Civic Intelligence

Robert W Traip Trust

990 • Fiscal year 2021 • EIN 01-0242095

Jul 01, 2020 to Jun 30, 2021 • Filed on May 24, 2023

Organization ProfileN/A
PO Box 18Kittery, ME 03904

(207) 439-3612

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.07x

Higher debt load relative to assets than 39% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

4.97x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

52nd percentile

13%

Higher net margin than 52% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

76th percentile

25%

Faster asset growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

12th percentile

-20%

Faster revenue growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$9,351,795

Up $1,874,186 (+25%) from 2020

Net Assets

Up

$8,722,551

Up $1,731,282 (+25%) from 2020

Liabilities

Up

$629,244

Up $142,904 (+29%) from 2020

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin52nd percentile

Revenue

Down

$126,715

Down $31,369 (-20%) from 2020

Expenses

Up

$109,818

Up $2,368 (+2.2%) from 2020

Net Income

Down

$16,897

Down $33,737 (-67%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2012: $3,267,448Liabilities 2012: $0Net Assets 2012: $3,267,4482012Assets 2013: $3,724,993Liabilities 2013: $0Net Assets 2013: $3,724,9932013Assets 2014: $4,435,952Liabilities 2014: $0Net Assets 2014: $4,435,9522014Assets 2015: $4,648,032Liabilities 2015: $0Net Assets 2015: $4,648,0322015Assets 2016: $4,550,793Liabilities 2016: $0Net Assets 2016: $4,550,7932016Assets 2017: $5,447,276Liabilities 2017: $0Net Assets 2017: $5,447,2762017Assets 2018: $6,480,818Liabilities 2018: $19,187Net Assets 2018: $6,461,6312018Assets 2019: $7,195,630Liabilities 2019: $465,637Net Assets 2019: $6,729,9932019Assets 2020: $7,477,609Liabilities 2020: $486,340Net Assets 2020: $6,991,2692020Assets 2021: $9,351,795Liabilities 2021: $629,244Net Assets 2021: $8,722,5512021Assets 2022: $8,299,461Liabilities 2022: $537,864Net Assets 2022: $7,761,5972022Assets 2023: $9,612,091Liabilities 2023: $626,654Net Assets 2023: $8,985,4372023Assets 2024: $11,205,450Liabilities 2024: $722,289Net Assets 2024: $10,483,1612024

Highlighted filing

2021

Assets$9,351,795
Liabilities$629,244
Net Assets$8,722,551
Open 2021 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Revenue 2012: $95,350Expenses 2012: $90,639Net Income 2012: $4,7112012Revenue 2013: $100,963Expenses 2013: $87,584Net Income 2013: $13,3792013Revenue 2014: $118,965Expenses 2014: $99,407Net Income 2014: $19,5582014Revenue 2015: $217,495Expenses 2015: $96,808Net Income 2015: $120,6872015Revenue 2016: $113,590Expenses 2016: $112,563Net Income 2016: $1,0272016Revenue 2017: $501,549Expenses 2017: $105,676Net Income 2017: $395,8732017Revenue 2018: $581,243Expenses 2018: $125,087Net Income 2018: $456,1562018Revenue 2019: $271,119Expenses 2019: $110,208Net Income 2019: $160,9112019Revenue 2020: $158,084Expenses 2020: $107,450Net Income 2020: $50,6342020Revenue 2021: $126,715Expenses 2021: $109,818Net Income 2021: $16,8972021Revenue 2022: $113,869Expenses 2022: $87,742Net Income 2022: $26,1272022Revenue 2023: $152,821Expenses 2023: $93,904Net Income 2023: $58,9172023Revenue 2024: $260,738Expenses 2024: $173,145Net Income 2024: $87,5932024

Highlighted filing

2021

Revenue$126,715
Expenses$109,818
Net Income$16,897
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 24, 2023
Return Version
2020v4.0
Gross Receipts
$126,715
Mission and Program Overview

Mission

To promote education in the town of kittery

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,420,227$9,285,866▲ $1,865,639
Savings and Temporary Cash Investments$56,419$64,966▲ $8,547
Prepaid Expenses and Deferred Charges$963$963→ $0
Total Assets$7,477,609$9,351,795▲ $1,874,186
Liabilities
Other Liabilities$481,293$605,816▲ $124,523
Accounts Payable and Accrued Expenses$5,047$23,428▲ $18,381
Total Liabilities$486,340$629,244▲ $142,904
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,967,601$4,940,375▲ $972,774
Net Assets With Donor Restrictions$3,023,668$3,782,176▲ $758,508
Total Net Assets Fund Balance$6,991,269$8,722,551▲ $1,731,282
Total Liabilities and Net Assets / Fund Balance$7,477,609$9,351,795▲ $1,874,186

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$6,909,173$3,000▲ $1,838,100$38,402$8,640,705
2020$6,648,563$11,000▲ $357,726$37,897$6,909,956
2019$6,041,574$116,874▲ $706,300$93,515$6,648,563
2018$5,070,762$435,000▲ $656,951$9,302$6,041,574
2017$4,550,798$500▲ $625,136$10,047$5,070,762
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Jay DurginPresident
Benjamin BriggsTrustee
Blane SillsbyTrustee
Bret TaylorTrustee
Debra HartmanTrustee
Eric LemontTrustee
Kenneth E LemontTrustee
Tammy Hoyt MelcherSecretary
Daniel O Seaward JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,000
Program Service Revenue
$0
Investment Income
$123,715
Other Revenue
$0
All Other Contributions
$3,000
Change in Net Assets
$16,897

Audited Revenue Reconciliation

Revenue per Audited Statements
$126,715
Revenue Not Reported on Form 990
$1,714,385
Total Revenue per Audited Statements
$1,841,100
Total Revenue per Form 990
$126,715
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$97,289
Other Expenses$12,529
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$58,887--$58,887
Grants to Domestic Orgs$38,402--$38,402
Fees for Services Accounting-$6,440-$6,440
Office Expenses$346$3,110-$3,456
Insurance-$2,633-$2,633
Total Functional Expenses$97,635$12,183$0$109,818

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$109,818
Total Expenses per Audited Statements$109,818
Total Expenses per Form 990$109,818
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Town of Kittery Maine School DeptKittery, ME6School Equipment$38,402
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$605,816
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The treasurer of the board reviews and signs the return prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Annual full disclosure, by notice in writing, shall be made by the interested parties to the full board of directors in all conflicts of interest. Following full disclosure of a possible conflict of interest, the board of directors shall determine whether a conflict of interest exists, and if so, the board shall vote to authorize or reject the transaction or take any other action deemed necessary to address the conflict and protect the trust's best interests.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Robert W Traip Trust
EIN
01-0242095
Phone
2074393612
Address
PO BOX 18, KITTERY, ME 03904

Signing Officer

Name
Daniel O Seaward Jr
Title
Treasurer
Phone
2074394689
Signed
2023-05-24

Organization Details

Principal Officer
Daniel O Seaward Jr
Formed
1905
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
11

Preparer

Firm
Smith & Associates Cpas
Address
500 US ROUTE 1 STE 102, YARMOUTH, ME 04096-6817
Preparer
Amanda Schultz Brown CPA
Phone
2078468881
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The trust's endowment fund is comprised of donor-designated and board- designated funds to function as endowment funds. Net assets consisting of those funds are classified and reported on the existence or absence of donor-imposed restrictions. The income from the funds is used for donor specified purposes including kittery student scholarships and culture and education purposes within the kittery school system and library. Operating overhead of the fund is provided by unrestricted earnings.”

Raw XML AppendixShowing 400 of 406 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05047
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt023428
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROMOTE EDUCATION IN THE TOWN OF KITTERY
IRS990/AllOtherContributionsAmt03000
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0DANIEL O SEAWARD JR
IRS990/BooksInCareOfDetail/PhoneNum02074394689
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02 CHAUNCEY CREEK ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0KITTERY POINT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990/BooksInCareOfDetail/USAddress/ZIPCd003905
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03000
IRS990/CYGrantsAndSimilarPaidAmt097289
IRS990/CYInvestmentIncomeAmt0123715
IRS990/CYOtherExpensesAmt012529
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt016897
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0109818
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0126715
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0TO PURCHASE AND MAINTAIN SCHOOL EQUIPMENT AND BOOKS,PROVIDE WATCH AND SCHOLARSHIP AWARDS AND TO PROMOTE EDUCATION AND CULTURAL PROGRAMS FOR THE STUDENTS OF THE TOWN OF KITTERY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt03023668
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt03782176
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt097635
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06440
IRS990/FeesForServicesAccountingGrp/TotalAmt06440
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.15
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.15
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.15
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.15
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.10
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0BENJAMIN BRIGGS
IRS990/Form990PartVIISectionAGrp/PersonNm1JAY DURGIN
IRS990/Form990PartVIISectionAGrp/PersonNm2DEBRA HARTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3DANIEL O SEAWARD JR
IRS990/Form990PartVIISectionAGrp/PersonNm4ERIC LEMONT
IRS990/Form990PartVIISectionAGrp/PersonNm5KENNETH E LEMONT
IRS990/Form990PartVIISectionAGrp/PersonNm6TAMMY HOYT MELCHER
IRS990/Form990PartVIISectionAGrp/PersonNm7BLANE SILLSBY
IRS990/Form990PartVIISectionAGrp/PersonNm8BRET TAYLOR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01905
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt097289
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt058887
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt058887
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt038402
IRS990/GrantsToDomesticOrgsGrp/TotalAmt038402
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0126715
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02633
IRS990/InsuranceGrp/TotalAmt02633
IRS990/InvestmentIncomeGrp/ExclusionAmt0123715
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0123715
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07420227
IRS990/InvestmentsPubTradedSecGrp/EOYAmt09285866
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0ME
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE EDUCATION IN THE TOWN OF KITTERY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06991269
IRS990/NetAssetsOrFundBalancesEOYAmt08722551
IRS990/NetUnrlzdGainsLossesInvstAmt01714385
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03967601
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04940375
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03110
IRS990/OfficeExpensesGrp/ProgramServicesAmt0346
IRS990/OfficeExpensesGrp/TotalAmt03456
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherLiabilitiesGrp/BOYAmt0481293
IRS990/OtherLiabilitiesGrp/EOYAmt0605816
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0963
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0963
IRS990/PrincipalOfficerNm0DANIEL O SEAWARD JR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt011000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt096596
IRS990/PYInvestmentIncomeAmt0147084
IRS990/PYOtherExpensesAmt010854
IRS990/PYRevenuesLessExpensesAmt050634
IRS990/PYTotalExpensesAmt0107450
IRS990/PYTotalRevenueAmt0158084
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt016897
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt056419
IRS990/SavingsAndTempCashInvstGrp/EOYAmt064966
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ROBERT W. TRAIP TRUST MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE CITIZENS AND PUBLIC OFFICIALS OF THE TOWN OF KITTERY. AS A RESULT OF THIS RELATIONSHIP THE TOWN OF KITTERY, BOTH THROUGH ITS CITIZENS AND ITS PUBLIC OFFICIALS, ALWAYS HAS A SIGNIFICANT VOICE IN THE INVESTMENT POLICIES OF THE ORGANIZATION, IN THE TIMING OF GRANTS, THE MANNER OF MAKING THEM, THE SELECTION OF RECIPIENTS OR PROJECTS TO BE SUPPORTED, AND IN OTHERWISE DIRECTING THE USE OF THE INCOME AND ASSETS OF THE ROBERT W. TRAIP TRUST AS A SUPPORTING ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1AS DESCRIBED IN LINE 2, THE TOWN OF KITTERY HAS A SIGNIFICANT VOICE IN THE ORGANIZATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE ORGANIZATION'S INCOME OR ASSETS AT ALL TIMES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE ROBERT W. TRAIP TRUST PERFORMS SIGNIFICANT FUNCTIONS IN THE AREA OF EDUCATION WHICH WOULD NORMALLY BE PERFORMED BY THE TOWN OF KITTERY, MAINE'S SCHOOL DEPARTMENT ITSELF. THESE PROJECTS INCLUDE THE FUNDING OF LIBRARY FACILITIES, MULTI-MEDIA CENTERS, ATHLETIC FACILITIES, COMPUTER SERVICES AND RELATED EQUIPMENT, MEDIA EQUIPMENT, FIELD TRIPS, CULTURAL ENRICHMENT ACTIVITIES, EXTRA-CURRICULAR ACTIVITIES AT THE SCHOOL, ETC. SINCE MOST OF THESE PAYMENTS ARE SPECIFICALLY EARMARKED FOR PARTICULAR PROJECTS, R.W. TRAIP TRUST MAINTAINS THAT IT CLEARLY MEETS THE INTEGRAL PART TEST. R.W. TRAIP TRUST ALSO FUNDS SECONDARY EDUCATION SCHOLARSHIPS SPECIFICALLY FOR THE TOWN OF KITTERY SCHOOL DEPARTMENT GRADUATES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 1C
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0010377943
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt097289
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0TOWN OF KITTERY MAINE SCHOOL DEPARTMENT
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0TOWN OF KITTERY MAINE SCHOOL DEPARTMENT
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt097289
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.56210
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt012280
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06909173
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt03000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt08640705
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt058886
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01838100
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt038402
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt010735
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06648563
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt011000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06909956
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt058701
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0357726
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt037897
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt026343
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt06041574
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0116874
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06648563
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt096327
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0706300
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt093515
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt024528
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05070762
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0435000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt06041574
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt087309
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0656951
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt09302
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt021750
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04550798
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt05070762
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt073875
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0625136
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt010047
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0109818
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01714385
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0605816
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD FOR OTHERS
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.08070
IRS990ScheduleD/RevenueNotReportedAmt01714385
IRS990ScheduleD/RevenueSubtotalAmt0126715
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST'S ENDOWMENT FUND IS COMPRISED OF DONOR-DESIGNATED AND BOARD- DESIGNATED FUNDS TO FUNCTION AS ENDOWMENT FUNDS. NET ASSETS CONSISTING OF THOSE FUNDS ARE CLASSIFIED AND REPORTED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE INCOME FROM THE FUNDS IS USED FOR DONOR SPECIFIED PURPOSES INCLUDING KITTERY STUDENT SCHOLARSHIPS AND CULTURE AND EDUCATION PURPOSES WITHIN THE KITTERY SCHOOL SYSTEM AND LIBRARY. OPERATING OVERHEAD OF THE FUND IS PROVIDED BY UNRESTRICTED EARNINGS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.35720
IRS990ScheduleD/TotalExpensesPerForm990Amt0109818
IRS990ScheduleD/TotalLiabilityAmt0605816
IRS990ScheduleD/TotalRevenuePerForm990Amt0126715
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01841100
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0109818
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt058887
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt01-4 YR. EDUC. SCHOLARSHIP
IRS990ScheduleI/RecipientTable/CashGrantAmt038402
IRS990ScheduleI/RecipientTable/IRCSectionDesc06
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOOL EQUIPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TOWN OF KITTERY MAINE SCHOOL DEPT
IRS990ScheduleI/RecipientTable/RecipientEIN0010377943
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0200 ROGERS ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0KITTERY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ME
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd003904
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS ISSUED TO INDIVIDUALS ARE DISTRIBUTED TO THE RECIPIENTS' SCHOOL UPON RECEIPT BY THE BOARD OF SATISFACTORY GRADE RECORDS. GRANTS AWARDED TO RICE PUBLIC LIBRARY AND/OR KITTERY SCHOOL DEPARTMENT ARE REIMBURSEMENT TYPE AWARDS. THE BOARD VOTES ON EXPENDITURES THEY ARE WILLING TO COVER THE SCHOOL THEN PURCHASES THE ITEMS AND IS REIMBURSED UPON RECEIPT OF INVOICE BY THE BOARD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER OF THE BOARD REVIEWS AND SIGNS THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL FULL DISCLOSURE, BY NOTICE IN WRITING, SHALL BE MADE BY THE INTERESTED PARTIES TO THE FULL BOARD OF DIRECTORS IN ALL CONFLICTS OF INTEREST. FOLLOWING FULL DISCLOSURE OF A POSSIBLE CONFLICT OF INTEREST, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS, AND IF SO, THE BOARD SHALL VOTE TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT AND PROTECT THE TRUST'S BEST INTERESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07477609
IRS990/TotalAssetsEOYAmt09351795
IRS990/TotalAssetsGrp/BOYAmt07477609
IRS990/TotalAssetsGrp/EOYAmt09351795
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012183
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt097635
IRS990/TotalFunctionalExpensesGrp/TotalAmt0109818
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0486340
IRS990/TotalLiabilitiesEOYAmt0629244
IRS990/TotalLiabilitiesGrp/BOYAmt0486340
IRS990/TotalLiabilitiesGrp/EOYAmt0629244
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06991269
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08722551
IRS990/TotalProgramServiceExpensesAmt097635
IRS990/TotalRevenueGrp/ExclusionAmt0123715
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0126715
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07477609
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09351795
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL O SEAWARD JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02074394689
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROBERT W TRAIP TRUST
ReturnHeader/Filer/BusinessNameControlTxt0ROBE
ReturnHeader/Filer/EIN0010242095
ReturnHeader/Filer/PhoneNum02074393612
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 18
ReturnHeader/Filer/USAddress/CityNm0KITTERY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd003904
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010522395
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH & ASSOCIATES CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 US ROUTE 1 STE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0YARMOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0040966817
ReturnHeader/PreparerPersonGrp/PhoneNum02078468881
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMANDA SCHULTZ BROWN CPA
ReturnHeader/ReturnTs02023-05-25T11:47:36-04:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,351,795
Liabilities
$629,244
Net assets
$8,722,551
Revenue
$126,715
Expenses
$109,818
Net income
$16,897
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.2$0.72$10.5$0.26$0.17$0.09
2023Detailed filing. Detailed filing data is available for this year.$9.61$0.63$8.99$0.15$0.09$0.06
2022Detailed filing. Detailed filing data is available for this year.$8.30$0.54$7.76$0.11$0.09$0.03
2021Detailed filing. Detailed filing data is available for this year.$9.35$0.63$8.72$0.13$0.11$0.02
2020Detailed filing. Detailed filing data is available for this year.$7.48$0.49$6.99$0.16$0.11$0.05
2019Detailed filing. Detailed filing data is available for this year.$7.20$0.47$6.73$0.27$0.11$0.16
2018Detailed filing. Detailed filing data is available for this year.$6.48$0.02$6.46$0.58$0.13$0.46
2017Detailed filing. Detailed filing data is available for this year.$5.45$0.00$5.45$0.50$0.11$0.40
2016Detailed filing. Detailed filing data is available for this year.$4.55$0.00$4.55$0.11$0.11$0.00
2015Detailed filing. Detailed filing data is available for this year.$4.65$0.00$4.65$0.22$0.10$0.12
2014Detailed filing. Detailed filing data is available for this year.$4.44$0.00$4.44$0.12$0.10$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.72$0.00$3.72$0.10$0.09$0.01
2012Summary only. Only limited summary data is available for this year.$3.27$0.00$3.27$0.10$0.09$0.00