THE ALICE ABER SMITH SCHOLARSHIP FUND: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- THE ALICE ABER SMITH SCHOLARSHIP FUND (EIN 39-6628593)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-08-13
- IRS object ID
- 201242269349100314
- Schema version
- 2011v1.2
- 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
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-08-13T10:09:47-07:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Edwards Group CPAs SC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 441 Milwaukee Ave | AddressLine1 |
| City | Burlington | City |
| State | WI | State |
| ZIP Code | 53105 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 396628593 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Alice Aber Smith Scholarship Fund | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ALIC | NameControl |
| Phone | 2627637616 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 441 Milwaukee Ave | AddressLine1 |
| City | Burlington | City |
| State | WI | State |
| ZIP Code | 53105 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Paul B Edwards CPA | Name |
| Title | Trustee | Title |
| Date Signed | 2012-08-13 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Paul B Edwards CPA -SPE | Name |
| Phone | 2627637616 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | 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 | 611760 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 16460 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 16460 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 16460 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | -50480 | NetGainSaleAssetsRevAndExpnss |
| Total Revenue And Expenses | -34020 | TotalRevenueAndExpenses |
| Total Net Investment Income | 16460 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 16460 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 527 | AccountingFeesRevAndExpnss |
| Accounting Fees Dsbrs Chrtbl Prps | 527 | AccountingFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 7065 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 3532 | OtherProfFeesNetInvstIncm |
| Other Prof Fees Dsbrs Chrtbl Prps | 3533 | OtherProfFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 515 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 63 | TaxesNetInvstIncm |
| Taxes Dsbrs Chrtbl Prps | 452 | TaxesDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 51 | OtherExpensesRevAndExpnss |
| Other Expenses Dsbrs Chrtbl Prps | 51 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 8158 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 3595 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 4563 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 63000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 63000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 71158 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 3595 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 67563 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -105178 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 12865 | NetInvestmentIncome |
| Adjusted Net Income | 16460 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 437388 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 428509 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 428509 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 264819 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 198520 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 183251 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 702207 | TotalAssetsBOY |
| Total Assets EOY | 627029 | TotalAssetsEOY |
| Total Assets EOYFMV | 611760 | TotalAssetsEOYFMV |
| Other Liabilities EOY | 30000 | OtherLiabilitiesEOY |
| Total Liabilities EOY | 30000 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Permanently Restricted BOY | 702207 | PermanentlyRestrictedBOY |
| Permanently Restricted EOY | 597029 | PermanentlyRestrictedEOY |
| Total Net Assets BOY | 702207 | TotalNetAssetsBOY |
| Total Net Assets EOY | 597029 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 702207 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 627029 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 702207 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -105178 | ExcessOfRevenueOverExpenses |
| Subtotal | 597029 | Subtotal |
| Total Net Assets Fund Balances EOY | 597029 | TotalNetAssetsFundBalancesEOY |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 257 | InvestmentIncomeExciseTax |
| Subtotal | 257 | Subtotal |
| Tax Based On Investment Income | 257 | TaxBasedOnInvestmentIncome |
| Tax Due | 257 | 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 |
| Form990 T Filed | false | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | false | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | WI | StatesFiledWith |
| Form990 PF Filed With AG | true | 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 |
| Website Address | N/A | WebsiteAddress |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Paul B Edwards CPA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 2627637616 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 441 Milwaukee Ave | AddressLine1 |
| City | Burlington | City |
| State | WI | State |
| ZIP Code | 53105 | 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 |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| Business Holdings | false | BusinessHoldings |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| 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 |
| Tr Fail To Qualify As Exceptions | false | TrFailToQualifyAsExceptions |
| Maint Expend Responsibility | false | MaintExpendResponsibility |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | false | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| Rev Markus Wegenast | ||||||
| 455 S Jefferson St | Waterford | WI | 53185 | Foundation Mgr. | 0.00 | 0 |
| Paul B Edwards CPA | ||||||
| 441 Milwaukee Ave | Burlington | WI | 53105 | Trustee | 0.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 634438 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 634438 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 634438 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 9517 | CashDeemedCharitable |
| Net Noncharitable Assets | 624921 | NetNoncharitableAssets |
| Minimum Investment Return | 31246 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 31246 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 257 | TaxBasedOnInvestmentIncome |
| Total Tax | 257 | TotalTax |
| Distributable Amount Before Adj | 30989 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 30989 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 30989 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 67563 | ExpensesAndContributions |
| Qualifying Distributions | 67563 | QualifyingDistributions |
| Adj Qualifying Distributions | 67563 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 30989 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 33396 | UndistributedIncomePriorYear |
| Qualifying Distributions | 67563 | QualifyingDistributions |
| Applied To Year1 | 33396 | AppliedToYear1 |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 30989 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 3178 | RemainingDistriFromCorpus |
| Total Corpus | 3178 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 3178 | ExcessDistriCyovToNextYear |
| Excess From Current Year | 3178 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | Rev Markus Wegenast | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 455 S Jefferson St | AddressLine1 |
| City | Waterford | City |
| State | WI | State |
| ZIP Code | 53185 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 2627637616 | RecipientPhoneNumber |
| Form And Info And Materials | Applications for submission can be obtained from any high school located in Racine County west of Interstate Highway 94. | FormAndInfoAndMaterials |
| Submission Deadlines | June 15th | SubmissionDeadlines |
| Restrictions On Awards | The recipient must be a senior student from one of the participating schools and then attend a college or university that is affiliated with, or governed by, a Christian religious organization whose tenet is that Jesus Christ is the Son of God and teaches accordingly. | RestrictionsOnAwards |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (11 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| Marquette University | |||||||
| 1250 W Wisconsin Ave | Milwaukee | WI | 53233 | None | N/A | Various | $6,000 |
| Viterbo College | |||||||
| 900 Viterbo Dr | La Crosse | WI | 54601 | None | N/A | Various | $3,000 |
| Carthage College | |||||||
| 2001 Alford Park Dr | Kenosha | WI | 53140 | None | N/A | Various | $6,000 |
| Marantha Baptist Bible College | |||||||
| 745 W Main St | Watertown | WI | 53094 | None | N/A | Various | $12,000 |
| St Norbert College | |||||||
| 100 Grant St | De Pere | WI | 54115 | None | N/A | Various | $3,000 |
| DePaul University | |||||||
| 1 E Jackson | Chicago | IL | 60604 | None | N/A | Various | $6,000 |
| Edgewood College | |||||||
| 1000 Edgewood College Dr | Madison | WI | 53711 | None | N/A | Various | $6,000 |
| Gustavus Adolphus College | |||||||
| 800 W College Ave | St Peter | MN | 56082 | None | N/A | Various | $3,000 |
| Cardinal Stritch University | |||||||
| 6801 N Yates Rd | Milwaukee | WI | 53217 | None | N/A | Various | $6,000 |
| Northwestern College | |||||||
| 633 Clark St | Evanston | IL | 60208 | None | N/A | Various | $6,000 |
| Pensacola Christian College | |||||||
| 250 Brent Lane | Pensacola | FL | 32523 | None | N/A | Various | $6,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 63000 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $16,460 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | -$50,480 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | -$34,020 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | -34020 | TotalPartXVIA |
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 | Accounting Fees | Category |
| Amount | $527 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 527 | DisbursementsCharitablePrps |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Miscellaneous | Description |
| Revenue And Expenses Per Books | 51 | RevenueAndExpensesPerBooks |
| Disbursements Charitable Prps | 51 | DisbursementsCharitablePrps |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Scholarships Awarded - Undistributed | Description |
| EOY Book Value | 30000 | EOYBookValue |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Trustee Fees | Category |
| Amount | $7,065 | Amount |
| Net Investment Income | 3532 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 3533 | DisbursementsCharitablePrps |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| Foreign Taxes Paid | $63 | 63 | |
| Federal Taxes Paid | $452 | 452 |
Comments