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JUDITH K PARSONS CHARITABLE FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
JUDITH K PARSONS CHARITABLE FOUNDATION (EIN 33-1101536)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-07
IRS object ID
202441289349103529
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-07T14:32:44-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN233060583PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FISCHER CUNNANE & ASSOCIATES LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line111 TURNER LNAddressLine1Txt
CityWEST CHESTERCityNm
State AbbreviationPAStateAbbreviationCd
ZIP193804805ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN331101536EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JUDITH K PARSONS CHARITABLE FOUNDATBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJUDIBusinessNameControlTxt
Phone6103637077PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line147 COLLINS MILL RDAddressLine1Txt
CityCHESTER SPRINGSCityNm
State AbbreviationPAStateAbbreviationCd
ZIP194252217ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGERALD J PARSONSPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone6103637077PhoneNum
Signature2024-04-22SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGERALDPersonFirstNm
Person LastPARSONSPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDOUGLAS A PACITTI CPAPreparerPersonNm
PTINP00742129PTIN
Phone6104311003PhoneNum
Preparation2024-04-22PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$88,352FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$1,275DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,275DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$1,212NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,212GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,212CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$2,487TotalRevAndExpnssAmt
Total Net Invst Incm$2,487TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$257OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$257OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$30TaxesRevAndExpnssAmt
Taxes Net Invst Incm$30TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$287TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$287TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$5,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$5,787TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$287TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$5,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$3,300ExcessRevenueOverExpensesAmt
Net Investment Income$2,200NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$21,100CashBOYAmt
Cash EOY$15,590CashEOYAmt
Cash EOYFMV$15,590CashEOYFMVAmt
Other Investments BOY$61,887OtherInvestmentsBOYAmt
Other Investments EOY$72,762OtherInvestmentsEOYAmt
Other Investments EOYFMV$72,762OtherInvestmentsEOYFMVAmt
Total Assets BOY$82,987TotalAssetsBOYAmt
Total Assets EOY$88,352TotalAssetsEOYAmt
Total Assets EOYFMV$88,352TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$82,987RetainedEarningBOYAmt
Retained Earning EOY$88,352RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$82,987TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$88,352TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$82,987TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$88,352TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$82,987TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$3,300ExcessRevenueOverExpensesAmt
Other Increases$8,665OtherIncreasesAmt
Subtotal$88,352SubtotalAmt
Tot Net Ast Or Fund Balances EOY$88,352TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$1,212CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$31InvestmentIncomeExciseTaxAmt
Subtotal$31SubtotalAmt
Tax Based On Investment Income$31TaxBasedOnInvestmentIncomeAmt
Tax Due$31TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StatePAOrgReportOrRegisterStateCd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksGERALD J PARSONSIndividualWithBooksNm
Phone6103637077PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line147 COLLINS MILL ROADAddressLine1Txt
CityCHESTER SPRINGSCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19425ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonGERALD J PARSONSPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line147 COLLINS MILL ROADAddressLine1Txt
CityCHESTER SPRINGSCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19425ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos000.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$66,807AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$18,398AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$85,205TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$85,205AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,278CashDeemedCharitableAmt
Net Vl Noncharitable Assets$83,927NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,196MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,196MinimumInvestmentReturnAmt
Tax Based On Investment Income$31TaxBasedOnInvestmentIncomeAmt
Total Tax$31TotalTaxAmt
Distributable Before Adj$4,165DistributableBeforeAdjAmt
Distributable Before Ded$4,165DistributableBeforeDedAmt
Distributable As Adjusted$4,165DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,500ExpensesAndContributionsAmt
Qualifying Distributions$5,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,165DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$1,560ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$2,540ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$4,100TotalExcessDistributionCyovAmt
Qualifying Distributions$5,500QualifyingDistributionsAmt
Applied To Current Year$4,165AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,335RemainingDistriFromCorpusAmt
Total Corpus$5,435TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$5,435ExcessDistriCyovToNextYrAmt
Excess From Year4$1,560ExcessFromYear4Amt
Excess From Year2$2,540ExcessFromYear2Amt
Excess From Current Year$1,335ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonGERALD J PARSONSRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line147 COLLINS MILL ROADAddressLine1Txt
CityCHESTER SPRINGSCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19425ZIPCd
FieldValueIRS element (for citing)
Recipient Phone6103637077RecipientPhoneNum
Recipient Email AddressJPARSONS@CTDI.COMRecipientEmailAddressTxt
Form And Info And MaterialsWRITTEN REQUEST SENT TO TRUSTEE FOUNDATION'S ADDRESS.FormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SISTERS OF IHM
1 OUR LADY CIRCLEMALVERNPA19335RELIGIOUS ORGANIZATION$3,500
BISHOP SHANAHAN HIGH SCHOOL
220 WOODBINE ROADDOWNINGTONPA19335CATHOLIC EDUCATION$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,275ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,212ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$2,487ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,487TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemLEGACY PLANNING - MUTUAL FUNDSCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$72,762BookValueAmt
EOYFMV$72,762EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescLEGACY - CHANGE IN VALUEDesc
Amt$8,665Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
INVESTMENT FEES$247$247
BANK CHARGES$10$10

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$30Amt
Net Investment Income$30NetInvestmentIncomeAmt

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