ROBERT J NOLAN FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ROBERT J NOLAN FOUNDATION INC (EIN 22-2826285)
Tax period
2023-10-01 to 2024-09-30
Filed
2024-12-04
IRS object ID
202443399349100104
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)
Return2024-12-04T10:56:56-05:00ReturnTs
Tax Period End2024-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN141515307PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SEFCO CPA'S LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line116 PINE STAddressLine1Txt
CityGLENS FALLSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP128013444ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN222826285EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ROBERT J NOLAN FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlROBEBusinessNameControlTxt
Phone5187934900PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line182 GLENWOOD AVENUEAddressLine1Txt
CityQUEENSBURYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12804ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARY TULLYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5187924900PhoneNum
Signature2024-10-25SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRIAN S FLINT CPAPreparerPersonNm
PTINP01070105PTIN
Phone5187937783PhoneNum
Preparation2024-12-04PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,494,625FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$12,723InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$12,723InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$12,723InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$42,345DividendsRevAndExpnssAmt
Dividends Net Invst Incm$42,345DividendsNetInvstIncmAmt
Dividends Adj Net Incm$42,345DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$15,998NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$271,718GrossSalesPriceAmt
Total Rev And Expnss$39,070TotalRevAndExpnssAmt
Total Net Invst Incm$55,068TotalNetInvstIncmAmt
Total Adj Net Incm$55,068TotalAdjNetIncmAmt
Oth Empl Slrs Wgs Rev And Expnss$7,500OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$7,500OthEmplSlrsWgsDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,805AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$2,805AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$1,121TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$652TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$13,640OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$12,168OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$1,472OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$25,066TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$12,168TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$12,429TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$105,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$105,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$130,066TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$12,168TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$117,429TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$90,996ExcessRevenueOverExpensesAmt
Net Investment Income$42,900NetInvestmentIncomeAmt
Adjusted Net Income$55,068AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,193CashBOYAmt
Cash EOY$2,588CashEOYAmt
Cash EOYFMV$2,588CashEOYFMVAmt
Sav And Temp Cash Invst BOY$17,628SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$60,475SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$60,475SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,150,042CorporateStockBOYAmt
Corporate Stock EOY$1,061,330CorporateStockEOYAmt
Corporate Stock EOYFMV$1,790,292CorporateStockEOYFMVAmt
Corporate Bonds BOY$738,708CorporateBondsBOYAmt
Corporate Bonds EOY$695,182CorporateBondsEOYAmt
Corporate Bonds EOYFMV$641,270CorporateBondsEOYFMVAmt
Total Assets BOY$1,910,571TotalAssetsBOYAmt
Total Assets EOY$1,819,575TotalAssetsEOYAmt
Total Assets EOYFMV$2,494,625TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,910,571RetainedEarningBOYAmt
Retained Earning EOY$1,819,575RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,910,571TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,819,575TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,910,571TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,819,575TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,910,571TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$90,996ExcessRevenueOverExpensesAmt
Subtotal$1,819,575SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,819,575TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (11 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
BANK OF NEW YORK MELLON 3.25%P2024-09-11$15,000$15,000
.8333SHS GRAIL INC.P2024-06-28$13$66-$53-$53
138SHS NIKE INCP2024-06-28$10,512$22,578-$12,066-$12,066
942.396SHS CALVERT SMALL CAP FUNDP2024-06-17$32,126$30,920$1,206$1,206
1517.479SHS CARILLON SCOUT MID CAP FP2024-06-17$36,465$34,325$2,140$2,140
.25SHS SOLVENTUM CORPP2024-04-11$16$11$5$5
6SHS SOLVENTUM CORPP2024-04-18$383$276$107$107
1,690.487SHS COHEN & STEERS REAL ESTP2024-03-04$28,180$36,227-$8,047-$8,047
1,053.985SHS FRANKLIN CONVERTIBLE SEP2023-10-11$20,500$28,335-$7,835-$7,835
2,610.546 PERMANENT PORTFOLIOP2023-10-11$127,160$118,698$8,462$8,462
11SHS VERALTO CORPP2023-10-20$766$1,280-$514-$514
FieldValueIRS element (for citing)
Capital Gain Net Income-$15,998CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$596InvestmentIncomeExciseTaxAmt
Subtotal$596SubtotalAmt
Tax Based On Investment Income$596TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$550EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$550TotalPaymentsAndCreditsAmt
Tax Due$46TaxDueAmt

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 AddressRJNOLANFOUNDATION.ORGWebsiteAddressTxt
Individual With BooksMARY TULLYIndividualWithBooksNm
Phone5187934900PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line182 GLENWOOD AVENUEAddressLine1Txt
CityQUEENSBURYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12804ZIPCd
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 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 (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL BORGOS
82 GLENWOOD AVEQUEENSBURYNY12804DIRECTOR1.50$0$0$0
KEVIN MAHONEY
15 COOPER STREETGLENS FALLSNY12801SECRETARY1.00$0$0$0
SAMANTHA J HISS
1 LONGHILL RDRANDOLPHNJ07869DIRECTOR1.00$0$0$0
KATHLEEN B HOGAN
14 COOLIDGE AVENUEGLENS FALLSNY12801DIRECTOR1.00$0$0$0
JOHN C MANNIX JR
198 CHURCH STREETSARATOGA SPRINGSNY12866TREASURER1.00$0$0$0
RICHARD MEATH
2 APPLE LANEQUEENSBURYNY12804DIRECTOR1.00$0$0$0
MARY TULLY
148 LAKE AVENUESARATOGA SPRINGSNY12866PRESIDENT1.00$0$0$0
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$2,228,146AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$83,101AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,311,247TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,311,247AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$34,669CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,276,578NetVlNoncharitableAssetsAmt
Minimum Investment Return$113,829MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$113,829MinimumInvestmentReturnAmt
Tax Based On Investment Income$596TaxBasedOnInvestmentIncomeAmt
Total Tax$596TotalTaxAmt
Distributable Before Adj$113,233DistributableBeforeAdjAmt
Distributable Before Ded$113,233DistributableBeforeDedAmt
Distributable As Adjusted$113,233DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$117,429ExpensesAndContributionsAmt
Qualifying Distributions$117,429QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$113,233DistributableAsAdjustedAmt
Undistributed Income PY$31,930UndistributedIncomePYAmt
Qualifying Distributions$117,429QualifyingDistributionsAmt
Applied To Year1$31,930AppliedToYear1Amt
Applied To Current Year$85,499AppliedToCurrentYearAmt
Undistributed Income CY$27,734UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonTHE ROBERT J NOLAN FOUNDATION INCRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1MARY TULLY 82 GLENWOOD AVENUEAddressLine1Txt
CityQUEENSBURYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12804ZIPCd
FieldValueIRS element (for citing)
Recipient Phone5187924900RecipientPhoneNum
Form And Info And MaterialsEACH STUDENT WILL SUBMIT AN APPLICATION FOR CONSIDERATION. THE APPLICATION REQUESTS INFORMATION ON THE FOLLOWING AREAS: 1.EDUCATIONAL ACHIEVEMENT; 2. PARTICIPATION IN HIGH SCHOOL VARSITY ATHLETIC TEAMS; 3. EXTRACURRICULAR SCHOOL-RELATED ACTIVITIES; 4. CIVIC ACTIVITIES; 5. RELIGIOUS ORGANIZATION PARTICIPATION AND 6. FINANCIAL NEED. THE DIRECTORS WOULD USE THE INFORMATION FROM THE APPLICATION TO SELECT RECIPIENTS.FormAndInfoAndMaterialsTxt
Submission DeadlinesALL APPLICATIONS ARE DUE BY MAY 15. THE FOUNDATION WILL PUBLICIZE THE EXISTENCE OF THE SCHOLARSHIP PSubmissionDeadlinesTxt
Restrictions On AwardsTHE ROBERT J NOLAN FOUNDATION, INC. WILL AWARD SCHOLARSHIPS TO INDIVIDUALS ATTENDING SECONDARY SCHOOLS WHO ARE FROM THE GREATER GLENS FALLS AREA. SCHOLARSHIPS ARE AWARDED TO THE WELL-BALANCED STUDENT WITH A SPECIAL EMPHASIS ON PARTICIPATION IN VARSITY ATHLETIC TEAMS AND THE EXPRESSED INTENTION OF PARTICIPATION IN ORGANIZED ATHLETIC TEAMS AND ENDEAVORS AT THE UNDERGRADUATE AND/OR GRADUATE LEVEL.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ANNA BEAROR
25 PINION PINE LANEQUEENSBURYNY12804NONESCHOLARSHIP$7,500
JESSICA BETTS
12 IRIS AVESO GLENS FALLSNY12803NONESCHOLARSHIP$5,000
JACK BORDEAU
2 PLEASANT LANEQUEENSBURYNY12804NONESCHOLARSHIP$7,500
DEMETER BURNS
30 CONSTITUTION WAYQUEENSBURYNY12804NONESCHOLARSHIP$7,500
SAMUEL BURNS
30 CONSTITUTION WAYQUEENSBURYNY12804NONESCHOLARSHIP$2,500
AISLYNN DIXON
145 FARR LANEQUEENSBURYNY12804NONESCHOLARSHIP$5,000
MIRANDA HABSHI
7 THISTLEWOOD DRIVEQUEENSBURYNY12804NONESCHOLARSHIP$2,500
DANIELLE HAND
26 OAK TREE CIRCLEQUEENSBURYNY12804NONESCHOLARSHIP$5,000
JULIA KRESS
49 SHERIDAN STREETGLENS FALLSNY12801NONESCHOLARSHIP$5,000
CAROLINA LOTT-DIAMOND
155 EAST RIVER DRIVELAKE LUZERNENY12846NONESCHOLARSHIP$2,500
BIANCA MALLETTE
44 CHERRY TREE LANEGANSEVOORTNY12831NONESCHOLARSHIP$5,000
KAITLIN MCDONOUGH
2 PEACH TREE LANEWILTONNY12831NONESCHOLARSHIP$5,000
GRACIE NASSIVERA
203 DEAN ROADHUDSON FALLSNY12839NONESCHOLARSHIP$7,500
LEA RICHARD
422 BROWNVILLE ROADGANSEVOORTNY12831NONESCHOLARSHIP$2,500
SAMUEL ROWLEY
7 PAULS WAYQUEENSBURYNY12804NONESCHOLARSHIP$10,000
LANNING TOREBKA
13 CLARK STREETSO GLENS FALLSNY12803NONESCHOLARSHIP$2,500
BRYCE TYLER
7 WINCREAST DRIVEFORT EDWARDNY12828NONESCHOLARSHIP$7,500
ADDISON WILLIS
221 MAIN STREETSO GLENS FALLSNY12803NONESCHOLARSHIP$10,000
LAUREN WILLIS
20 SNOWBERRY LANEGANSEVOORTNY12831NONESCHOLARSHIP$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$105,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12,723RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$42,345RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$15,998RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$39,070RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$39,070TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
3THE ROBERT J. NOLAN FOUNDATION, INC. WAS FORMED ON
4DECEMBER 18, 1986 FOR THE PURPOSE OF DISBURSING
8EDUCATIONAL ASSISTANCE TO GRADUATE AND UNDERGRADUATE STUDENTS FROM THE GREATER GLENS FALLS AREA. THE RECIPIENTS MUST BE QUALIFIED IN THE FOLLOWING AREAS: EDUCATIONAL ACHIEVEMENT; PARTICIPATION IN HIGH SCHOOL VARSITY TEAMS; EXTRA-CURRICULAR SCHOOL-RELATED ACTIVITIES; RELIGIOUS ORGANIZATION PARTICIPATION AND FINANCIAL NEED.

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)
CategoryFEES PAID FOR PREPARATION OF 990CategoryTxt
Amt$2,805Amt
Disbursements Charitable Prps$2,805DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
EOY Book Value$695,182EOYBookValueAmt
EOYFMV$641,270EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
EOY Book Value$1,061,330EOYBookValueAmt
EOYFMV$1,790,292EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK INVESTMENT FEES$12,168$12,168
FILING FEES$250$250
INSURANCE$886$886
OFFICE EXPENSE$336$336

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FORM 990-PF$469
PAYROLL TAXES$652$652

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