2024-04-14T13:37:52-07:00 2023-12-31 990EZ 2023-01-01 830890686 MAINE LIGHTHOUSE TRUST MAIN 2072823148 6 HANSON LANE BIDDEFORD ME 04005 WALTER FOWSKI TREASURER 2072868068 2024-04-14 WALTER FOWSKI 999009999 1 1 11 1 AAL2 X 2023 2023-04-26 12:10:37Z X MAINELIGHTHOUSETRUST.ORG X X 103781 X 103780 0 0 1 0 0 0 0 0 0 0 0 0 0 0 103781 74563 0 0 4475 0 122 18866 98026 5755 -47773 15252 -26766 X 4450 11984 0 0 0 0 4450 11984 52223 38750 -47773 -26766 THE TRUST WAS INCORPORATED MAY 31, 2018 AND RECEIVED APPROVAL AS A SECTION 501(c)(3) PUBLIC CHARITY UNDER SECTION 170(b)(1)(A)(vi) ON MAY 30, 2019... ITS PRIMARY PURPOSE IS TO SUPPORT MAINE'S LIGHTHOUSE ORGANIZATIONS, PRESERVATION AND RESTORATION GROUPS, NONPROFITS, AND OTHER AFFILIATED ORGANIZATIONS AND TO SAVE MAINE'S ICONIC LIGHTHOUSES AND THEIR HERITAGE THROUGH RESTORATION AND THE EDUCATION OF CURRENT AND FUTURE GENERATIONS... FUNDING FOR THESE ACTIVITIES WILL BE PROVIDED BY THE SALE OF A NEW SPECIALTY LICENSE PLATE WHICH WAS APPROVED BY THE 130TH MAINE LEGISLATURE IN THE SPRING OF 2021 (LD266)... 2023 IS THE SECOND YEAR THAT THE TRUST RECEIVED THIS FUNDING FROM THE STATE.....IN 2023 THE TRUST MADE $74,563 IN GRANTS AND PAYMENTS TO MAINE'S LIGHTHOUSE COMMUNITY. MORE INFORMATION ON THE 12 RECIPIENTS AND USE OF THOSE FUNDS CAN BE FOUND IN THE SCHEDULE O NOTE FOR PART I, LINE 10 SUPPORTING MAINE'S LIGHTHOUSE ORGANIZATIONS: GRANTS WERE MADE TO 4 MAINE LIGHTHOUSE ORGANIZATIONS TOTALING $61563. THESE GRANTS PROVIDED FUNDING TO ENHANCE PUBLIC ACCESS AND/OR REPAIR AND PRESERVE THESE STRUCTURES. 61563 19400 A $1000 GRANT WAS GIVEN TO THE LIGHTHOUSE HISTORY RESEARCH INSTITUTE FOR ITS SUPPORT TO MAINE'S LIGHTHOUSE COMMUNITY 1000 300 PAYMENTS WERE MADE TO SEVEN LIGHTHOUSE ORGANIZATIONS AS PART OF THE TRUST'S "FOUNDER'S CAMPAIGN" COMMITMENT TO THE MAINE LIGHTHOUSE COMMUNITY. 12000 3750 23450 SEAN MURPHY PRESIDENT 15 0 0 0 WALTER FOWSKI TREASURER 10 0 0 0 JANET GERDING SECRETARY 5 0 0 0 0 0 0 0 0 0 0 1 38750 0 0 0 0 0 0 0 SEAN MURPHY 6 HANSON LANE BIDDEFORD ME 040059291 2072823148 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 28000 0 0 58820 103780 190600 0 0 0 0 0 0 0 0 0 0 0 0 28000 0 0 58820 103780 190600 0 190600 1 0 0 7 1 9 0 0 0 0 0 0 0 0 0 0 0 0 190609 0 0.99995 0.947 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED SEAN MURPHY PRESIDENT SEE PART V X 10000 12731 0 1 1 SEAN MURPHY PRESIDENT SEE PART V X 15000 18699 0 1 0 SEAN MURPHY PRESIDENT SEE PART V X 6000 7320 0 1 0 38750 Schedule L, Part II THE LOANS FROM THE FOUNDER AND PRESIDENT OF THE MAINE LIGHTHOUSE TRUST CARRY A 5% INTEREST RATE AND WERE MADE FOR THE PURPOSE OF FUNDING SOME STARTUP COSTS OF THE ORGANIZATION IN 2018, EFFORTS TO OBTAIN OVER 2000 PRE-ORDERS FOR THE NEW SPECIALTY LICENSE PLATE, AND OPERATING EXPENSES 2019, 2020, AND 2021 WHILE WAITING FOR THE MAINE 130TH LEGISLATURE TO APPROVE THE NEW PLATE IN ACCORDANCE WITH TITLE 29A OF MAINE REVISED STATUTES VIA LD266. THESE LOANS ARE BEING PAID OFF AS FUNDING PERMITS WITHOUT IMPACTING THE TRUST'S ABILITY TO SUPPORT ITS PRIMARY EXEMPT PURPOSE. Form 990-EZ, Part I, Line 10 IN 2023 GRANTS WERE MADE TO 5 INDEPENDENT 501(c)(3) ORGANIZATIONS: $1,000 (general support of Maine's lighthouse community) LIGHTHOUSE HISTORY RESEARCH INSTITUTE, EIN #82-5011606, 985 CUTLER RD. WHITING, ME 04691. $15,000 (repair of tower stairs for public access) EAGLE LIGHT CARETAKERS, EIN#13-3391233, 175 CHESTNUT ST., WINNETKA, IL 60093. $16,563 (new roof on keeper's house) FRIENDS OF SWAN'S ILSAND LIGHTHOUSE, EIN#26-4546654, PO BOX 86, SWAN'S ISLAND, ME 04685. $5,000 (public access bridge replacement) CITIZENS FOR SQUIRREL POINT LIGHT, EIN#30-0193082, PO BOX 764, ARROWSIC, ME 04530. $25,000 (replace collapsed public walkway)FRIENDS OF DOUBLING POINT LIGHT, EIN#01-0512986, PO BOX 225, BATH, ME 04530. IN ADDITION TO THE ABOVE, PAYMENTS WERE MADE IN ACCORDANCE WITH OUR" FOUNDERS CAMPAIGN". A TOTAL OF $12,000 WAS PAID TO SEVEN MAINE LIGHTHOUSE ORGANIZATIONS, ALL 501(C)(3) ORGANIZATIONS UNRELATED TO THE GRANTOR, WHOSE MEMBERSHIP SUPPORTED THE EFFORT TO OBTAIN STATE APPROVAL OF THE NEW SPECIALTY LICENSE PLATE. PAYMENTS RANGED FROM $100 TO $10,000. RECEIVING PAYMENTS WERE: THE AMERICAN LIGHTHOUSE FOUNDATION, $100, EIN#01-0499730, PO BOX 565, ROCKLAND, ME 04841. THE KENNEBUNKPOST CONSERVATION TRUST, $100, EIN#23-7271573, PO BOX 7004, CAPE PORPOISE, ME 04014. THE PRESUMPSCOT FOUNDATION, $1,500, EIN#27-1567070, 54 BARTOL ISLAND RD, FREEPORT, ME 04032. FRIENDS OF SEQUIN ISLAND LIGHT STATION, $100, EIN 84-4614057, 72 FRONT ST #3, BATH, ME 04530. THE SPRING POINT LEDGE LIGHT TRUST, $100, EIN#01-0523776, PO BOX 2311, SOUTH PORTLAND, ME 04106. FRIENDS OF WOOD ISLAND LIGHTHOUSE, $10,000, EIN 01-0499730, PO BOX 26, BIDDEFORD POOL, ME 04006. WEST QUODDY HEAD LIGHT KEEPER'S ASSOCIATION, $100, EIN#01-0544565, 973 S. LUBEC RD, LUBEC, ME 04652 Form 990-EZ, Part I, Line 16 Description;Amount^MAINE ANNUAL REPORT FILING FEE;35|MAINE SOLICITATION LICENSE FEE;70|MAINE PHILANTHROPY CENTER MEMBERSHIP;445|MAINE ASSOCIATION OF NON PROFITS MEMBERSHIP;100|MLT DEDICATED COMPUTER FOR SECRETARY;1170|AFCU BANK FEES;15|REPAYMENT OF THE 12875 LOAN PLUS INTEREST;15252|INTEREST ON 4 OUTSTANDING LOANS;1779^Total;18866^ Form 990-EZ, Part I, Line 20 ON 08/30/2019 THE TRUST BORROWED $12,875 FROM ITS FOUNDER TO MEET OPERATING EXPENSES UNTIL THE NEW SPECIALTY LICENSE PLATE WAS APPROVED BY THE STATE OF MAINE. THAT LOAN WAS REPAID WITH INTEREST ($15,252) ON 05/10/2023. THAT TRANSACTION AFFECTED THE ASSETS AND FUND BALANCES OF THE ORGANIZATION. Form 990-EZ, Part II, Line 26 PRINCIPAL ($31,000) PLUS INTEREST ($7,750) ON THREE OUTSTANDING LOANS. SEE SCHEDULE L FOR MORE LOAN INFORMATION.