WILKERSON SCHOLORSHIP FUND: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
WILKERSON SCHOLORSHIP FUND (EIN 06-1617537)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-10-02
IRS object ID
201822759349100307
Schema version
2017v2.3
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)
Return2018-10-02T03:53:49-00:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Thomas D Rich CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12067 Barnum Avenue Unit DAddressLine1Txt
CityStratfordCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06615ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN061617537EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WILKERSON SCHOLARSHIP FUND LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWILKBusinessNameControlTxt
Phone2038533030PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 511AddressLine1Txt
CityNORWALKCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06852ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJules LangPersonNm
Person TitleTrusteePersonTitleTxt
Signature2018-10-02SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonThomas D RichPreparerPersonNm
Phone2033751105PhoneNum
Preparation2018-10-02PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2017TaxYr
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$7,500ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$262InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$262InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$38,372DividendsRevAndExpnssAmt
Dividends Net Invst Incm$38,372DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$8,855NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$43,410GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$8,855CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$54,989TotalRevAndExpnssAmt
Total Net Invst Incm$47,489TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,225AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$597TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$2,957OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$4,779TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$17,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$17,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$21,779TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$17,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$33,210ExcessRevenueOverExpensesAmt
Net Investment Income$47,489NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$316,451CashBOYAmt
Cash EOY$23,302CashEOYAmt
Corporate Bonds BOY$248,694CorporateBondsBOYAmt
Corporate Bonds EOY$575,053CorporateBondsEOYAmt
Total Assets BOY$565,145TotalAssetsBOYAmt
Total Assets EOY$598,355TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$565,145RetainedEarningBOYAmt
Retained Earning EOY$598,355RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$565,145TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$598,355TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$565,145TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$598,355TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$565,145TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$33,210ExcessRevenueOverExpensesAmt
Subtotal$598,355SubtotalAmt
Tot Net Ast Or Fund Balances EOY$598,355TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyFAHDXPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2015-12-18AcquiredDt
Sold2017-04-18SoldDt
Gross Sales Price$43,410GrossSalesPriceAmt
Cost Or Other Basis$34,555CostOrOtherBasisAmt
Gain Or Loss$8,855GainOrLossAmt
Gains Minus Excess Or Losses$8,855GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$8,855CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$11,957AdjustedQlfyDistriYr1Amt
Adjusted Qlfy Distri Yr2$15,836AdjustedQlfyDistriYr2Amt
Adjusted Qlfy Distri Yr3$18,210AdjustedQlfyDistriYr3Amt
Adjusted Qlfy Distri Yr4$14,219AdjustedQlfyDistriYr4Amt
Adjusted Qlfy Distri Yr5$10,894AdjustedQlfyDistriYr5Amt
Net Investment Income Pct$475NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$475AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$17,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$475InvestmentIncomeExciseTaxAmt
Subtotal$475SubtotalAmt
Tax Based On Investment Income$475TaxBasedOnInvestmentIncomeAmt
Tax Due$475TaxDueAmt

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 StateCTOrgReportOrRegisterStateCd
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 BooksATTORNEY JULES LANGIndividualWithBooksNm
Phone2038533030PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line17-9 ISAAC STREETAddressLine1Txt
CityNORWALKCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06850ZIPCd
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 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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJULES LANGPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 511AddressLine1Txt
CityNORWALKCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06852ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos001.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE WILKERSON SCHOLARSHIP FUND PROVIDED 19 SCHOLARSHIPS TO LOCAL STUDENTS IN ACCORDANCE WITH THE FUNDS EXEMPT PURPOSE.Description1Txt
Expenses1$0Expenses1Amt
FieldValueIRS element (for citing)
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$475TaxBasedOnInvestmentIncomeAmt
Total Tax$475TotalTaxAmt
Distributable Before Adj$475DistributableBeforeAdjAmt
Distributable Before Ded$475DistributableBeforeDedAmt
Distributable As Adjusted-$475DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$17,000ExpensesAndContributionsAmt
Qualifying Distributions$17,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$475PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$16,525AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted-$475DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$11,250ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$14,500ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$18,500ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$16,000ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$12,300ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$72,550TotalExcessDistributionCyovAmt
Qualifying Distributions$17,000QualifyingDistributionsAmt
Remaining Distri From Corpus$17,000RemainingDistriFromCorpusAmt
Total Corpus$89,550TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$11,725ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$77,825ExcessDistriCyovToNextYrAmt
Excess From Year4$14,500ExcessFromYear4Amt
Excess From Year3$18,500ExcessFromYear3Amt
Excess From Year2$16,000ExcessFromYear2Amt
Excess From Year1$12,300ExcessFromYear1Amt
Excess From Current Year$17,000ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Sean Walters
347 Oaklawn AvenueStamfordCT06905Scholarship$2,000
Gabriella Duran
29 Ridge AvenueBridgeportCT06604Scholarship$2,000
Kenniece Coker
1 Rockfield DriveStamfordCT06902Scholarship$2,000
Marissa Howlett
71 Birdsey StreetBridgeportCT06610Scholarship$2,000
Ajsa Vega
505 Westport Avenue Unit 12NorwalkCT06851Scholarship$2,000
Gabriela Nunez
5 Amundsen StreetNorwalkCT06855Scholarship$2,000
Azaac Ballard
24 Third StreetNorwalkCT06855Scholarship$2,000
Isabel Herrera
1 Third StreetNorwalkCT06855Scholarship$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$17,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$38,372RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$38,372RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$38,372TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number1LineNumberTxt
Relationship StatementN/ARelationshipStatementTxt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryThomas D. Rich, CPACategoryTxt
Amt$1,225Amt

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (19 entries)

BondBondNmEOY Book ValueEOYBookValueAmt
CVA$31,603
HBI$31,521
HPT$29,979
FIDELITY ADVISOR$28,920
PRUDENTIAL JENNISON SELECT$22,649
MIC$31,567
YACKTMAN FUND SERVICE$21,678
PFE$31,606
AGIC CONV INCOME FD COM$31,656
ALLIANZ AGIC INCOME GROWTH$42,352
FIDELITY ADVISOR HEALTH CARE$30,628
HANCOCK JOHN PFD INCOME$27,213
FS INVT CORP COM$24,450
PGP$31,521
RDSA$31,537
SIR$31,537
SNH$31,502
VZ$31,427
FSUTX$31,707

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Management Fees$2,892
Commissions$65

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIncome TaxCategoryTxt
Amt$597Amt

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