JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA (EIN 27-4196509)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-10-15
- IRS object ID
- 202032899349101008
- 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
- 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 Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-10-15T11:12:18-07:00 | ReturnTs |
| Tax Period End | 2019-12-31 | 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 | 2019-01-01 | 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 | 6126231654 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 615 1ST AVE NE SUITE 400 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 554133061 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PATRICK J TROSKA | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6126231654 | PhoneNum |
| Signature | 2020-10-15 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JULIE R RICHARDSON CPA | PreparerPersonNm |
| PTIN | P01567137 | PTIN |
| Phone | 6517748785 | PhoneNum |
| Preparation | 2020-10-15 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 96.93.241.21 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-10-15 | IPDt |
| IP Tm | 11:12:04 | IPTm |
| IP Timezone | PD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | E394988DC6BACEF5DDAD3221A1F11C34D1A91F2A | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | E394988DC6BACEF5DDAD3221A1F11C34D1A91F2A | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $70,214,091 | 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 | $2,108,504 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,108,504 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,790,579 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $11,569,611 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,790,579 | CapGainNetIncmNetInvstIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $0 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $3,899,083 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,899,083 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $160,193 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $160,193 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $209,514 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $209,514 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $89,270 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $89,270 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $13,658 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $13,658 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $15,299 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,020 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $7,279 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $302,375 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $302,375 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $94,238 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $4,392 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $24,846 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $2,217 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $55,975 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $55,975 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $1,164 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $1,164 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $2,488 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $2,488 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $472,308 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $472,308 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,418,699 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $314,787 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,036,695 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,046,306 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,046,306 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,465,005 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $314,787 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,083,001 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$565,922 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,584,296 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $18,065 | CashBOYAmt |
| Cash EOY | $35,454 | CashEOYAmt |
| Cash EOYFMV | $35,454 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $824,904 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $991,120 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $991,120 | SavAndTempCashInvstEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl BOY | $60,263 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $142,725 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $142,725 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $21,746,758 | CorporateStockBOYAmt |
| Corporate Stock EOY | $21,041,270 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $29,548,774 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $9,475,386 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $8,913,062 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $8,933,391 | CorporateBondsEOYFMVAmt |
| Land Bldg Investments EOY | $0 | LandBldgInvestmentsEOYAmt |
| Other Investments BOY | $22,186,393 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $22,704,053 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $30,555,993 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $35,782 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $31,748 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $6,251 | LandBOYAmt |
| Land EOY | $4,034 | LandEOYAmt |
| Land EOYFMV | $4,034 | LandEOYFMVAmt |
| Other Assets BOY | $3,166 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,600 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,600 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $54,321,186 | TotalAssetsBOYAmt |
| Total Assets EOY | $53,834,318 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $70,214,091 | TotalAssetsEOYFMVAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $60,000 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $139,000 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $1,292 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $1,346 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $61,292 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $140,346 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $54,259,894 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $53,693,972 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $54,259,894 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $53,693,972 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $54,321,186 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $53,834,318 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $54,259,894 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$565,922 | ExcessRevenueOverExpensesAmt |
| Subtotal | $53,693,972 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $53,693,972 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | INVESTMENT SALES | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2018-01-01 | AcquiredDt |
| Sold | 2019-06-01 | SoldDt |
| Gross Sales Price | $11,569,611 | GrossSalesPriceAmt |
| Depreciation | $0 | DepreciationAmt |
| Cost Or Other Basis | $9,779,032 | CostOrOtherBasisAmt |
| Gain Or Loss | $1,790,579 | GainOrLossAmt |
| FMV As Of123169 | $0 | FMVAsOf123169Amt |
| Adjusted Basis As Of123169 | $0 | AdjustedBasisAsOf123169Amt |
| Excess FMV Over Adjusted Bss | $0 | ExcessFMVOverAdjustedBssAmt |
| Gains Minus Excess Or Losses | $1,790,579 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,790,579 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Adjusted Qlfy Distri Yr1 | $3,978,658 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $69,795,541 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.057004 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $3,747,295 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $68,691,793 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.054552 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $3,213,656 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $64,180,413 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.050072 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $3,796,272 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $67,881,048 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.055925 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $3,622,289 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $70,088,340 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.051682 | DistributionYr5Rt |
| Total Distribution | 0.269235 | TotalDistributionRt |
| Average Distribution | 0.053847 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $67,560,744 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $3,637,943 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $35,843 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $3,673,786 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $4,083,001 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $35,843 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $35,843 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $35,843 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $82,513 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $82,513 | TotalPaymentsAndCreditsAmt |
| Original Return Overpayment | -$82,513 | OriginalReturnOverpaymentAmt |
| Overpayment | $46,670 | OverpaymentAmt |
| Applied To ES Tax | $46,670 | 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 |
| Individual With Books | PATRICK TROSKA | IndividualWithBooksNm |
| Phone | 6126231654 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 615 1ST AVENUE NE SUITE 400 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55413 | 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 (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| PATRICK TROSKA | ||||||||
| 615 1ST AVENUE NE SUITE 400 | MINNEAPOLIS | MN | 55413 | PRESIDENT | 37.50 | $160,193 | $18,022 | $13,339 |
| DEAN PHILLIPS | ||||||||
| 615 1ST AVENUE NE SUITE 400 | MINNEAPOLIS | MN | 55413 | CO-CHAIR/TREAS | 2.00 | $0 | $0 | $0 |
| JEANNE PHILLIPS | ||||||||
| 615 1ST AVENUE NE SUITE 400 | MINNEAPOLIS | MN | 55413 | CO-CHAIR | 2.00 | $0 | $0 | $0 |
| WALTER HARRIS | ||||||||
| 615 1ST AVENUE NE SUITE 400 | MINNEAPOLIS | MN | 55413 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| TYLER PHILLIPS | ||||||||
| 615 1ST AVENUE NE SUITE 400 | MINNEAPOLIS | MN | 55413 | 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 | $103,811 | $11,679 | $21,218 |
| TRACY LAMPARTY | ||||||||
| 615 1ST AVENUE NE SUITE 400 | MINNEAPOLIS | MN | 55413 | GRANTS & OPERATIONS | 37.50 | $74,779 | $7,920 | $15,025 |
| ELIZABETH COCO | ||||||||
| 615 1ST AVENUE NE SUITE 400 | MINNEAPOLIS | MN | 55413 | VIST PROG MANAGER | 37.50 | $61,807 | $6,953 | $6,442 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 4 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NORTHERN TRUST | |||||
| 230 PARK AVENUE | NEW YORK | NY | 10169 | INVESTMENT ADVISORY | $164,038 |
| JP MORGAN | |||||
| 270 PARK AVENUE | NEW YORK | NY | 10017 | INVESTMENT ADVISORY | $138,337 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 2 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SEE ATTACHMENT 8 | Description1Txt |
| Expenses1 | $86,630 | Expenses1Amt |
| Description2 | SEE ATTACHMENT 9 | Description2Txt |
| Expenses2 | $12,288 | Expenses2Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $66,967,428 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,622,160 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $68,589,588 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $68,589,588 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,028,844 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $67,560,744 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,378,037 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,378,037 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $35,843 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $35,843 | TotalTaxAmt |
| Distributable Before Adj | $3,342,194 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,342,194 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,342,194 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,083,001 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $4,083,001 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $35,843 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $4,047,158 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,342,194 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $197,119 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $465,665 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $49,345 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $373,663 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $596,357 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,682,149 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,083,001 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,342,194 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $740,807 | RemainingDistriFromCorpusAmt |
| Total Corpus | $2,422,956 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $197,119 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,225,837 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $465,665 | ExcessFromYear4Amt |
| Excess From Year3 | $49,345 | ExcessFromYear3Amt |
| Excess From Year2 | $373,663 | ExcessFromYear2Amt |
| Excess From Year1 | $596,357 | ExcessFromYear1Amt |
| Excess From Current Year | $740,807 | 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 7 | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 615 FIRST AVENUE NE SUITE 400 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55413 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | SEE ATTACHMENT 7 | GrantOrContributionPurposeTxt |
| Amt | $3,046,306 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,046,306 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE ATTACHMENT 7 | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 615 FIRST AVENUE NE SUITE 400 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55413 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | SEE ATTACHMENT 7 | GrantOrContributionPurposeTxt |
| Amt | $2,256,801 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $2,256,801 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,108,504 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,790,579 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $3,899,083 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,899,083 | 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 (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| SMR Accounting | $3,520 | $3,520 | |
| LCS Accounting | $11,700 | $4,500 | $7,200 |
| Misc Accounting | $79 | $79 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | INVESTMENT SALES | AssetDesc |
| How Acquired | Purchased | HowAcquiredTxt |
| Gross Sales Price | $11,569,611 | GrossSalesPriceAmt |
| Basis | $9,779,032 | BasisAmt |
| Total Net | $1,790,579 | TotalNetAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (3 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| JP MORGAN - FIXED INCOME - ATTACHMENT 1 | $1,976,398 | $1,907,962 |
| JP MORGAN - FIXED INCOME - ATTACHMENT 2 | $5,122,580 | $5,166,042 |
| JP MORGAN - FIXED INCOME - ATTACHMENT 5 | $1,814,084 | $1,859,387 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| JP MORGAN - EQUITIES- ATTACHMENT 1 | $9,864,602 | $12,533,305 |
| JP MORGAN - EQUITIES- ATTACHMENT 2 | $2,182,069 | $2,447,485 |
| JP MORGAN - EQUITIES- ATTACHMENT 3 | $3,314,788 | $4,999,425 |
| JP MORGAN - EQUITIES- ATTACHMENT 4 | $4,415,915 | $7,987,584 |
| JP MORGAN - EQUITIES- ATTACHMENT 4 | $1,263,896 | $1,580,975 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| JP MORGAN - HEDGE FUNDS - ATTACHMENT 1 | $3,485,893 | $4,693,063 |
| JP MORGAN - HEDGE FUNDS - ATTACHMENT 2 | $1,083,065 | $1,063,582 |
| JP MORGAN - PRIVATE INVESTMENTS - ATTACHMENT 6 | $6,991,908 | $6,900,477 |
| MARATHON-LONDON INTL EQUITY TRUST | $1,005,490 | $5,830,524 |
| SILCHESTER INTL EQUITY TRUST | $10,137,697 | $12,068,347 |
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 | $31,748 | AccumulatedDepreciationAmt |
| Book Value | $4,034 | BookValueAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Nilan Johnson Lewis LEGAL | CategoryTxt |
| Legal Fees | $13,658 | LegalFeesAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER ASSETS | Desc |
| BOY Book Value | $3,166 | BOYBookValueAmt |
| EOY Book Value | $2,600 | EOYBookValueAmt |
| EOYFMV | $2,600 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (27 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| TELEPHONE | $7,699 | $7,699 |
| STAFF EXPENSES - MEETINGS | $11,258 | $11,258 |
| STAFF EXPENSE - PROF DEV/TRAVEL | $22,862 | $22,862 |
| OFFICE EXPENSE | $20,487 | $20,487 |
| INSURANCE EXPENSE | $2,898 | $2,898 |
| PROGRAM/GRANTEE EXPENSES | ||
| COMMUNITY ADVISORY | $15,490 | $15,490 |
| COMMUNITY ENGAGEMENTS | $8,097 | $8,097 |
| CONSULTING | $43,362 | $43,362 |
| EVALUATION | $48,221 | $48,221 |
| GRANTEE EXPENSE | $20,198 | $20,198 |
| LEARNING TRIPS | $73,817 | $73,817 |
| CONSULATANTS: | ||
| NORTH MINNEAPOLIS SCHOOL PROJECTS | $73,176 | $73,176 |
| NORTH MINNEAPOLIS REVITALIZATION PROJECT | $12,288 | $12,288 |
| 75TH ANNIVERSARY HISTORY PROJECT | $9,350 | $9,350 |
| OTHER | $9,774 | $9,774 |
| MISCELLANEOUS | $493 | $493 |
| MOVING EXPENSE | $6,208 | $6,208 |
| VISTA EXPENSES | ||
| LIVING ALLOWANCE | $144,625 | $144,625 |
| SALARIES | $36,818 | $36,818 |
| PAYROLL TAXES | $2,887 | $2,887 |
| EMPLOYEE BENEFITS | $7,547 | $7,547 |
| TRAINING | $7,276 | $7,276 |
| MISCELLANEOUS | $17,824 | $17,824 |
| LESS:VISTA REIMBURSEMENT | -$130,347 | -$130,347 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PAYROLL LIABILITIES | Desc |
| BOY Book Value | $1,292 | BOYBookValueAmt |
| EOY Book Value | $1,346 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| JPMORGAN INVESTMENT ADVISOR | $138,337 | $138,337 |
| NORTHERN TRUST INVESTMENT ADVISOR | $164,038 | $164,038 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| PAYROLL TAXES | $24,846 | $24,846 | |
| EXCISE TAXES | $65,000 | ||
| FOREIGN TAXES | $4,392 | $4,392 |