Olive A Coates Charitable Tr in Portland, Maine (ME)

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Olive A Coates Charitable Tr
Employer Identification Number (EIN)016149204
Name of OrganizationOlive A Coates Charitable Tr
In Care of NameH M Payson & Co John C Knox
AddressPO BOX 31, Portland, ME 04112-0031
SubsectionCharitable Organization
Ruling Date01/2000
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$3,625,915
Amount of Income$1,393,576
Form 990 Revenue Amount$282,985
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2013: $1,393,576 (it was $1,860,854 in 2012)
This organization: 

 $1,393,576
Other organizations performing similar types of work: 

 $103,138

Assets in 2013: $3,625,915 (it was $3,463,669 in 2012)
This organization: 

 $3,625,915
Other organizations performing similar types of work: 

 $338,623

Expenses in 2012: $223,224
This organization: 

 $223,224
Other organizations performing similar types of work: 

 $46,867

Income to expenses ratio in 2012: 6.2
This organization: 

 6.2
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2012: 0.0%
Olive A Coates Charitable Tr: 

 0.0%
Other organizations performing similar types of work: 

 79.6%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$421,784$421,784$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$130,060
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$291,724
Total expenses and disbursements$223,224$13,862$0$206,879
Compensation of officers, directors, trustees, etc.$23,710
Total operating and administrative expenses$27,103$13,862$10,758
Contributions, gifts, grants paid$196,121
Excess of revenue over expenses and disbursements$198,560
Net investment income$407,922
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$3,463,669$4,440,107
Cash - non-interest-bearing$1,032
Investments-U.S. and state government obligations$0
Investments-corporate stock$2,848,524
Investments-corporate bonds$70,330
Investments-mortgage loans$0
Investments-other$416,164
Other$127,619
Total liabilities$0
Total liabilities and net assets/fund balances$3,463,669
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$291,724
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$4,079
Total credits and payments$2,692
2012 estimated tax payments and 2011 overpayment credited to 2012$2,692
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$1,387
Overpayment$0
Amount to be credited to 2013 estimated tax$0
Statements Regarding Activities (for 2012)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?Yes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$4,545,194
Net value of noncharitable-use assets$4,477,020
Minimum investment return$223,851
Distributable Amount (for 2012)
Distributable amount$219,772
Undistributed Income (for 2012)
Distributable amount for 2012$219,772
Undistributed income for 2012. This amount must be distributed in 2013$91,008
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Kosciusko 21st Century Foundation Inc2170 N Pointe Dr, Warsaw, IN 46582-9043IN1967-11$51,892,952
2The Beall Family Foundation1200 Newport Center Dr Ste 220, Newport Beach, CA 92660-0933CA2001-02$5,367,504
3North Penn Community Health Foundation2506 N Broad St Ste 206, Colmar, PA 18915-9439PA1956-03$4,255,777
4Wem 2000 Foundation, Martin Phillip H TteePO BOX 5628, Minneapolis, MN 55440-5628MN2000-09$2,030,901
5Henry E & Nancy H Bartels Trust Fbo, University Of New HavenPO BOX 187169, Hamden, CT 06518-7020CT1989-04$1,900,735
6Pugdin Memorial Fund P 6162000410 S Dearborn Il1-0117, Chicago, IL 60603-2300IL2000-03$1,622,699
7Lancaster County Partners For Youth IncPO BOX 1023, Lancaster, SC 29721-1023SC1996-10$1,386,899
8Abner F Morison Tr Fund, Bar Harbor Bank & TrustPO BOX 1100, Ellsworth, ME 04605-1100ME1993-03$1,120,833
9Cargill Macmillan Jr Charitable Tr, Martin Phillip H TteePO BOX 5628, Minneapolis, MN 55440-5628MN2000-09$399,725
10Gordon G Wilson Trust Uw Fbo, Covington United10 S Dearborn, Chicago, IL 60603-2300IL2000-01$234,293
11Cascade FoundationPO BOX 958, Rockport, ME 04856-0958ME2006-09$4,129,145
12Hattie A & Fred C Lynam Trust 64PO BOX 1100, Ellsworth, ME 04605-1100ME2008-08$2,928,411
13Olive A Coates Charitable TrPO BOX 31, Portland, ME 04112-0031ME2000-01$1,393,576
14Narragansett Number One FoundationPO BOX 779, Bar Mills, ME 04004-0779ME2001-12$1,214,978
15Redco Foundation IncPO BOX 507, Portland, ME 04112-0507ME2002-03$1,101,139
16Pond Family Foundation3 Canter Ln, Cape Eliz, ME 04107-2028ME2004-08$772,686
17P D Merrill Charitable Tr U-A Dtd 11-02-06, John Achatz TteePO BOX 7950, Portland, ME 04112-7950ME2008-01$701,235
18Karen Anne Bollwerk Burke And William A Burke Family Charitable, Burke K A B & William A Burke TteesC/O PEOPLES UNITED BANK PO BOX, Portland, ME 04112ME2001-01$484,198
19Esther Chesley Charitable Trust201 Main St, Bangor, ME 04401-6402ME2008-06$406,309
20Robert I Quigley Trust B Uw Dtd 4-4-82, Thomas M Pierce Et Als TrusteesPO BOX 31, Portland, ME 04112-0031ME2009-03$353,613
Number of organizations performing similar types of work
Alaska9
Alabama199
Arkansas82
Arizona267
California2,351
Colorado400
Connecticut391
District of Columbia107
Delaware405
Florida1,490
Georgia455
Hawaii86
Iowa147
Idaho73
Illinois1,069
Indiana261
Kansas152
Kentucky147
Louisiana127
Massachusetts713
Maryland422
Maine67
Michigan549
Minnesota327
Missouri308
Mississippi56
Montana59
North Carolina649
North Dakota15
Nebraska126
New Hampshire66
New Jersey849
New Mexico78
Nevada194
New York2,454
Ohio628
Oklahoma223
Oregon179
Pennsylvania935
Rhode Island181
South Carolina141
South Dakota32
Tennessee192
Texas1,225
Utah217
Virginia452
Vermont36
Washington375
Wisconsin334
West Virginia49
Wyoming61
International38
Total20,448

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