HORST RECHELBACHER FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: HORST RECHELBACHER FOUNDATION (EIN 41-1956679)
Tax period: 2017-01-01 to 2017-12-31
Filed: 2018-11-13
IRS object ID: 201803179349101905
Schema version: 2017v2.3
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
Schedule B
Depreciation Schedule
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Govt Obligations Sch
Investments Land Schedule2
Land Etc Schedule2
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-11-13T14:52:50-06:00	ReturnTs
Tax Period End	2017-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	One Hollow Ln Ste 212	AddressLine1Txt
City	Lake Success	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11042	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2017-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	411956679	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Horst Rechelbacher Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% James Greupner	InCareOfNm
Business Name Control	HORS	BusinessNameControlTxt
Phone	6123376100	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 Washington Avenue s 1300	AddressLine1Txt
City	Minneapolis	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55401	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JAMES GREUPNER	PersonNm
Person Title	president	PersonTitleTxt
Phone	6123376100	PhoneNum
Signature	2018-11-05	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Jeffrey D Haskell	PreparerPersonNm
PTIN	P01345770	PTIN
Phone	8008391754	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	24.187.244.114	IPv4AddressTxt

Field	Value	IRS element (for citing)
Federal Original Submission Id	06391520183175000012	FederalOriginalSubmissionId
Federal Original Submission Id	2018-11-13	FederalOriginalSubmissionIdDt
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	54CCAE8F7BC02385263C2CCCA723B6609AD4C170	AtSubmissionCreationDeviceId
At Submission Filing Device Id	259C731B7C7CCB55DA46458F0098BC0D5A2501CB	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2019-02-21 02:37:17Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$9,446,716	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$1,009,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$3,962	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$3,962	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$224,339	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$220,405	DividendsNetInvstIncmAmt
Gross Sales Price	$225,000	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$668	OtherIncomeRevAndExpnssAmt
Total Rev And Expnss	$1,237,969	TotalRevAndExpnssAmt
Total Net Invst Incm	$224,367	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Oth Empl Slrs Wgs Rev And Expnss	$62,500	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$62,500	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$5,162	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Dsbrs Chrtbl	$5,162	PensionEmplBnftDsbrsChrtblAmt
Other Prof Fees Rev And Expnss	$72,522	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$18,729	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$53,793	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$32,624	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$28,925	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$3,699	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$11,199	DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm	$10,796	DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm	$0	DeprecAndDpltnAdjNetIncmAmt
Trav Conf Meeting Rev And Expnss	$4,260	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl	$4,260	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$186,301	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$106,740	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$79,561	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$374,568	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$165,190	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$0	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$208,975	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$566,541	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$566,541	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$941,109	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$165,190	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$0	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$775,516	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$296,860	ExcessRevenueOverExpensesAmt
Net Investment Income	$59,177	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$2,295,058	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$1,571,552	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$1,571,552	SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl	$3,486	AcctRcvblAmt
Acct Rcvbl EOY	$3,486	AcctRcvblEOYAmt
Acct Rcvbl EOYFMV	$3,486	AcctRcvblEOYFMVAmt
US Government Obligations BOY	$1,293,979	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$1,158,245	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$1,161,441	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$316,965	CorporateStockBOYAmt
Corporate Stock EOY	$316,965	CorporateStockEOYAmt
Corporate Stock EOYFMV	$327,420	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$3,762,787	CorporateBondsBOYAmt
Corporate Bonds EOY	$4,683,773	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$4,763,898	CorporateBondsEOYFMVAmt
Invst Land Cost Or Other Basis	$1,486,132	InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation	$17,401	InvstLandAccumDepreciationAmt
Land Bldg Investments BOY	$1,241,372	LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY	$1,468,731	LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV	$1,482,877	LandBldgInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$136,445	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$403	LandBldgEquipAccumDeprecAmt
Land BOY	$131,773	LandBOYAmt
Land EOY	$136,042	LandEOYAmt
Land EOYFMV	$136,042	LandEOYFMVAmt
Total Assets BOY	$9,041,934	TotalAssetsBOYAmt
Total Assets EOY	$9,338,794	TotalAssetsEOYAmt
Total Assets EOYFMV	$9,446,716	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Retained Earning BOY	$9,041,934	RetainedEarningBOYAmt
Retained Earning EOY	$9,338,794	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$9,041,934	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$9,338,794	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$9,041,934	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$9,338,794	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$9,041,934	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$296,860	ExcessRevenueOverExpensesAmt
Subtotal	$9,338,794	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$9,338,794	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
Gross Sales Price	$225,000	GrossSalesPriceAmt
Cost Or Other Basis	$225,000	CostOrOtherBasisAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$171,156	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$8,816,358	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.019413	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$121,857	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$4,216,003	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.028903	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$1,018,318	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$348,414	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	2.922724	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$665,136	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$242,794	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	2.739508	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$237,434	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$152,457	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	1.557383	DistributionYr5Rt
Total Distribution	7.267931	TotalDistributionRt
Average Distribution	1.453586	AverageDistributionRt
Net Vl Noncharitable Assets	$8,890,607	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$12,923,262	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$592	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$12,923,854	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$780,189	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$1,184	InvestmentIncomeExciseTaxAmt
Subtotal	$1,184	SubtotalAmt
Tax Based On Investment Income	$1,184	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$1,565	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$1,565	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Overpayment	$381	OverpaymentAmt
Applied To ES Tax	$381	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
Org Report Or Register State	WI	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

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	James Greupner	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6123376100	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	100 WASHINGTON AVENUE S STE 1300	AddressLine1Txt
City	Minneapolis	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55401	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
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
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

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
James R Greupner
100 Washington Avenue s 1300	Minneapolis	MN	55401	Dir, Sec, Treas	5.0	$0	$0	$0
Linda Kiran Stordalen
100 Washington Avenue s 1300	Minneapolis	MN	55401	Dir, Pres	5.0	$0	$0	$0
Nicole MR Thomas
100 Washington Avenue s 1300	Minneapolis	MN	55401	Dir, VP	5.0	$0	$0	$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp

Field	Value	IRS element (for citing)
Person	PILAR GERASIMO	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	N5797 163RD STREET	AddressLine1Txt
City	MENOMONIE	CityNm
State Abbreviation	WI	StateAbbreviationCd
ZIP	54751	ZIPCd

Field	Value	IRS element (for citing)
Title	EXECUTIVE DIRECTOR	TitleTxt
Average Hrs Per Wk Devoted To Pos	40.0	AverageHrsPerWkDevotedToPosRt
Compensation	$62,500	CompensationAmt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	55 walls drive 3rd fl	AddressLine1Txt
City	FAIRFIELD	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	06824	ZIPCd

Field	Value	IRS element (for citing)
Service Type	administrative	ServiceTypeTxt
Compensation	$71,330	CompensationAmt

Field	Value	IRS element (for citing)
Summary Of Direct Chrtbl Acty		SummaryOfDirectChrtblActyGrp
Sum Of Program Related Invst		SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$5,702,513	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$1,934,166	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$1,389,318	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$9,025,997	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$9,025,997	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$135,390	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$8,890,607	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$444,530	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$444,530	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$1,184	TaxBasedOnInvestmentIncomeAmt
Total Tax	$1,184	TotalTaxAmt
Distributable Before Adj	$443,346	DistributableBeforeAdjAmt
Distributable Before Ded	$443,346	DistributableBeforeDedAmt
Distributable As Adjusted	$443,346	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$775,516	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$4,673	CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test	$0	SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test	$0	SetAsideCashDistriTestAmt
Qualifying Distributions	$780,189	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$780,189	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$443,346	DistributableAsAdjustedAmt
Prior Year1	2015	PriorYear1Yr
Prior Year2	2014	PriorYear2Yr
Prior Year3	2013	PriorYear3Yr
Excess Distribution Cyov Yr5	$229,811	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$652,996	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$1,000,897	ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov	$1,883,704	TotalExcessDistributionCyovAmt
Qualifying Distributions	$780,189	QualifyingDistributionsAmt
Applied To Current Year	$443,346	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$336,843	RemainingDistriFromCorpusAmt
Total Corpus	$2,220,547	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$229,811	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$1,990,736	ExcessDistriCyovToNextYrAmt
Excess From Year4	$652,996	ExcessFromYear4Amt
Excess From Year3	$1,000,897	ExcessFromYear3Amt
Excess From Current Year	$336,843	ExcessFromCurrentYearAmt

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
CHILDRENS HEALTH CARE FOUNDATION
5901 LINCOLN DR MS CBC-3-FOUN	EDINA	MN	55436	N/A	PC	Pain, Palliative and Integrative Medicine Program	$225,000
FRIENDS OF IMAGINE1DAY INC
604 ARIZONA AVE NO 216	SANTA MONICA	CA	90401	N/A	PC	General & Unrestricted	$5,000
MACPHAIL CENTER FOR MUSIC
501 S 2ND ST	MINNEAPOLIS	MN	55401	N/A	PC	MacPhail 6.0 Campaign	$10,000
NATIONAL BRAIN TUMOR SOCIETY INC
55 CHAPEL ST STE 200	NEWTON	MA	02458	N/A	PC	General & Unrestricted	$10,000
UNIVERSITY OF MINNESOTA FOUNDATION
200 OAK ST SE STE 500	MINNEAPOLIS	MN	55455	N/A	PC	HMR Plant Squad Fund	$75,000
UNIVERSITY OF MINNESOTA FOUNDATION
200 OAK ST SE STE 500	MINNEAPOLIS	MN	55455	N/A	PC	2016 Funding for HMR Pollinator Project	$109,633
UNIVERSITY OF MINNESOTA FOUNDATION
200 OAK ST SE STE 500	MINNEAPOLIS	MN	55455	N/A	PC	2017 Funding for HMR Pollinator Project	$131,908

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$566,541	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Field	Value	IRS element (for citing)
Fees Contracts From Govt Ag		FeesContractsFromGovtAgGrp
Membership Dues And Assmnt		MembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$3,962	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$224,339	ExclusionAmt

Field	Value	IRS element (for citing)
Net Rntl Incm Re Debt Fincd Prop		NetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Income Personal Prop		NetRentalIncomePersonalPropGrp
Other Investment Incm Part VII		OtherInvestmentIncmPartVIIGrp
Gain Sales Ast Oth Than Invntry		GainSalesAstOthThanInvntryGrp
Net Income Loss From Special Evt		NetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of Invntry		GrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	Federal Tax Refund	Desc
Exclusion	01	ExclusionCd
Exclusion	$668	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$228,969	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$228,969	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

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	Estate of Horst Rechelbacher	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	100 Washington Ave S Ste 1300	AddressLine1Txt
City	Minneapolis	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55401	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$1,009,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (38 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	LifeLifeRt	Current Year ExpenseCurrentYearExpenseAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
BLDG - PARCEL 042	2015-07-28	$181,818	$6,605	SL	39	$4,662	$4,662	$4,662
LAND - 856 PIONEER	2017-06-09	$55,395		L
LAND - PARCEL 042	2015-07-28	$46,022		L
LAND - PARCEL 042	2015-07-28	$13,149		L
LAND - PARCEL 165	2015-07-28	$333,909		L
LAND - PARCEL 165	2015-07-28	$19,313		L
LAND - PARCEL 165	2015-07-28	$81,690		L
LAND - PARCEL 165	2015-07-28	$81,526		L
LAND - PARCEL 165	2015-07-28	$112,508		L
LAND - PARCEL 165	2015-07-28	$59,583		L
LAND - PARCEL 165	2015-07-28	$53,255		L
LAND - PARCEL 165	2015-07-28	$107,660		L
LAND - PARCEL 165	2015-07-28	$130,342		L
LAND - PARCEL 165	2015-07-28	$27,202		L
LAND - PARCEL 042	2015-07-28	$5,689		L
LAND - PARCEL 042	2015-07-28	$1,625		L
LAND - PARCEL 165	2015-07-28	$41,270		L
LAND - PARCEL 165	2015-07-28	$2,387		L
LAND - PARCEL 165	2015-07-28	$10,096		L
LAND - PARCEL 165	2015-07-28	$10,076		L
LAND - PARCEL 165	2015-07-28	$13,906		L
LAND - PARCEL 165	2015-07-28	$7,364		L
LAND - PARCEL 165	2015-07-28	$6,582		L
LAND - PARCEL 165	2015-07-28	$13,306		L
LAND - PARCEL 165	2015-07-28	$16,110		L
LAND - PARCEL 165	2015-07-28	$3,362		L
BLDG - 856 PIONEER	2017-06-09	$129,605		SL	27	$2,749	$2,749	$2,749
SHADOW HORSE TRAIL	2017-04-24	$1,087		SL	7	$104
JOHN DEERE Z970R	2017-05-24	$1,315		SL	7	$110
2017 POLARIS 48V	2017-05-24	$1,299		SL	7	$108
WOODCHIPPER	2017-05-24	$369		SL	7	$31
DUMPSTER TRAILER	2017-05-31	$603		SL	7	$50
SHADOW HORSE TRAIL	2017-04-24	$8,794		SL	7	$837	$837	$837
JOHN DEERE Z970R	2017-05-24	$10,636		SL	7	$886	$886	$886
2017 POLARIS 48V	2017-05-24	$10,515		SL	7	$876	$876	$876
WOODCHIPPER	2017-05-24	$2,981		SL	7	$248	$248	$248
DUMPSTER TRAILER	2017-05-31	$4,884		SL	7	$407	$407	$407
DECK - PARCEL 042	2017-09-14	$15,345		SL	39	$131	$131	$131

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (25 entries)

BondBondNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
AMERICAN EXPRESS CO - 5.200% -	$203,006	$207,000
APPLE INC - 3.000% - 06/20/202	$252,253	$248,903
BANK OF AMERICA CORP - PERPETU	$198,007	$219,500
BANK OF AMERICA CORP JR SUBORD	$216,505	$227,250
BERKSHIRE HATHAWAY NOTE - 3.12	$255,725	$252,827
BNY MELLON PERPETUAL BOND - 4.	$101,506	$103,505
CAPITAL ONE FINANCIAL - 5.500%	$102,007	$103,500
CITIGROUP INC - 5.800% - 11/29	$152,256	$155,438
CITIGROUP INC - 5.950% - 08/15	$201,757	$209,000
CITIGROUP INC FIXED TO FLOAT -	$101,507	$106,375
GENERAL ELECTRIC CO PERPETUAL	$210,874	$206,120
GENERAL MTRS FINL COINC BOND P	$213,007	$205,966
GOLDMAN SACHS - 5.700% - 05/10	$204,255	$206,220
GOLDMAN SACHS GROUP - 2.500% -	$200,000	$197,326
HSBC HOLDINGS PLC - 1.250% - 1	$244,999	$244,419
JP MORGAN CHASE - 5.300% - 12/	$202,506	$207,420
JPMORGAN CHASE & CO - 5.150% -	$144,756	$155,070
METLIFE - 5.250% - 12/31/2049	$208,006	$207,948
MORGAN STANLEY DEP SHS - 5.550	$152,631	$155,813
MORGAN STANLEY FXD FLTG - 5.45	$201,506	$205,300
NATIONAL RURAL UTILITIES - 5.2	$106,687	$107,424
U.S. BANCORP PERP - 5.125% - 1	$203,257	$208,000
WELLS FARGO & CO NEW DEPOSITAR	$208,005	$221,510
WELLS FARGO - 2.000% - 04/29/2	$244,999	$241,609
WELLS FARGO - 5.900% - 06/15/2	$153,756	$160,455

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
US BANCORP PFD SER H - 5.15% -	$150,004	$151,680
WELLS FARGO - 5.200% - 12/31/2	$122,841	$125,500
WELLS FARGO NON-CUM PERP CL A	$44,120	$50,240

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
State Local Sec Book Vl EOY	$1,158,245	StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV	$1,161,441	StateLocalSecEOYFMVAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (21 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
BLDG - PARCEL 042	$181,818	$11,267	$170,551	$181,818
LAND - 856 PIONEER	$55,395		$55,395	$55,395
LAND - PARCEL 042	$46,022		$46,022
LAND - PARCEL 042	$13,149		$13,149
LAND - PARCEL 165	$333,909		$333,909
LAND - PARCEL 165	$19,313		$19,313
LAND - PARCEL 165	$81,690		$81,690
LAND - PARCEL 165	$81,526		$81,526
LAND - PARCEL 165	$112,508		$112,508
LAND - PARCEL 165	$59,583		$59,583
LAND - PARCEL 165	$53,255		$53,255
LAND - PARCEL 165	$107,660		$107,660
LAND - PARCEL 165	$130,342		$130,342
LAND - PARCEL 165	$27,202		$27,202
BLDG - 856 PIONEER	$129,605	$2,749	$126,856	$129,605
SHADOW HORSE TRAIL	$8,794	$837	$7,957	$7,956
JOHN DEERE Z970R	$10,636	$886	$9,750	$9,750
2017 POLARIS 48V	$10,515	$876	$9,639	$9,638
WOODCHIPPER	$2,981	$248	$2,733	$2,733
DUMPSTER TRAILER	$4,884	$407	$4,477	$4,477
DECK - PARCEL 042	$15,345	$131	$15,214	$15,345

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (17 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Book ValueBookValueAmt	Accumulated DepreciationAccumulatedDepreciationAmt	EOYFMVEOYFMVAmt
LAND - PARCEL 042	$5,689	$5,689
LAND - PARCEL 042	$1,625	$1,625
LAND - PARCEL 165	$41,270	$41,270
LAND - PARCEL 165	$2,387	$2,387
LAND - PARCEL 165	$10,096	$10,096
LAND - PARCEL 165	$10,076	$10,076
LAND - PARCEL 165	$13,906	$13,906
LAND - PARCEL 165	$7,364	$7,364
LAND - PARCEL 165	$6,582	$6,582
LAND - PARCEL 165	$13,306	$13,306
LAND - PARCEL 165	$16,110	$16,110
LAND - PARCEL 165	$3,362	$3,362
SHADOW HORSE TRAIL	$1,087	$983	$104	$983
JOHN DEERE Z970R	$1,315	$1,205	$110	$1,205
2017 POLARIS 48V	$1,299	$1,191	$108	$1,191
WOODCHIPPER	$369	$338	$31	$378
DUMPSTER TRAILER	$603	$553	$50	$553

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Net Investment IncomeNetInvestmentIncomeAmt
Administrative Fees	$70,980	$70,980
Administrative Set-Up Fee	$350	$350
Bank Charges	$70		$70
CREDIT CARD FEES	$58		$58
Indemnification Insurance	$3,842	$3,842
COMPUTER RELATED EXP	$4,364	$4,364
Property Maintenance	$106,612		$106,612
State or Local Filing Fees	$25	$25

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	Federal Tax Refund	Desc
Revenue And Expenses Per Books	$668	RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Appraisal Services	$750	$750
Investment Management Services	$17,866	$17,866
Philanthropic Consulting Srvcs	$48,793		$48,793
MARKETING SERVICES	$5,000		$5,000
SETTLEMENT FEE	$113	$113

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	Property Taxes	CategoryTxt
Amt	$32,624	Amt
Net Investment Income	$28,925	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$3,699	DisbursementsCharitablePrpsAmt