Instrumentl eFile Render
Object ID: 202143079349302949 - Rendered 2024-05-05
TIN: 01-0391479
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
20
Open to Public Inspection
Name of the organization
Maine Community Foundation Inc
Employer identification number
01-0391479
Part I
Identification of Disregarded Entities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Total income
(e)
End-of-year assets
(f)
Direct controlling
entity
Part II
Identification of Related Tax-Exempt Organizations.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))
(f)
Direct controlling
entity
(g)
Section 512(b)(13) controlled entity?
Yes
No
(1)
Maine Community Supporting Foundation
245 Main Street
Ellsworth
,
ME
04605
01-0517228
Support MCF by receiving real estate and other unique charitable gifts
ME
501(c)(3)
Line 12a, I
Maine Community Foundation
Yes
(2)
Edward H Daveis Benevolent Fund
245 Main Street
Ellsworth
,
ME
04605
01-0473137
Support MCF through grant making activities
ME
501(c)(3)
Line 12a, I
Maine Community Foundation
Yes
(3)
Vincent B & Barbara G Welch Supporting Organization
245 Main Street
Ellsworth
,
ME
04605
27-0676659
Support MCF through grant making activities
ME
501(c)(3)
Line 12a, I
Maine Community Foundation
Yes
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2020
Schedule R (Form 990) 2020
Page
2
Part III
Identification of Related Organizations Taxable as a Partnership.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Type of entity
(C corp, S corp,
or trust)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Percentage
ownership
(i)
Section 512(b)(13) controlled entity?
Yes
No
(1)
Richard J McGoldrick Charitable Remainder Annuity Trust 2019
C/O Spinnaker Trust 123 Free Street
Portland
,
ME
04101
Charitable Remainder Trust
ME
Maine Community Foundation
T
1,415,165
100.000 %
No
(2)
Mary S Marshal Charitable Remainder Unitrust
C/O Vanguard National Trust PO Box
Valley Forge
,
PA
194820709
Charitable Remainder Trust
ME
Maine Community Foundation
T
1,205,291
100.000 %
No
(3)
Roger A Fessaguet 2013 Charitable Remainder Trust No 1
C/O Law Offices of JJ Lynch PO Box
Damariscotta
,
ME
04543
Charitable Remainder Trust
ME
Maine Community Foundation
T
373,503
100.000 %
No
(4)
David K Silverman Charitable Remainder Unitrust
C/O Bank of America PO Box 830269
Dallas
,
TX
75283
Charitable Remainder Trust
ME
Maine Community Foundation
T
371,740
100.000 %
No
(5)
Stanley N Marshall III Charitable Remainder Unitrust
C/O Vanguard National Trust PO Box
Valley Forge
,
PA
194820709
Charitable Remainder Trust
ME
Maine Community Foundation
T
208,655
100.000 %
No
(6)
Andrew Marshall Charitable Remainder Unitrust
C/O Vanguard National Trust PO Box
Valley Forge
,
PA
194820709
Charitable Remainder Trust
ME
Maine Community Foundation
T
198,343
100.000 %
No
(7)
Rachel Samsel Charitable Remainder Unitrust
C/O Vanguard National Trust PO Box
Valley Forge
,
PA
194820709
Charitable Remainder Trust
ME
Maine Community Foundation
T
146,765
100.000 %
No
(8)
Roger A Fessaguet 2013 Charitable Remainder Trust No 2
C/O Law Offices of JJ Lynch PO Box
Damariscotta
,
ME
04543
Charitable Remainder Trust
ME
Maine Community Foundation
T
119,981
100.000 %
No
(9)
Sedgwick Charitable Remainder Trust
C/O Multop Financial 2210 Rimland D
Bellingham
,
WA
98226
Charitable Remainder Trust
ME
Maine Community Foundation
T
21,118
100.000 %
No
(10)
Donald and Joan Allen Charitable Remainder Unitrust
C/O First National Bank of Bar Harb
Bar Harbor
,
ME
04609
Charitable Remainder Trust
ME
Maine Community Foundation
T
100.000 %
No
Schedule R (Form 990) 2020
Schedule R (Form 990) 2020
Page
3
Part V
Transactions With Related Organizations.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note.
Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1
During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a
Receipt of
(i)
interest,
(ii)
annuities,
(iii)
royalties, or
(iv)
rent from a controlled entity
.....................
1a
No
b
Gift, grant, or capital contribution to related organization(s)
............................
1b
No
c
Gift, grant, or capital contribution from related organization(s)
............................
1c
No
d
Loans or loan guarantees to or for related organization(s)
............................
1d
No
e
Loans or loan guarantees by related organization(s)
............................
1e
No
f
Dividends from related organization(s)
............................
1f
No
g
Sale of assets to related organization(s)
............................
1g
No
h
Purchase of assets from related organization(s)
............................
1h
No
i
Exchange of assets with related organization(s)
............................
1i
No
j
Lease of facilities, equipment, or other assets to related organization(s)
.......................
1j
No
k
Lease of facilities, equipment, or other assets from related organization(s)
......................
1k
No
l
Performance of services or membership or fundraising solicitations for related organization(s)
.....................
1l
Yes
m
Performance of services or membership or fundraising solicitations by related organization(s)
.................
1m
No
n
Sharing of facilities, equipment, mailing lists, or other assets with related organization(s)
...................
1n
No
o
Sharing of paid employees with related organization(s)
............................
1o
No
p
Reimbursement paid to related organization(s) for expenses
............................
1p
No
q
Reimbursement paid by related organization(s) for expenses
............................
1q
No
r
Other transfer of cash or property to related organization(s)
............................
1r
No
s
Other transfer of cash or property from related organization(s)
............................
1s
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization
(b)
Transaction
type (a-s)
(c)
Amount involved
(d)
Method of determining amount involved
(1)
Edward H Daveis Benevolent Fund
L
29,331
Actual per Books
(2)
Vincent B & Barbara G Welch Supporting Organization
L
75,475
Actual per Books
Schedule R (Form 990) 2020
Schedule R (Form 990) 2020
Page
4
Part VI
Unrelated Organizations Taxable as a Partnership.
Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity
(b)
Primary activity
(c)
Legal domicile
(state or foreign
country)
(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)
(e)
Are all partners
section
501(c)(3)
organizations?
(f)
Share of total income
(g)
Share of
end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
Yes
No
Schedule R (Form 990) 2020
Schedule R (Form 990) 2020
Page
5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference
Explanation
Schedule R (Form 990) 2020
Additional Data
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