THE CURTIS L CARLSON FAMILY FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- THE CURTIS L CARLSON FAMILY FOUNDATION (EIN 41-6028973)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202213199349105026
- 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
- Depreciation Schedule
- General Explanation Attachment
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-15T13:16:00-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
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 SUITE 2800 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | 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 | 416028973 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CURTIS L CARLSON FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % TONKAWA INC | InCareOfNm |
| Business Name Control | CURT | BusinessNameControlTxt |
| Phone | 9524045605 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 CARLSON PKWY Suite 1250 | AddressLine1Txt |
| City | MINNETONKA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55305 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PATRICK GAGE | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 9524045636 | PhoneNum |
| Signature | 2022-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | PATRICK | PersonFirstNm |
| Person Last | GAGE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANDREW BUCKNEBERG | PreparerPersonNm |
| PTIN | P01253775 | PTIN |
| Phone | 6123974000 | PhoneNum |
| Preparation | 2022-11-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| 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 | $300,826,673 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $12,568,168 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $7,738,794 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $8,564,495 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $48,524,056 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $15,960,089 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $0 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $366,744 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $21,132,663 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $24,065,627 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $369,652 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $369,652 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $623,165 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $623,165 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $65,743 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $65,743 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $10,694 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $6,875 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,819 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $25,378 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $19,034 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $6,344 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $698,170 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $563,127 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $106,203 | OtherProfFeesDsbrsChrtblAmt |
| Interest Net Invst Incm | $77,209 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $293,843 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $115,830 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $34,931 | DeprecAndDpltnRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $19,542 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $19,542 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $245,613 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $889,688 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $245,613 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,386,731 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,671,763 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,440,081 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $10,620,619 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $10,620,619 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $13,007,350 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,671,763 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $12,060,700 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $8,125,313 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $22,393,864 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $10,008,607 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $11,588,595 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $11,588,595 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $128,871,212 | CorporateStockBOYAmt |
| Corporate Stock EOY | $150,608,787 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $150,608,787 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $29,781,243 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $28,334,689 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $28,334,689 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $97,713,946 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $110,224,739 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $110,224,739 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $104,794 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $34,931 | LandBldgEquipAccumDeprecAmt |
| Land EOY | $69,863 | LandEOYAmt |
| Land EOYFMV | $69,863 | LandEOYFMVAmt |
| Other Assets BOY | $83,632 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $266,458,640 | TotalAssetsBOYAmt |
| Total Assets EOY | $300,826,673 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $300,826,673 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $266,458,640 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $300,826,673 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $266,458,640 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $300,826,673 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $266,458,640 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $300,826,673 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $266,458,640 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $8,125,313 | ExcessRevenueOverExpensesAmt |
| Other Increases | $26,242,720 | OtherIncreasesAmt |
| Subtotal | $300,826,673 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $300,826,673 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (10 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt |
|---|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | P | 2021-12-31 | $36,363,289 | $29,680,646 | $6,682,643 | $6,682,643 | |
| WONDER LAKE HOLDINGS LLC | P | 2021-02-05 | $11,842 | $23,017 | -$11,175 | -$11,175 | |
| CONVERGENT CAPITAL PARTNERS II | P | 2021-12-30 | $202,086 | $203,784 | -$1,698 | -$1,698 | |
| CHATHAM HIGH YIELD OFFSHORE | P | 2021-01-22 | $1,000,000 | $656,520 | $343,480 | $343,480 | 2017-01-30 |
| COATUE OPPORTUNITY FUND OFFSHORE | P | 2021-04-09 | $3,862,456 | $2,000,000 | $1,862,456 | $1,862,456 | 2020-04-07 |
| CAPITAL GAIN DIVIDENDS | P | $74,438 | |||||
| CAPITAL GAIN DIVIDENDS | P | $74,438 | |||||
| CAPITAL GAIN DIVIDENDS | P | $74,438 | |||||
| CAPITAL GAIN DIVIDENDS | P | $74,438 | |||||
| CAPITAL GAIN DIVIDENDS | P | $74,438 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $15,960,089 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $311,275 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $311,275 | SubtotalAmt |
| Tax Based On Investment Income | $311,275 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $228,753 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $90,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $318,753 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $2,267 | EsPenaltyAmt |
| Overpayment | $5,211 | OverpaymentAmt |
| Applied To ES Tax | $5,211 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | carlsonfamilyfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TONKAWA INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9524045600 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 CARLSON PKWY STE 1200 | AddressLine1Txt |
| City | MINNETONKA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55305 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (13 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 |
|---|---|---|---|---|---|---|---|---|
| BARBARA C GAGE | ||||||||
| 701 CARLSON PKWY | MINNETONKA | MN | 55305 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
| MARILYN C NELSON | ||||||||
| 701 CARLSON PKWY | MINNETONKA | MN | 55305 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
| DIANA L NELSON | ||||||||
| 701 CARLSON PKWY | MINNETONKA | MN | 55305 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
| WENDY M NELSON | ||||||||
| 701 CARLSON PKWY | MINNETONKA | MN | 55305 | TRUSTEE, BOARD CHAIR | 40.0 | $6,000 | $0 | $0 |
| RICHARD C GAGE | ||||||||
| 701 CARLSON PKWY | MINNETONKA | MN | 55305 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
| GEOFFREY C GAGE | ||||||||
| 701 CARLSON PKWY | MINNETONKA | MN | 55305 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
| C DAVID NELSON | ||||||||
| 701 CARLSON PKWY | MINNETONKA | MN | 55305 | SECRETARY | 40.0 | $297,652 | $19,187 | $0 |
| JULIET NELSON | ||||||||
| 701 CARLSON PKWY | MINNETONKA | MN | 55305 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
| ALEXANDER MURESANU | ||||||||
| 701 CARLSON PKWY | MINNETONKA | MN | 55305 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
| PATRICK GAGE | ||||||||
| 701 CARLSON PKWY | MINNETONKA | MN | 55305 | TRUSTEE, TREASURER | 1.0 | $6,000 | $0 | $0 |
| EMMA GAGE | ||||||||
| 701 CARLSON PKWY | MINNETONKA | MN | 55305 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
| GINA GAGE | ||||||||
| 701 CARLSON PKWY | MINNETONKA | MN | 55305 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
| JENNIFER NELSON | ||||||||
| 701 CARLSON PKWY | MINNETONKA | MN | 55305 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| ARETHA GREEN-RUPERT | |||||||
| 701 CARLSON PKWY STE 1250 | MINNETONKA | MN | 553055237 | PROGRAM DIRECTOR | 40.0 | $216,291 | $6,985 |
| DANA JENSEN | |||||||
| 701 CARLSON PKWY STE 1250 | MINNETONKA | MN | 55305 | PRGRAM DIRECTOR | 40.0 | $134,057 | $31,147 |
| NICHOLAS SCHMIDT | |||||||
| 701 CARLSON PKWY STE 1250 | MINNETONKA | MN | 55305 | SR GRANTS MANAGER | 40.0 | $121,846 | $3,892 |
| JULIE PILARSKI | |||||||
| 701 CARLSON PKWY STE 1250 | MINNETONKA | MN | 55305 | EXECUTIVE ASSISTANT | 40.0 | $83,539 | $3,822 |
| JOAN WEIS | |||||||
| 701 CARLSON PKWY STE 1250 | MINNETONKA | MN | 55305 | GRANTS MANAGER | 40.0 | $67,433 | $711 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TONKAWA INC | |||||
| 701 CARLSON PARKWAY SUITE 1200 | MINNETONKA | MN | 55305 | PROFESSIONAL | $1,535,428 |
| THE NORTHERN TRUST COMPANY | |||||
| PO BOX 803878 | CHICAGO | IL | 60680 | CUSTODY | $70,232 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $178,124,245 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,872,654 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $105,450,148 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $288,447,047 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $288,447,047 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,326,706 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $284,120,341 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $14,206,017 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $14,206,017 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $311,275 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $2,278 | IncomeTaxAmt |
| Total Tax | $313,553 | TotalTaxAmt |
| Distributable Before Adj | $13,892,464 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $13,892,464 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $13,892,464 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $12,060,700 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $12,060,700 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $13,892,464 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $8,200,010 | UndistributedIncomePYAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $12,060,700 | QualifyingDistributionsAmt |
| Applied To Year1 | $8,200,010 | AppliedToYear1Amt |
| Applied To Current Year | $3,860,690 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $10,031,774 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | CURTIS L CARLSON DECEASED 21999 | ContributingManagerNm |
| Contributing Manager | ARLEEN M CARLSON DECEASED 8405 | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | C DAVID NELSON | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 CARLSON PKWY STE 1250 | AddressLine1Txt |
| City | MINNETONKA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55305 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 9524045605 | RecipientPhoneNum |
| Form And Info And Materials | THE CURTIS L CARLSON FAMILY FOUNDATION HAS CHANGED ITS GRANTMAKING PROCESS. IT REQUIRES THAT ALL REQUESTS FOR FUNDING BEGIN WITH A LETTER OF INQUIRY (LOI). INFORMATION ON THIS PROCESS CAN BE FOUND AT CARLSONFAMILYFOUNDATION.ORG/GRANTMAKING. LETTERS OF INQUIRY ARE BEING ACCEPTED IN THE FOLLOWING AREAS: CONSTELLATION FOR OUT-OF-SCHOOL PROGRAMS, SEX TRAFFICKING PREVENTION, AND VIBRANT COMMUNITIES FOR YOUTH ACCESS PROGRAMS. OTHER PRIORITY AREAS ARE BY INVITATION ONLY | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | FOR SEX TRAFFICKING PPREVENTION GRANTS, LOI IS DUE BY DECEMBER 1 FOR CONSTELLATION, LOI IS DUE MARCH | SubmissionDeadlinesTxt |
| Restrictions On Awards | LETTERS OF INQUIRY (LOI) ARE BEING ACCEPTED IN THE FOLLOWING AREAS: CONSTELLATION FOR OUT-OF-SCHOOL PROGRAMS, SEX TRAFFICKING PREVENTION AND VIBRANT COMMUNITIES FOR YOUTH ACCESS PROGRAMS. OTHER PRIORITY AREAS ARE CURRENTLY INVITE-ONLY. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STATEMENT ATTACHED | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | STATEMENT ATTACHED | AddressLine1Txt |
| City | MINNETONKA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55305 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | STATEMENT ATTACHED | GrantOrContributionPurposeTxt |
| Amt | $10,620,619 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $10,620,619 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STATEMENT ATTACHED | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | STATEMENT ATTACHED | AddressLine1Txt |
| City | MINNETONKA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55305 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | STATEMENT ATTACHED | GrantOrContributionPurposeTxt |
| Amt | $2,903,500 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $2,903,500 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $12,568,168 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $8,564,495 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $21,132,663 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $21,132,663 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | DELOITTE & TOUCHE | CategoryTxt |
| Amt | $25,378 | Amt |
| Net Investment Income | $19,034 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $6,344 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | WAIVE NOL CB | IdentifierTxt |
| Form And Line Reference | FORM 990-T | FormAndLineReferenceDesc |
| Medium Explanation | THE TAXPAYER ELECTS UNDER SECTION 172(B)(3) TO RELINQUISH THE ENTIRE CARRYBACK PERIOD FOR ANY 2019 AND 2020 NET OPERATING LOSS. | MediumExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $10,694 | LegalFeesAmt |
| Net Investment Income | $6,875 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,819 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CONSTRUCTION IN PROGRESS | Desc |
| BOY Book Value | $83,632 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| DUES & SUBSCRIPTIONS | $45,383 | $45,383 | |
| TECHNOLOGY/WEBSITE/GRANTS MGMT | $95,825 | $95,825 | |
| POSTAGE & FREIGHT | $3,216 | $3,216 | |
| TELEPHONE | $1,924 | $1,924 | |
| OFFICE SUPPLIES | $30,823 | $30,823 | |
| COMMUNICATIONS | $68,442 | $68,442 | |
| OTHER EXPENSES | |||
| DEDUCTIONS FROM PSHIPS | $889,688 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| OTHER PORTFOLIO INCOME FROM PARTNERSHIPS | $0 | $57,792 |
| OTHER INCOME FROM PARTNERSHIPS | $0 | $74,611 |
| ORDINARY INCOME FROM PARTNERSHIPS | $0 | $224,814 |
| RENTAL INCOME FROM PARTNERSHIPS | $0 | $9,530 |
| ROYALTY INCOME FROM PARTNERSHIPS | $0 | -$3 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| INCREASE IN UNREALIZED APPRECIATION OF | $26,242,720 |
| ASSETS | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| TONKAWA INVESTMENT FEES | $365,503 | $365,503 | |
| TONKAWA PROFESSIONAL SERVICES | $111,265 | $83,449 | $27,816 |
| TONKAWA TAX FEES | $72,100 | $32,445 | $10,815 |
| MISC PORTFOLIO & BANK FEES | $81,730 | $81,730 | |
| CONSULTING FEES | $67,572 | $67,572 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FEDERAL TAX ON NET INVESTMENT | $194,449 | |
| STATE UBIT | ||
| STATE FILING FEE | $25 | |
| FOREIGN TAX WITHHOLDING | $99,369 | $99,369 |
| FOREIGN TAX FROM PSHIPS | $16,461 |