KENNETH O NELSON AND JANET C NELSON SCHOLARSHIP FUND TR UAD 5-23-06: Form 990PF, tax year 2012
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
- 2012-01-01 to 2012-12-31
- Filed
- 2013-09-16
- IRS object ID
- 201312599349100706
- Schema version
- 2012v2.2
- 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
- Accounting Fees Schedule
- Expln Of Non Filing With AG Stmt
- Gain Loss Sale Other Assets Sch
- General Explanation Attachment
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-09-16T11:44:46-00:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Donald J Cammus EA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 580 East 6th Street | AddressLine1 |
| City | Florence | City |
| State | NJ | State |
| ZIP Code | 08518 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 276409783 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kenneth O and Janet C Nelson Scholarship Fund Trust UAD 05232008 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | KENN | NameControl |
| Phone | 6094992074 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 91 Ridgway Drive | AddressLine1 |
| City | Bordentown | City |
| State | NJ | State |
| ZIP Code | 08505 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Roy Plummer | Name |
| Title | Trustee | Title |
| Phone | 6094992074 | Phone |
| Date Signed | 2013-09-16 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Donald J Cammus EA | Name |
| Phone | 6094999126 | Phone |
| Date Prepared | 2013-09-16 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 1382946 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Interest On Savings Rev And Expnss | 4194 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 4194 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 46941 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 46941 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | -4669 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 64104 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 0 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 46466 | TotalRevenueAndExpenses |
| Total Net Investment Income | 51135 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 20000 | CompOfcrDirTrstRevAndExpnss |
| Accounting Fees Rev And Expnss | 550 | AccountingFeesRevAndExpnss |
| Trav Conf Meeting Rev And Expnss | 289 | TravConfMeetingRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 20839 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 22436 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 22436 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 43275 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 22436 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 3191 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 51135 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investments Corp Stock BOY | 1293442 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 1382946 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 1382946 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 1293442 | TotalAssetsBOY |
| Total Assets EOY | 1382946 | TotalAssetsEOY |
| Total Assets EOYFMV | 1382946 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Temporarily Restricted BOY | 1293442 | TemporarilyRestrictedBOY |
| Temporarily Restricted EOY | 1382946 | TemporarilyRestrictedEOY |
| Total Net Assets BOY | 1293442 | TotalNetAssetsBOY |
| Total Net Assets EOY | 1382946 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 1293442 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 1382946 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 1293442 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 3191 | ExcessOfRevenueOverExpenses |
| Other Increases | 86313 | OtherIncreases |
| Subtotal | 1382946 | Subtotal |
| Total Net Assets Fund Balances EOY | 1382946 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (5 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Date AcquiredDateAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|---|---|---|---|
| Duke Energy Fractions | D | 2012-07-23 | 2012-07-03 | 19 | 19 | ||
| 1000 RR Donnelly | P | 2011-03-14 | 2012-07-03 | 11579 | 18728 | -7149 | -7149 |
| Duke Energy Fractions | D | 2011-07-01 | 2012-07-03 | 28 | 17 | 11 | 11 |
| Excelon Fractions | D | 2011-07-01 | 2012-07-03 | 16 | 9 | 7 | 7 |
| 50000 Ford Motor Notes | P | 2011-11-07 | 2012-11-20 | 50000 | 50000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -4669 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | -1134 | QualifyingDistributionsYear1 |
| One Percent Net Investment Income | 511 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 511 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 22436 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 511 | InvestmentIncomeExciseTax |
| Subtotal | 511 | Subtotal |
| Tax Based On Investment Income | 511 | TaxBasedOnInvestmentIncome |
| Penalty For Underpayment | 9 | PenaltyForUnderpayment |
| Tax Due | 520 | TaxDue |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | NJ | StatesFiledWith |
| Form990 PF Filed With AG | false | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Books In Care Of Person Name | Roy Plummer | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 6094992074 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 91 Ridgway Drive | AddressLine1 |
| City | Bordentown | City |
| State | NJ | State |
| ZIP Code | 08505 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | Roy Plummer | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 91 Ridgway Drive | AddressLine1 |
| City | Bordentown | City |
| State | NJ | State |
| ZIP Code | 08505 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Trustee | Title |
| Avg Hours Per Wk Devoted To Position | 010.00 | AvgHoursPerWkDevotedToPosition |
| Compensation | 20000 | Compensation |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | In 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. | Description1 |
| Expenses1 | 0 | Expenses1 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | The 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. | Description1 |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Based On Investment Income | 511 | TaxBasedOnInvestmentIncome |
| Total Tax | 511 | TotalTax |
| Distributable Amount Before Adj | 511 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 511 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | -511 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 22436 | ExpensesAndContributions |
| Qualifying Distributions | 22436 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 511 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 21925 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | -511 | DistributableAmountAsAdjusted |
| Qualifying Distributions | 22436 | QualifyingDistributions |
| Remaining Distri From Corpus | 22436 | RemainingDistriFromCorpus |
| Total Corpus | 22436 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 22436 | ExcessDistriCyovToNextYear |
| Excess From Current Year | 22436 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | Rick McDonald | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 950 Main Street | AddressLine1 |
| City | Worcester | City |
| State | MA | State |
| ZIP Code | 01610 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 7744378511 | RecipientPhoneNumber |
| Form And Info And Materials | Clark University Planned Giving Scholarship Application | FormAndInfoAndMaterials |
| Submission Deadlines | On or by May 1 | SubmissionDeadlines |
| Restrictions On Awards | Receipient will be enrolled in Clark University | RestrictionsOnAwards |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLARK UNIVERSITY | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 950 W MAIN ST | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01610 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | TRUST BENEFICIARY | RecipientRelationship |
| Recipient Foundation Status | 501c3 EDUCATION | RecipientFoundationStatus |
| Purpose Of Grant Or Contribution | SCHOLARSHIPS | PurposeOfGrantOrContribution |
| Amount | $22,436 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 22436 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 4194 | RelatedOrExemptFunctionIncome |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 46941 | RelatedOrExemptFunctionIncome |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | -4669 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 46466 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 46466 | TotalPartXVIA |
Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps
Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps (3 entries)
| Line NumberLineNumber | Relationship StatementRelationshipStatement |
|---|---|
| 7 | Dividends interest provide and sustainabilty to the Foundations scholarship granting purpose |
| 8 | Gains on investment assets provide sustainabilty to the Foundations scholarship granting purpose |
| 11 | Non-recurring additions to corpus provide sustainability of the Foundations scholarship granting purpose |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Leonard B Coleman | Category |
| Amount | $550 | Amount |
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Statement | The 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. | Statement |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAsset (5 entries)
| NameName | Date AcquiredDateAcquired | How AcquiredHowAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | BasisBasis | Total NetTotalNet |
|---|---|---|---|---|---|---|
| Duke Energy Fractions | 2012-07 | D | 2012-07 | 19 | 19 | |
| 1000 RR Donnelly | 2011-03 | P | 2012-07 | 11579 | 18728 | -7149 |
| Duke Energy Fractions | 2011-07 | D | 2012-07 | 28 | 17 | 11 |
| Excelon Fractions | 2011-07 | D | 2012-07 | 16 | 9 | 7 |
| 50000 Ford Motor Notes | 2011-11 | P | 2012-11 | 50000 | 50000 |
General Explanation Attachment GeneralExplanationAttachment
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Stock | 1 shares of Wells Fargo Advisors | NameOfStock |
| EOY Book Value | 1382946 | EOYBookValue |
| EOYFMV | 1382946 | EOYFMV |
Legal Fees Schedule LegalFeesSchedule
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Mark up assets to FMV of investment portfolio | Description |
| Amount | $86,313 | Amount |
Comments