PATRICK AND COLLEEN BOLLOM CHARITABLE TR: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
PATRICK AND COLLEEN BOLLOM CHARITABLE TR (EIN 87-6858206)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202343199349103189
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)
Return2023-11-15T11:27:17-05:00ReturnTs
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)
EIN876858206EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PATRICK AND COLLEEN BOLLOMBusinessNameLine1Txt
Business Name Line2CHARITABLE TRUSTBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPATRBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11790 BERKELEY AVENUEAddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55105ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCOLLEEN HARTMON BOLLOMPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2023-11-14SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCOLLEENPersonFirstNm
Person LastBOLLOMPersonLastNm
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
Preparation2023-11-14PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Application PendingYes (X)ApplicationPendingInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$9,408,238FMVAssetsEOYAmt
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$419InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$419InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$154,464DividendsRevAndExpnssAmt
Dividends Net Invst Incm$154,464DividendsNetInvstIncmAmt
Total Rev And Expnss$154,883TotalRevAndExpnssAmt
Total Net Invst Incm$154,883TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$4,987LegalFeesRevAndExpnssAmt
Taxes Rev And Expnss$1TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$11OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$4,999TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$430,786ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$430,786ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$435,785TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$430,786TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$280,902ExcessRevenueOverExpensesAmt
Net Investment Income$154,882NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$10,000,044CashBOYAmt
Cash EOY-$1CashEOYAmt
Sav And Temp Cash Invst EOY$64,664SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$64,664SavAndTempCashInvstEOYFMVAmt
Corporate Bonds EOY$9,343,574CorporateBondsEOYAmt
Corporate Bonds EOYFMV$9,343,574CorporateBondsEOYFMVAmt
Total Assets BOY$10,000,044TotalAssetsBOYAmt
Total Assets EOY$9,408,237TotalAssetsEOYAmt
Total Assets EOYFMV$9,408,238TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$10,000,044NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$9,408,237NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$10,000,044TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$9,408,237TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$10,000,044TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$9,408,237TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$10,000,044TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$280,902ExcessRevenueOverExpensesAmt
Subtotal$9,719,142SubtotalAmt
Other Decreases$310,905OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$9,408,237TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,153InvestmentIncomeExciseTaxAmt
Subtotal$2,153SubtotalAmt
Tax Based On Investment Income$2,153TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$2,500ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$2,500TotalPaymentsAndCreditsAmt
Overpayment$347OverpaymentAmt
Applied To ES Tax$347AppliedToESTaxAmt

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 BooksCOLLEEN HARTMON BOLLOMIndividualWithBooksNm
Phone6512535283PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11790 BERKELEY AVENUEAddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55101ZIPCd
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
PATRICK O BOLLOM
1790 BERKELEY AVENUESAINT PAULMN55105TRUSTEE000.00$0$0$0
COLLEEN HARTMON BOLLOM
1790 BERKELEY AVENUESAINT PAULMN55101TRUSTEE3.00$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$7,050,365AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,531,581AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$9,581,946TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$9,581,946AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$143,729CashDeemedCharitableAmt
Net Vl Noncharitable Assets$9,438,217NetVlNoncharitableAssetsAmt
Minimum Investment Return$471,911MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$471,911MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,153TaxBasedOnInvestmentIncomeAmt
Total Tax$2,153TotalTaxAmt
Distributable Before Adj$469,758DistributableBeforeAdjAmt
Distributable Before Ded$469,758DistributableBeforeDedAmt
Distributable As Adjusted$469,758DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$430,786ExpensesAndContributionsAmt
Qualifying Distributions$430,786QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$469,758DistributableAsAdjustedAmt
Undistributed Income PY$22,937UndistributedIncomePYAmt
Qualifying Distributions$430,786QualifyingDistributionsAmt
Applied To Year1$22,937AppliedToYear1Amt
Applied To Current Year$407,849AppliedToCurrentYearAmt
Undistributed Income CY$61,909UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerCOLLEEN AND PATRICK BOLLOMContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
WIKIMEDIA FOUNDATION
PO BOX 98204WASHINGTONDC20090NONEPCGENERAL USE OF CHARITY$1,520
ELY ADVENTURE SCHOOL
13813 OTTER RDELYMN55731NONEPCGENERAL USE OF CHARITY$100
MSS
900 OCEAN STREETST PAULMN55106NONEPCGENERAL USE OF CHARITY$1,000
NATIVITY COUNTY FAIR
1900 WELLESLEY AVEST PAULMN55105NONEPCGENERAL USE OF CHARITY$3,750
ASCENSION CATHOLIC ACADEMY
1723 BRYANT AVE NMINNEAPOLISMN55411NONEPCGENERAL USE OF CHARITY$25,000
COMMEMORATIVE AIR FORCE MN
310 AIRPORT ROADSOUTH ST PAULMN55075NONEPCGENERAL USE OF CHARITY$100HANGAR 3
CONSTELLATION FUND
729 N WASHINGTON AVEMINNEAPOLISMN55401NONEPCGENERAL USE OF CHARITY$25,0006TH FLOOR
CSCOE
6600 FRANCE AVENUE SMINNEAPOLISMN55435NONEPCGENERAL USE OF CHARITY$51,000SUITE 520
HILL-MURRAY FOUNDATION
2625 LARPENTEUR AVENUE EMAPLEWOODMN55109NONEPCGENERAL USE OF CHARITY$30,000
HOMEBOY INDUSTRIES
130 W BRUNO STREETLOS ANGELESCA90012NONEPCGENERAL USE OF CHARITY$50,000
SAINT PAUL AND MINNESOTA FOUNDATION
101 FIFTH STREET EST PAULMN55101NONEPCGENERAL USE OF CHARITY$200,000SUITE 2400
CHSFS
1605 EUSTIS STREETST PAULMN55108NONEPCGENERAL USE OF CHARITY$30,000
HILL MURRAY SCHOOL
2625 LARPENTEUR AVENUE EMAPLEWOODMN55109NONEPCGENERAL USE OF CHARITY$10,247
CIRCUS JUVENTAS
1270 MONTREAL AVEST PAULMN55116NONEPCGENERAL USE OF CHARITY$1,069
NORTHERN LIGHTS MUSIC FESTIVAL
PO BOX 147GILBERTMN55741NONEPCGENERAL USE OF CHARITY$1,000
LEUKEMIA SOCIETY
PO BOX 22324NEW YORKNY10087NONEPCGENERAL USE OF CHARITY$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$430,786TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$419ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$154,464ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$154,883ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$154,883TotalIncomeProducingActyAmt

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

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondDFA SHORT DURATIONBondNm
EOY Book Value$9,343,574EOYBookValueAmt
EOYFMV$9,343,574EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryINDIRECT LEGAL FEESCategoryTxt
Legal Fees$4,987LegalFeesAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescCHANGE IN MARKET VALUEDesc
Amt$310,905Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
$11

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT TAXES/LICENSESCategoryTxt
Amt$1Amt
Net Investment Income$1NetInvestmentIncomeAmt

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