NINETY ONE SCHOLARSHIP FUND: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
NINETY ONE SCHOLARSHIP FUND (EIN 20-0508968)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-08-08
IRS object ID
202422219349101007
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)
Return2024-08-08T10:44:41-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN471793720PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ARCARA LENDA EUSANIO & STACEY CPA'S PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15214 MAIN ST STE 200AddressLine1Txt
CityWILLIAMSVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP14221ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN200508968EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NINETY ONE SCHOLARSHIP FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNINEBusinessNameControlTxt
Phone7162976441PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14500 WITMER INDUSTRIAL ESTATESAddressLine1Txt
CityNIAGARA FALLSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14305ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRANDY PALLADINOPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone7162976441PhoneNum
Signature2024-08-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID ARCARA CPAPreparerPersonNm
PTINP00165827PTIN
Phone7166342722PhoneNum
Preparation2024-08-08PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$72,298FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$8,389ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Total Rev And Expnss$8,389TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,075AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$50TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,125TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$5,769ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,769ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$6,894TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$5,769TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,495ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$70,803CashBOYAmt
Cash EOY$72,298CashEOYAmt
Cash EOYFMV$72,298CashEOYFMVAmt
Total Assets BOY$70,803TotalAssetsBOYAmt
Total Assets EOY$72,298TotalAssetsEOYAmt
Total Assets EOYFMV$72,298TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$70,803NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$72,298NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$70,803TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$72,298TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$70,803TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$72,298TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$70,803TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,495ExcessRevenueOverExpensesAmt
Subtotal$72,298SubtotalAmt
Tot Net Ast Or Fund Balances EOY$72,298TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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 StateNYOrgReportOrRegisterStateCd
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 BooksRANDY PALLADINOIndividualWithBooksNm
Phone7162976441PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14500 WITMER INDUSTRIAL ESTATESAddressLine1Txt
CityNIAGARA FALLSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14305ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
RICHARD PALLADINO
4500 WITMER INDUSTRIAL ESTATESNIAGARA FALLSNY14305TRUSTEE1.00$0$0$0
MARIO NERI
4500 WITMER INDUSTRIAL ESTATESNIAGARA FALLSNY14305TRUSTEE1.00$0$0$0
RANDY PALLADINO
4500 WITMER INDUSTRIAL ESTATESNIAGARA FALLSNY14305TRUSTEE2.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1GRANT SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS PURSUING POST-SECONDARY EDUCATION AT TWO AND FOUR YEAR INSTITUTIONS.Description1Txt
Expenses1$5,769Expenses1Amt

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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$71,232AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$71,232TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$71,232AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,068CashDeemedCharitableAmt
Net Vl Noncharitable Assets$70,164NetVlNoncharitableAssetsAmt
Minimum Investment Return$3,508MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$3,508MinimumInvestmentReturnAmt
Distributable Before Adj$3,508DistributableBeforeAdjAmt
Distributable Before Ded$3,508DistributableBeforeDedAmt
Distributable As Adjusted$3,508DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,769ExpensesAndContributionsAmt
Qualifying Distributions$5,769QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$3,508DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,170ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,969ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$3,825ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$3,579ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$3,629ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$15,172TotalExcessDistributionCyovAmt
Qualifying Distributions$5,769QualifyingDistributionsAmt
Applied To Current Year$3,508AppliedToCurrentYearAmt
Remaining Distri From Corpus$2,261RemainingDistriFromCorpusAmt
Total Corpus$17,433TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,170ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$16,263ExcessDistriCyovToNextYrAmt
Excess From Year4$2,969ExcessFromYear4Amt
Excess From Year3$3,825ExcessFromYear3Amt
Excess From Year2$3,579ExcessFromYear2Amt
Excess From Year1$3,629ExcessFromYear1Amt
Excess From Current Year$2,261ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonLABORERS' LOCAL 91 SCHOLARSHIP PRORecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line14500 WITMER INDUSTRIAL ESTATESAddressLine1Txt
CityNIAGARA FALLSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14305ZIPCd
FieldValueIRS element (for citing)
Recipient Phone7162976441RecipientPhoneNum
Form And Info And MaterialsAPPLICATION AND REQUIRED SUPPORTING DOCUMENTATION (I.E. TRANSCRIPT OF HIGH SCHOOL GRADES THROUGH THE LATEST GRADING PERIOD PRIOR TO THE DATE OF APPLICATION AND LETTER OF RECOMMENDATION FROM MEMBER OF THE HIGH SCHOOL FACULTY.)FormAndInfoAndMaterialsTxt
Submission DeadlinesANNUALLY IN THE LAST WEEK OF MAY.SubmissionDeadlinesTxt
Restrictions On AwardsAPPLICANTS MUST BE THE CHILD/GRANDCHILD OF AN ACTIVE OR RETIRED MEMBER OF LABORERS LOCAL UNION NO. 91, OR THE CHILD OF A SIGNATORY EMPLOYER.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ALEXA VENTURA
96 THROWBRIDGE STREETLOCKPORTNY14094NONEN/ASCHOLARSHIP$325
ALEXANDER MILEY
1 OLD ORCHARD DRARCADENY14009NONEN/ASCHOLARSHIP$325
ALLISON MILEY
1 OLD ORCHARD DRARCADENY14009NONEN/ASCHOLARSHIP$488
MIKAELA VENTURA
96 TROWBRIDGE STLOCKPORTNY14094NONEN/ASCHOLARSHIP$650
NICK PAOLINI
1555 HUTH ROADGRAND ISLANDNY14072NONEN/ASCHOLARSHIP$650
NICOLE PAOLINI
1555 HUTH ROADGRAND ISLANDNY14072NONEN/ASCHOLARSHIP$406
STEPHANIE NEWMAN
179 MILL ROADWEST SENECANY14224NONEN/ASCHOLARSHIP$1,950
SYDNEY POLANIN
15514 AVOCETVIEW COURTLITHIAFL33547NONEN/ASCHOLARSHIP$975
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,769TotalGrantOrContriPdDurYrAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,075Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryCHAR 500 FEECategoryTxt
Amt$50Amt

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