THE CURTIS L CARLSON FAMILY FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- THE CURTIS L CARLSON FAMILY FOUNDATION (EIN 41-6028973)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-15
- IRS object ID
- 201823199349101827
- Schema version
- 2017v2.3
- 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
- Legal Fees 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 | 2018-11-15T12:38:15-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARLSON HOLDINGS INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 CARLSON PARKWAY SUITE 1500 | AddressLine1Txt |
| City | MINNETONKA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55305 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | 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 | 550 TONKAWA ROAD | AddressLine1Txt |
| City | LONG LAKE | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55356 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WENDY NELSON | PersonNm |
| Person Title | BOARD CHAIR | PersonTitleTxt |
| Phone | 9524045636 | PhoneNum |
| Signature | 2018-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANDREW BUCKNEBERG | PreparerPersonNm |
| PTIN | P01253775 | PTIN |
| Phone | 7637622214 | PhoneNum |
| Preparation | 2018-11-12 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 50.59.42.137 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 41683920183195000000 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2018-11-15 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 8977EAC81E0C334C13AB3F1D3773C8434A7481B7 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 9CBC1B418FEE047EC3823C2DDC9FB907C686B805 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $224,355,663 | 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 |
| Dividends Rev And Expnss | $6,174,191 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $5,354,447 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $7,237,504 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $46,923,019 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $9,972,988 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Net Invst Incm | -$129,946 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $13,411,695 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $15,197,489 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $408,392 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $408,392 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $202,159 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $202,159 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $35,762 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $35,762 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $12,577 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $495 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $12,082 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $24,020 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $16,500 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $5,500 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,105,772 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,065,524 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $33,550 | OtherProfFeesDsbrsChrtblAmt |
| Interest Net Invst Incm | $52,005 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $418,427 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $113,733 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $25 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $107,331 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $107,331 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $219,789 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $504,812 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $219,789 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,534,229 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,753,069 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,024,590 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $8,214,660 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $8,214,660 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $10,748,889 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,753,069 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $9,239,250 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,662,806 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $13,444,420 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $52,175,074 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $5,835,660 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $5,835,660 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $70,010,814 | CorporateStockBOYAmt |
| Corporate Stock EOY | $115,238,632 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $115,238,632 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $16,934,626 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $25,691,441 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $25,691,441 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $66,961,932 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $77,589,930 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $77,589,930 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $206,082,446 | TotalAssetsBOYAmt |
| Total Assets EOY | $224,355,663 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $224,355,663 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $206,082,446 | UnrestrictedBOYAmt |
| Unrestricted EOY | $224,355,663 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $206,082,446 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $224,355,663 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $206,082,446 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $224,355,663 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $206,082,446 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,662,806 | ExcessRevenueOverExpensesAmt |
| Other Increases | $15,610,411 | OtherIncreasesAmt |
| Subtotal | $224,355,663 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $224,355,663 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (11 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | P | $34,067,701 | $29,725,440 | $4,342,889 | $4,342,261 | ||
| 347827 INDUSTRIAL ORIGAMI SERIES B PREF | P | $0 | $400,001 | -$400,001 | -$400,001 | 2007-08-30 | 2017-03-31 |
| 228571 INDUSTRIAL ORIGAMI SERIES C PREF | P | $0 | $319,999 | -$319,999 | -$319,999 | 2008-06-20 | 2017-03-31 |
| 2000000 INDUSTRIAL ORIGAMI SERIES D PREF | P | $0 | $200,000 | -$200,000 | -$200,000 | 2011-12-12 | 2017-03-31 |
| 1450228 INDUSTRIAL ORIGAMI SERIES D FROM NOTE | P | $0 | $108,767 | -$108,767 | -$108,767 | 2017-03-31 | |
| 25600000 INDUSTRIAL ORIGAMI SERIES D-1 PREFERRED | P | $0 | $256,000 | -$256,000 | -$256,000 | 2017-03-31 | |
| GMG CAPITAL PARTNERS | P | $83,501 | $83,382 | $119 | $119 | 2010-03-12 | 2017-08-15 |
| KENMARE OFFSHORE FUND | P | $3,356,413 | $951,130 | $2,405,283 | $2,405,283 | 2002-10-31 | 2017-09-30 |
| SIT ALPHA III BOND FUND | P | $2,269,369 | $1,846,062 | $423,307 | $423,307 | 2010-12-01 | 2017-10-31 |
| SPEECE THORSON MIDCAP VALUE | P | $4,275,628 | $3,059,878 | $1,215,750 | $1,215,750 | 2006-07-21 | 2017-11-30 |
| CAPITAL GAIN DIVIDENDS | P | $310,834 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $9,972,988 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $8,866,828 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $199,042,061 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.044548 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $9,399,383 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $207,545,428 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.045288 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $9,679,151 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $211,563,481 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.045751 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $9,530,200 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $202,146,851 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.047145 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $6,609,945 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $194,328,151 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.034014 | DistributionYr5Rt |
| Total Distribution | 0.216746 | TotalDistributionRt |
| Average Distribution | 0.043349 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $216,584,997 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $9,388,743 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $134,444 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $9,523,187 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $9,239,250 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $268,888 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $268,888 | SubtotalAmt |
| Tax Based On Investment Income | $268,888 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $284,256 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $80,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $364,256 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $72 | EsPenaltyAmt |
| Overpayment | $95,296 | OverpaymentAmt |
| Applied To ES Tax | $95,296 | 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 | Yes (true) | 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 | 2 CARLSON PKY STE 110 | AddressLine1Txt |
| City | PLYMOUTH | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55447 | 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 | Yes (true) | 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 |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 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 | ||||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | PRESIDENT (1/1-4/30), TRUSTEE | 40.0 | $80,828 | $6,420 | $0 |
| MARILYN C NELSON | ||||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | TRUSTEE, TREASURER | 1.0 | $6,000 | $0 | $0 |
| DIANA L NELSON | ||||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
| WENDY M NELSON | ||||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | TRUSTEE, CHAIR (5/1-12/31) | 1.0 | $6,000 | $0 | $0 |
| RICHARD C GAGE | ||||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
| GEOFFREY C GAGE | ||||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
| C DAVID NELSON | ||||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | SECRETARY | 40.0 | $291,564 | $13,893 | $0 |
| SCOTT C GAGE | ||||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| JULIE PILARSKI | |||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | EXECUTIVE ASSISTANT | 40.0 | $76,763 | $3,553 |
| JOAN WEIS | |||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | GRANTS MANAGER | 40.0 | $82,678 | $9,027 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TONKAWA INC | |||||
| 301 CARLSON PARKWAY SUITE 275 | MINNETONKA | MN | 55305 | PROFESSIONAL | $1,612,856 |
| CITIBANK | |||||
| 153 EAST 53rd STREET | NEW YORK | NY | 10043 | CUSTODY | $102,594 |
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 | $134,990,477 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $12,418,008 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $72,474,761 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $219,883,246 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $219,883,246 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,298,249 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $216,584,997 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $10,829,250 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $10,829,250 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $268,888 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $0 | IncomeTaxAmt |
| Total Tax | $268,888 | TotalTaxAmt |
| Distributable Before Adj | $10,560,362 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $10,560,362 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $10,560,362 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $9,239,250 | 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 | $9,239,250 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $9,239,250 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $10,560,362 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $4,620,826 | UndistributedIncomePYAmt |
| Prior Year1 | 2015 | PriorYear1Yr |
| Prior Year2 | 2014 | PriorYear2Yr |
| Prior Year3 | 2013 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $9,239,250 | QualifyingDistributionsAmt |
| Applied To Year1 | $4,620,826 | AppliedToYear1Amt |
| Applied To Current Year | $4,618,424 | 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 | $5,941,938 | 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 | 550 TONKAWA ROAD | AddressLine1Txt |
| City | LONG LAKE | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55356 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 9524045605 | RecipientPhoneNum |
| Form And Info And Materials | THE CARLSON FAMILY FOUNDATION REQUIRES THAT ALL REQUESTS FOR FUNDING BE COMPLETED VIA OUR ONLINE APPLICATION. IN ADDITION TO COMPLETING THE ONLINE APPLICATION, COPIES OF THE FOLLOWING ITEMS ARE REQUIRED: IRS DETERMINATION LETTER CERTIFYING CURRENT 501(C)(3) TAX-EXEMPT STATUS, ORGANIZATION'S ANNUAL OPERATING BUDGET FOR CURRENT FISCAL YEAR, PROJECT OR PROGRAM BUDGET, MOST RECENT AUDITED FINANCIAL STATEMENTS, LISTING OF BOARD OF DIRECTORS, MOST RECENT ANNUAL REPORT. IF APPLYING FOR YOUTH MENTORING GRANT, COMPLETION OF THE MENTORING PARTNERSHIP OF MINNESOTA'S QUALITY MENTORING ASSESSMENT PATH (QMAP) IS REQUIRED BEFORE SUBMITTING AN APPLICATION. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | PROPOSALS MUST BE RECEIVED BY JANUARY 1, APRIL 1, OR JULY 1. TRUSTEE MEETINGS ARE HELD IN APRIL, JUL | SubmissionDeadlinesTxt |
| Restrictions On Awards | BECAUSE OF THE HIGH VOLUME OF FUNDING REQUESTS RECEIVED, THE FOUNDATION MUST OFTEN DECLINE TO SUPPORT PROPOSALS OF OBVIOUS MERIT WHICH ARE EITHER OUTSIDE THE FOUNDATION'S GUIDELINES OR BEYOND ITS AVAILABLE RESOURCES. | 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 | STATEMENT ATTACHED | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55356 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | GENERAL OPERATING SUPPORT | GrantOrContributionPurposeTxt |
| Amt | $8,214,660 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $8,214,660 | 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 | STATEMENT ATTACHED | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55356 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | GENERAL OPERATING SUPPORT | GrantOrContributionPurposeTxt |
| Amt | $1,492,500 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $1,492,500 | 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 |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,174,191 | 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 Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $7,237,504 | 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 | $13,411,695 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $13,411,695 | 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 | $24,020 | Amt |
| Net Investment Income | $16,500 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $5,500 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $12,577 | LegalFeesAmt |
| Net Investment Income | $495 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $12,082 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| DUES & SUBSCRIPTIONS | $37,356 | $37,356 | |
| TECHNOLOGY/WEBSITE | $92,284 | $92,284 | |
| POSTAGE & FREIGHT | $3,535 | $3,535 | |
| TELEPHONE | $15,334 | $15,334 | |
| OFFICE SUPPLIES | $18,330 | $18,330 | |
| COMMUNICATIONS | $51,823 | $51,823 | |
| OTHER EXPENSES | $1,127 | $1,127 | |
| DEDUCTIONS FROM PSHIPS | $504,812 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|
| OTHER PORTFOLIO INCOME FROM PARTNERSHIPS | $660 |
| OTHER INCOME FROM PARTNERSHIPS | -$11,125 |
| ORDINARY INCOME FROM PARTNERSHIPS | -$101,811 |
| RENTAL INCOME FROM PARTNERSHIPS | -$17,670 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| INCREASE IN UNREALIZED APPRECIATION OF | $15,610,411 |
| 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 | $869,543 | $869,543 | |
| TONKAWA PROFESSIONAL SERVICES | $97,000 | $72,750 | $24,250 |
| TONKAWA TAX FEES | $42,000 | $18,900 | $6,300 |
| MISC PORTFOLIO & BANK FEES | $94,229 | $104,331 | |
| MDA LEADERSHIP | $3,000 | $3,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (6 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| FEDERAL TAX ON NET INVESTMENT | $335,000 | ||
| UNRELATED BUSINESS INCOME TAX | $1,000 | ||
| STATE UBIT | $21,208 | ||
| STATE FILING FEE | $25 | $25 | |
| FOREIGN TAX WITHHOLDING-CITI | $61,194 | $61,194 | |
| FOREIGN TAX FROM PSHIPS | $52,539 |
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