KENNETH O NELSON AND JANET C NELSON SCHOLARSHIP FUND TR UAD 5-23-06: Form 990PF, tax year 2021

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
2021-01-01 to 2021-12-31
Filed
2022-04-18
IRS object ID
202211099349100801
Schema version
2021v4.2
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)
Return2022-04-18T11:45:17-00:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-04-18SignatureDt
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
Preparation2022-04-18PreparationDt
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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,258,315FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$3InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$53,095DividendsRevAndExpnssAmt
Dividends Net Invst Incm$53,095DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$56,398NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$86,949GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$56,398CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$109,496TotalRevAndExpnssAmt
Total Net Invst Incm$109,496TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$24,130CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$3,430CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$21,700CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$500AccountingFeesRevAndExpnssAmt
Accounting Fees Adj Net Incm$500AccountingFeesAdjNetIncmAmt
Other Prof Fees Rev And Expnss$39,469OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$39,470OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$735TaxesRevAndExpnssAmt
Taxes Net Invst Incm$80TaxesNetInvstIncmAmt
Taxes Adj Net Incm$655TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$64,834TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$42,980TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$1,155TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$21,700TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$21,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$21,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$85,834TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$42,980TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$1,155TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$42,700TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$23,662ExcessRevenueOverExpensesAmt
Net Investment Income$66,516NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Corporate Stock BOY$1,930,391CorporateStockBOYAmt
Corporate Stock EOY$2,258,315CorporateStockEOYAmt
Corporate Stock EOYFMV$2,258,315CorporateStockEOYFMVAmt
Total Assets BOY$1,930,391TotalAssetsBOYAmt
Total Assets EOY$2,258,315TotalAssetsEOYAmt
Total Assets EOYFMV$2,258,315TotalAssetsEOYFMVAmt
Other Liabilities BOY$30,000OtherLiabilitiesBOYAmt
Total Liabilities BOY$30,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
Donor Rstr Net Assets BOY$1,900,391DonorRstrNetAssetsBOYAmt
Donor Rstr Net Assets EOY$2,258,315DonorRstrNetAssetsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,900,391TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,258,315TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,930,391TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,258,315TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,900,391TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$23,662ExcessRevenueOverExpensesAmt
Other Increases$334,262OtherIncreasesAmt
Subtotal$2,258,315SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,258,315TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
Oppenheimer AggregateP2021-06-082021-06-08$15$15$15
Oppenheimer AggregateP2011-01-032021-06-22$8,640-$408-$408$9,048
Oppenheimer AggregateP2009-03-222021-10-20$64,099$45,709$45,709$18,390
RBC Capital Markets AggregateP2009-03-222021-12-22$14,195$11,082$11,082$3,113
FieldValueIRS element (for citing)
Capital Gain Net Income$56,398CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$15NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$925InvestmentIncomeExciseTaxAmt
Subtotal$925SubtotalAmt
Tax Based On Investment Income$925TaxBasedOnInvestmentIncomeAmt
Es Penalty$14EsPenaltyAmt
Tax Due$939TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
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
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$24,130CompensationAmt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1In accordance with its charitable 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. The foundation's assets are held for the express purpose of distributing and managing the scholarship purpose.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$1,000Expenses2Amt

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
Expenses1$23,662Expenses1Amt
Total$23,662TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,000,000AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,000,000TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,000,000AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$30,000CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,970,000NetVlNoncharitableAssetsAmt
Minimum Investment Return$98,500MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$98,500MinimumInvestmentReturnAmt
Tax Based On Investment Income$925TaxBasedOnInvestmentIncomeAmt
Total Tax$925TotalTaxAmt
Distributable Before Adj$97,575DistributableBeforeAdjAmt
Distributable Before Ded$97,575DistributableBeforeDedAmt
Distributable As Adjusted$97,575DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$42,700ExpensesAndContributionsAmt
Program Related Invst Total$23,662ProgramRelatedInvstTotalAmt
Qualifying Distributions$66,362QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$97,575DistributableAsAdjustedAmt
Undistributed Income PY$19,913UndistributedIncomePYAmt
Qualifying Distributions$66,362QualifyingDistributionsAmt
Applied To Year1$19,913AppliedToYear1Amt
Applied To Current Year$46,449AppliedToCurrentYearAmt
Undistributed Income CY$51,126UndistributedIncomeCYAmt

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 (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Clark University
950 Main StreetWorcesterMA01610Award RecipientIScholarship Awards$20,000
Armed Forces Heritage House Inc
PO Box 324WrightstownNJ08562ROTC Award RecipientIROTC Scholarship Award$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$21,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$53,095RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$56,398RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$109,496RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$109,496TotalIncomeProducingActyAmt

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$500Amt
Adjusted Net Income$500AdjustedNetIncomeAmt

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$2,258,315EOYBookValueAmt
EOYFMV$2,258,315EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescMark to Market Unrealized GainsDesc
Amt$334,262Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescClark University Scholarship DistributionsDesc
BOY Book Value$30,000BOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
Oppenheimer Portfolio Management Fees$31,885$31,885
RBC Capital Management Fees$7,584$7,585

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
Foreign Tax on investment income$80$80
Federal Income Tax$655$655

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