RICHARD J AND EVELYN P@TALLMAN HONESDALE EDUCATION ENDOWMENT TRUS: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: RICHARD J AND EVELYN P@TALLMAN HONESDALE EDUCATION ENDOWMENT TRUS (EIN 84-1990666)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-11-16
IRS object ID: 202033219349105728
Schema version: 2019v5.0
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
Form 990-PF
Depreciation Schedule
Land Etc Schedule2
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Liabilities Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-11-16T14:01:38-08:00	ReturnTs
Tax Period End	2019-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	841157927	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	David Brewster & Assoc Inc	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4890 Riverbend Road	AddressLine1Txt
City	Boulder	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80301	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2019-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	841990666	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RICHARD J & EVELYN TALLMAN HONESDALE	BusinessNameLine1Txt
Business Name Line2	EDUCATION ENDOWMENT TRUST	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	RICH	BusinessNameControlTxt
Phone	8042876589	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4890 RIVERBEND ROAD	AddressLine1Txt
City	BOULDER	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80301	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOSEPH P TALLMAN	PersonNm
Person Title	Co-Trustee	PersonTitleTxt
Signature	2020-11-16	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	David J Brewster	PreparerPersonNm
PTIN	P00011387	PTIN
Phone	3034495320	PhoneNum

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2021-04-22 16:20:28Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Initial Return	Yes (X)	InitialReturnInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$972,670	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$50	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$50	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$50	DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss	$1,305	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$1,305	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$1,305	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$15,903	OtherIncomeRevAndExpnssAmt
Total Rev And Expnss	$17,258	TotalRevAndExpnssAmt
Total Net Invst Incm	$1,355	TotalNetInvstIncmAmt
Total Adj Net Incm	$50	TotalAdjNetIncmAmt
Deprec And Dpltn Rev And Expnss	$8,985	DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss	$3,148	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$12,133	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$4,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$4,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$16,133	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$4,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$1,125	ExcessRevenueOverExpensesAmt
Net Investment Income	$1,355	NetInvestmentIncomeAmt
Adjusted Net Income	$50	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash EOY	$97,670	CashEOYAmt
Cash EOYFMV	$97,670	CashEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$823,400	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$23,954	LandBldgEquipAccumDeprecAmt
Land EOY	$799,446	LandEOYAmt
Land EOYFMV	$875,000	LandEOYFMVAmt
Total Assets EOY	$897,116	TotalAssetsEOYAmt
Total Assets EOYFMV	$972,670	TotalAssetsEOYFMVAmt
Other Liabilities EOY	$10,035	OtherLiabilitiesEOYAmt
Total Liabilities EOY	$10,035	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
Donor Rstr Net Assets EOY	$799,446	DonorRstrNetAssetsEOYAmt
Tot Net Ast Or Fund Balances EOY	$887,081	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$0	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$897,116	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Excess Revenue Over Expenses	$1,125	ExcessRevenueOverExpensesAmt
Other Increases	$885,956	OtherIncreasesAmt
Subtotal	$887,081	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$887,081	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Field	Value	IRS element (for citing)
Property	EVELYN PHILLIPS TALLMAN ESTATE	PropertyDesc
How Acquired	P	HowAcquiredCd
Acquired	2018-01-01	AcquiredDt
Sold	2019-12-31	SoldDt
Gross Sales Price	$1,305	GrossSalesPriceAmt
Gain Or Loss	$1,305	GainOrLossAmt
Gains Minus Excess Or Losses	$1,305	GainsMinusExcessOrLossesAmt

Field	Value	IRS element (for citing)
Capital Gain Net Income	$1,305	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$27	InvestmentIncomeExciseTaxAmt
Subtotal	$27	SubtotalAmt
Tax Based On Investment Income	$27	TaxBasedOnInvestmentIncomeAmt
Tax Due	$27	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	CO	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	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
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	DAVID BREWSTER & ASSOCIATES	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3034495320	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	4890 RIVERBEND ROAD	AddressLine1Txt
City	BOULDER	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80301	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
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
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
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 (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
STEPHEN B TALLMAN
5 MALVERN AVE APT 5	RICHMOND	VA	23221	Co-Trustee	2.00	$0
ANDREW W SCOTT
805 CHETWORTH PLACE	ALEXANDRIA	VA	22314	Co-Trustee	2.00	$0
JOSEPH P TALLMAN
38O INCA PARKWAY	BOULDER	CO	80303	Co-Trustee	3.00	$0

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	AWARDED ENDOWMENT OF POST-SECONDARY EDUCATIONAL SCHOLARSHIP	Description1Txt
Expenses1	$4,000	Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$0	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$0	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$0	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$0	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$0	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$0	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Tax Based On Investment Income	$27	TaxBasedOnInvestmentIncomeAmt
Total Tax	$27	TotalTaxAmt
Distributable Before Adj	$27	DistributableBeforeAdjAmt
Distributable Before Ded	$27	DistributableBeforeDedAmt
Distributable As Adjusted	$0	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$4,000	ExpensesAndContributionsAmt
Qualifying Distributions	$4,000	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$4,000	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$0	DistributableAsAdjustedAmt
Qualifying Distributions	$4,000	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus	$4,000	RemainingDistriFromCorpusAmt
Total Corpus	$4,000	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$4,000	ExcessDistriCyovToNextYrAmt
Excess From Current Year	$4,000	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	SCHOLARSHIP	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	459 TERRACE ST	AddressLine1Txt
City	HONESDALE	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	18431	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	5702532046	RecipientPhoneNum
Recipient Email Address	cswendsen@whsdk12.com	RecipientEmailAddressTxt
Form And Info And Materials	APPLICATIONS SHOULD BE SUBMITTED TO CARLA SWENDSEN, GUIDANCE COUNSELOR AT HONESDALE HIGH SCHOOL. MUST INCLUDE FILLED OUT APPLICATION AND SUPPORTING ESSAY.	FormAndInfoAndMaterialsTxt
Submission Deadlines	APRIL OF SEMESTER PRECEEDING FIRST SEMESTER OF COLLEGE	SubmissionDeadlinesTxt
Restrictions On Awards	FOUR-YEAR SCHOLARSHIP WITH A $10,000 ANNUAL STIPEND LIMITATION PER RECIPIENT. RECIPIENT MUST MAINTAIN A FIRST SEMESTER FRESHMAN GPA OF 3.2 AND THEREAFTER, AN AVERAGE GPA OF 3.5. SCHOLARSHIP MONIES AWARDED ARE PAID DIRECTLY TO THE POST-SECONDARY INSTITUTION OF THE RECIPIENT'S CHOOSING IN THE NAME OF THE RECIPIENT.	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Field	Value	IRS element (for citing)
Recipient Person	MARTIN KELSEY	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	13 ROEDER LANE	AddressLine1Txt
City	HONESDALE	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	18431	ZIPCd

Field	Value	IRS element (for citing)
Recipient Relationship	NONE	RecipientRelationshipTxt
Recipient Foundation Status	I	RecipientFoundationStatusTxt
Grant Or Contribution Purpose	POST SECONDARY EDUCATIONAL SCHOLARSHIP	GrantOrContributionPurposeTxt
Amt	$4,000	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$4,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$50	UnrelatedBusinessTaxblIncmAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$3,770	RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$1,305	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$50	UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm	$5,075	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$5,125	TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

Field	Value	IRS element (for citing)
Property	221 PAWNEE DRIVE BUILDING	PropertyDesc
Acquired	2019-08-15	AcquiredDt
Cost Or Other Basis	$658,720	CostOrOtherBasisAmt
Prior Year Depreciation	$14,969	PriorYearDepreciationAmt
Computation Method	SL	ComputationMethodTxt
Rt	0.0136	Rt
Current Year Expense	$8,985	CurrentYearExpenseAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
Buildings	$658,720	$23,954	$634,766	$700,000
Land	$164,680		$164,680	$175,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

Field	Value	IRS element (for citing)
Desc	Rental Expenses	Desc
Revenue And Expenses Per Books	$3,148	RevenueAndExpensesPerBooksAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	Rental Income - Noninvestment Property	Desc
Revenue And Expenses Per Books	$15,903	RevenueAndExpensesPerBooksAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	INTIAL YEAR - CONTRIBUTED ASSETS	Desc
Amt	$885,956	Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (3 entries)

DescDesc	EOY Book ValueEOYBookValueAmt
OPTION PAYMENT	$10,000
LOAN PAYABLE ANDREW SCOTT	$25
LOAN PAYABLE JOE TALLMAN	$10