KAMERON TY WALLACE MEMORIAL SCHOLARSHIP FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
KAMERON TY WALLACE MEMORIAL SCHOLARSHIP FOUNDATION (EIN 84-4065953)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-16
IRS object ID
202231369349101748
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)
Return2022-05-16T09:14:15-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN421130301PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WELGAARD CPAS AND ADVISORSBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1916 W 16TH STAddressLine1Txt
CityPELLACityNm
State AbbreviationIAStateAbbreviationCd
ZIP502197918ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN844065953EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KAMERON TY WALLACE MEMORIAL SCHOLARBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKAMEBusinessNameControlTxt
Phone6605414157PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14528 STATE HIGHWAY OAddressLine1Txt
CitySTANBERRYCityNm
State AbbreviationMOStateAbbreviationCd
ZIP64489ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTRESTON WALLACEPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone6605414157PhoneNum
Signature2022-05-09SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstTRESTONPersonFirstNm
Person LastWALLACEPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRANDON MATSONPreparerPersonNm
PTINP02264016PTIN
Phone6416284521PhoneNum
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$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,050ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$10InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$10InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$7,887DividendsRevAndExpnssAmt
Dividends Net Invst Incm$7,887DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$19,059NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$107,259GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$8,289CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$28,006TotalRevAndExpnssAmt
Total Net Invst Incm$16,186TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$995AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$995AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$33TaxesRevAndExpnssAmt
Taxes Net Invst Incm$33TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,028TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,028TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$6,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$6,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$7,028TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,028TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$6,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$20,978ExcessRevenueOverExpensesAmt
Net Investment Income$15,158NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$56,455SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$77,433SavAndTempCashInvstEOYAmt
Total Assets BOY$56,455TotalAssetsBOYAmt
Total Assets EOY$77,433TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$56,455NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$77,433NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$56,455TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$77,433TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$56,455TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$77,433TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$56,455TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$20,978ExcessRevenueOverExpensesAmt
Subtotal$77,433SubtotalAmt
Tot Net Ast Or Fund Balances EOY$77,433TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$8,289CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$211InvestmentIncomeExciseTaxAmt
Subtotal$211SubtotalAmt
Tax Based On Investment Income$211TaxBasedOnInvestmentIncomeAmt
Tax Due$211TaxDueAmt

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
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateMOOrgReportOrRegisterStateCd
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 BooksLINDA B HOCUMBRINKIndividualWithBooksNm
Phone8163646677PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14528 STATE HWY OAddressLine1Txt
CitySTANBERRYCityNm
State AbbreviationMOStateAbbreviationCd
ZIP64489ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
TRESTON WALLACE
4528 STATE HWY OSTANBERRYMO64489TRUSTEE000.00$0$0$0
TAMMY WALLACE
4528 STATE HWY OSTANBERRYMO64489TRUSTEE000.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$90,305FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$90,305TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$90,305AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,355CashDeemedCharitableAmt
Net Vl Noncharitable Assets$88,950NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,448MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,448MinimumInvestmentReturnAmt
Tax Based On Investment Income$211TaxBasedOnInvestmentIncomeAmt
Total Tax$211TotalTaxAmt
Distributable Before Adj$4,237DistributableBeforeAdjAmt
Distributable Before Ded$4,237DistributableBeforeDedAmt
Distributable As Adjusted$4,237DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$6,000ExpensesAndContributionsAmt
Qualifying Distributions$6,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,237DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$7,649ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$7,649TotalExcessDistributionCyovAmt
Qualifying Distributions$6,000QualifyingDistributionsAmt
Applied To Current Year$4,237AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,763RemainingDistriFromCorpusAmt
Total Corpus$9,412TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$9,412ExcessDistriCyovToNextYrAmt
Excess From Year1$7,649ExcessFromYear1Amt
Excess From Current Year$1,763ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonTRESTON TAMMY WALLACERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line14528 STATE HWY OAddressLine1Txt
CitySTANBERRYCityNm
State AbbreviationMOStateAbbreviationCd
ZIP64489ZIPCd
FieldValueIRS element (for citing)
Recipient Phone6605414157RecipientPhoneNum
Recipient Email AddressTLWX2@HOTMAIL.COMRecipientEmailAddressTxt
Form And Info And MaterialsPREFERENCE WILL BE GIVEN TO STUDENTS WHO GRADUATE FROM STANBERRY R-LL HIGH SCHOOL, OR SUCCESSOR SCHOOL DISTRICT IN GENTRY COUNTY, MISSOURI; WERE ACTIVE IN EXTRACURRICULAR ACTIVITIES THROUGHOUT THEIR HIGH SCHOOL CAREER; EXPRESS AN INTEREST IN FARMING OR HAVE WORKED ON A FARM; AND DISPLAY THE CHARACTERISTICS THAT KAMERON TY WALLACE DISPLAYED DURING HIS LIFE, SUCH AS PERSEVERANCE, DETERMINATION, LEADERSHIP, HARD-WORK, AND THE ABILITY TO MOTIVATE OTHERS TO BE THEIR BEST.FormAndInfoAndMaterialsTxt
Restrictions On AwardsAPPLICANTS MUST BE GRADUATING STUDENTS FROM A HIGH SCHOOL IN NORTHWEST MISSOURI. SCHOLARSHIPS WILL BE AWARDED ON A ONE-TIME BASIS AND ARE NOT ELIGIBLE FOR RENEWAL.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MORGAN WALLACE
2658 STATE HIGHWAY UGENTRYMO64453SCHOLARSHIP$1,000
RILEY MCQUEEN
201 WEST SOUTH STREETSTANBERRYMO64489SCHOLARSHIP$1,000
MALLORY WOOD
413 NORTH ALANTHUSSTANBERRYMO64489SCHOLARSHIP$1,000
AMY HOOVER
216 WEST 1STSTANBERRYMO64489SCHOLARSHIP$1,000
ANDAYA BROWN
620 NORTH WILLOW STREETSTANBERRYMO64489SCHOLARSHIP$1,000
COLLIN SAGER
507 EAST MAINSTANBERRYMO64489SCHOLARSHIP$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$6,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$7,887ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,289ExclusionAmt
Related Or Exempt Function Incm$10,770RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$16,186ExclusionAmt
Related Or Exempt Function Incm$10,770RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$26,956TotalIncomeProducingActyAmt

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)
CategoryACCOUNTINGCategoryTxt
Amt$995Amt
Net Investment Income$995NetInvestmentIncomeAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
MAINSTAY INVESTMENTS2021-03PURCHASE2021-01$72,093$62,663$9,430
MAINSTAY INVESTMENTS2019-01PURCHASE2021-01$26,877$25,537$1,340

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAXESCategoryTxt
Amt$33Amt
Net Investment Income$33NetInvestmentIncomeAmt

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