KENNETH O NELSON AND JANET C NELSON SCHOLARSHIP FUND TR UAD 5-23-06: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
KENNETH O NELSON AND JANET C NELSON SCHOLARSHIP FUND TR UAD 5-23-06 (EIN 27-6409783)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-02-22
IRS object ID
202320539349100107
Schema version
2022v4.1
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)
Return2023-02-22T10:12:48-00:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN204072008PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Donald J Cammus EABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1580 East 6th StreetAddressLine1Txt
CityFlorenceCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08518ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN276409783EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Kenneth O and Janet C Nelson Scholarship Fund Trust UAD 05232008BusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Roy PlummerInCareOfNm
Business Name ControlKENNBusinessNameControlTxt
Phone6094992074PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line191 Ridgway DriveAddressLine1Txt
CityBordentownCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08505ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRoy PlummerPersonNm
Person TitleTrusteePersonTitleTxt
Phone6094992074PhoneNum
Signature2023-02-22SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRoyPersonFirstNm
Person LastPlummerPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDonald J CammusPreparerPersonNm
PTINP00397499PTIN
Phone6094999126PhoneNum
Preparation2023-02-22PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-03-07 01:45:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,996,930FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$183InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$183InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$51,826DividendsRevAndExpnssAmt
Dividends Net Invst Incm$51,826DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$32,032NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$100,027GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$32,032CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$84,041TotalRevAndExpnssAmt
Total Net Invst Incm$84,041TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$28,230CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Adj Net Incm$8,230CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$20,000CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$600AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$600AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$51,652OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$51,652OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$2,018TaxesRevAndExpnssAmt
Taxes Net Invst Incm$79TaxesNetInvstIncmAmt
Taxes Adj Net Incm$1,939TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$82,500TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$52,331TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$10,169TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$20,000TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$32,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$32,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$114,500TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$52,331TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$10,169TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$52,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$30,459ExcessRevenueOverExpensesAmt
Net Investment Income$31,710NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Corporate Stock BOY$2,258,315CorporateStockBOYAmt
Corporate Stock EOY$1,996,930CorporateStockEOYAmt
Corporate Stock EOYFMV$1,996,930CorporateStockEOYFMVAmt
Total Assets BOY$2,258,315TotalAssetsBOYAmt
Total Assets EOY$1,996,930TotalAssetsEOYAmt
Total Assets EOYFMV$1,996,930TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
Donor Rstr Net Assets BOY$2,258,315DonorRstrNetAssetsBOYAmt
Donor Rstr Net Assets EOY$1,996,930DonorRstrNetAssetsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,258,315TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,996,930TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,258,315TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,996,930TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,258,315TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$30,459ExcessRevenueOverExpensesAmt
Subtotal$2,227,856SubtotalAmt
Other Decreases$230,926OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,996,930TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyRB Capital MarketsPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2009-03-29AcquiredDt
Sold2022-10-28SoldDt
Gross Sales Price$100,027GrossSalesPriceAmt
Cost Or Other Basis$67,995CostOrOtherBasisAmt
Gain Or Loss$32,032GainOrLossAmt
Gains Minus Excess Or Losses$32,032GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$32,032CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$441InvestmentIncomeExciseTaxAmt
Subtotal$441SubtotalAmt
Tax Based On Investment Income$441TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,000TotalPaymentsAndCreditsAmt
Original Return Tax Paid$1,000OriginalReturnTaxPaidAmt
Overpayment$559OverpaymentAmt
Applied To ES Tax$559AppliedToESTaxAmt

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
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNJOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Individual With BooksRoy PlummerIndividualWithBooksNm
Phone6094992074PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line191 Ridgway DriveAddressLine1Txt
CityBordentownCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08505ZIPCd
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 HoldingsYes (true)BusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
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)
PersonRoy PlummerPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line191 Ridgway DriveAddressLine1Txt
CityBordentownCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08505ZIPCd
FieldValueIRS element (for citing)
TitleTrusteeTitleTxt
Average Hrs Per Wk Devoted To Pos010.00AverageHrsPerWkDevotedToPosRt
Compensation$28,230CompensationAmt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1In accordance with its chartered purpose the foundation will award Clark University, a qualified US 501(c)(3) education organization, funds to support a scholarship candidate for one year's qualified education expenses.Description1Txt
Expenses1$20,000Expenses1Amt
Description2Sponsorship of ROTC Scholarships awarded by the Armed Forces Heritage House, Inc., a qualified US 501(c)(3) organization.Description2Txt
Expenses2$4,000Expenses2Amt
Description3Sponsorship of Rowen University (NJ) scholarship candidate for qualified education exxpenses ALL INVESTMENT ACTIVITY IS DIRECTED TOWARD SUSTAINING THE FUND'S SCHOLARSHIP PURPOSESDescription3Txt
Expenses3$8,000Expenses3Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1The foundation retains and reinvests its net revenues in excess of disbursements for purposes of maintaining assets to further its scholarship purposes. The growth in the net value of the investment portfolio, stated at FMV, is expected to sustain the scholarship award purpose for a period of not less than 25 years.Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,063,700AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,063,700TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,063,700AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$30,956CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,032,744NetVlNoncharitableAssetsAmt
Minimum Investment Return$101,637MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$101,637MinimumInvestmentReturnAmt
Tax Based On Investment Income$441TaxBasedOnInvestmentIncomeAmt
Total Tax$441TotalTaxAmt
Distributable Before Adj$101,196DistributableBeforeAdjAmt
Distributable Before Ded$101,196DistributableBeforeDedAmt
Distributable As Adjusted$101,196DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$52,000ExpensesAndContributionsAmt
Qualifying Distributions$52,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$101,196DistributableAsAdjustedAmt
Undistributed Income PY$51,126UndistributedIncomePYAmt
Qualifying Distributions$52,000QualifyingDistributionsAmt
Applied To Year1$51,126AppliedToYear1Amt
Applied To Current Year$874AppliedToCurrentYearAmt
Undistributed Income CY$100,322UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonMary RichardsonRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1950 Main StreetAddressLine1Txt
CityWorcesterCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01610ZIPCd
FieldValueIRS element (for citing)
Recipient Phone7744378511RecipientPhoneNum
Form And Info And MaterialsClark University Planned Giving Scholarship ApplicationFormAndInfoAndMaterialsTxt
Submission DeadlinesOn or by May 1SubmissionDeadlinesTxt
Restrictions On AwardsScholarship recipient will be enrolled in Clark UniversityRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Clark University
950 Main StreeWorcesterMA01610RecipientIScholarship$20,000
Emily Adams
311 First StreetHeddingNJ08505RecipientIScholarship$8,000
Armed Forces Heritage House Inc
459 High StreetBurlingtonNJ08016RecipientIROTC Scholarships$4,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$32,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$183RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$51,826RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$32,032RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$84,041RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$84,041TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

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

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
4Dividends interest provide sustainabilty to the Foundations scholarship purpose
8Gains on investment assets provide sustainabilty to the Foundations scholarship purpose
11Reinvestment of net revenue in excess of expenditures provide sustainability to the Foundations scholarship purpose

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)
CategoryDonald J Cammus EACategoryTxt
Amt$600Amt
Net Investment Income$600NetInvestmentIncomeAmt

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationThe NJ Charitable Registration Act was amended to permit tax exempt organizations receiving less than 10,000 in annual gross contributions to choose whether or not they wish to maintain registration with the NJ Charitable Registration Section but, it does not require them to do so - re NJSA 4517A-18 as carried out under NJAC 1348-3.4h. Accordingly, this organization elects not to file a registration or renewal application with NJ by reason that it does not solicit contributions or earn 10,000 or more in annual gross contributions.ExplanationTxt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
Stock1 shares of RBC Capital MarketsStockNm
EOY Book Value$1,996,930EOYBookValueAmt
EOYFMV$1,996,930EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescMark to Market Value Unrealized LossesDesc
Amt$230,926Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryRBC Capital Management FeesCategoryTxt
Amt$51,652Amt
Net Investment Income$51,652NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
Foreign Tax on investment income$79$79
Federal Income Tax$1,939$1,939

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