efile Public Visual Render
ObjectId: 202323129349102007 - Submission: 2023-11-08
TIN: 04-6691809
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0047
20
22
Open to Public Inspection
For calendar year 2022, or tax year beginning
01-01-2022
, and ending
12-31-2022
Name of foundation
Van Sloun Foundation
CO Baldwin Brothers LLC
Number and street (or P.O. box number if mail is not delivered to street address)
PO Box 576
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Marion
,
MA
02738
A Employer identification number
04-6691809
B
Telephone number (see instructions)
(508) 748-1665
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
17,476,175
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
219,779
219,779
219,779
5a
Gross rents
............
200,000
200,000
200,000
b
Net rental income or (loss)
180,289
6a
Net gain or (loss) from sale of assets not on line 10
-313,677
b
Gross sales price for all assets on line 6a
3,156,409
7
Capital gain net income (from Part IV, line 2)
...
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
12
Total.
Add lines 1 through 11
........
106,102
419,779
419,779
13
Compensation of officers, directors, trustees, etc.
30,000
30,000
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
List of Attached Documents:
// Content
5,475
5,475
5,475
c
Other professional fees (attach schedule)
....
List of Attached Documents:
// Content
65,099
65,099
65,099
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
List of Attached Documents:
// Content
9,269
6,770
6,770
70
19
Depreciation (attach schedule) and depletion
...
List of Attached Documents:
// Content
19,711
19,711
19,711
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
17,366
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
List of Attached Documents:
// Content
1,715
90
90
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
148,635
97,145
97,145
30,070
25
Contributions, gifts, grants paid
.......
991,000
991,000
26
Total expenses and disbursements.
Add lines 24 and 25
1,139,635
97,145
97,145
1,021,070
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-1,033,533
b
Net investment income
(if negative, enter -0-)
322,634
c
Adjusted net income
(if negative, enter -0-)
...
322,634
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2022)
Page 2
Form 990-PF (2022)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
154,713
2,427,077
2,427,077
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
71
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
15,796,038
List of Attached Documents:
// Content
10,211,098
10,211,098
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
1,185,868
Less: accumulated depreciation (attach schedule)
772,134
433,445
List of Attached Documents:
// Content
413,734
4,838,000
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
16,384,196
13,051,980
17,476,175
17
Accounts payable and accrued expenses
..........
1,403
18
Grants payable
.................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
List of Attached Documents:
// Content
1
23
Total liabilities
(add lines 17 through 22)
.........
1,404
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
16,382,792
13,051,980
29
Total net assets or fund balances
(see instructions)
.....
16,382,792
13,051,980
30
Total liabilities and net assets/fund balances
(see instructions)
.
16,384,196
13,051,980
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
16,382,792
2
Enter amount from Part I, line 27a
.....................
2
-1,033,533
3
Other increases not included in line 2 (itemize)
3
4
Add lines 1, 2, and 3
..........................
4
15,349,259
5
Decreases not included in line 2 (itemize)
List of Attached Documents:
// Content
5
2,297,279
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
13,051,980
Form
990-PF
(2022)
Page 3
Form 990-PF (2022)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
Short Term Reported
P
2022-03-03
2022-09-28
b
Long term Reported
P
2021-02-04
2022-10-11
c
200 Analog Devices Inc
P
1992-01-10
2022-09-20
d
400 Church & Dwight Co.
P
2004-12-29
2022-09-20
e
500 Glacier Bancorp Inc
P
2012-10-19
2022-09-20
200 Illinois Tool Works Inc
P
2006-10-11
2022-09-20
1000 TC Energy
P
2004-11-12
2022-09-20
Capital Gain Dividends
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
26,998
80,360
-53,362
b
2,936,171
3,344,626
-408,455
c
29,846
330
29,516
d
30,290
3,339
26,951
e
25,919
7,446
18,473
38,735
9,730
29,005
46,880
23,371
23,509
21,570
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
-53,362
b
-408,455
c
29,516
d
26,951
e
18,473
29,005
23,509
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
-312,793
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
-53,362
Form
990-PF
(2022)
Page 4
Form 990-PF (2022)
Page
4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
1
4,485
b
All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
3
Add lines 1 and 2
...........................
3
4,485
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
4,485
6
Credits/Payments:
a
2022 estimated tax payments and 2021 overpayment credited to 2022
6a
6,800
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
3,000
d
Backup withholding erroneously withheld
..........
6d
7
Total credits and payments. Add lines 6a through 6d
..............
7
9,800
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2221 is attached.
8
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
5,315
11
Enter the amount of line 10 to be:
Credited to 2023 estimated tax
5,315
Refunded
11
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
(2)
On foundation managers.
$
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
.........
4a
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XIV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
MA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2022)
Page 5
Form 990-PF (2022)
Page
5
Part VI-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
N/A
14
The books are in care of
Baldwin Brothers LLC
Telephone no.
(508) 748-1611
Located at
204 Spring Street
Marion
MA
ZIP+4
02738
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
...........
1a(1)
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
..............................
1a(2)
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
...........
1a(3)
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
............
1a(4)
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
......................
1a(5)
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
...............
1a(6)
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
..........
1b
No
c
Organizations relying on a current notice regarding disaster assistance check here
........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022?
.............
1d
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?
....................
2a
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
..............................
3a
No
b
If "Yes," did it have excess business holdings in 2022 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.)
.....................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022?
..
4b
No
Form
990-PF
(2022)
Page 6
Form 990-PF (2022)
Page
6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
..........
5a(1)
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
....................
5a(2)
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
.............
5a(3)
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
........................
5a(4)
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.............
5a(5)
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
........
5b
c
Organizations relying on a current notice regarding disaster assistance check
.........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
.................
5d
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.............................
6a
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
.....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.........................
8
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
ERIC H STRAND
Trustee
0.00
0
PO BOX 1031
MARION
,
MA
02738
Michelle ADESSO
Trustee
0.00
0
798 DIVISION STREET
S DARTMOUTH
,
MA
02748
AMY S VAN SLOUN
Trustee
0.00
0
9601 TEAKWOOD LANE N
MAPLE GROVE
,
MN
55369
JOSEPH VAN SLOUN
Executive Direc
10.00
30,000
3527 JIDANA LANE
MINNETONKA
,
MN
55345
DAVID B TITUS
Trustee
0.00
0
PO Box 1219
MARION
,
MA
02738
EVERETT M DAVIS
Trustee
0.00
0
1961 White Feather Lane
Nokomis
,
FL
34275
NANCY VAN SLOUN
Trustee
0.00
0
30 WEST POINT DRIVE
TONKA BAY
,
MN
55331
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
NONE
Total
number of other employees paid over $50,000
...................
Form
990-PF
(2022)
Page 7
Form 990-PF (2022)
Page
7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
NONE
Total
number of others receiving over $50,000 for professional services
.............
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
2
3
4
Part VIII-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
Form
990-PF
(2022)
Page 8
Form 990-PF (2022)
Page
8
Part IX
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
13,078,818
b
Average of monthly cash balances
.......................
1b
866,709
c
Fair market value of all other assets (see instructions)
................
1c
4,838,000
d
Total
(add lines 1a, b, and c)
.........................
1d
18,783,527
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
3
Subtract line 2 from line 1d
.........................
3
18,783,527
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions)
.............................
4
281,753
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3.
............
5
18,501,774
6
Minimum investment return.
Enter 5% (0.05) of line 5
................
6
925,089
Part X
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part IX, line 6
..................
1
925,089
2a
Tax on investment income for 2022 from Part V, line 5
.......
2a
4,485
b
Income tax for 2022. (This does not include the tax from Part V.)
...
2b
c
Add lines 2a and 2b
............................
2c
4,485
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
920,604
4
Recoveries of amounts treated as qualifying distributions
................
4
5
Add lines 3 and 4
............................
5
920,604
6
Deduction from distributable amount (see instructions)
.................
6
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1
...
7
920,604
Part XI
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
1,021,070
b
Program-related investments—total from Part VIII-B
..................
1b
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part XII, line 4.
.......
4
1,021,070
Form
990-PF
(2022)
Page 9
Form 990-PF (2022)
Page
9
Part XII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2021
(c)
2021
(d)
2022
1
Distributable amount for 2022 from Part X, line 7
920,604
2
Undistributed income, if any, as of the end of 2022:
a
Enter amount for 2021 only
.......
11,862
b
Total for prior years:
20
,
20
,
20
3
Excess distributions carryover, if any, to 2022:
a
From 2017
......
b
From 2018
......
c
From 2019
......
d
From 2020
......
e
From 2021
......
f
Total
of lines 3a through e
........
4
Qualifying distributions for 2022 from Part
XI, line 4:
$
1,021,070
a
Applied to 2021, but not more than line 2a
11,862
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2022 distributable amount
.....
920,604
e
Remaining amount distributed out of corpus
88,604
5
Excess distributions carryover applied to 2022.
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
88,604
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
e
Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
f
Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
8
Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions)
...
9
Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a
......
88,604
10
Analysis of line 9:
a
Excess from 2018
....
b
Excess from 2019
....
c
Excess from 2020
....
d
Excess from 2021
....
e
Excess from 2022
....
88,604
Form
990-PF
(2022)
Page 10
Form 990-PF (2022)
Page
10
Part XIII
Private Operating Foundations
(see instructions and Part VI-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling
......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2022
(b)
2021
(c)
2020
(d)
2019
b
85% (0.85) of line 2a
.........
c
Qualifying distributions from Part XI,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed
..
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Joseph Van Sloun
3527 Jidana Lane
Minnetonka
,
MN
55345
(952) 938-6088
b
The form in which applications should be submitted and information and materials they should include:
Letter requesting funds
c
Any submission deadlines:
None
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
None
Form
990-PF
(2022)
Page 11
Form 990-PF (2022)
Page
11
Part XIV
Supplementary Information
(continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
Connecticut College
270 Mohegan Ave
New London
,
CT
06320
NONE
PC
Ann C Wheeler Endowment
1,000
Johnson Wales University
8 Abbott Park Place
Providence
,
RI
02903
NONE
PC
Scholarship
1,000
University of Rhode Island
45 Upper College Rd
Kingston
,
RI
02881
NONE
PC
Scholarship
1,000
DUCKS UNLIMITED
One Waterfowl Way
Memphis
,
TN
38120
NONE
Public
UNRESTRICTED
25,000
MONTANA STATE UNIVERSITY FND
PO Box 173150
Bozeman
,
MT
59717
NONE
PC
Horticultural Department
4,000
BEREA COLLEGE
101 Chestnut Street
Berea
,
KY
40403
NONE
PC
UNRESTRICTED
20,000
Westport River Watershed Alliance
1151 Main Road
Westport
,
MA
02790
NONE
Public
UNRESTRICTED
10,000
FRONTIER NURSING
195 School Street
Hyden
,
KY
41749
NONE
PC
UNRESTRICTED
10,000
Minnesota State Horticultural Socie
2705 Lincoln Dr
Roseville
,
MN
55113
NONE
Public
UNRESTRICTED
700
NEADS
305 Redemption Rock Trail
Princeton
,
MA
01541
NONE
Public
UNRESTRICTED
5,000
FRIENDS ACADEMY
1088 Tucker Road
North Dartmouth
,
MA
02747
NONE
Public
Girls Sports Programand Literacy Development, $10,000 each
20,000
Perkins School for the Blind
175 N Beacon St
Watertown
,
MA
02472
NONE
Public
UNRESTRICTED
20,000
Alice Lloyd College
100 Purpose Road
Pippa Passes
,
KY
41844
NONE
PC
UNRESTRICTED
55,000
Fred Hutchinson Cancer Research Cen
1100 Fairview Ave N
Seattle
,
WA
98109
NONE
Public
UNRESTRICTED
50,000
BOWDOIN COLLEGE
5000 South St
Brunswick
,
ME
04011
NONE
PC
UNRESTRICTED
2,500
TABOR ACADEMY
Front Street
Marion
,
MA
02738
NONE
PC
UNRESTRICTED
6,250
Faxon Animal Care Adoption
474 Durfee Street
Fall River
,
MA
02720
NONE
Public
UNRESTRICTED
40,000
Trustees University of Pennsylvania
3451 Walnut Street
Philadelphia
,
PA
19104
NONE
Public
UNRESTRICTED
150,000
Minnesota Landscape Arboretum Found
3675 Arboretum Drive
Chaska
,
MN
55318
None
Public
Unrestricted
28,800
Massachusetts Audubon Society
208 S Great Road
Lincoln
,
MA
01773
None
PC
Unrestricted
20,000
BLITHEWOLD INC
101 Ferry Road
Bristol
,
RI
02809
None
Public
Unrestricted
20,000
Bentley University
175 Forest Street
Waltham
,
MA
02452
None
PC
Unrestricted
1,000
Camp Sunshine
35 Acadia Road
Casco
,
ME
04015
None
Public
Unrestricted
10,000
New England Aquarium
1 Central Wharf
Boston
,
MA
02110
None
PC
Unrestricted
10,000
America's Vet Dogs
371 East Jericho Turnpike
Smithtown
,
NY
11787
None
Public
Unrestricted
20,000
Nativity Preparatory School
1515 Linden St
Wilmington
,
DE
19805
None
PC
Unrestricted
20,000
University of Massachusetts Amherst
134 Hicks Way
Amherst
,
MA
01003
None
PC
Scholarship
1,000
University of Minnesota
200 Oak Street SE Suite 500
Minneapolis
,
MN
55455
None
PC
Scholarship
1,000
University of Minnesota Foundation
1365 Gortner Avenue
St Paul
,
MN
55108
None
Public
Scholarship
130,000
Dana Hall School
45 Dana Road
Wellesley
,
MA
02482
None
PC
Unrestricted
1,750
Elizabeth Taber Library
8 Spring Street
Marion
,
MA
02738
None
PC
Unrestricted
250
Hmong American Farmers Association
941 Lafond Avenue West Suite 100
Saint Paul
,
MN
55104
None
PC
Unrestricted
1,000
Community Nurse Home Care
62 Center Street
Fairhaven
,
MA
02719
None
PC
Unrestricted
250
EducateMe Inc
1613 E Street SE
Washington
,
DC
20003
None
PC
Unrestricted
1,000
Chaska Historical Society
112 W 4th St
Chaska
,
MN
55318
None
PC
Unrestricted
500
Horticultural Research Institute
525 9th St NW
Washington
,
DC
20004
None
PC
Unrestricted
1,000
Star Kids of New Bedford
PO Box 50494
New Bedford
,
MA
02745
None
PC
Unrestricted
20,000
Animal Rescue League of Fall River
474 Durfee Street
Fall River
,
MA
02720
None
PC
In support of League's 2017 use
20,000
Open Arms of Minnesota
2500 Bloomington Ave
Minneapolis
,
MN
55404
None
PC
Unrestricted
5,000
Care Ring Inc
601 5th Street Suite 140
Charlotte
,
NC
28202
None
PC
Unrestricted
1,500
NAMI New Hampshire
85 North State Street
Concord
,
NH
03301
None
PC
Unrestricted
1,500
Northeastern University
360 Huntington Avenue
Boston
,
MA
02115
None
PC
Scholarship
1,000
Easterseals of Southwest Florida
350 Braden Avenue
Sarasota
,
FL
34243
None
PC
Unrestricted
26,000
Lloyd Center for the Environment
430 Potomska Road
South Dartmouth
,
MA
02748
None
PC
Unrestricted
5,000
Clinic for the Rehabilitation of Wi
3883 Sanibel Captiva Road
Sanibel
,
FL
33957
None
PC
Unrestricted
10,000
Audobon Minnesota
2355 Highway 36 West Suite 400
Roseville
,
MN
55113
None
PC
Unrestricted
15,000
EVkids Inc
218 Adams Street
Boston
,
MA
02122
None
PC
Unrestricted
5,000
SouthCoast Community Foundation
128 Union Street 403
New Bedford
,
MA
02740
None
PC
Unrestricted
50,000
Meeting Street
1000 Edy Street 4739
Providence
,
RI
02905
None
PC
The Schwartz School
5,000
Brigham Women's Hospital
75 Francis Street
Boston
,
MA
02115
None
PC
Tai Chi Mind Body Program
3,000
Damien's Place The Family Pantry
3065 Cranberry Hwy B20
East Wareham
,
MA
02538
None
PC
Unrestricted
20,000
ICA Food Shelf
12990 St Davids Road
Minnetonka
,
MN
55305
None
PC
Unrestricted
3,000
Trustees of Tufts University
419 Boston AveBallou Hall 4th Flr
Medford
,
MA
02155
None
PC
Unrestricted
10,000
Our Sisters' School
145 Brownell Avenue
New Bedford
,
MA
02740
None
PC
Unrestricted
20,000
Cross Services
12915 Weinand Circle
Rogers
,
MN
55374
None
PC
Unrestricted
10,000
Feed My Starving Children
401 93rd Avenue NW
Coon Rapids
,
MN
55433
None
PC
Unrestricted
2,000
Intern'l Rescue Committee
122 East 42nd Street
New York
,
NY
10168
None
PC
Unrestricted
1,000
University of Kentucky
410 Administration Dr
Lexington
,
KY
40506
None
PC
Scholarship
1,000
St Olaf College
1520 St Olaf Avenue
Northfield
,
MN
55057
None
PC
Schlorship
1,000
BCC
777 Elsbree St
Fall River
,
MA
02720
None
PC
Scholarship
1,000
National Eagle Center
50 Pembroke Ave
Wabasha
,
MN
55981
None
PC
Unrestricted
10,000
World Central Kitchen
200 Mass Ave 7th Floor
Wasington
,
DC
20001
None
PC
Unrestricted
7,000
ShelterBox USA
101 Innovation Place
Santa Barbara
,
CA
93108
None
PC
Unrestricted
7,000
Fairhaven Animal Shelter
200 Bridge St
Fairhaven
,
MA
02719
None
PC
Unrestricted
5,000
American Friends of the University
500 Fifth Avnue 32nd Floor
New York
,
NY
10110
None
PC
Scholarship
10,000
Comm of Massachusetts
251 Causeway Street Suite 600
Boston
,
MA
02114
None
GOV
Unrestricted
21,000
Hunmane Society Shelter South
31 Ventura Dr
North Dartmouth
,
MA
02747
None
PC
Unrestricted
5,000
Total
.................................
3a
991,000
b
Approved for future payment
Total
.................................
3b
Form
990-PF
(2022)
Page 12
Form 990-PF (2022)
Page
12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
4
Dividends and interest from securities
....
14
219,779
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
16
180,289
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
18
-313,677
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
86,391
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
86,391
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2022)
Page 13
Form 990-PF (2022)
Page
13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
2023-10-31
May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Joseph L McArdle Jr CPA
Preparer's Signature
Date
Check if self-
employed
PTIN
P00146401
Firm's name
BENOIT & MCARDLE PC
Firm's EIN
26-1543765
Firm's address
240 WAREHAM RD - P O BOX 1037
MARION
,
MA
02738
Phone no.
(508) 748-1611
Form
990-PF
(2022)
Additional Data
Software ID:
22015553
Software Version:
2022v5.0
Form 990PF - Special Condition Description:
Special Condition Description