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HAROLD GLEN AND AUDREY G BENSON TRUMPOWER FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
HAROLD GLEN AND AUDREY G BENSON TRUMPOWER FOUNDATION INC (EIN 83-2643648)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-13
IRS object ID
202211339349102116
Schema version
2021v4.0
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)
Return2022-05-13T11:53:45-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521827777PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STURGILL & ASSOCIATES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line120 LIBERTY ST - PO BOX 546AddressLine1Txt
CityWESTMINSTERCityNm
State AbbreviationMDStateAbbreviationCd
ZIP211580546ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN832643648EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE HAROLD GLEN AND AUDREY G BENSONBusinessNameLine1Txt
Business Name Line2TRUMPOWER FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlHAROBusinessNameControlTxt
Phone4108484460PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1369 GREY FRIARS ROADAddressLine1Txt
CityWESTMINSTERCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21158ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGERALD L STURGILLPersonNm
Person TitleVICE PRESIDENTPersonTitleTxt
Phone4108484460PhoneNum
Signature2022-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGERALD LPersonFirstNm
Person LastSTURGILLPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGERALD L STURGILL CPAPreparerPersonNm
PTINP00773309PTIN
Phone4108484460PhoneNum
Preparation2022-05-12PreparationDt
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$19,473,295FMVAssetsEOYAmt
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$67,747InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$10,432InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$444,942DividendsRevAndExpnssAmt
Dividends Net Invst Incm$429,961DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$63,688NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,039,780GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$63,688CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$576,377TotalRevAndExpnssAmt
Total Net Invst Incm$504,081TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$60,000CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$5,500AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$5,000OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$7,954TaxesRevAndExpnssAmt
Taxes Net Invst Incm$4,769TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$90,307OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$88,016OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$168,761TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$92,785TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$725,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$725,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$893,761TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$92,785TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$725,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$317,384ExcessRevenueOverExpensesAmt
Net Investment Income$411,296NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$33,823CashBOYAmt
Cash EOY$17,847CashEOYAmt
Cash EOYFMV$19,137CashEOYFMVAmt
Sav And Temp Cash Invst BOY$302,283SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$707,572SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$707,572SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$1,197,142USGovernmentObligationsBOYAmt
US Government Obligations EOY$1,104,225USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$1,157,168USGovtObligationsEOYFMVAmt
Corporate Stock BOY$11,494,210CorporateStockBOYAmt
Corporate Stock EOY$11,199,594CorporateStockEOYAmt
Corporate Stock EOYFMV$16,040,886CorporateStockEOYFMVAmt
Corporate Bonds BOY$1,791,659CorporateBondsBOYAmt
Corporate Bonds EOY$1,472,495CorporateBondsEOYAmt
Corporate Bonds EOYFMV$1,548,532CorporateBondsEOYFMVAmt
Total Assets BOY$14,819,117TotalAssetsBOYAmt
Total Assets EOY$14,501,733TotalAssetsEOYAmt
Total Assets EOYFMV$19,473,295TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$14,819,117NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$14,501,733NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$14,819,117TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$14,501,733TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$14,819,117TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$14,501,733TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$14,819,117TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$317,384ExcessRevenueOverExpensesAmt
Subtotal$14,501,733SubtotalAmt
Tot Net Ast Or Fund Balances EOY$14,501,733TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
RBC L/T NON-COVEREDP$1,168,706$1,128,388$40,318$40,318
RBC S/T COVEREDP$415,905$413,131$2,774$2,774
RBC L/T COVEREDP$447,808$434,573$13,235$13,235
FieldValueIRS element (for citing)
Capital Gain Net Income$63,688CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$2,774NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5,717InvestmentIncomeExciseTaxAmt
Subtotal$5,717SubtotalAmt
Tax Based On Investment Income$5,717TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$5,160EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$5,160TotalPaymentsAndCreditsAmt
Tax Due$557TaxDueAmt

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 StateMDOrgReportOrRegisterStateCd
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
Website AddressN/AWebsiteAddressTxt
Individual With BooksGERALD L STURGILLIndividualWithBooksNm
Phone4108484460PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 0546AddressLine1Txt
Address Line220 LIBERTY STREETAddressLine2Txt
CityWESTMINSTERCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21158ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
CHARLES E STONER
369 GREY FRIARS ROADWESTMINSTERMD21158PRESIDENT3.00$20,000$0$0
GERALD L STURGILL
20 LIBERTY STREETWESTMINSTERMD21157VICE PRESIDE3.00$20,000$0$0
MARCUS L PRIMM
369 GREY FRIARS ROADWESTMINSTERMD21158DIRECTOR3.00$20,000$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$18,043,456AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$30,225AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$18,073,681TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$18,073,681AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$271,105CashDeemedCharitableAmt
Net Vl Noncharitable Assets$17,802,576NetVlNoncharitableAssetsAmt
Minimum Investment Return$890,129MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$890,129MinimumInvestmentReturnAmt
Tax Based On Investment Income$5,717TaxBasedOnInvestmentIncomeAmt
Total Tax$5,717TotalTaxAmt
Distributable Before Adj$884,412DistributableBeforeAdjAmt
Distributable Before Ded$884,412DistributableBeforeDedAmt
Distributable As Adjusted$884,412DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$725,000ExpensesAndContributionsAmt
Qualifying Distributions$725,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$884,412DistributableAsAdjustedAmt
Undistributed Income PY$579,743UndistributedIncomePYAmt
Qualifying Distributions$725,000QualifyingDistributionsAmt
Applied To Year1$579,743AppliedToYear1Amt
Applied To Current Year$145,257AppliedToCurrentYearAmt
Undistributed Income CY$739,155UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonTHE TRUMPOWER FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1369 GREY FRIARS ROADAddressLine1Txt
CityWESTMISNTERCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21158ZIPCd
FieldValueIRS element (for citing)
Recipient Phone4108484460RecipientPhoneNum
Form And Info And MaterialsWRITTEN REQUEST INCLUDING DETAILS OF GRANT AMOUNT AND HOW FUNDS WILL BE USED.FormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE COMMUNITY FOUNDATION OF
FREDERICK COUNTY312 E CHURCH STFREDERICKMD21701SCHOLARSHIPS/EDUCATION$625,000
CARROLL HOSPITAL FOUNDATION
200 MEMORIAL AVEWESTMINSTERMD21157SCHOLARSHIPS/EDUCATION$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$725,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$67,747ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$444,942ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$63,688ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$576,377ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$576,377TotalIncomeProducingActyAmt

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)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$5,500Amt

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationTHERE IS NOT A REQUIREMENT IN THE STATE OF MARYLAND TO SUBMIT A COPYExplanationTxt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondTAXABLE FIXED INCOMEBondNm
EOY Book Value$1,472,495EOYBookValueAmt
EOYFMV$1,548,532EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
US EQUITIES$9,358,966$13,651,328
INTERNATIONAL EQUITIES$1,185,134$1,506,736
OTHER ASSETS$655,494$882,822

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
State Local Sec Book Vl EOY$1,104,225StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV$1,157,168StateLocalSecEOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
OFFICE$530
INSURANCE$1,761
INVESTMENT FEES$88,016$88,016

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT OTHER PROFESSIONAL FEESCategoryTxt
Amt$5,000Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtNet Investment IncomeNetInvestmentIncomeAmtAmtAmt
FOREIGN TAXES$4,769
OTHER TAXES$7,954

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