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FARIBAULT FOUNDATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
FARIBAULT FOUNDATION INC (EIN 41-1931735)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-10-14
IRS object ID
202402889349300200
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-14T01:09:35-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN471019942PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CREATIVE PLANNING TAX LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 E PARK AVE STE 300AddressLine1Txt
CityWATERLOOCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50703ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN411931735EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FARIBAULT FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFARIBusinessNameControlTxt
Phone5078058800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1530 WILSON AVENUEAddressLine1Txt
CityFARIBAULTCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55021ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLAURA BOCKPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone5078058800PhoneNum
Signature2024-10-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHELLE HEKEL CPAPreparerPersonNm
PTINP01440878PTIN
Phone3192346885PhoneNum
Preparation2024-10-11PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLAURA BOCKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1530 WILSON AVENUEAddressLine1Txt
CityFARIBAULTCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55021ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,736,420GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressFARIBAULTFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1999FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionTO DEVELOP, MANAGE, AND ADMINISTER FINANCIAL RESOURCES TO PROMOTE AND ENHANCE THE QUALITY OF LIFE FOR THE GREATER FARIBAULT COMMUNITY.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$65,410PYContributionsGrantsAmt
CY Contributions Grants$1,121,674CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$1,423CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$6,352CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$65,410PYTotalRevenueAmt
CY Total Revenue$1,129,449CYTotalRevenueAmt
PY Grants And Similar Paid$17,250PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$16,571CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$35,126CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$37,015CYTotalFundraisingExpenseAmt
PY Other Expenses$21,015PYOtherExpensesAmt
CY Other Expenses$84,821CYOtherExpensesAmt
PY Total Expenses$38,265PYTotalExpensesAmt
CY Total Expenses$136,518CYTotalExpensesAmt
PY Revenues Less Expenses$27,145PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$992,931CYRevenuesLessExpensesAmt
Total Assets BOY$115,785TotalAssetsBOYAmt
Total Assets EOY$1,132,136TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,903TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$115,785NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,129,233NetAssetsOrFundBalancesEOYAmt
MissionTO DEVELOP, MANAGE, AND ADMINISTER FINANCIAL RESOURCES TO PROMOTE AND ENHANCE THE QUALITY OF LIFE FOR THE GREATER FARIBAULT COMMUNITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$52,869ExpenseAmt
Grant$16,571GrantAmt
Revenue$1,423RevenueAmt
DescTHE FOUNDATION IS ON A MISSION TO IMPROVE THE QUALITY OF LIFE IN FARIBAULT THROUGH THE GENEROSITY OF DONORS. THIS MEANS GROWING THE COMMUNITY FOUNDATION AND USING GRANTS FROM THE MAJORITY OF THE FOUNDATION'S FUNDS TO BETTER THE FARIBAULT COMMUNITY. CURRENTLY, THE MOST SIGNIFICANT ACTIVITIES ARE TRYING TO GROW THE FOUNDATION'S ASSETS UNDER MANAGEMENT AND EDUCATE THE COMMUNITY ON WHAT THE FOUNDATION CAN DO TO HELP. THE FOUNDATION PROVIDED GRANTS TO 12 ORGANIZATIONS DURING THE YEAR.Desc
Total Program Service Expenses$52,869TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised FundYes (1)DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee1EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5078058800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1530 WILSON AVENUEAddressLine1Txt
CityFARIBAULTCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55021ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
NATALIA MEDOZA-ORR
PRESIDENT (RESIGNED)1.00Yes (X)Yes (X)$0$0$0
CHAD KOEPKE
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
TODD MARKMAN
TREASURER1.00Yes (X)Yes (X)$0$0$0
CHRISTINE SHAFFER-BROWN
SECRETARY1.00Yes (X)Yes (X)$0$0$0
STEVE KOHL
DIRECTOR (RESIGNED)1.00Yes (X)$0$0$0
MIKE RICHIE
DIRECTOR1.00Yes (X)$0$0$0
REV COLIN MALTBIE
DIRECTOR (RESIGNED)1.00Yes (X)$0$0$0
PAT GUSTAFSON
DIRECTOR1.00Yes (X)$0$0$0
CHAD WOLFF
DIRECTOR1.00Yes (X)$0$0$0
JEFF JANDRO
DIRECTOR1.00Yes (X)$0$0$0
LAURA BOCK
EXECUTIVE DIRECTOR40.00Yes (X)$16,990$0$0
KYMN ANDERSON
EXEC DIR(JAN-OCT)/ADMIN ASST(OCT-DEC)40.00Yes (X)$16,200$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$33,190TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,121,674AllOtherContributionsAmt
Total Contributions$1,121,674TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSERVICE FEE INCOMEDesc
Business900099BusinessCd
Total Revenue Column$1,423TotalRevenueColumnAmt
Related Or Exempt Func Income$1,423RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,423TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,222TotalRevenueColumnAmt
Exclusion$5,222ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$608,101SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$606,971SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,130SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,130TotalRevenueColumnAmt
Exclusion$1,130ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,129,449TotalRevenueColumnAmt
Related Or Exempt Func Income$1,423RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$6,352ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$16,571TotalAmt
Program Services$16,571ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$33,190TotalAmt
Program Services$10,925ProgramServicesAmt
Management And General$11,338ManagementAndGeneralAmt
Fundraising$10,927FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,936TotalAmt
Program Services$631ProgramServicesAmt
Management And General$673ManagementAndGeneralAmt
Fundraising$632FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$180TotalAmt
Management And General$180ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$350TotalAmt
Management And General$350ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$69,546TotalAmt
Program Services$23,171ProgramServicesAmt
Management And General$23,202ManagementAndGeneralAmt
Fundraising$23,173FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,092TotalAmt
Program Services$100ProgramServicesAmt
Management And General$192ManagementAndGeneralAmt
Fundraising$800FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,803TotalAmt
Program Services$432ProgramServicesAmt
Management And General$1,880ManagementAndGeneralAmt
Fundraising$491FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$4,500TotalAmt
Program Services$250ProgramServicesAmt
Management And General$4,000ManagementAndGeneralAmt
Fundraising$250FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,250TotalAmt
Management And General$2,250ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
REPAIRS AND MAINTENANCE$1,955$685$600$670
DUES AND SUBSCRIPTIONS$1,809$1,809

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$336TotalAmt
Program Services$104ProgramServicesAmt
Management And General$160ManagementAndGeneralAmt
Fundraising$72FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$136,518TotalAmt
Program Services$52,869ProgramServicesAmt
Management And General$46,634ManagementAndGeneralAmt
Fundraising$37,015FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
EOY$394,481EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$115,785BOYAmt
EOY$59,272EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$222,454EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$455,929EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$115,785BOYAmt
EOY$1,132,136EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$2,903EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$2,903EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$115,785BOYAmt
EOY$906,779EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
EOY$222,454EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$115,785BOYAmt
EOY$1,129,233EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$115,785BOYAmt
EOY$1,132,136EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$992,931ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$20,517NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$18,873CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$23,560CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$59,447CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$65,410CurrentTaxYearMinus1YearAmt
Current Tax Year$1,121,674CurrentTaxYearAmt
Total$1,288,964TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$18,873CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$23,560CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$59,447CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$65,410CurrentTaxYearMinus1YearAmt
Current Tax Year$1,121,674CurrentTaxYearAmt
Total$1,288,964TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$607,634SubstantialContributorsTotAmt
Public Support Total170$681,330PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$5,222CurrentTaxYearAmt
Total$5,222TotalAmt
FieldValueIRS element (for citing)
Total Support$1,294,186TotalSupportAmt
Gross Receipts Rltd Activities$1,423GrossReceiptsRltdActivitiesAmt
Public Support CY1700.52650PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Donor Advised Funds Held2DonorAdvisedFundsHeldCnt
Donor Advised Funds Contri$346,650DonorAdvisedFundsContriAmt
Donor Advised Funds Vl EOY$346,650DonorAdvisedFundsVlEOYAmt
Disclosed Org Leg Ctrl0DisclosedOrgLegCtrlInd
Disclosed For Charitable Prps0DisclosedForCharitablePrpsInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$0BeginningYearBalanceAmt
Contributions$262,116ContributionsAmt
Investment Earnings Or Losses$10,124InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,000GrantsOrScholarshipsAmt
End Year Balance$267,240EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$1,149,616TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$20,517NetUnrealizedGainsInvstAmt
Revenue Not Reported$20,517RevenueNotReportedAmt
Revenue Subtotal$1,129,099RevenueSubtotalAmt
Investment Expenses Not Incld$350InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$350RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,129,449TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$136,168TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$136,168ExpensesSubtotalAmt
Investment Expenses Not Incld2$350InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$350ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$136,518TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART V, LINE 4:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION'S QUASI ENDOWMENTS CONSIST OF VARIOUS FUNDS ESTABLISHED TO PROVIDE INCOME TO MEET THE FOUNDATION'S ANNUAL OPERATING NEETS AND TO PROVIDE FUNDS FOR ONGOING SUPPORT TO THE FARIBAULT COMMUNITY.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY IS REVIEWED WITH EVERY NEW ADVISORY COMMITTEE MEMBER, INVESTMENT COMMITTEE MEMBER OR BOARD OF DIRECTOR MEMBER AS THEY JOIN US, AND ANNUALLY IN JANUARY, THE POLICY IS REVIEWED WITH EVERYONE AND IS REQUIRED TO BE SIGNED AND ANY CONFLICTS DISCLOSED.
FORM 990, PART VI, SECTION B, LINE 15ACOMPENSATION WAS ESTABLISHED BASED ON A RANGE FOR FOUNDATION EXECUTIVE DIRECTORS, BUT ALSO THE BOARD'S KNOWLEDGE OF LOCAL MARKETS, EXPERIENCE GAINED FROM OUR EXECUTIVE DIRECTOR SEARCH, AND THE QUALITY OF OUR CANDIDATE.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).
FORM 990, PART IX, LINE 11GCONSULTING: PROGRAM SERVICE EXPENSES 23,171. MANAGEMENT AND GENERAL EXPENSES 23,202. FUNDRAISING EXPENSES 23,173. TOTAL EXPENSES 69,546.

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