THE RON AND DIANE FAGEN FAMILY FOUNDATION: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- THE RON AND DIANE FAGEN FAMILY FOUNDATION (EIN 20-2019581)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-08-26
- IRS object ID
- 201412389349100706
- Schema version
- 2013v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Other Expenses Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-08-26T14:21:15-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410975573 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REDPATH AND COMPANY LTD | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4810 WHITE BEAR PARKWAY | AddressLine1 |
| City | WHITE BEAR LAKE | City |
| State | MN | State |
| ZIP Code | 55110 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202019581 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE RON AND DIANE FAGEN FAMILY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RONA | BusinessNameControlTxt |
| Phone | 3205645103 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 69 | AddressLine1 |
| City | GRANITE FALLS | City |
| State | MN | State |
| ZIP Code | 56241 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DIANE FAGEN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3205645103 | PhoneNum |
| Signature | 2014-08-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ASHLEY C REHN CPA | PreparerPersonNm |
| PTIN | P00965922 | PTIN |
| Phone | 6514267000 | PhoneNum |
| Preparation | 2014-08-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $2,377,598 | 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 | $1,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $3 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $32,882 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $32,844 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $7,799 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $95,349 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $7,799 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,040,684 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $40,646 | 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 |
| Accounting Fees Rev And Expnss | $4,953 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,477 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $2,476 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $13,004 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $13,004 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | -$35 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | -$60 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $25 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $17,922 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $15,421 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,501 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $45,140 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $45,140 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $63,062 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $15,421 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $47,641 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $977,622 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $25,225 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $149,811 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,217,626 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,217,626 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $464,047 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $374,917 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $388,491 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $345,977 | CorporateStockBOYAmt |
| Corporate Stock EOY | $345,979 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $401,727 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $364,137 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $363,072 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $369,754 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $1,323,972 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,301,594 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,377,598 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $1,323,972 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,301,594 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,323,972 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,301,594 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,323,972 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,301,594 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,323,972 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $977,622 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $2,301,594 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,301,594 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $85,550 | $87,550 | -$2,000 | -$2,000 | |
| CAPITAL GAINS DIVIDENDS | $9,799 | $9,799 | $9,799 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $7,799 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $81,245 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $1,409,730 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.057632 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $79,210 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,416,879 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.055905 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $193,049 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,477,374 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.130670 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $48,050 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,391,186 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.034539 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $19,211 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,229,510 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.015625 | DistributionYr5Rt |
| Total Distribution | 0.294371 | TotalDistributionRt |
| Average Distribution | 0.058874 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $1,422,448 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $83,745 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $252 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $83,997 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $47,641 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $505 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $505 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $505 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,004 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $1,004 | TotalPaymentsAndCreditsAmt |
| Overpayment | $499 | OverpaymentAmt |
| Applied To ES Tax | $499 | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3205645103 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 69 | AddressLine1 |
| City | GRANITE FALLS | City |
| State | MN | State |
| ZIP Code | 56241 | ZIPCode |
| 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 |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DIANE FAGEN | ||||||||
| PO BOX 69 | GRANITE FALLS | MN | 56241 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| RON FAGEN | ||||||||
| PO BOX 69 | GRANITE FALLS | MN | 56241 | VICE PRESIDENT/TREASURER | 1.00 | $0 | $0 | $0 |
| EVAN FAGEN | ||||||||
| PO BOX 69 | GRANITE FALLS | MN | 56241 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| AARON FAGEN | ||||||||
| PO BOX 69 | GRANITE FALLS | MN | 56241 | DIRECTOR | 1.00 | $0 | $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 | $1,209,247 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $234,863 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,444,110 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,444,110 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $21,662 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,422,448 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $71,122 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $71,122 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $505 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $505 | TotalTaxAmt |
| Distributable Before Adj | $70,617 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $70,617 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $70,617 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $47,641 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $47,641 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $47,641 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $70,617 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $57,506 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $9,062 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $11,858 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $78,426 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $47,641 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $47,641 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $22,976 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $22,976 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $55,450 | 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 | $55,450 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $34,530 | ExcessFromYear3Amt |
| Excess From Year2 | $9,062 | ExcessFromYear2Amt |
| Excess From Year1 | $11,858 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | DIANE FAGEN | ContributingManagerNm |
| Contributing Manager | RON FAGEN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| YME SCHOOL DISCTICT 2190 | |||||||
| 450 9TH AVENUE | GRANITE FALLS | MN | 56241 | NONE | NC | K-6 ART PROGRAM | $10,000 |
| MN MILITARY APPRECIATION FUND | |||||||
| PO BOX 2070 | MINNEAPOLIS | MN | 55402 | NONE | PC | MILITARY VETERAN SUPPORT | $10,000 |
| GARY SINISE FOUNDATION | |||||||
| 1901 AVENUE OF THE STARS | LOS ANGELES | CA | 90067 | NONE | PC | MILITARY VETERAN AND FAMILY SUPPORT | $10,000 |
| PHILIPPINES- MN RELIEF FUND | |||||||
| 17589 BEARPATH TRAIL | EDEN PRAIRIE | MN | 55347 | NONE | PC | DISASTER RELIEF | $10,000 |
| FARGO AIR MUSEUM | |||||||
| 1609 19TH AVE N | FARGO | ND | 58102 | NONE | PC | AVIATION RESTORATION AND PRESERVATION | $5,140 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $45,140 | 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 | $3 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $32,882 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $7,799 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $40,684 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $40,684 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | RON AND DIANE FAGEN | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 HIGHWAY 212 | AddressLine1 |
| City | GRANITE FALLS | City |
| State | MN | State |
| ZIP Code | 56241 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $4,953 | Amt |
| Net Investment Income | $2,477 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $2,476 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (12 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ASSURANT INC CORPORATE NOTE DTD 2/18/04 | $20,039 | $20,113 |
| WELLS FARGO & COMPANY CORPORATE BOND DTD 10-01-09 | $25,021 | $25,637 |
| DUPONT EI NEMOURS NOTE DTD 11-9-09 | $25,037 | $25,717 |
| BELLSOUTH CORP CORPORATE NOTE DTD 12/22/04 | $25,723 | $27,633 |
| BERKSHIRE HATHAWAY INC NOTE DTD 2/11/10 | $25,032 | $25,768 |
| CISCO SYSTEMS INC CORP NOTE DTD 2/17/09 | $25,579 | $28,121 |
| CHARLES SCHWAB CORP DTD 7-22-2010 | $52,255 | $54,049 |
| PHILIPS ELECTRONICS NV DTD 03-09-2012 | $25,239 | $25,014 |
| SIT EMERGING MARKETS DEBT FUND | $28,130 | $25,277 |
| SIMT HIGH YIELD BOND FUND - SHYAX | $48,824 | $50,375 |
| SIT INTERNATIONAL FIXED INCOME FUND - SEFIX | $47,890 | $47,778 |
| SDIT ULTRA SHORT DURATION BOND FUND - SECPX | $14,303 | $14,272 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BARON GROWTH INSTITUTIONAL FUND-BGRIX | $10,875 | $18,169 |
| FEDERATED STRATEGIC VALUE FUND-SVAIX | $19,528 | $31,330 |
| HARBOR INTERNATIONAL FUND-HAINX | $17,357 | $27,084 |
| JP MORGAN MID CAP VALUE FUND-FLMVX | $6,713 | $11,423 |
| SEI SIMT GLOBAL MGD VOL CL A 76 - SVTAX | $67,379 | $72,763 |
| SEI SIMT U.S. MANAGED VOL CL A 72 - SVOAX | $46,204 | $55,799 |
| SEI SIT EMERGING MKT EQUITY CL A 97-SIEMX | $13,254 | $14,244 |
| VANGUARD INTERNATIONAL GROWTH FD-IV-VWIGX | $21,024 | $28,153 |
| ABSOLUTE STRATEGIES FUND-ASFIX | $99,076 | $104,043 |
| RYDEX MANAGED FUTURES STRATEGY FUND -RYIFX | $30,566 | $25,150 |
| SEI MULTI-ASSET ACCUMULATION FUND - SAAAX | $14,003 | $13,569 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $324,407 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $338,135 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $50,510 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $50,356 | StateLocalSecEOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK FEES | -$60 | -$60 | $0 |
| MINNESOTA REGISTRATION FEE | $25 | $0 | $25 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $13,004 | Amt |
| Net Investment Income | $13,004 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |