HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023 (EIN 93-4718893)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-09-19
- IRS object ID
- 202532629349100703
- Schema version
- 2024v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Notes Loans Rcvbl Long Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-09-19T10:36:30-04:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 873535945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KELSEY ARNDT & TWEIT PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 W MAIN ST | AddressLine1Txt |
| City | MADELIA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56062 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 934718893 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOWARD RASMUSSEN CHARITABLE TRUST | BusinessNameLine1Txt |
| Business Name Line2 | DATED JANUARY 1 2023 | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOWA | BusinessNameControlTxt |
| Phone | 5076422800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 WEST MAIN ST | AddressLine1Txt |
| City | MADELIA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56062 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD C KELSEY | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 5076422800 | PhoneNum |
| Signature | 2025-09-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DARIN H TWEIT CPA | PreparerPersonNm |
| PTIN | P00316864 | PTIN |
| Phone | 5076422800 | PhoneNum |
| Preparation | 2025-09-19 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | Yes (X) | InitialReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $3,715,239 | 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 | $4,947 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $4,947 | InterestOnSavNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $136,295 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $136,295 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $71,101 | NetRentalIncomeOrLossAmt |
| Total Rev And Expnss | $141,242 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $141,242 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $8,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $21,752 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $21,752 | LegalFeesNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $3,130 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $3,130 | AccountingFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $791 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $791 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $14,256 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $14,256 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $24,492 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $24,492 | OccupancyNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $773 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $773 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $73,194 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $65,194 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $113,350 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $113,350 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $186,544 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $65,194 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $113,350 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$45,302 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $76,048 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $260,784 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $238,739 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $238,739 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $37,500 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $46,500 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $37,500 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $37,500 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $3,439,000 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $49,887 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $3,403,367 | LandBOYAmt |
| Land EOY | $3,389,113 | LandEOYAmt |
| Land EOYFMV | $3,439,000 | LandEOYFMVAmt |
| Total Assets BOY | $3,710,651 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,665,352 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,715,239 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $3,594,445 | CapitalStockBOYAmt |
| Capital Stock EOY | $3,594,445 | CapitalStockEOYAmt |
| Retained Earning BOY | $116,206 | RetainedEarningBOYAmt |
| Retained Earning EOY | $70,907 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,710,651 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,665,352 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,710,651 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,665,352 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,710,651 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$45,302 | ExcessRevenueOverExpensesAmt |
| Other Increases | $3 | OtherIncreasesAmt |
| Subtotal | $3,665,352 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $3,665,352 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,057 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,057 | SubtotalAmt |
| Tax Based On Investment Income | $1,057 | TaxBasedOnInvestmentIncomeAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $60 | EsPenaltyAmt |
| Tax Due | $1,117 | TaxDueAmt |
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 |
| 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 | N/A | WebsiteAddressTxt |
| Individual With Books | RICHARD C KELSEY | IndividualWithBooksNm |
| Phone | 5076422800 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 WEST MAIN STREET | AddressLine1Txt |
| Address Line2 | PO BOX 100 | AddressLine2Txt |
| City | MADELIA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56062 | 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 | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| RICHARD C KELSEY | |||||||||
| 8 WEST MAIN STREET | PO BOX 100 | MADELIA | MN | 56062 | TRUSTEE | 1.00 | $5,000 | $0 | $0 |
| STEVEN J SORENSON | |||||||||
| 81563 HAMMOND HIGHWAY | MADELIA | MN | 56062 | TRUSTEE | 0.25 | $1,500 | $0 | $0 | |
| ALLEN O KLINKNER | |||||||||
| 19139 ENGLEWOOD RD | LAKE CRYSTAL | MN | 56055 | TRUSTEE | 0.25 | $1,500 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $249,761 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,465,478 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,715,239 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $3,715,239 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $55,729 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,659,510 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $182,976 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $182,976 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,057 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,057 | TotalTaxAmt |
| Distributable Before Adj | $181,919 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $181,919 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $181,919 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $113,350 | ExpensesAndContributionsAmt |
| Set Aside Suitability Test | $25,000 | SetAsideSuitabilityTestAmt |
| Qualifying Distributions | $138,350 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $181,919 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $86,712 | UndistributedIncomePYAmt |
| Qualifying Distributions | $138,350 | QualifyingDistributionsAmt |
| Applied To Year1 | $86,712 | AppliedToYear1Amt |
| Applied To Current Year | $51,638 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $130,281 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | RICHARD C KELSEY | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 WEST MAIN ST | AddressLine1Txt |
| Address Line2 | PO BOX 100 | AddressLine2Txt |
| City | MADELIA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56062 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 5076422800 | RecipientPhoneNum |
| Recipient Email Address | RICH@KAT.CPA | RecipientEmailAddressTxt |
| Form And Info And Materials | WRITTEN APPLICATIONS SUBMITTED ANNUALLY BY QUALIFIED CHARITABLE ORGANIZATIONS WHICH ARE REVIEWED AND APPROVED BY A THREE-PERSON BOARD OF TRUSTEES. CHARITABLE ORGANIZATION GRANT APPLICANTS MUST STATE THE PURPOSE AND PROPOSED USE OF FUNDS, EXPECTED BENEFITS TO THE ORGANIZATION, AND EXPECTED BENEFITS TO THE COMMUNITY AT LARGE IN THE APPLICATION FOR THE REQUESTED GRANT AMOUNT, AND BE ABLE TO DOCUMENT HOW THE GRANT FUNDS WILL ACTUALLY BE SPENT. IF THE REQUESTING ORGANIZATIONS ARE REQUESTING GRANTS FOR SPECIAL PROJECTS THAT WILL REQUIRE ADDITIONAL FUNDS FROM OTHER PARTIES, THE REQUESTING ORGANIZATION MUST STATE THE TOTAL EXPECTED DOLLAR AMOUNT OF THE PROJECT AND THE SOURCE OF ANY OTHER FUNDS. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | OCTOBER 1 OF EACH YEAR. | SubmissionDeadlinesTxt |
| Restrictions On Awards | GRANTS AWARDED TO QUALIFIED CHARITABLE ORGANIZATIONS ARE TO BE USED SOLELY FOR CHARITABLE PURPOSES WHICH SERVE AND/OR BENEFIT MADELIA, LAKE CRYSTAL, AND THE AREA WITHIN A 10 MILE RADIUS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Business Name Line2RecipientBusinessName/BusinessNameLine2Txt | Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|---|
| TWIN VALLEY COUNCIL | ||||||||
| BOY SCOUTS OF AMERICA | 227 1ST STREET SE | MADELIA | MN | 56062 | N/A | 501(C)(3) | ACTIVITIES, UNIFORMS & SUPPLIES | $2,500 |
| MADELIA BASEBALLSOFTBALL ASSOC | ||||||||
| PO BOX 235 | MADELIA | MN | 56062 | N/A | 501(C)(3) | IMPROVEMENTS AT BALLPARK | $5,000 | |
| MADELIA COMMUNITY FOOD SHELF | ||||||||
| 810 1ST ST SW | MADELIA | MN | 56062 | N/A | 501(C)(3) | FEED RESIDENTS WITH FOOD INSECURITY | $6,000 | |
| MADELIA HEALTH | ||||||||
| 121 DREW AVE SE | MADELIA | MN | 56062 | N/A | 501(C)(3) | UPGRADE MEDICAL EQUIPMENT | $30,000 | |
| MADELIA HEALTH FOUNDATION | ||||||||
| 121 DREW AVE SE | MADELIA | MN | 56062 | N/A | 501(C)(3) | SUPPORT COUMMUNITY HEALTH CARE | $30,000 | |
| LIONS CLUB OF MADELIA | ||||||||
| PO BOX 75 | MADELIA | MN | 56062 | N/A | 501(C)(3) | ACTIVITIES FOR COUMMUNITY YOUTH | $750 | |
| MADELIA SENIOR TRANSPORTATION GROUP | ||||||||
| 868 GOVES WAY | MADELIA | MN | 56062 | N/A | 501(C)(3) | DRIVER REIMBURSEMENT | $100 | |
| LAKE CRYSTAL AREA RECREATION CENTER | ||||||||
| 621 W NATHAN ST | LAKE CRYSTAL | MN | 56055 | N/A | 501(C)(3) | REC CENTER EXPANSION | $25,000 | |
| LAKE CRYSTAL BAEBALL ASSOCIATION | ||||||||
| 608 510TH AVE | LAKE CRYSTAL | MN | 56055 | N/A | 501(C)(3) | FIELD UPGRADES | $5,000 | |
| LAKE CRYSTAL WELLCOME MEMORIAL | ||||||||
| MUSIC DEPARTMENT | 607 KNIGHTS LANE | LAKE CRYSTAL | MN | 56055 | N/A | 501(C)(3) | BAND EQUIPMENT | $6,000 |
| LITTLE LAKERS CHILD CARE CENTER | ||||||||
| 19404 510TH AVE | LAKE CRYSTAL | MN | 56055 | N/A | 501(C)(3) | CHILDCARE EQUIPMENT | $1,000 | |
| WATONWAN COUNTY 4-H FEDERATION | ||||||||
| 108 8TH ST S 100 | ST JAMES | MN | 56081 | LEARNING & COMMUNITY SERVICE PROGRAM | $2,000 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $113,350 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MADELIA COMMUNITY FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | SPLASH PAD PROJECT | BusinessNameLine2Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 660 HAYNES AVE NE | AddressLine1Txt |
| City | MADELIA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56062 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | 501(C)(3) | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | COMMUNITY SPLASH PAD PROJCET | GrantOrContributionPurposeTxt |
| Amt | $25,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $25,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $4,947 | RelatedOrExemptFunctionIncmAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 25 | ExclusionCd |
| Exclusion | $71,101 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $71,101 | ExclusionAmt |
| Related Or Exempt Function Incm | $4,947 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $76,048 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FARMLAND RENT | CategoryTxt |
| Amt | $3,130 | Amt |
| Net Investment Income | $3,130 | NetInvestmentIncomeAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (12 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| PARCEL 1 - 160A SEC 31 | 2021-03-02 | $1,204,000 | |||||
| PARCEL 1 TILING 500/A | 2021-03-02 | $80,000 | $13,333 | S/L | 15.0000 | $5,334 | $5,334 |
| PARCEL 2 - 40A SEC 31 | 2021-03-02 | $280,000 | |||||
| PARCEL 2 TILING 500/A | 2021-03-02 | $20,000 | $3,333 | S/L | 15.0000 | $1,334 | $1,334 |
| PARCEL 3 - 79A SEC 32 | 2021-03-02 | $618,500 | |||||
| PARCEL 3 TILING 500/A | 2021-03-02 | $39,500 | $6,583 | S/L | 15.0000 | $2,634 | $2,634 |
| PARCEL 4 - 73.1A SEC 32 | 2021-03-02 | $542,450 | |||||
| PARCEL 4 TILING 500/A | 2021-03-02 | $36,550 | $6,092 | S/L | 15.0000 | $2,436 | $2,436 |
| PARCEL 5 - 40A SEC 32 | 2021-03-02 | $314,000 | |||||
| PARCEL 5 TILING 500/A | 2021-03-02 | $20,000 | $3,333 | S/L | 15.0000 | $1,334 | $1,334 |
| PARCEL 6 - 35.5A SEC 32 | 2021-03-02 | $266,250 | |||||
| PARCEL 6 TILING 500/A | 2021-03-02 | $17,750 | $2,958 | S/L | 15.0000 | $1,184 | $1,184 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| TILING | $213,800 | $49,887 | $163,913 | $213,800 |
| FARMLAND | $3,225,200 | $3,225,200 | $3,225,200 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FARMLAND RENT | CategoryTxt |
| Legal Fees | $21,752 | LegalFeesAmt |
| Net Investment Income | $21,752 | NetInvestmentIncomeAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FARMLAND RENT | ||
| ADVERTISING | $186 | $186 |
| BANK CHARGES | $12 | $12 |
| INSURANCE | $469 | $469 |
| MISCELLANEOUS | $53 | $53 |
| MN ANNUAL REPORT FILING FEE | $25 | $25 |
| OFFICE SUPPLIES | $28 | $28 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROUNDING | Desc |
| Amt | $3 | Amt |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp
Borrower Name BorrowerNameGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICK LISA ELKINS | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Insider Relationship | N/A | InsiderRelationshipTxt |
| Loan Original | $60,000 | LoanOriginalAmt |
| Balance Due | $37,500 | BalanceDueAmt |
| Note | 2022-05 | NoteDt |
| Loan Maturity | 2029-03 | LoanMaturityDt |
| Repayment Terms | 750 PER MONTH | RepaymentTermsTxt |
| Interest | 0.0000 | InterestRt |
| Security Provided Borrower | MOTGAGE ON PERSONAL RESIDENCE | SecurityProvidedBorrowerTxt |
| Loan Purpose | PERSONAL EXPENSES OF BORROWER | LoanPurposeTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FARMLAND RENT | CategoryTxt |
| Amt | $791 | Amt |
| Net Investment Income | $791 | NetInvestmentIncomeAmt |