KENNETH O NELSON AND JANET C NELSON SCHOLARSHIP FUND TR UAD 5-23-06: Form 990PF, tax year 2018

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
2018-01-01 to 2018-12-31
Filed
2019-04-27
IRS object ID
201901179349100000
Schema version
2018v3.1
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)
Return2019-04-27T07:28:44-00:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

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 E 6th StreetAddressLine1Txt
CityFlorenceCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08518ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

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
Signature2019-04-27SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDonald J Cammus EAPreparerPersonNm
Phone6094999126PhoneNum
Preparation2019-04-27PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address73.29.8.207IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-04-27IPDt
IP Tm11:26:53IPTm
IP TimezoneEDIPTimezoneCd
Federal Original Submission Id2270872019105spq7dmjFederalOriginalSubmissionId
Federal Original Submission Id2019-04-27FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdFE56D84646AEAE45DD12F410E8C6DC91DF35306AAtSubmissionCreationDeviceId
At Submission Filing Device IdFE56D84646AEAE45DD12F410E8C6DC91DF35306AAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,632,188FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$199InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$199InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$51,947DividendsRevAndExpnssAmt
Dividends Net Invst Incm$51,947DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$1,718NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$97,675GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$50,428TotalRevAndExpnssAmt
Total Net Invst Incm$52,146TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$21,475CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$20,874AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$20,399AccountingFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$42,349TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$20,399TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$15,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$15,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$57,349TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$20,399TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$15,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$6,921ExcessRevenueOverExpensesAmt
Net Investment Income$31,747NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Corporate Stock BOY$1,717,911CorporateStockBOYAmt
Corporate Stock EOY$1,632,188CorporateStockEOYAmt
Corporate Stock EOYFMV$1,632,188CorporateStockEOYFMVAmt
Total Assets BOY$1,717,911TotalAssetsBOYAmt
Total Assets EOY$1,632,188TotalAssetsEOYAmt
Total Assets EOYFMV$1,632,188TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Temporarily Restricted BOY$1,717,911TemporarilyRestrictedBOYAmt
Temporarily Restricted EOY$1,632,188TemporarilyRestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,717,911TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,632,188TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,717,911TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,632,188TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,717,911TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$6,921ExcessRevenueOverExpensesAmt
Subtotal$1,710,990SubtotalAmt
Other Decreases$78,802OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,632,188TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$1,799,891AdjustedQlfyDistriYr1Amt
Adjusted Qlfy Distri Yr3$26,169AdjustedQlfyDistriYr3Amt
Adjusted Qlfy Distri Yr4$45,260AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,624,771NetVlNoncharitableAssetsYr4Amt
Distribution Yr4000.027856DistributionYr4Rt
Adjusted Qlfy Distri Yr5$40,114AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,515,758NetVlNoncharitableAssetsYr5Amt
Distribution Yr5000.026465DistributionYr5Rt
Total Distribution000.054321TotalDistributionRt
Average Distribution000.010864AverageDistributionRt
Net Investment Income Pct$317NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$317AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$15,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$317InvestmentIncomeExciseTaxAmt
Subtotal$317SubtotalAmt
Tax Based On Investment Income$317TaxBasedOnInvestmentIncomeAmt
Tax Due$317TaxDueAmt

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
Undistributed Income PY12014UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 App Yr12014UndistrIncmSect4942a2AppYr1Yr
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$21,475CompensationAmt

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.Description1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

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

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$317TaxBasedOnInvestmentIncomeAmt
Total Tax$317TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$15,000ExpensesAndContributionsAmt
Qualifying Distributions$15,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$317PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$14,683AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Qualifying Distributions$15,000QualifyingDistributionsAmt
Undistributed Income CY$0UndistributedIncomeCYAmt

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

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Clark UniversityBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1590 Main StreetAddressLine1Txt
CityWorcesterCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01610ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipBeneficiaryRecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeScholarshipsGrantOrContributionPurposeTxt
Amt$15,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$15,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$199UnrelatedBusinessTaxblIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$51,947UnrelatedBusinessTaxblIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm-$1,718UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$50,428UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$50,428TotalIncomeProducingActyAmt

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 (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
Donald J. Cammus EA$475
Wells Fargo Banking Fees$20,399$20,399

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 PriceGrossSalesPriceAmtBasisBasisAmtBasis MethodBasisMethodTxtTotal NetTotalNetAmt
Wells Fargo
Wells Fargo Advisor2016-11P2018-12$85,605$91,240Cost-$5,635
Wells Farge
Wells Fargo Advisor2010-012018-02$12,070$8,153Cost$3,917

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
Stock1 shares of Wells Fargo AdvisorsStockNm
EOY Book Value$1,632,188EOYBookValueAmt
EOYFMV$1,632,188EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescMark to Market Unrealized GainsDesc
Amt$78,802Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Taxes Schedule TaxesSchedule

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