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MALARK FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MALARK FOUNDATION (EIN 46-4903223)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-12
IRS object ID
202133169349100018
Schema version
2020v4.0
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)
Return2021-11-12T07:49:31-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN823645449PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HAMAN CHRISTENSON ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1564AddressLine1Txt
CityMONTICELLOCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55362ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464903223EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE MALARK FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMALABusinessNameControlTxt
Phone7634283546PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 438AddressLine1Txt
CityMAPLE GROVECityNm
State AbbreviationMNStateAbbreviationCd
ZIP55369ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDOUG MALARKPersonNm
Person TitleTREASURERPersonTitleTxt
Phone7634283546PhoneNum
Signature2021-11-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDOUGPersonFirstNm
Person LastMALARKPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSARA A HAMAN CPAPreparerPersonNm
PTINP01048968PTIN
Phone6125900880PhoneNum
Preparation2021-11-10PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,020,144FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$5,974ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$67InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$67InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$67InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$9,967DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,967DividendsNetInvstIncmAmt
Dividends Adj Net Incm$9,967DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$29,545NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$549,846GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$3,006CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$45,553TotalRevAndExpnssAmt
Total Net Invst Incm$13,040TotalNetInvstIncmAmt
Total Adj Net Incm$10,034TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,495AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$2,495AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$331TaxesRevAndExpnssAmt
Taxes Net Invst Incm$331TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$25OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$25OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,851TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$331TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,520TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$16,932ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$16,932ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$19,783TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$331TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$19,452TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$25,770ExcessRevenueOverExpensesAmt
Net Investment Income$12,709NetInvestmentIncomeAmt
Adjusted Net Income$10,034AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$29,948CashBOYAmt
Cash EOY$16,167CashEOYAmt
Cash EOYFMV$16,167CashEOYFMVAmt
Other Investments BOY$761,968OtherInvestmentsBOYAmt
Other Investments EOY$689,723OtherInvestmentsEOYAmt
Other Investments EOYFMV$817,962OtherInvestmentsEOYFMVAmt
Other Assets BOY$74,629OtherAssetsBOYAmt
Other Assets EOY$186,015OtherAssetsEOYAmt
Other Assets EOYFMV$186,015OtherAssetsEOYFMVAmt
Total Assets BOY$866,545TotalAssetsBOYAmt
Total Assets EOY$891,905TotalAssetsEOYAmt
Total Assets EOYFMV$1,020,144TotalAssetsEOYFMVAmt
Other Liabilities BOY$410OtherLiabilitiesBOYAmt
Total Liabilities BOY$410TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$866,135RetainedEarningBOYAmt
Retained Earning EOY$891,905RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$866,135TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$891,905TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$866,545TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$891,905TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$866,135TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$25,770ExcessRevenueOverExpensesAmt
Subtotal$891,905SubtotalAmt
Tot Net Ast Or Fund Balances EOY$891,905TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$3,006CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$177InvestmentIncomeExciseTaxAmt
Subtotal$177SubtotalAmt
Tax Based On Investment Income$177TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$500ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$500TotalPaymentsAndCreditsAmt
Overpayment$323OverpaymentAmt
Applied To ES Tax$323AppliedToESTaxAmt

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 AddressMALARKFOUNDATION.ORGWebsiteAddressTxt
Individual With BooksTHE FOUNDATIONIndividualWithBooksNm
Phone7634283546PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 438AddressLine1Txt
CityMAPLE GROVECityNm
State AbbreviationMNStateAbbreviationCd
ZIP55369ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ETHAN MALARK
PO BOX 438MAPLE GROVEMN55369PRESIDENT1.00$0$0$0
DOUG MALARK
PO BOX 438MAPLE GROVEMN55369TREASURER1.00$0$0$0
ELLIOT MALARK
PO BOX 438MAPLE GROVEMN55369SECRETARY1.00$0$0$0
SHERYL MALARK
PO BOX 438MAPLE GROVEMN55369CHARIMAN1.00$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$912,665AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$115,340AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,028,005TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,028,005AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,420CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,012,585NetVlNoncharitableAssetsAmt
Minimum Investment Return$50,629MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$50,629MinimumInvestmentReturnAmt
Tax Based On Investment Income$177TaxBasedOnInvestmentIncomeAmt
Total Tax$177TotalTaxAmt
Distributable Before Adj$50,452DistributableBeforeAdjAmt
Distributable Before Ded$50,452DistributableBeforeDedAmt
Distributable As Adjusted$50,452DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$19,452ExpensesAndContributionsAmt
Qualifying Distributions$19,452QualifyingDistributionsAmt
Adjusted Qualifying Distri$19,452AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$50,452DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$11,033ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$17,765ExcessDistributionCyovYr4Amt
Total Excess Distribution Cyov$28,798TotalExcessDistributionCyovAmt
Qualifying Distributions$19,452QualifyingDistributionsAmt
Applied To Current Year$19,452AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$28,798ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$28,798ExcessDistributionCyovAppCYAmt
Undistributed Income CY$2,202UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CEAP
7051 BROOKLYN BLVDBROOKLYN CENTERMN55429PCSUPPORT FOR OPERATIONS$5,000
CHILD FUND
PO BOX 26507RICHMONDVA23261PCSUPPORT FOR OPERATIONS$732
MUSCULAR DYSTROPHY ASSOCIATION
161 N CLARK ST STE 3550CHICAGOIL60601PCSUPPORT FOR OPERATIONS$1,000
MUSCULAR DYSTROPHY ASSOCIATION
161 N CLARK ST STE 3550CHICAGOIL60601PCSUPPORT FOR OPERATIONS$200
ASPCA
PO BOX 96929WASHINGTONDC20090PCSUPPORT FOR OPERATIONS$5,000
SECOND HARVEST HEARTLAND
1140 GERVAIS AVEST PAULMN55109PCSUPPORT FOR OPERATIONS$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$16,932TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$67ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,967ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,006ExclusionAmt
Related Or Exempt Function Incm$26,539RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$13,040ExclusionAmt
Related Or Exempt Function Incm$26,539RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$39,579TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,495Amt
Disbursements Charitable Prps$2,495DisbursementsCharitablePrpsAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetCHARLES SCHWAB - STOCK SALESAssetDesc
How AcquiredPURCHASEHowAcquiredTxt
Gross Sales Price$546,840GrossSalesPriceAmt
Basis$520,301BasisAmt
Total Net$26,539TotalNetAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (18 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
AT&T INCAT COST
VISA INCAT COST
BERKSHIRE HATHAWAYAT COST
HOME DEPOTAT COST
OWENS CORNINGAT COST
ISHARES TOTAL US STOCKAT COST
ISHARES US MEDICALAT COST
INVESCO QQQ TRUSTAT COST
VANGUARD S&P 500 ETFAT COST
VANGUARD GNMA FUNDAT COST
VANGUARD EQUITY INCOMEAT COST
VANGUARD TARGET RETIREMENTAT COST
BOEINGAT COST
MCDONALDSAT COST
EQUITIESAT COST$255,554$300,138
BOND FUNDSAT COST$48,213$49,087
EQUITY FUNDSAT COST$184,262$201,069
EXCHANGE TRADED FUNDSAT COST$201,694$267,668

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
CHARLES SCHWAB DEPOSIT ACCOUNT$73,176$185,065$185,065
OTHER ASSETS$1,453$950$950

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
DUES
MN SOS$25$25

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescCREDIT CARDDesc
BOY Book Value$410BOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
EXCISE TAX$331$331
FOREIGN

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