LINDA REDMANN SCHOLARSHIP TR: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- LINDA REDMANN SCHOLARSHIP TR (EIN 38-7147993)
- Tax period
- 2024-09-01 to 2025-08-31
- Filed
- 2026-05-15
- IRS object ID
- 202601359349103205
- 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
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Other Decreases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-15T12:01:12-05:00 | ReturnTs |
| Tax Period End | 2025-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 346565596 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 155 WACKER DR | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 387147993 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REDMANN LINDA SCHOLARSHIP TR 20000264 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LIND | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2300 SOUTH COLUMBIA ROAD | AddressLine1Txt |
| City | GRAND FORKS | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 58201 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALERUS FINANCIAL | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Signature | 2026-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DONNA GIKAS | PreparerPersonNm |
| PTIN | P10451693 | PTIN |
| Phone | 3128792850 | PhoneNum |
| Preparation | 2026-05-13 | 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 | $561,330 | FMVAssetsEOYAmt |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Dividends Rev And Expnss | $23,519 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $23,488 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $13,580 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $133,405 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $13,580 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $37,099 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $37,068 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $5,959 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $2,980 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $2,980 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $2,763 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $2,763 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,125 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $78 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $0 | PrintingAndPubAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $9,847 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $5,821 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,980 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $28,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $28,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $37,847 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $5,821 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $30,980 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$748 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $31,247 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $11,122 | CashBOYAmt |
| Cash EOY | -$3,379 | CashEOYAmt |
| Cash EOYFMV | -$3,379 | CashEOYFMVAmt |
| Acct Rcvbl EOY | $0 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $0 | AcctRcvblEOYFMVAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Corporate Stock BOY | $266,523 | CorporateStockBOYAmt |
| Corporate Stock EOY | $203,180 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $257,005 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $226,399 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $282,432 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $276,578 | CorporateBondsEOYFMVAmt |
| Other Investments EOY | $20,371 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $31,126 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $504,044 | TotalAssetsBOYAmt |
| Total Assets EOY | $502,604 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $561,330 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $504,044 | CapitalStockBOYAmt |
| Capital Stock EOY | $502,604 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $504,044 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $502,604 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $504,044 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $502,604 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $504,044 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$748 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $503,296 | SubtotalAmt |
| Other Decreases | $692 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $502,604 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (68 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| 16. JPMORGAN CHASE & CO | 2019-02-27 | 2024-10-01 | $3,334 | $1,291 | $2,043 | $2,043 | |
| 53. MERCK & CO. INC. | 2022-05-31 | 2024-11-18 | $5,108 | $4,141 | $967 | $967 | |
| 87. DOW INC | 2023-09-06 | 2024-12-10 | $3,693 | $4,743 | -$1,050 | -$1,050 | |
| 14. BROADCOM INC | 2020-01-21 | 2025-03-31 | $2,324 | $433 | $1,891 | $1,891 | |
| 19. CHEVRONTEXACO CORP COM | 2023-07-12 | 2025-03-31 | $3,181 | $2,855 | $326 | $326 | |
| 20. EXXON MOBIL CORP COM | 2023-07-12 | 2025-03-31 | $2,376 | $1,911 | $465 | $465 | |
| 233. FIFTH THIRD BANCORP | 2023-10-20 | 2025-03-31 | $9,082 | $5,852 | $3,230 | $3,230 | |
| 121. METLIFE INC | 2023-10-20 | 2025-03-31 | $9,662 | $6,404 | $3,258 | $3,258 | |
| 48. PROCTER AND GAMBLE COMPANY | 2024-11-18 | 2025-03-31 | $8,160 | $8,126 | $34 | $34 | |
| 115. RESTURANT BRANDS INTERNATIONAL I RESTAURANT BRANDS INTERNATONAL | 2023-10-20 | 2025-03-31 | $7,678 | $6,818 | $860 | $860 | |
| 57. SEAGATE TECHNOLOGY HOLDINGS | 2022-10-17 | 2025-03-31 | $4,812 | $4,069 | $743 | $743 | |
| 40. VISTRA CORP | 2025-03-31 | 2025-04-10 | $4,420 | $4,729 | -$309 | -$309 | |
| 191. AT&T INC | 2018-10-17 | 2025-05-09 | $5,316 | $4,758 | $558 | $558 | |
| 10. ABBVIE INC | 2022-01-20 | 2025-05-09 | $1,868 | $1,349 | $519 | $519 | |
| 18. BROADCOM INC | 2021-04-19 | 2025-05-09 | $3,737 | $583 | $3,154 | $3,154 | |
| 38. CISCO SYSTEMS | 2024-08-22 | 2025-05-09 | $2,264 | $1,920 | $344 | $344 | |
| 7. INTERNATIONAL BUSINESS MACHINES, INC. | 2020-01-06 | 2025-05-09 | $1,739 | $921 | $818 | $818 | |
| 6. JPMORGAN CHASE & CO | 2019-02-27 | 2025-05-09 | $1,520 | $631 | $889 | $889 | |
| 6. JOHNSON AND JOHNSON | 2024-06-18 | 2025-05-09 | $930 | $875 | $55 | $55 | |
| 82. KENVUE INC | 2023-08-18 | 2025-05-09 | $1,989 | $1,847 | $142 | $142 | |
| 16. SOUTHERN CO/THE | 2021-04-12 | 2025-05-09 | $1,444 | $892 | $552 | $552 | |
| 11. 3M CO | 2023-09-06 | 2025-05-09 | $1,563 | $986 | $577 | $577 | |
| 30. UNILEVER PLC-SPONSORED ADR | 2022-07-08 | 2025-05-09 | $1,875 | $1,389 | $486 | $486 | |
| 45. VERIZON COMMUNICATIONS | 2015-09-16 | 2025-05-09 | $1,961 | $2,082 | -$121 | -$121 | |
| 3. WATSCO INC | 2023-02-23 | 2025-05-09 | $1,423 | $911 | $512 | $512 | |
| 18. CHEVRONTEXACO CORP COM | 2023-09-06 | 2025-05-21 | $2,454 | $2,889 | -$435 | -$435 | |
| 22. CLOROX CO | 2023-02-09 | 2025-05-21 | $2,907 | $3,315 | -$408 | -$408 | |
| 16. UNION PACIFIC CORP | 2023-01-20 | 2025-06-06 | $3,571 | $3,311 | $260 | $260 | |
| 515. AT&T INC 4.75% | 2022-05-24 | 2025-07-09 | $10,139 | $10,154 | -$15 | -$15 | |
| 240. BANK OF AMERICA CORP 5.875% | 2020-01-02 | 2025-07-09 | $5,860 | $6,554 | -$694 | -$694 | |
| 150. METLIFE INC 4.75% | 2020-07-09 | 2025-07-09 | $2,981 | $3,756 | -$775 | -$775 | |
| 250. PUBLIC STORAGE 4.7% | 2020-01-02 | 2025-07-09 | $4,719 | $6,453 | -$1,734 | -$1,734 | |
| 219. SCE TRUST II 5.1% | 2015-09-16 | 2025-07-09 | $3,614 | $5,203 | -$1,589 | -$1,589 | |
| 295. WELLS FARGO & COMPANY 4.7% | 2020-12-16 | 2025-07-09 | $5,663 | $7,674 | -$2,011 | -$2,011 | |
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P | |||||
| CAPITAL GAIN DIVIDENDS | $38 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $13,580 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $434 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $434 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $434 | TaxBasedOnInvestmentIncomeAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $434 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 | ND | 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 | false | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALERUS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7017953325 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2300 SOUTH COLUMBIA ROAD | AddressLine1Txt |
| City | GRAND FORKS | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 58201 | 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Alerus Financial | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2300 S Columbia Rd | AddressLine1Txt |
| City | Grand Forks | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 58201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Trustee | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 1 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $5,959 | CompensationAmt |
| 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 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PAID TO TRINITY BIBLE COLLEGE 2023 FALL SCHOLARSHIP FOR ISABELLA DREGER (R - CHERYL) | Description1Txt |
| Description2 | PAID TO VALLEY CITY STATE UNIVERSITY 2023 FALL SCHOLARSHIP FOR RYLAN PARSLEY (R - CHERYL) | Description2Txt |
| Description3 | PAID TO UNIVERSITY OF MARY 2023 FALL SCHOLARSHIP FOR KAYLEE KEMP (R - CHERYL) | Description3Txt |
| Description4 | PAID TO NORTHLAND COMMUNITY & TECHNICAL COLLEGE 2023 FALL SCHOLARSHIP FOR PAIGE GUNDERSON (R - CHERYL) | Description4Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $550,921 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $14,320 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $565,241 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $565,241 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $8,479 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $556,762 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $27,838 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $27,838 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $434 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $434 | TotalTaxAmt |
| Distributable Before Adj | $27,404 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $27,404 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $27,404 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $30,980 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $30,980 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $27,404 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $19,043 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $9,226 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $6,328 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $34,597 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $30,980 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $27,404 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $3,576 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $38,173 | 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 | $38,173 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $19,043 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $9,226 | ExcessFromYear2Amt |
| Excess From Year1 | $6,328 | ExcessFromYear1Amt |
| Excess From Current Year | $3,576 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| North Dakota State University | |||||||
| 1301 ADMINISTRATION AVE N | Fargo | ND | 58105 | NONE | PC | SCHOLARSHIPS | $3,500 |
| NORTHLAND COMMUNITY & TECHNICAL COLLEGE | |||||||
| 2022 CENTRAL AVENUE NE | East Grand Forks | MN | 56721 | SCHOLARSHIPS | $3,500 | ||
| To Rochester Institute of Technology | |||||||
| 1 LOMB MEMORIAL DR | Rochester | NY | 14623 | NONE | PC | SCHOOLERSHIP | $3,500 |
| grand canyon university | |||||||
| 3300 W CAMELBACK RD | Phoenix | AZ | 85017 | NONE | PC | SCHOOLARSHIP | $3,500 |
| Mayville State University | |||||||
| 330 3RD ST NE | Mayville | ND | 58257 | NONE | PC | SCHOOLARSHIP | $3,500 |
| university of north dakota | |||||||
| 3501 UNIVERSITY AVE | Grand Forks | ND | 58202 | NONE | PC | SCHOOLARSHIP | $10,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $28,000 | 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 |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $23,519 | 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 Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $13,580 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $37,099 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $37,099 | TotalIncomeProducingActyAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Rln Of Acty To Accom Of Exmpt Prps | RlnOfActyToAccomOfExmptPrpsGrp |
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 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (11 entries)
| BondBondNm |
|---|
| GOLDMAN SACHS GROUP INC 5% |
| GOLDMAN SACHS GROUP INC 5.75% |
| JP MORGAN CHASE & CO 4.125% |
| SHERWIN WILLIAMS CO 3.45% SNR |
| SYSCO CORPORATION 5.95% SNR PI |
| VERIZON COMMUNICATIONS 4.016% |
| WELLS FARGO & COMPANY 4.48% |
| ALLIANCEBERNSTEIN HIGH INCOME |
| DOLLAR TREE INC 4.2% SNR NTS |
| ISHARES BARCLAYS 20+YR TREAS |
| ALL STATE CORP 5.25% SNR |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (64 entries)
| StockStockNm |
|---|
| DOW INC |
| RIO TINTO PLC ADR |
| HASBRO INC |
| HOME DEPOT INC |
| NEWELL RUBBERMAID INC COM |
| OMNICOM GROUP INC |
| RESTURANT BRANDS INTERNATIONAL |
| CVS CORP |
| COCA COLA COMPANY |
| PHILIP MORRIS |
| CHEVRONTEXACO CORP COM |
| EXXON MOBIL CORP COM |
| TOTAL ADR |
| JP MORGAN CHASE & CO |
| METLIFE INC |
| PRUDENTIAL FINANCIAL INC |
| JOHNSON AND JOHNSON |
| MERCK & CO INC NEW |
| PFIZER INC |
| EMERSON ELECTRIC COMPANY |
| LOCKHEED MARTIN CORP |
| EATON CORP PLC |
| INVESCO STEELPATH MLP SELECT 4 |
| COHEN AND STEERS GLOBAL REALTY |
| VANGUARD REAL ESTATE ETF |
| BANK OF AMERICA CORPORATION PR |
| METLIFE INC PREFERRED SECURITY |
| PUBLIC STORAGE PREFERRED |
| SCE TRUST II PREFERRED STOCK |
| US BANCORP DEL DEPOSITARY SHAR |
| WELLS FARGO & CO DEP PFD |
| APPLE COMPUTER INC |
| BROADCOM CORP |
| INTERNATIONAL BUSINESS MACHINE |
| MICROSOFT CORPORATION |
| TEXAS INSTRUMENTS INC |
| ACCENTURE PLC |
| SEAGATE TECHNOLOGY |
| AT&T INC |
| VERIZON COMMUNICATIONS |
| DUKE ENERGY CORPORATION |
| SOUTHERN COMPANY |
| US BANCORP DEL COM NEW |
| ADR BHP BILLITON LTD |
| BEST BUY INC |
| UNILEVER PLC ADR |
| V F CORP COM |
| ABBVIE INC |
| JP MORGAN EQUITY PREMIUM INCOM |
| AT&T INC DEPOSITARY SHARES, EA |
| THE CHARLES SCHWAB CORPORATION |
| INTEL CORPORATION |
| RESTURANT BRANDS INTERNATIONAL |
| CLOROX COMPANY |
| KENVUE INC |
| FIFTH THIRD BANCORP |
| UNION PAC CORP |
| WATSCO INC |
| CMS ENERGY CORP COM |
| PROCTER & GAMBLE CO |
| 3M CO |
| UNITED PARCEL SERVICE |
| CISCO SYSTEM |
| HEWLETT PACKARD ENTERPRISE |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| POST YEAR END TRANSACTION ADJUSTMENT | $641 |
| COST BASIS ADJUSTMENT | $51 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMNT MNGMNT FEES (NON-DED | CategoryTxt |
| Amt | $2,763 | Amt |
| Net Investment Income | $2,763 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $78 | $78 | $0 |
| FEDERAL TAX PAYMENT - PRIOR YE | $1,047 | $0 | $0 |