FRANK W VEDEN CHARITABLE TR UA 35412910: Form 990PF, tax year 2023
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- Organization
- FRANK W VEDEN CHARITABLE TR UA 35412910 (EIN 41-6432193)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-05-17
- IRS object ID
- 202431389349100813
- 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
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-17T11:01:14-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 460454087 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DORSEY & WHITNEY TRUST COMPANY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 E 8TH ST STE 319 | AddressLine1Txt |
| City | SIOUX FALLS | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 571037031 | 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 | 416432193 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANK W VEDEN CHARITABLE TRUST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VEDE | BusinessNameControlTxt |
| Phone | 6053366832 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 E 8TH ST STE 319 | AddressLine1Txt |
| City | SIOUX FALLS | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 571037031 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SARAH S GODFREY | PersonNm |
| Person Title | CO-TRUSTEE | PersonTitleTxt |
| Phone | 6053366832 | PhoneNum |
| Signature | 2024-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW C MCMILLEN | PreparerPersonNm |
| PTIN | P01212096 | PTIN |
| Phone | 6053366832 | PhoneNum |
| Preparation | 2024-05-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| 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 | $14,830,441 | FMVAssetsEOYAmt |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $291,035 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $291,035 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$228,459 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,667,027 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $62,576 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $291,035 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $107,358 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $64,415 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $42,943 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $546 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $546 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $1,250 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $750 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $500 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $83,613 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $50,168 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $33,445 | OtherProfFeesDsbrsChrtblAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $863 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $0 | PrintingAndPubAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $1,100 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $25 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $194,730 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $115,333 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $77,459 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,231,667 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,231,667 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,426,397 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $115,333 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,309,126 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,363,821 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $175,702 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | $470 | CashEOYAmt |
| Cash EOYFMV | $470 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $390,619 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $88,645 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $88,645 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl EOY | $0 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $0 | AcctRcvblEOYFMVAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Corporate Stock BOY | $7,556,490 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,950,018 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $12,197,637 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $3,128,061 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $2,672,363 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $2,543,689 | CorporateBondsEOYFMVAmt |
| Other Investments EOYFMV | $0 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $11,075,170 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,711,496 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $14,830,441 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $11,075,170 | CapitalStockBOYAmt |
| Capital Stock EOY | $9,711,496 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $11,075,170 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $9,711,496 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $11,075,170 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $9,711,496 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $11,075,170 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,363,821 | ExcessRevenueOverExpensesAmt |
| Other Increases | $147 | OtherIncreasesAmt |
| Subtotal | $9,711,496 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $9,711,496 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (17 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| 250000. CD CAP ONE NA (FKA USA) SUBORDINATED | 2016-11-22 | 2023-02-15 | $250,000 | $250,248 | -$248 | -$248 |
| 1825. PARAMOUNT GLOBAL-CLASS B | 2021-08-13 | 2023-03-01 | $38,667 | $72,816 | -$34,149 | -$34,149 |
| 1177. ALLSTATE CORP | 2021-08-13 | 2023-04-05 | $131,458 | $159,125 | -$27,667 | -$27,667 |
| 950. CROWDSTRIKE HOLDINGS INC - A | 2022-07-14 | 2023-04-05 | $128,599 | $164,339 | -$35,740 | -$35,740 |
| 1245. MEDTRONIC PLC | 2020-11-05 | 2023-04-05 | $99,213 | $130,259 | -$31,046 | -$31,046 |
| 500. MEDTRONIC PLC | 2019-04-11 | 2023-04-05 | $39,845 | $44,280 | -$4,435 | -$4,435 |
| 1000. MEDTRONIC PLC | 2019-01-07 | 2023-04-05 | $79,689 | $88,355 | -$8,666 | -$8,666 |
| 400. MEDTRONIC PLC | 2023-03-01 | 2023-04-05 | $31,876 | $32,772 | -$896 | -$896 |
| 490. MICROSOFT CORP | 1997-01-30 | 2023-04-24 | $138,933 | $6,171 | $132,762 | $132,762 |
| 200000. PHILIP MORRIS INTL INC GLB | 2021-09-07 | 2023-05-10 | $200,000 | $205,450 | -$5,450 | -$5,450 |
| 220. 3M CO | 2018-06-07 | 2023-08-29 | $23,329 | $44,949 | -$21,620 | -$21,620 |
| 510. 3M CO | 2018-05-30 | 2023-08-29 | $54,082 | $100,611 | -$46,529 | -$46,529 |
| 1200. 3M CO | 2020-10-21 | 2023-08-29 | $127,251 | $206,370 | -$79,119 | -$79,119 |
| 160. INVESCO QQQ TRUST SERIES 1 | 2022-01-27 | 2023-09-22 | $57,253 | $54,820 | $2,433 | $2,433 |
| 60. INVESCO QQQ TRUST SERIES 1 | 2020-12-09 | 2023-09-22 | $21,470 | $18,287 | $3,183 | $3,183 |
| 1524. AMERICAN ELECTRIC POWER | 2020-11-05 | 2023-10-31 | $114,331 | $139,411 | -$25,080 | -$25,080 |
| 2275. NEXTERA ENERGY INC | 2023-04-05 | 2023-10-31 | $131,031 | $177,223 | -$46,192 | -$46,192 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$228,459 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,442 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,442 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,442 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,608 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $2,608 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $166 | OverpaymentAmt |
| Applied To ES Tax | $166 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | false | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DORSEY & WHITNEY TRUST COMPANY LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6053366832 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 E 8TH ST STE 319 | AddressLine1Txt |
| City | SIOUX FALLS | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| GARY M JOHNSON | ||||||
| 401 E 8TH ST STE 319 | SIOUX FALLS | SD | 57103 | TRUSTEE | 8 | $35,786 |
| SARAH S GODFREY | ||||||
| 401 E 8TH ST STE 319 | SIOUX FALLS | SD | 57103 | TRUSTEE | 8 | $35,786 |
| ROBERT J STRUYK | ||||||
| 401 E 8TH ST STE 319 | SIOUX FALLS | SD | 57103 | TRUSTEE | 8 | $35,786 |
| 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 | BANK OF AMERICA NA | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 653067 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 752653067 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | CUSTIODIAN & MANAGEM | ServiceTypeTxt |
| Compensation | $75,927 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $13,947,603 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $392,001 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $14,339,604 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $14,339,604 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $215,094 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $14,124,510 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $706,226 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $706,226 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,442 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,442 | TotalTaxAmt |
| Distributable Before Adj | $703,784 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $703,784 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $703,784 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,309,126 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,309,126 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $703,784 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $581,967 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $0 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,309,126 | QualifyingDistributionsAmt |
| Applied To Year1 | $581,967 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $703,784 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $23,375 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $23,375 | 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 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $23,375 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $23,375 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Business Name Line2RecipientBusinessName/BusinessNameLine2Txt |
|---|---|---|---|---|---|---|---|---|
| WELCOME HOUSE MATERNITY HOME | ||||||||
| 1678 COLLEGE WAY | FERGUS FALLS | MN | 56537 | N/A | PC | GENERAL SUPPORT | $10,000 | |
| SOUL PURPOSE MINISTRIES | ||||||||
| 213 E SUMMIT AVENUE | FERGUS FALLS | MN | 56537 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| APPLE TREE DENTAL | ||||||||
| 2442 MOUNDS VIEW BLVD | MOUNDS VIEW | MN | 55112 | N/A | PC | GENERAL SUPPORT | $75,000 | |
| WEST CENTRAL INITIATIVE | ||||||||
| PO BOX 318 | FERGUS FALLS | MN | 565380318 | N/A | PC | SUPPORT EARLY CHILDHOOD | $50,000 | |
| SALVATION ARMY | ||||||||
| 2445 PRIOR AVENUE NORTH | ROSEVILLE | MN | 55113 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| MINNESOTA HISTORICAL SOCIETY | ||||||||
| 345 KELLOGG BLVD W | ST PAUL | MN | 55102 | N/A | PC | GENERAL SUPPORT | $25,000 | |
| ALEXANDRIA TECHNICAL & COMMUNITY COLLEGE | ||||||||
| 1601 JEFFERSON STREET | ALEXANDRIA | MN | 56308 | N/A | PC | SCHOLARSHIPS | $25,000 | FOUNDATION |
| HUMANE SOCIETY OF OTTER TAIL COUNTY | ||||||||
| 1933 W FIR AVENUE | FERGUS FALLS | MN | 56537 | N/A | PC | GENERAL SUPPORT | $25,000 | |
| I-94 BMX INC | ||||||||
| 17358 REED CREEK RD | ELIZABETH | MN | 56533 | N/A | PC | GENERAL SUPPORT | $10,000 | |
| LRHC LONG TERM CARE FACILITIES INC | ||||||||
| 712 S CASCADE ST | FERGUS FALLS | MN | 56537 | N/A | PC | GENERAL SUPPORT | $100,000 | |
| CITY OF FERGUS FALLS | ||||||||
| 112 W WASHINGTON AVENUE | FERGUS FALLS | MN | 56537 | N/A | GOV | GENERAL SUPPORT | $666,667 | |
| FERGUS AREA COLLEGE FOUNDATION | ||||||||
| 1414 COLLEGE WAY | FERGUS FALLS | MN | 56537 | N/A | PC | GENERAL SUPPORT | $200,000 | |
| FRIENDS AND ALLIES PROJECT CORP | ||||||||
| 30045 W STALKER RD | DALTON | MN | 56324 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,231,667 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $291,035 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$228,459 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $62,576 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $62,576 | TotalIncomeProducingActyAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Rln Of Acty To Accom Of Exmpt Prps | RlnOfActyToAccomOfExmptPrpsGrp |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION FEE - BOA | CategoryTxt |
| Amt | $1,250 | Amt |
| Net Investment Income | $750 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $500 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (18 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 06406HDA4 BANK OF NY MELLON CO | $103,808 | $97,823 |
| 12189LAT8 BURLINGTN NORTH SANT | $103,529 | $98,743 |
| 140420NB2 CD CAP ONE NA (FKA U | ||
| 375558BF9 GILEAD SCIENCES INC | $99,082 | $97,971 |
| 57636QAG9 MASTERCARD INC GLB | $104,609 | $96,493 |
| 69353REF1 PNC BANK NA SER BKNT | $201,924 | $196,248 |
| 828807CV7 SIMON PROPERTY GROUP | $202,306 | $195,386 |
| 87612EBD7 TARGET CORP GLB | $201,172 | $198,185 |
| 91324PCP5 UNITEDHEALTH GROUP I | $207,480 | $197,143 |
| 02665WCT6 AMERICAN HONDA FINAN | $213,934 | $199,891 |
| 037833EB2 APPLE INC GLB | $198,768 | $185,234 |
| 14913Q3B3 CATERPILLAR FINL SER | $105,159 | $97,508 |
| 20030NCS8 COMCAST CORP COMPANY | $112,171 | $98,630 |
| 26875PAM3 EOG RESOURCES INC GL | $214,708 | $196,082 |
| 718172BU2 PHILIP MORRIS INTL I | ||
| 63743HFC1 NATIONAL RURAL UTIL | $193,480 | $193,066 |
| 61747YET8 MORGAN STANLEY GLB | $304,437 | $297,177 |
| 05531FBH5 TRUIST FINANCIAL COR | $105,796 | $98,109 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (46 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 097023105 BOEING CO/THE | $132,644 | $162,913 |
| 17275R102 CISCO SYSTEMS INC | $221,607 | $240,475 |
| 172967424 CITIGROUP INC | $196,303 | $234,103 |
| 191216100 COCA-COLA CO/THE | $57,087 | $67,534 |
| 20030N101 COMCAST CORP-CLASS A | $137,005 | $165,885 |
| 595112103 MICRON TECHNOLOGY IN | $159,509 | $341,019 |
| 65339F101 NEXTERA ENERGY INC | $72,058 | $56,185 |
| 674599105 OCCIDENTAL PETROLEUM | $116,994 | $265,292 |
| 75513E101 RTX CORP | $174,434 | $164,746 |
| 806857108 SCHLUMBERGER LTD | $119,316 | $217,579 |
| 81762P102 SERVICENOW INC | $14,341 | $151,895 |
| 852234103 BLOCK INC | $42,491 | $72,554 |
| 931142103 WALMART INC | $96,104 | $176,253 |
| G6095L109 APTIV PLC | $126,992 | $134,580 |
| H1467J104 CHUBB LTD | $184,093 | $350,300 |
| G5960L103 MEDTRONIC PLC SHS | ||
| 002824100 ABBOTT LABS | $288,550 | $278,037 |
| 110122108 BRISTOL-MYERS SQUIBB | $188,104 | $172,658 |
| 91324P102 UNITEDHEALTH GROUP I | $147,892 | $529,102 |
| 46625H100 JPMORGAN CHASE & CO | $133,193 | $428,992 |
| 808513105 SCHWAB CHARLES CORP | $161,972 | $289,373 |
| 037833100 APPLE INC | $174,429 | $653,639 |
| 57636Q104 MASTERCARD INC | $60,198 | $91,700 |
| 594918104 MICROSOFT CORP | $10,982 | $327,907 |
| 92826C839 VISA INC CL A SHRS | $93,986 | $182,245 |
| 02079K305 ALPHABET INC SHS | $162,482 | $636,986 |
| 025537101 AMN ELEC POWER CO | ||
| 438516106 HONEYWELL INTL INC D | $434,190 | $438,504 |
| 58933Y105 MERCK AND CO INC | $245,758 | $345,048 |
| 020002101 ALLSTATE CORP DEL | ||
| 92556H206 PARAMOUNT GLOBAL | ||
| 166764100 CHEVRON CORP | $162,588 | $178,992 |
| 22788C105 CROWDSTRIKE HLDGS IN | ||
| 67066G104 NVIDIA CORP | $168,801 | $544,742 |
| 023135106 AMAZON.COM INC | $103,675 | $388,966 |
| 22160K105 COSTCO WHOLESALE COR | $401,378 | $700,345 |
| 278865100 ECOLAB INC | $121,783 | $122,184 |
| 311900104 FASTENAL COMPANY | $137,863 | $191,007 |
| 437076102 HOME DEPOT INC | $311,237 | $387,096 |
| 46090E103 INVESCO QQQ TRUST SE | $480,599 | $655,232 |
| 464287804 ISHARES CORE S&P SMA | $420,753 | $726,791 |
| 742718109 PROCTER & GAMBLE CO | $65,760 | $67,262 |
| 78467Y107 SPDR S&P MIDCAP 400 | $358,435 | $681,411 |
| 87612E106 TARGET CORP | $130,182 | $159,510 |
| 88579Y101 3M COMPANY | ||
| 532457108 ELI LILLY & CO | $134,250 | $218,595 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $546 | LegalFeesAmt |
| Disbursements Charitable Prps | $546 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| STATE FILING FEE | $25 | $0 | $25 |
| OTHER EXPENSES | $1,075 | $0 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOOK/TAX TIMING DIFFERENCES | Desc |
| Amt | $147 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CUSTODIAN & MANAGEMENTS FEES - | $74,677 | $44,806 | $29,871 |
| CUSTODIAN & MANAGEMENTS FEES - | $8,936 | $5,362 | $3,574 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAX ESTIMATES | CategoryTxt |
| Amt | $863 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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