KENNETH O NELSON AND JANET C NELSON SCHOLARSHIP FUND TR UAD 5-23-06: Form 990PF, tax year 2024
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
- 2024-01-01 to 2024-12-31
- Filed
- 2026-03-05
- IRS object ID
- 202630649349100903
- Schema version
- 2024v5.2
- 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
- General Explanation Attachment
- Investments Corp Stock Schedule
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Reasonable Cause Explanation
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-03-05T11:56:38-00:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 204072008 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Donald J Cammus EA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 580 East 6th Street | AddressLine1Txt |
| City | Florence | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08518 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 276409783 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kenneth O and Janet C Nelson Scholarship Fund Trust UAD 05232008 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Roy Plummer | InCareOfNm |
| Business Name Control | KENN | BusinessNameControlTxt |
| Phone | 6094992074 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 91 Ridgway Drive | AddressLine1Txt |
| City | Bordentown | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08505 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Roy Plummer | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Phone | 6094992074 | PhoneNum |
| Signature | 2026-03-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Donald J Cammus | PreparerPersonNm |
| PTIN | P00397499 | PTIN |
| Phone | 6099541787 | PhoneNum |
| Preparation | 2026-03-05 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,796,867 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Interest On Sav Rev And Expnss | $181 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $181 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $51,510 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $51,510 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $21,426 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $133,935 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $21,426 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $73,117 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $73,117 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $30,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $15,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $15,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $600 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $600 | AccountingFeesNetInvstIncmAmt |
| Other Prof Fees Rev And Expnss | $44,876 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $25,257 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $19,619 | OtherProfFeesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $75,476 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $40,857 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $34,619 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $54,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $54,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $129,476 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $40,857 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $88,619 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$56,359 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $32,260 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Corporate Stock BOY | $1,836,305 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,796,867 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,796,867 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $1,836,305 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,796,867 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,796,867 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| Donor Rstr Net Assets BOY | $1,836,305 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $1,796,867 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,836,305 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,796,867 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,836,305 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,796,867 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,836,305 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$56,359 | ExcessRevenueOverExpensesAmt |
| Other Increases | $16,921 | OtherIncreasesAmt |
| Subtotal | $1,796,867 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,796,867 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | RBC Capital Markets LLC Aggregate | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2009-03-22 | AcquiredDt |
| Sold | 2024-05-21 | SoldDt |
| Gross Sales Price | $133,935 | GrossSalesPriceAmt |
| Cost Or Other Basis | $112,509 | CostOrOtherBasisAmt |
| Gain Or Loss | $21,426 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $21,426 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $21,426 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $448 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $448 | SubtotalAmt |
| Tax Based On Investment Income | $448 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $189 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $189 | TotalPaymentsAndCreditsAmt |
| Original Return Overpayment | -$189 | OriginalReturnOverpaymentAmt |
| Tax Due | $259 | TaxDueAmt |
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 | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NJ | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | false | 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 |
| Individual With Books | Roy Plummer | IndividualWithBooksNm |
| Phone | 6094992074 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 91 Ridgway Drive | AddressLine1Txt |
| City | Bordentown | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08505 | ZIPCd |
| 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 | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Roy Plummer | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 91 Ridgway Drive | AddressLine1Txt |
| City | Bordentown | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08505 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Trustee | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 010.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $30,000 | CompensationAmt |
| 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 | In accordance with its seminal 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 | $50,000 | Expenses1Amt |
| Description2 | Sponsorship of the Bordentown Township Senior Citizens Club in support of the formation of the Stephen Benowitz Scholarship Fund | Description2Txt |
| Expenses2 | $2,000 | Expenses2Amt |
| Description3 | Sponsorship of the Military Officers Association of America Joint Base McQuire, Dix, Lakehurst in support of its Scholarship Fund | Description3Txt |
| Expenses3 | $2,000 | Expenses3Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | The foundation retains and reinvests its annual net investment income and undistributed amounts for purposes of maintaining maintaining its assets to further scholarship making abd support purposes. | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,816,586 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,816,586 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $1,816,586 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $27,249 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,789,337 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $89,467 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $89,467 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $448 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $448 | TotalTaxAmt |
| Distributable Before Adj | $89,019 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $89,019 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $89,019 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $88,619 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $88,619 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $89,019 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $88,619 | UndistributedIncomePYAmt |
| Qualifying Distributions | $88,619 | QualifyingDistributionsAmt |
| Applied To Year1 | $88,619 | AppliedToYear1Amt |
| Undistributed Income CY | $89,019 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Mary Richardson | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 950 Main Street | AddressLine1Txt |
| City | Worcester | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01610 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7744378511 | RecipientPhoneNum |
| Form And Info And Materials | Clark University Planned Giving Scholarship Application | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | On or by May 1 | SubmissionDeadlinesTxt |
| Restrictions On Awards | Scholarship recipient will be enrolled in Clark University | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Clark University | |||||||
| 450 Main Street | Worcester | MA | 01610 | Recipient | I | Scholarship | $50,000 |
| Bordentown Senior Citizens Club | |||||||
| 11 Amboy Road | Bordentown | NJ | 08505 | Recipient | I | Scholarship | $2,000 |
| Military Officers of America NJ Lak | |||||||
| PO Box 606 | Wrightstown | NJ | 085620606 | Recipient | I | Scholarship | $2,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $54,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $51,691 | UnrelatedBusinessTaxblIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $21,426 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $73,117 | UnrelatedBusinessTaxblIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $73,117 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 4 | Dividends interest provide sustainabilty to the Foundations scholarship purpose |
| 8 | Gains on investment assets provide sustainabilty to the Foundations scholarship purpose |
| 11 | Reinvestment of net revenue in excess of expenditures provide sustainability to the Foundations scholarship purpose |
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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Donald J Cammus EA | CategoryTxt |
| Amt | $600 | Amt |
| Net Investment Income | $600 | NetInvestmentIncomeAmt |
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | 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. | ExplanationTxt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Amended Return by reason that expenses apllicable to income distribution activites not accounted for | FormAndLineReferenceDesc |
| Medium Explanation | Amended Return by reason that expenses apllicable to income distribution activites not accounted for. Additional 2024 tax due on investment income based on recomputed 448 due based on this amendment less 189 tax paid with original 2024 return. | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | 1 shares of RBC Capital Markets | StockNm |
| EOY Book Value | $1,796,867 | EOYBookValueAmt |
| EOYFMV | $1,796,867 | EOYFMVAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Mark to Market Value Unrealized Gains | Desc |
| Amt | $16,921 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | RBC Capital Management Fees | CategoryTxt |
| Amt | $44,876 | Amt |
| Net Investment Income | $25,257 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $19,619 | DisbursementsCharitablePrpsAmt |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | 2024 Form 990PF is amended by reason that original return did not include investment fees attributable to the charitable purpose of awarding scholarships. Accordingly, 2023 Undistributed Income was offset by the fees paid. Additional 2024 tax on inet investment income, 30.00 paid via EFTPS. | ExplanationTxt |
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