THE RON AND DIANE FAGEN FAMILY FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- THE RON AND DIANE FAGEN FAMILY FOUNDATION (EIN 20-2019581)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-14
- IRS object ID
- 202213189349106051
- Schema version
- 2021v4.2
- 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 Govt Obligations Sch
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-14T16:04:47-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410975573 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REDPATH AND COMPANY LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4810 WHITE BEAR PARKWAY | AddressLine1Txt |
| City | WHITE BEAR LAKE | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202019581 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE RON AND DIANE FAGEN FAMILY | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RONA | BusinessNameControlTxt |
| Phone | 3205645103 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 69 | AddressLine1Txt |
| City | GRANITE FALLS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56241 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DIANE FAGEN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3205645103 | PhoneNum |
| Signature | 2022-11-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DIANE | PersonFirstNm |
| Person Last | FAGEN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ASHLEY REHN CPA | PreparerPersonNm |
| PTIN | P00965922 | PTIN |
| Phone | 6514267000 | PhoneNum |
| Preparation | 2022-11-04 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $2,702,814 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $44,603 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $44,603 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $10,550 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $10,550 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $48,177 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $529,055 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $48,177 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $103,330 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $103,330 | 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 | $5,150 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,575 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $2,575 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $17,989 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $17,989 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $975 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $119 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $24,233 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $20,564 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,575 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $127,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $127,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $151,233 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $20,564 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $129,575 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$47,903 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $82,766 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $170,727 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $50,596 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $50,596 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $415,234 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $339,547 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $352,851 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $443,182 | CorporateStockBOYAmt |
| Corporate Stock EOY | $433,502 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $619,363 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,519,826 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,648,864 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,652,130 | CorporateBondsEOYFMVAmt |
| Mortgage Loans BOY | $0 | MortgageLoansBOYAmt |
| Mortgage Loans EOY | $28,557 | MortgageLoansEOYAmt |
| Mortgage Loans EOYFMV | $27,874 | MortgageLoansEOYFMVAmt |
| Total Assets BOY | $2,548,969 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,501,066 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,702,814 | 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 | $2,548,969 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,501,066 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,548,969 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,501,066 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,548,969 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,501,066 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,548,969 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$47,903 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $2,501,066 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,501,066 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $512,376 | $480,878 | $31,498 | $31,498 | |
| CAPITAL GAINS DIVIDENDS | $16,679 | $16,679 | $16,679 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $48,177 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,150 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,150 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,150 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,600 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $1,200 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $2,800 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $2 | EsPenaltyAmt |
| Overpayment | $1,648 | OverpaymentAmt |
| Applied To ES Tax | $1,648 | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3205645103 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 69 | AddressLine1Txt |
| City | GRANITE FALLS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56241 | 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| DIANE FAGEN | ||||||||
| PO BOX 69 | GRANITE FALLS | MN | 56241 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| RON FAGEN | ||||||||
| PO BOX 69 | GRANITE FALLS | MN | 56241 | VICE PRESIDENT/TREASURER | 1.00 | $0 | $0 | $0 |
| EVAN FAGEN | ||||||||
| PO BOX 69 | GRANITE FALLS | MN | 56241 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| AARON FAGEN | ||||||||
| PO BOX 69 | GRANITE FALLS | MN | 56241 | DIRECTOR | 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 | $2,616,869 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $176,642 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,793,511 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $2,793,511 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $41,903 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,751,608 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $137,580 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $137,580 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,150 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,150 | TotalTaxAmt |
| Distributable Before Adj | $136,430 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $136,430 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $136,430 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $129,575 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $129,575 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $136,430 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $126,998 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $129,575 | QualifyingDistributionsAmt |
| Applied To Year1 | $126,998 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,577 | 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 | $0 | Taxable2Amt |
| Undistributed Income CY | $133,853 | 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 | DIANE FAGEN | ContributingManagerNm |
| Contributing Manager | RON FAGEN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (15 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| AMERICAN RED CROSS | ||||||||
| 431 18TH STREET NW | WASHINGTON | DC | 20006 | NONE | PC | GENERAL SUPPORT | $50,000 | |
| AVERA GRANITE FALLS | ||||||||
| 345 10TH AVE | GRANITE FALLS | MN | 56241 | NONE | GOV | GENERAL SUPPORT | $2,500 | |
| GRANITE FALLS FIRE DEPARTMENT | ||||||||
| 501 PRENTICE STREET | GRANITE FALLS | MN | 56241 | NONE | GOV | GENERAL SUPPORT | $2,500 | |
| GRANITE FALLS POLICE DEPARTMENT | ||||||||
| 415 9TH AVENUE SUITE 102 | GRANITE FALLS | MN | 56241 | NONE | GOV | GENERAL SUPPORT | $2,000 | |
| HUMANE SOCIETY OF KANDIYOHI AND MEEKER COUNTIES | ||||||||
| 250 28TH ST SW | WILLMAR | MN | 56201 | NONE | PC | GENERAL SUPPORT | $5,000 | |
| MINNESOTA MILITARY FAMILY FOUNDATION | ||||||||
| 620 MENDELSSOHN AVENUE NORTH SUITE | GOLDEN VALLEY | MN | 55427 | NONE | PC | GENERAL SUPPORT | $10,000 | 121 |
| NEIGHBORS UNITED RESOURCE CENTER | ||||||||
| 415 9TH AVE SUITE 202 | GRANITE FALLS | MN | 56241 | NONE | PC | GENERAL SUPPORT | $1,000 | |
| YELLOW MEDICINE COUNTY SHERIFF | ||||||||
| 415 9TH AVENUE SUITE 103 | GRANITE FALLS | MN | 56241 | NONE | GOV | GENERAL SUPPORT | $2,000 | |
| GRANITE FALLS LIVING AT HOMESBLOCK NURSES | ||||||||
| PO BOX 84 | GRANITE FALLS | MN | 56241 | NONE | PC | GENERAL SUPPORT | $2,000 | |
| TUNNEL TO TOWERS FOUNDATION | ||||||||
| 2361 HYLAN BOULEVARD | STATEN ISLAND | NY | 10306 | NONE | PC | GENERAL SUPPORT | $10,000 | |
| SHRINERS CHILDREN'S TWIN CITIES | ||||||||
| 215 RADIO DRIVE SUITE 100 | WOODBURY | MN | 55125 | NONE | PC | GENERAL SUPPORT | $10,000 | |
| GARY SINISE FOUNDATION | ||||||||
| PO BOX 368 | WOODLAND HILLS | CA | 91365 | NONE | PC | GENERAL SUPPORT | $5,000 | |
| ST JUDE CHILDREN'S RESEARCH HOSPITAL | ||||||||
| 501 ST JUDE PLACE | MEMPHIS | TN | 38105 | NONE | PC | GENERAL SUPPORT | $5,000 | |
| THE STATE UNIVERSITY OF IOWA FOUNDATION | ||||||||
| ONE WEST PARK ROAD | IOWA CITY | IA | 52242 | NONE | PC | GENERAL SUPPORT | $10,000 | |
| SALVATION ARMY | ||||||||
| 2445 PRIOR AVE N | ROSEVILLE | MN | 55113 | NONE | PC | GENERAL SUPPORT | $10,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $127,000 | 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 | $44,603 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $10,550 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $48,177 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $103,330 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $103,330 | 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 | ACCOUNTING FEES | CategoryTxt |
| Amt | $5,150 | Amt |
| Net Investment Income | $2,575 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $2,575 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (44 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBOTT LABORATORIES 3.875% 15 SEP 2025 | $45,970 | $48,890 |
| ACTIVISION BLIZZARD INC 3.4% 15 SEP 2026 | $49,451 | $48,150 |
| AMPHENOL CORP 2.8% 15 FEB 2030 | $65,501 | $67,043 |
| BAIRD CORE PLUS BOND FUND | $74,181 | $72,327 |
| BAIRD SHORT TERM BOND FUND | $9,867 | $9,848 |
| BAKER HUGHES CO-OBLIGOR INC 3.138% 07 NOV 2029 | $50,891 | $52,693 |
| BOOKING HOLDINGS INC 3.6% 01 JUN 2026 | $82,667 | $86,261 |
| BRANDYWINEGLOBAL CORPORATE CREDIT FUND | $6,101 | $5,940 |
| BROOKINGS SD SCH DIST #5-1 REF 27 SEP | $33,569 | $33,985 |
| CLOROX CO/THE 3.1% 01 OCT 2027 | $40,201 | $42,479 |
| DIAGEO INVESTMENT CORP 8% 15 SEP 2022 | $26,868 | $26,270 |
| DIGITAL REALTY TRUST LP 3.6% 01 JULY 2029 | $74,816 | $75,832 |
| EATON VANCE EMERGING MARKETS DEBT OPPORTUNITIES FUND | $6,145 | $5,902 |
| EXXON MOBIL CORP 2.61% | $69,046 | $66,400 |
| FANNIE MAE POOL 5.5% 01 MAR 2037 | $1,036 | $1,160 |
| FANNIE MAE POOL 4% 01 SEP 2041 | $14,911 | $16,078 |
| FANNIE MAE POOL 3% 01 DEC 2026 | $12,239 | $12,680 |
| FANNIE MAE 4% 01 OCT 2041 | $6,589 | $7,096 |
| FANNIE MAE 4.5% 01 SEP 2041 | $3,016 | $3,238 |
| FEDERAL FARM CREDIT BANKS FUNDING CORP 1% 24 MAR 2023 | $30,090 | $31,081 |
| FEDERAL FARM CREDIT BANK 0.73% 19 MAY 2025 | $89,955 | $88,853 |
| FEDERAL FARM CREDIT BANKS FUNDING CORP 1.42% 18 FEB 2031 | $59,400 | $57,610 |
| FEDERAL FARM CREDIT BANKS FUNDING CORP 1.57% 5 APR 2028 | $39,930 | $39,795 |
| FEDERAL FARM CREDIT BANKS FUNDING CORP 3.38% 28 FEB 2029 | $59,790 | $60,233 |
| FEDERAL HOME LOAN BANKS 1.75% 26 AUG 2033 | $24,813 | $24,400 |
| FEDERAL HOME LOAN BANKS 1.93% 09 JUN 2031 | $70,000 | $69,525 |
| FEDERAL HOME LOAN MORTGAGE C2.375% 13 JAN 2022 | $19,931 | $20,013 |
| FREDDIE MAC GOLD POOL 4% 01 DEC 2031 | $14,916 | $15,543 |
| FREDDIE MAC GOLD POOL 4.5% 01 APR 2035 | $13,883 | $14,860 |
| FREDDIE MAC GOLD POOL 4.5% 01 FEB 2024 | $257 | $266 |
| GINNIE MAE II POOL 5.5% 20 JUL 2038 | $354 | $383 |
| GUGGENHEIM - TOTAL RETURN BOND FUND | $39,517 | $39,156 |
| HALLIBURTON COMPANY 3.5% 01 AUG 2023 | $49,562 | $51,624 |
| MAXIM INTEGRATED PRODUCTS INC 3.45 15 JUN 2027 | $10,816 | $10,780 |
| ORACLE CORP 2.875% 25 MAR 2031 | $10,246 | $10,075 |
| PAYPAL HOLDINGS INC 2.85% | $82,707 | $79,006 |
| PPG INDUSTRIES INC 2.55% 15 JUN 2030 | $31,910 | $30,513 |
| PPG INDUSTRIES INC 2.8% 15 AUG 2029 | $16,353 | $15,632 |
| RALPH LAUREN CORP 3.75% 15 SEP 2025 | $51,293 | $53,891 |
| REGENERON PHARMACEUTICALS INC 1.75% 15 SEP 2030 | $14,612 | $14,185 |
| SVB FINANCIAL GROUP 3.125% 05 JUN 2030 | $82,305 | $78,712 |
| SVB FINANCIAL GROUP 3.5% 29 JAN 2025 | $50,652 | $52,772 |
| TCW TOTAL RETURN BOND FUND | $64,961 | $62,919 |
| VALERO ENERGY CORP 3.4% 15 SEP 2026 | $47,546 | $48,031 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABERDEEN US SMALL CAP EQUITY FUND | $14,150 | $20,512 |
| FIDELITY OVERSEAS FUND/UNITED STATES | $67,571 | $95,061 |
| FMI INTERNATIONAL FUND | $37,998 | $48,829 |
| INVESCO DEVELOPING MARKETS FUND | $50,144 | $56,059 |
| JP MORGAN HEDGED EQUITY FUND | $35,681 | $43,339 |
| JP MORGAN MID CAP VALUE FUND | $20,490 | $25,016 |
| MFS MID CAP GROWTH FUND | $16,409 | $25,330 |
| T ROWE PRICE DIVIDEND GROWTH FUND INC | $61,697 | $94,301 |
| VANGUARD 500 INDEX FUND ADM - VFIAX | $105,382 | $167,580 |
| VANGUARD INFORMATION TECHNOLOGY INDEX FUND | $16,426 | $30,759 |
| VANGUARD SMALL-CAP INDEX FUND | $7,554 | $12,577 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $339,547 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $352,851 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MN AG FILING FEE | $25 | $0 | $0 |
| MISCELLANEOUS FEES | $94 | $0 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $17,989 | Amt |
| Net Investment Income | $17,989 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAX PAYMENT | CategoryTxt |
| Amt | $975 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |