NINETY ONE SCHOLARSHIP FUND: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: NINETY ONE SCHOLARSHIP FUND (EIN 20-0508968)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-05-11
IRS object ID: 201121319349101422
Schema version: 2010v3.2
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
Compensation Explanation
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-05-11T15:20:36-05:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

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

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	424 MAIN ST RM 1806	AddressLine1
City	BUFFALO	City
State	NY	State
ZIP Code	14202	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	200508968	EIN

Name Name

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

Field	Value	IRS element (for citing)
Name Control	NINE	NameControl
Phone	7168856398	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2556 SENECA AVENUE	AddressLine1
City	NIAGARA FALLS	City
State	NY	State
ZIP Code	14305	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	HECTOR TITUS	Name
Title	TRUSTEE	Title
Phone	7168856398	Phone
Date Signed	2011-04-28	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DAVID ARCARA	Name
Phone	7168526681	Phone
Date Prepared	2011-05-04	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	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	14554	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
Total Revenue And Expenses	0	TotalRevenueAndExpenses
Total Net Investment Income	0	TotalNetInvestmentIncome
Accounting Fees Rev And Expnss	500	AccountingFeesRevAndExpnss
Taxes Rev And Expnss	25	TaxesRevAndExpnss
Other Expenses Rev And Expnss	27	OtherExpensesRevAndExpnss
Tot Opr Expenses Rev And Expnss	552	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	4075	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	4075	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	4627	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	4075	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-4627	ExcessOfRevenueOverExpenses
Net Investment Income	0	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	19181	CashBOY
Cash EOY	14554	CashEOY
Cash EOYFMV	14554	CashEOYFMV
Total Assets BOY	19181	TotalAssetsBOY
Total Assets EOY	14554	TotalAssetsEOY
Total Assets EOYFMV	14554	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Unrestricted BOY	19181	UnrestrictedBOY
Unrestricted EOY	14554	UnrestrictedEOY
Total Net Assets BOY	19181	TotalNetAssetsBOY
Total Net Assets EOY	14554	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	19181	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	14554	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	19181	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-4627	ExcessOfRevenueOverExpenses
Subtotal	14554	Subtotal
Total Net Assets Fund Balances EOY	14554	TotalNetAssetsFundBalancesEOY

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	0	InvestmentIncomeExciseTax
Amount Credited To Next Year	0	AmountCreditedToNextYear

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
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	NY	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 Person Name	HECTOR G TITUS	BooksInCareOfPersonName
Books In Care Of Phone Number	7168856398	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	707 AUBURN AVENUE	AddressLine1
Address Line2	707 AUBURN AVENUE	AddressLine2
City	BUFFALO	City
State	NY	State
ZIP Code	14222	ZIPCode

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	true	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Tr Fail To Qualify As Exceptions	false	TrFailToQualifyAsExceptions
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
HECTOR G TITUS
707 AUBURN AVENUE	BUFFALO	NY	14222	TRUSTEE	2.00	0	0	0
RICHARD PALLADINO
2556 SENECA AVENUE	NIAGARA FALLS	NY	14305	TRUSTEE	1.00	0	0	0
NICHOLAS PERRY SR
2556 SENECA AVENUE	NIAGARA FALLS	NY	14305	TRUSTEE	1.00	0	0	0
JOSEPH FALCONE
2556 SENECA AVENUE	NIAGARA FALLS	NY	14305	TRUSTEE	1.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

Field	Value	IRS element (for citing)
Description1	GRANT SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS PURSUING POST-SECONDARY EDUCATION AT TWO AND FOUR YEAR INSTITUTIONS.	Description1
Expenses1	4075	Expenses1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

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

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	16185	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	0	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	16185	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	16185	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	243	CashDeemedCharitable
Net Noncharitable Assets	15942	NetNoncharitableAssets
Minimum Investment Return	797	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	797	MinimumInvestmentReturn
Distributable Amount Before Adj	797	DistributableAmountBeforeAdj
Distributable Amount Before Ded	797	DistributableAmountBeforeDed
Distributable Amount As Adjusted	797	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	4075	ExpensesAndContributions
Qualifying Distributions	4075	QualifyingDistributions
Adj Qualifying Distributions	4075	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	797	DistributableAmountAsAdjusted
Excess Distri Carryover Year5	4503	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	6820	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	7194	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	7942	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	6174	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	32633	TotalExcessDistriCarryover
Qualifying Distributions	4075	QualifyingDistributions
Applied To Current Year	797	AppliedToCurrentYear
Remaining Distri From Corpus	3278	RemainingDistriFromCorpus
Total Corpus	35911	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov From Year5	4503	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	31408	ExcessDistriCyovToNextYear
Excess From Year4	6820	ExcessFromYear4
Excess From Year3	7194	ExcessFromYear3
Excess From Year2	7942	ExcessFromYear2
Excess From Year1	6174	ExcessFromYear1
Excess From Current Year	3278	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Appication Submission Info AppicationSubmissionInfo

Field	Value	IRS element (for citing)
Recipient Name	LABORERS' LOCAL 91 SCHOLARSHIP PRO	RecipientName

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	2556 SENECA AVE	AddressLine1
City	NIAGARA FALLS	City
State	NY	State
ZIP Code	14305	ZIPCode

Field	Value	IRS element (for citing)
Recipient Phone Number	7162976441	RecipientPhoneNumber
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).	FormAndInfoAndMaterials
Submission Deadlines	LAST BUSINESS DAY OF MAY 2010.	SubmissionDeadlines
Restrictions On Awards	APPLICANTS MUST BE THE CHILD/GRANDCHILD OF AN ACTIVE OR RETIRED MEMBER OF LABORERS LOCAL UNION NO. 91.	RestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (9 entries)

Address Line1RecipientUSAddress/AddressLine1	Address Line2RecipientUSAddress/AddressLine2	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
TERRY E MANNING
576 78TH STREET	576 78TH STREET	NIAGARA FALLS	NY	14304	NONE	N/A	SCHOLARSHIP	$325
CODY E MANNING
6202 EDGEWOOD DRIVE	6202 EDGEWOOD DRIVE	NIAGARA FALLS	NY	14304	NONE	N/A	SCHOLARSHIP	$650
ERIN E MANNING
6202 EDGEWOOD DRIVE	6202 EDGEWOOD DRIVE	NIAGARA FALLS	NY	14304	NONE	N/A	SCHOLARSHIP	$650
JONATHAN R GREEN
2457 WASHINGTON STREET	2457 WASHINGTON STREET	NIAGARA FALLS	NY	14304	NONE	N/A	SCHOLARSHIP	$325
NICHOLAS A MAGGI
8000 CRESTVIEW DRIVE	8000 CRESTVIEW DRIVE	NIAGARA FALLS	NY	14304	NONE	N/A	SCHOLARSHIP	$650
KATHERINE A WOLCOTT
4311 PLANK ROAD	4311 PLANK ROAD	LOCKPORT	NY	14094	NONE	N/A	SCHOLARSHIP	$325
JULIA L DRABCZYK
2243 WOODLAWN AVE	2243 WOODLAWN AVE	NIAGARA FALLS	NY	14301	NONE	N/A	SCHOLARSHIP	$325
JOSEPH T KEEFE
1229 N RUTLEDGE PLACE	1229 N RUTLEDGE PLACE	MERIDIAN	ID	83642	NONE	N/A	SCHOLARSHIP	$325
SANTINO ZITO
2793 DRIFTWOOD DRIVE	2793 DRIFTWOOD DRIVE	NIAGARA FALLS	NY	14304	NONE	N/A	SCHOLARSHIP	$500

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	4075	TotGrantOrContriPaidDuringYear

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	ARCARA AND BORCZYNSKI, LLP	Category
Amount	$500	Amount

Compensation Explanation CompensationExplanation

Compensation Compensation (4 entries)

HECTOR G TITUS
RICHARD PALLADINO
NICHOLAS PERRY SR
JOSEPH FALCONE

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks
EXPENSES
NIAGARA GAZETTE	24
BANK FEES	3

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	NYS TAXES (CHAR500)	Category
Amount	$25	Amount

Comments