2025-03-11T13:18:01-05:00 2024-06-30 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990PF 2023-07-01 010523143 OXFORD HILLS SCHOLARSHIP FOUNDATION OXFO 2078287500 232 MAIN STREET SUITE 2 SOUTH PARIS ME 04281 HEATHER MANCHESTER TREASURER 2078287500 2025-03-10 1 1 JULIA HOWLAND CPA P01711658 2077745701 2025-03-10 2023 2025-03-06 01:10:19Z X 13413395 X 12902 97164 97164 152757 152757 305237 2533643 305237 568060 555158 0 0 0 49735 49735 0 49735 49735 0 648017 648017 697752 49735 648017 -129692 505423 20546 21717 21717 434395 430943 404383 5391946 5471931 10417706 2548869 2229333 2157096 282972 389905 385231 22055 27262 27262 8700783 8571091 13413395 0 0 X 6426231 6426231 0 0 2274552 2144860 8700783 8571091 8700783 8571091 8700783 -129692 0 8571091 0 8571091 PUBLICLY TRADED SECURITIES P 2528109 2228406 299703 299703 CAPITAL GAINS DIVIDENDS P 5534 5534 5534 305237 7025 0 7025 0 7025 3320 0 6000 0 9320 X 0 2295 2295 0 0 0 0 0 0 0 0 0 0 0 1 1 ME 1 0 0 0 0 1 N/A HEATHER MANCHESTER 2078287500 232 MAIN ST SOUTH PARIS ME 04281 0 0 0 0 0 0 0 0 0 2021 0 0 0 0 0 0 0 0 0 0 0 0 RICHARD P COLPITTS 1570 MAIN ST OXFORD ME 04270 PRESIDENT 1.00 0 0 0 JENNIFER SUNDAY 1570 MAIN ST OXFORD ME 04270 VICE PRESIDENT 1.00 0 0 0 HEATHER MANCHESTER 1570 MAIN ST OXFORD ME 04270 SECRETARY/TREASURER 1.00 0 0 0 ANGELA BANCROFT 1570 MAIN ST OXFORD ME 04270 DIRECTOR 1.00 0 0 0 CURTIS COLE 1570 MAIN ST OXFORD ME 04270 DIRECTOR 1.00 0 0 0 MARK S EASTMAN 1570 MAIN ST OXFORD ME 04270 DIRECTOR 1.00 0 0 0 ANNA GREGOIRE 1570 MAIN ST OXFORD ME 04270 DIRECTOR 1.00 0 0 0 RYAN KNAPP 1570 MAIN ST OXFORD ME 04270 DIRECTOR 1.00 0 0 0 WILLIAM L MEDD 1570 MAIN ST OXFORD ME 04270 DIRECTOR 1.00 0 0 0 JEFF WILSON 1570 MAIN ST OXFORD ME 04270 DIRECTOR (TERMED APRIL, 2024) 1.00 0 0 0 NONE 0 NONE 0 0 12795416 98969 0 12894385 0 0 12894385 193416 12700969 635048 635048 7025 7025 628023 0 628023 0 628023 648017 0 648017 628023 575284 2021 149000 0 648017 575284 72733 0 0 0 0 0 0 76267 76267 0 0 628023 0 0 0 X STUDENT RECIPIENTS 232 MAIN ST SOUTH PARIS ME 04281 NONE NONE EDUCATIONAL SCHOLARSHIPS 648017 648017 0 14 97164 14 152757 18 305237 0 555158 0 555158 0 0 0 0 0 0 0 0 0 0 X X 1 NORWAY SAVINGS BANK 261 MAIN ST NORWAY ME 04268 5681 X PURSUANT TO IRC SEC. 4942(H)(2) AND REG. 53.4942(A)-3(D)(2), THE ABOVE REFERENCED FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF UNDISTRIBUTED INCOME FROM TAX YEAR ENDING 6/30/2023, THE AMOUNT IS $72,733. PART VI-B, LINE 2A AND 2B: THE FOUNDATION PAID THE FIRST-TIER TAX ON UNDISTRIBUTED INCOME FOR TAX YEAR ENDED 06/30/2023 ON $149,000 ($44,700 REPORTED AND PAID VIA IRS FORM 4720). AS SHOWN ON PART XII, THE ORGANIZATION MADE TOTAL DISTRIBUTIONS IN THE TAX YEAR ENDED 06/30/2024 OF $648,017. THE FIRST $575,284 IS BEING APPLIED TO UNDISTRIBUTED INCOME FROM THE IMMEDIATELY PRECEDING YEAR. THE REMAINING DISTRIBUTIONS OF $72,733 IS THEN APPLIED TO THE $149,000 OF UNDISTRIBUTED INCOME. LEAVING A REMAINING PRIOR YEAR UNDISTRIBUTED INCOME OF $76,267 (PURSUANT TO IRC SEC. 4942(H)(2) AND REG. 53.4942(A)-3(D)(2). DUE TO THE NATURE OF THE CHARITABLE DISTRIBUTIONS UNDER THE ORGANIZATION'S MISSION OF PROVIDING EDUCATIONAL SCHOLARSHIPS, IT DOES TAKE CONSIDERABLE TIME TO REACT TO AND INCREASE DISTRIBUTIONS. AS THERE ARE TYPICALLY ONLY TWO PRIMARY SCHOLARSHIP GIVING CYCLES DURING THE YEAR. SINCE UNDERSTANDING THE UNDISTRIBUTED INCOME AMOUNTS FROM THE TAX YEAR ENDED 06/30/2022, THE FOUNDATION DID MAKE A PLAN TO INCREASE THEIR CHARITABLE DISTRIBUTIONS, AND AS OF THE DATE OF THIS FILING CAN ASSERT THEY HAVE CORRECTED ANY UNDISTRIBUTED INCOME FOR ALL PREVIOUS TAX YEARS AND IS PROACTIVELY REQUESTING ANY ABATEMENT TO ADDITIONAL FIRST OR SECOND TIER TAX APPLICABLE TO UNDISTRIBUTED INCOME FOR THE YEAR ENDED 06/30/2022. THE ORGANIZATION WAS AWARE OF THE UNDISTRIBUTED INCOME, THERE WAS NOT AN ERROR IN THE CALCULATION, HOWEVER, IN RELATION TO CODE 4942 THE ORGANIZATION HAS RESPONDED TO THE KNOWLEDGE OF UNDER DISTRIBUTION BY DOING THE FOLLOWING: - THE UNDER DISTRIBUTION WAS NOT DUE TO WILLFUL NEGLECT AND WAS DUE TO REASONABLE CAUSE - THE AMOUNT HAS BEEN DISTRIBUTED AS OF THE TIME OF THIS FILING (AND WITHIN LESS THAN 90 DAYS OF NOTIFICATION OF UNDER DISTRIBUTION) IN FULL TO QUALIFYING CHARITIES AND WILL BE REPORTED ON THE 2024 990-PF AND THE FOUNDATION IS MAKING DISTRIBUTIONS IN ADDITION TO REQUIREMENTS FOR 2024. CORPORATE BONDS 2229333 2157096 CORPORATE STOCK 5471931 10417706 430943 404383 0 0 ALL OTHER INVESTMENT AT COST 389905 385231 ACCRUED INCOME 22055 27262 27262 INVESTMENT MANAGEMENT FEES-RM DAVIS 49735 49735 0