THE RON AND DIANE FAGEN FAMILY FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE RON AND DIANE FAGEN FAMILY FOUNDATION (EIN 20-2019581)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-05-18
- IRS object ID
- 202021399349100417
- Schema version
- 2019v5.1
- 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
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-05-18T12:05:37-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | 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 | 2019-01-01 | 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 | 2020-05-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ASHLEY C REHN CPA | PreparerPersonNm |
| PTIN | P00965922 | PTIN |
| Phone | 6514267000 | PhoneNum |
| Preparation | 2020-05-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | 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 | $2,621,228 | 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 | $47,088 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $47,088 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $25,732 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $25,732 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $33,793 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,058,599 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $33,793 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $106,613 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $106,613 | 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 | $5,423 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,712 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $2,711 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $16,573 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $16,573 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $3,183 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $25,179 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $19,285 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,711 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $77,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $77,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $102,179 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $19,285 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $79,711 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,434 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $87,328 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $201,809 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $42,519 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $42,519 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $615,569 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $516,655 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $528,228 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $676,335 | CorporateStockBOYAmt |
| Corporate Stock EOY | $241,249 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $264,675 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,041,364 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,739,088 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,785,806 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $2,535,077 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,539,511 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,621,228 | 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 | $2,535,077 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,539,511 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,535,077 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,539,511 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,535,077 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,539,511 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,535,077 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,434 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $2,539,511 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,539,511 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | P | $91,119 | $88,649 | $2,470 | $2,470 |
| PUBLICLY TRADED SECURITIES | P | $965,376 | $936,157 | $29,219 | $29,219 |
| P | $0 | $0 | |||
| CAPITAL GAINS DIVIDENDS | P | $2,104 | $2,104 | $2,104 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $33,793 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $81,500 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $2,457,041 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.033170 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $124,623 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $2,401,887 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.051885 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $171,762 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $2,396,710 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.071666 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $17,450 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $2,636,069 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.006620 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $121,520 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $2,423,310 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.050146 | DistributionYr5Rt |
| Total Distribution | 0.213487 | TotalDistributionRt |
| Average Distribution | 0.042697 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $2,550,195 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $108,886 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $873 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $109,759 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $79,711 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,747 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,747 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,747 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,000 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $2,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $16 | EsPenaltyAmt |
| Overpayment | $237 | OverpaymentAmt |
| Applied To ES Tax | $237 | 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 | $2,500,223 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $88,807 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,589,030 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $2,589,030 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $38,835 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,550,195 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $127,510 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $127,510 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,747 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,747 | TotalTaxAmt |
| Distributable Before Adj | $125,763 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $125,763 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $125,763 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $79,711 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $79,711 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $79,711 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $125,763 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $36,576 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $79,711 | QualifyingDistributionsAmt |
| Applied To Year1 | $36,576 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $43,135 | 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 | $82,628 | 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 (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| GRANITE FALLS LUTHERAN CHURCH | |||||||
| 350 9TH AVE | GRANITE FALLS | MN | 56241 | NONE | PC | PAYMENT FOR ROOF | $32,000 |
| SARON LUTHERAN CHURCH | |||||||
| 311 LAKE STREET SOUTH | BIG LAKE | MN | 55309 | NONE | PC | STUDENTS IN NEED PROJECT | $5,000 |
| YELLOW MEDICINE EAST SCHOOLS | |||||||
| 450 9TH AVENUE | GRANITE FALLS | MN | 56241 | NONE | PC | SPORTS EQUIPMENT | $40,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $77,000 | 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 | $47,088 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $25,732 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $33,793 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $106,613 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $106,613 | 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 | $5,423 | Amt |
| Net Investment Income | $2,712 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $2,711 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (36 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BOOKING HOLDINGS INC 3.6% 01 JUN 2026 | $49,486 | $53,378 |
| BURLINGTON SANTA FE LLC 4.1% 01 JUN 2021 | $25,280 | $25,666 |
| DIGITAL REALTY TRUST LP 3.625% 01 OCT 2022 | $39,860 | $41,358 |
| DIGITAL REALTY TRUST LP 3.6% 01 JULY 2029 | $63,909 | $62,458 |
| FANNIE MAE POOL 5.5% 01 MAR 2037 | $1,736 | $1,911 |
| FANNIE MAE POOL 4% 01 SEP 2041 | $32,261 | $33,849 |
| FANNIE MAE POOL 3% 01 DEC 2026 | $27,183 | $27,597 |
| FANNIE MAE 4% 01 OCT 2041 | $12,161 | $12,792 |
| FANNIE MAE 4.5% 01 SEP 2041 | $5,341 | $5,649 |
| FREDDIE MAC GOLD POOL 4.5% 01 JAN 2040 | $10,174 | $10,837 |
| FREDDIE MAC GOLD POOL 4% 01 DEC 2031 | $27,829 | $28,661 |
| FREDDIE MAC GOLD POOL 4.5% 01 APR 2035 | $23,031 | $24,297 |
| FREDDIE MAC GOLD POOL 4.5% 01 FEB 2024 | $906 | $940 |
| GINNIE MAE II POOL 5.5% 20 JUL 2038 | $491 | $518 |
| SVB FINANCIAL GROUP 3.5% 29 JAN 2025 | $29,274 | $31,434 |
| CHARLES SCHWAB CORP DTD 7/22/2020 | $50,399 | $50,776 |
| QUEST DIAGNOSTIC INC DTD | $50,760 | $51,662 |
| FEDERAL FARM CREDIT BANK 3.25% 17 MAR 2023 | $30,210 | $31,513 |
| FEDERAL FARM CREDIT BANKS FUNDING CORP 1.67% 13 MAY 2021 | $10,000 | $9,997 |
| FEDERAL FARM CREDIT BANKS FUNDING CORP 3.38% 28 FEB 2029 | $59,790 | $60,797 |
| FEDERAL HOME LOAN MORTGAGE C2.375% 13 JAN 2022 | $19,931 | $20,308 |
| HALLIBURTON COMPANY 3.5% 01 AUG 2023 | $49,562 | $52,011 |
| FEDEX CORP 4% 15 JAN 2024 | $66,389 | $69,560 |
| PPG INDUSTRIES INC 3.75% 15 MAR 2028 | $51,521 | $54,407 |
| UNITED TECHNOLOGIES CORP 2.8% 04 MAY 2024 | $50,481 | $51,397 |
| AMERISOURCEBERGEN CORP DTD 11/14/2011 | $50,406 | $51,202 |
| ABBOTT LABORATORIES 3.875% 15 SEP 2025 | $46,402 | $49,018 |
| AMPHENOL CORP 2.8% 15 FEB 2030 | $49,705 | $49,534 |
| BAIRD CORE PLUS BOND FUND | $263,198 | $272,784 |
| BAIRD SHORT TERM BOND FUND | $29,287 | $29,529 |
| BAKER HUGHES CO-OBLIGOR INC 3.138% 07 NOV 2029 | $51,112 | $51,485 |
| CAPITAL ONE FINANCIAL CORP 2.4% 30 OCT 2020 | $50,105 | $50,155 |
| CLOROX CO/THE 3.1% 01 OCT 2027 | $40,304 | $41,243 |
| RALPH LAUREN CORP 3.75% 15 SEP 2025 | $51,844 | $53,829 |
| TCW TOTAL RETURN BOND FUND | $292,868 | $297,048 |
| VALERO ENERGY CORP 3.4% 15 SEP 2026 | $25,892 | $26,206 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (12 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FIDELITY OVERSEAS FUND/UNITED STATES | $50,134 | $51,343 |
| FMI INTERNATIONAL FUND | $13,960 | $13,378 |
| OPPENHEIMER DEVELOPING MARKETS FUND | $24,905 | $26,232 |
| ABERDEEN US SMALL CAP EQUITY FUND | $12,733 | $12,955 |
| JP MORGAN MID CAP VALUE FUND | $10,187 | $10,510 |
| LAZARD GLOBAL LISTED INFRASTRUCTURE | $12,304 | $12,918 |
| MFS MID CAP GROWTH FUND | $10,187 | $11,293 |
| OAKMARK INTERNATIONAL FUND | $12,733 | $14,287 |
| T ROWE PRICE DIVIDEND GROWTH FUND INC | $33,707 | $40,049 |
| VANGUARD INFORMATION TECHNOLOGY INDEX FUND | $7,791 | $9,093 |
| VANGUARD 500 INDEX FUND ADM - VFIAX | $42,613 | $51,488 |
| VANGUARD SMALL-CAP INDEX FUND | $9,995 | $11,129 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $516,655 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $528,228 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $16,573 | Amt |
| Net Investment Income | $16,573 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAX PAYMENT | CategoryTxt |
| Amt | $3,183 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |