BETA

EVERT FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
EVERT FOUNDATION (EIN 41-6543299)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202313199349104616
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 ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-15T13:39:02-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410971937PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FREDRIKSON & BYRON PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 S 6TH STREET SUITE 4000AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN416543299EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EVERT FOUNDATIONBusinessNameLine1Txt
Business Name Line260 SOUTH SIXTH STREETBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlEVERBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1SUITE 1500AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLINDSAY E MCCABEPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2023-11-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLINDSAYPersonFirstNm
Person LastMCCABEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOHN L NELSONPreparerPersonNm
PTINP01370507PTIN
Phone6124927000PhoneNum
Preparation2023-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$9,896,954FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$82,164InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$82,164InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$135,159DividendsRevAndExpnssAmt
Dividends Net Invst Incm$135,159DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$279,933NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,492,736GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$279,933CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$497,256TotalRevAndExpnssAmt
Total Net Invst Incm$497,256TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$68,239OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$68,239OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$6,374TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$74,613TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$68,239TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$300,600ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$300,600ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$375,213TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$68,239TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$300,600TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$122,043ExcessRevenueOverExpensesAmt
Net Investment Income$429,017NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$338,766CashBOYAmt
Cash EOY$353,206CashEOYAmt
Cash EOYFMV$353,206CashEOYFMVAmt
Corporate Stock BOY$8,029,385CorporateStockBOYAmt
Corporate Stock EOY$6,301,545CorporateStockEOYAmt
Corporate Stock EOYFMV$6,301,545CorporateStockEOYFMVAmt
Corporate Bonds BOY$3,585,195CorporateBondsBOYAmt
Corporate Bonds EOY$3,242,203CorporateBondsEOYAmt
Corporate Bonds EOYFMV$3,242,203CorporateBondsEOYFMVAmt
Total Assets BOY$11,953,346TotalAssetsBOYAmt
Total Assets EOY$9,896,954TotalAssetsEOYAmt
Total Assets EOYFMV$9,896,954TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$11,953,346NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$9,896,954NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$11,953,346TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$9,896,954TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$11,953,346TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$9,896,954TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$11,953,346TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$122,043ExcessRevenueOverExpensesAmt
Subtotal$12,075,389SubtotalAmt
Other Decreases$2,178,435OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$9,896,954TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$279,933CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5,963InvestmentIncomeExciseTaxAmt
Subtotal$5,963SubtotalAmt
Tax Based On Investment Income$5,963TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$6,500ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$6,500TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$280EsPenaltyAmt
Overpayment$257OverpaymentAmt
Applied To ES Tax$257AppliedToESTaxAmt

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 StateMNOrgReportOrRegisterStateCd
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 BooksJOHN L NELSONIndividualWithBooksNm
Phone6124927000PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line160 SOUTH SIXTH STREET SUITE 1500AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
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
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
LINDSAY E MCCABE
5321 MINNEHAHA BOULEVARDEDINAMN554241406TRUSTEE000.00$0$0$0
ANN L MCCABE
5321 MINNEHAHA BOULEVARDEDINAMN554241406TRUSTEE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

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$9,896,481AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$312,463AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$10,208,944TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$10,208,944AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$153,134CashDeemedCharitableAmt
Net Vl Noncharitable Assets$10,055,810NetVlNoncharitableAssetsAmt
Minimum Investment Return$502,791MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$502,791MinimumInvestmentReturnAmt
Tax Based On Investment Income$5,963TaxBasedOnInvestmentIncomeAmt
Total Tax$5,963TotalTaxAmt
Distributable Before Adj$496,828DistributableBeforeAdjAmt
Distributable Before Ded$496,828DistributableBeforeDedAmt
Distributable As Adjusted$496,828DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$300,600ExpensesAndContributionsAmt
Qualifying Distributions$300,600QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$496,828DistributableAsAdjustedAmt
Undistributed Income PY$214,648UndistributedIncomePYAmt
Qualifying Distributions$300,600QualifyingDistributionsAmt
Applied To Year1$214,648AppliedToYear1Amt
Applied To Current Year$85,952AppliedToCurrentYearAmt
Undistributed Income CY$410,876UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
UNIVERSITY OF ST THOMAS
2115 SUMMIT AVENUEST PAULMN55105NONEPCUNDERTOLD STORIES PROJECT$200,000
SAINT MARY'S UNIVERSITY
700 TERRACE HEIGHTSWINONAMN55987NONEPCHENDRICKSON INSTITUTE$100,000STE 21
NAMI
1919 UNIVERSITY AVENUEST PAULMN55104NONEPCGENERAL USE OF CHARITY$600STE 400
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$300,600TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$82,164ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$135,159ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$279,933ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$497,256ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$497,256TotalIncomeProducingActyAmt

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

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetPUBLICLY TRADED SECURITIESAssetDesc
How AcquiredPURCHASEHowAcquiredTxt
Gross Sales Price$2,492,736GrossSalesPriceAmt
Basis$2,212,803BasisAmt
Total Net$279,933TotalNetAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondINVESTMENT ACCOUNTBondNm
EOY Book Value$3,242,203EOYBookValueAmt
EOYFMV$3,242,203EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockINVESTMENT ACCOUNTStockNm
EOY Book Value$6,301,545EOYBookValueAmt
EOYFMV$6,301,545EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescCHANGE IN VALUE OF INVESTMENTSDesc
Amt$2,178,435Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT MANAGEMENT FEESCategoryTxt
Amt$68,239Amt
Net Investment Income$68,239NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAX ON INVESTMENT INCOMECategoryTxt
Amt$6,374Amt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.