HAGEMAN FOUNDATION OF HOPE: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- HAGEMAN FOUNDATION OF HOPE (EIN 20-1700412)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202543219349101674
- Schema version
- 2024v5.2
- 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
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T09:14:02-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY ADVISORY GROUP LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 S 6TH ST 2300 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201700412 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HAGEMAN FOUNDATION OF HOPE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HAGE | BusinessNameControlTxt |
| Phone | 7636822870 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9872 HART BOULEVARD 301 | AddressLine1Txt |
| City | MONTICELLO | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55362 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL HAGEMAN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7636822870 | PhoneNum |
| Signature | 2025-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | STEVEN CRONK | PreparerPersonNm |
| PTIN | P01288895 | PTIN |
| Phone | 6128764500 | PhoneNum |
| Preparation | 2025-11-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $10,886,284 | 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 | $449,840 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $92,264 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $92,264 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $284,756 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $284,756 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $358,973 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,814,411 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $358,973 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,185,833 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $735,993 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $80,426 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $80,426 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $19,402 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $3,402 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $20,868 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $20,868 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $120,696 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $104,696 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $450,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $450,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $570,696 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $104,696 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $450,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $615,137 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $631,297 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $243,267 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $197,632 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $197,632 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $666,863 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,065,798 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,060,470 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $4,774,053 | CorporateStockBOYAmt |
| Corporate Stock EOY | $4,725,646 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,613,630 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $780,197 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $794,490 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $874,975 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $1,367,985 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,406,836 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,121,161 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $12,373 | OtherAssetsBOYAmt |
| Other Assets EOY | $18,416 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $18,416 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $7,844,738 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,208,818 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $10,886,284 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $7,844,738 | CapitalStockBOYAmt |
| Capital Stock EOY | $8,208,818 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $7,844,738 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $8,208,818 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $7,844,738 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $8,208,818 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $7,844,738 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $615,137 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,085 | OtherIncreasesAmt |
| Subtotal | $8,460,960 | SubtotalAmt |
| Other Decreases | $252,142 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $8,208,818 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $2,783,551 | $2,455,438 | $328,113 | $328,113 | |
| K-1 ACTIVITY | $29,168 | $29,168 | $29,168 | P | |
| CAPITAL GAINS DIVIDENDS | $1,692 | $1,692 | $1,692 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $358,973 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $8,775 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $8,775 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $8,775 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $13,493 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $4,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $17,493 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $8,718 | OverpaymentAmt |
| Applied To ES Tax | $8,718 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | MICHAEL HAGEMAN | IndividualWithBooksNm |
| Phone | 7636822870 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9872 HART BOULEVARD 301 | AddressLine1Txt |
| City | MONTICELLO | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55362 | 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 (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 |
|---|---|---|---|---|---|---|---|---|
| ROBERT HAGEMAN | ||||||||
| 9872 HART BOULEVARD 301 | MONTICELLO | MN | 55362 | PRESIDENT, DIRECTOR | 1.00 | $0 | $0 | $0 |
| COLLEEN HAGEMAN | ||||||||
| 9872 HART BOULEVARD 301 | MONTICELLO | MN | 55362 | DIRECTOR | 0.25 | $0 | $0 | $0 |
| MICHAEL HAGEMAN | ||||||||
| 9872 HART BOULEVARD 301 | MONTICELLO | MN | 55362 | VICE PRESIDENT, DIRECTOR | 0.25 | $0 | $0 | $0 |
| STACY K O HAGEMAN | ||||||||
| 9872 HART BOULEVARD 301 | MONTICELLO | MN | 55362 | TREASURER/SECRETARY, DIRECTOR | 0.25 | $0 | $0 | $0 |
| TIANI K HAGEMAN | ||||||||
| 9872 HART BOULEVARD 301 | MONTICELLO | MN | 55362 | DIRECTOR | 0.25 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PUNCH & ASSOCIATES | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7701 FRANCE AVE S 300 | AddressLine1Txt |
| City | EDINA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55435 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MANAGEMENT | ServiceTypeTxt |
| Compensation | $80,426 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | $8,262,446 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,978,581 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $10,241,027 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $10,241,027 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $153,615 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $10,087,412 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $504,371 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $504,371 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $8,775 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $8,775 | TotalTaxAmt |
| Distributable Before Adj | $495,596 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $495,596 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $495,596 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $450,000 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $450,000 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $495,596 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $206,687 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,121,433 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,328,120 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $450,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $450,000 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $45,596 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $45,596 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,282,524 | 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 | $1,282,524 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $161,091 | ExcessFromYear2Amt |
| Excess From Year1 | $1,121,433 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | ROBERT HAGEMAN | ContributingManagerNm |
| Contributing Manager | COLLEEN HAGEMAN | ContributingManagerNm |
| Contributing Manager | MICHAEL HAGEMAN | ContributingManagerNm |
| Contributing Manager | STACY K O HAGEMAN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (29 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ALZHEIMERS ASSOCIATION | |||||||
| 22512 GATEWAY CENTER DR | CLARKSBURG | MD | 20871 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $2,000 |
| AMERICAN CANCER SOCIETY | |||||||
| PO BOX 390829 | MINNEAPOLIS | MN | 55439 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $2,000 |
| AMERICAN KIDNEY FUND | |||||||
| 180 N WABASH AVE STE 320 | CHICAGO | IL | 60601 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $1,000 |
| AMERICAN RED CROSS | |||||||
| 2600 W WISCONSIN AVE | MILWAUKEE | WI | 53233 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $2,000 |
| BISON FISHING FOREVER | |||||||
| BUFFALO COMMUNITY CENTER 206 CENTRA | BUFFALO | MN | 55313 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $1,000 |
| BUFFALO FOOD SHELF | |||||||
| 301 12TH AVENUE SOUTH | BUFFALO | MN | 55313 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $60,000 |
| FAITH IN ACTION | |||||||
| 13074 EDGEWOOD ST | BECKER | MN | 55308 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $40,000 |
| FR TOM RAYAR HANDS OF HOPE | |||||||
| 9 THIRD STREET NW | BUFFALO | MN | 55313 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $12,000 |
| HOPE ACADEMY | |||||||
| 2300 CHICAGO AVE S | MINNEAPOLIS | MN | 55404 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $100,000 |
| LAKESIDE ACADEMY | |||||||
| 100 GARRISON AVE NE | BUFFALO | MN | 55313 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $5,000 |
| LEGACY HUNTING & FISHING RETREAT | |||||||
| PO BOX 521 | ROGERS | MN | 55374 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $5,000 |
| LOVE IN THE NAME OF CHRIST - LOVE INC | |||||||
| 1111 HIGHWAY 25 N SUITE 101 | BUFFALO | MN | 55320 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $20,000 |
| LOVE INC BIG WOODS | |||||||
| 1111 HIGHWAY 25 N SUITE 101 | BUFFALO | MN | 55320 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $20,000 |
| MAHPIYA LUTA RED CLOUD | |||||||
| 100 MISSION DRIVE | PINE RIDGE | SD | 57770 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $2,500 |
| MARYKNOLL MISSION | |||||||
| PO BOX 307 | MARYKNOLL | NY | 10545 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $1,000 |
| MN ADULTTEEN CHALLENGE | |||||||
| 740 E 24TH STREET | MINNEAPOLIS | MN | 55404 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $5,000 |
| MONTICELLO HELP CENTER | |||||||
| 224 W 3RD ST | MONTICELLO | MN | 55362 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $60,000 |
| PAWS FOR PURPLE HEARTS | |||||||
| 10201 OLD REDWOOD HWY | PENNGROVE | CA | 94951 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $2,500 |
| RENET | |||||||
| 5500 WAYZATA BLVD SUITE 600 | MINNEAPOLIS | MN | 55416 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $1,500 |
| SALVATION ARMY | |||||||
| 2445 PRIOR AVENUE N | ST PAUL | MN | 55113 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $25,000 |
| SAMARITAN'S PURSE | |||||||
| PO BOX 3000 | BOONE | NC | 28607 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $5,000 |
| SHARING & CARING HANDS | |||||||
| 525 N 7TH ST | MINNEAPOLIS | MN | 55405 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $15,000 |
| SPECIAL OLYMPICS | |||||||
| 900 2ND AVE S SUITE 300 | MINNEAPOLIS | MN | 55402 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $17,500 |
| SUMMIT ACADEMY OIC | |||||||
| 935 OLSON MEMORIAL HWY | MINNEAPOLIS | MN | 55405 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $2,500 |
| SUSAN B ANTHONY PROLIFE AMERICA | |||||||
| 2776 S ARLINGTON MILL DR 803 | ARLINGTON | VA | 22206 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $1,000 |
| TUNNEL TO TOWERS | |||||||
| 2361 HYLAN BLVD | STATEN ISLAND | NY | 10306 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $3,000 |
| UNION GOSPEL MISSION | |||||||
| 376 WESTERN AVE N | ST PAUL | MN | 55103 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $35,000 |
| UNITED SERVICE ORGANIZATIONS | |||||||
| 2111 WILSON BLVD SUITE 1200 | ARLINGTON | VA | 22201 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $500 |
| WOUNDED WARRIORS PROJECT | |||||||
| 4899 BELFORT ROAD SUITE 300 | JACKSONVILLE | FL | 32256 | N/A | PC | UNRESTRICTED CHARITABLE GIFTS | $3,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $450,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $92,264 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $284,756 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $358,973 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $735,993 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $735,993 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| ROBERT & COLLEEN HAGEMAN | ||||||
| 1 | 9872 HART BLVD 301 | MONTICELLO | MN | 55362 | $300,169 | Yes (X) |
| MICHAEL & STACY HAGEMAN | ||||||
| 2 | 8791 ROYAL COURT | RAMSEY | MN | 55303 | $149,671 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | PUBLICLY TRADED SECUTIRIES | $300,169 | 2024-08-21 |
| 2 | PUBLICLY TRADED SECUTIRIES | $149,671 | 2024-10-22 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORPORATE BONDS [6860] | BondNm |
| EOY Book Value | $794,490 | EOYBookValueAmt |
| EOYFMV | $874,975 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| EXCHANGE TRADED FUNDS [6860] | $23,702 | $135,330 |
| MUTUAL FUNDS [6860] | $599,044 | $568,705 |
| PREFERRED STOCK [6860] | $605,475 | $626,459 |
| STOCKS [4970] | $1,296,408 | $1,934,390 |
| STOCKS [4982] | $1,242,174 | $1,988,008 |
| STOCKS [6860] | $911,248 | $1,279,764 |
| IRON MTN INC (IRM) | $34,954 | $69,898 |
| EASTERLY GOVT PPTYS INC (DEA) | $12,641 | $11,076 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,065,798 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,060,470 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | PUNCH MICRO CAP PARTNERS LLC | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $1,406,836 | BookValueAmt |
| EOYFMV | $2,121,161 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DIVIDENDS IN TRANSIT | Desc |
| BOY Book Value | $12,373 | BOYBookValueAmt |
| EOY Book Value | $18,416 | EOYBookValueAmt |
| EOYFMV | $18,416 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJUST GIFT TO COST BASIS | Desc |
| Amt | $252,142 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 ACTIVITY: PUNCH MICRO CAP PARTNERS LLC | Desc |
| Revenue And Expenses Per Books | $20,868 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $20,868 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BROKER ADJUSTMENTS TO BASIS | Desc |
| Amt | $1,085 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $80,426 | Amt |
| Net Investment Income | $80,426 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $2,369 | $2,369 | $0 |
| FOREIGN TAXES: K-1 | $1,033 | $1,033 | $0 |
| FEDERAL EXCISE TAXES | $16,000 | $0 | $0 |