FLIP WILSON SCHOLARSHIP FUND TRUST: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- FLIP WILSON SCHOLARSHIP FUND TRUST (EIN 52-2299403)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-04-30
- IRS object ID
- 201831209349101003
- Schema version
- 2017v2.2
- 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
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-04-30T18:56:43-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 201287984 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE WALTER B MANDELL GROUP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 25176 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90025 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 522299403 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FLIP WILSON SCHOLARSHIP FUND TRUST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FLIP | BusinessNameControlTxt |
| Phone | 3236513000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8447 WILSHIRE BLVD 204 NO 204 | AddressLine1Txt |
| City | BEVERLY HILLS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 902113207 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WALTER B MANDELL | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 3104819999 | PhoneNum |
| Signature | 2018-04-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WALTER B MANDELL | PreparerPersonNm |
| PTIN | P00542759 | PTIN |
| Phone | 3236513000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,595,343 | 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 |
| Interest On Sav Rev And Expnss | $194 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $194 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $42,415 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $42,415 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $375,179 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $514,835 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $375,179 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $4,167 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $4,167 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $421,955 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $421,955 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $7,700 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $7,700 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $10,511 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $10,511 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $93 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $58 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $50,524 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $50,524 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $68,828 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $68,793 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $76,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $76,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $144,828 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $68,793 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $76,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $277,127 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $353,162 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Corporate Stock BOY | $236,893 | CorporateStockBOYAmt |
| Corporate Stock EOY | $197,190 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $422,992 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $140,689 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $40,517 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $45,537 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $834,377 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,148,080 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,126,814 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $1,211,959 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,385,787 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,595,343 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $31,075 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $31,075 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $1,180,884 | CapitalStockBOYAmt |
| Capital Stock EOY | $1,385,787 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,180,884 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,385,787 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,211,959 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,385,787 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,180,884 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $277,127 | ExcessRevenueOverExpensesAmt |
| Other Increases | $404 | OtherIncreasesAmt |
| Subtotal | $1,458,415 | SubtotalAmt |
| Other Decreases | $72,628 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,385,787 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (13 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|
| GRAND CENTRAL ASSOCIATES | P | 2001-03-23 | 2017-12-31 | $323,641 | $323,641 | $323,641 | |
| 33 SHIRE PLC | P | 2016-06-03 | 2017-10-27 | $4,644 | -$1,690 | -$1,690 | $6,334 |
| 152.08 ABBOTT LABS | P | 2005-12-01 | 2017-10-26 | $8,439 | $5,691 | $5,691 | $2,748 |
| 100 ABBVIE INC | P | 2005-12-01 | 2017-10-26 | $8,966 | $7,006 | $7,006 | $1,960 |
| 60 BECTON DICKINSON & CO | P | 2007-09-21 | 2017-10-26 | $12,591 | $8,082 | $8,082 | $4,509 |
| 60 COCA COLA CO | P | 2007-05-04 | 2017-10-26 | $2,776 | $1,179 | $1,179 | $1,597 |
| 100 GILEAD SCIENCES INC | P | 2006-04-12 | 2017-10-27 | $7,529 | $5,999 | $5,999 | $1,530 |
| 100,000 KRAFT FOODS INC | P | 2009-03-16 | 2017-08-11 | $100,000 | $0 | $0 | $100,000 |
| 100 PEPSICO INC | P | 2005-12-01 | 2017-10-26 | $11,075 | $5,084 | $5,084 | $5,991 |
| 150 PHILIP MORRIS INTL INC | P | 2005-12-01 | 2017-12-26 | $16,060 | $9,548 | $9,548 | $6,512 |
| 57 PROCTER & GAMBLE CO | P | 2006-05-12 | 2017-10-26 | $4,993 | $1,828 | $1,828 | $3,165 |
| 100 ST JUDE MEDICAL INC | P | 2007-01-24 | 2017-01-05 | $4,675 | $4,175 | $4,175 | $500 |
| 140 WALGREENS BOOTS ALLIANCE INC | P | 2010-10-15 | 2017-10-26 | $9,446 | $4,636 | $4,636 | $4,810 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $375,179 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $90,000 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $1,360,487 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.066153 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $62,000 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,437,377 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.043134 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $100,000 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,545,798 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.064692 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $164,291 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,571,863 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.104520 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $157,914 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,632,374 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.096739 | DistributionYr5Rt |
| Total Distribution | 0.375238 | TotalDistributionRt |
| Average Distribution | 0.075048 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $1,389,107 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $104,250 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $3,532 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $107,782 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $76,000 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,063 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $7,063 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $7,063 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $464 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $464 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $6,599 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE WALTER B MANDELL GROUP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3236513000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8447 WILSHIRE BLVD 204 | AddressLine1Txt |
| City | BEVERLY HILLS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90211 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| WALTER MANDELL | ||||||||
| 8447 WILSHIRE BLVD 204 | BEVERLY HILLS | CA | 90211 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| ALAN REBACK | ||||||||
| 12400 WILSHIRE BLVD 1275 | LOS ANGELES | CA | 90025 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,153,829 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $256,432 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,410,261 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,410,261 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $21,154 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,389,107 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $69,455 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $69,455 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,063 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,063 | TotalTaxAmt |
| Distributable Before Adj | $62,392 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $62,392 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $62,392 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $76,000 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $76,000 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $76,000 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $62,392 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $77,145 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $86,192 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $24,101 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr1 | $21,976 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $209,414 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $76,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $62,392 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $13,608 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $223,022 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $77,145 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $145,877 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $86,192 | ExcessFromYear4Amt |
| Excess From Year3 | $24,101 | ExcessFromYear3Amt |
| Excess From Year1 | $21,976 | ExcessFromYear1Amt |
| Excess From Current Year | $13,608 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CALIFORNIA STATE UNIVERSITY NORTHRIDGE | |||||||
| 18111 NORDHOFF STREET | NORTHRIDGE | CA | 91330 | NONE | PUBLIC | CHARITABLE CONTRIBUTION | $14,000 |
| HOWARD UNIVERSITY | |||||||
| PO BOX 417853 | BOSTON | MA | 02241 | NONE | PUBLIC | CHARITABLE CONTRIBUTIONCHARITABLE CONTRIBUTIONCHARITABLE CONTRIBUTION | $14,000 |
| RUTGERS UNIVERSITY | |||||||
| 7 COLLEGE AVENUE | NEW BRUNSWICK | NJ | 08901 | NONE | PUBLIC | CHARITABLE CONTRIBUTION | $14,000 |
| UNIVERSITY OF WASHINGTON | |||||||
| BOX 359505 | SEATTLE | WA | 98195 | NONE | PUBLIC | CHARITABLE CONTRIBUTION | $20,000 |
| WAYNE STATE UNIVERSITY | |||||||
| 4200 FACULTY/ADMINISTRATION | DETROIT | MI | 48202 | NONE | PUBLIC | CHARITABLE CONTRIBUTION | $14,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $76,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $194 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $42,415 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,167 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $375,179 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $421,955 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $421,955 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | THE WALTER B. MANDELL GROUP | CategoryTxt |
| Amt | $10,511 | Amt |
| Net Investment Income | $10,511 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORPORATE BONDS | BondNm |
| EOY Book Value | $40,517 | EOYBookValueAmt |
| EOYFMV | $45,537 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCKS | StockNm |
| EOY Book Value | $197,190 | EOYBookValueAmt |
| EOYFMV | $422,992 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MONEY MARKET FUNDS | AT COST | $151,769 | $151,769 |
| PREFERRED SECURITIES | AT COST | $24,520 | $25,880 |
| MUTUAL FUNDS | AT COST | $568,200 | $546,013 |
| S CORP - WILFLIP, INC | AT COST | $14,549 | $14,549 |
| CERTIFICATES OF DEPOSIT | AT COST | $319,652 | $319,213 |
| PARTNERSHIP - GRAND CENTRAL ASSOC | AT COST | $69,390 | $69,390 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | DENTONS US LLP | CategoryTxt |
| Legal Fees | $7,700 | LegalFeesAmt |
| Net Investment Income | $7,700 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| INVESTMENTS - BASIS ADJUSTMENT | $3,111 |
| PARTNERSHIP - GRAND CENTRAL ASSOC SEC 704 BASIS ADJ | $69,517 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT ACCOUNT FEES | $13,970 | $13,970 | $0 |
| PARTNERSHIP - GRAND CENTRAL ASSOC | $617 | $617 | $0 |
| PARTNERSHIP - GRAND CENTRAL ASSOC | $30,862 | $30,862 | $0 |
| S CORP - WILFLIP INC | $5,075 | $5,075 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PARTNERSHIP - GRAND CENTRAL ASSOC | $0 | $0 | $0 |
| ROYALTIES - FLIP WILSON SHOW | $3,667 | $3,667 | $3,667 |
| CASH - ST JUDE MED | $500 | $500 | $500 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| TAX EXEMPT INTEREST | $67 |
| INVESTMENT RETURN OF CAPITAL | $337 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERSHIP - GRAND CENTRAL ASSOC | Desc |
| BOY Book Value | $31,075 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| STATE TAX | $35 | $0 | $0 |
| FOREIGN TAX | $58 | $58 | $0 |