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JUDITH K PARSONS CHARITABLE FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
JUDITH K PARSONS CHARITABLE FOUNDATION (EIN 33-1101536)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-12
IRS object ID
202321329349101952
Schema version
2022v5.0
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)
Return2023-05-12T11:09:31-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

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
Signature2023-05-10SignatureDt

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
Preparation2023-05-10PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$82,987FMVAssetsEOYAmt
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$647DividendsRevAndExpnssAmt
Dividends Net Invst Incm$647DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$1,539NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,539GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,539CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$2,186TotalRevAndExpnssAmt
Total Net Invst Incm$2,186TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$166OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$166OtherProfFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$166TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$166TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$166TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$166TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,020ExcessRevenueOverExpensesAmt
Net Investment Income$2,020NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$91,100CashBOYAmt
Cash EOY$21,100CashEOYAmt
Cash EOYFMV$21,100CashEOYFMVAmt
Other Investments EOY$61,887OtherInvestmentsEOYAmt
Other Investments EOYFMV$61,887OtherInvestmentsEOYFMVAmt
Total Assets BOY$91,100TotalAssetsBOYAmt
Total Assets EOY$82,987TotalAssetsEOYAmt
Total Assets EOYFMV$82,987TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$91,100RetainedEarningBOYAmt
Retained Earning EOY$82,987RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$91,100TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$82,987TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$91,100TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$82,987TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$91,100TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$2,020ExcessRevenueOverExpensesAmt
Subtotal$93,120SubtotalAmt
Other Decreases$10,133OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$82,987TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
FIDELITY EXTENDED MARKET INDEX FUNDP2022-04-08$11$11$11
BLACKROCK EQUITY DIVIDENDP2022-07-14$659$659$659
BLACKROCK EQUITY DIVIDENDP2022-07-14$69$69$69
BLACKROCK EQUITY DIVIDENDP2022-11-30$417$417$417
JP MORGAN UNDISCOVEREDP2022-12-13$124$124$124
MFS GROWTH FUND CLASS IP2022-12-14$91$91$91
VICTORY SYCAMORE ESTABLISHED VALUEP2022-12-15$148$148$148
JP MORGAN UNDISCOVEREDP2022-12-13$11$11$11
VICTORY SYCAMORE ESTABLISHED VALUEP2022-12-15$9$9$9
FieldValueIRS element (for citing)
Capital Gain Net Income$1,539CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$597NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$28InvestmentIncomeExciseTaxAmt
Subtotal$28SubtotalAmt
Tax Based On Investment Income$28TaxBasedOnInvestmentIncomeAmt
Tax Due$28TaxDueAmt

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$61,779AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$24,017AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$85,796TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$85,796AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,287CashDeemedCharitableAmt
Net Vl Noncharitable Assets$84,509NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,225MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,225MinimumInvestmentReturnAmt
Tax Based On Investment Income$28TaxBasedOnInvestmentIncomeAmt
Total Tax$28TotalTaxAmt
Distributable Before Adj$4,197DistributableBeforeAdjAmt
Distributable Before Ded$4,197DistributableBeforeDedAmt
Distributable As Adjusted$4,197DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,197DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$2,863ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$2,894ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$2,540ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$8,297TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus$4,197ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$4,197ExcessDistributionCyovAppCYAmt
Total Corpus$4,100TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$4,100ExcessDistriCyovToNextYrAmt
Excess From Year3$1,560ExcessFromYear3Amt
Excess From Year1$2,540ExcessFromYear1Amt

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$647ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,539ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$2,186ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,186TotalIncomeProducingActyAmt

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$61,887BookValueAmt
EOYFMV$61,887EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescLEGACY - CHANGE IN VALUEDesc
Amt$10,133Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$166Amt
Net Investment Income$166NetInvestmentIncomeAmt

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