EVERT FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: EVERT FOUNDATION (EIN 41-6543299)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-11-15
IRS object ID: 202143199349103304
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
Form 990-PF
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Other Increases Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-11-15T10:58:15-06:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	FREDRIKSON & BYRON PA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	200 S 6TH STREET SUITE 4000	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55402	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	416543299	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	EVERT FOUNDATION	BusinessNameLine1Txt
Business Name Line2	200 SOUTH SIXTH STREET	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	EVER	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	SUITE 4000	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55402	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	LINDSAY E MCCABE	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Signature	2021-11-15	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	LINDSAY	PersonFirstNm
Person Last	MCCABE	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JOHN L NELSON	PreparerPersonNm
PTIN	P01370507	PTIN
Phone	6124927000	PhoneNum
Preparation	2021-11-15	PreparationDt

Field	Value	IRS element (for citing)
Tax	2020	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	$10,811,869	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
Interest On Sav Rev And Expnss	$89,183	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$89,183	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$114,712	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$114,712	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$93,238	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$93,238	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$93,238	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$297,133	TotalRevAndExpnssAmt
Total Net Invst Incm	$297,133	TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss	$62,540	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$62,540	OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss	$2,767	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$65,307	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$62,540	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$347,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$347,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$412,307	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$62,540	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$347,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$115,174	ExcessRevenueOverExpensesAmt
Net Investment Income	$234,593	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$337,162	CashBOYAmt
Cash EOY	$247,110	CashEOYAmt
Cash EOYFMV	$247,110	CashEOYFMVAmt
Corporate Stock BOY	$6,077,839	CorporateStockBOYAmt
Corporate Stock EOY	$6,866,139	CorporateStockEOYAmt
Corporate Stock EOYFMV	$6,866,139	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$3,563,562	CorporateBondsBOYAmt
Corporate Bonds EOY	$3,698,620	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$3,698,620	CorporateBondsEOYFMVAmt
Total Assets BOY	$9,978,563	TotalAssetsBOYAmt
Total Assets EOY	$10,811,869	TotalAssetsEOYAmt
Total Assets EOYFMV	$10,811,869	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$9,978,563	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$10,811,869	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$9,978,563	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$10,811,869	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$9,978,563	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$10,811,869	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$9,978,563	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$115,174	ExcessRevenueOverExpensesAmt
Other Increases	$948,480	OtherIncreasesAmt
Subtotal	$10,811,869	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$10,811,869	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Field	Value	IRS element (for citing)
Capital Gain Net Income	$93,238	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$3,261	InvestmentIncomeExciseTaxAmt
Subtotal	$3,261	SubtotalAmt
Tax Based On Investment Income	$3,261	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$4,587	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$4,587	TotalPaymentsAndCreditsAmt
Overpayment	$1,326	OverpaymentAmt
Applied To ES Tax	$1,326	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	false	UnrelatedBusIncmOverLimitInd
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	N/A	WebsiteAddressTxt
Individual With Books	JOHN L NELSON	IndividualWithBooksNm
Phone	6124927000	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	200 SOUTH SIXTH STREET SUITE 4000	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55402	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	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
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 (2 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
LINDSAY E MCCABE
5321 MINNEHAHA BOULEVARD	EDINA	MN	554241406	TRUSTEE	000.00	$0	$0	$0
ANN L MCCABE
5321 MINNEHAHA BOULEVARD	EDINA	MN	554241406	TRUSTEE	000.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$9,369,635	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$342,588	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$9,712,223	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$9,712,223	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$145,683	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$9,566,540	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$478,327	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$478,327	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$3,261	TaxBasedOnInvestmentIncomeAmt
Total Tax	$3,261	TotalTaxAmt
Distributable Before Adj	$475,066	DistributableBeforeAdjAmt
Distributable Before Ded	$475,066	DistributableBeforeDedAmt
Distributable As Adjusted	$475,066	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$347,000	ExpensesAndContributionsAmt
Qualifying Distributions	$347,000	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$347,000	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$475,066	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4	$10,490	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2	$47,601	ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov	$58,091	TotalExcessDistributionCyovAmt
Qualifying Distributions	$347,000	QualifyingDistributionsAmt
Applied To Current Year	$347,000	AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus	$58,091	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$58,091	ExcessDistributionCyovAppCYAmt
Undistributed Income CY	$69,975	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
UNIVERSITY OF ST THOMAS
2115 SUMMIT AVENUE	ST PAUL	MN	55105	NONE	PC	UNDERTOLD STORIES PROJECT	$300,000
LUTHERAN SOCAL SERVICES
2485 COMO AVENUE	ST PAUL	MN	55108	NONE	PC	GENERAL USE OF CHARITY	$12,000
UNION GOSPEL MISSION
376 WESTERN AVE N	ST PAUL	MN	55103	NONE	PC	GENERAL USE OF CHARITY	$10,000
FIREFLY SISTERHOOD
5775 WAYZATA BLVD	MINNEAPOLIS	MN	55416	NONE	PC	GENERAL USE OF CHARITY	$25,000	SUITE 700

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$347,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$89,183	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$114,712	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$93,238	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$297,133	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$297,133	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

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

Field	Value	IRS element (for citing)
Bond	INVESTMENT ACCOUNT	BondNm
EOY Book Value	$3,698,620	EOYBookValueAmt
EOYFMV	$3,698,620	EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	INVESTMENT ACCOUNT	StockNm
EOY Book Value	$6,866,139	EOYBookValueAmt
EOYFMV	$6,866,139	EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	CHANGE IN VALUE OF INVESTMENTS	Desc
Amt	$948,480	Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	INVESTMENT MANAGEMENT FEES	CategoryTxt
Amt	$62,540	Amt
Net Investment Income	$62,540	NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	TAX ON INVESTMENT INCOME	CategoryTxt
Amt	$2,767	Amt

EVERT FOUNDATION: Form 990PF, tax year 2020

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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