FURP.ORG / PUBLIC DATA EXPLORER

FITSEN INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
FITSEN INC (EIN 47-5534530)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-08-13
IRS object ID
201832259349100313
Schema version
2017v2.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-08-13T12:06:29-07:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Paul E Strot LtdBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line117808 Old Excelsior BoulevardAddressLine1Txt
CityMinnetonkaCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55345ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN475534530EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FiTSEN IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFITSBusinessNameControlTxt
Phone9524408467PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line120426 Lynn DrAddressLine1Txt
CityPrior LakeCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55372ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM MENGERSHAUSENPersonNm
Person TitleOFFICERPersonTitleTxt
Phone9524408467PhoneNum
Signature2018-08-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL E STROT CPAPreparerPersonNm
PTINP00042398PTIN
Phone9524705877PhoneNum
Preparation2018-08-13PreparationDt
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$53,897FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$42,244ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$562DividendsRevAndExpnssAmt
Dividends Net Invst Incm$562DividendsNetInvstIncmAmt
Dividends Adj Net Incm$562DividendsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$236CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$236NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss$802OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$43,608TotalRevAndExpnssAmt
Total Net Invst Incm$798TotalNetInvstIncmAmt
Total Adj Net Incm$798TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$3,062LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$700AccountingFeesRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$2,142TravConfMeetingRevAndExpnssAmt
Printing And Pub Rev And Expnss$88PrintingAndPubRevAndExpnssAmt
Other Expenses Rev And Expnss$483OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$6,475TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$32,950ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$32,950ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$39,425TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$32,950TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$4,183ExcessRevenueOverExpensesAmt
Net Investment Income$798NetInvestmentIncomeAmt
Adjusted Net Income$798AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$6,449CashBOYAmt
Cash EOY$11,088CashEOYAmt
Cash EOYFMV$11,088CashEOYFMVAmt
Corporate Stock BOY$43,265CorporateStockBOYAmt
Corporate Stock EOY$42,809CorporateStockEOYAmt
Corporate Stock EOYFMV$42,809CorporateStockEOYFMVAmt
Total Assets BOY$49,714TotalAssetsBOYAmt
Total Assets EOY$53,897TotalAssetsEOYAmt
Total Assets EOYFMV$53,897TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$49,714UnrestrictedBOYAmt
Unrestricted EOY$53,897UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$49,714TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$53,897TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$49,714TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$53,897TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$49,714TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$4,183ExcessRevenueOverExpensesAmt
Subtotal$53,897SubtotalAmt
Tot Net Ast Or Fund Balances EOY$53,897TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property500 sh JP Morgan ChasePropertyDesc
How AcquiredDHowAcquiredCd
Acquired2016-12-20AcquiredDt
Sold2017-01-11SoldDt
Gross Sales Price$43,501GrossSalesPriceAmt
Depreciation$0DepreciationAmt
Cost Or Other Basis$43,265CostOrOtherBasisAmt
Gain Or Loss$236GainOrLossAmt
FMV As Of123169$0FMVAsOf123169Amt
Adjusted Basis As Of123169$0AdjustedBasisAsOf123169Amt
Excess FMV Over Adjusted Bss$0ExcessFMVOverAdjustedBssAmt
Gains Minus Excess Or Losses$236GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$236CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$236NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$15,950AdjustedQlfyDistriYr1Amt
Adjusted Qlfy Distri Yr2$2,155AdjustedQlfyDistriYr2Amt
Net Investment Income Pct$8NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$8AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$32,950QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$8InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$8SubtotalAmt
Tax Based On Investment Income$8TaxBasedOnInvestmentIncomeAmt
Original Return Tax Paid$0OriginalReturnTaxPaidAmt
Tax Due$8TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksWILLIAM MENGERSHAUSENIndividualWithBooksNm
Phone9524408467PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line120426 Lynn DrAddressLine1Txt
CityPrior LakeCityNm
State AbbreviationMNStateAbbreviationCd
ZIP553729751ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
RON GIBLIN
71 Mallard DrShakopeeMN55379President1.00$0$0$0
JULIE GIBLIN
71 Mallard DrShakopeeMN55379Vice President1.00$0$0$0
KATIE SCHUTZ
11640 SE 63rd AvePortlandOR97222Vice President1.00$0$0$0
WILLIAM MENGERSHAUSEN
20426 Lynn DrivePrior LakeMN55372Treasurer1.00$0$0$0
KAROLYN MENGERSHAUSEN
20426 Lynn DrivePrior LakeMN55372Secretary1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt
Expenses2$0Expenses2Amt
Expenses3$0Expenses3Amt
Expenses4$0Expenses4Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$8TaxBasedOnInvestmentIncomeAmt
Total Tax$8TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$32,950ExpensesAndContributionsAmt
Qualifying Distributions$32,950QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$8PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$32,942AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Qualifying Distributions$32,950QualifyingDistributionsAmt
Remaining Distri From Corpus$32,950RemainingDistriFromCorpusAmt
Total Corpus$32,950TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$32,950ExcessDistriCyovToNextYrAmt
Excess From Current Year$32,950ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerWILLIAM KAROLYN MENGERSHAUSEN CONTRContributingManagerNm
Shareholder ManagerNAShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MORELAND PRESBYTERIAN CHURCH
1814 SE Bybee BlvdPortlandOR97202nonenoneMOPSScholarship$1,000
Multomah University
8435 NE Glisan StPortlandOR97220noneErma DillerScholarship$22,000
Western Mennonite School
9045 Wallace Rd NWSalemOR97304noneScholarship$8,950
FRIENDSHIP CHURCH
17741 Fairlawn AvePrior LakeMN55372nonenoneFall YouthScholarship$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$32,950TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$562ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$562ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$562TotalIncomeProducingActyAmt

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)
CategoryHysjulien and Assoc. tax prepCategoryTxt
Amt$700Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
250 Sh JP Morgan$26,735$26,735
500 Sh US Bank$16,074$16,074

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryDewitt, Mackall et al Legal serviceCategoryTxt
Legal Fees$3,062LegalFeesAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescFlowers and mealsDesc
Revenue And Expenses Per Books$483RevenueAndExpensesPerBooksAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Market value increase in securities$566
Capital gain income$236