HAGEMAN FOUNDATION OF HOPE: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- HAGEMAN FOUNDATION OF HOPE (EIN 20-1700412)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202343199349105774
- 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
- Schedule B
- Accounting Fees Schedule
- Distribution From Corpus Election
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-15T14:03:53-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 S 6TH ST 2300 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | 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 | 201700412 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HAGEMAN FOUNDATION OF HOPE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HAGE | BusinessNameControlTxt |
| Phone | 7636822870 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9872 HART BOULEVARD 301 | AddressLine1Txt |
| City | MONTICELLO | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55362 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT HAGEMAN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7636822870 | PhoneNum |
| Signature | 2023-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ROBERT | PersonFirstNm |
| Person Last | HAGEMAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | 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 | MARK T BAKKO CPA | PreparerPersonNm |
| PTIN | P00252834 | PTIN |
| Phone | 6128764500 | PhoneNum |
| Preparation | 2023-11-15 | 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $9,056,298 | 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 | $1,504,399 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $37,419 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $37,419 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $292,414 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $292,414 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $102,411 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,410,749 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $102,411 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,936,643 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $432,244 | 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 |
| Legal Fees Rev And Expnss | $455 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $455 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,525 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,763 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $2,762 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $64,199 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $64,199 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $18,724 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,699 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $25 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $18,842 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $18,836 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $6 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $107,745 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $88,497 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $3,248 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $921,700 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $921,700 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,029,445 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $88,497 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $924,948 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $907,198 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $343,747 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $173,815 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $546,453 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $546,453 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $5,391,942 | CorporateStockBOYAmt |
| Corporate Stock EOY | $5,325,335 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,045,289 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $96,270 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $566,332 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $529,443 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $1,807,467 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,500,742 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,923,302 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $21,538 | OtherAssetsBOYAmt |
| Other Assets EOY | $11,811 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $11,811 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $7,491,032 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,950,673 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $9,056,298 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $7,491,032 | CapitalStockBOYAmt |
| Capital Stock EOY | $7,950,673 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $7,491,032 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $7,950,673 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $7,491,032 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $7,950,673 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $7,491,032 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $907,198 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $8,398,230 | SubtotalAmt |
| Other Decreases | $447,557 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $7,950,673 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $2,903,664 | $2,902,170 | $1,494 | $1,494 | |
| K-1 ACTIVITY | $25,526 | -$25,526 | -$25,526 | P | |
| PUBLICLY TRADED SECURITIES | $498,386 | $380,642 | $117,744 | $117,744 | |
| CAPITAL GAINS DIVIDENDS | $8,699 | $8,699 | $8,699 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $102,411 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,778 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $4,778 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $4,778 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $15,030 | 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 | $15,030 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $10,252 | OverpaymentAmt |
| Applied To ES Tax | $10,252 | 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 | 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 |
| Individual With Books | ROBERT HAGEMAN | IndividualWithBooksNm |
| Phone | 7636822870 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9872 HART BOULEVARD 301 | AddressLine1Txt |
| City | MONTICELLO | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55362 | 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 | 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 |
|---|---|---|---|---|---|---|---|---|
| ROBERT HAGEMAN | ||||||||
| 9872 HART BOULEVARD 301 | MONTICELLO | MN | 55362 | PRESIDENT, DIRECTOR | 1.00 | $0 | $0 | $0 |
| COLLEEN HAGEMAN | ||||||||
| 9872 HART BOULEVARD 301 | MONTICELLO | MN | 55362 | DIRECTOR | 0.25 | $0 | $0 | $0 |
| MICHAEL HAGEMAN | ||||||||
| 9872 HART BOULEVARD 301 | MONTICELLO | MN | 55362 | VICE PRESIDENT, DIRECTOR | 0.25 | $0 | $0 | $0 |
| STACY K O HAGEMAN | ||||||||
| 9872 HART BOULEVARD 301 | MONTICELLO | MN | 55362 | TREASURER/SECRETARY, DIRECTOR | 0.25 | $0 | $0 | $0 |
| TIANI K HAGEMAN | ||||||||
| 9872 HART BOULEVARD 301 | MONTICELLO | MN | 55362 | DIRECTOR | 0.25 | $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 | $8,471,358 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $8,471,358 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $8,471,358 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $127,070 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $8,344,288 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $417,214 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $417,214 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,778 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,778 | TotalTaxAmt |
| Distributable Before Adj | $412,436 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $412,436 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $412,436 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $924,948 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $924,948 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $412,436 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $254,385 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $163,550 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $89,695 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $249,011 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $441,933 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,198,574 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $924,948 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $512,512 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $412,436 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,711,086 | 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 | $1,504,399 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $206,687 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $206,687 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | ROBERT HAGEMAN | ContributingManagerNm |
| Contributing Manager | COLLEEN HAGEMAN | ContributingManagerNm |
| Contributing Manager | MICHAEL HAGEMAN | ContributingManagerNm |
| Contributing Manager | STACY K O HAGEMAN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (30 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ALZHEIMERS ASSOCIATION | |||||||
| 22512 GATEWAY CENTER DR | CLARKSBURG | MD | 20871 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $2,000 |
| AMERICAN CANCER SOCIETY | |||||||
| PO BOX 390829 | MINNEAPOLIS | MN | 55439 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $1,000 |
| AMERICAN LEGION CHARITIES | |||||||
| 2333 WILSHIRE BLVD | MOUND | MN | 55364 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $2,000 |
| BISON FISHING FOREVER | |||||||
| BUFFALO COMMUNITY CENTER 206 CENTRA | BUFFALO | MN | 55313 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $1,000 |
| BUFFALO COVENANT CHURCH | |||||||
| 1601 HIGHWAY 25 NORTH | BUFFALO | MN | 55313 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $5,000 |
| BUFFALO FOOD SHELF | |||||||
| 301 12TH AVENUE SOUTH | BUFFALO | MN | 55313 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $65,000 |
| BUFFALO HIGH SCHOOL | |||||||
| 214 1ST AVE NE | BUFFALO | MN | 55313 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $300 |
| BUFFALO UNITED METHODIST CHURCH | |||||||
| 609 8TH STREET NW | BUFFALO | MN | 55313 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $4,400 |
| FAITH IN ACTION | |||||||
| 13074 EDGEWOOD ST | BECKER | MN | 55308 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $47,000 |
| FR TOM RAYAR HANDS OF HOPE | |||||||
| 9 THIRD STREET NW | BUFFALO | MN | 55313 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $18,500 |
| HOPE ACADEMY | |||||||
| 2300 CHICAGO AVE S | MINNEAPOLIS | MN | 55404 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $50,000 |
| LEGACY HUNTING & FISHING RETREAT | |||||||
| PO BOX 521 | ROGERS | MN | 55374 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $13,000 |
| LOVE IN THE NAME OF CHRIST - LOVE INC | |||||||
| 1111 HIGHWAY 25 N SUITE 101 | BUFFALO | MN | 55320 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $57,000 |
| MARYKNOLL MISSION | |||||||
| PO BOX 307 | MARYKNOLL | NY | 10545 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $1,000 |
| MN ADULTTEEN CHALLENGE | |||||||
| 740 E 24TH STREET | MINNEAPOLIS | MN | 55404 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $21,000 |
| MONTICELLO HELP CENTER | |||||||
| 224 W 3RD ST | MONTICELLO | MN | 55362 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $65,000 |
| MUSCULAR DYSTROPHY ASSOCIATOIN | |||||||
| 161 N CLARK STREET SUITE 3550 | CHICAGO | IL | 60603 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $1,000 |
| PAWS FOR PURPLE HEARTS | |||||||
| 10201 OLD REDWOOD HWY | PENNGROVE | CA | 94951 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $2,500 |
| RED CLOUD INDIAN SCHOOL | |||||||
| 100 MISSION DR | PINE RIDGE | SD | 57770 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $3,000 |
| RENET | |||||||
| 5500 WAYZATA BLVD SUITE 600 | MINNEAPOLIS | MN | 55416 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $1,000 |
| SALVATION ARMY | |||||||
| 2445 PRIOR AVENUE N | ST PAUL | MN | 55113 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $40,000 |
| SAMARITAN'S PURSE | |||||||
| PO BOX 3000 | BOONE | NC | 28607 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $35,000 |
| SHARING & CARING HANDS | |||||||
| 525 N 7TH ST | MINNEAPOLIS | MN | 55405 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $10,000 |
| SPECIAL OLYMPICS | |||||||
| 900 2ND AVE S SUITE 300 | MINNEAPOLIS | MN | 55402 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $25,000 |
| TOYS FOR TOTS | |||||||
| 18251 QUANTICO GATEWAY DR | TRIANGLE | VA | 22172 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $5,000 |
| TUNNEL TO TOWERS | |||||||
| 2361 HYLAN BLVD | STATEN ISLAND | NY | 10306 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $2,000 |
| UNION GOSPEL MISSION | |||||||
| 376 WESTERN AVE N | ST PAUL | MN | 55103 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $40,000 |
| UNITED SERVICE ORGANIZATIONS | |||||||
| 2111 WILSON BLVD SUITE 1200 | ARLINGTON | VA | 22201 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $1,000 |
| WHAT MATTERS MINISTRY & MISSION | |||||||
| PO BOX 62820 | COLORADO SPRINGS | CO | 80962 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $400,000 |
| WOUNDED WARRIORS PROJECT | |||||||
| 4899 BELFORT ROAD SUITE 300 | JACKSONVILLE | FL | 32256 | NONE | PC | UNRESTRICTED CHARITABLE GIFTS | $3,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $921,700 | 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 | $37,419 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $292,414 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $102,411 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $432,244 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $432,244 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBERT & COLLEEN HAGEMAN | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9872 HART BLVD 301 | AddressLine1Txt |
| City | MONTICELLO | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55362 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,504,399 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | PUBLICLY TRADED SECUTIRIES | NoncashPropertyDesc |
| Fair Market Value | $1,504,399 | FairMarketValueAmt |
| Received | 2022-11-21 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $5,525 | Amt |
| Net Investment Income | $2,763 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $2,762 | DisbursementsCharitablePrpsAmt |
Distribution From Corpus Election DistributionFromCorpusElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | ELECTION ATTACHED TO AND MADE PART OF FORM 990PFRETURN OF PRIVATE FOUNDATIONFOR THE YEAR ENDED DECEMBER 31, 2022AMOUNT TREATED AS DISTRIBUTIONS OUT OF CORPUS TO SATISFY SECTION 170(B)(1)(F)(II) PURSUANT TO TREASURY REGULATIONS SECTION 53.4942(A)-3(D)(2), HAGEMAN FOUNDATION OF HOPE HEREBY ELECTS TO TREAT, AS A CURRENT DISTRIBUTION OUT OF CORPUS, THE UNUSED EXCESS CURRENT YEAR QUALIFYING DISTRIBUTIONS OF $512,512._________________________________________________________ROBERT HAGEMAN, PRESIDENT | ElectionDesc |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990-PF, PART XII, LINE 7 | FormAndLineReferenceDesc |
| Medium Explanation | ELECTION ATTACHED TO AND MADE PART OF FORM 990PF, RETURN OF PRIVATE FOUNDATIONFOR THE YEAR ENDED DECEMBER 31, 2022AMOUNT TREATED AS DISTRIBUTIONS OUT OF CORPUS TO SATISFY SECTION 170(B)(1)(F)(II)PURSUANT TO TREASURY REGULATIONS SECTION 53.4942(A)-3(C)(2)(IV), HAGEMAN FOUNDATION OF HOPE HEREBY ELECTS TO TREAT, AS A CURRENT DISTRIBUTION OUT OF CORPUS, THE FOLLOWING UNUSED PRIOR YEARS' DISTRIBUTIONS THAT WERE TREATED AS CORPUS DISTRIBUTIONS UNDER TREASURY REGULATIONS SECTION 53.4942(A)-3(D)(1)(III) IN SUCH PRIOR TAX YEARS:TAX YEAR2017: $254,3852018: $163,5502019: $ 89,6952020: $249,0112021: $441,9332022: $305,825*THE HAGEMAN FOUNDATION OF HOPE ELECTS THIS TREATMENT FOR THE ABOVE AMOUNT BECAUSE THE FAIR MARKET VALUE OF THE PUBLICLY TRADED STOCK DONATED TO THE HAGEMAN FOUNDATION OF HOPE BY ROBERT HAGEMAN HAS BEEN DETERMINED AS OF THIS DATE TO BE $1,504,399. TO THE EXTENT THAT THE VALUE OF THE PUBLICLY TRADED STOCK IS ADJUSTED, THE HAGEMAN FOUNDATION OF HOPE ELECTS THAT THE CARRYFORWARD AMOUNT BE SIMILARLY ADJUSTED TO CARRYFORWARD ENOUGH OF THE UNUSED PRIOR YEARS' UNDISTRIBUTED CORPUS TO ALLOW THE HAGEMAN FOUNDATION OF HOPE TO ACHIEVE CONDUIT STATUS AND PASS-THROUGH TREATMENT FOR THE FULL FAIR MARKET VALUE OF THE PUBLICLY TRADED STOCK.__________________________________________________________ROBERT HAGEMAN, PRESIDENT | MediumExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORPORATE BONDS [6860] | BondNm |
| EOY Book Value | $566,332 | EOYBookValueAmt |
| EOYFMV | $529,443 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| EXCHANGE TRADED FUNDS [4970] | $40,961 | $37,684 |
| EXCHANGE TRADED FUNDS [6860] | $68,796 | $179,881 |
| PREFERRED STOCK [6860] | $876,402 | $826,852 |
| STOCKS [4970] | $656,411 | $783,194 |
| STOCKS [4982] | $1,463,424 | $1,887,914 |
| STOCKS [6860] | $2,219,341 | $2,329,764 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MUTUAL FUNDS [6860] | AT COST | $233,038 | $255,109 |
| PUNCH MICRO CAP PARTNERS LLC | AT COST | $1,267,704 | $1,668,193 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $455 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $455 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DIVIDENDS IN TRANSIT | Desc |
| BOY Book Value | $21,538 | BOYBookValueAmt |
| EOY Book Value | $11,811 | EOYBookValueAmt |
| EOYFMV | $11,811 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| BROKER ADJUSTMENTS TO BASIS | $32,481 |
| ADJUSTMENT OF NON-CASH GIFT TO COST BASIS | $415,076 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OFFICE EXPENSE | $6 | $0 | $6 |
| K-1 ACTIVITY: PUNCH MICRO CAP PARTNERS LLC | $18,836 | $18,836 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $64,199 | Amt |
| Net Investment Income | $64,199 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $2,699 | $2,699 | $0 |
| EXCISE TAXES | $16,000 | $0 | $0 |
| MN FEE | $25 | $0 | $25 |