MICHAEL J AND KAREN B FREY FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- MICHAEL J AND KAREN B FREY FOUNDATION (EIN 75-3140739)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-11
- IRS object ID
- 202023169349100927
- Schema version
- 2019v5.1
- 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
- Investments Other Schedule2
- Other Expenses Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-11T09:06:25-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 S 6TH STREET SUITE 300 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | 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 | 745 FERNDALE ROAD NORTH | AddressLine1Txt |
| City | WAYZATA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55391 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL FREY | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 9524760301 | PhoneNum |
| Signature | 2020-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LORI PETERSON | PreparerPersonNm |
| PTIN | P00993862 | PTIN |
| Phone | 6123764500 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.137.57.251 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-09 | IPDt |
| IP Tm | 11:22:33 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | CFE449EF737100C79244C784A4F20C508B3FE741 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $9,678,315 | 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 | $123,008 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $123,008 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$300,000 | NetGainSaleAstRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | -$176,992 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $123,008 | 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 | $2,650 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,325 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $1,325 | AccountingFeesChrtblPrpsAmt |
| Other Expenses Rev And Expnss | $25 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $25 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,675 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,325 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,350 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $466,150 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $466,150 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $468,825 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,325 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $467,500 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$645,817 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $121,683 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,204,273 | CashBOYAmt |
| Cash EOY | $658,456 | CashEOYAmt |
| Cash EOYFMV | $658,456 | CashEOYFMVAmt |
| Corporate Stock BOY | $3,214,797 | CorporateStockBOYAmt |
| Corporate Stock EOY | $2,914,797 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $8,819,859 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $200,000 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $200,000 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $4,419,070 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,773,253 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $9,678,315 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $4,419,070 | CapitalStockBOYAmt |
| Capital Stock EOY | $3,773,253 | 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 | $4,419,070 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,773,253 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $4,419,070 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,773,253 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $4,419,070 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$645,817 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $3,773,253 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $3,773,253 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | NEXGEN MEDICAL SYSTEMS | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Sold | 2019-12-31 | SoldDt |
| Cost Or Other Basis | $300,000 | CostOrOtherBasisAmt |
| Gain Or Loss | -$300,000 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$300,000 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$300,000 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $475,575 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $9,207,239 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.051652 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $455,600 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $8,684,712 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.052460 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $403,125 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $8,055,268 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.050045 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $422,775 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $8,248,064 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.051257 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $454,039 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $7,596,227 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.059772 | DistributionYr5Rt |
| Total Distribution | 0.265186 | TotalDistributionRt |
| Average Distribution | 0.053037 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $9,384,861 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $497,745 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,217 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $498,962 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $467,500 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,434 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,434 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,434 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,145 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $4,145 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $1,711 | OverpaymentAmt |
| Applied To ES Tax | $1,711 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 | Yes (1) | 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 |
| Individual With Books | MICHAEL J KAREN B FREY | IndividualWithBooksNm |
| Phone | 9524760301 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 745 FERNDALE ROAD NORTH | 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/DIRECTOR/PRESIDE | 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 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $8,457,627 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,070,151 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $9,527,778 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $9,527,778 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $142,917 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $9,384,861 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $469,243 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $469,243 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,434 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,434 | TotalTaxAmt |
| Distributable Before Adj | $466,809 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $466,809 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $466,809 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $467,500 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $467,500 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $467,500 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $466,809 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $75,700 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $27,964 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,751 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $23,296 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $17,739 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $146,450 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $467,500 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $466,809 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $691 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $147,141 | 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 | $75,700 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $71,441 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $27,964 | ExcessFromYear4Amt |
| Excess From Year3 | $1,751 | ExcessFromYear3Amt |
| Excess From Year2 | $23,296 | ExcessFromYear2Amt |
| Excess From Year1 | $17,739 | ExcessFromYear1Amt |
| Excess From Current Year | $691 | 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 (31 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AMERICAN HEART ASSOCIATION | |||||||
| 7272 GREENVILLE AVE | DALLAS | TX | 75231 | NONE | 501(C)(3) | GENERAL | $1,000 |
| BANYAN COMMUNITY | |||||||
| 2529 13TH AVE S | MINNEAPOLIS | MN | 55404 | NONE | 501(C)(3) | GENERAL | $6,500 |
| CENTER FOR THE AMERICAN EXPERIMENT | |||||||
| 8421 WAYZATA BLVD 110 | GOLDEN VALLEY | MN | 55426 | NONE | 501(C)(3) | GENERAL | $75,000 |
| CHILDREN'S HOPE CHEST | |||||||
| PO BOX 1190 | PALMER LAKE | CO | 80133 | NONE | 501(C)(3) | GENERAL | $5,000 |
| FOLDS OF HONOR | |||||||
| 5800 N PATRIOT DRIVE | OWASSO | OK | 74055 | NONE | 501(C)(3) | GENERAL | $12,500 |
| FRIENDS OF EDUCATION | |||||||
| 200 LAKE STREET EAST EXO-01-T | WAYZATA | MN | 55391 | NONE | 501(C)(3) | GENERAL | $42,000 |
| FRIENDS OF HCL | |||||||
| 300 NICOLLET MALL | MINNEAPOLIS | MN | 55401 | NONE | 501(C)(3) | GENERAL | $5,000 |
| GIVING WOMEN | |||||||
| 101 FIFTH STREET EAST STE 2400 | SAINT PAUL | MN | 55101 | NONE | 501(C)(3) | GENERAL | $2,500 |
| INNER CITY TENNIS | |||||||
| 4005 NICOLLET AVENUE | MINNEAPOLIS | MN | 55409 | NONE | 501(C)(3) | GENERAL | $500 |
| INSTITUTE FOR JUSTICE | |||||||
| 901 N GLEBE ROAD SUITE 900 | ARLINGTON | VA | 22203 | NONE | 501(C)(3) | GENERAL | $50,000 |
| MINNESOTA VOTERS ALLIANCE | |||||||
| PO BOX 4602 | ST PAUL | MN | 55104 | NONE | 501(C)(3) | GENERAL | $25,000 |
| PERSPECTIVES | |||||||
| 3381 GORHAM AVE | ST LOUIS PARK | MN | 55426 | NONE | 501(C)(3) | GENERAL | $5,000 |
| PROVIDENCE ACADEMY | |||||||
| 15100 SCHMIDT LAKE RD | PLYMOUTH | MN | 55446 | NONE | 501(C)(3) | GENERAL | $100,000 |
| SPECIAL OLYMPICS MINNESOTA | |||||||
| 900 2ND AVE S STE 300 | MINNEAPOLIS | MN | 55402 | NONE | 501(C)(3) | GENERAL | $1,000 |
| ST BARTHOLOMEW CATHOLIC CHURCH | |||||||
| 630 WAYZATA BLVD E | WAYZATA | MN | 55391 | NONE | 501(C)(3) | GENERAL | $3,000 |
| THE BASILICA OF SAINT MARY | |||||||
| 88 N 17TH ST | MINNEAPOLIS | MN | 55403 | NONE | 501(C)(3) | GENERAL | $8,000 |
| TREEHOUSE | |||||||
| 2100 24TH AVE S STE 200 | SEATTLE | WA | 98144 | NONE | 501(C)(3) | GENERAL | $10,000 |
| WIKIMEDIA FOUNDATION | |||||||
| 1 MONTOGMERY STREET STE 1600 | SAN FRANCISCO | CA | 94104 | NONE | 501(C)(3) | GENERAL | $750 |
| ADVOCATES INC | |||||||
| 636 OLD LIVERPOOL ROAD | LIVERPOOL | NY | 13088 | NONE | 501(C)((3) | GENERAL | $200 |
| HOUSE OF THE GOOD SHEPHERD | |||||||
| PO BOX 13453 | CHICAGO | IL | 60613 | NONE | 501(C)((3) | GENERAL | $1,000 |
| ONE 2 ONE EDUCATIONAL SUPPORT INC | |||||||
| 4989 PEACHTREE PKWY STE 218 | PEACHTREE CORNERS | GA | 30092 | NONE | 501(C)((3) | GENERAL | $200 |
| MENTAL HEALTH ASSOCIATION OF MINNESOTA | |||||||
| 2233 UNIVERSITY AVE WEST SUITE 200 | ST PAUL | MN | 55114 | NONE | 501(C)((3) | GENERAL | $200 |
| RIVER HILLS UNITED METHODIST CHURCH | |||||||
| 11100 RIVER HILLS DR | BURNSVILLE | MN | 55337 | NONE | 501(C)((3) | GENERAL | $200 |
| BLOOM EARLY LEARNING & CHILD CARE | |||||||
| 17805 COUNTY ROAD 6 | PLYMOUTH | MN | 55447 | NONE | 501(C)((3) | GENERAL | $200 |
| JDRF INTERNATIONAL | |||||||
| 26 BROADWAY 14TH FLOOR | NEW YORK | NY | 10004 | NONE | 501(C)((3) | GENERAL | $1,000 |
| ALPHA NEWS | |||||||
| 13033 RIDGEDALE DR 101 | MINNETONKA | MN | 55305 | NONE | 501(C)((3) | GENERAL | $50,000 |
| HOLY FAMILY SCHOOL | |||||||
| 231 SINDAIR LEWIS AVE | SUAK CENTRE | MN | 56378 | NONE | 501(C)((3) | GENERAL | $5,000 |
| THEATRE IN THE ROUND | |||||||
| 245 CEDAR AVENUE | MINNEAPOLIS | MN | 55454 | NONE | 501(C)((3) | GENERAL | $200 |
| LITTLE HOSPICE | |||||||
| 7019 LYNMAR LANE | EDINA | MN | 55435 | NONE | 501(C)((3) | GENERAL | $5,000 |
| COLLEGE OF ST BENEDICT | |||||||
| 37 S COLLEGE AVE 160 | ST JOSEPH | MN | 56374 | NONE | 501(C)((3) | GENERAL | $200 |
| UPPER MIDWEST LASW CENTER | |||||||
| 8421 WAYZATA BLVD STE 105 | MINNEAPOLIS | MN | 55426 | NONE | 501(C)((3) | GENERAL | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $466,150 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $123,008 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$300,000 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$176,992 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$176,992 | 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 FEES | CategoryTxt |
| Amt | $2,650 | Amt |
| Net Investment Income | $1,325 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,325 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| WF - BERKSHIRE HATHAWAY | $1,119,761 | $2,716,720 |
| WF - EXXON MOBIL CORP | $199,884 | $190,499 |
| WF - SPDR S&P 500 TR | $1,409,207 | $4,827,900 |
| WF - UNION SPECIFIC | $185,945 | $1,084,740 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | AMERICA2020 FILM LLC | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $200,000 | BookValueAmt |
| EOYFMV | $200,000 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MN FILING FEE | Desc |
| Revenue And Expenses Per Books | $25 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $25 | DisbursementsCharitablePrpsAmt |
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