STRATEGY STUDIO / PUBLIC DATA EXPLORER

JOHN J KRAMER FAMILY GALETON CHARITABLE TR: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
JOHN J KRAMER FAMILY GALETON CHARITABLE TR (EIN 46-6798152)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-05-08
IRS object ID
201841289349101179
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 ReturnHeader

FieldValueIRS element (for citing)
Return2018-05-08T11:43:41-07:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN466798152EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KRAMER JOHN J FAMILY GALETON CHARITABLE TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKRAMBusinessNameControlTxt
Phone5707240243PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O CN BANK TRUST DEPT 90-92 MAIN SAddressLine1Txt
CityWELLSBOROCityNm
State AbbreviationPAStateAbbreviationCd
ZIP16901ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL G CHARLES VPPersonNm
Person TitleVICE PRESIDENTPersonTitleTxt
Phone5707240243PhoneNum
Signature2018-05-08SignatureDt
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$140,431FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$40InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$40InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$6,043DividendsRevAndExpnssAmt
Dividends Net Invst Incm$6,043DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$532NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$47,793GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$5,551TotalRevAndExpnssAmt
Total Net Invst Incm$6,083TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$1,821CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$1,821CompOfcrDirTrstNetInvstIncmAmt
Accounting Fees Rev And Expnss$400AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$400AccountingFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,221TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,221TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$6,200ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$6,200ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$8,421TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,221TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$6,200TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,870ExcessRevenueOverExpensesAmt
Net Investment Income$3,862NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$8,948SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$9,460SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$9,460SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$52,539CorporateStockBOYAmt
Corporate Stock EOY$51,862CorporateStockEOYAmt
Corporate Stock EOYFMV$59,052CorporateStockEOYFMVAmt
Corporate Bonds BOY$50,248CorporateBondsBOYAmt
Corporate Bonds EOY$51,360CorporateBondsEOYAmt
Corporate Bonds EOYFMV$51,952CorporateBondsEOYFMVAmt
Other Investments BOY$19,980OtherInvestmentsBOYAmt
Other Investments EOY$20,863OtherInvestmentsEOYAmt
Other Investments EOYFMV$19,967OtherInvestmentsEOYFMVAmt
Total Assets BOY$131,715TotalAssetsBOYAmt
Total Assets EOY$133,545TotalAssetsEOYAmt
Total Assets EOYFMV$140,431TotalAssetsEOYFMVAmt
Grants Payable BOY$5,489GrantsPayableBOYAmt
Grants Payable EOY$10,189GrantsPayableEOYAmt
Total Liabilities BOY$5,489TotalLiabilitiesBOYAmt
Total Liabilities EOY$10,189TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$126,226CapitalStockBOYAmt
Capital Stock EOY$123,356CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$126,226TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$123,356TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$131,715TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$133,545TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$126,226TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,870ExcessRevenueOverExpensesAmt
Subtotal$123,356SubtotalAmt
Tot Net Ast Or Fund Balances EOY$123,356TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtDepreciationDepreciationAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtFMV As Of123169FMVAsOf123169AmtAdjusted Basis As Of123169AdjustedBasisAsOf123169AmtExcess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
NONAB & CO - SHORT TERMP2017-01-012017-12-31$4,501$0$4,319$182$0$0$0$182
NONAB & CO - LONG TERMP2016-01-012017-12-31$43,292$0$44,006-$714$0$0$0-$714
FieldValueIRS element (for citing)
Capital Gain Net Income-$532CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$182NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Adjusted Qlfy Distri Yr1$6,281AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$123,415NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.050893DistributionYr1Rt
Adjusted Qlfy Distri Yr2$1,718AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$126,632NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.013567DistributionYr2Rt
Adjusted Qlfy Distri Yr3$3,330AdjustedQlfyDistriYr3Amt
Total Distribution0.064460TotalDistributionRt
Average Distribution0.032230AverageDistributionRt
Net Vl Noncharitable Assets$133,409NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$4,300AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$39NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$4,339AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$6,200QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$39InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$39SubtotalAmt
Tax Based On Investment Income$39TaxBasedOnInvestmentIncomeAmt
Original Return Tax Paid$0OriginalReturnTaxPaidAmt
Tax Due$39TaxDueAmt
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
Org Report Or Register StatePAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
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 Line1CITIZENS & NORTHERN BANK TRUST DEPTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5707240243PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line190-92 MAIN STREETAddressLine1Txt
CityWELLSBOROCityNm
State AbbreviationPAStateAbbreviationCd
ZIP16901ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
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 IndividualsYes (true)GrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CITIZENS & NORTHERN BANKBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line190-92 MAIN STREETAddressLine1Txt
CityWELLSBOROCityNm
State AbbreviationPAStateAbbreviationCd
ZIP16901ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$1,821CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt
Expenses1$0Expenses1Amt
Expenses2$0Expenses2Amt
Expenses3$0Expenses3Amt
Expenses4$0Expenses4Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$126,448AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$8,993AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$135,441TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$135,441AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,032CashDeemedCharitableAmt
Net Vl Noncharitable Assets$133,409NetVlNoncharitableAssetsAmt
Minimum Investment Return$6,670MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$6,670MinimumInvestmentReturnAmt
Tax Based On Investment Income$39TaxBasedOnInvestmentIncomeAmt
Total Tax$39TotalTaxAmt
Distributable Before Adj$6,631DistributableBeforeAdjAmt
Distributable Before Ded$6,631DistributableBeforeDedAmt
Distributable As Adjusted$6,631DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$6,200ExpensesAndContributionsAmt
Qualifying Distributions$6,200QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$39PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$6,161AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$6,631DistributableAsAdjustedAmt
Undistributed Income PY$6,150UndistributedIncomePYAmt
Qualifying Distributions$6,200QualifyingDistributionsAmt
Applied To Year1$6,150AppliedToYear1Amt
Applied To Current Year$50AppliedToCurrentYearAmt
Undistributed Income CY$6,581UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1INDIVIDUAL SCHOLARSHIPS TOBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1GRADUATING SENIORS OFAddressLine1Txt
CityGALETON AREA HIGH SCHOCityNm
State AbbreviationPAStateAbbreviationCd
ZIP16922ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusINDIV-IDUALSRecipientFoundationStatusTxt
Grant Or Contribution PurposeSCHOLARSHIPSAWARDEDGrantOrContributionPurposeTxt
Amt$6,200Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$6,200TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$40ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6,043ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$532ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,551ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,551TotalIncomeProducingActyAmt

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

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

FieldValueIRS element (for citing)
DescNONEDesc

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
Gross Sales Price$47,793GrossSalesPriceAmt
Basis$48,325BasisAmt
Total Net-$532TotalNetAmt