NINETY ONE SCHOLARSHIP FUND: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
NINETY ONE SCHOLARSHIP FUND (EIN 20-0508968)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-05-31
IRS object ID
201611529349100301
Schema version
2015v2.1
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)
Return2016-05-31T07:22:16-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN471793720PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ARCARA ZUCARELLI LENDA & STRAKACPAS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15214 MAIN ST STE 200AddressLine1Txt
CityWILLIAMSVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP14221ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN200508968EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NINETY ONE SCHOLARSHIP FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNINEBusinessNameControlTxt
Phone7162976441PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14500 WITMER INDUSTRIAL ESTATESAddressLine1Txt
CityNIAGARA FALLSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14305ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRANDY PALLADINOPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone7162976441PhoneNum
Signature2016-05-31SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID ARCARA CPAPreparerPersonNm
PTINP00165827PTIN
Phone7166342722PhoneNum
Preparation2016-05-31PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$44,959FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$14,230ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Total Rev And Expnss$14,230TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$600AccountingFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$600TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$3,900ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$3,900ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$4,500TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$3,900TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$9,730ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$35,229CashBOYAmt
Cash EOY$44,959CashEOYAmt
Cash EOYFMV$44,959CashEOYFMVAmt
Total Assets BOY$35,229TotalAssetsBOYAmt
Total Assets EOY$44,959TotalAssetsEOYAmt
Total Assets EOYFMV$44,959TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$35,229UnrestrictedBOYAmt
Unrestricted EOY$44,959UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$35,229TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$44,959TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$35,229TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$44,959TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$35,229TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$9,730ExcessRevenueOverExpensesAmt
Subtotal$44,959SubtotalAmt
Tot Net Ast Or Fund Balances EOY$44,959TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$4,075AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$28,559NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.142687DistributionYr1Rt
Adjusted Qlfy Distri Yr2$2,625AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$17,745NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.147929DistributionYr2Rt
Total Distribution0.290616TotalDistributionRt
Average Distribution0.145308AverageDistributionRt
Net Vl Noncharitable Assets$38,526NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$5,598AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$5,598AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$3,900QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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 StateNYOrgReportOrRegisterStateCd
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 BooksRANDY PALLADINOIndividualWithBooksNm
Phone7162976441PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14500 WITMER INDUSTRIAL ESTATESAddressLine1Txt
CityNIAGARA FALLSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14305ZIPCd
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 IndividualsYes (true)GrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
RICHARD PALLADINO
4500 WITMER INDUSTRIAL ESTATESNIAGARA FALLSNY14305TRUSTEE1.00$0$0$0
NICHOLAS PERRY SR
4500 WITMER INDUSTRIAL ESTATESNIAGARA FALLSNY14305TRUSTEE1.00$0$0$0
RANDY PALLADINO
4500 WITMER INDUSTRIAL ESTATESNIAGARA FALLSNY14305TRUSTEE1.00$0$0$0
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)
Description1GRANT SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS PURSUING POST-SECONDARY EDUCATION AT TWO AND FOUR YEAR INSTITUTIONS.Description1Txt
Expenses1$2,925Expenses1Amt

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$39,113AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$39,113TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$39,113AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$587CashDeemedCharitableAmt
Net Vl Noncharitable Assets$38,526NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,926MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,926MinimumInvestmentReturnAmt
Distributable Before Adj$1,926DistributableBeforeAdjAmt
Distributable Before Ded$1,926DistributableBeforeDedAmt
Distributable As Adjusted$1,926DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$3,900ExpensesAndContributionsAmt
Qualifying Distributions$3,900QualifyingDistributionsAmt
Adjusted Qualifying Distri$3,900AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,926DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$3,278ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,995ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,466ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,738ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$2,647ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$12,124TotalExcessDistributionCyovAmt
Qualifying Distributions$3,900QualifyingDistributionsAmt
Applied To Current Year$1,926AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,974RemainingDistriFromCorpusAmt
Total Corpus$14,098TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$3,278ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$10,820ExcessDistriCyovToNextYrAmt
Excess From Year4$2,995ExcessFromYear4Amt
Excess From Year3$1,466ExcessFromYear3Amt
Excess From Year2$1,738ExcessFromYear2Amt
Excess From Year1$2,647ExcessFromYear1Amt
Excess From Current Year$1,974ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonLABORERS' LOCAL 91 SCHOLARSHIP PRORecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line14500 WITMER INDUSTRIAL ESTATESAddressLine1Txt
CityNIAGARA FALLSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14305ZIPCd
FieldValueIRS element (for citing)
Recipient Phone7162976441RecipientPhoneNum
Form And Info And MaterialsAPPLICATION AND REQUIRED SUPPORTING DOCUMENTATION (I.E. TRANSCRIPT OF HIGH SCHOOL GRADES THROUGH THE LATEST GRADING PERIOD PRIOR TO THE DATE OF APPLICATION AND LETTER OF RECOMMENDATION FROM MEMBER OF THE HIGH SCHOOL FACULTY.)FormAndInfoAndMaterialsTxt
Submission DeadlinesLAST BUSINESS DAY IN MAY 2015SubmissionDeadlinesTxt
Restrictions On AwardsAPPLICANTS MUST BE THE CHILD/GRANDCHILD OF AN ACTIVE OR RETIRED MEMBER OF LABORERS LOCAL UNION NO. 91, OR THE CHILD OF A SIGNATORY EMPLOYER.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
DOM MCGUIRE JR
3159 RIDGE ROADRANSOMVILLENY14131NONEN/ASCHOLARSHIP$650
MATTHEW SCHIAVI
649 SARA CTLEWISTONNY14092NONEN/ASCHOLARSHIP$650
STEPHANIE NEWMAN
179 MILL ROADWEST SENECANY14224NONEN/ASCHOLARSHIP$650
MATTHEW MANNING
576 78TH STREETNIAGARA FALLSNY14304NONEN/ASCHOLARSHIP$650
EMILY DUMOND
7027 KINNE RDLOCKPORTNY14094NONEN/ASCHOLARSHIP$650
KYLE MAJKA
8485 BUNKERHILLGASPORTNY14067NONEN/ASCHOLARSHIP$650
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$3,900TotalGrantOrContriPdDurYrAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$600Amt

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