NORMAN AND ANN HOFFMAN FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- NORMAN AND ANN HOFFMAN FOUNDATION (EIN 45-3080856)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-05-08
- IRS object ID
- 202441299349101974
- Schema version
- 2023v5.0
- 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
- Form 990-PF
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-08T11:52:16-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 227 WEST FIRST STREET SUITE 700 | AddressLine1Txt |
| City | DULUTH | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 453080856 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORMAN AND ANN HOFFMAN FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NORM | BusinessNameControlTxt |
| Phone | 9522706862 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7750 RUTZ LAKE RD | AddressLine1Txt |
| City | WACONIA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55387 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GERALD R STORMS | PersonNm |
| Person Title | DIRECTOR/VP/TREASURER | PersonTitleTxt |
| Phone | 9522706862 | PhoneNum |
| Signature | 2024-05-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | GERALD | PersonFirstNm |
| Person Last | STORMS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JULIE BOYER | PreparerPersonNm |
| PTIN | P01278549 | PTIN |
| Phone | 2187275025 | PhoneNum |
| Preparation | 2024-05-07 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Change | Yes (X) | NameChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $7,021,543 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $34,077 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $34,077 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $122,787 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $107,041 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$375,447 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $795,199 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $22,999 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | -$218,583 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $164,117 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $9,941 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $9,941 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $28,766 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $28,766 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $18,585 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $9,293 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $9,292 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $26,945 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $26,945 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $555 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $355 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $582 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $582 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $85,374 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $36,593 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $48,581 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $240,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $240,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $325,374 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $36,593 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $288,581 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$543,957 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $127,524 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,111 | CashBOYAmt |
| Cash EOY | $14,037 | CashEOYAmt |
| Cash EOYFMV | $14,037 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $504,380 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $840,599 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $841,669 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $574,879 | CorporateStockBOYAmt |
| Corporate Stock EOY | $556,809 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $962,135 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $510,527 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $452,895 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $437,364 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $3,160,943 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,324,100 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,766,338 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $4,752,840 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,188,440 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $7,021,543 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | -$355,761 | CapitalStockBOYAmt |
| Capital Stock EOY | -$355,761 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $5,108,601 | RetainedEarningBOYAmt |
| Retained Earning EOY | $4,544,201 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $4,752,840 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,188,440 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $4,752,840 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,188,440 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $4,752,840 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$543,957 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $4,208,883 | SubtotalAmt |
| Other Decreases | $20,443 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $4,188,440 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SALE OF PUBLICLY TRADED SECURITIES | P | $771,317 | $770,646 | $671 | $671 |
| SALE OF ENTROPY SOLUTIONS, LLC | D | $20,000 | $1,554 | $18,446 | $18,446 |
| CAPITAL GAINS DIVIDENDS | P | $3,882 | $3,882 | $3,882 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $22,999 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,773 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,773 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,773 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,247 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $2,247 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $474 | OverpaymentAmt |
| Applied To ES Tax | $474 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | Yes (1) | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GERALD R STORMS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9522706862 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7750 RUTZ LAKE RD | AddressLine1Txt |
| City | WACONIA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55387 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 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 |
|---|---|---|---|---|---|---|---|---|
| NORMAN H HOFFMAN | ||||||||
| 116 LAKE STREET WEST | WACONIA | MN | 55387 | DIRECTOR | 0.10 | $0 | $0 | $0 |
| ANNA M HOFFMAN | ||||||||
| 116 LAKE STREET WEST | WACONIA | MN | 55387 | DIRECTOR | 0.10 | $0 | $0 | $0 |
| GERALD R STORMS | ||||||||
| 116 LAKE STREET WEST | WACONIA | MN | 55387 | DIRECTOR/VP/TREASURER | 1.00 | $9,941 | $0 | $232 |
| JEANNE H HOFFMAN | ||||||||
| 116 LAKE STREET WEST | WACONIA | MN | 55387 | DIRECTOR/PRESIDENT | 1.00 | $0 | $0 | $0 |
| JULIA K HOFFMAN | ||||||||
| 116 LAKE STREET WEST | WACONIA | MN | 55387 | DIRECTOR/SECRETARY | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $6,440,960 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $111,447 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $287,123 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $6,839,530 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $6,839,530 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $102,593 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $6,736,937 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $336,847 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $336,847 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,773 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,773 | TotalTaxAmt |
| Distributable Before Adj | $335,074 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $335,074 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $335,074 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $288,581 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $288,581 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $335,074 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $638,360 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,852,661 | ExcessDistributionCyovYr4Amt |
| Total Excess Distribution Cyov | $2,491,021 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $288,581 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $288,581 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $46,493 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $46,493 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,444,528 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $591,867 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,852,661 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,852,661 | ExcessFromYear4Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NORMAN H HOFFMAN | ContributingManagerNm |
| Contributing Manager | ANNA M HOFFMAN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AMERICAN DIABETES ASSOCIATION | |||||||
| PO BOX 7023 | MERRIFIELD | VA | 221167023 | N/A | PC | PROGRAM SUPPORT | $25,000 |
| ASCENSION CATHOLIC SCHOOL | |||||||
| 1723 BRYANT AVE N | MINNEAPOLIS | MN | 55411 | N/A | PC | EDUCATION - GENERAL PROGRAM SUPPORT | $5,000 |
| HOLY FAMILY HIGH CATHOLIC SCHOOL | |||||||
| 8101 KOCHIA LANE | VICTORIA | MN | 55386 | N/A | PC | EDUCATION - GENERAL PROGRAM SUPPORT | $25,000 |
| LIBRARY FOUNDATION-CARVER COUNTY | |||||||
| 217 S VINE STREET | WACONIA | MN | 55387 | N/A | PC | PROGRAM SUPPORT | $5,000 |
| NET MINISTRIES | |||||||
| 110 CRUSADER AVE W | WEST ST PAUL | MN | 551184427 | N/A | PC | PROGRAM SUPPORT | $30,000 |
| SHARING & CARING HANDS | |||||||
| 525 N 7TH ST | MINNEAPOLIS | MN | 55405 | N/A | PC | PROGRAM SUPPORT | $5,000 |
| SOUTHWEST OPTIONS FOR WOMEN | |||||||
| 574 PRAIRIE CENTER DR STE 130 | EDEN PRAIRIE | MN | 553447927 | N/A | PC | PROGRAM SUPPORT | $10,000 |
| ST DAVID CENTER FOR CHILD FAMILY DEVELOPMENT | |||||||
| 3395 PLYMOUTH ROAD | MINNETONKA | MN | 55305 | N/A | PC | HARMAN CENTER SUPPORT | $25,000 |
| ST JOSEPH CATHOLIC CHURCH | |||||||
| 41 1ST STREET EAST | WACONIA | MN | 55387 | N/A | PC | PROGRAM SUPPORT | $20,000 |
| ST PAUL SEMINARY SCHOOL OF DIVINITY | |||||||
| 2260 SUMMIT AVE | ST PAUL | MN | 55105 | N/A | PC | EDUCATION - GENERAL PROGRAM SUPPORT | $25,000 |
| UNIVERSITY OF MINNESOTA FOUNDATION | |||||||
| PO BOX 860266 | MINNEAPOLIS | MN | 554860266 | N/A | PC | CARVER-SCOTT MASTER GARDENER FUND SUPPORT | $5,000 |
| UNIVERSITY OF MINNESOTA FOUNDATION | |||||||
| PO BOX 860266 | MINNEAPOLIS | MN | 554860266 | N/A | PC | HOFFMAN TEACHERS EDUCATION FUND SUPPORT | $50,000 |
| UNIVERSITY OF NORTH DAKOTA FOUNDATION | |||||||
| 3100 UNIVERSITY AVE | GRAND FORKS | ND | 582028157 | N/A | PC | HOFFMAN COLLEGE OF ENGINEERING FUND SUPPORT | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $240,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $34,077 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $122,787 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$375,447 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$218,583 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$218,583 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREP FEES | CategoryTxt |
| Amt | $18,585 | Amt |
| Net Investment Income | $9,293 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $9,292 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (9 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MURPHY OIL CORP SR NOTE | $49,370 | $49,758 |
| DELTA AIR LINES INC DE NOTE | $49,125 | $48,668 |
| DISCOVER FINL SVCS SR NOTE | $50,512 | $49,134 |
| FLUOR CORP NEW SR NOTE | $49,569 | $48,419 |
| HARLEY DAVIDSON INC SR NOTE | $50,347 | $48,478 |
| MARRIOTT INTL INC NEW NOTE SER P | $50,274 | $48,834 |
| KRAFT HEINZ FOODS CO GTD SR NOTE | $50,350 | $48,057 |
| MCDONALDS CORP MEDIUM TERM NOTE | $51,217 | $48,698 |
| AIR LEASE CORP SR NOTE 3.625% DUE 04/01/27 | $52,131 | $47,318 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 3M COMPANY | $29,644 | $19,130 |
| ABBVIE INC | $35,912 | $38,743 |
| ALPHABET INC CL A | $55,684 | $139,690 |
| AMAZON.COM INC | $79,510 | $151,940 |
| GOLDMAN SACHS GROUP INC | $60,944 | $125,375 |
| INTL BUSINESS MACHINES | $34,059 | $40,888 |
| JPMORGAN CHASE & CO | $63,750 | $110,565 |
| MICROSOFT CORP | $46,366 | $112,812 |
| ONEOK INC NEW | $50,975 | $70,220 |
| SALESFORCE.COM INC | $51,800 | $78,942 |
| WELLS FARGO & CO NEW | $48,165 | $73,830 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (36 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BANK AMERICA CORP NON CUML PERPETL CONV PFD SER L 7.25% | AT COST | $50,124 | $54,237 |
| BRIDGEWATER BANCSHARES INC DEP SHS 1/100TH INT PERPTL A PFD | AT COST | $52,108 | $38,000 |
| BRIGHTHOUSE FINL INC REPSTG 1/1000TH INT NON CUML A PERPTL 6.6% | AT COST | $63,300 | $54,125 |
| DIGITALBRIDGE GROUP INC PFD | AT COST | $116,951 | $162,400 |
| GOLDMAN SACHS GROUP INC DEP SH REPSTG 1/1000 | AT COST | $74,838 | $64,920 |
| JACKSON FINL INC DEP SHS REP 1/1000 INT NONCUML PERPTL PFD | AT COST | $50,580 | $50,480 |
| M & T BANK CORP PERPETL NON CUML PFD | AT COST | $47,700 | $48,600 |
| PUBLIC STORAGE DEP SHS REPSTG 1/1000TH | AT COST | $99,480 | $85,560 |
| TWO HARBORS INVESTMENT CORP SER B FXD/VAR | AT COST | $49,621 | $43,260 |
| VORNADO REALITY TRUST SER O CUML 4.45% | AT COST | $74,130 | $40,710 |
| FIRST TRUST NASDAQ CYBERSECURITY ETF | AT COST | $51,600 | $134,600 |
| INVESCO DWA CONSUMER STAPLES MOMENTUM ETF | AT COST | $85,897 | $228,753 |
| INVESCO DWA UTILITIES MOMENTUM ETF | AT COST | $45,204 | $95,727 |
| ISHARES 1-5 YEAR INVESTMENT | AT COST | $96,265 | $89,731 |
| ISHARES BIOTECHNOLOGY ETF | AT COST | $104,530 | $237,738 |
| ISHARES EXPANDED TECH SOFTWARE SECTOR ETF | AT COST | $92,522 | $354,935 |
| ISHARES GLOBAL INDUSTRIALS ETF | AT COST | $50,631 | $114,687 |
| ISHARES RUSSELL 1000 VALUE ETF | AT COST | $52,852 | $148,725 |
| ISHARES RUSSELL 2000 GROWTH ETF | AT COST | $116,257 | $245,915 |
| ISHARES RUSSELL MID CAP ETF | AT COST | $17,368 | $97,163 |
| ISHARES TECHNOLOGY ETF | AT COST | $76,635 | $319,150 |
| ISHARES US HEALTHCARE ETF | AT COST | $86,439 | $171,744 |
| ISHARES US INDUSTRIALS ETF | AT COST | $63,814 | $137,232 |
| ISHARES U S MEDICAL DEVICES ETF | AT COST | $71,976 | $161,910 |
| PACER TRENDPILOT MID CAP ETF | AT COST | $35,510 | $32,860 |
| SECTOR ENERGY SELECT SECTOR SPDR ETF | AT COST | $73,134 | $146,720 |
| SECTOR FINANCIAL SELECT SECTOR SPDR ETF | AT COST | $34,989 | $150,400 |
| SECTOR MATERIALS SELECT SECTOR SPDR ETF | AT COST | $22,240 | $85,540 |
| SELECT SECTOR COMMUNICATION SERVICES SELECT SECTOR SPDR ETF | AT COST | $51,888 | $90,825 |
| SPDR S&P DEVELOPED WORLD EX US ETF | AT COST | $120,289 | $204,060 |
| SPDR SERIES TRUST S&P DIVIDEND ETF | AT COST | $94,020 | $187,455 |
| VANGUARD COMMUNICATION SERVICES ETF | AT COST | $62,105 | $117,724 |
| VANGUARD INDUSTRIALS ETF | AT COST | $16,428 | $88,172 |
| VANGUARD INFORMATION TECHNOLOGY ETF | AT COST | $26,757 | $387,200 |
| EATON VANCE TAX MANAGED DIVERSIFIED | AT COST | $46,005 | $48,760 |
| EATON VANCE TAX MANAGED GLBL DIVERSIFIED | AT COST | $49,913 | $46,320 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $28,766 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $28,766 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BASIS ADJUSTMENT | Desc |
| Amt | $20,443 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OFFICE SUPPLIES | $325 | $0 | $325 |
| MN ANNUAL FEE | $25 | $0 | $25 |
| EXPENSE REIMBURSEMENTS | $232 | $0 | $232 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEE | CategoryTxt |
| Amt | $26,945 | Amt |
| Net Investment Income | $26,945 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| 2022 MN UNRELATED BUSINESS INCOME TAX PAID | $200 | $0 | $0 |
| FOREIGN TAX WITHHELD | $355 | $355 | $0 |