MORTENSON COMPANY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: MORTENSON COMPANY FOUNDATION (EIN 83-2430576)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-09-12
IRS object ID: 202432569349101418
Schema version: 2023v5.1
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
Schedule B
Depreciation Schedule
Investments Corp Stock Schedule
Legal Fees Schedule
Other Expenses Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-09-12T15:28:40-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3333 New Hyde Park Rd Ste 406	AddressLine1Txt
City	New Hyde Park	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11042	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	832430576	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Mortenson Company Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% Foundation Source	InCareOfNm
Business Name Control	MORT	BusinessNameControlTxt
Phone	8008391754	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1Txt
City	Wilmington	CityNm
State Abbreviation	DE	StateAbbreviationCd
ZIP	198091377	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	lois martin	PersonNm
Person Title	treasurer	PersonTitleTxt
Phone	8008391754	PhoneNum
Signature	2024-09-05	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Jeffrey D Haskell	PreparerPersonNm
PTIN	P01345770	PTIN
Phone	8008391754	PhoneNum

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-08-08 14:25:15Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$15,375,980	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$4,454,158	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$536,372	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$536,372	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$51,456	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$51,456	DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$5,041,986	TotalRevAndExpnssAmt
Total Net Invst Incm	$587,828	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Legal Fees Rev And Expnss	$952	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm	$0	LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl	$952	LegalFeesDsbrsChrtblAmt
Other Prof Fees Rev And Expnss	$336	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$336	OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss	$18,900	TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss	$36,077	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$5	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$36,072	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$56,265	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$341	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$0	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$37,024	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$410,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$410,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$466,265	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$341	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$0	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$447,024	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$4,575,721	ExcessRevenueOverExpensesAmt
Net Investment Income	$587,487	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$10,821,253	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$11,907,889	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$11,907,889	SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY	$3,489,085	CorporateStockEOYAmt
Corporate Stock EOYFMV	$3,468,091	CorporateStockEOYFMVAmt
Total Assets BOY	$10,821,253	TotalAssetsBOYAmt
Total Assets EOY	$15,396,974	TotalAssetsEOYAmt
Total Assets EOYFMV	$15,375,980	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$10,821,253	RetainedEarningBOYAmt
Retained Earning EOY	$15,396,974	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$10,821,253	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$15,396,974	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$10,821,253	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$15,396,974	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$10,821,253	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$4,575,721	ExcessRevenueOverExpensesAmt
Subtotal	$15,396,974	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$15,396,974	TotNetAstOrFundBalancesEOYAmt

Field	Value	IRS element (for citing)
Cap Gains Loss Tx Invst Incm Detail		CapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$8,166	InvestmentIncomeExciseTaxAmt
Subtotal	$8,166	SubtotalAmt
Tax Based On Investment Income	$8,166	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$7,220	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$1,200	ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits	$8,420	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$254	OverpaymentAmt
Applied To ES Tax	$254	AppliedToESTaxAmt

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	Yes (true)	ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8008391754	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	501 Silverside Road Suite 123	AddressLine1Txt
City	Wilmington	CityNm
State Abbreviation	DE	StateAbbreviationCd
ZIP	198091377	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	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
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 (6 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
Derek Cunz
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Dir	1.0	$0	$0	$0
Dan Johnson
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Dir, Pres	1.0	$0	$0	$0
Lois Martin
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Treas, Dir	1.0	$0	$0	$0
David Mortenson
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Dir	1.0	$0	$0	$0
Mark Mortenson
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Dir, Sec	1.0	$0	$0	$0
Maja Rosenquist
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Dir	1.0	$0	$0	$0

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	$289,008	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$11,656,968	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$11,945,976	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$11,945,976	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$179,190	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$11,766,786	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$588,339	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$588,339	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$8,166	TaxBasedOnInvestmentIncomeAmt
Total Tax	$8,166	TotalTaxAmt
Distributable Before Adj	$580,173	DistributableBeforeAdjAmt
Distributable Before Ded	$580,173	DistributableBeforeDedAmt
Distributable As Adjusted	$580,173	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$447,024	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	$447,024	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$580,173	DistributableAsAdjustedAmt
Undistributed Income PY	$353,201	UndistributedIncomePYAmt
Prior Year1	2021	PriorYear1Yr
Prior Year2	2020	PriorYear2Yr
Prior Year3	2019	PriorYear3Yr
Qualifying Distributions	$447,024	QualifyingDistributionsAmt
Applied To Year1	$353,201	AppliedToYear1Amt
Applied To Current Year	$93,823	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Total Corpus	$0	TotalCorpusAmt
Undistributed Income CY	$486,350	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt
Excess From Current Year	$0	ExcessFromCurrentYearAmt

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (21 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
ALL-IN MILWAUKEE INC
135 W WELLS ST STE 100	MILWAUKEE	WI	53203	N/A	PC	General & Unrestricted	$20,000
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI
6575 UNION PARK AVE STE 600	COTTONWOOD HEIGHTS	UT	84047	N/A	PC	General & Unrestricted	$15,000
AMERICAN HEART ASSOCIATION
4380 SW MACADAM AVE STE 480	PORTLAND	OR	97239	N/A	PC	General & Unrestricted	$10,000
AMERICAN HEART ASSOCIATION INC
2750 BLUE WATER RD STE 250	EAGAN	MN	55121	N/A	PC	General & Unrestricted	$25,000
CATHOLIC HEALTH INITIATIVES COLORADO FOUNDATION
9100 E MINERAL CIR	CENTENNIAL	CO	80112	N/A	PC	General & Unrestricted	$25,000
COMMUNITY TRANSITIONAL SCHOOL
6601 NE KILLINGSWORTH ST	PORTLAND	OR	97218	N/A	PC	General & Unrestricted	$5,000
CONSTRUCTING HOPE PRE- APPRENTICESHIP PROGRAM
405 NE CHURCH ST	PORTLAND	OR	97211	N/A	PC	General & Unrestricted	$15,000
CRISTO REY JESUIT HIGH SCHOOL
2924 4TH AVE S	MINNEAPOLIS	MN	55408	N/A	PC	General & Unrestricted	$20,000
EAST TENNESSEE FOUNDATION
520 W SUMMIT HILL DR STE 1101	KNOXVILLE	TN	37902	N/A	PC	General & Unrestricted	$5,000
EDGEHILL NEIGHBORHOOD PARTNERSHIP
1224 MARTIN ST	NASHVILLE	TN	37203	N/A	PC	General & Unrestricted	$15,000
FROEDTERT HOSPITAL FOUNDATION INC
9200 W WISCONSIN AVE	MILWAUKEE	WI	53226	N/A	SO I	General & Unrestricted	$50,000
HEARTS AND HAMMERS TWIN CITIES
2603 FAIRVIEW AVE N	ROSEVILLE	MN	55113	N/A	PC	General & Unrestricted	$25,000
JUNIOR ACHIEVEMENT USA
PO BOX 120478	SAINT PAUL	MN	55112	N/A	PC	General & Unrestricted	$25,000
NATIONAL MULTIPLE SCLEROSIS SOCIETY
900 S BROADWAY 2ND FL	DENVER	CO	80209	N/A	PC	General & Unrestricted	$15,000
OPPORTUNITY DEKALB INC
213 WINDSOR DR	DEKALB	IL	60115	N/A	PC	General & Unrestricted	$15,000
OREGON TRADESWOMEN INC
484 SE 187TH AVE	PORTLAND	OR	97233	N/A	PC	General & Unrestricted	$10,000
PHOENIX CHILDRENS HOSPITAL FOUNDATION
2929 E CAMELBACK RD STE 122	PHOENIX	AZ	85016	N/A	PC	General & Unrestricted	$25,000
REBUILDING TOGETHER INC
999 N CAPITOL ST NE 330	WASHINGTON	DC	20002	N/A	PC	Three volunteer projects in Fall 2023	$30,000
SOUTHWEST HUMAN DEVELOPMENT
2850 N 24TH ST	PHOENIX	AZ	85008	N/A	PC	General & Unrestricted	$25,000
THE WORKS
9740 GRAND AVE S	BLOOMINGTON	MN	55420	N/A	PC	General & Unrestricted	$25,000
TRUE FOUNDATION CHURCH
3859 FREMONT AVE N	MINNEAPOLIS	MN	55412	N/A	PC	General & Unrestricted	$10,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$410,000	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

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$536,372	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$51,456	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
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	$587,828	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$587,828	TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	Mortenson Construction Holdings Inc	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	c/o Lois Martin 700 Meadow Lane No	AddressLine1Txt
City	Minneapolis	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55422	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$4,454,158	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd
Noncash Contribution	Yes (X)	NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Noncash Property	VANGUARD DIVIDEND GROWTH FD VDIGX, 91817 sh.	NoncashPropertyDesc
Fair Market Value	$3,437,628	FairMarketValueAmt
Received	2023-12-22	ReceivedDt

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	VANGUARD DIVIDEND GROWTH FD	StockNm
EOY Book Value	$3,489,085	EOYBookValueAmt
EOYFMV	$3,468,091	EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	Document Review/Drafting	CategoryTxt
Legal Fees	$952	LegalFeesAmt
Disbursements Charitable Prps	$952	DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Net Investment IncomeNetInvestmentIncomeAmt
Administrative Fees	$36,097	$36,097
Bank Charges	$5		$5
Miscellaneous Credit	-$25	-$25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	Investment Management Services	CategoryTxt
Amt	$336	Amt
Net Investment Income	$336	NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt
990-PF Estimated Tax for 2023	$7,200
990-PF Extension for 2022	$11,700

MORTENSON COMPANY FOUNDATION: Form 990PF, tax year 2023

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (21 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor US Address ContributorUSAddress

Non Cash Property Contribution NonCashPropertyContributionGrp

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

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