KENDRICK B MELROSE FAMILY FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- KENDRICK B MELROSE FAMILY FOUNDATION (EIN 41-1894134)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-05-02
- IRS object ID
- 202401239349100310
- Schema version
- 2023v5.0
- 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
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-02T07:26:57-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450250958 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Eide Bailly LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 Nicollet Mall Ste 1300 | AddressLine1Txt |
| City | Minneapolis | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 554027033 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411894134 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kendrick B Melrose Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KEND | BusinessNameControlTxt |
| Phone | 7635458667 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 Balsam Lane N | AddressLine1Txt |
| City | Plymouth | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55441 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David Zaudtke | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 7635458667 | PhoneNum |
| Signature | 2024-04-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | David | PersonFirstNm |
| Person Last | Zaudtke | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Deb Nelson CPA | PreparerPersonNm |
| PTIN | P01264758 | PTIN |
| Phone | 6122536500 | PhoneNum |
| Preparation | 2024-04-22 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $29,614,118 | 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 | $625,585 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $625,585 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$1,322,518 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $8,208,724 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $365 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $365 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | -$696,568 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $625,950 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $64,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $30,850 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $33,150 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $56 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $56 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,150 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $8,150 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $208,139 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $208,139 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $22,894 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $25 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $25 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $303,264 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $238,989 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $41,381 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $422,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $422,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $725,264 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $238,989 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $463,381 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,421,832 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $386,961 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,049,259 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,328,320 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,328,320 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,943,233 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,950,261 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $6,638,458 | CorporateStockBOYAmt |
| Corporate Stock EOY | $19,094,212 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $20,641,961 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $415,334 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $3,333,531 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $3,137,952 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $20,549,158 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,518,812 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,555,624 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $28,652,209 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,218,108 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $29,614,118 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $28,652,209 | RetainedEarningBOYAmt |
| Retained Earning EOY | $27,218,108 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $28,652,209 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $27,218,108 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $28,652,209 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $27,218,108 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $28,652,209 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,421,832 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $27,230,377 | SubtotalAmt |
| Other Decreases | $12,269 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $27,218,108 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| Publicly Traded Securities | $7,985,992 | $9,531,242 | -$1,545,250 | -$1,545,250 | |
| Capital Gains Dividends | $222,732 | $222,732 | $222,732 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$1,322,518 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $5,379 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $5,379 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $5,379 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,456 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $9,456 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $7 | EsPenaltyAmt |
| Overpayment | $4,070 | OverpaymentAmt |
| Applied To ES Tax | $4,070 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 | MN | 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 |
| Individual With Books | Kendrick B Melrose Family Foundati | IndividualWithBooksNm |
| Phone | 7635458667 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 Balsam Lane N | AddressLine1Txt |
| City | Plymouth | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55441 | 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 | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | 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 | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Edward A Arndt | ||||||||
| 115 Balsam Lane N | Plymouth | MN | 55441 | Chair/President | 2.00 | $33,000 | $0 | $0 |
| David Zaudtke | ||||||||
| 115 Balsam Lane N | Plymouth | MN | 55441 | Treasurer | 1.00 | $31,000 | $0 | $0 |
| Laurie Rivard | ||||||||
| 115 Balsam Lane N | Plymouth | MN | 55441 | Secretary | 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 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wells Fargo | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 90 South 7th Street MAC N9305-111 | AddressLine1Txt |
| City | Minneapolis | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Investment management | ServiceTypeTxt |
| Compensation | $189,672 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | $26,924,612 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,035,259 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $27,959,871 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $27,959,871 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $419,398 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $27,540,473 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,377,024 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,377,024 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $5,379 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $5,379 | TotalTaxAmt |
| Distributable Before Adj | $1,371,645 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,371,645 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,371,645 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $463,381 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $463,381 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,371,645 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $2,798,400 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $592,085 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $907,061 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr1 | $956,493 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $5,254,039 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $463,381 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $463,381 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $908,264 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $908,264 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $4,345,775 | 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 | $1,890,136 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,455,639 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $592,085 | ExcessFromYear4Amt |
| Excess From Year3 | $907,061 | ExcessFromYear3Amt |
| Excess From Year1 | $956,493 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Alzheimers Association Minnesota-North Dakota Chapter | |||||||
| 12701 Whitewater Drive Suite 290 | Minnetonka | MN | 55343 | None | PC | General Purpose | $68,000 |
| Create A Memory Foundation | |||||||
| 80 South 8th Street Suite 3901 | Minneapolis | MN | 55402 | None | PC | General Purpose | $115,000 |
| Giving Voice Initiative | |||||||
| 7400 Metro Boulevard Suite 255 | Edina | MN | 55439 | None | PC | General Operations | $11,500 |
| Good Cities | |||||||
| 7340 Hunters Run | Eden Prairie | MN | 55346 | None | PC | General Purpose | $8,000 |
| Helping Paws Inc | |||||||
| 630 12th Ave S PO Box 634 | Hopkins | MN | 55343 | None | PC | General Purpose | $25,000 |
| Hill Cities | |||||||
| 4440 2-1/2 Street NE | Minneapolis | MN | 55421 | None | PC | General Purpose | $11,500 |
| Minnesota Military Family Foundation | |||||||
| 630 Mendelssohn Ave N | Golden Valley | MN | 55427 | None | PC | General Purpose | $10,000 |
| No Barriers USA | |||||||
| 605 South College Avenue 101 | Fort Collins | CO | 80524 | None | PC | General Purpose | $115,000 |
| Park Nicollet Foundation | |||||||
| 6500 Excelsior Blvd | St Louis Park | MN | 55426 | None | PC | Melrose East St. Paul location expansion | $58,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $422,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $625,585 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $365 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$1,322,518 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$696,568 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$696,568 | 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 | Accounting Fees | CategoryTxt |
| Amt | $8,150 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $8,150 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (38 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBVIE INC | $44,849 | $46,740 |
| AMAZON.COM INC | $47,614 | $47,989 |
| AMERICAN EXPRESS CO | $48,815 | $49,192 |
| ANHEUSER-BUSCH INBEV WOR | $49,907 | $50,777 |
| ANTHEM INC | $35,950 | $36,673 |
| APPLE INC | $48,461 | $48,784 |
| AT&T INC | $36,449 | $37,423 |
| BOEING CO | $46,002 | $47,244 |
| CATERPILLAR FINL SERVICE | $44,902 | $45,318 |
| CITIGROUP INC | $46,660 | $47,822 |
| CVS HEAL TH CORP | $48,492 | $49,152 |
| DUKE ENERGY CORP | $42,294 | $43,558 |
| FISERV INC | $38,862 | $39,402 |
| GENERAL MILLS INC | $39,330 | $39,446 |
| GILEAD SCIENCES INC | $48,643 | $49,189 |
| GOLDMAN SACHS GROUP INC | $44,271 | $45,741 |
| HOME DEPOT INC | $45,171 | $46,170 |
| ISHARES MBS ETF | $112,193 | $112,896 |
| JPMORGAN CHASE & CO | $54,892 | $55,695 |
| KEURIG DR PEPPER INC | $46,607 | $48,114 |
| LOCKHEED MARTIN CORP | $51,348 | $51,607 |
| MASTERCARD INC | $42,029 | $42,654 |
| MERCK & CO INC | $41,885 | $42,687 |
| META PLATFORMS INC | $49,969 | $50,730 |
| MORGAN STANLEY | $46,593 | $47,732 |
| PEPSICO INC | $67,413 | $68,172 |
| PFIZER INVESTMENT ENTER | $49,755 | $49,974 |
| PRINCIPAL PREFERRED SECURITIES FUND | $1,600,000 | $1,374,089 |
| RTXCORP | $32,118 | $32,513 |
| STARBUCKS CORP | $34,984 | $35,886 |
| STATE STREET CORP | $31,465 | $33,292 |
| SUMITOMO MITSUI BANKING | $48,906 | $49,489 |
| TARGET CORP | $49,047 | $49,563 |
| TEXAS INSTRUMENTS INC | $39,515 | $41,534 |
| TYSON FOODS INC | $49,165 | $49,430 |
| UNITEDHEAL TH GROUP INC | $51,850 | $52,895 |
| VERIZON COMMUNICATIONS | $28,519 | $29,316 |
| WALT DISNEY COMPANY | $48,606 | $49,064 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (15 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BERKSHIRE HATHAWAY CL-B NEW | $99,895 | $186,177 |
| BROOKFIELD ASSET MANAGMT LTD | $5,934 | $21,812 |
| BROOKFIELD CORP CL A | $25,029 | $87,261 |
| COHO RELATIVE VALUE EQUITY FUND | $1,588,266 | $1,437,094 |
| EDGEWOOD GROWTH INSTL #2131 | $2,000,000 | $1,714,926 |
| HARDING LOEVNER INTERNATIONAL EQUITY | $1,000,000 | $1,014,926 |
| ISHARES CORE MSCI EAFE ETF | $2,486,744 | $2,715,510 |
| ISHARES CORE S&P MID-CAP ETF | $1,919,191 | $2,023,195 |
| ISHARES CORE S&P SMALL-CAP ETF | $1,199,250 | $1,171,590 |
| ISHARES MSCI EAFE GROWTH ETF | $967,793 | $1,007,240 |
| PRINCIPAL MIDCAP FUND | $1,000,000 | $1,064,113 |
| SHARES CORES & P 500 ETF | $5,046,401 | $6,333,374 |
| TORO CO | $62,030 | $95,990 |
| VANGUARD FTSE EMERGING MARKETS ETF | $849,328 | $765,282 |
| VIRTUS KAR SMALL-CAP CORE FUND | $844,351 | $1,003,471 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,943,233 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,950,261 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (16 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ACAP STRATEGIC INTERVAL COMMON | AT COST | $250,000 | $468,847 |
| E V SHT DURATION GOVT INC I | AT COST | $79,041 | $77,411 |
| ISHARES 0-3 MONTH TREASURY B | AT COST | $96,892 | $96,761 |
| ISHARES BROAD USD INV GRD CORP | AT COST | $115,854 | $125,690 |
| ISHARES RUSSELL TOP 200 G ETF | AT COST | $32,300 | $192,041 |
| KINETICS PARADIGM INST | AT COST | $27,697 | $103,988 |
| MFS INTL DIVERSIFICATION I | AT COST | $159,867 | $192,902 |
| MSIF ULTRA-SHORT INCOME A | AT COST | $54,564 | $54,606 |
| NH CREDIT PTR II OFFSH | AT COST | $62,155 | $190,332 |
| PROSHARES TR S&P 500 DV ARIST | AT COST | $139,364 | $188,877 |
| TOYOTA AUTO RECEIVABLES OWNER | AT COST | $67,552 | $68,641 |
| VANGUARD DIVIDEND APPRECIATION | AT COST | $69,814 | $241,798 |
| VANGUARD LONG-TERM GOVERNMENT | AT COST | $100,702 | $105,647 |
| VANGUARD SHORT-TERM CORPORATE | AT COST | $123,629 | $126,190 |
| VANGUARD SMALL CAP ETF | AT COST | $43,828 | $78,079 |
| WISDOMTREE US LARGECAP DIV FND | AT COST | $95,553 | $243,814 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $56 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $56 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Cost Basis Adjustment | Desc |
| Amt | $12,269 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MN Filing Fee | Desc |
| Revenue And Expenses Per Books | $25 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $25 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Investment Income | Desc |
| Revenue And Expenses Per Books | $365 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $365 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $365 | AdjustedNetIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Fees | CategoryTxt |
| Amt | $208,139 | Amt |
| Net Investment Income | $208,139 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Excise Tax | CategoryTxt |
| Amt | $22,894 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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