10,680 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $10,680 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $10,010 | OverpaymentAmt |
| Applied To ES Tax | $10,010 | 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 | N/A | WebsiteAddressTxt |
| Individual With Books | Donald E Reynolds | IndividualWithBooksNm |
| Phone | 2072553347 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Machias Savings Bank 4 Center St | AddressLine1Txt |
| 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 | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| 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 | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| 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 (9 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 |
|---|---|---|---|---|---|---|---|---|
| Lawrence L Barker | ||||||||
| 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 |
| Edward L Hennessey Jr | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director/President | 0.20 | $0 | $0 | $0 |
| Donald E Reynolds | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director/Treasurer | 0.20 | $0 | $0 | $0 |
| Zachary Means | ||||||||
| 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 |
| Telford Allen III | ||||||||
| 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 |
| 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 | $458,338 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,742,039 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,200,377 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $3,200,377 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $48,006 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,152,371 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $157,619 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $157,619 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $670 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $670 | TotalTaxAmt |
| Distributable Before Adj | $156,949 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $156,949 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $156,949 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $210,000 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $210,000 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $670 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $209,330 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $156,949 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $25,834 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $8,358 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $34,192 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $210,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $156,949 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $53,051 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $87,243 | 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 | $87,243 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $25,834 | ExcessFromYear2Amt |
| Excess From Year1 | $8,358 | ExcessFromYear1Amt |
| Excess From Current Year | $53,051 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Lawrence L Barker President | 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 | 2072553347 | RecipientPhoneNum |
| Form And Info And Materials | Letter of application describing the nature and amount of the request, including any related business plans or projections. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | Awards generally limited to charitable development organizations located in or benefiting eastern Maine. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (25 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Aroostook County Action Program | |||||||
| PO Box 1116 | Presque Isle | ME | 04769 | N/A | PC | Program Support Grant | $7,500 |
| Big Brothers Big Sisters of Southern Maine | |||||||
| 625 Main Street | Westbrook | ME | 04092 | N/A | PC | Program Support Grant | $10,000 |
| Community Health and Counseling Services | |||||||
| 42 Cedar Street | Bangor | ME | 04401 | N/A | PC | Program Support Grant | $7,500 |
| Down East Community Hospital | |||||||
| 11 Hospital Way | Machias | ME | 04654 | N/A | PC | Facilities Grant | $25,000 |
| Downeast Community Partners | |||||||
| 248 Bucksport Road | Ellsworth | ME | 04605 | N/A | PC | Program Support Grant | $8,750 |
| Foundation for a Strong Maine Economy | |||||||
| 125 Community Drive Suite 201 | Augusta | ME | 04330 | N/A | PC | Program Support Grant | $10,000 |
| Greater Portland Immigrant Welcome Center | |||||||
| 24 Preble Street | Portland | ME | 04101 | N/A | PC | Program Support Grant | $10,000 |
| Habitat For Humanity of Greater Bangor | |||||||
| 382 Harlow Street | Bangor | ME | 04401 | N/A | PC | Program Support Grant | $5,000 |
| Hand In HandMano En Mano | |||||||
| PO Box 573 | Millbridge | ME | 04658 | N/A | PC | Program Support Grant | $7,500 |
| Housing Authority of the City of Brewer | |||||||
| 15 Colonial Circle 1 | Brewer | ME | 04412 | N/A | GOV | Program Support Grant | $3,750 |
| Immigrant Legal Advocacy Project | |||||||
| PO Box 17917 | Portland | ME | 04112 | N/A | PC | Program Support Grant | $5,000 |
| Information Technology Exchange (ITE) | |||||||
| 60 Industrial Road | Waterville | ME | 04901 | N/A | PC | Program Support Grant | $5,000 |
| Jumpstart Coalition for Personal Financial Literacy | |||||||
| PO Box 5024 | Augusta | ME | 04330 | N/A | PC | Program Support Grant | $5,000 |
| Maine Center For Coastal Fisheries | |||||||
| PO Box 27 | Stonington | ME | 04681 | N/A | PC | Program Support Grant | $5,000 |
| Maine Community Foundation | |||||||
| 245 Main Street | Ellsworth | ME | 04605 | N/A | PC | Program Support Grant | $25,000 |
| Maine Seacoast Mission | |||||||
| 127 West Street | Bar Harbor | ME | 04609 | N/A | PC | Program Support Grant | $5,000 |
| MCH Inc | |||||||
| 46 Summer Street | Rockland | ME | 04841 | N/A | PC | Program Support Grant | $5,000 |
| Midcoast Habitat For Humanity Inc | |||||||
| 799 West Street | Rockport | ME | 04856 | N/A | PC | Program Support Grant | $5,000 |
| Oceans Wide | |||||||
| 47 Middle Street | Hallowell | ME | 04553 | N/A | PC | Program Support Grant | $5,000 |
| Shaw House Homeless Youth Shelter | |||||||
| PO Box 1578 | Bangor | ME | 04402 | N/A | PC | Program Support Grant | $20,000 |
| Sumner Memorial High School | |||||||
| 2456 US Highway 1 | Sullivan | ME | 04664 | N/A | GOV | Program Support Grant | $5,000 |
| The Locker Project | |||||||
| PO Box 3134 | Portland | ME | 04104 | N/A | PC | Program Support Grant | $10,000 |
| United Way of Greater Portland | |||||||
| PO Box 15200 | Portland | ME | 04112 | N/A | PC | Program Support Grant | $5,000 |
| University of Maine System | |||||||
| 46 University Drive | Augusta | ME | 04330 | N/A | GOV | Program Support Grant | $5,000 |
| Upper Valley Economic Council | |||||||
| 36 School Street Suite 4 | Sherman | ME | 04776 | N/A | PC | Program Support Grant | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $210,000 | 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 | $8,433 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $58,509 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $102 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $67,044 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $67,044 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Machias Savings Bank | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | $1,130,716 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 1,000 shs of ANTM, 7,500 shs of BHB, 4,113 shs of CAC, 15,576 shs of FNLC | NoncashPropertyDesc |
| Fair Market Value | $1,130,716 | FairMarketValueAmt |
| Received | 2019-12-16 | ReceivedDt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (12 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 2,632 Shares AT&T Inc. | $9,552 | $102,859 |
| 975 Shares Proctor & Gamble | $4,864 | $121,778 |
| 500 Shares Citigroup | $33,295 | $39,945 |
| 1,000 Shares of Anthem, Inc. | $133,770 | $302,030 |
| 7,500 Shares of Bar Harbor Bankshares | $22,500 | $190,425 |
| 4,113 Shares Camden National Corporation | $43,601 | $189,445 |
| 854 Shares of Corteva Inc. | $3,002 | $25,244 |
| 854 Shares of Dow Inc. | $5,580 | $46,739 |
| 854 Shares of Dupont De Nemours Inc. | $8,613 | $54,827 |
| 15576 Shares of First Bancorp Inc. | $165,103 | $470,862 |
| 400 Shares of The Chemours Company | $0 | $7,236 |
| 284 Shares Travelers Companies Inc. | $0 | $38,894 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Book Value Adjustment for Donated Securities | Desc |
| Amt | $765,743 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Federal Excise Tax | CategoryTxt |
| Amt | $11,213 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |