NORMAN AND ANN HOFFMAN FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: NORMAN AND ANN HOFFMAN FOUNDATION (EIN 45-3080856)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-10-13
IRS object ID: 202332869349100143
Schema version: 2022v5.0
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	2023-10-13T14:54:18-05:00	ReturnTs
Tax Period End	2022-12-31	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	2022-01-01	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 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	2023-10-13	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	2023-10-10	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	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$6,560,932	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	$8,055	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$20,229	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$26,752	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$126,206	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$111,256	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$10,027	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$657,998	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$10,027	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$164,517	TotalRevAndExpnssAmt
Total Net Invst Incm	$148,035	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$7,466	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$7,466	CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss	$3,500	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$3,500	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$8,400	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$4,200	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$4,200	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$28,276	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$28,276	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$0	OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss	$754	InterestRevAndExpnssAmt
Interest Net Invst Incm	$754	InterestNetInvstIncmAmt
Interest Dsbrs Chrtbl	$0	InterestDsbrsChrtblAmt
Taxes Rev And Expnss	$3,409	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$334	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss	$73	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$0	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$73	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$51,878	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$33,564	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$15,239	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$220,555	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$220,555	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$272,433	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$33,564	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$235,794	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$107,916	ExcessRevenueOverExpensesAmt
Net Investment Income	$114,471	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$7,122	CashBOYAmt
Cash EOY	$2,111	CashEOYAmt
Cash EOYFMV	$2,111	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$61,163	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$504,380	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$505,116	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$553,396	CorporateStockBOYAmt
Corporate Stock EOY	$574,879	CorporateStockEOYAmt
Corporate Stock EOYFMV	$727,078	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$613,085	CorporateBondsBOYAmt
Corporate Bonds EOY	$510,527	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$482,497	CorporateBondsEOYFMVAmt
Other Investments BOY	$3,642,962	OtherInvestmentsBOYAmt
Other Investments EOY	$3,160,943	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$4,844,130	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$4,877,728	TotalAssetsBOYAmt
Total Assets EOY	$4,752,840	TotalAssetsEOYAmt
Total Assets EOYFMV	$6,560,932	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	$5,233,489	RetainedEarningBOYAmt
Retained Earning EOY	$5,108,601	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$4,877,728	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$4,752,840	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$4,877,728	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$4,752,840	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$4,877,728	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$107,916	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$4,769,812	SubtotalAmt
Other Decreases	$16,972	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$4,752,840	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 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	$647,407	$647,971	-$564	-$564
CAPITAL GAINS DIVIDENDS	P	$10,591		$10,591	$10,591

Field	Value	IRS element (for citing)
Capital Gain Net Income	$10,027	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$1,591	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$1,591	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$1,591	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$3,838	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	$3,838	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$2,247	OverpaymentAmt
Applied To ES Tax	$2,247	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	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
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	$7,466	$0	$0
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	$6,430,111	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$95,710	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$400,000	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$6,925,821	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$6,925,821	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$103,887	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$6,821,934	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$341,097	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$341,097	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$1,591	TaxBasedOnInvestmentIncomeAmt
Total Tax	$1,591	TotalTaxAmt
Distributable Before Adj	$339,506	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$339,506	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$339,506	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$235,794	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$235,794	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$339,506	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr4	$742,072	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$1,852,661	ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov	$2,594,733	TotalExcessDistributionCyovAmt
Qualifying Distributions	$235,794	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$235,794	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$103,712	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$103,712	ExcessDistributionCyovAppCYAmt
Total Corpus	$2,491,021	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	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$2,491,021	ExcessDistriCyovToNextYrAmt
Excess From Year4	$638,360	ExcessFromYear4Amt
Excess From Year3	$1,852,661	ExcessFromYear3Amt

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 (18 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
ART LITERATURE LABORATORY
111 S LIVINGSTON STREET 100	MADISON	WI	53703	N/A	PC	PROGRAM SUPPORT	$425
ASCENSION CATHOLIC SCHOOL
1723 BRYANT AVE N	MINNEAPOLIS	MN	55411	N/A	PC	EDUCATION - GENERAL PROGRAM SUPPORT	$5,000
CARVER COUNTY MN
604 EAST 4TH STREET	CHASKA	MN	55318	N/A	GOV	CONEY ISLAND & WACONIA REGIONAL PARK SUPPORT	$2,205
HOLY FAMILY CATHOLIC HIGH SCHOOL
8101 KOCHIA LANE	VICTORIA	MN	55386	N/A	PC	EDUCATION - GENERAL PROGRAM SUPPORT	$25,000
LA CROSSE CITIZEN ADVOCACY
1035 GREEN BAY ST	LA CROSSE	WI	54601	N/A	PC	PROGRAM SUPPORT	$1,100
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 AND CARING HANDS
525 N 7TH ST	MINNEAPOLIS	MN	55405	N/A	PC	PROGRAM SUPPORT	$5,000
SOUTHWEST OPTIONS FOR WOMEN
574 PRAIRIE CENTER DR 130	EDEN PRAIRIE	MN	553447927	N/A	PC	PROGRAM SUPPORT	$10,000
ST JOSEPH CATHOLIC CHURCH
41 E 1ST STREET	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
200 OAK STREET SE SUITE 500	MINNEAPOLIS	MN	554552010	N/A	PC	MN GROW YOUR OWN TEACHERS PROGRAM SUPPORT	$1,600
UNIVERSITY OF MINNESOTA FOUNDATION
PO BOX 860266	MINNEAPOLIS	MN	554860266	N/A	PC	HOFFMAN FAMILY FUND IN EDUCATION SUPPORT	$50,000
UNIVERSITY OF MINNESOTA FOUNDATION
PO BOX 860266	MINNEAPOLIS	MN	554860266	N/A	PC	MASTER GARDENER VOLUNEER PROGRAM SUPPORT	$2,500
UNIVERSITY OF NORTH DAKOTA FOUNDATION
3100 UNIVERSITY AVE	GRAND FORKS	ND	582028157	N/A	PC	PROGRAM SUPPORT	$10,000
VITERBO UNINVERSITY - NURSING PROGRAM
900 VITERBO DRIVE	LA CROSSE	WI	54601	N/A	PC	N.U.R.S.E.S PROGRAM SUPPORT	$1,850
WISCONSIN YOUTH SYMPHONY ORCHESTRAS
PO BOX 258039	MADISON	WI	53725	N/A	PC	PROGRAM SUPPORT	$875

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$220,555	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	$20,229	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$126,206	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$10,027	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$156,462	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$156,462	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	$8,400	Amt
Net Investment Income	$4,200	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$4,200	DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (10 entries)

BondBondNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
MURPHY OIL CORP SR NOTE	$49,370	$47,874
CARDINAL HLTH INC NOTE	$55,122	$54,844
DELTA AIR LINES INC DE NOTE	$49,125	$47,369
DISCOVER FINL SVCS SR NOTE	$51,357	$48,698
FLUOR CORP NEW SR NOTE	$49,569	$48,000
HARLEY DAVIDSON INC SR NOTE	$50,601	$47,568
MARRIOTT INTL INC NEW NOTE SER P	$50,451	$47,993
KRAFT HEINZ FOODS CO GTD SR NOTE	$50,506	$46,854
MCDONALDS CORP MEDIUM TERM NOTE	$51,614	$47,670
AIR LEASE CORP SR NOTE 3.625% DUE 04/01/27	$52,812	$45,627

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
3M COMPANY	$29,644	$20,986
ABBVIE INC	$35,912	$40,402
ALPHABET INC CL A	$55,684	$88,230
AMAZON.COM INC	$79,510	$84,000
GOLDMAN SACHS GROUP INC	$60,944	$111,599
INTL BUSINESS MACHINES	$34,059	$35,223
JPMORGAN CHASE & CO	$79,801	$107,280
MICROSOFT CORP	$46,366	$71,946
ONEOK INC NEW	$52,994	$65,700
SALESFORCE.COM INC	$51,800	$39,777
WELLS FARGO & CO NEW	$48,165	$61,935

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (43 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
BRIDGEWATER BANCSHARES INC DEP SHS 1/100TH INT PERPTL A PFD	AT COST	$52,108	$41,000
BRIGHTHOUSE FINL INC REPSTG 1/1000TH INT NON CUML A PERPTL 6.6%	AT COST	$63,300	$55,000
DIGITALBRIDGE GROUP INC PFD	AT COST	$129,463	$131,320
GOLDMAN SACHS GROUP INC DEP SH REPSTG 1/1000	AT COST	$74,838	$55,320
JPMORGAN CHASE & CO DEP SHS REPSTG 1/400TH INT NON CUML	AT COST	$78,020	$55,830
M & T BANK CORP PERPETL NON CUML PFD	AT COST	$47,700	$46,800
PUBLIC STORAGE DEP SHS REPSTG 1/1000TH	AT COST	$99,480	$76,440
TWO HARBORS INVESTMENT CORP SER B FXD/VAR	AT COST	$49,621	$37,860
VORNADO REALITY TRUST SER O CUML 4.45%	AT COST	$74,130	$40,800
WELLS FARGO & COMPANY PERPETUAL PFD	AT COST	$67,732	$53,325
FIRST TRUST NASDAQ CYBERSECURITY ETF	AT COST	$51,600	$96,775
GLOBAL X LITHIUM & BATTERY TECH ETF	AT COST	$44,391	$35,167
INVESCO DWA CONSUMER CYCLICALS MOMENTUM ETF	AT COST	$29,840	$128,072
INVESCO DWA CONSUMER STAPLES MOMENTUM ETF	AT COST	$85,897	$206,650
INVESCO DWA UTILITIES MOMENTUM ETF	AT COST	$45,204	$102,570
ISHARES 1-5 YEAR INVESTMENT	AT COST	$96,265	$87,185
ISHARES BIOTECHNOLOGY ETF	AT COST	$104,530	$229,757
ISHARES EXPANDED TECH SOFTWARE SECTOR ETF	AT COST	$92,522	$223,869
ISHARES GLOBAL INDUSTRIALS ETF	AT COST	$50,631	$95,841
ISHARES RUSSELL 1000 VALUE ETF	AT COST	$52,852	$136,485
ISHARES RUSSELL 2000 GROWTH ETF	AT COST	$116,257	$209,157
ISHARES RUSSELL MID CAP ETF	AT COST	$17,368	$84,313
ISHARES TECHNOLOGY ETF	AT COST	$76,635	$193,674
ISHARES TIPS BOND ETF	AT COST	$145,018	$122,406
ISHARES US HEALTHCARE ETF	AT COST	$86,439	$170,226
ISHARES US INDUSTRIALS ETF	AT COST	$63,814	$115,752
ISHARES U S MEDICAL DEVICES ETF	AT COST	$71,976	$157,710
PACER TRENDPILOT MID CAP ETF	AT COST	$35,510	$31,210
PACER TRENDPILOT US BOND ETF	AT COST	$33,598	$25,137
PACER LUNT LARGE CAP ALTERNATOR ETF	AT COST	$44,843	$40,460
PIMCO INVESTMENT GRADE CORPORATE BOND INDEX ETF	AT COST	$81,175	$65,100
SECTOR ENERGY SELECT SECTOR SPDR ETF	AT COST	$73,134	$153,072
SECTOR FINANCIAL SELECT SECTOR SPDR ETF	AT COST	$34,989	$136,800
SECTOR MATERIALS SELECT SECTOR SPDR ETF	AT COST	$22,240	$77,680
SELECT SECTOR COMMUNICATION SERVICES SELECT SECTOR SPDR ETF	AT COST	$51,888	$59,988
SPDR S&P DEVELOPED WORLD EX US ETF	AT COST	$120,289	$178,140
SPDR SERIES TRUST S&P DIVIDEND ETF	AT COST	$94,020	$187,665
VANGUARD COMMUNICATION SERVICES ETF	AT COST	$62,105	$82,250
VANGUARD INDUSTRIALS ETF	AT COST	$16,428	$73,056
VANGUARD INFORMATION TECHNOLOGY ETF	AT COST	$26,757	$255,528
EATON VANCE TAX MANAGED DIVERSIFIED	AT COST	$46,350	$43,440
EATON VANCE TAX MANAGED GLBL DIVERSIFIED	AT COST	$49,986	$45,300
ENTROPY SOLUTIONS LLC	AT COST	$400,000	$400,000

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$3,500	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$3,500	DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	BASIS ADJUSTMENT	Desc
Amt	$16,972	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MISC EXPENSE	$48	$0	$48
MN ANNUAL FEE	$25	$0	$25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	INVESTMENT MANAGEMENT FEE	CategoryTxt
Amt	$28,276	Amt
Net Investment Income	$28,276	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
2021 MN UNRELATED BUSINESS INCOME TAX PAID	$75	$0	$0
2021 EXTENSION TAX PAYMENT	$3,000	$0	$0
FOREIGN TAX WITHHELD	$334	$334	$0