BETA

LINDA AND JAMES ROWE MEMORIAL SCHOLARSHIP FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
LINDA AND JAMES ROWE MEMORIAL SCHOLARSHIP FOUNDATION (EIN 33-1192125)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-03-23
IRS object ID
202120829349100007
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)
Return2021-03-23T08:43:50-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN010560057PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1EDGAR KIKER & CROSS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13440 EASTEX FWYAddressLine1Txt
CityBEAUMONTCityNm
State AbbreviationTXStateAbbreviationCd
ZIP777031896ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN331192125EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LINDA AND JAMES ROWE MEMORIALBusinessNameLine1Txt
Business Name Line2SCHOLARSHIP FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLINDBusinessNameControlTxt
Phone4098352666PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1215 ORLEANS STAddressLine1Txt
CityBEAUMONTCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77701ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRENDA JENKINSPersonNm
Person TitleSECRETARY & VPPersonTitleTxt
Phone4099518087PhoneNum
Signature2021-03-19SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBRENDAPersonFirstNm
Person LastJENKINSPersonLastNm

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHERI K DELMAGEPreparerPersonNm
PTINP00924012PTIN
Phone4098920233PhoneNum
Preparation2021-03-23PreparationDt
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$1,013,938FMVAssetsEOYAmt
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$33,099DividendsRevAndExpnssAmt
Dividends Net Invst Incm$33,099DividendsNetInvstIncmAmt
Dividends Adj Net Incm$33,099DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$20,450NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$358,091GrossSalesPriceAmt
Total Rev And Expnss$12,649TotalRevAndExpnssAmt
Total Net Invst Incm$33,099TotalNetInvstIncmAmt
Total Adj Net Incm$33,099TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,750AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,750AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$1,750AccountingFeesAdjNetIncmAmt
Other Prof Fees Rev And Expnss$9,391OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$9,391OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$9,391OtherProfFeesAdjNetIncmAmt
Taxes Rev And Expnss$2,213TaxesRevAndExpnssAmt
Taxes Net Invst Incm$2,213TaxesNetInvstIncmAmt
Taxes Adj Net Incm$2,213TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$13,354TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,354TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$13,354TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$18,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$18,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$31,354TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,354TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$13,354TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$18,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$18,705ExcessRevenueOverExpensesAmt
Net Investment Income$19,745NetInvestmentIncomeAmt
Adjusted Net Income$19,745AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$31,294CashBOYAmt
Cash EOY$12,990CashEOYAmt
Cash EOYFMV$12,990CashEOYFMVAmt
Corporate Stock BOY$911,692CorporateStockBOYAmt
Corporate Stock EOY$917,176CorporateStockEOYAmt
Corporate Stock EOYFMV$1,000,948CorporateStockEOYFMVAmt
Total Assets BOY$942,986TotalAssetsBOYAmt
Total Assets EOY$930,166TotalAssetsEOYAmt
Total Assets EOYFMV$1,013,938TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$942,986NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$930,166NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$942,986TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$930,166TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$942,986TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$930,166TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$942,986TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$18,705ExcessRevenueOverExpensesAmt
Other Increases$5,885OtherIncreasesAmt
Subtotal$930,166SubtotalAmt
Tot Net Ast Or Fund Balances EOY$930,166TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
CHARLES SCHWAB - ST LOSSP2020-05-072020-10-15$54,741$66,455-$11,714-$11,714
CHARLES SCHWAB - LT LOSSP2016-07-112020-10-10$303,350$312,086-$8,736-$8,736
FieldValueIRS element (for citing)
Capital Gain Net Income-$20,450CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$274InvestmentIncomeExciseTaxAmt
Subtotal$274SubtotalAmt
Tax Based On Investment Income$274TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$448EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$448TotalPaymentsAndCreditsAmt
Overpayment$174OverpaymentAmt
Applied To ES Tax$174AppliedToESTaxAmt

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 StateTXOrgReportOrRegisterStateCd
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 BooksBRENDA JENKINSIndividualWithBooksNm
Phone4098352666PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12626 CALDERAddressLine1Txt
Address Line2SUITE 104AddressLine2Txt
CityBEAUMONTCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77702ZIPCd
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 AllwncExpenseAccountOtherAllwncAmtAddress Line2USAddress/AddressLine2Txt
EVA ROWE
215 ORLEANS STBEAUMONTTX77701PRESIDENT000.00$0$0$0
BRENDA JENKINS
2626 CALDERBEAUMONTTX77702SECRETARY &000.00$0$0$0SUITE 104
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1TO AWARD SCHOLARSHIP TO HORNBECK HIGH SCHOOL TO PROVIDE THE FUNDING FOR THE EDUCATION PROGRAMS AND EQUIPMENT FOR THE ENGLISH AND MATH DEPARTMENTS AND TO ONCE AGAIN BE ABLE TO UNDERWRITE THE IREADY PROGRAM FOR THE 2019-2020 SCHOOL YEAR.Description1Txt

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$926,600AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$23,412AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$950,012TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$950,012AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,250CashDeemedCharitableAmt
Net Vl Noncharitable Assets$935,762NetVlNoncharitableAssetsAmt
Minimum Investment Return$46,788MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$46,788MinimumInvestmentReturnAmt
Tax Based On Investment Income$274TaxBasedOnInvestmentIncomeAmt
Total Tax$274TotalTaxAmt
Distributable Before Adj$46,514DistributableBeforeAdjAmt
Distributable Before Ded$46,514DistributableBeforeDedAmt
Distributable As Adjusted$46,514DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$18,000ExpensesAndContributionsAmt
Qualifying Distributions$18,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$18,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$46,514DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$53,022ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$53,022TotalExcessDistributionCyovAmt
Qualifying Distributions$18,000QualifyingDistributionsAmt
Applied To Current Year$18,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$28,514ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$28,514ExcessDistributionCyovAppCYAmt
Total Corpus$24,508TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$24,508ExcessDistriCyovToNextYrAmt
Excess From Year1$24,508ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonBRENT COON ASSOCIATESRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1215 ORLEANS STAddressLine1Txt
CityBEAUMONTCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77701ZIPCd
FieldValueIRS element (for citing)
Recipient Phone4099518080RecipientPhoneNum
Form And Info And MaterialsAPPLICANTS MUST SUBMIT AN APPLICATION FOR SCHOLARSHIP SUPPLEMENTED WITH AN ESSAY. THE ESSAY QUESTION IS AS FOLLOWS: JAMES AND LINDA ROWE WERE KILLED IN A TRAGIC AND SENSELESS ACCIDENT ON MARCH 23, 2005. GO ONLINE AND DO YOUR RESEARCH ON THIS TRAGEDY AND THEN ANSWER THIS QUESTION: "HOW COULD THIS TRAGEDY HAVE BEEN PREVENTED?"FormAndInfoAndMaterialsTxt
Submission DeadlinesAPRIL 13, 2020SubmissionDeadlinesTxt
Restrictions On AwardsGRADUATING SENIORS FROM HORNBECK HIGH SCHOOL IN LOUISIANA ARE ELIGIBLE FOR THE SCHOLARSHIP. SELECTION CRITERIA CONSISTS OF ACADEMIC PERFORMANCE, PERFORMANCE ON STANDARDIZED TESTS, FINANCIAL NEED, AND PERSONAL INTERVIEWS WITH THE SELECTION COMMITTEE.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CALLISTA HAYMON
7379 HWY 8LEESVILLELA71439NONEEXEMPTSCHOLARSHIP$1,500
CODY JARRELL
478 NORTH LOOPHORNBECKLA71439NONEEXEMPTSCHOLARSHIP$1,500
GRACIE MARTIN
197 FELIX SELF ROADANACOCOLA71403NONEEXEMPTSCHOLARSHIP$1,500
GRADY MITCHAM
641 GRADY KENNEDY RDANACOCOLA71403NONEEXEMPTSCHOLARSHIP$1,500
GAVIN COOPER SMITH
192 PARADISE COVEANACOCOLA71403NONEEXEMPTSCHOLARSHIP$1,500
HALIE SMITH
PO BOX 246HORNBECKLA71439NONEEXEMPTSCHOLARSHIP$1,500
JOSHUA LANDEN CORLEY
548 PLAINVIEW ROADHORNBECKLA71439NONEEXEMPTSCHOLARSHIP$1,500
LUCAS WILSON
174 PLEASANTVIEW ROADHORNBECKLA71439NONEEXEMPTSCHOLARSHIP$1,500
MARK JONES
PO BOX 174HORNBECKLA71439NONEEXEMPTSCHOLARSHIP$1,500
PEIGHTON RHODES
10092 PLAINVIEW ROADHORNBECKLA71439NONEEXEMPTSCHOLARSHIP$1,500
WYATT WOODELL
9474 HWY 111ANACOCOLA71403NONEEXEMPTSCHOLARSHIP$1,500
CALLEE CORLEY
132 BED AND BREAKFAST LNLEESVILLELA71446NONEEXEMPTSCHOLARSHIP$1,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$18,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$33,099ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion-$20,450ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$12,649ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$12,649TotalIncomeProducingActyAmt

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)
Amt$1,750Amt
Net Investment Income$1,750NetInvestmentIncomeAmt
Adjusted Net Income$1,750AdjustedNetIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockMARKETABLE SECURITIESStockNm
EOY Book Value$917,176EOYBookValueAmt
EOYFMV$1,000,948EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNON DIVIDEND DISTRIBUTIONSDesc
Amt$5,885Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryBROKER FEESCategoryTxt
Amt$9,391Amt
Net Investment Income$9,391NetInvestmentIncomeAmt
Adjusted Net Income$9,391AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
FOREIGN TAX$2,030$2,030$2,030
TAXES$183$183$183

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