Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
JOINT COUNCIL NO 73 SCHOLARSHIP FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)150 MORRIS AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SPRINGFIELD, NJ07081
A Employer identification number

22-6017773
B Telephone number (see instructions)

(973) 467-9100
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$856,264J Accounting method:
MODIFIED CASH
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 88 88 88
4 Dividends and interest from securities... 21,959 21,959 21,959
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
157,740 0 157,740
12 Total. Add lines 1 through 11........ 179,787 22,047 179,787
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,348 0 0 0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
300 0 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,350 0 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,998 0 0 0
25 Contributions, gifts, grants paid....... 93,000 93,000
26 Total expenses and disbursements. Add lines 24 and 25 103,998 0 0 93,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 75,789
b Net investment income (if negative, enter -0-) 22,047
c Adjusted net income (if negative, enter -0-)... 179,787
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 119,521 179,313 179,313
2 Savings and temporary cash investments......... 23,210    
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
618,292 		Click to see attachment
List of Attached Documents:
// Content
676,951 		Click to see attachment
List of Attached Documents:
// Content
676,951
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 761,023 856,264 856,264
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 150,000 156,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 150,000 156,000
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 611,023 700,264
29 Total net assets or fund balances (see instructions)..... 611,023 700,264
30 Total liabilities and net assets/fund balances (see instructions). 761,023 856,264
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
611,023
2
Enter amount from Part I, line 27a .....................
2
75,789
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
13,452
4
Add lines 1, 2, and 3 ..........................
4
700,264
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
700,264
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 306
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 306
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 306
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 300
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 300
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 294
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 294
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowTAXPAYER Telephone no.right arrow (908) 467-9100

Located atright arrow150 MORRIS AVENUESPRINGFIELDNJ ZIP+4right arrow07081
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ALPHONSE RISPOLI JR PRESIDENT
1.00 		0 0 0
150 MORRIS AVENUE
SPRINGFIELD,NJ07081
ROBERT CHERNEY VICE PRESIDENT
1.00 		0 0 0
150 MORRIS AVENUE
SPRINGFIELD,NJ07081
JAMES KANE TREASURER
1.00 		0 0 0
150 MORRIS AVENUE
SPRINGFIELD,NJ07081
JAMES KILKENNY RECORDING SECRETARY
1.00 		0 0 0
150 MORRIS AVENUE
SPRINGFIELD,NJ07081
RONALD LAKE TRUSTEE
1.00 		0 0 0
150 MORRIS AVENUE
SPRINGFIELD,NJ07081
JOSEPH DIPALMA TRUSTEE
1.00 		0 0 0
150 MORRIS AVENUE
SPRINGFIELD,NJ07081
MICHAEL BRODERICK TRUSTEE
1.00 		0 0 0
150 MORRIS AVENUE
SPRINGFIELD,NJ07081
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 PROVIDED EDUCATION SCHOLARSHIPS 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
170,397
b
Average of monthly cash balances.......................
1b
158,792
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
329,189
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
329,189
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
4,938
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
324,251
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
16,213
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
16,213
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
306
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
306
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
15,907
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
15,907
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
15,907
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
93,000
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
93,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 15,907
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 47,118
b From 2020...... 38,829
c From 2021...... 63,057
d From 2022...... 61,262
e From 2023...... 64,852
f Total of lines 3a through e ........ 275,118
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 93,000
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 15,907
e Remaining amount distributed out of corpus 77,093
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 352,211
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		47,118
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		305,093
10 Analysis of line 9:
a Excess from 2020.... 38,829
b Excess from 2021.... 63,057
c Excess from 2022.... 61,262
d Excess from 2023.... 64,852
e Excess from 2024.... 77,093
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
JOINT COUNCIL NO 73 SCHOLARSHIP FUN
150 MORRIS AVENUE
SPRINGFIELD,NJ07081
(973) 467-9100
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION, HIGH SCHOOL TRANSCRIPTS, SAT SCORES, RECOMMENDATION
cAny submission deadlines:
APRIL 1ST PRECEDING FALL SEMESTER
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
APPLICANTS MUST BE TEAMSTERS JOINT COUNCIL NO. 73 MEMBERS' CHILDREN
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

NICK CARCICH

1623 HOLLY BLVD
MANASQUAN,NJ08736 		    EDUCATION SCHOLARSHIP 1,000

DION SUN

11 JHAN DRIVE
JACKSON,NJ08527 		    EDUCATION SCHOLARSHIP 1,000

CAROLYN YAHN

16 BURDGE DRIVE
MIDDLETOWN,NJ07748 		    EDUCATION SCHOLARSHIP 1,000

JESSICA MCKEE

14 LEXINGTON ROAD
HOWELL,NJ07731 		    EDUCATION SCHOLARSHIP 1,000

JORDAN SMITH

318 MAIN STREET
KEYPORT,NJ07735 		    EDUCATION SCHOLARSHIP 1,000

ERIN DREBYCH

12 CENTRE STREET
MILLTOWN,NJ08850 		    EDUCATION SCHOLARSHIP 1,000

MAX KATTERMAN

6 ADAMARY PLACE
PINE BROOK,NJ07058 		    EDUCATION SCHOLARSHIP 1,000

FRANCES LIBUTTI

37 LORD AVENUE
BAYONNE,NJ07002 		    EDUCATION SCHOLARSHIP 1,000

CONNOR DEVENS

169 KNOLL ROAD
BOONTON,NJ07005 		    EDUCATION SCHOLARSHIP 1,000

SARA OGANIACZYK

120 A JOHNSON PLACE
SOUTH RIVER,NJ08882 		    EDUCATION SCHOLARSHIP 1,000

RILEY CAVANAGH

34 LAKE TERRACE
SPARTA,NJ07871 		    EDUCATION SCHOLARSHIP 2,000

BRIDGET GONZALEZ

5 ELMWOOD TERRACE
WAYNE,NJ07470 		    EDUCATION SCHOLARSHIP 2,000

FAITH PERKINS

41 5TH AVENUE
PORT READING,NJ07064 		    EDUCATION SCHOLARSHIP 2,000

BRYAN POTTER

140 TYRPAK ROAD
HOWELL,NJ07731 		    EDUCATION SCHOLARSHIP 3,000

JARED SMITH

47 WILLOW ROAD
TINTON FALLS,NJ07724 		    EDUCATION SCHOLARSHIP 1,000

MARY STRUNAK

10 PATRICK STREET
CARTERET,NJ07008 		    EDUCATION SCHOLARSHIP 2,000

RILEY DREWES

205 EASTHAM ROAD
POINT PLEASANT,NJ08742 		    EDUCATION SCHOLARSHIP 2,000

LUKE GIAMMANCO

460 RUSSELL AVENUE
WYCOFF,NJ07481 		    EDUCATION SCHOLARSHIP 2,000

MADELYN CASACELI

100 DAVID STREET
SOUTH RIVER,NJ08882 		    EDUCATION SCHOLARSHIP 2,000

DYLAN FECHER

4 LAFAYETTE AVENUE
BARNEGAT,NJ08005 		    EDUCATION SCHOLARSHIP 2,000

PIOTR GOMULKA

34 PRINCETON AVENUE
COLONIA,NJ07067 		    EDUCATION SCHOLARSHIP 2,000

GIANNA GULLACE

1145 WAKE FOREST DRIVE
TOMS RIVER,NJ08753 		    EDUCATION SCHOLARSHIP 2,000

KAYLA KASS

148 WEST 28TH STREET
BAYONNE,NJ07002 		    EDUCATION SCHOLARSHIP 2,000

ALISSA KRET

145 KINKADE DRIVE
MIDDLETOWN,NJ07748 		    EDUCATION SCHOLARSHIP 2,000

VADA LEAVER

14 FERNHEAD AVENUE
SPOTSWOOD,NJ08884 		    EDUCATION SCHOLARSHIP 2,000

CHRISTOPHER MENDEZ

49 ARROWWOOD COURT
HOWELL,NJ07731 		    EDUCATION SCHOLARSHIP 2,000

SPIRIDON PONTIDIS

5 SHIRE AVENUE
FAIRFIELD,NJ07004 		    EDUCATION SCHOLARSHIP 2,000

KEVIN SUAREZ

5 UNION STREET
CLARK,NJ07066 		    EDUCATION SCHOLARSHIP 1,000

JACOB MCCABE

3 NED COURT
MIDDLETOWN,NJ07748 		    EDUCATION SCHOLARSHIP 2,000

JULIE NAM

1 LIBERTY STREET APT D10
LITTLE FERRY,NJ07643 		    EDUCATION SCHOLARSHIP 2,000

JONATHAN BYRNES

211 WEST MOUNTAIN ROAD
SPARTA,NJ07871 		    EDUCATION SCHOLARSHIP 2,000

NICHOLAS ALEFANTI

367 RIDGEWOOD BLVD N
WASHINGTON TOWNSHIP,NJ07676 		    EDUCATION SCHOLARSHIP 2,000

KELLY BEHR

176 HICKORY TAVERN ROAD
GILLETTE,NJ07933 		    EDUCATION SCHOLARSHIP 2,000

MASON VOLLARO

682 BURKE ROAD
JACKSON,NJ08527 		    EDUCATION SCHOLARSHIP 2,000

ARIANA GIAMMANCO

460 RUSSELL AVENUE
WYCOFF,NJ07481 		    EDUCATION SCHOLARSHIP 2,000

SARAH CAHILL

30 BROOKSIDE DRIVE
NEW PROVIDENCE,NJ07974 		    EDUCATION SCHOLARSHIP 1,000

BRIAN SILVA

10 ROCK PORT ROAD
WANTAGE,NJ07461 		    EDUCATION SCHOLARSHIP 2,000

JARED DREWS

205 EASTHAN ROAD
POINT PLEASANT,NJ08742 		    EDUCATION SCHOLARSHIP 1,000

KEYSHAUN LILES

696 WORTH AVENUE
LINDEN,NJ07036 		    EDUCATION SCHOLARSHIP 1,000

MARISSA LOSONCZY

115 AVENUE C
BAYONNE,NJ07002 		    EDUCATION SCHOLARSHIP 1,000

EVA MAZZIOTTI

84 GWENN LOOP
STATEN ISLAND,NY10314 		    EDUCATION SCHOLARSHIP 1,000

THOMAS MISTRETTA

30 CREST LOOP
STATEN ISLAND,NY10312 		    EDUCATION SCHOLARSHIP 1,000

QUIN PEPERCIC

39 HILLSIDE STREET
RED BANK,NJ07701 		    EDUCATION SCHOLARSHIP 1,000

STEPHEN SANTOS JR

2126 DOVER PINES AVENUE
TOMS RIVER,NJ08755 		    EDUCATION SCHOLARSHIP 1,000

JOSHUA TOONE

746 HEWITT LANE
NEW WINDSOR,NY12553 		    EDUCATION SCHOLARSHIP 1,000

PRANAV VAGHELA

391 MYRTLY STREET
CLIFFWOOD,NJ07721 		    EDUCATION SCHOLARSHIP 2,000

LISA ANN ZAMBRANO

56 FRANKLIN STREET
FAIRVIEW,NJ07022 		    EDUCATION SCHOLARSHIP 1,000

JOCELYN BOYD

17 HALSTEAD ROAD
NEW BRUNSWICK,NJ08901 		    EDUCATION SCHOLARSHIP 1,000

JAYDEN CHERUBIN

13 PROSPECT PL
KEARNEY,NJ07032 		    EDUCATION SCHOLARSHIP 1,000

EDWARD KRUPSKI

525 UNION AVE
BRIDGEWATER,NJ08807 		    EDUCATION SCHOLARSHIP 1,000

RACHAEL MEDINA

11 MAPLE PLACE
ANDOVER,NJ07821 		    EDUCATION SCHOLARSHIP 1,000

MARIO PONTIDIS

414 DURHAM AVENUE
EDISON,NJ08817 		    EDUCATION SCHOLARSHIP 1,000

JOSEPH PEARSON

27 DUANE PLACE
BLOOMFIELD,NJ07003 		    EDUCATION SCHOLARSHIP 1,000

SHEA BRESNAHAN

976 CEDAR GROVE ROAD
TOMS RIVER,NJ08753 		    EDUCATION SCHOLARSHIP 1,000

NATALIE CRISPINO

4 WOODCOTT DRIVE
HAMBURGH,NJ07419 		    EDUCATION SCHOLARSHIP 1,000

VINCENT LUPO

604 DANIEL STREET
MIDDLETOWN,NJ07748 		    EDUCATION SCHOLARSHIP 1,000

AELYN MORAN

12 TRAVELO DRIVE
WAYNE,NJ07470 		    EDUCATION SCHOLARSHIP 1,000

JOHN RICHARDS

1227 EAST PEORIA PLACE
NORTH BRUNSWICK,NJ08902 		    EDUCATION SCHOLARSHIP 1,000

ISABELLA FERRARA

230 LAFAYETTE AVENUE
WESTWOOD,NJ07675 		    EDUCATION SCHOLARSHIP 1,000

LOGAN MAZZIOTTI

27 JEAN TERRACE
RED BANK,NJ07701 		    EDUCATION SCHOLARSHIP 1,000

CLAUDIA PARADYSZ

1405 REDWOOD DRIVE
PISCATAWAY,NJ08854 		    EDUCATION SCHOLARSHIP 1,000

YADHIRA RODRIGUEZ

46 CARRIAGE LANE
ENGLISHTOWN,NJ07726 		    EDUCATION SCHOLARSHIP 1,000

ANDREW CARVER

545 WARREN STREET
SCOTCH PLAINS,NJ07076 		    EDUCATION SCHOLARSHIP 1,000

MICHELLE GASSER

217 12TH STREET
WOODRIDGE,NJ07075 		    EDUCATION SCHOLARSHIP 1,000

REBECCA KAENEROUND

222 GERTRUDE TERRACE
DUNELLEN,NJ08812 		    EDUCATION SCHOLARSHIP 1,000

LAURA NEMETH

105 HIGHVIEW AVENUE
TOTOWA,NJ07512 		    EDUCATION SCHOLARSHIP 1,000

JASON SALVIONE

201 MCFARLANE ROAD
COLONIA,NJ07067 		    EDUCATION SCHOLARSHIP 1,000
Total .................................right arrow 3a 93,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    18 88  
4 Dividends and interest from securities ....     14 21,959  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		         
9 Net income or (loss) from special events:     01 157,740  
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 179,787 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
179,787
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
1A CONTRIBUTIONS RECEIVED AND USED FOR PROVIDING SCHOLARSHIPS.
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
TEAMSTERS JOINT COUNCIL NO 73 501(C)(3) COMMON BOARD OF TRUSTEES
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
JOINT COUNCIL NO 73 SCHOLARSHIP FUND
EIN:
22-6017773
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 4,348 0 0 0

TY 2024 OtherAssetsSchedule
Name:
JOINT COUNCIL NO 73 SCHOLARSHIP FUND
EIN:
22-6017773
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INVESTMENTS 618,292 676,951 676,951


TY 2024 OtherExpensesSchedule
Name:
JOINT COUNCIL NO 73 SCHOLARSHIP FUND
EIN:
22-6017773
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE EXPENSES 300 0 0 0
BANK CHARGES 50 0 0 0
FUTURE SCHOLARSHIP EXPENSES 6,000 0 0 0


TY 2024 OtherIncomeSchedule2
Name:
JOINT COUNCIL NO 73 SCHOLARSHIP FUND
EIN:
22-6017773
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
GROSS INCOME FROM SPECIAL FUNDRAISING EVENTS 157,740   157,740


TY 2024 OtherIncreasesSchedule
Name:
JOINT COUNCIL NO 73 SCHOLARSHIP FUND
EIN:
22-6017773
Description Amount
UNREALIZED GAIN ON INVESTMENTS 13,452


TY 2024 TaxesSchedule
Name:
JOINT COUNCIL NO 73 SCHOLARSHIP FUND
EIN:
22-6017773
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAXES 300 0 0 0