CAROLYN M AND LEARY E PETERSON FAMILY FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
CAROLYN M AND LEARY E PETERSON FAMILY FOUNDATION INC (EIN 39-1936484)
Tax period
2024-06-01 to 2025-05-31
Filed
2026-04-14
IRS object ID
202641049349100219
Schema version
2024v5.0
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)
Return2026-04-14T10:34:46-04:00ReturnTs
Tax Period End2025-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN391769340PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COLLINS & ASSOCIATES SCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13815 MORMON COULEE RD STE 100AddressLine1Txt
CityLA CROSSECityNm
State AbbreviationWIStateAbbreviationCd
ZIP546015088ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN391936484EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CAROLYN M & LEARY E PETERSON FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCAROBusinessNameControlTxt
Phone6083266496PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1110 EAST HAYDN STAddressLine1Txt
CityPRAIRIE DU CHIENCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53821ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTHOMAS F PETERSONPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone6083266496PhoneNum
Signature2026-04-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARC A ROEN CPAPreparerPersonNm
PTINP01959160PTIN
Phone6083266456PhoneNum
Preparation2026-04-14PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$904,691FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$15ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$19,974DividendsRevAndExpnssAmt
Dividends Net Invst Incm$19,974DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$10,698NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$47,611GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$10,698CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$30,687TotalRevAndExpnssAmt
Total Net Invst Incm$30,672TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$10,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$10,000CompOfcrDirTrstNetInvstIncmAmt
Legal Fees Rev And Expnss$1,048LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$1,950AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$174TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$13,172TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,000TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$52,744ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$52,744ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$65,916TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,000TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$52,744TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$35,229ExcessRevenueOverExpensesAmt
Net Investment Income$20,672NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,801CashBOYAmt
Cash EOY$3,485CashEOYAmt
Cash EOYFMV$3,485CashEOYFMVAmt
Corporate Stock BOY$393,735CorporateStockBOYAmt
Corporate Stock EOY$356,822CorporateStockEOYAmt
Corporate Stock EOYFMV$901,206CorporateStockEOYFMVAmt
Total Assets BOY$395,536TotalAssetsBOYAmt
Total Assets EOY$360,307TotalAssetsEOYAmt
Total Assets EOYFMV$904,691TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$395,536CapitalStockBOYAmt
Retained Earning EOY$360,307RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$395,536TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$360,307TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$395,536TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$360,307TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$395,536TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$35,229ExcessRevenueOverExpensesAmt
Subtotal$360,307SubtotalAmt
Tot Net Ast Or Fund Balances EOY$360,307TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPFIZER INCPropertyDesc
How AcquiredPHowAcquiredCd
Sold2024-05-16SoldDt
Gross Sales Price$47,611GrossSalesPriceAmt
Cost Or Other Basis$36,913CostOrOtherBasisAmt
Gain Or Loss$10,698GainOrLossAmt
Gains Minus Excess Or Losses$10,698GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$10,698CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$287InvestmentIncomeExciseTaxAmt
Subtotal$287SubtotalAmt
Tax Based On Investment Income$287TaxBasedOnInvestmentIncomeAmt
Tax Due$287TaxDueAmt

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 StateWIOrgReportOrRegisterStateCd
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 BooksTHOMAS F PETERSONIndividualWithBooksNm
Phone6083266496PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1110 E HAYDN STAddressLine1Txt
CityPRAIRIE DU CHIENCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53821ZIPCd
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
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

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
CAROLE SAYER
20890 CHANNEL DREXCELSIORMN55331DIRECTOR000.00$2,000$0$0
JOE MULLEN
662 JENISA DRST CLOUDMN56301DIRECTOR000.00$2,000$0$0
THOMAS F PETERSON
110 E HAYDN STPRAIRIE DU CHIENWI53821DIRECTOR000.00$2,000$0$0
MARY JO RUHL
2740 NICHOLS LANEDAVENPORTIA52803DIRECTOR000.00$2,000$0$0
JOHN L PETERSON
4814 CHAMPIONS RUNMIDDLETONWI53562DIRECTOR000.00$2,000$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE FOUNDATION MAKES CHARITABLE CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS.Description1Txt

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$1,030,318AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$9,656AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,039,974TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,039,974AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,600CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,024,374NetVlNoncharitableAssetsAmt
Minimum Investment Return$51,219MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$51,219MinimumInvestmentReturnAmt
Tax Based On Investment Income$287TaxBasedOnInvestmentIncomeAmt
Total Tax$287TotalTaxAmt
Distributable Before Adj$50,932DistributableBeforeAdjAmt
Distributable Before Ded$50,932DistributableBeforeDedAmt
Distributable As Adjusted$50,932DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$52,744ExpensesAndContributionsAmt
Qualifying Distributions$52,744QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$50,932DistributableAsAdjustedAmt
Undistributed Income PY$11,711UndistributedIncomePYAmt
Qualifying Distributions$52,744QualifyingDistributionsAmt
Applied To Year1$11,711AppliedToYear1Amt
Applied To Current Year$41,033AppliedToCurrentYearAmt
Undistributed Income CY$9,899UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (15 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
AGRACE FOUNDATION
700 3RD STREET SUITE 202LA CROSSEWI54601GENERAL CONTRIBUTION$5,549
ALLEGRO ORGANIZATIONAL SOLUTIONS
5535 MEMORIAL DRHOUSTONTX77007GENERAL CONTRIBUTION$5,000STE F-811
ANNA MARIE'S SHELTER
505 10TH AVE NEST CLOUDMN56301GENERAL DONATION$1,549
COVENANT CHURCH OF NAPLES
6926 TRAIL BLVDNAPLESFL34108GENERAL DONATION$5,549
CROSS PLAINS BASEBALL
2620 CHURCH STREETCROSS PLAINSWI53528GENERAL DONATION$3,199
FATHER FAGAN
PO BOX 157PRAIRIE DU CHIENWI53821GENERAL DONATION$2,500
FIREWEED COMMUNITY WOODSHOP
14 SE 27TH AVEMINNEAPOLISMN55414GENERAL DONATION$2,000
FORT FUN PARK
S 15TH STPRAIRIE DU CHIENWI53821GENERAL DONATION$2,500
HIMALAYAN CATARACT PROJECT
PO BOX 863NORWICHVT05055GENERAL DONATION$2,000
PRAIRIE MASON
700 S FREMONTPRAIRIE DU CHIENWI53821GENERAL DONATION$4,000
RIVERS AND BLUFFS ANIMAL SHELTER
460 CLIFFWOOD DRPRAIRIE DU CHIENWI53821GENERAL DONATION$2,500
SOUTHWEST OPTIONS FOR WOMEN
574 PRAIRIE CENTER DREDEN PRAIRIEMN55344GENERAL DONATION$5,274
ST MARY'S ELEMENTARY SCHOOL
823 1ST ST SST CLOUDMN56301GENERAL DONATION$2,000
STUDENTS FOR LIFE OF AMERICA
4755 JEFFERSON DAVIS HWYFREDERICKSBURGVA22408GENERAL DONATION$5,274
WISCONSIN WATERFOWL ASSOCIATION
PO BOX 427WALESWI53183GENERAL DONATION$3,850
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$52,744TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$19,974ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$10,698ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescOTHER REVENUEDesc
Exclusion18ExclusionCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$30,672ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$30,672TotalIncomeProducingActyAmt

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)
Amt$1,950Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (14 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMAZON COM INC$60,023$123,006
APPLE INC$49,948$306,898
AT&T INC
CATERPILLAR, INC$20,933$87,008
CHEVRON CORP$55,561$68,077
COCA-COLA CO$26,897$50,542
INTEL CORP$40,433$32,629
JOHNSON & JOHNSON CO$19,329$46,718
KENUE INC$23,582$32,296
MERCK & CO INC$36,630$92,362
PFIZER INC
PROCTER & GAMBLE CO$23,486$61,670
VERIZON COMMUNICATIONS
WARNER BROS DISCOVERY INC

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
Legal Fees$1,048LegalFeesAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc
EXPENSES
MISC EXP
CHECK ORDER

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Amt$174Amt

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