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MICHAEL AND BRITTANY REGER FAMILY FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
MICHAEL AND BRITTANY REGER FAMILY FOUNDATION (EIN 27-4434063)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-11
IRS object ID
201731319349100223
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

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

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-05-11T08:07:47-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN411227298PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CUMMINGS KEEGAN & CO PLLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1600 HIGHWAY 169 SOUTH STE 1625AddressLine1Txt
CityST LOUIS PARKCityNm
State AbbreviationMNStateAbbreviationCd
ZIP554261209ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN274434063EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL & BRITTANY REGER FAMILY FDNBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMICHBusinessNameControlTxt
Phone9529231050PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1328 BARRY AVE S SUITE 310AddressLine1Txt
CityWAYZATACityNm
State AbbreviationMNStateAbbreviationCd
ZIP55391ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL REGERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6517559504PhoneNum
Signature2017-05-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARYGEN HOEHN REUTZELPreparerPersonNm
PTINP00071570PTIN
Phone9523452500PhoneNum
Preparation2017-05-02PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device Id0E9D2170639AB9BDBDC4F7EA40711370856E8E39AtSubmissionCreationDeviceId
At Submission Filing Device IdF128FBFAE62760740EF14B674CB75946EFB2991CAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$267,273FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$15InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$15InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$5,774,816NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$199,984GrossSalesPriceAmt
Total Rev And Expnss-$5,774,801TotalRevAndExpnssAmt
Total Net Invst Incm$15TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,600AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,600AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$25OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$25OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,625TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,625TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$206,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$206,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$208,325TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,625TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$206,700TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$5,983,126ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$171,702CashBOYAmt
Cash EOY$157,273CashEOYAmt
Cash EOYFMV$157,273CashEOYFMVAmt
Corporate Stock BOY$6,896,400CorporateStockBOYAmt
Corporate Stock EOY$921,600CorporateStockEOYAmt
Corporate Stock EOYFMV$110,000CorporateStockEOYFMVAmt
Total Assets BOY$7,068,102TotalAssetsBOYAmt
Total Assets EOY$1,078,873TotalAssetsEOYAmt
Total Assets EOYFMV$267,273TotalAssetsEOYFMVAmt
Loans From Officers BOY$6,103LoansFromOfficersBOYAmt
Total Liabilities BOY$6,103TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$7,061,999UnrestrictedBOYAmt
Unrestricted EOY$1,078,873UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$7,061,999TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,078,873TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$7,068,102TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,078,873TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$7,061,999TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$5,983,126ExcessRevenueOverExpensesAmt
Subtotal$1,078,873SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,078,873TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$167,690AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$2,206,878NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.075985DistributionYr1Rt
Adjusted Qlfy Distri Yr2$327,700AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$4,164,357NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.078692DistributionYr2Rt
Adjusted Qlfy Distri Yr3$297,200AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$5,710,102NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.052048DistributionYr3Rt
Adjusted Qlfy Distri Yr4$162,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$3,071,174NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.052749DistributionYr4Rt
Adjusted Qlfy Distri Yr5$81,500AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,793,221NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.045449DistributionYr5Rt
Total Distribution0.304923TotalDistributionRt
Average Distribution0.060985AverageDistributionRt
Net Vl Noncharitable Assets$364,042NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$22,201AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$22,201AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$206,700QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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 GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksBRITTANY REGERIndividualWithBooksNm
Phone9529231050PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1328 BARRY AVE S SUITE 310AddressLine1Txt
CityWAYZATACityNm
State AbbreviationMNStateAbbreviationCd
ZIP55391ZIPCd
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
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL REGER
3565 FREDERICK STORONOMN55391PRESIDENT000.00$0$0$0
BRITTANY REGER
3565 FREDERICK STORONOMN55391DIRECTOR000.00$0$0$0
JOSEPH REGER
3038 1/2 R STREET NWWASHINGTONDC20007DIRECTOR000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$227,660AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$141,926AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$369,586TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$369,586AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,544CashDeemedCharitableAmt
Net Vl Noncharitable Assets$364,042NetVlNoncharitableAssetsAmt
Minimum Investment Return$18,202MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$18,202MinimumInvestmentReturnAmt
Distributable Before Adj$18,202DistributableBeforeAdjAmt
Distributable Before Ded$18,202DistributableBeforeDedAmt
Distributable As Adjusted$18,202DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$206,700ExpensesAndContributionsAmt
Qualifying Distributions$206,700QualifyingDistributionsAmt
Adjusted Qualifying Distri$206,700AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$18,202DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$8,293ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$119,482ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$57,346ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$185,121TotalExcessDistributionCyovAmt
Qualifying Distributions$206,700QualifyingDistributionsAmt
Applied To Current Year$18,202AppliedToCurrentYearAmt
Remaining Distri From Corpus$188,498RemainingDistriFromCorpusAmt
Total Corpus$373,619TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$373,619ExcessDistriCyovToNextYrAmt
Excess From Year3$8,293ExcessFromYear3Amt
Excess From Year2$119,482ExcessFromYear2Amt
Excess From Year1$57,346ExcessFromYear1Amt
Excess From Current Year$188,498ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CAMP CAMBRIA FOUNDATION
1876 MINNEHAHA AVE WST PAULMN55104CHARITABLE$25,000
DWB MEMORIAL FOUNDATION
4711 SHADY OAK ROADHOPKINSMN55343CHARITABLE$3,000
JDRF
26 BROADWAYNEW YORKNY10004CHARITABLE$1,000
MINNEAPOLIS INSTITUTE OF ART
2400 3RD AVE SMINNEAPOLISMN55404CHARITABLE$53,400
ORONO FOUNDATION FOR EDUCATION
POB 124MAPLE PLAINMN55359CHARITABLE$42,700
UNIVERSITY OF ST THOMAS
2115 SUMMIT AVEST PAULMN55105CHARITABLE$31,000
LIFETIME FITNESS FOUNDATION
2901 CORPORATE PLACECHANHASSENMN55317CHARITABLE$33,500
HOMEWARD BOUND
12805 HWY 55 400MINNEAPOLISMN55441CHARITABLE$600
UNIVERISTY OF MN FOUNDATION
200 SE OAK STREET 500MINNEAPOLISMN55455CHARITABLE$10,500
THE LEAD PROJECT
5640 ELLIOT AVENUEMINNEAPOLISMN55417CHARITABLE$5,000
ARTHRITIS FOUNDATION
1876 MINNEHAHA AVE W 1ST PAULMN55104CHARITABLE$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$206,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$15ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$5,774,816ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$5,774,801ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$5,774,801TotalIncomeProducingActyAmt

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)
CategoryCKCOCategoryTxt
Amt$1,600Amt
Net Investment Income$1,600NetInvestmentIncomeAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (12 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
139,387 SHS DAKOTA PLAINS HLDGS, INC2011-12DONATION2016-06$17,535$528,198-$510,663
70,419 SHS DAKOTA PLAINS HLDGS, INC2011-12DONATION2016-06$7,801$266,848-$259,047
184,900 SHS DAKOTA PLAINS HLDGS, INC2011-12DONATION2016-06$22,469$700,666-$678,197
97,040 SHS DAKOTA PLAINS HLDGS, INC2011-12DONATION2016-06$11,366$367,727-$356,361
26,452 SHS DAKOTA PLAINS HLDGS, INC2011-12DONATION2016-06$3,558$100,238-$96,680
252,355 SHS DAKOTA PLAINS HLDGS, INC2011-12DONATION2016-06$29,998$956,283-$926,285
267,393 SHS DAKOTA PLAINS HLDGS, INC2013-01DONATION2016-06$35,813$1,013,268-$977,455
227,819 SHS DAKOTA PLAINS HLDGS, INC2013-01DONATION2016-06$30,605$863,305-$832,700
100,000 SHS DAKOTA PLAINS HLDGS, INC2013-01DONATION2016-06$12,506$378,943-$366,437
15,700 SHS DAKOTA PLAINS HLDGS, INC2013-01DONATION2016-06$2,204$59,494-$57,290
10,600 SHS DAKOTA PLAINS HLDGS, INC2013-01DONATION2016-06$1,270$40,168-$38,898
184,635 SHS DAKOTA PLAINS HLDGS, INC2013-01DONATION2016-06$24,859$699,662-$674,803

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
40,000 SHS NORTHERN OIL & GAS$921,600$110,000
1,576,700 SHS DAKOTA PLAINS

Loans From Officers Schedule LoansFromOfficersSchedule

Loans From Officer LoansFromOfficerGrp

FieldValueIRS element (for citing)
Lender PersonMICHAEL REGERLenderPersonNm
TitlePRESIDENTTitleTxt
Loan Original$2,322LoanOriginalAmt
Repayment TermsDEMANDRepaymentTermsTxt
Loan PurposeEXPENSES PAID BEFORE CHECKING OPENLoanPurposeTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
ANNUAL RENEWAL - MN$25$25

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