THE LEONARD RYDELL FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- THE LEONARD RYDELL FOUNDATION (EIN 45-0459133)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-04-29
- IRS object ID
- 202431209349100338
- 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
- Schedule B
- Accounting Fees Schedule
- Amortization Schedule
- Applied To Prior Year Election
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Other Assets Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-04-29T09:14:52-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450310328 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRADY MARTZ & ASSOCIATES PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 14296 | AddressLine1Txt |
| City | GRAND FORKS | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 582084296 | 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 | 450459133 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE LEONARD RYDELL FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LEON | BusinessNameControlTxt |
| Phone | 7017727211 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2700 SO WASHINGTON ST PO BOX 133 | AddressLine1Txt |
| City | GRAND FORKS | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 582083398 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WES RYDELL | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7017756615 | PhoneNum |
| Signature | 2024-04-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | WES | PersonFirstNm |
| Person Last | RYDELL | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JUSTIN BURCHILL | PreparerPersonNm |
| PTIN | P00961426 | PTIN |
| Phone | 7017754685 | PhoneNum |
| Preparation | 2024-04-22 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,515,955 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $120,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $30,923 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $30,923 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $19,351 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $19,351 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$36,307 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $721,249 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $133,967 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $50,274 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $1,485 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $743 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $742 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $4,748 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $2,375 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $2,373 | OtherProfFeesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $4,971 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $4,971 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $11,204 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $8,089 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $3,115 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $60,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $60,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $71,204 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $8,089 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $63,115 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $62,763 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $42,185 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $90,910 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $112,802 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $112,802 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $223,994 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $233,335 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $198,981 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $403,908 | CorporateStockBOYAmt |
| Corporate Stock EOY | $401,168 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $439,864 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $781,635 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $814,809 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $763,048 | CorporateBondsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $4,971 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,971 | LandBldgEquipAccumDeprecAmt |
| Other Assets BOY | $164 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,260 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,260 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $1,500,611 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,563,374 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,515,955 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $1,500,611 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,563,374 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,500,611 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,563,374 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,500,611 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,563,374 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,500,611 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $62,763 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $1,563,374 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,563,374 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $479,330 | $487,568 | -$8,238 | -$8,238 | |
| PUBLICLY TRADED SECURITIES | $240,922 | $269,988 | -$29,066 | -$29,066 | |
| CAPITAL GAINS DIVIDENDS | $997 | $997 | $997 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$36,307 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $586 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $586 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $586 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,852 | 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 | $1,852 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $1,266 | OverpaymentAmt |
| Applied To ES Tax | $1,266 | 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 | 0 | 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 | ND | 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 |
| Individual With Books | ALERUS FINANCIAL-ATTNMATT JACOBSON | IndividualWithBooksNm |
| Phone | 7017953200 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6001 | AddressLine1Txt |
| City | GRAND FORKS | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 582066001 | 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 | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | Yes (1) | UndistributedIncomePYInd |
| Undistributed Income PY1 | 2022 | UndistributedIncomePY1Yr |
| Undistr Incm Sect4942a2 Not App | Yes (1) | UndistrIncmSect4942a2NotAppInd |
| 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 (6 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 |
|---|---|---|---|---|---|---|---|---|
| WES RYDELL | ||||||||
| 3202 BELMONT ROAD | GRAND FORKS | ND | 58201 | PRESIDENT & DIRECTOR | 0.00 | $0 | $0 | $0 |
| DENNIS LUNDE | ||||||||
| PO BOX 6001 | CAREFREE | AZ | 85377 | VICE-PRES. & DIRECTOR | 0.00 | $0 | $0 | $0 |
| IVAN GANDRUD | ||||||||
| 1160 KUHNS RD | WHITEFISH | MT | 59937 | TREASURER & DIRECTOR | 0.00 | $0 | $0 | $0 |
| RANDY NEHRING | ||||||||
| 4901 W 26TH ST | SIOUX FALLS | SD | 57106 | SECRETARY & DIRECTOR | 0.00 | $0 | $0 | $0 |
| JIM RYDELL | ||||||||
| 3521 INVERNESS | WATERLOO | IA | 50701 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| CONNIE MONDRY | ||||||||
| 308 E LAKE GENEVA RD NE | ALEXANDRIA | MN | 56308 | DIRECTOR | 0.00 | $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 | $1,333,723 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $98,556 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,432,279 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,432,279 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $21,484 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,410,795 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $70,540 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $70,540 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $586 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $586 | TotalTaxAmt |
| Distributable Before Adj | $69,954 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $69,954 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $69,954 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $63,115 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $63,115 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $69,954 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $66,785 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $63,115 | QualifyingDistributionsAmt |
| Applied To Year1 | $63,115 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $0 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $3,670 | Taxable2Amt |
| Undistributed Income CY | $69,954 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | WES RYDELL | ContributingManagerNm |
| Contributing Manager | DENNIS LUNDE | ContributingManagerNm |
| Contributing Manager | IVAN GANDRUD | ContributingManagerNm |
| Contributing Manager | RANDY NEHRING | ContributingManagerNm |
| Contributing Manager | JIM RYDELL | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | MATT JACOBSON ALERUS FINANCIAL | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6001 | AddressLine1Txt |
| City | GRAND FORKS | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 582066001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7017953200 | RecipientPhoneNum |
| Form And Info And Materials | PRESCRIBED APPLICATION FORM | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | JULY PRECEDING THE BEGINNING OF THE SCHOOL YEAR | SubmissionDeadlinesTxt |
| Restrictions On Awards | EDUCATIONAL SCHOLARSHIPS ONLY - MAXIMUM OF $2,000 PER AWARD. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (28 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AUGUSTANA UNIVERSITY | |||||||
| 2001 S SUMMIT AVE | SIOUX FALLS | SD | 57197 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| AVEDA INSTITUTE | |||||||
| 775 N 114TH AVE | AVONDALE | AZ | 85323 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| COLORADO MESA UNIVERSITY | |||||||
| 1100 NORTH AVE | GRAND JUNCTION | CO | 81501 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| DAKOTA COUNTY TECHNICAL COLLEGE | |||||||
| 1300 145TH ST E | ROSEMOUNT | MN | 55068 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| FORT LEWIS COLLEGE | |||||||
| 1000 RIM DRIVE | DURANGO | CO | 81801 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| GRAND CANYON UNIVERSITY | |||||||
| 3300 W CAMELBACK RD | PHOENIX | AZ | 85017 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| LAKE AREA TECHNICAL INSTITUTE | |||||||
| PO BOX 730 | WATERTOWN | SD | 57201 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| MILLIKIN UNIVERSITY | |||||||
| 1184 W MAIN ST | DECATUR | IL | 62522 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| MINNESOTA STATE UNIVERSITY - MOORHEAD | |||||||
| 1104 7TH AVE S | MOORHEAD | MN | 56563 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| MORNINGSIDE COLLEGE | |||||||
| 1501 MORNINGSIDE AVENUE | SIOUX CITY | IA | 51106 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| NEBRASKA WESLEYAN UNIVERSITY | |||||||
| 5000 ST PAUL AVE | LINCOLN | NE | 68504 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHP | $2,000 |
| NEW MEXICO STATE UNIVERSITY | |||||||
| 1780 E UNIVERSITY AVE | LAS CRUCES | NM | 88003 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| NORTH DAKOTA STATE UNIVERSITY | |||||||
| 1340 ADMINISTRATION AVENUE | FARGO | ND | 58102 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| NORTHEAST COMMUNITY COLLEGE | |||||||
| 801 E BENJAMIN AVE | NORFOLK | NE | 68702 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| NORTHERN STATE UNIVERSITY | |||||||
| 1200 SOUTH JAY STREET | ABERDEEN | SD | 57401 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| SPRING ARBOR UNIVERSITY | |||||||
| 106 E MAIN ST | SPRING ARBOR | MI | 49283 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| UNIVERSITY OF IOWA | |||||||
| 101 JESSUP HALL | IOWA CITY | IA | 52242 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| UNIVERSITY OF MINNESOTA - MORRIS | |||||||
| 309 BEHMLER HALL | MORRIS | MN | 56267 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| UNIVERSITY OF MINNESOTA - ROCHESTER | |||||||
| 111 BROADWAY AVE S SUITE 300 | ROCHESTER | MN | 55904 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| UNIVERSITY OF MINNESOTA - TWIN CITIES | |||||||
| 100 CHURCH ST SE | MINNEAPOLIS | MN | 55455 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $4,000 |
| UNIVERSITY OF MONTANA WESTERN | |||||||
| 710 S ATLANTIC ST | DILLON | MT | 59725 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| UNIVERSITY OF NORTH DAKOTA | |||||||
| 264 CENTENNIAL DR | GRAND FORKS | ND | 58202 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $4,000 |
| UNIVERSITY OF WISCONSIN - MILWAUKEE | |||||||
| PO BOX 500 | MILWAUKEE | WI | 536010500 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| UNIVERSITY OF WISCONSIN - PLATTEVILLE | |||||||
| 1 UNIVERSITY PLAZA | PLATTEVILLE | WI | 538183099 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| UNIVERSITY OF WISCONSIN - STOUT | |||||||
| 712 BROADWAY ST S | MENOMONIE | WI | 54751 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| UNIVERSITY OF WYOMING | |||||||
| 1000 E UNIVERSITY AVENUE | LARAMIE | WY | 82071 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| VALPARAISO UNIVERSITY | |||||||
| 1700 CHAPEL DR | VALPARAISO | IN | 46383 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| WINONA STATE UNIVERSITY | |||||||
| 175 WEST MARK STREET | WINONA | MN | 55987 | NONE | EDUCATIONAL ORGANIZA | SCHOLARSHIP | $2,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $60,000 | 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 | $30,923 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $19,351 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$36,307 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $13,967 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $13,967 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (6 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| ELKO MOTOR COMPANY | ||||||
| 1 | 1585 NV-227 | ELKO | NV | 89801 | $10,000 | Yes (X) |
| DEKALB SYCAMORE CHEVROLET BUICK GMC | ||||||
| 2 | 1925 MERCANTILE DR | SYCAMORE | IL | 60178 | $10,000 | Yes (X) |
| BISMARCK MOTOR COMPANY | ||||||
| 3 | 1100 57TH AVE NW | BISMARCK | ND | 58503 | $30,000 | Yes (X) |
| CEDAR CITY MOTOR COMPANY LLC | ||||||
| 4 | 1010 N MAIN ST | CEDAR CITY | UT | 84721 | $10,000 | Yes (X) |
| HASTINGS AUTOMOTIVE COMPANY | ||||||
| 5 | 3101 OSBORNE DRIVE WEST | HASTINGS | NE | 68901 | $30,000 | Yes (X) |
| MANKATO MOTOR COMPANY | ||||||
| 6 | 1815 MADISON AVENUE | MANKATO | MN | 56001 | $30,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $1,485 | Amt |
| Net Investment Income | $743 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $742 | DisbursementsCharitablePrpsAmt |
Amortization Schedule AmortizationSchedule
Amortization Schedule Detail AmortizationScheduleDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amortized Expenses | BOND PREMIUMS | AmortizedExpensesDesc |
| Acquired Completed Or Expended | 2023-12-31 | AcquiredCompletedOrExpendedDt |
| Amortized | $4,971 | AmortizedAmt |
| Amortization Period | 1.000000000000 | AmortizationPeriodRt |
| Current Year Amortization | $4,971 | CurrentYearAmortizationAmt |
| Net Investment Income | $4,971 | NetInvestmentIncomeAmt |
| Total Amortization | $4,971 | TotalAmortizationAmt |
Applied To Prior Year Election AppliedToPriorYearElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | PURSUANT TO IRC SEC. 4942(H)(2) AND REG. 53.4942(A)-3(D)(2), THE LEONARD RYDELL FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF UNDISTRIBUTED INCOME FROM THE TAX YEARS ENDING 12/31/2019 AND 12/31/2018, IN THE AMOUNTS OF $1,185 AND $7,632, RESPECTIVELY. | ElectionDesc |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | ALERUS AGENCY-CORPORATE BONDS | BondNm |
| EOY Book Value | $814,809 | EOYBookValueAmt |
| EOYFMV | $763,048 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | ALERUS AGENCY-COMMON STOCK | StockNm |
| EOY Book Value | $401,168 | EOYBookValueAmt |
| EOYFMV | $439,864 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $233,335 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $198,981 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INTEREST RECEIVABLE | $164 | $471 | $471 |
| DIVIDEND RECEIVABLE | $789 | $789 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | AMORTIZATION | Desc |
| Revenue And Expenses Per Books | $4,971 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $4,971 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| TRUSTEE FEES | $4,747 | $2,374 | $2,373 |
| OTHER FEES | $1 | $1 | $0 |