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SYLK CHARITABLE TRUST: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
SYLK CHARITABLE TRUST (EIN 23-7809130)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-02
IRS object ID
202211229349101071
Schema version
2021v4.0
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)
Return2022-05-02T10:50:59-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-04-28SignatureDt
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

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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$285,701FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$27,699ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$3,248DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,248DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,248DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$3,511NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$44,622GrossSalesPriceAmt
Total Rev And Expnss$27,436TotalRevAndExpnssAmt
Total Net Invst Incm$3,248TotalNetInvstIncmAmt
Total Adj Net Incm$3,248TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,600AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$800AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$800AccountingFeesChrtblPrpsAmt
Interest Rev And Expnss$49InterestRevAndExpnssAmt
Interest Net Invst Incm$49InterestNetInvstIncmAmt
Taxes Rev And Expnss$28TaxesRevAndExpnssAmt
Taxes Net Invst Incm$28TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$99OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$57OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$42OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,776TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$934TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$842TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$59,400ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$59,400ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$61,176TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$934TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$60,242TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$33,740ExcessRevenueOverExpensesAmt
Net Investment Income$2,314NetInvestmentIncomeAmt
Adjusted Net Income$3,248AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$754SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$62,448SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$62,448SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$389,132CorporateStockBOYAmt
Corporate Stock EOY$293,698CorporateStockEOYAmt
Corporate Stock EOYFMV$223,250CorporateStockEOYFMVAmt
Corporate Bonds BOY$2,564CorporateBondsBOYAmt
Corporate Bonds EOY$2,564CorporateBondsEOYAmt
Corporate Bonds EOYFMV$3CorporateBondsEOYFMVAmt
Total Assets BOY$392,450TotalAssetsBOYAmt
Total Assets EOY$358,710TotalAssetsEOYAmt
Total Assets EOYFMV$285,701TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$392,450RetainedEarningBOYAmt
Retained Earning EOY$358,710RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$392,450TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$358,710TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$392,450TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$358,710TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$392,450TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$33,740ExcessRevenueOverExpensesAmt
Subtotal$358,710SubtotalAmt
Tot Net Ast Or Fund Balances EOY$358,710TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
250 APPLE INCP2019-04-092021-04-05$30,864$27,947$2,917$2,917
1400 MFA FNLP2019-08-142021-06-21$6,471$10,163-$3,692-$3,692
700 NEW RESDTL INV CORPP2019-08-142021-06-21$7,287$10,023-$2,736-$2,736
FieldValueIRS element (for citing)
Capital Gain Net Income-$3,511CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$32InvestmentIncomeExciseTaxAmt
Subtotal$32SubtotalAmt
Tax Based On Investment Income$32TaxBasedOnInvestmentIncomeAmt
Tax Due$32TaxDueAmt
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$250,956AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$31,601AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$282,557TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$282,557AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,238CashDeemedCharitableAmt
Net Vl Noncharitable Assets$278,319NetVlNoncharitableAssetsAmt
Minimum Investment Return$13,916MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$13,916MinimumInvestmentReturnAmt
Tax Based On Investment Income$32TaxBasedOnInvestmentIncomeAmt
Total Tax$32TotalTaxAmt
Distributable Before Adj$13,884DistributableBeforeAdjAmt
Distributable Before Ded$13,884DistributableBeforeDedAmt
Distributable As Adjusted$13,884DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$60,242ExpensesAndContributionsAmt
Qualifying Distributions$60,242QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$13,884DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$93,901ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$106,627ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$101,253ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$113,879ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$29,548ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$445,208TotalExcessDistributionCyovAmt
Qualifying Distributions$60,242QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$13,884AppliedToCurrentYearAmt
Remaining Distri From Corpus$46,358RemainingDistriFromCorpusAmt
Total Corpus$491,566TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$93,901ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$397,665ExcessDistriCyovToNextYrAmt
Excess From Year4$106,627ExcessFromYear4Amt
Excess From Year3$101,253ExcessFromYear3Amt
Excess From Year2$113,879ExcessFromYear2Amt
Excess From Year1$29,548ExcessFromYear1Amt
Excess From Current Year$46,358ExcessFromCurrentYearAmt

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$3,500
PA ACADEMY OF FINE ARTS
128 N BROAD STPHILAPA19102CHARITABLE$6,000
LYCOMING COLLEGE
700 COOLEGE PLACEWILLIAMSPORTPA17701EDUCATIONAL$35,000
JEWISH NATIONA FUND
42 E 69TH STREETNEW YORKNY10021RELIGIOUS$1,800
THE BULL STONE HOUSE FDTN
183 COUNTY ROAD 56CAMPBELL HALLNY10916CHARITABLE$2,500
CHILDRENS CRISIS TREATMENT CTR
1080 N DELAWARE AVEPHILADELPHIAPA19125CHARITABLE$5,000
D'AMICO INSTITUTE OF ART
BOX 1266NEW YORKNY11930EDUCATIONAL$500
PLANNED PARENTHOOD OF AMERICA
123 WILLIAM STNEW YORKNY10038CIVIC$100
ROMAN CATHOLIC HIGH SCHOOL
301 N BROAD STPHILADELPHIAPA19107EDUCATIONAL$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$59,400TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,248ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$3,511RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,248ExclusionAmt
Related Or Exempt Function Incm-$3,511RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$263TotalIncomeProducingActyAmt

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 PersonLEONARD A 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$27,699TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property8 shares of Amazon.comNoncashPropertyDesc
Fair Market Value$27,699FairMarketValueAmt
Received2021-04-30ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryLIEBERMAN AND COMPANYCategoryTxt
Amt$1,600Amt
Net Investment Income$800NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$800DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK CHARGES$84$42$42
PA LICENSE$15$15

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAX ON INVESTMENT INCOMECategoryTxt
Amt$28Amt
Net Investment Income$28NetInvestmentIncomeAmt