THE OLSETH FOUNDATION DBA THE OLSETH FAMILY FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- THE OLSETH FOUNDATION DBA THE OLSETH FAMILY FOUNDATION (EIN 41-1875950)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-05-11
- IRS object ID
- 202311319349102941
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-11T13:02:30-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 861065772 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELOITTE TAX LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 SOUTH SIXTH STREET | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411875950 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE OLSETH FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | OLSE | BusinessNameControlTxt |
| Phone | 6122673287 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 CARLSON PARKWAY SUITE 1050 | AddressLine1Txt |
| City | MINNETONKA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55305 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHERYL OLSETH | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6122673287 | PhoneNum |
| Signature | 2023-05-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CHERYL | PersonFirstNm |
| Person Last | OLSETH | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KATHERINE POPPEN | PreparerPersonNm |
| PTIN | P01696738 | PTIN |
| Phone | 6123974000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $24,554,533 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $46,127 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $37,125 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $439,736 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $439,381 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$778,248 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,501,799 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | -$292,385 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $476,506 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $302,328 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $302,328 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $71,760 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $71,760 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $17,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $17,000 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $37,353 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $6,591 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $24,103 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $14,419 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $14,419 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $187,232 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $163,650 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $23,582 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $630,092 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $170,241 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $453,192 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $916,703 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $916,703 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,546,795 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $170,241 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,369,895 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,839,180 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $306,265 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,200,418 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,111,412 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,111,412 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,317,412 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,324,168 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $10,616,097 | CorporateStockBOYAmt |
| Corporate Stock EOY | $9,476,226 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $14,463,355 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $944,489 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $2,752,216 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $2,687,278 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $8,510,176 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $4,772,556 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,968,320 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $21,271,180 | TotalAssetsBOYAmt |
| Total Assets EOY | $19,429,822 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $24,554,533 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $21,271,180 | RetainedEarningBOYAmt |
| Retained Earning EOY | $19,429,822 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $21,271,180 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $19,429,822 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $21,271,180 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $19,429,822 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $21,271,180 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,839,180 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $19,432,000 | SubtotalAmt |
| Other Decreases | $2,178 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $19,429,822 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | P | $6,311,741 | $7,280,047 | -$968,306 | -$968,306 |
| RBC FINANCIAL - CAPITAL GAIN DISTRIBUTION | P | $190,058 | $190,058 | $190,058 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$778,248 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,257 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $4,257 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $4,257 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $4,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $257 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MN | OrgReportOrRegisterStateCd |
| Org Report Or Register State | OR | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | HTTP://WWW.OLSETHFAMILYFOUNDATION.ORG/ | WebsiteAddressTxt |
| Individual With Books | KAREN SOLOMON | IndividualWithBooksNm |
| Phone | 6128029751 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 CARLSON PARKWAY SUITE 1050 | AddressLine1Txt |
| City | MINNETONKA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55305 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | 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 |
|---|---|---|---|---|---|---|---|---|
| KAREN L SOLOMON | ||||||||
| 601 CARLSON PARKWAY SUITE 1050 | MINNETONKA | MN | 55305 | TREASURER | 20.00 | $100,776 | $0 | $0 |
| JON P OLSETH | ||||||||
| 601 CARLSON PARKWAY SUITE 1050 | MINNETONKA | MN | 55305 | VICE-PRESIDENT/SECRETARY | 20.00 | $100,776 | $0 | $0 |
| CHERYL A OLSETH | ||||||||
| 601 CARLSON PARKWAY SUITE 1050 | MINNETONKA | MN | 55305 | PRESIDENT | 20.00 | $100,776 | $0 | $0 |
| MARGARET CRONIN | ||||||||
| 601 CARLSON PARKWAY SUITE 1050 | MINNETONKA | MN | 55305 | ADMINISTRATIVE OFFICER | 3.60 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| RBC CAPITAL MARKETS LLC | |||||
| PO BOX 1510 | MINNEAPOLIS | MN | 55440 | WEALTH MANAGEMENT AND ADVISORY SERVICES | $163,650 |
| BRIDGEVIEW LEGAL ADVISORS | |||||
| 601 CARLSON PARKWAY SUITE 1050 | MINNETONKA | MN | 55305 | ADVISORY SERVICES | $71,760 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SEE STATEMENT 10 | Description1Txt |
| Expenses1 | $91,384 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| All Other Program Rltd Invst Tot | $0 | AllOtherProgramRltdInvstTotAmt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $25,677,381 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,161,865 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $26,839,246 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $26,839,246 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $402,589 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $26,436,657 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,321,833 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,321,833 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,257 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,257 | TotalTaxAmt |
| Distributable Before Adj | $1,317,576 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,317,576 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,317,576 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,369,895 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,369,895 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,317,576 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $30,914 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $45,656 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $11,462 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $3,395 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,490 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $92,917 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,369,895 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,317,576 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $52,319 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $145,236 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $30,914 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $114,322 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $45,656 | ExcessFromYear4Amt |
| Excess From Year3 | $11,462 | ExcessFromYear3Amt |
| Excess From Year2 | $3,395 | ExcessFromYear2Amt |
| Excess From Year1 | $1,490 | ExcessFromYear1Amt |
| Excess From Current Year | $52,319 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (47 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| AMERICAN CIVIL LIBERTIES FOUNDATION OF OREGON INC | ||||||
| PO BOX 40585 | PORTLAND | OR | 97240 | PC | OPERATING | $5,000 |
| ADVOCATES FOR HUMAN RIGHTS | ||||||
| 330 SECOND AVENUE SOUTH SUITE 800 | MINNEAPOLIS | MN | 55401 | PC | OPERATING | $42,500 |
| CHILDREN'S MUSEUM OF SOUTHERN MINNESOTA | ||||||
| 224 LAMM ST | MANKATO | MN | 56001 | PC | OPERATING | $10,000 |
| CLIMATE GENERATION A WILL STEGER LEGACY | ||||||
| 2801 21ST AVENUE SUITE 110 | MINNEAPOLIS | MN | 55407 | PC | OPERATING | $10,000 |
| COMMITTEE AGAINST DOMESTIC ABUSE INC (CADA) | ||||||
| PO BOX 466 | MANKATO | MN | 56002 | PC | OPERATING | $10,000 |
| COUNCIL OF CONTRIBUTORS INC | ||||||
| 4009 93RD AVE N | MINNEAPOLIS | MN | 55443 | PC | OPERATING | $5,000 |
| EMERGENCY COMMUNITY HELP ORGANIZATION ECHO | ||||||
| PO BOX 3212 1014 SOUTH FRONT STREET | MANKATO | MN | 56002 | PC | OPERATING | $5,000 |
| FEEDING OUR COMMUNITIES PARTNERS | ||||||
| PO BOX 5275 | MANKATO | MN | 56002 | PC | BACKPACK FOOD PROGRAM | $10,000 |
| FEED THE MASS | ||||||
| 2305 SE 50TH AVENUE SUITE 100 | PORTLAND | OR | 97215 | PC | OPERATING | $5,000 |
| FORT LEWIS COLLEGE FOUNDATION | ||||||
| 1000 RIM DRIVE | DURANGO | CO | 81301 | PC | OPERATING | $5,000 |
| FREE GEEK | ||||||
| 1731 SE 10TH AVE | PORTLAND | OR | 97214 | PC | OPERATING | $10,000 |
| FRIENDS OF THE HENNEPIN COUNTY LIBRARY | ||||||
| 300 NICOLLET MALL SUITE N-290 | MINNEAPOLIS | MN | 55401 | PC | OPERATING | $25,000 |
| FRESH ENERGY | ||||||
| 408 SAINT PETER STREET SUITE 220 | ST PAUL | MN | 55102 | PC | OPERATING | $10,000 |
| GIVING VOICE INITIATIVE | ||||||
| 7801 EAST BUSH LAKE ROAD 120 | BLOOMINGTON | MN | 55439 | PC | OPERATING | $5,000 |
| GREATER MANKATO AREA UNITED WAY INC | ||||||
| 127 S 2ND STREET SUITE 190 | MANKATO | MN | 56001 | PC | OPERATING ($15,000); BOOKS FOR KIDS PROGRAM ($17,000) | $32,000 |
| JUNGLE THEATER | ||||||
| 2951 LYNDALE AVE S | MINNEAPOLIS | MN | 55408 | PC | OPERATING | $34,000 |
| KLAMATH-SISKIYOU WILDLANDS CENTER (KS WILD) | ||||||
| PO BOX 102 | ASHLAND | OR | 97520 | PC | OPERATING | $5,000 |
| MANKATO AREA FOUNDATION | ||||||
| 212 E WALNUT STREET | MANKATO | MN | 56001 | PC | OPERATING ($17,000); LEVEL 2 CHARGER ($5,000) | $22,000 |
| MEALS ON WHEELS PEOPLE INC | ||||||
| 7710 SW 31ST AVENUE | PORTLAND | OR | 97219 | PC | OPERATING | $21,000 |
| MINNESOTA ENGAGEMENT ON SHELTER & HOUSING | ||||||
| 740 EAST 17TH ST | MINNEAPOLIS | MN | 55404 | PC | OPERATING | $5,000 |
| MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED | ||||||
| 309 WIGLEY ADMINISTRATION CENTER | MANKATO | MN | 56001 | PC | STUDENT SCHOLARSHIPS ($5,000); AUTOMOTIVE TECHNOLOGY ($15,000); THEATRE ($2,000) | $22,000 |
| MULTNOMAH ARTS CENTER ASSOCIATION | ||||||
| 7688 SW CAPITOL HWY | PORTLAND | OR | 97219 | SO I | ART PODS | $5,000 |
| MANKATO YOUTH PLACE INC (MY PLACE) | ||||||
| 709 S BROAD ST | MANKATO | MN | 56001 | PC | GENERAL OPERATING | $5,000 |
| NEIGHBORHOOD HOUSE INC | ||||||
| 7780 SW CAPITOL HWY | PORTLAND | OR | 97219 | PC | OPERATING | $5,000 |
| OFF THE BLUE COUCH | ||||||
| 3119 IRVING AVENUE NORTH | MINNEAPOLIS | MN | 55411 | PC | OPERATING | $10,000 |
| OPEN DOOR HEALTH CENTER | ||||||
| 309 HOLLY LANE | MANKATO | MN | 56001 | PC | OPERATING | $5,000 |
| OREGON FOOD BANK INC | ||||||
| 7900 NE 33RD DRIVE | PORTLAND | OR | 97211 | PC | OPERATING | $20,000 |
| OREGON PUBLIC BROADCASTING | ||||||
| 7140 SW MACADAM AVENUE | PORTLAND | OR | 97219 | PC | OPERATING | $10,000 |
| OREGON NATURAL RESOURCES COUNCIL FUND (OREGON WILD) | ||||||
| 5825 N GREELEY AVE | PORTLAND | OR | 97217 | PC | OPERATING | $35,000 |
| OREGON WILDLIFE FOUNDATION | ||||||
| 901 SE OAK STREET SUITE 103 | PORTLAND | OR | 97214 | PC | WILDLIFE FEASIBILITY STUDY | $25,000 |
| PEAR | ||||||
| 338 NW 6TH AVE | PORTLAND | OR | 97209 | PC | OPERATING | $10,000 |
| PEOPLE SERVING PEOPLE INC | ||||||
| 614 3RD STREET S | MINNEAPOLIS | MN | 55415 | PC | OPERATING | $20,000 |
| PLANNED PARENTHOOD COLUMBIA WILLAMETTE | ||||||
| 3727 NE MARTIN LUTHER KING JR BLVD | PORTLAND | OR | 97212 | PC | OPERATING | $15,000 |
| PLANNED PARENTHOOD NORTH CENTRAL STATES | ||||||
| 671 VANDALIA ST | ST PAUL | MN | 55114 | PC | OPERATING ($30,000); UPTOWN CLINIC ($20,000) | $50,000 |
| PATH HOME (FORMERLY PHFS) | ||||||
| 6220 SE 92ND AVE | PORTLAND | OR | 97266 | PC | ADOPT-A-ROOM PROGRAM ($10,000); PREVENTION PROGRAM ($20,000) | $30,000 |
| RECHARGE AMERICA INC | ||||||
| 88 DOMINGA AVE | FAIRFAX | CA | 94930 | PC | AMERICA/ MINNESOTA/ MANKATO | $90,000 |
| RIVERLAND COMMUNITY COLLEGE FOUNDATION | ||||||
| 1900 EIGHTH AVENUE NORTHWEST | AUSTIN | MN | 55912 | PC | SCHOLARSHIPS ($5,000); THEATER ($2,000) | $7,000 |
| FRIENDS OF SATURDAY ACADEMY | ||||||
| 5000 N WILLAMETTE BLVD | PORTLAND | OR | 97203 | PC | GENERAL OPERATING ($20,000), ASE PROGRAM ($10,000), STEAM INTERNSHIPS ($5,000) | $35,000 |
| ST OLAF COLLEGE | ||||||
| 1520 ST OLAF AVENUE | NORTHFIELD | MN | 55057 | PC | SCHOLARSHIP FUND | $60,000 |
| THE HISTORY THEATRE INC | ||||||
| 30 E 10TH ST | ST PAUL | MN | 55101 | PC | OPERATING | $10,000 |
| THE LIBRARY FOUNDATION INC SERVING THE PEOPLE OF MULTNOMAH COUNTY | ||||||
| 620 SW FIFTH AVENUE SUITE 1025 | PORTLAND | OR | 97204 | PC | OPERATING | $30,000 |
| THE NATURE CONSERVANCY | ||||||
| 1101 W RIVER PARKWAY 200 | MINNEAPOLIS | MN | 55415 | PC | NATURAL CLIMATE SOLUTIONS | $10,000 |
| UNITED NEGRO COLLEGE FUND INC (UNCF) | ||||||
| 1805 7TH STREET NW | WASHINGTON | DC | 20001 | PC | OPERATING | $3,000 |
| UNIVERSITY OF MINNESOTA FOUNDATION | ||||||
| 200 OAK STREET SE | MINNEAPOLIS | MN | 55455 | PC | RAPTOR CENTER FUND ($5,000); CENTER FOR FOREST ECOLOGY ($10,000), STUDENT HELP CENTER ($1,202.86), OLSETH SCHOLARSHIP FUND ($2,000) | $18,203 |
| UNIVERSITY OF WISCONSIN FOUNDATION | ||||||
| 1848 UNIVERSITY AVENUE | MADISON | WI | 53726 | PC | PREDATOR RESEARCH | $5,000 |
| VINE FAITH IN ACTION | ||||||
| 421 E HICKORY ST | MANKATO | MN | 56001 | PC | OPERATING | $5,000 |
| WORLD WILDLIFE FUND INC (WWF) | ||||||
| 1250 24TH ST NW | WASHINGTON | DC | 20037 | PC | OPERATING | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $916,703 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $46,127 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $439,736 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$778,248 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$292,385 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$292,385 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $17,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $17,000 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
| Amt | $0 | Amt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| SUMMARY OF DIRECT CHARITABLE ACTIVITY | FORM 990-PF, PART IX-A, LINE 1 | THE OLSETH FOUNDATION CONTINUED TO ENGAGE IN SEVERAL DIRECT CHARITABLE ACTIVITIES DURING THE YEAR 2022. LED BY BOARD MEMBER/OFFICER JON OLSETH, THE OLSETH FOUNDATION HAS BEEN ACTIVELY ENGAGED WITH THE WORK OF RECHARGE AMERICA (HTTPS://WWW.RECHARGE-MINNESOTA.ORG) SINCE ITS INCEPTION. THE MISSION OF RECHARGE AMERICA IS TO ACCELERATE THE ADOPTION OF ELECTRIC VEHICLES (EV) AND SUPPORT EXPANDED INFRASTRUCTURE DEVELOPMENT THROUGH THE UTILIZATION OF HIGH-IMPACT COMMUNITY ENGAGEMENT. IN 2018, MINNESOTA STATE UNIVERSITY HOSTED THE FIRST ANNUAL RECHARGE RIDE & DRIVE EVENT IN MANKATO, MINNESOTA, GATHERING SUPPORT FOR EV ADOPTION FROM A WIDE VARIETY OF COMMUNITY STAKEHOLDERS. RECHARGE MINNESOTA HAS CONTINUED TO BUILD MOMENTUM AND EXPAND EACH YEAR. IN 2022, RECHARGE MINNESOTA'S COMMUNITY ENGAGEMENT INCLUDED: RECHARGE MANKATO PLANNED AND DELIVERED THE FOURTH ANNUAL EVENT RECHARGE NORTHFIELD PLANNED AND DELIVERED THE SECOND ANNUAL EVENT RECHARGE ST. CLOUD LAUNCHED AND DELIVERED THE FIRST ANNUAL EVENT RECHARGE ALBERT LEA LAUNCHED AND INITIATED THE FIRST ANNUAL EVENT INITIATED CONVERSATIONS WITH HALLOCK, DULUTH, ROCHESTER, AND ELK RIVER $25,000 DONATIONS MADE TO LOCAL YOUTH PROGRAMS AND COMMUNITY FOUNDATIONS EACH EV EXPO FOSTERS EV ADOPTION AND AWARENESS. RECHARGE MINNESOTA SEEKS TO CAPTURE THE FULL "ELECTRIC ECOSYSTEM" BY CREATING A SPACE TO EXPLORE A VARIETY OF HAND SON EXPERIENCES THAT INCLUDES TEST DRIVING THE LATEST EV MODELS, INTERACTING WITH CHARGING OPTIONS, ELECTRIC BIKES, AND OTHER FORMS OF ELECTRIC MOBILITY, WHILE LEARNING FROM INDUSTRY EXPERTS AND LOCAL EV OWNERS ABOUT THE BENEFITS OF DRIVING ELECTRIC.ALSO IN 2022, RECHARGE MINNESOTA EXPANDED THE STATE-WIDE RECOGNITION PROGRAM, OBTAINED ADDITIONAL FOUNDATION SUPPORT FROM THE MCKNIGHT FOUNDATION, CAROLYN FOUNDATION, AND SCHMIDTKE FAMILY FOUNDATION, CONTINUED STRATEGIC PROGRAMMING PARTNERSHIPS (FRESH ENERGY; THE INITIATIVE FOUNDATION, THE MANKATO FOUNDATION, AND NORTHFIELD SHARES), AND SCHEDULED FUTURE EVENTS IN MINNESOTA, SOUTHERN ILLINOIS, AND MASSACHUSETTS. IN 2022, BOARD MEMBER/OFFICER CHERYL OLSETH EXPANDED THE FOUNDATION'S INVOLVEMENT IN SUPPORT OF INTERNATIONAL HUMAN RIGHTS. AS A REPRESENTATIVE OF THE ADVOCATES FOR HUMAN RIGHTS, SHE PROVIDED TWO ORAL STATEMENTS AT THE UNITED NATION'S SIXTY-SIXTH COMMISSION ON THE STATUS OF WOMEN. IN ADDITION, SHE HOSTED TWO LOCAL EVENTS TO PROMOTE THE PROGRAMS OF THE ADVOCATES FOR HUMAN RIGHTS, SPECIFICALLY FOCUSING ON EFFORTS TO DOCUMENT HUMAN RIGHTS ABUSES IN UKRAINE.THESE DIRECT CHARITABLE ACTIVITIES FURTHER THE EXEMPT PURPOSES OF THE OLSETH FOUNDATION. |
| CHARITABLE MISSION OF THE OLSETH FOUNDATION | FORM 990-PF | THE CHARITABLE MISSION OF THE OLSETH FOUNDATION IS TO WORK TO IMPROVE OUR COMMUNITIES THROUGH SUPPORT OF THE ARTS, EDUCATION, THE ENVIRONMENT, AND THE UNDERSERVED. THE OLSETH FOUNDATION BOARD MEMBERS DEMONSTRATE THEIR COMMITMENT TO THE FOUR PILLARS OF THEIR MISSION THROUGH BOARD SERVICE AND COLLABORATION WITH OTHER CHARITABLE ORGANIZATIONS WHOSE CHARITABLE OBJECTIVES ARE SIMILAR IN FOCUS. BOARD MEMBERS OF THE OLSETH FOUNDATION SERVE AS BOARD MEMBERS OR ADVISORS OF WORLD WILDLIFE FUND (WWF), WWF NORTHERN GREAT PLAINS, PLANNED PARENTHOOD NORTH CENTRAL STATES, THE ADVOCATES FOR HUMAN RIGHTS, CLIMATE GENERATION, AND RECHARGE AMERICA. IN PARTNERSHIP WITH THEIR GRANTEES, THEY DEVELOP CONTENT ON ELECTRIC VEHICLE USE, FOOD INSECURITY, HUMAN RIGHTS, AND RACIAL INJUSTICE. THEY ARE LEADERS IN THE EFFORT TO EXPAND THE ADOPTION OF ELECTRIC VEHICLES IN THE COMMUNITY OF MANKATO, THROUGHOUT THE STATE OF MINNESOTA, AND NATIONALLY. IN 2022, THE OLSETH FOUNDATION CONTINUED TO STREAMLINE ITS CHARITABLE ACTIVITIES AROUND FIVE INITIATIVES THAT ALIGN DIRECTLY WITH ITS MISSION, INCLUDING: SPECIES CONSERVATION, CARBON REDUCTION AND CLEAN ENERGY, ENGENDERING DIGNITY, RESPECT AND EQUALITY, SECURING FOOD AND HOUSING, AND USING ART, CULTURE, LITERATURE, AND EXTRACURRICULAR EXPERIENCES TO BROADEN PERSPECTIVES.PLEASE VISIT WWW.OLSETHFAMILYFOUNDATION.ORG FOR MORE INFORMATION ABOUT THE INITIATIVES, CHARITABLE PARTNERSHIPS AND COLLABORATIONS OF THE OLSETH FOUNDATION. |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (9 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| JP MORGAN STRATEGIC INCOME OPPS | $750,000 | $744,638 |
| SCHWAB HYBRID PREFERRED | $201,250 | $196,000 |
| TRUIST HYBRID PREFERRED | $199,500 | $191,220 |
| COMERICA HYBRID PREFERRED | $201,000 | $192,980 |
| FIDELITY FLOATING RATE HIGH INCOME | $476,046 | $464,389 |
| FIRST TRUST PREFERRED | $167,332 | $168,000 |
| SPDR INV. GRADE FLOATING RATE | $151,100 | $151,950 |
| SPDR BLACKSTONE SR. LOAN | $205,988 | $204,500 |
| DEER PARK TOTAL RETURN CREDIT | $400,000 | $373,601 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (24 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| APPLE INC | $315,226 | $1,689,090 |
| BERKSHIRE HATHAWAY INC DEL CL B | $259,556 | $617,800 |
| BROWN ADVISORY SUSTAINABLE GROWTH FUND INST CLASS | $618,256 | $1,290,561 |
| QUALCOMM INC | $148,310 | $329,820 |
| STARBUCKS CORP | $97,407 | $173,600 |
| SURMODICS INC | $344,982 | $494,467 |
| TORO CO | $256,920 | $905,600 |
| TOUCHSTONE MID CAP FUND GROUP TR MID CAP FD Y | $454,181 | $745,778 |
| VANGUARD INDEX FUNDS VANGUARD MIDCAP ETF | $145,995 | $254,763 |
| VANGUARD INDEX FUNDS VANGUARD GROWTH ETF | $276,826 | $532,775 |
| VANGUARD INDEX FUNDS VANGUARD SMALLCAP ETF | $272,005 | $458,850 |
| VANGUARD SPECIALIZED FUNDS VANGUARD DIVIDEND APPRECIATION ETF | $226,309 | $455,550 |
| BANK OF MONTREAL | $104,484 | $181,200 |
| MEDTRONIC PLC COM | $832,347 | $854,920 |
| MFS SER TR X INTERNATIONAL DIVERSIFICATION FUND CL I | $1,440,155 | $1,811,144 |
| NVENT ELECTRIC PLC ORDINARY SHARES | $41,545 | $96,175 |
| PENTAIR PLC SHS | $81,957 | $112,450 |
| TOUCHSTONE STRATEGIC TR SNDS CAP EMRNG MKTS GRWTH CL Y | $575,000 | $536,162 |
| TOUCHSTONE STRATEGIC TR GLOBAL ESG EQUITY FUND CLASS Y | $1,109,845 | $1,041,720 |
| INVESCO NASDAQ NEXT GEN 100 ETF | $247,101 | $239,100 |
| PACER US SMALL CAP CASH COW ETF | $748,096 | $719,000 |
| PACER US CASH COW 100 ETF | $650,788 | $693,750 |
| ECOLAB | $109,620 | $109,170 |
| MICROSOFT | $119,315 | $119,910 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,317,412 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,324,168 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (12 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MFS TOTAL RETURN BOND FUND CL I | AT COST | $264,905 | $234,693 |
| WELLS FARGO & CO | AT COST | $50,040 | $49,907 |
| APPLE INC | AT COST | $99,640 | $99,199 |
| LEUCADIA NATL CORP SR NT | AT COST | $47,250 | $50,000 |
| AMERICAN EXPRESS CO | AT COST | $100,979 | $97,407 |
| BANK OF NOVA SCOTIA | AT COST | $109,252 | $107,906 |
| CITIGROUP INC | AT COST | $101,463 | $98,416 |
| LAZARD GROUP LLC SR NT | AT COST | $99,430 | $92,456 |
| DWS RREEF REAL ASSETS FUND INST | AT COST | $871,917 | $1,002,246 |
| FIRST EAGLE GLOBAL FUND CL I | AT COST | $1,115,010 | $1,219,198 |
| THORNBURG INVT TR INVT INCOME BUILDER FD CL I | AT COST | $1,337,670 | $1,419,134 |
| MFS SER TR XIII GLOBAL REAL ESTATE FD CL I | AT COST | $575,000 | $497,758 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $71,760 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $71,760 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COST BASIS ADJUSTMENT | Desc |
| Amt | $2,178 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| RBC MANAGEMENT FEES | $163,409 | $163,409 | $0 |
| RBC INVESTMENT FEES | $241 | $241 | $0 |
| EVENT EXPENSES | $1,384 | $0 | $1,384 |
| DUES & SUBSCRIPTIONS | $2,290 | $0 | $2,290 |
| OFFICE EXPENSES | $660 | $0 | $660 |
| OTHER GENERAL AND ADMIN EXPENSES | $3,473 | $0 | $3,473 |
| PROFESSIONAL FEES - WEB DESIGN | $15,775 | $0 | $15,775 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OR SECRETARY OF STATE FEE | $50 | $0 | $50 |
| FOREIGN TAX PAID | $1,257 | $6,591 | $0 |
| FEDERAL PAYMENTS | $11,993 | $0 | $0 |
| PAYROLL TAXES | $24,053 | $0 | $24,053 |
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