THE SILSETH FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- THE SILSETH FOUNDATION (EIN 85-3068681)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-09-19
- IRS object ID
- 202442639349100114
- 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
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Liquidation Explanation Stmt
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-09-19T13:16:05-05:00 | 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 | 853068681 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Silseth Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | SILS | 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 | john silseth | PersonNm |
| Person Title | president | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2024-09-14 | 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 | $6,897,040 | 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 | $5,182,598 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,216 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,216 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $29,796 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $29,796 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $200,830 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,279,175 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $976,387 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$1,699 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $132 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,412,741 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,007,531 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Taxes Rev And Expnss | $4,599 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $11,277 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $71 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $11,061 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $15,876 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $71 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $11,061 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $369,250 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $369,250 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $385,126 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $71 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $380,311 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $5,027,615 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,007,460 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $49,753 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $21,042 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $21,042 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $996,166 | CorporateStockBOYAmt |
| Corporate Stock EOY | $5,987,453 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,806,998 | CorporateStockEOYFMVAmt |
| Other Investments EOY | $65,039 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $69,000 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $1,045,919 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,073,534 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,897,040 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $1,045,919 | RetainedEarningBOYAmt |
| Retained Earning EOY | $6,073,534 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,045,919 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,073,534 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,045,919 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,073,534 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,045,919 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $5,027,615 | ExcessRevenueOverExpensesAmt |
| Subtotal | $6,073,534 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $6,073,534 | 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 |
|---|---|---|---|---|
| Publicly-traded Securities | $1,279,175 | $302,179 | $976,996 | $976,996 |
| Passthrough K1 Capital Gain/(Loss) | -$609 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $976,387 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $14,004 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $14,004 | SubtotalAmt |
| Tax Based On Investment Income | $14,004 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,500 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $9,900 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $14,400 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $396 | OverpaymentAmt |
| Applied To ES Tax | $396 | 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 | Yes (true) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| Jennifer S Binversie | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec | 0.0 | $0 | $0 | $0 |
| John M Silseth | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres | 1.0 | $0 | $0 | $0 |
| John B Silseth | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Treas | 0.0 | $0 | $0 | $0 |
| Karen K Silseth | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP | 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 | $4,273,263 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $47,825 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,321,088 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $4,321,088 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $64,816 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,256,272 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $212,814 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $212,814 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $14,004 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $14,004 | TotalTaxAmt |
| Distributable Before Adj | $198,810 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $198,810 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $198,810 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $380,311 | 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 | $380,311 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $198,810 | DistributableAsAdjustedAmt |
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
| Excess Distribution Cyov Yr3 | $6,500 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $22,576 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $178,054 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $207,130 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $380,311 | QualifyingDistributionsAmt |
| Applied To Current Year | $198,810 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $181,501 | RemainingDistriFromCorpusAmt |
| Total Corpus | $388,631 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $388,631 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $6,500 | ExcessFromYear3Amt |
| Excess From Year2 | $22,576 | ExcessFromYear2Amt |
| Excess From Year1 | $178,054 | ExcessFromYear1Amt |
| Excess From Current Year | $181,501 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | John M Silseth | ContributingManagerNm |
| Contributing Manager | Karen K Silseth | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (38 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ALDO LEOPOLD FOUNDATION INC | |||||||
| E13701 LEVEE RD | BARABOO | WI | 53913 | N/A | PC | General & Unrestricted | $7,500 |
| ASTRONOMERS WITHOUT BORDERS INC | |||||||
| 26500 AGOURA RD STE 102 PMB 618 | CALABASAS | CA | 91302 | N/A | PC | General & Unrestricted | $1,000 |
| BADGER INSTITUTE INC | |||||||
| 700 W VIRGINIA ST STE 301 | MILWAUKEE | WI | 53204 | N/A | PC | General & Unrestricted | $7,500 |
| BILL COOK FOUNDATION | |||||||
| 3 OAK ST | GENESEO | NY | 14454 | N/A | PC | General & Unrestricted | $500 |
| BOY SCOUTS OF AMERICA | |||||||
| 804 BLUEMOUND RD | WAUKESHA | WI | 53188 | N/A | PC | General & Unrestricted | $1,000 |
| BROOKLINK INC | |||||||
| 12555 W BURLEIGH RD STE 3 | BROOKFIELD | WI | 53005 | N/A | PC | General & Unrestricted | $15,000 |
| CHRISTIAN SOLIDARITY INTERNATIONAL INC | |||||||
| 870 HAMPSHIRE RD STE T | WESTLAKE VLG | CA | 91361 | N/A | PC | General & Unrestricted | $20,000 |
| COLLIER COUNTY HUNGER AND HOMELESS COALITION INC | |||||||
| PO BOX 9202 | NAPLES | FL | 34101 | N/A | PC | General & Unrestricted | $2,000 |
| CYSTIC FIBROSIS FOUNDATION | |||||||
| 4550 MONTGOMERY AVE STE 1100 N | BETHESDA | MD | 20814 | N/A | PC | Charitable Event | $2,500 |
| ELMBROOK CHURCH | |||||||
| 777 S BARKER RD | BROOKFIELD | WI | 53045 | N/A | PC | General & Unrestricted | $61,000 |
| ELMBROOK CHURCH | |||||||
| 777 S BARKER RD | BROOKFIELD | WI | 53045 | N/A | PC | "Life and Light" Books fund | $5,000 |
| ELMBROOK CHURCH | |||||||
| 777 S BARKER RD | BROOKFIELD | WI | 53045 | N/A | PC | Elmbrook Church Harvest Fund | $30,000 |
| ELMBROOK CHURCH | |||||||
| 777 S BARKER RD | BROOKFIELD | WI | 53045 | N/A | PC | "Life & Light" Eva Lawrenz memorial fund | $2,750 |
| FAITH BIBLE CHURCH OF NAPLES INC | |||||||
| 6464 IMMOKALEE RD | NAPLES | FL | 34119 | N/A | PC | General & Unrestricted | $12,000 |
| FOOD PANTRY OF WAUKESHA COUNTY INC | |||||||
| 1301 SENTRY DR | WAUKESHA | WI | 53186 | N/A | PC | General & Unrestricted | $10,000 |
| FOUNDATION FOR GOVERNMENT ACCOUNTABILITY INC | |||||||
| 15275 COLLIER BLVD STE 201-279 | NAPLES | FL | 34119 | N/A | PC | General & Unrestricted | $5,000 |
| GLOBAL SERVE INTERNATIONAL INC | |||||||
| 2102 SW 47TH ST | CAPE CORAL | FL | 33914 | N/A | PC | General & Unrestricted | $10,000 |
| GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN INC | |||||||
| 6055 N 91ST ST | MILWAUKEE | WI | 53225 | N/A | PC | General & Unrestricted | $10,000 |
| HEBRON HOUSE OF HOSPITALITY FOUNDATION INC | |||||||
| 1166 QUAIL CT STE 400 | PEWAUKEE | WI | 53072 | N/A | PC | General & Unrestricted | $5,000 |
| HOPE CENTER INC | |||||||
| 101 W BROADWAY | WAUKESHA | WI | 53186 | N/A | PC | General & Unrestricted | $5,000 |
| ICE AGE TRAIL ALLIANCE | |||||||
| 2110 MAIN ST | CROSS PLAINS | WI | 53528 | N/A | PC | General & Unrestricted | $1,500 |
| JOHN K MACIVER INSTITUTE FOR PUBLIC POLICY INC | |||||||
| 10 E DOTY ST STE 800 | MADISON | WI | 53703 | N/A | PC | General & Unrestricted | $5,000 |
| LUTHER SEMINARY | |||||||
| 2481 COMO AVE | SAINT PAUL | MN | 55108 | N/A | PC | General & Unrestricted | $1,000 |
| LUTHERAN WORLD RELIEF INC | |||||||
| 700 LIGHT ST | BALTIMORE | MD | 21230 | N/A | PC | General & Unrestricted | $1,000 |
| MASSACHUSETTS GENERAL HOSPITAL | |||||||
| 125 NASHUA ST STE 540 | BOSTON | MA | 02114 | N/A | PC | Denise Faustman lab fund | $25,000 |
| MILWAUKEE RESCUE MISSION | |||||||
| 830 N 19TH ST | MILWAUKEE | WI | 53233 | N/A | PC | General & Unrestricted | $20,000 |
| MT CARMEL LUTHERAN CHURCH | |||||||
| 8424 W CENTER ST | MILWAUKEE | WI | 53222 | N/A | PC | General & Unrestricted | $4,000 |
| PATHFINDERS MILWAUKEE INC | |||||||
| 4200 N HOLTON ST STE 400 | MILWAUKEE | WI | 53212 | N/A | PC | General & Unrestricted | $2,500 |
| PRAGER UNIVERSITY FOUNDATION | |||||||
| 15021 VENTURA BLVD 552 | SHERMAN OAKS | CA | 91403 | N/A | PC | General & Unrestricted | $6,000 |
| RAWHIDE INC | |||||||
| E7475 RAWHIDE RD | NEW LONDON | WI | 54961 | N/A | PC | General & Unrestricted | $3,000 |
| SAMARITANS PURSE | |||||||
| PO BOX 3000 | BOONE | NC | 28607 | N/A | PC | General & Unrestricted | $6,000 |
| SERENITY INNS INC | |||||||
| PO BOX 26887 | MILWAUKEE | WI | 53226 | N/A | PC | General & Unrestricted | $6,000 |
| SHARON LYNNE WILSON CENTER FOR THE ARTS INC | |||||||
| 3270 MITCHELL PARK DR | BROOKFIELD | WI | 53045 | N/A | PC | General & Unrestricted | $10,000 |
| TELLING THE TRUTH INC | |||||||
| 12660 W N AVE | BROOKFIELD | WI | 53005 | N/A | PC | General & Unrestricted | $5,500 |
| THE SALVATION ARMY OF GREATER MILWAUKEE | |||||||
| 11315 W WATERTOWN PLANK RD | MILWAUKEE | WI | 53226 | N/A | PC | General & Unrestricted | $15,000 |
| WISCONSIN INSTITUTE FOR LAW & LIBERTY INC | |||||||
| 330 E KILBOURN AVE STE 725 | MILWAUKEE | WI | 53202 | N/A | PC | General & Unrestricted | $5,000 |
| WORLD CENTRAL KITCHEN INCORPORATED | |||||||
| 200 MASSACHUSETTS AVE NW 7TH FL | WASHINGTON | DC | 20001 | N/A | PC | General & Unrestricted | $5,000 |
| WORLD RELIEF CORPORATION OF NATIONAL ASSOCIATION O | |||||||
| PO BOX 96479 | WASHINGTON | DC | 20077 | N/A | PC | General & Unrestricted | $35,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $369,250 | 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 | $1,216 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $29,796 | 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 | $200,830 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 Inc/Loss | Desc |
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | -$1,831 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $132 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$1,831 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $231,974 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $230,143 | 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 | John M Silseth | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15815 Choctaw Trail | AddressLine1Txt |
| City | Brookfield | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53045 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $5,182,598 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (15 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | PACCAR INC PCAR, 130 sh. | $9,610 | 2023-02-22 |
| 1 | KIMBERLY CLARK CORP KMB, 125 sh. | $16,160 | 2023-02-22 |
| 1 | MCDONALD'S CORP MCD, 50 sh. | $13,454 | 2023-02-22 |
| 1 | VITESSE ENERGY INC VTS, 120 sh. | $2,096 | 2023-02-22 |
| 1 | ALCON INC ALC, 18 sh. | $1,305 | 2023-02-22 |
| 1 | JOHNSON & JOHNSON JNJ, 1500 sh. | $236,670 | 2023-04-04 |
| 1 | MICROSOFT CORP MSFT, 3087 sh. | $1,039,115 | 2023-06-05 |
| 1 | GATX CORP INC GATX, 100 sh. | $12,232 | 2023-06-05 |
| 1 | ELI LILLY & CO LLY, 1205 sh. | $535,930 | 2023-06-05 |
| 1 | BERKSHIRE HATHAWAY INC. CLASS B BRK-B, 10 sh. | $3,286 | 2023-06-05 |
| 1 | BERKSHIRE HATHAWAY INC DEL CL A BRK-A, 2 sh. | $1,003,113 | 2023-06-05 |
| 1 | ALPHABET INC CL C GOOG, 500 sh. | $63,093 | 2023-06-05 |
| 1 | ALPHABET INC CL A GOOGL, 500 sh. | $62,818 | 2023-06-05 |
| 1 | TESLA MOTORS INC TSLA, 9595 sh. | $2,090,798 | 2023-06-05 |
| 1 | MONDELEZ INTERNATIONAL INC MDLZ, 1250 sh. | $92,919 | 2023-06-05 |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990-PF | IdentifierTxt |
| Form And Line Reference | Form 990-PF | FormAndLineReferenceDesc |
| Medium Explanation | One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information. | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (30 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALCON INC | $1,305 | $1,406 |
| ALPHABET INC CL A | $62,818 | $69,845 |
| ALPHABET INC CL C | $551,233 | $595,429 |
| APPLIED MATERIALS INC | $13,574 | $16,207 |
| BANK OF AMERICA CORP | $29,030 | $33,670 |
| BERKSHIRE HATHAWAY INC DEL CL | $1,003,113 | $1,085,250 |
| BERKSHIRE HATHAWAY INC. CLASS | $235,356 | $360,227 |
| CISCO SYSTEMS INC | $45,290 | $50,520 |
| ELI LILLY & CO | $254,684 | $437,190 |
| FASTENAL COMPANY | $66,625 | $77,724 |
| GATX CORP INC | $12,232 | $12,022 |
| INTEL CORP | $50,555 | $50,250 |
| JPMORGAN EQUITY PREMIUM INCO | $47,488 | $47,283 |
| KENVUE INC | $25,929 | $28,011 |
| KIMBERLY CLARK CORP | $16,160 | $15,189 |
| KINDER MORGAN INC | $43,254 | $52,920 |
| KRAFT HEINZ CO | $37,415 | $36,980 |
| MCDONALD'S CORP | $13,454 | $14,826 |
| MICROSOFT CORP | $1,039,114 | $1,160,834 |
| MONDELEZ INTERNATIONAL INC | $92,919 | $90,538 |
| NETFLIX INC | $61,501 | $73,032 |
| PACCAR INC | $9,610 | $12,695 |
| PALANTIR TECHNOLOGIES INC | $30,060 | $17,170 |
| PAYPAL HOLDINGS, INC | $67,018 | $55,269 |
| PUBLIC STORAGE INC | $85,704 | $91,500 |
| RIO TINTO PLC SPONSORED ADR | $60,915 | $74,460 |
| TESLA MOTORS INC | $1,909,086 | $2,109,594 |
| THE COCA-COLA CO | $53,325 | $58,930 |
| VERIZON COMMUNICATIONS | $66,590 | $75,400 |
| VITESSE ENERGY INC | $2,096 | $2,627 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | ENERGY TRANSFER LP | CategoryOrItemTxt |
| Book Value | $65,039 | BookValueAmt |
| EOYFMV | $69,000 | EOYFMVAmt |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $369,250. This amount represents 25% or more of the Foundation's net assets of $999,351 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. | ExplanationTxt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $11,036 | $11,036 | |
| K-1 Exp ENERGY TRANSFER LP | $216 | $71 | |
| State or Local Filing Fees | $25 | $25 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 Inc/Loss ENERGY TRANSFER LP | Desc |
| Revenue And Expenses Per Books | -$1,699 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $132 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2023 | $4,500 |
| 990-PF Excise Tax for 2022 | $99 |
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