JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA (EIN 27-4196509)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-06-18
- IRS object ID
- 202101699349100205
- Schema version
- 2020v4.1
- 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
- Gain Loss Sale Other Assets Sch
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-06-18T09:18:22-07:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Landon C Scott PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8985 33rd St N | AddressLine1Txt |
| City | Lake Elmo | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 274196509 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JAYA | BusinessNameControlTxt |
| Phone | 6126723878 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 IDS CENTER 80 S 8TH STREET | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEAN ADAMS | PersonNm |
| Person Title | COO | PersonTitleTxt |
| Phone | 6126723878 | PhoneNum |
| Signature | 2021-06-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JEAN | PersonFirstNm |
| Person Last | ADAMS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JULIE R RICHARDSON CPA | PreparerPersonNm |
| PTIN | P01567137 | PTIN |
| Phone | 6517748785 | PhoneNum |
| Preparation | 2021-06-18 | 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 |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | 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 | $69,155,945 | 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 |
| Dividends Rev And Expnss | $937,748 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $937,748 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $11,154,475 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $46,507,400 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $11,154,475 | CapGainNetIncmNetInvstIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $69,607 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $12,161,830 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $12,092,223 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $164,998 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $164,998 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $259,914 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $259,914 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $102,723 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $102,723 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $4,020 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $4,020 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,655 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $7,800 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $855 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $120,361 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $120,361 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $155,387 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $416 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $29,971 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $34 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $58,846 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $58,846 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $3,450 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $3,450 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $7,768 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $7,768 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $226,353 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $226,353 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,112,509 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $128,577 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $858,898 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,476,317 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,476,317 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,588,826 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $128,577 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,335,215 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $7,573,004 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $11,963,646 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $35,454 | CashBOYAmt |
| Cash EOY | $64,043 | CashEOYAmt |
| Cash EOYFMV | $64,043 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $991,120 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $5,169,046 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $5,169,046 | SavAndTempCashInvstEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl BOY | $142,725 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Corporate Stock BOY | $21,041,270 | CorporateStockBOYAmt |
| Corporate Stock EOY | $29,848,308 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $37,956,259 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $8,913,062 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $14,490,565 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $14,946,842 | CorporateBondsEOYFMVAmt |
| Land Bldg Investments EOY | $0 | LandBldgInvestmentsEOYAmt |
| Other Investments BOY | $22,704,053 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $10,215,448 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $9,537,581 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $35,782 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $31,782 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $4,034 | LandBOYAmt |
| Land EOY | $4,000 | LandEOYAmt |
| Land EOYFMV | $4,034 | LandEOYFMVAmt |
| Other Assets BOY | $2,600 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,478,140 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,478,140 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $53,834,318 | TotalAssetsBOYAmt |
| Total Assets EOY | $61,269,550 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $69,155,945 | TotalAssetsEOYFMVAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $139,000 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $1,346 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $2,574 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $140,346 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,574 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $53,693,972 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $61,266,976 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $53,693,972 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $61,266,976 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $53,834,318 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $61,269,550 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $53,693,972 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $7,573,004 | ExcessRevenueOverExpensesAmt |
| Subtotal | $61,266,976 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $61,266,976 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | SECURITIES | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2019-01-01 | AcquiredDt |
| Sold | 2020-06-30 | SoldDt |
| Gross Sales Price | $46,507,400 | GrossSalesPriceAmt |
| Depreciation | $0 | DepreciationAmt |
| Cost Or Other Basis | $35,352,925 | CostOrOtherBasisAmt |
| Gain Or Loss | $11,154,475 | GainOrLossAmt |
| FMV As Of123169 | $0 | FMVAsOf123169Amt |
| Adjusted Basis As Of123169 | $0 | AdjustedBasisAsOf123169Amt |
| Excess FMV Over Adjusted Bss | $0 | ExcessFMVOverAdjustedBssAmt |
| Gains Minus Excess Or Losses | $11,154,475 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $11,154,475 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $166,295 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $166,295 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $166,295 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $171,670 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $171,670 | TotalPaymentsAndCreditsAmt |
| Original Return Overpayment | -$171,670 | OriginalReturnOverpaymentAmt |
| Overpayment | $5,375 | OverpaymentAmt |
| Applied To ES Tax | $5,375 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.PHILLIPSFAMILYMN.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JEAN ADAMS COO THE MINNEAPOLIS FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6126723821 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 SOUTH 8TH ST SUITE 800 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
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 |
|---|---|---|---|---|---|---|---|---|
| PATRICK TROSKA | ||||||||
| 80 SOUTH 8TH ST SUITE 800 | MINNEAPOLIS | MN | 55402 | PRESIDENT | 37.50 | $164,998 | $32,933 | $0 |
| DEAN PHILLIPS | ||||||||
| 80 SOUTH 8TH ST SUITE 800 | MINNEAPOLIS | MN | 55402 | CO-CHAIR/TREAS | 2.00 | $0 | $0 | $0 |
| JEANNE PHILLIPS | ||||||||
| 80 SOUTH 8TH ST SUITE 800 | MINNEAPOLIS | MN | 55402 | CO-CHAIR | 2.00 | $0 | $0 | $0 |
| WALTER HARRIS | ||||||||
| 80 SOUTH 8TH ST SUITE 800 | MINNEAPOLIS | MN | 55402 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| TYLER PHILLIPS | ||||||||
| 80 SOUTH 8TH ST SUITE 800 | MINNEAPOLIS | MN | 55402 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| HUTTON PHILLIPS | ||||||||
| 80 SOUTH 8TH ST SUITE 800 | MINNEAPOLIS | MN | 55402 | DIRECTOR | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| JOEL LUEDTKE | ||||||||
| 615 1ST AVENUE NE SUITE 400 | MINNEAPOLIS | MN | 55413 | SR PROG OFFICER | 37.50 | $106,925 | $34,729 | $0 |
| TRACY LAMPARTY | ||||||||
| 615 1ST AVENUE NE SUITE 400 | MINNEAPOLIS | MN | 55413 | GRANTS & OPERATIONS | 37.50 | $77,022 | $24,079 | $0 |
| ELIZABETH COCO | ||||||||
| 615 1ST AVENUE NE SUITE 400 | MINNEAPOLIS | MN | 55413 | VIST PROG MANAGER | 37.50 | $67,980 | $14,684 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 3 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JP MORGAN | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 PARK AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT ADVISORY | ServiceTypeTxt |
| Compensation | $55,345 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 1 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SEE ATTACHMENT 6 | Description1Txt |
| Expenses1 | $899,694 | Expenses1Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $47,705,745 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $18,173,915 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $65,879,660 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $65,879,660 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $988,195 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $64,891,465 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,244,573 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,244,573 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $166,295 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $166,295 | TotalTaxAmt |
| Distributable Before Adj | $3,078,278 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,078,278 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,078,278 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,335,215 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $4,335,215 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $4,335,215 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,078,278 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $465,665 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $49,345 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $373,663 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $596,357 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $740,807 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,225,837 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,335,215 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,078,278 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,256,937 | RemainingDistriFromCorpusAmt |
| Total Corpus | $3,482,774 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $465,665 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $3,017,109 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $49,345 | ExcessFromYear4Amt |
| Excess From Year3 | $373,663 | ExcessFromYear3Amt |
| Excess From Year2 | $596,357 | ExcessFromYear2Amt |
| Excess From Year1 | $740,807 | ExcessFromYear1Amt |
| Excess From Current Year | $1,256,937 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NA | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE ATTACHMENT 4 | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 IDS CENTER 80 S 8TH ST | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | SEE ATTACHMENT 4 | GrantOrContributionPurposeTxt |
| Amt | $3,476,317 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,476,317 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE ATTACHMENT 5 | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 IDS CENTER 80 S 8TH ST | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | SEE ATTACHMENT 5 | GrantOrContributionPurposeTxt |
| Amt | $1,748,071 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $1,748,071 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $937,748 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $11,154,475 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $12,092,223 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $12,092,223 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| LANDON C SCOTT, PLLC Accounting | $7,800 | $7,800 | |
| MISC Accounting | $855 | $855 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | SECURITIES | AssetDesc |
| How Acquired | Purchased | HowAcquiredTxt |
| Gross Sales Price | $46,507,400 | GrossSalesPriceAmt |
| Basis | $35,352,925 | BasisAmt |
| Total Net | $11,154,475 | TotalNetAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | BERNSTEIN - FIXED INCOME - ATTACHMENT 1 | BondNm |
| EOY Book Value | $14,490,565 | EOYBookValueAmt |
| EOYFMV | $14,946,842 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | BERNSTEIN - EQUITIES - ATTACHMENT 1 | StockNm |
| EOY Book Value | $29,848,308 | EOYBookValueAmt |
| EOYFMV | $37,956,259 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| JP MORGAN - HEDGE FUNDS - ATTACHMENT 2 | $595,940 | $390,729 |
| JP MORGAN - PRIVATE INVESTMENTS - ATTACHMENT 3 | $6,519,508 | $5,978,163 |
| BERNSTEIN - ALTERNATIVE - ATTACHMENT 1 | $3,100,000 | $3,168,689 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | FIXED ASSETS | CategoryOrItemTxt |
| Cost Or Other Basis | $35,782 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $31,782 | AccumulatedDepreciationAmt |
| Book Value | $4,000 | BookValueAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Nilan Johnson Lewis LEGAL | CategoryTxt |
| Legal Fees | $4,020 | LegalFeesAmt |
| Disbursements Charitable Prps | $4,020 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| OTHER ASSETS | $2,600 | $2,600 | $2,600 |
| EQUITY INVESTMENT | $0 | $1,475,540 | $1,475,540 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (15 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| TELEPHONE | $9,130 | $9,130 |
| STAFF EXPENSES - MEETINGS | $3,772 | $3,772 |
| STAFF EXPENSE - PROF DEV/TRAVEL | $3,153 | $3,153 |
| OFFICE EXPENSE | $22,177 | $22,177 |
| INSURANCE EXPENSE | $2,815 | $2,815 |
| COMMUNITY ADVISORY | $15,699 | $15,699 |
| COMMUNITY ENGAGEMENTS | $10,146 | $10,146 |
| CONSULTING | $59,163 | $59,163 |
| EVALUATION | $54,270 | $54,270 |
| OTHER | $4,620 | $4,620 |
| COVID-19 EXPENSES | $15,116 | $15,116 |
| CONSULATANTS: | ||
| NORTH MINNEAPOLIS REVITALIZATION PROJECT | $20,077 | $20,077 |
| 75TH ANNIVERSARY HISTORY PROJECT | $4,115 | $4,115 |
| MISCELLANEOUS | $2,100 | $2,100 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REIMBURSEMENT OF PY VISTA EXPENSES | Desc |
| Revenue And Expenses Per Books | $69,607 | RevenueAndExpensesPerBooksAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PAYROLL LIABILITIES | Desc |
| BOY Book Value | $1,346 | BOYBookValueAmt |
| EOY Book Value | $2,574 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| JPMORGAN INVESTMENT ADVISOR | $55,345 | $55,345 |
| NORTHERN TRUST INVESTMENT ADVISOR | $30,580 | $30,580 |
| BERNSTEIN INVESTMENT ADVISOR | $34,436 | $34,436 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| PAYROLL TAXES | $29,971 | $29,971 | |
| EXCISE TAXES | $125,000 | ||
| FOREIGN TAXES | $416 | $416 |