THE CURTIS L CARLSON FAMILY FOUNDATION: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- THE CURTIS L CARLSON FAMILY FOUNDATION (EIN 41-6028973)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-14
- IRS object ID
- 201743189349101374
- Schema version
- 2016v3.1
- 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
- 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 | 2017-11-14T12:09:26-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | 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 | 301 CARLSON PARKWAY SUITE 275 | AddressLine1Txt |
| City | MINNETONKA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55305 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | 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 | C DAVID NELSON | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 9524045636 | PhoneNum |
| Signature | 2017-11-15 | 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 | 9524045600 | PhoneNum |
| Preparation | 2017-11-15 | 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 | 41683920173185000000 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2017-11-14 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 693ECCAE4B8F77BEE47D60E0E23C73D6F38BDEB8 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 693ECCAE4B8F77BEE47D60E0E23C73D6F38BDEB8 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2018-03-14 21:41:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $206,082,446 | 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 | $7,661,121 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $7,185,851 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,186,500 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $28,296,679 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $5,913,554 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Net Invst Incm | $793,608 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $11,847,621 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $13,893,013 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $512,771 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $512,771 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $265,644 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $265,644 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $55,797 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $55,797 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $17,788 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $495 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $17,293 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $19,800 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $14,850 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $4,950 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $889,195 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $723,927 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $151,906 | OtherProfFeesDsbrsChrtblAmt |
| Interest Net Invst Incm | $54,189 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $199,342 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $93,502 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $25 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $138,231 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $138,231 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $97,918 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $395,831 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $97,918 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,196,486 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,282,794 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,244,535 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $7,622,293 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $7,622,293 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $9,818,779 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,282,794 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $8,866,828 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,028,842 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $12,610,219 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $4,035,467 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $52,175,074 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $52,175,074 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $68,412,433 | CorporateStockBOYAmt |
| Corporate Stock EOY | $70,010,814 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $70,010,814 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $16,504,411 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $16,934,626 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $16,934,626 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $112,961,533 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $66,961,932 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $66,961,932 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $201,913,844 | TotalAssetsBOYAmt |
| Total Assets EOY | $206,082,446 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $206,082,446 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $201,913,844 | UnrestrictedBOYAmt |
| Unrestricted EOY | $206,082,446 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $201,913,844 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $206,082,446 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $201,913,844 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $206,082,446 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $201,913,844 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,028,842 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,139,760 | OtherIncreasesAmt |
| Subtotal | $206,082,446 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $206,082,446 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | SoldSoldDt | AcquiredAcquiredDt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $22,073,752 | $20,173,109 | $1,900,643 | $1,900,643 | |||
| SPELL CAPITAL PARTNERS | $486,272 | $489,950 | -$3,678 | -$3,678 | 2016-03-28 | ||
| KENMARE OFFSHORE FUND LTD | $2,500,000 | $1,001,687 | $1,498,313 | $1,498,313 | 2016-09-30 | ||
| HALO INNOVATIONS | $1,625,876 | $290,000 | $1,335,876 | $1,335,876 | 2016-12-21 | 2001-09-28 | |
| ZELL CHILMARK ESCROW PROCEEDS | $8,272 | $0 | $8,272 | $8,272 | 2016-06-30 | ||
| CARLYLE HIGH YIELD PTRS VIII | $309,687 | $421,968 | -$112,281 | -$112,281 | 2016-11-21 | 2006-05-23 | |
| SHERPA TREK | $2,433 | $6,411 | -$3,978 | -$3,978 | 2016-12-31 | ||
| CAPITAL GAIN DIVIDENDS | $212,056 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $5,913,554 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $9,399,383 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $207,545,428 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.045288 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $9,679,151 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $211,563,481 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.045751 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $9,530,200 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $202,146,851 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.047145 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $6,609,945 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $194,328,151 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.034014 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $6,282,770 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $103,661,824 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.060608 | DistributionYr5Rt |
| Total Distribution | 0.232806 | TotalDistributionRt |
| Average Distribution | 0.046561 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $199,042,061 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $9,267,597 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $126,102 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $9,393,699 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $8,866,828 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $252,204 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $252,204 | SubtotalAmt |
| Tax Based On Investment Income | $252,204 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $201,460 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $150,000 | AppliedToEsTaxAmt |
| Total Payments And Credits | $351,460 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $99,256 | OverpaymentAmt |
| Applied To ES Tax | $99,256 | 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 | 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 | clcfamilyfoundation.com | 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 | 301 CARLSON PARKWAY SUITE 275 | AddressLine1Txt |
| City | MINNETONKA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55305 | 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 | 40.0 | $220,489 | $18,519 | $0 |
| MARILYN C NELSON | ||||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | TRUSTEE | 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 | 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 | $256,282 | $14,006 | $0 |
| GINA M GAGE | ||||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | TRUSTEE | 1.0 | $6,000 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| KATHERINE FRIESZ | ||||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | SR PROGRAM OFFICER | 40.0 | $121,189 | $11,829 | $0 |
| JULIE PILARSKI | ||||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | EXECUTIVE ASSISTANT | 40.0 | $69,438 | $2,831 | $0 |
| JOAN WEIS | ||||||||
| 550 TONKAWA ROAD | LONG LAKE | MN | 55356 | GRANTS MANAGER | 40.0 | $75,017 | $8,612 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 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 | $1,491,241 |
| CITIBANK | |||||
| 153 EAST 53rd STREET | NEW YORK | NY | 10043 | CUSTODY | $71,657 |
| FSG INC | |||||
| 500 BOYLSTON ST SUITE 600 | BOSTON | MA | 02116 | CONSULTING | $117,563 |
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 | $84,344,776 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $7,241,472 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $110,486,910 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $202,073,158 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $202,073,158 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,031,097 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $199,042,061 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $9,952,103 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $9,952,103 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $252,204 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $252,204 | TotalTaxAmt |
| Distributable Before Adj | $9,699,899 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $9,699,899 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $9,699,899 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $8,866,828 | 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 | $8,866,828 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $8,866,828 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $9,699,899 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $3,787,755 | UndistributedIncomePYAmt |
| Prior Year1 | 2014 | PriorYear1Yr |
| Prior Year2 | 2013 | PriorYear2Yr |
| Prior Year3 | 2012 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $8,866,828 | QualifyingDistributionsAmt |
| Applied To Year1 | $3,787,755 | AppliedToYear1Amt |
| Applied To Current Year | $5,079,073 | 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 | $4,620,826 | 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 | SEE ATTACHMENT 14 OR VISIT WWW.CLCFAMILYFOUNDATION.COM | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | SEE ATTACHMENT 14 OR VISIT WWW.CLCFAMILYFOUNDATION.COM | SubmissionDeadlinesTxt |
| Restrictions On Awards | SEE ATTACHMENT 14 OR VISIT WWW.CLCFAMILYFOUNDATION.COM | 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 | $7,622,293 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $7,622,293 | 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 | $1,279,500 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $1,279,500 | 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 | $7,661,121 | 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 | $4,186,500 | 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 | $11,847,621 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $11,847,621 | 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 | $19,800 | Amt |
| Net Investment Income | $14,850 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $4,950 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $17,788 | LegalFeesAmt |
| Net Investment Income | $495 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $17,293 | 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 | $34,295 | $34,295 | |
| TECHNOLOGY/WEBSITE | $25,143 | $25,143 | |
| POSTAGE & FREIGHT | $3,672 | $3,672 | |
| TELEPHONE | $13,779 | $13,779 | |
| OFFICE SUPPLIES | $18,464 | $18,464 | |
| COMMUNICATIONS | $2,110 | $2,110 | |
| OTHER EXPENSES | $455 | $455 | |
| DEDUCTIONS FROM PSHIPS | $395,831 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|
| OTHER PORTFOLIO INCOME FROM PARTNERSHIPS | -$17 |
| OTHER INCOME FROM PARTNERSHIPS | $797,942 |
| ORDINARY INCOME FROM PARTNERSHIPS | $4,448 |
| RENTAL INCOME FROM PARTNERSHIPS | -$8,765 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| INCREASE IN UNREALIZED APPRECIATION OF | $2,139,760 |
| ASSETS | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (7 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| TONKAWA INVESTMENT FEES | $563,011 | $563,011 | |
| TONKAWA PROFESSIONAL SERVICES | $93,000 | $69,750 | $23,250 |
| TONKAWA TAX FEES | $40,000 | $18,000 | $6,000 |
| MISC PORTFOLIO & BANK FEES | $70,528 | $73,166 | |
| RAINBOW RESEARCH FEES | $2,843 | $2,843 | |
| FSG INC | $117,563 | $117,563 | |
| LANSBERG GERSICK | $2,250 | $2,250 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (6 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| FEDERAL TAX ON NET INVESTMENT | $160,000 | ||
| UNRELATED BUSINESS INCOME TAX | |||
| STATE UBIT | $13,100 | ||
| STATE FILING FEE | $25 | $25 | |
| FOREIGN TAX WITHHOLDING-CITI | $26,217 | $26,217 | |
| FOREIGN TAX FROM PSHIPS | $67,285 |
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