CAROLYN M AND LEARY E PETERSON FAMILY FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CAROLYN M AND LEARY E PETERSON FAMILY FOUNDATION INC (EIN 39-1936484)
Tax period
2023-06-01 to 2024-05-31
Filed
2024-11-13
IRS object ID
202423189349102317
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-13T13:23:36-05:00ReturnTs
Tax Period End2024-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN391769340PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COLLINS & ASSOCIATES SCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 120AddressLine1Txt
CityPRAIRIE DU CHIENCityNm
State AbbreviationWIStateAbbreviationCd
ZIP538210120ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN391936484EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CAROLYN M & LEARY E PETERSON FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCAROBusinessNameControlTxt
Phone6083266496PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1110 EAST HAYDN STAddressLine1Txt
CityPRAIRIE DU CHIENCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53821ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTHOMAS F PETERSONPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone6083266496PhoneNum
Signature2024-11-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCOLLINS ASSOCIATES SCPreparerPersonNm
PTINP00146637PTIN
Phone6083266456PhoneNum
Preparation2024-11-08PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,003,842FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$22,464DividendsRevAndExpnssAmt
Dividends Net Invst Incm$22,464DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$3,338NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$56,565GrossSalesPriceAmt
Total Rev And Expnss$19,126TotalRevAndExpnssAmt
Total Net Invst Incm$22,464TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$10,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$10,000CompOfcrDirTrstNetInvstIncmAmt
Legal Fees Rev And Expnss$975LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$1,850AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$240TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$13,065TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,000TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$45,016ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$45,016ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$58,081TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,000TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$45,016TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$38,955ExcessRevenueOverExpensesAmt
Net Investment Income$12,464NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,933CashBOYAmt
Cash EOY$1,801CashEOYAmt
Cash EOYFMV$1,801CashEOYFMVAmt
Corporate Stock BOY$432,558CorporateStockBOYAmt
Corporate Stock EOY$393,735CorporateStockEOYAmt
Corporate Stock EOYFMV$1,002,041CorporateStockEOYFMVAmt
Total Assets BOY$434,491TotalAssetsBOYAmt
Total Assets EOY$395,536TotalAssetsEOYAmt
Total Assets EOYFMV$1,003,842TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$434,491CapitalStockBOYAmt
Capital Stock EOY$395,536CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$434,491TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$395,536TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$434,491TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$395,536TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$434,491TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$38,955ExcessRevenueOverExpensesAmt
Subtotal$395,536SubtotalAmt
Tot Net Ast Or Fund Balances EOY$395,536TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
KENVUE INCP2011-10-112023-08-25$6$2$4$4
AT&T INCP2011-10-112023-05-20$6,722$8,646-$1,924-$1,924
VERIZON COMM.P2011-10-112023-05-20$46,775$40,402$6,373$6,373
WARNER BROS DISCOVERY INCP2011-10-112023-05-20$3,062$10,853-$7,791-$7,791
FieldValueIRS element (for citing)
Capital Gain Net Income-$3,338CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$173InvestmentIncomeExciseTaxAmt
Subtotal$173SubtotalAmt
Tax Based On Investment Income$173TaxBasedOnInvestmentIncomeAmt
Tax Due$173TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateWIOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksTHOMAS F PETERSONIndividualWithBooksNm
Phone6083266496PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1110 E HAYDN STAddressLine1Txt
CityPRAIRIE DU CHIENCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53821ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
CAROLE SAYER
20890 CHANNEL DREXCELSIORMN55331DIRECTOR000.00$2,000$0$0
JOE MULLEN
662 JENISA DRST CLOUDMN56301DIRECTOR000.00$2,000$0$0
THOMAS F PETERSON
110 E HAYDN STPRAIRIE DU CHIENWI53821DIRECTOR000.00$2,000$0$0
MARY JO RUHL
2740 NICHOLS LANEDAVENPORTIA52803DIRECTOR000.00$2,000$0$0
JOHN L PETERSON
4814 CHAMPIONS RUNMIDDLETONWI53562DIRECTOR000.00$2,000$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE FOUNDATION MAKES CHARITABLE CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS.Description1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$992,872AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$11,587AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,004,459TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,004,459AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,067CashDeemedCharitableAmt
Net Vl Noncharitable Assets$989,392NetVlNoncharitableAssetsAmt
Minimum Investment Return$49,470MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$49,470MinimumInvestmentReturnAmt
Tax Based On Investment Income$173TaxBasedOnInvestmentIncomeAmt
Total Tax$173TotalTaxAmt
Distributable Before Adj$49,297DistributableBeforeAdjAmt
Distributable Before Ded$49,297DistributableBeforeDedAmt
Distributable As Adjusted$49,297DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$45,016ExpensesAndContributionsAmt
Qualifying Distributions$45,016QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$49,297DistributableAsAdjustedAmt
Undistributed Income PY$7,430UndistributedIncomePYAmt
Qualifying Distributions$45,016QualifyingDistributionsAmt
Applied To Year1$7,430AppliedToYear1Amt
Applied To Current Year$37,586AppliedToCurrentYearAmt
Undistributed Income CY$11,711UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
HOLY FAMILY CATHOLIC SCHOOL
515 N BEAUMONT RDPRAIRIE DU CHIENWI53821GENERAL DONATION$4,379
ST MARY'S ELEMENTARY SCHOOL
823 1ST ST SST CLOUDMN56301GENERAL DONATION$3,126
FATHER FAGAN
PO BOX 157PRAIRIE DU CHIENWI53821GENERAL DONATION$2,500
ANNA MARIE'S SHELTER
505 10TH AVE NEST CLOUDMN56301GENERAL DONATION$3,126
ALLEGRO ORGANIZATIONAL SOLUTIONS
5535 MEMORIAL DRHOUSTONTX77007GENERAL CONTRIBUTION$2,500STE F-811
SOUTHWEST OPTIONS FOR WOMEN
574 PRAIRIE CENTER DREDEN PRAIRIEMN55344GENERAL DONATION$4,690
MINNETONKA PUBLIC SCHOOLS
5621 COUNTY RD 101MINNETONKAMN55345GENERAL DONATION$3,126
STUDENTS FOR LIFE OF AMERICA
4755 JEFFERSON DAVIS HWYFREDERICKSBURGVA22408GENERAL DONATION$4,690
Y2 BELIEVE INC
16295 S TAMIAMI TRLFORT MYERSFL33908GENERAL DONATION$5,000STE 195
COVENANT CHURCH OF NAPLES
6926 TRAIL BLVDNAPLESFL34108GENERAL DONATION$1,879
COMMUNITY HEALTH SERVICES
700 S FREEMONT STPRAIRIE DU CHIENWI53821GENERAL DONATION$5,000
J-WALKERS INC
96 CRICKET AVEBOYERTOWNPA19512GENERAL DONATION$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$45,016TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$22,464ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$3,338ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescOTHER REVENUEDesc
Exclusion18ExclusionCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$19,126ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$19,126TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$1,850Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (14 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMAZON COM INC$60,023$105,864
APPLE INC$49,948$293,758
AT&T INC
CATERPILLAR, INC$20,933$84,630
CHEVRON CORP$55,561$80,825
COCA-COLA CO$26,897$44,114
INTEL CORP$40,433$51,489
JOHNSON & JOHNSON CO$19,329$44,148
KENUE INC$23,582$26,113
MERCK & CO INC$36,630$150,899
PFIZER INC$36,913$60,473
PROCTER & GAMBLE CO$23,486$59,728
VERIZON COMMUNICATIONS
WARNER BROS DISCOVERY INC

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryINDIRECT LEGAL FEESCategoryTxt
Legal Fees$975LegalFeesAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc
EXPENSES
MISC EXP
CHECK ORDER

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT TAXES/LICENSESCategoryTxt
Amt$240Amt

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