NINETY ONE SCHOLARSHIP FUND: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: NINETY ONE SCHOLARSHIP FUND (EIN 20-0508968)
Tax period: 2013-01-01 to 2013-12-31
Filed: 2014-11-14
IRS object ID: 201443189349100129
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
Form 990-PF
Compensation Explanation
Other Expenses Schedule
Other Increases Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2014-11-14T09:38:00-06:00	ReturnTs
Tax Period End	2013-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	161462141	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	ARCARA & BORCZYNSKI	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	424 MAIN ST STE 1806	AddressLine1
City	BUFFALO	City
State	NY	State
ZIP Code	142023618	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2013-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	200508968	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NINETY ONE SCHOLARSHIP FUND	BusinessNameLine1

Field	Value	IRS element (for citing)
Business Name Control	NINE	BusinessNameControlTxt
Phone	7162976441	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4500 WITMER INDUSTRIAL ESTATES	AddressLine1
City	NIAGARA FALLS	City
State	NY	State
ZIP Code	14305	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	H RICHARD PALLADINO	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	7162976441	PhoneNum
Signature	2014-11-10	SignatureDt

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DAVID ARCARA	PreparerPersonNm
PTIN	P00165827	PTIN
Phone	7168526681	PhoneNum
Preparation	2014-11-10	PreparationDt

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2015-12-30 17:16:21Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$24,171	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$12,832	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Total Rev And Expnss	$12,832	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Other Expenses Rev And Expnss	$51	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$51	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$2,625	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$2,625	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$2,676	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$2,625	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$10,156	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$13,690	CashBOYAmt
Cash EOY	$24,171	CashEOYAmt
Cash EOYFMV	$24,171	CashEOYFMVAmt
Total Assets BOY	$13,690	TotalAssetsBOYAmt
Total Assets EOY	$24,171	TotalAssetsEOYAmt
Total Assets EOYFMV	$24,171	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted BOY	$13,690	UnrestrictedBOYAmt
Unrestricted EOY	$24,171	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$13,690	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$24,171	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$13,690	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$24,171	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$13,690	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$10,156	ExcessRevenueOverExpensesAmt
Other Increases	$325	OtherIncreasesAmt
Subtotal	$24,171	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$24,171	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	NY	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	H RICHARD PALLADINO	IndividualWithBooksNm
Phone	7162976441	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	4500 WITMER INDUSTRIAL ESTATES	AddressLine1
City	NIAGARA FALLS	City
State	NY	State
ZIP Code	14305	ZIPCode

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc	false	TransactionsFailToQlfyAsExcInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
HECTOR G TITUS
707 AUBURN AVE	BUFFALO	NY	14222	TRUSTEE	2.00	$0	$0	$0
RICHARD PALLADINO
4500 WITMER INDUSTRIAL ESTATES	NIAGARA FALLS	NY	14305	TRUSTEE	1.00	$0	$0	$0
NICHOLAS PERRY SR
4500 WITMER INDUSTRIAL ESTATES	NIAGARA FALLS	NY	14305	TRUSTEE	1.00	$0	$0	$0
RANDY PALLADINO
4500 WITMER INDUSTRIAL ESTATES	NIAGARA FALLS	NY	14305	TRUSTEE	1.00	$0	$0	$0
JOSEPH FALCONE
4500 WITMER INDUSTRIAL ESTATES	NIAGARA FALLS	NY	14305	TRUSTEE	1.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	GRANT SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS PURSUING POST-SECONDARY EDUCATION AT TWO AND FOUR YEAR INSTITUTIONS.	Description1Txt
Expenses1	$2,625	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$18,015	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$0	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$18,015	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$18,015	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$270	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$17,745	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$887	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$887	MinimumInvestmentReturnAmt
Distributable Before Adj	$887	DistributableBeforeAdjAmt
Distributable Before Ded	$887	DistributableBeforeDedAmt
Distributable As Adjusted	$887	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$2,625	ExpensesAndContributionsAmt
Qualifying Distributions	$2,625	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$2,625	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$887	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$7,942	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$6,174	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$3,278	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$2,995	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$1,466	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$21,855	TotalExcessDistributionCyovAmt
Qualifying Distributions	$2,625	QualifyingDistributionsAmt
Applied To Current Year	$887	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$1,738	RemainingDistriFromCorpusAmt
Total Corpus	$23,593	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$7,942	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$15,651	ExcessDistriCyovToNextYrAmt
Excess From Year4	$6,174	ExcessFromYear4Amt
Excess From Year3	$3,278	ExcessFromYear3Amt
Excess From Year2	$2,995	ExcessFromYear2Amt
Excess From Year1	$1,466	ExcessFromYear1Amt
Excess From Current Year	$1,738	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	LABORERS' LOCAL 91 SCHOLARSHIP PRO	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	4500 WITMER INDUSTRIAL ESTATES	AddressLine1
City	NIAGARA FALLS	City
State	NY	State
ZIP Code	14305	ZIPCode

Field	Value	IRS element (for citing)
Recipient Phone	7162976441	RecipientPhoneNum
Form And Info And Materials	APPLICATION 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 Deadlines	LAST BUSINESS DAY IN MAY 2013	SubmissionDeadlinesTxt
Restrictions On Awards	APPLICANTS MUST BE THE CHILD/GRANDCHILD OF AN ACTIVE OR RETIRED MEMBER OF LABORERS LOCAL UNION NO. 91.	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2
MATTHEW MANNING
3111 SAUNDERS SETTLEMENT	SANBORN	NY	14132	NONE	N/A	SCHOLARSHIP	$325
NICHOLAS MAGGI
8000 CRESTVIEW DRIVE	NIAGARA FALLS	NY	14304	NONE	N/A	SCHOLARSHIP	$325
STEPHANIE NEWMAN
179 MILL ROAD	WEST SENECA	NY	14224	NONE	N/A	SCHOLARSHIP	$650
ANDREA PERRY
7009 DEIDRE COURT	NIAGARA FALLS	NY	14304	NONE	N/A	SCHOLARSHIP	$325
JUSTIN MAYBERRY
10104 CAYUGA DRIVE	NIAGARA FALLS	NY	14304	NONE	NA	SCHOLARSHIP	$1,000	APT 3

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$2,625	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (5 entries)

HECTOR G TITUS
RICHARD PALLADINO
NICHOLAS PERRY SR
RANDY PALLADINO
JOSEPH FALCONE

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
OFFICE EXPENSES	$51

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Description	VOIDED CHECK FROM 2012	Description
Amount	$325	Amount

NINETY ONE SCHOLARSHIP FUND: Form 990PF, tax year 2013

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Recipient US Address RecipientUSAddress

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (5 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

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