KENNETH O NELSON AND JANET C NELSON SCHOLARSHIP FUND TR UAD 5-23-06: Form 990PF, tax year 2013

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
2013-01-01 to 2013-12-31
Filed
2014-04-15
IRS object ID
201441059349100819
Schema version
2013v3.1
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)
Return2014-04-15T02:50:01-00:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Donald J Cammus EABusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1580 East 6th StreetAddressLine1
CityFlorenceCity
StateNJState
ZIP Code08518ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

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 05232008BusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlKENNBusinessNameControlTxt
Phone6094992074PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line191 Ridgway DriveAddressLine1
CityBordentownCity
StateNJState
ZIP Code08505ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROY PLUMMERPersonNm
Person TitleTrusteePersonTitleTxt
Signature2014-04-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDonald J Cammus EAPreparerPersonNm
Phone6094999126PhoneNum
Preparation2014-04-15PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,538,841FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Dividends Rev And Expnss$47,988DividendsRevAndExpnssAmt
Dividends Net Invst Incm$47,988DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$37,889NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$204,007GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$37,889CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$85,877TotalRevAndExpnssAmt
Total Net Invst Incm$85,877TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$16,900CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$1,600AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$1,247TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$19,747TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$40,973ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$40,973ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$60,720TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$40,973TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$25,157ExcessRevenueOverExpensesAmt
Net Investment Income$85,877NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Corporate Stock BOY$1,382,946CorporateStockBOYAmt
Corporate Stock EOY$1,538,841CorporateStockEOYAmt
Corporate Stock EOYFMV$1,538,841CorporateStockEOYFMVAmt
Total Assets BOY$1,382,946TotalAssetsBOYAmt
Total Assets EOY$1,538,841TotalAssetsEOYAmt
Total Assets EOYFMV$1,538,841TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Temporarily Restricted BOY$1,382,946TemporarilyRestrictedBOYAmt
Temporarily Restricted EOY$1,538,841TemporarilyRestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,382,946TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,538,841TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,382,946TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,538,841TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,382,946TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$25,157ExcessRevenueOverExpensesAmt
Other Increases$130,738OtherIncreasesAmt
Subtotal$1,538,841SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,538,841TotNetAstOrFundBalancesEOYAmt

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
WELLS FARGOP2012-07-032013-06-24$39,101$25,338$13,763$13,763
WELLS FARGOP2012-01-152013-10-30$164,906$140,780$24,126$24,126
FieldValueIRS element (for citing)
Capital Gain Net Income$37,889CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$13,763NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$21,925AdjustedQlfyDistriYr1Amt
Adjusted Qlfy Distri Yr2-$1,134AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets$1,515,758NetVlNoncharitableAssetsAmt
Net Investment Income Pct$859NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$859AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$40,973QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$859InvestmentIncomeExciseTaxAmt
Subtotal$859SubtotalAmt
Tax Based On Investment Income$859TaxBasedOnInvestmentIncomeAmt
Es Penalty$9EsPenaltyAmt
Tax Due$868TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
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 DriveAddressLine1
CityBordentownCity
StateNJState
ZIP Code08505ZIPCode
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
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

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 DriveAddressLine1
CityBordentownCity
StateNJState
ZIP Code08505ZIPCode
FieldValueIRS element (for citing)
TitleTrusteeTitleTxt
Average Hrs Per Wk Devoted To Pos010.00AverageHrsPerWkDevotedToPosRt
Compensation$16,900CompensationAmt

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

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,538,841AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,538,841TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,538,841AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$23,083CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,515,758NetVlNoncharitableAssetsAmt
Minimum Investment Return$75,788MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$75,788MinimumInvestmentReturnAmt
Tax Based On Investment Income$859TaxBasedOnInvestmentIncomeAmt
Total Tax$859TotalTaxAmt
Distributable Before Adj$74,929DistributableBeforeAdjAmt
Distributable Before Ded$74,929DistributableBeforeDedAmt
Distributable As Adjusted$74,929DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$40,973ExpensesAndContributionsAmt
Qualifying Distributions$40,973QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$859PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$40,114AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$74,929DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$22,436ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$22,436TotalExcessDistributionCyovAmt
Qualifying Distributions$40,973QualifyingDistributionsAmt
Applied To Current Year$40,973AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$22,436ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$22,436ExcessDistributionCyovAppCYAmt
Undistributed Income CY$11,520UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonRick McDonaldRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1950 Main StreetAddressLine1
CityWorcesterCity
StateMAState
ZIP Code01610ZIPCode
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 UNIVERSITYBusinessNameLine1

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1950 W MAIN STAddressLine1
CityWORCESTERCity
StateMAState
ZIP Code01610ZIPCode
FieldValueIRS element (for citing)
Recipient RelationshipTRUST BENEFICIARYRecipientRelationshipTxt
Recipient Foundation Status501c3 EDUCATIONRecipientFoundationStatusTxt
Grant Or Contribution PurposeSCHOLARSHIPGrantOrContributionPurposeTxt
Amt$40,973Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$40,973TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$47,988UnrelatedBusinessTaxblIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$37,889UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$85,877UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$85,877TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
7Dividends 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$1,600Amt

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
PORTFOLIO SALES
WELLS FARGO2012-07P2013-06$39,101$25,338CIOST$13,763
PORTFOLIO SALES
WELLS FARGO2012-01P2013-10$164,906$140,780COST$24,126

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
Stock1 shares of Wells Fargo AdvisorsStockNm
EOY Book Value$1,538,841EOYBookValueAmt
EOYFMV$1,538,841EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescriptionMark up assets to FMV of investment portfolioDescription
Amount$130,738Amount

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIncome taxCategoryTxt
Amt$1,247Amt

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