BETA

CARR FAM FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
CARR FAM FOUNDATION (EIN 32-6182936)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-05-07
IRS object ID
201411279349101521
Schema version
2013v3.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2014-05-07T14:04:00-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HOFFMAN & BROBST PLLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 548AddressLine1
CityMARSHALLCity
StateMNState
ZIP Code56258ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN326182936EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE CARR FAMILY FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlCARRBusinessNameControlTxt
Phone5075322291PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1215AddressLine1
CityMARSHALLCity
StateMNState
ZIP Code56258ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT L CARRPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone5075322291PhoneNum
Signature2014-05-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBARRY EVENSTAD CPAPreparerPersonNm
PTINP00121807PTIN
Phone5075325735PhoneNum
Preparation2014-05-07PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$996,751FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$100,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$28,505DividendsRevAndExpnssAmt
Dividends Net Invst Incm$28,505DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$14,636NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$115,470GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$12,846CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$143,141TotalRevAndExpnssAmt
Total Net Invst Incm$41,351TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$1,103LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$1,103LegalFeesNetInvstIncmAmt
Accounting Fees Rev And Expnss$785AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$785AccountingFeesNetInvstIncmAmt
Interest Rev And Expnss$84InterestRevAndExpnssAmt
Interest Net Invst Incm$84InterestNetInvstIncmAmt
Taxes Rev And Expnss$201TaxesRevAndExpnssAmt
Taxes Net Invst Incm$201TaxesNetInvstIncmAmt
Printing And Pub Rev And Expnss$22PrintingAndPubRevAndExpnssAmt
Printing And Pub Net Invst Incm$22PrintingAndPubNetInvstIncmAmt
Other Expenses Rev And Expnss$50OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$50OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,245TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,245TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$120,685ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$120,685ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$122,930TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,245TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$120,685TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$20,211ExcessRevenueOverExpensesAmt
Net Investment Income$39,106NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,186CashBOYAmt
Cash EOY$5,204CashEOYAmt
Cash EOYFMV$5,204CashEOYFMVAmt
Corporate Stock BOY$670,699CorporateStockBOYAmt
Corporate Stock EOY$669,977CorporateStockEOYAmt
Corporate Stock EOYFMV$868,014CorporateStockEOYFMVAmt
Other Investments BOY$100,447OtherInvestmentsBOYAmt
Other Investments EOY$118,700OtherInvestmentsEOYAmt
Other Investments EOYFMV$123,533OtherInvestmentsEOYFMVAmt
Total Assets BOY$775,332TotalAssetsBOYAmt
Total Assets EOY$793,881TotalAssetsEOYAmt
Total Assets EOYFMV$996,751TotalAssetsEOYFMVAmt
Other Liabilities BOY$1,662OtherLiabilitiesBOYAmt
Total Liabilities BOY$1,662TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$773,670UnrestrictedBOYAmt
Unrestricted EOY$793,881UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$773,670TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$793,881TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$775,332TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$793,881TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$773,670TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$20,211ExcessRevenueOverExpensesAmt
Subtotal$793,881SubtotalAmt
Tot Net Ast Or Fund Balances EOY$793,881TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$12,846CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$18,099AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$626,505NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.028889DistributionYr1Rt
Net Vl Noncharitable Assets Yr2$43,013NetVlNoncharitableAssetsYr2Amt
Total Distribution0.028889TotalDistributionRt
Average Distribution0.028889AverageDistributionRt
Net Vl Noncharitable Assets$842,604NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$24,342AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$391NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$24,733AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$120,685QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$391InvestmentIncomeExciseTaxAmt
Subtotal$391SubtotalAmt
Tax Based On Investment Income$391TaxBasedOnInvestmentIncomeAmt
Tax Due$391TaxDueAmt

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 ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksKATHY BARTZIndividualWithBooksNm
Phone5075322291PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1HIGHWAY 59 NORTHAddressLine1
CityMARSHALLCity
StateMNState
ZIP Code56258ZIPCode
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 (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ROBERT L CARR
PO BOX 409MARSHALLMN56258TRUSTEE5.00$0$0$0
PHYLLIS V CARR
PO BOX 409MARSHALLMN56258TRUSTEE5.00$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$737,891AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$4,695AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$112,850FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$855,436TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$855,436AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,832CashDeemedCharitableAmt
Net Vl Noncharitable Assets$842,604NetVlNoncharitableAssetsAmt
Minimum Investment Return$42,130MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$42,130MinimumInvestmentReturnAmt
Tax Based On Investment Income$391TaxBasedOnInvestmentIncomeAmt
Total Tax$391TotalTaxAmt
Distributable Before Adj$41,739DistributableBeforeAdjAmt
Distributable Before Ded$41,739DistributableBeforeDedAmt
Distributable As Adjusted$41,739DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$120,685ExpensesAndContributionsAmt
Qualifying Distributions$120,685QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$391PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$120,294AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$41,739DistributableAsAdjustedAmt
Undistributed Income PY$14,958UndistributedIncomePYAmt
Qualifying Distributions$120,685QualifyingDistributionsAmt
Applied To Year1$14,958AppliedToYear1Amt
Applied To Current Year$41,739AppliedToCurrentYearAmt
Remaining Distri From Corpus$63,988RemainingDistriFromCorpusAmt
Total Corpus$63,988TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$63,988ExcessDistriCyovToNextYrAmt
Excess From Current Year$63,988ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
HOUSE OF HOPE MINNESOTA INC
1302 PINEHURSTMARSHALLMN56258NONE501-C(3)RESIDENTIAL GROUP HOME FOR GIRLS$5,000
FELLOWSHIP FOR CHRISTIAN ATHLETES
8701 LEEDS ROADKANSAS CITYMO64129NONE501-(C)3PROVIDE SCHOLARSHIPS FOR LOCAL YOUTH$1,160
PRIDE IN THE TIGER FOUNDATION
400 TIGER DRIVEMARSHALLMN56258NONE501-(C)3PROVIDE 5 SCHOLARSHIPS TO STUDENTS$12,500
MARSHALL AREA CHRISTIAN SCHOOL
601 E COLLEGE DRIVEMARSHALLMN56258NONE501-C-3EDUCATION$1,000
CARING BRIDGE
1715 YANKEE DOODLE ROADEAGANMN55121NONE501-C-3CHARITABLE ACTIVITIES$25
AVERA CANCER CENTER
300 S BRUCE STREETMARSHALLMN56258NONE501-C-3HEALTH CARE$100,000
SW MN INITIATIVE FOUNDATION
15 3RD AVENUE NWHUTCHINSONMN55350NONE501-C-3CHARITABLE ACTIVITIES$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$120,685TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$28,505RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$14,636RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$43,141RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$43,141TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonROBERT L CARRContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 409AddressLine1
CityMARSHALLCity
StateMNState
ZIP Code56258ZIPCode
FieldValueIRS element (for citing)
Total Contributions$100,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$785Amt
Net Investment Income$785NetInvestmentIncomeAmt

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (2 entries)

ROBERT L CARR
PHYLLIS V CARR

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
300 NORFOLK SOUTHERN CO2011-11PURCHASE2013-04$22,624$21,978$646
2583.97 MAINSTAY CORNERSTONE GROWTH2012-06PURCHASE2013-05$80,000$78,856$1,144

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
5,469 BEST BUY$156,411$225,083
2,371 CSX CORP$52,474$69,806
775 CVS CAREMARK$34,316$55,467
728 CHEVRON CORP$79,484$93,957
807 FASTENAL CORP$35,635$39,009
2,216 FREEPORT MCMORAN$88,693$86,907
3,206 GENERAL ELECTRIC$54,364$92,799
2,416 ELI LILLY$101,563$127,870
720 NORFOLK SOUTHERN$31,697$40,244
407 PHILLIP MORRIS$35,340$36,872

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMAINSTAYMUTUAL FUNDSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$118,700BookValueAmt
EOYFMV$123,533EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLAWYER FEESCategoryTxt
Legal Fees$1,103LegalFeesAmt
Net Investment Income$1,103NetInvestmentIncomeAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
STATE FILING FEES$50$50

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescMARGIN LOANDesc
BOY Book Value$1,662BOYBookValueAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonROBERT L CARRPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 409AddressLine1
CityMARSHALLCity
StateMNState
ZIP Code56258ZIPCode

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIRSCategoryTxt
Amt$201Amt
Net Investment Income$201NetInvestmentIncomeAmt

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