KENDRICK B MELROSE FAMILY FOUNDATION: Form 990PF, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- KENDRICK B MELROSE FAMILY FOUNDATION (EIN 41-1894134)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-04-24
- IRS object ID
- 202631149349101813
- Schema version
- 2025v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-04-24T15:40:16-05:00 | ReturnTs |
| Tax Period End | 2025-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450250958 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Eide Bailly LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 Nicollet Mall Ste 1300 | AddressLine1Txt |
| City | Minneapolis | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 554027033 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2025-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411894134 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kendrick B Melrose Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KEND | BusinessNameControlTxt |
| Phone | 7635458667 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 Balsam Lane N | AddressLine1Txt |
| City | Plymouth | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55441 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David Zaudtke | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 7635458667 | PhoneNum |
| Signature | 2026-04-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Deb Nelson CPA | PreparerPersonNm |
| PTIN | P01264758 | PTIN |
| Phone | 6122536500 | PhoneNum |
| Preparation | 2026-04-16 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | 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 | $74,588,795 | 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 | $17,445 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $1,458,302 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,458,302 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,238,538 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $10,564,120 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,238,538 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $6,775 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $6,775 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,721,060 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,703,615 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $326,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $104,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $114,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $424,201 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $424,201 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $40,962 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $10,092 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,735 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,735 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $792,898 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $538,293 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $115,735 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,515,700 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,515,700 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,308,598 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $538,293 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,631,435 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,587,538 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,165,322 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,371,175 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $781,447 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $781,447 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $2,503,650 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $2,598,340 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $2,648,902 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $7,854,457 | CorporateStockBOYAmt |
| Corporate Stock EOY | $8,165,456 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $24,035,905 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,911,878 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,934,356 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $2,012,621 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $35,562,019 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $34,144,617 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $45,109,920 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $49,203,179 | TotalAssetsBOYAmt |
| Total Assets EOY | $47,624,216 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $74,588,795 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| 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 | $49,203,179 | RetainedEarningBOYAmt |
| Retained Earning EOY | $47,624,216 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $49,203,179 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $47,624,216 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $49,203,179 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $47,624,216 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $49,203,179 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,587,538 | ExcessRevenueOverExpensesAmt |
| Other Increases | $8,575 | OtherIncreasesAmt |
| Subtotal | $47,624,216 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $47,624,216 | 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 |
|---|---|---|---|---|---|
| MorganStanley | $2,765,220 | $2,305,366 | $459,854 | $459,854 | |
| Wells Fargo | $7,480,880 | $7,020,216 | $460,664 | $460,664 | |
| Capital Gains Dividends | $318,020 | $318,020 | $318,020 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,238,538 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $30,098 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $30,098 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $30,098 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $18,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $18,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $591 | EsPenaltyAmt |
| Tax Due | $12,689 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | Kendrick B Melrose Family Foundati | IndividualWithBooksNm |
| Phone | 7635458667 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 Balsam Lane N | AddressLine1Txt |
| City | Plymouth | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55441 | 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 | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Edward A Arndt | ||||||||
| 115 Balsam Lane N | Plymouth | MN | 55441 | Chair/President | 5.00 | $110,000 | $0 | $0 |
| David Zaudtke | ||||||||
| 115 Balsam Lane N | Plymouth | MN | 55441 | Treasurer | 5.00 | $108,000 | $0 | $0 |
| Laurie Rivard | ||||||||
| 115 Balsam Lane N | Plymouth | MN | 55441 | Secretary | 5.00 | $108,000 | $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 (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Wells Fargo | |||||
| 90 South 7th Street MAC N9305-111 | Minneapolis | MN | 55402 | Investment management | $321,101 |
| MorganStanley | |||||
| 445 East Lake Street Suite 320 | Wayzata | MN | 55391 | Investment management | $103,100 |
| 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 | $66,851,041 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,582,729 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $68,433,770 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $68,433,770 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,026,507 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $67,407,263 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,370,363 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,370,363 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $30,098 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $30,098 | TotalTaxAmt |
| Distributable Before Adj | $3,340,265 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $3,340,265 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $3,340,265 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,631,435 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,631,435 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,340,265 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $839,969 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $839,969 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,631,435 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,340,265 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $291,170 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,131,139 | 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 | $1,131,139 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $839,969 | ExcessFromYear3Amt |
| Excess From Current Year | $291,170 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| Alzheimers Association Minnesota-North Dakota Chapter | ||||||||
| 12701 Whitewater Drive Suite 290 | Minnetonka | MN | 55343 | None | PC | General Purpose | $75,000 | |
| American Bear Association | ||||||||
| PO Box 77 | Orr | MN | 55771 | None | PC | General Purpose | $15,000 | |
| Barrier Free Golf | ||||||||
| 1110 Yellow Brick Rd | Chaska | MN | 55318 | None | PC | General Purpose | $5,000 | |
| Catholic Community Foundation | ||||||||
| Court West Suite 500 2610 Universit | St Paul | MN | 55114 | None | PC | Annunciation Hope and Healing Fund | $15,000 | Avenue West |
| GCSAA Foundation | ||||||||
| 1421 Research Park Dr | Lawrence | KS | 66049 | None | PC | To support and strengthen advocacy, education, and research that advances the work of golf course management professionals. | $1,000,000 | |
| Giving Voice Initiative | ||||||||
| 7400 Metro Boulevard Suite 255 | Edina | MN | 55439 | None | PC | General Purpose | $12,600 | |
| Good Cities | ||||||||
| 7340 Hunters Run | Eden Prairie | MN | 55346 | None | PC | General Purpose | $8,500 | |
| Helping Paws Inc | ||||||||
| 630 12th Ave S PO Box 634 | Hopkins | MN | 55343 | None | PC | General Purpose | $82,500 | |
| Hill Cities | ||||||||
| 4440 2-1/2 Street NE | Minneapolis | MN | 55421 | None | PC | General Purpose | $12,600 | |
| Minnesota Public Radio | ||||||||
| 480 Cedar Street | St Paul | MN | 55101 | None | PC | General Purpose | $15,000 | |
| MN Veterans Pantry | ||||||||
| 4979 Olson Memorial Hwy Ste 101 | Minneapolis | MN | 55422 | None | PC | General Purpose | $30,500 | |
| No Barriers USA | ||||||||
| 605 South College Avenue 101 | Fort Collins | CO | 80524 | None | PC | General Purpose | $126,000 | |
| Open Arms of Minnesota | ||||||||
| 2500 Bloomington Ave | Minneapolis | MN | 55404 | None | PC | General Purpose | $10,000 | |
| Park Nicollet Foundation | ||||||||
| 6500 Excelsior Blvd | St Louis Park | MN | 55426 | None | PC | Melrose East St. Paul location expansion | $1,068,000 | |
| Twin Cities Public Television | ||||||||
| 172 4th St E | St Paul | MN | 55101 | None | PC | General Purpose | $15,000 | |
| Waimea Community Theater | ||||||||
| 67-1185 Mamalahoa Hwy Unit D104 PMB | Kamuela | HI | 96743 | None | PC | General Purpose | $25,000 | 389 |
| Wayzata Community Church | ||||||||
| 125 Wayzata Blvd East | Wayzata | MN | 553911596 | None | PC | General Purpose | $1,000,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,515,700 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,458,302 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,775 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,238,538 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,703,615 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,703,615 | 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 Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kendrick B Melrose Irrevocable Trust | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 Balsom Lane N | AddressLine1Txt |
| City | Plymouth | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 554416003 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $17,445 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (41 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBVIE INC | $44,849 | $48,489 |
| AMAZON.COM INC | $47,614 | $49,594 |
| AMERICAN EXPRESS CO | $45,472 | $45,690 |
| AMGEN INC | $50,833 | $51,862 |
| ANHEUSER-BUSCH INBEV WOR | $49,907 | $51,008 |
| ANTHEM INC | $35,950 | $38,128 |
| APPLE INC | $48,461 | $49,950 |
| AT&T INC | $50,101 | $51,843 |
| BOEING CO | $46,003 | $49,905 |
| CANADIAN IMPERIAL BANK | $64,706 | $67,311 |
| CITIGROUP INC | $46,660 | $49,992 |
| CVS HEAL TH CORP | $48,492 | $50,166 |
| DUKE ENERGY CORP | $42,294 | $44,852 |
| FISERV INC | $46,202 | $48,488 |
| GENERAL MILLS INC | $39,330 | $40,130 |
| GILEAD SCIENCES INC | $79,284 | $79,965 |
| GOLDMAN SACHS GROUP INC | $66,041 | $69,092 |
| HOME DEPOT INC | $45,172 | $47,069 |
| JPMORGAN.CHASE & CO | $54,892 | $59,649 |
| KEURIG DR PEPPER .INC | $46,608 | $48,060 |
| LLOYDS BANKING GROUP PLC | $44,064 | $44,928 |
| LOCKHEEDMARTIN CORP | $51,348 | $51,198 |
| LOWE'S COS INC | $43,069 | $45,872 |
| MASTERCARD INC | $42,029 | $44,858 |
| MCKESSON CORP | $45,319 | $46,496 |
| MERCK & CO INC | $41,885 | $44,514 |
| META PLATFORMS INC | $49,969 | $50,922 |
| MORGAN STANLEY | $46,593 | $49,658 |
| NASDAQ INC | $45,630 | $46,436 |
| NEXTERA ENERGY CAPITAL | $45,346 | $45,831 |
| NORTHROP GRUMMAN CORP | $47,311 | $49,359 |
| PEPSICO INC | $70,748 | $72,108 |
| PFIZER INVESTMENT ENTER | $49,755 | $50,663 |
| RTXCORP | $32,118 | $35,113 |
| STARBUCKS CORP | $34,984 | $36,851 |
| STATE STREET CORP | $31,465 | $35,992 |
| SUMITOMO MITSUI FINL GRP | $45,872 | $46,348 |
| SYSCO CORPORATION | $48,095 | $49,824 |
| TEXAS INSTRUMENTS INC | $39,515 | $41,266 |
| UNITEDHEALTH GROUP INC | $51,851 | $52,093 |
| VERIZON COMMUNICATIONS | $28,519 | $31,048 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (22 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALPHABET INC CL C | $547,487 | $2,598,264 |
| AMPHENOL CORP CL A | $249,972 | $1,593,571 |
| APPLE INC | $672,123 | $2,509,812 |
| Berkshire Hathaway | $393,412 | $941,966 |
| BERKSHIRE HATHAWAY INC. | $271,586 | $753,975 |
| BLACKROCK INC | $286,484 | $634,712 |
| Brookfield Asset Management | $38,770 | $92,521 |
| Brookfield Corp | $505,722 | $965,985 |
| Brookfield Renewable Power | $99,350 | $147,877 |
| CHEVRON CORP | $194,342 | $330,577 |
| Farmland Partners | $32,147 | $50,766 |
| GOLDMAN SACHS GROUP INC | $294,387 | $1,469,688 |
| Granite Point Mortgage | $61,464 | $53,158 |
| JPMORGAN CHASE & CO | $397,092 | $1,386,835 |
| MASTERCARD INC | $705,267 | $1,499,131 |
| MICROSOFT CORP | $545,313 | $1,495,353 |
| RESMED INC | $395,800 | $602,175 |
| S&P GLOBAL INC | $170,857 | $388,284 |
| TAIWAN SEMICONDUCTOR MANUFACTU -ADR | $660,354 | $3,875,813 |
| THERMO FISHER SCIENTIFIC INC | $577,929 | $1,016,935 |
| UNITEDHEALTH GROUP INC | $758,740 | $792,264 |
| WALMART INC | $306,858 | $836,243 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $2,598,340 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $2,648,902 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (36 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| AMERICAN EXPRESS CREDIT ACCOUN | AT COST | $100,688 | $101,618 |
| Baron Global Opportunity | AT COST | $517,591 | $659,497 |
| CTR Coast Brkfld Mdstrm | AT COST | $56,403 | $74,309 |
| DoubleLine Income | AT COST | $54,529 | $52,034 |
| DoubleLine Total Return | AT COST | $201,867 | $183,032 |
| Eaton Vance | AT COST | $93,165 | $92,371 |
| EV Sht Duration Govt Inc | AT COST | $554,095 | $531,939 |
| First Trust | AT COST | $65,451 | $74,280 |
| I SHARES CORES & P 500 ETF | AT COST | $6,117,487 | $10,452,184 |
| I SHARES CORES&P MID-CAP. ETF | AT COST | $1,919,191 | $2,409,000 |
| I SHARES RUSSELL 2000 ETF | AT COST | $1,190,669 | $1,329,264 |
| INVESCO QQQ TRUST SERIES 1 | AT COST | $1,112,397 | $1,351,482 |
| Ishares 0-3 Month Treasury | AT COST | $963,553 | $962,745 |
| ISHARES COREMSCI EAFE ETF | AT COST | $5,283,752 | $6,494,796 |
| ISHARES MBs ETF | AT COST | $112,193 | $114,264 |
| Ishares Russell Top 200 | AT COST | $414,760 | $1,207,458 |
| Kinetics Paradigm INST | AT COST | $189,815 | $542,000 |
| MSF INTL Diversification | AT COST | $674,558 | $880,606 |
| NH Credit Partners II | AT COST | $42,480 | $140,334 |
| Oaktree Specialty Lending | AT COST | $166,063 | $139,312 |
| PIMCO HIGH YIELD FUND | AT COST | $843,500 | $855,777 |
| Pimco Income | AT COST | $261,236 | $265,154 |
| PRINCIPAL MIDCAP FUND | AT COST | $2,000,000 | $2,129,696 |
| PRINCIPAL PREFERRED SECURITIES FUND | AT COST | $2,736,000 | $2,635,731 |
| ProShares S&P500 Div Arist | AT COST | $822,357 | $1,033,103 |
| SPOR S &P 500 ETFTRUST | AT COST | $510,843 | $1,227,456 |
| State Street SPDR | AT COST | $642,805 | $655,290 |
| T ROWEPRICE INSTITUTIONAL FLOAT | AT COST | $850,000 | $847,302 |
| Thornburg Strategic | AT COST | $252,612 | $256,403 |
| Vanguard Dividend Appreciation | AT COST | $631,058 | $1,245,933 |
| Vanguard Small Cap | AT COST | $229,419 | $393,632 |
| Vanguard Total Bond | AT COST | $257,691 | $255,690 |
| VANGUARD TOTAL BOND MARKETINDEX | AT COST | $1,400,000 | $1,432,251 |
| VANGUARDHSE EMERGINGMARKETS ETF | AT COST | $1,495,463 | $2,019,166 |
| VIRTUS KAR SMALLCAP CORE FUND | AT COST | $844,351 | $938,620 |
| Wisomtree US Large Cap Div | AT COST | $536,575 | $1,126,191 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MN Filing Fee | $25 | $0 | $25 |
| Miscellaneous Expense | $1,710 | $0 | $1,710 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Investment Income | Desc |
| Revenue And Expenses Per Books | $6,775 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $6,775 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $6,775 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Cost Basis Adjustment | Desc |
| Amt | $8,575 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Fees | CategoryTxt |
| Amt | $424,201 | Amt |
| Net Investment Income | $424,201 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Excise Tax | $12,870 | $0 | $0 |
| Estimated Tax | $18,000 | $0 | $0 |
| Foreign Tax | $10,092 | $10,092 | $0 |