J N NELSON FAMILY FOUNDATION: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: J N NELSON FAMILY FOUNDATION (EIN 38-3342652)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-09-06
IRS object ID: 201142499349100304
Schema version: 2010v3.4
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
Schedule B
Accounting Fees Schedule
Compensation Explanation
Gain Loss Sale Other Assets Sch
Investments Corp Stock Schedule
Investments Other Schedule2
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-09-06T13:38:24-05:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LEWIS & KNOPF CPAS	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	5206 GATEWAY CENTRE SUITE 100	AddressLine1
City	FLINT	City
State	MI	State
ZIP Code	48507	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	383342652	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	J N NELSON FAMILY FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	JNNE	NameControl
Phone	8107677800	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	9095 S SAGINAW RD UNIT 13	AddressLine1
City	GRAND BLANC	City
State	MI	State
ZIP Code	48439	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JAY N NELSON	Name
Title	PRESIDENT	Title
Phone	8107677800	Phone
Date Signed	2011-08-26	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	KIM H LINDSAY	Name
Phone	8102384617	Phone
Date Prepared	2011-08-29	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	796026	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	168089	ContriReceivedRevAndExpnss
Dividends Rev And Expnss	17247	DividendsRevAndExpnss
Dividends Net Invst Incm	17247	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	7124	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	433573	GrossSalesPrice
Total Revenue And Expenses	192460	TotalRevenueAndExpenses
Total Net Investment Income	17247	TotalNetInvestmentIncome
Accounting Fees Rev And Expnss	3084	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	3084	AccountingFeesNetInvstIncm
Taxes Rev And Expnss	365	TaxesRevAndExpnss
Taxes Net Invst Incm	365	TaxesNetInvstIncm
Trav Conf Meeting Rev And Expnss	10642	TravConfMeetingRevAndExpnss
Trav Conf Meeting Net Invst Incm	5321	TravConfMeetingNetInvstIncm
Trav Conf Meeting Dsbrs Chrtbl Prps	5321	TravConfMeetingDsbrsChrtblPrps
Other Expenses Rev And Expnss	3748	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	3748	OtherExpensesNetInvstIncm
Tot Opr Expenses Rev And Expnss	17839	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	12518	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	5321	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	8700	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	8700	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	26539	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	12518	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	14021	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	165921	ExcessOfRevenueOverExpenses
Net Investment Income	4729	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	15422	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	109309	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	109309	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	349622	InvestmentsCorpStockBOY
Investments Corp Stock EOY	492989	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	557625	InvestmentsCorpStockEOYFMV
Investments Other BOY	186088	InvestmentsOtherBOY
Investments Other EOY	114755	InvestmentsOtherEOY
Investments Other EOYFMV	129092	InvestmentsOtherEOYFMV
Total Assets BOY	551132	TotalAssetsBOY
Total Assets EOY	717053	TotalAssetsEOY
Total Assets EOYFMV	796026	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	551132	RetainedEarningsBOY
Retained Earnings EOY	717053	RetainedEarningsEOY
Total Net Assets BOY	551132	TotalNetAssetsBOY
Total Net Assets EOY	717053	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	551132	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	717053	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	551132	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	165921	ExcessOfRevenueOverExpenses
Subtotal	717053	Subtotal
Total Net Assets Fund Balances EOY	717053	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	3634	QualifyingDistributionsYear1
Noncharitable Assets Year1	172066	NoncharitableAssetsYear1
Distribution Ratio Year1	0.021120	DistributionRatioYear1
Qualifying Distributions Year2	22576	QualifyingDistributionsYear2
Noncharitable Assets Year2	183370	NoncharitableAssetsYear2
Distribution Ratio Year2	0.123117	DistributionRatioYear2
Qualifying Distributions Year3	27200	QualifyingDistributionsYear3
Noncharitable Assets Year3	521996	NoncharitableAssetsYear3
Distribution Ratio Year3	0.052108	DistributionRatioYear3
Qualifying Distributions Year4	26981	QualifyingDistributionsYear4
Noncharitable Assets Year4	444258	NoncharitableAssetsYear4
Distribution Ratio Year4	0.060733	DistributionRatioYear4
Qualifying Distributions Year5	17079	QualifyingDistributionsYear5
Noncharitable Assets Year5	429298	NoncharitableAssetsYear5
Distribution Ratio Year5	0.039784	DistributionRatioYear5
Total Distribution Ratio	0.296862	TotalDistributionRatio
Average Distribution Ratio	0.059372	AverageDistributionRatio
Net Noncharitable Assets	629940	NetNoncharitableAssets
Adjusted Noncharitable Assets	37401	AdjustedNoncharitableAssets
One Percent Net Investment Income	47	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	37448	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	14021	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	95	InvestmentIncomeExciseTax
Subtotal	95	Subtotal
Tax Based On Investment Income	95	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	436	EstTaxPaymentsAndOverpayment
Total Credits And Payments	436	TotalCreditsAndPayments
Overpayment	341	Overpayment
Amount Credited To Next Year	341	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	MI	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	JAY NELSON	BooksInCareOfPersonName
Books In Care Of Phone Number	8107677800	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	9095 SSAGINAW STREET UNIT 13	AddressLine1
City	GRAND BLANC	City
State	MI	State
ZIP Code	48439	ZIPCode

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (5 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
JAY N NELSON
9095 S SAGINAW STREET UNIT 13	GRAND BLANC	MI	48439	PRES./TREAS.	1.00	0	0	0
MARILYN S NELSON
9095 S SAGINAW STREET UNIT 13	GRAND BLANC	MI	48439	VP/SEC.	1.00	0	0	0
ROBIN N NELSON
9095 S SAGINAW STREET UNIT 13	GRAND BLANC	MI	48439	DIRECTOR	1.00	0	0	0
BONNIE S NELSON
9095 S SAGINAW STREET UNIT 13	GRAND BLANC	MI	48439	DIRECTOR	1.00	0	0	0
DAVID N NELSON
9095 S SAGINAW STREET UNIT 13	GRAND BLANC	MI	48439	DIRECTOR	1.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Description1	N/A	Description1

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	570591	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	68942	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	639533	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	639533	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	9593	CashDeemedCharitable
Net Noncharitable Assets	629940	NetNoncharitableAssets
Minimum Investment Return	31497	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	31497	MinimumInvestmentReturn
Tax Based On Investment Income	95	TaxBasedOnInvestmentIncome
Total Tax	95	TotalTax
Distributable Amount Before Adj	31402	DistributableAmountBeforeAdj
Distributable Amount Before Ded	31402	DistributableAmountBeforeDed
Distributable Amount As Adjusted	31402	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	14021	ExpensesAndContributions
Qualifying Distributions	14021	QualifyingDistributions
Adj Qualifying Distributions	14021	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	31402	DistributableAmountAsAdjusted
Excess Distri Carryover Year4	1175	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	1814	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	13705	ExcessDistriCarryoverYear2
Total Excess Distri Carryover	16694	TotalExcessDistriCarryover
Qualifying Distributions	14021	QualifyingDistributions
Applied To Current Year	14021	AppliedToCurrentYear
Excess Distri Cyov App CY Corpus	16694	ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY	16694	ExcessDistriCyovAppliedCY
Undistributed Income CY	687	UndistributedIncomeCY

Supplementary Information SupplementaryInformation

Appication Submission Info AppicationSubmissionInfo

Field	Value	IRS element (for citing)
Recipient Name	JAY N NELSON	RecipientName

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	9095 S SAGINAW STREET UNIT 13	AddressLine1
City	GRAND BLANC	City
State	MI	State
ZIP Code	48439	ZIPCode

Field	Value	IRS element (for citing)
Recipient Phone Number	8107677800	RecipientPhoneNumber
Form And Info And Materials	APPLICATION FORMS CAN BE OBTAINED AT THE ADDRESS LISTED ABOVE.	FormAndInfoAndMaterials
Submission Deadlines	NONE	SubmissionDeadlines
Restrictions On Awards	LIMITATION ON AWARDS TO BE DETERMINED BY THE FOUNDATION'S BOARD OF DIRECTORS ON AN ANNUAL BASIS.	RestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
UNITED WAY OF GENESEE COU
PO BOX 949	FLINT	MI	48501	NONE	CHARITY	GENERAL	$2,500
FLINT INSTITUTE OF ARTS
1120 EKEARSLEY STREET	FLINT	MI	48502	NONE	CHARITY	GENERAL	$2,500
BRCH FOUNDATION
745 MEADOWS DRIVE	BOCA RATON	FL	33486	NONE	CHARITY	GENERAL	$2,500
SUMMIT COUNTY DAY SCHOOL
2161 GRANDIN ROAD	CINCINNATI	OH	45208	NONE	CHARITY	GENERAL	$1,200

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	8700	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$17,247	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$7,124	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$24,371	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	24371	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	X	Organization501c3ExemptPF
General Rule	X	GeneralRule

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	1	ContributorNumber
Contributor Name Individual	JAY N NELSON	ContributorNameIndividual

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	9095 S SAGINAW STREET UNIT 13	AddressLine1
City	GRAND BLANC	City
State	MI	State
ZIP Code	48439	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	168089	AggregateContributions
Person Contribution Type	X	PersonContributionType
Noncash Contribution Type	X	NoncashContributionType

Noncash Property NoncashProperty (2 entries)

Contributor Number From Part IContributorNumberFromPartI	Noncash Property DescriptionNoncashPropertyDescription	Fair Market ValueFairMarketValue	Date ReceivedDateReceived
1	600 SHS INTUIT	25863	2010-08-24
1	500 SHS TARGET	26750	2010-10-04

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	PROFESSINAL SERVICES	Category
Amount	$3,084	Amount
Net Investment Income	3084	NetInvestmentIncome

Compensation Explanation CompensationExplanation

Compensation Compensation (5 entries)

JAY N NELSON
MARILYN S NELSON
ROBIN N NELSON
BONNIE S NELSON
DAVID N NELSON

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset (5 entries)

NameName	Date AcquiredDateAcquired	How AcquiredHowAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	BasisBasis	Total NetTotalNet
SEE ATTACHED STATEMENT	2010-06	PURCHASE	2010-07	148324	148663	-339
SEE ATTACHED STATEMENT	2009-05	PURCHASE	2010-08	232895	225173	7722
SEE ATTACHED STATEMENT	2009-05	PURCHASE	2010-12	61		61
SEE ATTACHED STATEMENT	2010-08	PURCHASE	2010-08	52221	52613	-392
MFB NORTHERN FDS	2009-05	PURCHASE	2010-12	72		72

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (66 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
MFO VANGUARD FIXED INCOME	13127	13532
MFC SPDR GOLD	16975	22195
MFO PIMCO FDS	23849	27430
ABB LTD SPONSORED ADR
MFB NORTHERN MID CAP INDEX FD	26673	30609
MFC VANGUARD REIT ETF	15553	19656
MFC ISHARES TR MSCI	102511	110637
ISHARES TR RUSSELL	187314	209580
MFC VANGUARD INTL EQUITY	106987	123986
BHP BILLITON LTD SPONSORED
VANGUARD EMERGING MARKETS
ABBOTT LABORATORIES
ADOBE SYS INC COM
AFLAC INC
AIR PRODUCTS AND CHEMICALS, INC
APPLE INC
CHEVRON CORP COM
CISCO SYSTEMS INC
COSTCO WHOLESALE CORP
DANAHER CORP
DISNEY WALT CO
EMERSON ELECTRIC CO
F P L GROUP INC
GOOGLE INC CL A
HEWLETT PACKARD CO COM
INTERNATIONAL BUSINESS MACHS CORP
ITT CORP
JPMORGAN CHASE & CO
MEDCO HEALTH SOLUTIONS INC
PEPSICO INC
PG&E CORP
PROCTER & GAMBLE CO
RESEARCH IN MOTION LTD COM
SCHWAB CHARLES CORP
SIGMA-ALDRICH CORP
SPECTRA ENERGY CORP
TJX COS INC
TRANSOCEAN LTD SWITZERLAND
UNITED TECHNOLOGIES CORP
VERIZON COMMUNICATIONS COM
WALMART STORES INC
WELLS FARGO & CO
ALTERA CORP COM
AMAZON COM. INC
CUMMIS INC.
CVS CAREMARK CORP
FEDEX CORP COM
GENERAL ELECTRIC CO
GOLDMAN SAKS GROUP INC.
JOHNSON CONTROLS, INC.
KELOGG CO. COMMON STOCK
KOHLS CORP COMMON STOCK
MCKSSON CORP
MOSAIC CO
NATIONAL OILWELL VARCO
NIKE INC CL
NOBLE ENERGY
QUALCOM INC
SUNCOR INC COM
MFC ISHARES TR MSCI
TRAVELERS COS INC.
US BANK CORP
UNITED HEALTH GROUP
TEVA PHARMACEUTICAL INDS
JOHNSON & JOHNSON
MICROSOFT CORP.

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (4 entries)

Category Or ItemCategoryOrItem	Listed At Cost Or FMVListedAtCostOrFMV	Book ValueBookValue	EOYFMVEOYFMV
MFB NORTHERN HIGH YIELD FIXED INCOME	AT COST	55842	61504
MFB NORTHERN FDS BD INDEX	AT COST
MFB NORTHERN FDS SMALL CAP INDEX FUN	AT COST	27419	30545
MFO FIDELITY CONTRAFUND	AT COST	31494	37043

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome
EXPENSES
ACCOUNT SERVICE FEE	3748	3748

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	FOREIGN TAX PAID	Category
Amount	$365	Amount
Net Investment Income	365	NetInvestmentIncome

J N NELSON FAMILY FOUNDATION: Form 990PF, tax year 2010

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (5 entries)

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Appication Submission Info AppicationSubmissionInfo

Recipient US Address RecipientUSAddress

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Contributor Address US ContributorAddressUS

Noncash Property NoncashProperty (2 entries)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Compensation Explanation CompensationExplanation

Compensation Compensation (5 entries)

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset (5 entries)

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (66 entries)

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (4 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

Taxes Schedule TaxesSchedule

Taxes Taxes

Comments