KENNETH O NELSON AND JANET C NELSON SCHOLARSHIP FUND TR UAD 5-23-06: Form 990PF, tax year 2020

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
2020-01-01 to 2020-12-31
Filed
2021-02-26
IRS object ID
202100599349100600
Schema version
2020v4.0
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)
Return2021-02-26T07:55:57-00:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

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 Begin2020-01-01TaxPeriodBeginDt

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)
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
Signature2021-02-26SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDonald J CammusPreparerPersonNm
PTINP00397499PTIN
Phone6094999126PhoneNum
Preparation2021-02-26PreparationDt
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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,908,564FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$9InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$9InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$54,266DividendsRevAndExpnssAmt
Dividends Net Invst Incm$54,266DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$2,995NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$32,524GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$57,270TotalRevAndExpnssAmt
Total Net Invst Incm$54,275TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$23,975CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$2,475CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$21,500CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$500AccountingFeesRevAndExpnssAmt
Accounting Fees Adj Net Incm$500AccountingFeesAdjNetIncmAmt
Other Prof Fees Rev And Expnss$21,000OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$5,250OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$15,750OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$443TaxesRevAndExpnssAmt
Taxes Net Invst Incm$73TaxesNetInvstIncmAmt
Taxes Adj Net Incm$370TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$45,918TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,798TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$870TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$37,250TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$20,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$20,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$65,918TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,798TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$870TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$57,250TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$8,648ExcessRevenueOverExpensesAmt
Net Investment Income$46,477NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Corporate Stock BOY$1,908,564CorporateStockBOYAmt
Corporate Stock EOY$1,930,391CorporateStockEOYAmt
Corporate Stock EOYFMV$1,908,564CorporateStockEOYFMVAmt
Total Assets BOY$1,908,564TotalAssetsBOYAmt
Total Assets EOY$1,930,391TotalAssetsEOYAmt
Total Assets EOYFMV$1,908,564TotalAssetsEOYFMVAmt
Other Liabilities BOY$30,000OtherLiabilitiesBOYAmt
Other Liabilities EOY$30,000OtherLiabilitiesEOYAmt
Total Liabilities BOY$30,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$30,000TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
Donor Rstr Net Assets BOY$1,878,564DonorRstrNetAssetsBOYAmt
Donor Rstr Net Assets EOY$1,900,391DonorRstrNetAssetsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,878,564TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,900,391TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,908,564TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,930,391TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,878,564TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$8,648ExcessRevenueOverExpensesAmt
Other Increases$30,475OtherIncreasesAmt
Subtotal$1,900,391SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,900,391TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$646InvestmentIncomeExciseTaxAmt
Subtotal$646SubtotalAmt
Tax Based On Investment Income$646TaxBasedOnInvestmentIncomeAmt
Es Penalty$9EsPenaltyAmt
Tax Due$655TaxDueAmt

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
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$23,975CompensationAmt

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$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1The foundation has its all of its assets invested in an Oppenheimer managed investment account. The net value of the investment portfolio is stated at FMV and is expected to sustain the scholarship awards, trustee, and account management fees for a period of not less than 25 years.Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$425,000AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$425,000TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$425,000AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,375CashDeemedCharitableAmt
Net Vl Noncharitable Assets$418,625NetVlNoncharitableAssetsAmt
Minimum Investment Return$20,931MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$20,931MinimumInvestmentReturnAmt
Tax Based On Investment Income$646TaxBasedOnInvestmentIncomeAmt
Total Tax$646TotalTaxAmt
Distributable Before Adj$20,285DistributableBeforeAdjAmt
Distributable Before Ded$20,285DistributableBeforeDedAmt
Distributable As Adjusted$20,285DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$57,250ExpensesAndContributionsAmt
Qualifying Distributions$57,250QualifyingDistributionsAmt
Adjusted Qualifying Distri$57,250AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$20,285DistributableAsAdjustedAmt
Undistributed Income PY$56,878UndistributedIncomePYAmt
Qualifying Distributions$57,250QualifyingDistributionsAmt
Applied To Year1$56,878AppliedToYear1Amt
Applied To Current Year$372AppliedToCurrentYearAmt
Undistributed Income CY$19,913UndistributedIncomeCYAmt

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 AwardsReceipient will be enrolled in Clark UniversityRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonClark UniversityRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1950 Main StreetAddressLine1Txt
CityWorcesterCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01610ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipAward ReceipientRecipientRelationshipTxt
Recipient Foundation StatusIRecipientFoundationStatusTxt
Grant Or Contribution PurposeScholarshipGrantOrContributionPurposeTxt
Amt$20,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$20,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$9UnrelatedBusinessTaxblIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$54,266UnrelatedBusinessTaxblIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$2,995UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$57,270UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$57,270TotalIncomeProducingActyAmt

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 and sustainabilty to the Foundations scholarship granting purpose
8Gains on investment assets provide sustainabilty to the Foundations scholarship granting purpose
11Non-recurring additions to corpus provide sustainability of the Foundations scholarship granting 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

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasis MethodBasisMethodTxtTotal NetTotalNetAmtBasisBasisAmt
Oppenheimer
Oppenheimer Aggregate Short Term2020-12P2020-12$7Cost$7
Oppenheimer
Oppenheimer Aggregate Long2019-12P2020-12$32,517Cost$2,988$29,529

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
Stock1 shares of OppenheimerStockNm
EOY Book Value$1,930,391EOYBookValueAmt
EOYFMV$1,908,564EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescMark to Market Unrealized GainsDesc
Amt$30,475Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescSCHOLARSHIPS DESIGNATED TO CLARK UNIVERSITYDesc
BOY Book Value$30,000BOYBookValueAmt
EOY Book Value$30,000EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryOppenheimer Portfolio Management FeesCategoryTxt
Amt$21,000Amt
Net Investment Income$5,250NetInvestmentIncomeAmt
Disbursements Charitable Prps$15,750DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
Foreign Tax on investment income$73$73
Federal Income Tax$370$370

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.