NORMAN AND ANN HOFFMAN FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- NORMAN AND ANN HOFFMAN FOUNDATION (EIN 45-3080856)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-16
- IRS object ID
- 202033219349101498
- 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 Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-16T11:48:04-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 NICOLLET MALL WEST TOWER STE | AddressLine1Txt |
| Address Line2 | 1100 | AddressLine2Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 554022526 | 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 | 453080856 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORMAN AND ANN HOFFMAN FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NORM | BusinessNameControlTxt |
| Phone | 6127667255 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 116 LAKE STREET WEST | AddressLine1Txt |
| City | WACONIA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55387 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GERALD R STORMS | PersonNm |
| Person Title | DIRECTOR/PRESIDENT | PersonTitleTxt |
| Phone | 6127667255 | PhoneNum |
| Signature | 2020-11-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KACIE MCEWEN | PreparerPersonNm |
| PTIN | P01599614 | PTIN |
| Phone | 6123324300 | PhoneNum |
| Preparation | 2020-11-16 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 68.47.31.197 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-16 | IPDt |
| IP Tm | 05:52:14 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 03529DF6567CFB0D20C3C8C4F0F8DA9C5BDC3671 | 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 | $6,553,304 | 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 | $43,389 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $43,389 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $122,231 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $122,231 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $396,459 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,281,509 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $396,459 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $562,079 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $562,079 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $3,879 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $3,879 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $19,800 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $19,800 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $7,348 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $7,348 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $11,550 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,775 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $5,775 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $652 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $36,850 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $32,855 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $3,995 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $80,079 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $38,630 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $40,797 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,170,820 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,170,820 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,250,899 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $38,630 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,211,617 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,688,820 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $523,449 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,363 | CashBOYAmt |
| Cash EOY | $10,132 | CashEOYAmt |
| Cash EOYFMV | $10,132 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $135,692 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $62,759 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $62,759 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Bonds BOY | $1,865,334 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,918,472 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,928,268 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $4,306,355 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,650,934 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,552,145 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $6,309,744 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,642,297 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,553,304 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | -$355,761 | CapitalStockBOYAmt |
| Capital Stock EOY | -$355,761 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $6,665,505 | RetainedEarningBOYAmt |
| Retained Earning EOY | $4,998,058 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $6,309,744 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,642,297 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $6,309,744 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,642,297 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $6,309,744 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,688,820 | ExcessRevenueOverExpensesAmt |
| Other Increases | $21,373 | OtherIncreasesAmt |
| Subtotal | $4,642,297 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $4,642,297 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PUBLICLY TRADED SECURITIES | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $5,281,509 | GrossSalesPriceAmt |
| Cost Or Other Basis | $4,885,050 | CostOrOtherBasisAmt |
| Gain Or Loss | $396,459 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $396,459 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $396,459 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,176,488 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $8,757,129 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.134346 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $174,383 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $8,580,703 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.020323 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $958,763 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $2,882,081 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.332663 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $62,358 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,197,233 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.052085 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $59,597 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,307,642 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.045576 | DistributionYr5Rt |
| Total Distribution | 0.584993 | TotalDistributionRt |
| Average Distribution | 0.116999 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $7,283,796 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $852,197 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $5,234 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $857,431 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $2,211,617 | 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 | $5,234 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $5,234 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $5,234 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,706 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $1,706 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $3,528 | TaxDueAmt |
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 | NORMAN H HOFFMAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9524421829 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 116 LAKE STREET WEST | AddressLine1Txt |
| City | WACONIA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55387 | 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| NORMAN H HOFFMAN | ||||||||
| 116 LAKE STREET WEST | WACONIA | MN | 55387 | DIRECTOR/PRESIDENT | 2.00 | $0 | $0 | $0 |
| ANNA M HOFFMAN | ||||||||
| 116 LAKE STREET WEST | WACONIA | MN | 55387 | DIRECTOR/SECRETARY | 1.00 | $0 | $0 | $0 |
| GERALD R STORMS | ||||||||
| 116 LAKE STREET WEST | WACONIA | MN | 55387 | DIRECTOR/VP/TREASURER | 1.00 | $3,879 | $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 | $7,012,727 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $341,990 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $40,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $7,394,717 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $7,394,717 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $110,921 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $7,283,796 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $364,190 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $364,190 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $5,234 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $5,234 | TotalTaxAmt |
| Distributable Before Adj | $358,956 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $358,956 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $358,956 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,211,617 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,211,617 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $5,234 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,206,383 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $358,956 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $516,985 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr1 | $742,072 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,259,057 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,211,617 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $358,956 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,852,661 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $3,111,718 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $3,111,718 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $516,985 | ExcessFromYear3Amt |
| Excess From Year1 | $742,072 | ExcessFromYear1Amt |
| Excess From Current Year | $1,852,661 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NORMAN H HOFFMAN | ContributingManagerNm |
| Contributing Manager | ANNA M HOFFMAN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AMERICAN DIABETES ASSOCIATION | |||||||
| 2451 CRYSTAL DRIVE SUITE 900 | ARLINGTON | VA | 22202 | NONE | PC | PROGRAM SUPPORT | $25,000 |
| ASCENSION CATHOLIC SCHOOL | |||||||
| 601 VAN BUREN STREET | OAK PARK | IL | 60304 | NONE | PC | EDUCATION - GENERAL PROGRAM SUPPORT | $3,000 |
| FREEDOM FOUNDATION OF MINNESOTA | |||||||
| 520 NICOLLET MALL STE 510 | MINNEAPOLIS | MN | 55402 | NONE | PC | PROGRAM SUPPORT | $5,000 |
| HOLY FAMILY HIGH SCHOOL | |||||||
| 5195 W 144TH AVE | BROOMFIELD | CO | 80023 | NONE | PC | EDUCATION - GENERAL PROGRAM SUPPORT | $25,000 |
| NET MINISTRIES | |||||||
| 110 CRUSADER AVE W | WEST ST PAUL | MN | 55118 | NONE | PC | PROGRAM SUPPORT | $30,000 |
| RIDGEVIEW FOUNDATION | |||||||
| 500 S MAPLE ST | WACONIA | MN | 55387 | NONE | PC | CONSTRUCTION OF EMERGENCY CENTER | $2,000,000 |
| SHARING AND CARING HANDS | |||||||
| 525 N 7TH ST | MINNEAPOLIS | MN | 55405 | NONE | PC | PROGRAM SUPPORT | $2,500 |
| ST JOSEPH CATHOLIC CHURCH | |||||||
| 41 E 1ST STREET | WACONIA | MN | 55387 | NONE | PC | PROGRAM SUPPORT | $20,000 |
| ST PAUL SEMINARY SCHOOL | |||||||
| 2260 SUMMIT AVE | ST PAUL | MN | 55105 | NONE | PC | EDUCATION - GENERAL PROGRAM SUPPORT | $25,000 |
| UNIVERSITY OF MN FOUNDATION | |||||||
| 200 SE OAK ST 500 | MINNEAPOLIS | MN | 55455 | NONE | PC | PROGRAM SUPPORT - DONATION OF SECURITIES WITH FMV ($25,320); COST BASIS ($3,947) | $25,320 |
| UNIVERSITY OF NORTH DAKOTA FOUNDATION | |||||||
| 3501 UNIVERSITY AVE STOP 8157 | GRAND FORKS | ND | 58202 | NONE | PC | PROGRAM SUPPORT | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,170,820 | 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 | $43,389 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $122,231 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $396,459 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $562,079 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $562,079 | 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 | TAX PREP FEES | CategoryTxt |
| Amt | $11,550 | Amt |
| Net Investment Income | $5,775 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $5,775 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (22 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CAPITAL ONE NA MCLEAN VA CD FDIC #04297 | $49,995 | $50,193 |
| COMENITY CAPITAL BANK SALT LAKE CITY UT CD | $49,075 | $49,803 |
| GENL MTRS FINL CO INC SR NOTE CPN 3.200% DUE 07/13/20 | $50,039 | $50,229 |
| GOLDMAN SACHS BANK USA NEW YORK NY CD FDIC SEMI CPN 1.850% DUE 02/17/21 | $49,720 | $50,102 |
| GOLDMAN SACHS GROUP INC NOTE | $49,659 | $50,632 |
| HSBC BANK USA NA MCLEAN VA CD FDIC SEMI CLLB CPN 2.000% DUE 10/21/22 | $49,775 | $50,047 |
| JEFFRIES GRP LLC SR NOTE STEP | $49,688 | $49,966 |
| JPMORGAN CHASE BANK NA COLUMBUS OH CD FDIC #00628 CLLB | $99,990 | $100,037 |
| JPMORGAN CHASE BANK NA COLUMBUS OH CD FDIC QTRLY CLLB CPN 1.600% DUE 5/16/21 | $49,700 | $50,005 |
| M1 BANK MACKS CREEK MO CD FDIC #09797 IAM CLLB | $99,950 | $100,000 |
| METABANK SIOUX FALLS SD CD DFIC #30776 CLLB | $149,925 | $150,032 |
| MORGAN STANLEY BANK NA SALT LAKE CITY UT CD FDIC #32992 | $199,979 | $200,524 |
| MURPHY OIL CORP SR NOTE | $48,473 | $51,000 |
| SAFRA NATL BANK OF NY NEW YORK NY CD | $149,888 | $150,000 |
| STATE BANK OF INDIA NEW YORK NY CD FDIC #33682 CLLB IAM | $149,850 | $150,000 |
| STERLING NATL BANK MONTEBELLO NY CD FDIC #30337 IAM | $124,963 | $125,000 |
| GOLDMAN SACHS BANK USA NEW YORK NY CD FDIC #33124 CPN 2.650% DUE 04/27/20 | $99,640 | $100,322 |
| ABBOTT LABS SR NOTE CPN 2.550% DUE 03/15/22 | $49,700 | $50,820 |
| BANKUNITED NA MIAMI LAKES FL CD FDIC #58979 IAM | $149,963 | $150,000 |
| BENEFICIAL BANK PHILADELPHIA PA CD FDIC #15697 | $49,050 | $49,833 |
| BENEFICIAL BANK PHILADELPHIA PA CD FDIC #15697 | $49,500 | $49,775 |
| BMO HARRIS BANK NA CHICAGO IL CD FDIC #16571 | $99,950 | $99,948 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (42 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| AIR LEASE CORP NON CUML PERPETUAL PFD SER A FXD/VAR 6.15% | AT COST | $50,390 | $55,080 |
| BANK AMERICA CORP NON CUML PERPETL CONV PFD SER L 7.25% | AT COST | $59,800 | $72,450 |
| BRIGHTHOUSE FINL INC REPSTG 1/1000TH INT NON CUML A PERPTL 6.6% | AT COST | $63,300 | $69,375 |
| CITIGROUP INC DEP SHS REPSTG NONCUML PFD SER J FXD/VAR PERPTL 7.125% | AT COST | $50,480 | $56,680 |
| COLONY CAPITAL INC NEW PERPETUAL PFD SE I 7.15% | AT COST | $154,488 | $169,120 |
| FIRST TRUST NASDAQ CYBERSECURITY ETF | AT COST | $51,600 | $75,070 |
| ISHARES AEROSPACE & DEFENSE ETF | AT COST | $50,120 | $77,728 |
| ISHARES GLOBAL INDUSTRIALS ETF | AT COST | $27,312 | $77,824 |
| ISHARES MSCI BRIC ETF | AT COST | $59,329 | $90,615 |
| ISHARES NASDAQ BIOTECHNOLOGY ETF | AT COST | $122,872 | $234,995 |
| ISHARES RUSSELL 1000 VALUE ETF | AT COST | $57,561 | $136,480 |
| ISHARES RUSSELL 2000 GROWTH ETF | AT COST | $114,357 | $214,220 |
| ISHARES RUSSELL 2000 ETF | AT COST | $71,389 | $82,835 |
| ISHARES RUSSELL MID CAP ETF | AT COST | $27,788 | $119,240 |
| ISHARES TECHNOLOGY ETF | AT COST | $89,167 | $174,450 |
| ISHARES U S MEDICAL DEVICES ETF | AT COST | $85,880 | $158,592 |
| ISHARES US FINANCIALS ETF | AT COST | $218,685 | $296,227 |
| ISHARES US HEALTHCARE ETF | AT COST | $86,439 | $129,432 |
| ISHARES US INDUSTRIALS ETF | AT COST | $63,814 | $100,584 |
| PEOPLES UNITED FINANCIAL INC NON CUML PERPETUAL SER A FXD/VAR PFD 5.625% | AT COST | $47,700 | $56,320 |
| SECTOR FINANCIAL SELECT SECTOR SPDR ETF | AT COST | $34,989 | $123,120 |
| SECTOR MATERIALS SELECT SECTOR SPDR ETF | AT COST | $33,360 | $92,130 |
| SPDR S&P DEVELOPED WORLD EX US ETF | AT COST | $85,443 | $144,210 |
| SPDR SERIES TRUST S&P DIVIDEND ETF | AT COST | $50,120 | $107,570 |
| TWO HARBORS INVESTMENT CORP SER B FXD/VAR CUML REDEEM PFD 7.625% | AT COST | $52,100 | $54,880 |
| VANGUARD INDUSTRIALS ETF | AT COST | $16,428 | $61,552 |
| VANGUARD INFORMATION TECHNOLOGY ETF | AT COST | $29,500 | $215,958 |
| VANGUARD SMALL CAP VALUE ETF | AT COST | $6,191 | $20,561 |
| WELLS FARGO & COMPANY DEP SHS 1/1000TH INT PERPTL A SER Q FXD/VAR | AT COST | $47,565 | $54,780 |
| WELLS FARGO & COMPANY PERPETUAL PFD CONVERTIBLE CL A 7.5% | AT COST | $61,663 | $72,500 |
| ALPHABET INC CL A | AT COST | $55,684 | $66,970 |
| AMAZON.COM INC | AT COST | $50,930 | $64,674 |
| CHEVRON CORP | AT COST | $48,780 | $48,204 |
| INVESCO DWA CONSUMER CYCLICALS MOMENTUM ETF | AT COST | $37,300 | $137,725 |
| INVESCO DWA CONSUMER STAPLES MOMENTUM ETF | AT COST | $85,897 | $185,225 |
| INVESCO DWA UTILITIES MOMENTUM ETF | AT COST | $45,204 | $102,960 |
| ISHARES EXPANDED TECH SOFTWARE SECTOR ETF | AT COST | $105,739 | $233,040 |
| ISHARES MSCI EAFE ETF | AT COST | $91,925 | $104,160 |
| JPMORGAN CHASE & CO | AT COST | $32,100 | $41,820 |
| SELECT SECTOR COMMUNICATION SERVICES SELECT SECTOR SPDR ETF | AT COST | $51,888 | $67,038 |
| VANGUARD COMMUNICATION SERVICES ETF | AT COST | $35,657 | $65,751 |
| ENTROPY SOLUTIONS LLC | AT COST | $40,000 | $40,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $7,348 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $7,348 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MINNESOTA ATTORNEY GENERAL FEE | $25 | $0 | $25 |
| INVESTMENT MANAGEMENT FEE | $30,362 | $30,362 | $0 |
| ACCRUED INTEREST PAID | $2,488 | $2,488 | $0 |
| SERVICE FEES | $5 | $5 | $0 |
| PAYROLL EXPENSE | $3,970 | $0 | $3,970 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FMV TO COST BASIS ADJUSTMENT FOR DONATED SECURITIES | Desc |
| Amt | $21,373 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| 2018 EXCISE TAX | $42 | $0 | $0 |
| 2019 ESTIMATED PAYMENT | $610 | $0 | $0 |