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SYLK CHARITABLE TRUST: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
SYLK CHARITABLE TRUST (EIN 23-7809130)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-01
IRS object ID
202311219349103106
Schema version
2022v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-01T10:02:13-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN233083411PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LIEBERMAN AND COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line125 W SKIPPACK PIKEAddressLine1Txt
CityAMBLERCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19002ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237809130EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SYLK CHARITABLE TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSYLKBusinessNameControlTxt
Phone6107471111PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 N HIGHLAND AVENUEAddressLine1Txt
CityMERION STATIONCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19066ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLEONARD A SYLKPersonNm
Person TitleFoundation ManagerPersonTitleTxt
Signature2023-04-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLEONARD APersonFirstNm
Person LastSYLKPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEROME CLIEBERMANPreparerPersonNm
PTINP00076419PTIN
Phone2156284100PhoneNum
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$184,434FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$25,233ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$3,138DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,138DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,138DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$35,392NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$36,395GrossSalesPriceAmt
Total Rev And Expnss-$7,021TotalRevAndExpnssAmt
Total Net Invst Incm$3,138TotalNetInvstIncmAmt
Total Adj Net Incm$3,138TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,657AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$857AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$800AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$32TaxesRevAndExpnssAmt
Taxes Net Invst Incm$32TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$84OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$42OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$42OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,773TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$931TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$842TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$61,825ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$61,825ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$63,598TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$931TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$62,667TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$70,619ExcessRevenueOverExpensesAmt
Net Investment Income$2,207NetInvestmentIncomeAmt
Adjusted Net Income$3,138AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$62,448SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$38,383SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$38,383SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$293,698CorporateStockBOYAmt
Corporate Stock EOY$247,144CorporateStockEOYAmt
Corporate Stock EOYFMV$146,046CorporateStockEOYFMVAmt
Corporate Bonds BOY$2,564CorporateBondsBOYAmt
Corporate Bonds EOY$2,564CorporateBondsEOYAmt
Corporate Bonds EOYFMV$5CorporateBondsEOYFMVAmt
Total Assets BOY$358,710TotalAssetsBOYAmt
Total Assets EOY$288,091TotalAssetsEOYAmt
Total Assets EOYFMV$184,434TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$358,710RetainedEarningBOYAmt
Retained Earning EOY$288,091RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$358,710TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$288,091TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$358,710TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$288,091TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$358,710TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$70,619ExcessRevenueOverExpensesAmt
Subtotal$288,091SubtotalAmt
Tot Net Ast Or Fund Balances EOY$288,091TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
250 APPLE INCP2019-04-092022-12-08$35,170$27,947$7,223$7,223
456 PHARMACYTE BIOTECHP2019-12-122022-12-08$1,225$43,840-$42,615-$42,615
FieldValueIRS element (for citing)
Capital Gain Net Income-$35,392CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$31InvestmentIncomeExciseTaxAmt
Subtotal$31SubtotalAmt
Tax Based On Investment Income$31TaxBasedOnInvestmentIncomeAmt
Tax Due$31TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1LEONARD A SYLKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6107471111PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1350 N HIGHLAND AVENUEAddressLine1Txt
CityMERION STATIONCityNm
State AbbreviationPAStateAbbreviationCd
ZIP190661708ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonLEONARD A SYLKPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 N HIIGHLAND AVENUEAddressLine1Txt
CityMERION STATIONCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19066ZIPCd
FieldValueIRS element (for citing)
TitleFoundation Mgr.TitleTxt
Average Hrs Per Wk Devoted To Pos3.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$184,652AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$50,416AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$235,068TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$235,068AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,526CashDeemedCharitableAmt
Net Vl Noncharitable Assets$231,542NetVlNoncharitableAssetsAmt
Minimum Investment Return$11,577MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$11,577MinimumInvestmentReturnAmt
Tax Based On Investment Income$31TaxBasedOnInvestmentIncomeAmt
Total Tax$31TotalTaxAmt
Distributable Before Adj$11,546DistributableBeforeAdjAmt
Distributable Before Ded$11,546DistributableBeforeDedAmt
Distributable As Adjusted$11,546DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$62,667ExpensesAndContributionsAmt
Qualifying Distributions$62,667QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$11,546DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$106,627ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$101,253ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$113,879ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$29,548ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$46,358ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$397,665TotalExcessDistributionCyovAmt
Qualifying Distributions$62,667QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$11,546AppliedToCurrentYearAmt
Remaining Distri From Corpus$51,121RemainingDistriFromCorpusAmt
Total Corpus$448,786TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$106,627ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$342,159ExcessDistriCyovToNextYrAmt
Excess From Year4$101,253ExcessFromYear4Amt
Excess From Year3$113,879ExcessFromYear3Amt
Excess From Year2$29,548ExcessFromYear2Amt
Excess From Year1$46,358ExcessFromYear1Amt
Excess From Current Year$51,121ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
HAR ZION TEMPLE
1500 HAGYS FORD RDPENN VALLEYPA19072RELIGIOUS$3,625
LYCOMING COLLEGE
700 COOLEGE PLACEWILLIAMSPORTPA17701EDUCATIONAL$47,500
MISSION KIDS
42 E 69TH STREETNEW YORKNY10021RELIGIOUS$500
NARBERTH FIRE DEPT
183 COUNTY ROAD 56CAMPBELL HALLNY10916CHARITABLE$300
CHILDRENS CRISIS TREATMENT CTR
1080 N DELAWARE AVEPHILADELPHIAPA19125CHARITABLE$5,000
PHILA MUSEUM OF ART
BOX 1266NEW YORKNY11930EDUCATIONAL$600
PHILA ORCHESTRA
123 WILLIAM STNEW YORKNY10038CIVIC$3,000
UNION FIRE ASSOC
301 N BROAD STPHILADELPHIAPA19107EDUCATIONAL$300
DO-GOODERS
2301 CHERRY STREETPHILADELPHIAPA19103CIVIC$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$61,825TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,138ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$35,392RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,138ExclusionAmt
Related Or Exempt Function Incm-$35,392RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$32,254TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonBARBARA SYLKContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1350 N HIGHLAND AVEAddressLine1Txt
CityMERION STATIONCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19066ZIPCd
FieldValueIRS element (for citing)
Total Contributions$25,233TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property80 SHARES OF MICROSOFTNoncashPropertyDesc
Fair Market Value$25,233FairMarketValueAmt
Received2022-03-29ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryLIEBERMAN AND COMPANYCategoryTxt
Amt$1,657Amt
Net Investment Income$857NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$800DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK CHARGESDesc
Revenue And Expenses Per Books$84RevenueAndExpensesPerBooksAmt
Net Investment Income$42NetInvestmentIncomeAmt
Disbursements Charitable Prps$42DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAX ON INVESTMENT INCOMECategoryTxt
Amt$32Amt
Net Investment Income$32NetInvestmentIncomeAmt