MICHAEL J AND KAREN B FREY FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- MICHAEL J AND KAREN B FREY FOUNDATION (EIN 75-3140739)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-12-08
- IRS object ID
- 202203429349100310
- Schema version
- 2021v4.2
- 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
- Investments Corp Stock Schedule
- Other Decreases Schedule
- Other Income Schedule2
- Reasonable Cause Explanation
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-12-08T13:04:14-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410975573 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REDPATH AND COMPANY LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4810 WHITE BEAR PARKWAY | AddressLine1Txt |
| City | WHITE BEAR LAKE | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 753140739 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL J & KAREN B FREY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MICH | BusinessNameControlTxt |
| Phone | 9524760301 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 980 E SHADY LANE | AddressLine1Txt |
| City | WAYZATA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55391 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL J FREY | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 9524760301 | PhoneNum |
| Signature | 2022-12-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | FREY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ASHLEY REHN CPA | PreparerPersonNm |
| PTIN | P00965922 | PTIN |
| Phone | 6514267000 | PhoneNum |
| Preparation | 2022-12-02 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $12,249,211 | 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 |
| Dividends Rev And Expnss | $120,226 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $120,226 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$10,033 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $193,617 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $39,679 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $39,679 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $149,872 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $159,905 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $1,625 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $813 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $812 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $1,555 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,180 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $813 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $812 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $568,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $568,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $571,680 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $813 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $569,312 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$421,808 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $159,092 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $296,900 | CashBOYAmt |
| Cash EOY | $7,935 | CashEOYAmt |
| Cash EOYFMV | $7,935 | CashEOYFMVAmt |
| Corporate Stock BOY | $2,914,797 | CorporateStockBOYAmt |
| Corporate Stock EOY | $2,714,913 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $12,241,276 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $88,278 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $0 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $3,299,975 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,722,848 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $12,249,211 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $3,299,975 | CapitalStockBOYAmt |
| Capital Stock EOY | $2,722,848 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,299,975 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,722,848 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,299,975 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,722,848 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,299,975 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$421,808 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $2,878,167 | SubtotalAmt |
| Other Decreases | $155,319 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,722,848 | 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 | $166,256 | $203,650 | -$37,394 | -$37,394 |
| AMERICA2020 FILM LLC | P | $27,361 | $27,361 | $27,361 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$10,033 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,211 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,211 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,211 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,640 | 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 | $1,640 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $50 | EsPenaltyAmt |
| Tax Due | $621 | 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 | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MN | 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 | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL J AND KAREN B FREY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9524760301 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 980 E SHADY LANE | AddressLine1Txt |
| City | WAYZATA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55391 | 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 | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| 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 (5 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 |
|---|---|---|---|---|---|---|---|---|
| MICHAEL J FREY | ||||||||
| 745 FERNDALE ROAD NORTH | WAYZATA | MN | 55391 | TREASURER/PRESIDENT | 1.00 | $0 | $0 | $0 |
| KAREN B FREY | ||||||||
| 745 FERNDALE ROAD NORTH | WAYZATA | MN | 55391 | SECRETARY/DIRECTOR | 1.00 | $0 | $0 | $0 |
| DAVID J FREY | ||||||||
| 745 FERNDALE ROAD NORTH | WAYZATA | MN | 55391 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| SARA J FREY | ||||||||
| 745 FERNDALE ROAD NORTH | WAYZATA | MN | 55391 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MICHAEL B FREY | ||||||||
| 745 FERNDALE ROAD NORTH | WAYZATA | MN | 55391 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $11,047,802 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $322,302 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $11,370,104 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $11,370,104 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $170,552 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $11,199,552 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $559,978 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $559,978 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,211 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,211 | TotalTaxAmt |
| Distributable Before Adj | $557,767 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $557,767 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $557,767 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $569,312 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $569,312 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $557,767 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,751 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $23,296 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $17,739 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $691 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $19,358 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $62,835 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $569,312 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $557,767 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $11,545 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $74,380 | 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 | $1,751 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $72,629 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $23,296 | ExcessFromYear4Amt |
| Excess From Year3 | $17,739 | ExcessFromYear3Amt |
| Excess From Year2 | $691 | ExcessFromYear2Amt |
| Excess From Year1 | $19,358 | ExcessFromYear1Amt |
| Excess From Current Year | $11,545 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | MICHAEL J FREY | ContributingManagerNm |
| Contributing Manager | KAREN B FREY | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (26 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ALPHA NEWS | |||||||
| 13033 RIDGEDALE DR 101 | MINNETONKA | MN | 55305 | NONE | PC | GENERAL | $25,000 |
| ANIMAL HUMANE SOCIETY | |||||||
| 845 MEADOW LANE NORTH | GOLDEN VALLEY | MN | 55422 | NONE | PC | GENERAL | $500 |
| CATHOLIC CHARITIES OF TWIN CITIES | |||||||
| 1200 SECOND AVENUE SOUTH | MINNEAPOLIS | MN | 55403 | NONE | PC | GENERAL | $5,000 |
| CENTER FOR AMERICAN EXPERIMENT | |||||||
| 8421 WAYZATA BLVD 110 | GOLDEN VALLEY | MN | 55426 | NONE | PC | GENERAL | $100,000 |
| CHILDRENS HEALTH CARE FOUNDATION | |||||||
| 5901 LINCOLN DRIVE | EDINA | MN | 55436 | NONE | PC | GENERAL | $1,000 |
| CROOK COUNTY FIRE FUND | |||||||
| PO BOX 995 | SUNDANCE | WY | 82729 | NONE | PC | GENERAL | $20,000 |
| CROOK COUNTY SCHOOL DISTRICT | |||||||
| PO BOX 1360 | SUNDANCE | WY | 82729 | NONE | GOV | GENERAL | $25,000 |
| CROOK COUNTY MEDICAL FOUNDATION | |||||||
| PO BOX 1360 | SUNDANCE | WY | 82729 | NONE | PC | GENERAL | $25,000 |
| PROVIDENCE ACADEMY | |||||||
| 15100 SCHMIDT LAKE ROAD | PLYMOUTH | MN | 55446 | NONE | PC | GENERAL | $145,000 |
| ED CHOICE | |||||||
| 111 MONUMENT CIRCLE 2650 | INDIANAPOLIS | IN | 46209 | NONE | PC | GENERAL | $25,000 |
| EVANS SCHOLARS FOUNDATION | |||||||
| 2501 PATRIOT BOULEVARD | GLENVIEW | IL | 60026 | NONE | PC | GENERAL | $1,000 |
| FOLDS OF HONOR | |||||||
| 5800 N PATRIOT DRIVE | OWASSO | OK | 74055 | NONE | PC | GENERAL | $16,500 |
| GLEASON LAKE ELEMENTARY | |||||||
| 310 COUNTY ROAD 101 N | PLYMOUTH | MN | 55447 | NONE | PC | GENERAL | $500 |
| HOPE CHEST | |||||||
| 3850 SHORELINE DRIVE | ORONO | MN | 55391 | NONE | PC | GENERAL | $5,000 |
| INSTITUTE FOR JUSTICE | |||||||
| 901 N GLEBE ROAD 900 | ARLINGTON | VA | 22203 | NONE | PC | GENERAL | $50,000 |
| MN VOTERS ALLIANCE | |||||||
| PO BOX 4602 | ST PAUL | MN | 55104 | NONE | PC | GENERAL | $25,000 |
| NAPLES BOTANICAL GARDENS | |||||||
| 4820 BAYSHORE DRIVE | NAPLES | FL | 34112 | NONE | PC | GENERAL | $300 |
| SAINT BARTHOLOMEW OF WAYZATA | |||||||
| 630 WAYZATA BLVD E | WAYZATA | MN | 55391 | NONE | PC | GENERAL | $25,000 |
| ST LUKES & JAMES EPISOPAL CHURCH | |||||||
| 4557 COLFAX AVENUE SOUTH | MINNEAPOLIS | MN | 55410 | NONE | PC | GENERAL | $500 |
| THE BELIEVE FOUNDATION | |||||||
| 1907 WAYZATA BOULEVARD 180 | WAYZATA | MN | 55391 | NONE | PC | GENERAL | $1,000 |
| TREEHOUSE | |||||||
| 5757 WAYZATA BLVD | MINNEAPOLIS | MN | 55416 | NONE | PC | GENERAL | $11,000 |
| WAYZATA COMMUNITY CHURCH | |||||||
| 125 WAYZATA BOULEVARD EAST | WAYZATA | MN | 55391 | NONE | PC | GENERAL | $1,000 |
| BENILDE ST MARGARET'S | |||||||
| 2501 HIGHWAY 100 SOUTH | ST LOUIS PARK | MN | 55416 | NONE | PC | GENERAL | $5,000 |
| PARK NICOLLET FOUNDATION | |||||||
| 6500 EXCELSIOR BLVD | ST LOUIS PARK | MN | 55426 | NONE | PC | GENERAL | $200 |
| GIVING WOMN | |||||||
| 101 FIFTH ST E 2400 | ST PAUL | MN | 55101 | NONE | PC | GENERAL | $5,000 |
| UMLC | |||||||
| 8421 WAYZATA BLVD 300 | GOLDEN VALLEY | MN | 55426 | NONE | PC | GENERAL | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $568,500 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $120,226 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$10,033 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | AMERICA2020 FILM LLC | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $39,679 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $149,872 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $149,872 | 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 | CategoryTxt |
| Amt | $1,625 | Amt |
| Net Investment Income | $813 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $812 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BERKSHIRE HATHAWAY | $1,119,761 | $3,605,296 |
| SPDR S&P 500 TR | $1,409,207 | $7,124,400 |
| UNION SPECIFIC | $185,945 | $1,511,580 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | IRC 752(B) BASIS ADJUSTMENT | Desc |
| Amt | $155,319 | Amt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | AMERICA2020 FILM LLC | Desc |
| Revenue And Expenses Per Books | $39,679 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $39,679 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $39,679 | AdjustedNetIncomeAmt |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | DUE TO SERVICES ISSUES IMPOSED BY THE PANDEMIC AND STAFFING SHORTAGES. THE MICHAEL J. & KAREN B. FREY FOUNDATION WAS REQUIRED TO TRANSITION THE PREPARATION OF ITS ANNUAL FORM 990-PF FILING FROM THEIR FORMER CPA TO A NEW PROVIDER DURING 2022. THIS TRANSITION LEAD TO DELAYS IN SERVICE AS A NEW CPA FIRM WAS IDENTIFIED AND ENGAGED FOR PREPARATION, DOCUMENTS WERE COLLECTED TO AID IN THE PREPARATION AND THE RETURN WAS FINALIZED FOR FILING. NOW THAT A NEW CPA FIRM IS ENGAGED AND THE INFORMATION WILL BE AVAILABLE FOR PREPARATION ON A TIMELY BASIS THE FOUNDATION WILL FULFILL FUTURE REQUIRED FILINGS WITHIN A TIMELY MATTER. MICHAEL J. & KAREN B. FREY FOUNDATION RESPECTFULLY REQUESTS ABATEMENT OF ANY LATE FILING FEES AND INTEREST DUE RELATING TO THE 2021 FORM 990-PF. | ExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAX PAYMENTS | CategoryTxt |
| Amt | $1,555 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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