Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
LLOYD K JOHNSON FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)130 WEST SUPERIOR STREETROOM/SUITE 520Room/suite
City or town, state, and ZIP code
DULUTH, MN55802
A Employer identification number

51-0180842
B Telephone number (see instructions)

(218) 726-9000
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$19,999,830J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 150
2 Check bullet
3 Interest on savings and temporary cash investments 56,131 50,525  
4 Dividends and interest from securities...... 387,693 387,693  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 250,669
b Gross sales price for all assets on line 6a 4,445,667
7 Capital gain net income (from Part IV, line 2)... 250,669
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........ 694,643 688,887  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 100,410 25,103   75,307
14 Other employee salaries and wages...... 14,184 3,546   10,638
15 Pension plans, employee benefits....... 22,055 5,515   16,540
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,925 1,731   5,194
c Other professional fees (attach schedule).... Click to see attachment 51,612 51,612    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 1,833      
19 Depreciation (attach schedule) and depletion... Click to see attachment 711    
20 Occupancy.............. 11,995 2,999   8,996
21 Travel, conferences, and meetings....... 1,328 332   996
22 Printing and publications.......... 1,299 325   974
23 Other expenses (attach schedule)....... Click to see attachment 9,537 2,379   7,158
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 221,889 93,542   125,803
25 Contributions, gifts, grants paid........ 863,034 911,157
26 Total expenses and disbursements. Add lines 24 and 25 1,084,923 93,542   1,036,960
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -390,280
b Net investment income (if negative, enter -0-) 595,345
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
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
Assets 1 Cash—non-interest-bearing............... 112,419 66,703 66,703
2 Savings and temporary cash investments.......... 27,405 10,071 10,071
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 1,037 4,504 4,504
10a Investments—U.S. and state government obligations (attach schedule) 1,343,258 Click to see attachment351,463 351,463
b Investments—corporate stock (attach schedule)........ 60,447 Click to see attachment60,447 60,447
c Investments—corporate bonds (attach schedule)........ 1,321,051 Click to see attachment406,855 406,855
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 440,855 Click to see attachment347,556 347,556
14 Land, buildings, and equipment: basis bullet13,285
Less: accumulated depreciation (attach schedule) bullet12,518 1,478 Click to see attachment767 767
15 Other assets (describe bullet) Click to see attachment15,693,270 Click to see attachment18,751,464 Click to see attachment18,751,464
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,001,220 19,999,830 19,999,830
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................... 75,708 57,700
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 bullet) Click to see attachment22 Click to see attachment3,146
23 Total liabilities (add lines 17 through 22).......... 75,730 60,846
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 18,925,490 19,938,984
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 18,925,490 19,938,984
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 19,001,220 19,999,830
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 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 18,925,490
2 Enter amount from Part I, line 27a..................... 2 -390,280
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,403,774
4 Add lines 1, 2, and 3.......................... 4 19,938,984
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 19,938,984
Form 990-PF (2012)
Form 990-PF (2012)
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 PUBLICLY TRADED SECURITIES P    
b
c
d
e
(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 4,396,748   4,194,998 201,750
b
c
d
e
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       201,750
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 250,669
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 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 932,956 19,551,358 0.047718
2010 982,309 18,585,240 0.052854
2009 749,954 17,186,867 0.043635
2008 1,047,453 18,804,394 0.055703
2007 927,368 20,003,995 0.046359
2 Total of line 1, column (d) ...................... 2 0.246269
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.049254
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 19,612,875
5 Multiply line 4 by line 3....................... 5 966,013
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,953
7 Add lines 5 and 6......................... 7 971,966
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,036,960
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 5,953
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% 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 5,953
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 5,953
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 5,280
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,280
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 673
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet   Refunded Bullet 11  
Part VII-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 page 19 of
the instructions for 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. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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 XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    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
    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
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletLLOYDKJOHNSONFOUNDATION.ORG
    14
    The books are in care ofbulletJOAN GARDNER-GOODNO Telephone no.bullet (218) 726-9000
    Located atbullet130 W SUPERIOR STSUITE 520DULUTHMN ZIP+4bullet55802
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?.................
    (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.).........
    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 page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    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 2012?.............
    1c
     
     
    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 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 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.
    bullet20, 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?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 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 2012.)....................
    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 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    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
     
     
    .........bullet
    c
    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?............
    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?........................
    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?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    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
    HEIDI JOHNSONClick to see attachment TRUSTEE
    2.00     		0 0 0
    620 NORTH 40TH AVENUE EAST
    DULUTH,MN55804
    DARRYL E COONSClick to see attachment TRUSTEE
    2.00     		0 0 0
    145 WAVERLY PLACE
    DULUTH,MN55803
    JOAN GARDNER-GOODNOClick to see attachment EXEC. DIR.
    40.00     		100,410 13,012 0
    5532 LESTER RIVER ROAD
    DULUTH,MN55804
    MARK C SMITHSONClick to see attachment PRES./CEO
    2.00     		0 0 0
    324 EAST PRESCOTT STREET
    DULUTH,MN55808
    SCOTT HARRISONClick to see attachment TREASURER/CF
    2.00     		0 0 0
    PO BOX 268
    LUTSEN,MN55612
    RUTH ANN EATONClick to see attachment TRUSTEE
    2.00     		0 0 0
    3728 GREYSOLON ROAD
    DULUTH,MN55804
    BILL HANSENClick to see attachment VICE PRESIDE
    2.00     		0 0 0
    BOX 2129
    TOFTE,MN55615
    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...................bullet  
    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
    NORTH SHORE INVESTMENTS & TRUST INVESTMENT 51,612
    131 WEST SUPERIOR STREET
    DULUTH,MN55802
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-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  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-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 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    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
    19,770,630
    b
    Average of monthly cash balances.......................
    1b
    54,534
    c
    Fair market value of all other assets (see instructions)................
    1c
    86,384
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,911,548
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    19,911,548
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    298,673
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    19,612,875
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    980,644
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    980,644
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    5,953
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,953
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    974,691
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    30,115
    5
    Add lines 3 and 4............................
    5
    1,004,806
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    1,004,806
    Part XII
    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
    1,036,960
    b
    Program-related investments—total from Part IX-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 V, line 8, and Part XIII, line 4
    4
    1,036,960
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    5,953
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,031,007
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 1,004,806
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 178,112
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007.......  
    b From 2008.......  
    c From 2009.......  
    d From 2010.......  
    e From 2011.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 1,036,960
    a Applied to 2011, but not more than line 2a 178,112
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 858,848
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2012.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    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 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		145,958
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2008....  
    b Excess from 2009....  
    c Excess from 2010....  
    d Excess from 2011....  
    e Excess from 2012....  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-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 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    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 X, 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 XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList 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).)
    bList 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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:
    JOAN GARDNER-GOODNO
    130 WEST SUPERIOR STREET
    SUITE 520
    DULUTH,MN55802
    (218) 726-9000
    bThe form in which applications should be submitted and information and materials they should include:
    SUBMIT "LETTER OF INTENT" (SEE WEBSITE) FOR CONSIDERATION BY STAFF - THEN SUBMIT MINNESOTA COMMON GRANT APPLICATION FORM OR "SHORT FORM" (SEE WEBSITE) IF INVITED TO APPLY. ADDITIONAL INFORMATION MAY BE REQUESTED BY FOUNDATION STAFF.
    cAny submission deadlines:
    JANUARY 15, APRIL 15, JULY 15, AND OCTOBER 15 OF EACH GRANT YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION ACCEPTS APPLICATIONS FROM ORGANIZATIONS LOCATED OR PROVIDING SERVICES WITHIN LAKE, COOK, AND SOUTHERN ST. LOUIS COUNTIES IN MINNESOTA. THE FOUNDATION'S AREAS OF INTEREST INCLUDE ARTS AND CULTURE, COMMUNITY AND ECONOMIC DEVELOPMENT, EDUCATION, ENVIRONMENT, AND SOCIAL WELFARE.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    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)
    aPaid during the year
    ARROWHEAD REGIONAL CORRECTIONS
    100 N 5TH AVE W 319
    DULUTH,MN55802     		    JUVENILE DETENTION ALTERNATIVES INIT 25,000
    CITY OF GRAND MARAIS-ACTIVE LIVING
    STEERING COMMITTEE
    15 N BROADWAY
    GRAND MARAIS,MN55604     		    PROGRAM SUPPORT 7,500
    CITY OF SILVER BAY-ECO INDUSTRIAL P
    7 DAVIS DR
    SILVER BAY,MN55614     		    SILVER BAY ECO PARK STARTUP 60,000
    DULUTH SUPERIOR SYMPHONY ORCHESTRA
    331 W SUPERIOR ST STE 100
    DULUTH,MN55802     		    MUSIC TO YOU PROGRAM 10,000
    THE DULUTH PLAYHOUSE
    506 W MICHIGAN ST
    DULUTH,MN55802     		    ASSIST WITH RENOVATING NEW SPACE 25,000
    ARROWHEAD CHORALE
    506 W MICHIGAN ST
    DULUTH,MN55802     		    PROGRAM SUPPORT 1,000
    COMMUNITY ACTION DULUTH
    2424 W 5TH ST 102
    DULUTH,MN55806     		    CIRCLES @ WORK/GETTING AHEAD PROGRAM 15,000
    CONSERVATION CORPS MINNESOTA
    60 PLATO BLVD E STE 210
    ST PAUL,MN55107     		    SUMMER YOUTH PROGRAM 10,000
    COOK COUNTY HIGHER EDUCATION
    501 W 5TH ST ROOM 105A
    GRAND MARAIS,MN55604     		    ACADEMIC WARRIOR PROJECT 30,000
    DULUTH ART INSTITUTE
    506 W MICHIGAN ST
    DULUTH,MN55802     		    PROGRAM SUPPORT 1,500
    DULUTH FESTIVAL OPERA
    222 EAST SUPERIOR ST STE
    DULUTH,MN55802     		    PROGRAM SUPPORT 1,950
    DULUTH PLANT-A-LOT COMMUNITY GARDEN
    206 W 4TH ST
    DULUTH,MN55806     		    GENERAL OPERATING SUPPORT 15,000
    FIRST WITNESS CHILD ABUSE RESOURCE
    4 W 5TH ST
    DULUTH,MN55806     		    SAFE AND STRONG CHILD PROGRAM 15,000
    HAWK RIDGE BIRD OBSERVATORY
    PO BOX 3006
    DULUTH,MN558033006     		    PROGRAM SUPPORT 14,295
    KIDS CLOSET
    2308 W 3RD ST
    DULUTH,MN55806     		    PROGRAM SUPPORT 1,950
    LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		    SCHOLARSHIPS 9,533
    LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		    SCHOLARSHIPS 20,725
    MINNESOTA COUNCIL OF NONPROFITS
    2314 UNIVERSITY AVE WEST
    ST PAUL,MN55114     		    CAPACITY BUILDING 5,000
    SUGARLOAF THE NORTH SHORE
    STEWARDSHIP ASSOCIATION
    6008 LONDON RD
    DULUTH,MN55804     		    CAPACITY BLDG FOR NS FOREST COLLABOR 16,500
    UNITED WAY OF GREATER DULUTH
    424 W SUPERIOR ST SUITE 4
    DULUTH,MN55802     		    PROGRAM SUPPORT 700
    DAMIANO CENTER
    206 W 4TH ST
    DULUTH,MN55806     		    SOUP KITCHEN SUPPORT 20,000
    DULUTH AREA FAMILY YMCA
    302 W 1ST ST
    DULUTH,MN55802     		    MENTOR DULUTH PROGRAM 20,000
    GIRL SCOUTS OF MN & WI LAKES & PINE
    424 W SUPERIOR ST STE G3
    DULUTH,MN55802     		    DULUTH OUTREACH TO GIRLS AT RISK 20,000
    HEALTHSHARE
    130 W SUPERIOR ST STE 700
    DULUTH,MN55802     		    GENERAL OPERATING SUPPORT 20,000
    LAKE SUPERIOR CHAMBER ORCHESTRA
    PO BOX 434
    DULUTH,MN558010434     		    2012 SUMMER CONCERT SEASON 5,000
    LITTLE TREASURES CENTER INC
    4002 LONDON RD
    DULUTH,MN55804     		    AIR CONDITIONING INSTALLATION 7,400
    NORTHERN BEDROCK CONSERVATION CORPS
    5165 NORTH SHORE DR
    DULUTH,MN55804     		    CAPACITY BUILDING 5,000
    NORTHERN LAKE COUNTY ARTS BOARD
    PO BOX 67
    SILVER BAY,MN55614     		    SCHOOL ART RESIDENCY PROGRAM 11,100
    TOWN OF TOFTE
    PO BOX 2293
    TOFTE,MN55615     		    ENGINEERING STUDY 29,000
    DULUTH AVIATION INSTITUTE
    5000 MINNESOTA AVE
    DULUTH,MN55802     		    PATH TO AVIATION-GILRUTH CONTINUUM 10,000
    DULUTH PUBLIC SCHOOLS-FAMILIES IN
    TRANSITION PROGRAM
    215 N 1ST AVE E
    DULUTH,MN55802     		    SPIRIT OF MOTHERING 20,000
    FRIENDS OF SAX-ZIM BOG
    P O BOX 3585
    DULUTH,MN55803     		    CAPACITY BUILDING 8,400
    LAKE SUPERIOR CENTER
    DBA GREAT LAKES AQUARIUM
    353 HARBOR DR
    DULUTH,MN55802     		    INTERACTIVE VIDEO CONFERENCING PROG 10,000
    LOCAL INITIATIVES SUPPORT CORP
    202 W SUPERIOR ST
    DULUTH,MN55802     		    DULUTH AT WORK PROGRAM 20,000
    LUTHERAN SOCIAL SERVICES
    424 W SUPERIOR ST STE 600
    DULUTH,MN55802     		    YOUTH-AT-RISK PROGRAM 20,000
    NORTH SHORE COMMUNITY SCHOOL
    5926 RYAN RD
    DULUTH,MN55804     		    PROGRAM EXPENSE 7,000
    NORTH SHORE VISITATION CENTER-
    THE VIOLENCE PREVENTION CENTER
    UNDISCLOSED
    GRAND MARAIS,MN55604     		    GENERAL OPERATING SUPPORT 12,000
    METAMORPHOSIS PROJECT LIFE
    1111 N 11TH AVE E
    DULUTH,MN55805     		    AFTER SCHOOL ACADEMIC PROGRAMS 5,000
    UMD-ENI-GIKENDAASOYANG
    412 LIBRARY DRIVE
    DULUTH,MN55812     		    MN INDIGENOUS YOUTH FREEDOM PROJECT 10,000
    COMMUNITY ACTION DULUTH
    2424 W 5TH ST STE 102
    DULUTH,MN55806     		    SEEDS OF SUCCESS OPERATING SUPPORT 10,000
    LIFE HOUSE INC
    102 W 1ST ST
    DULUTH,MN55802     		    WELLNESS PROGRAM 20,000
    LUTHERAN SOCIAL SERVICE OF MN
    2485 COMO AVE
    ST PAUL,MN55108     		    OPERATING SUPPORT 20,000
    MATINEE MUSICALE INC
    1727 E 1ST ST
    DULUTH,MN55812     		    CALMUS ENSEMBLE CONCERT 5,000
    MEN AS PEACEMAKERS
    205 W 2ND ST STE
    DULUTH,MN55802     		    DULUTH CHAMPION'S INITIATIVE 20,000
    PROGRAM FOR AID TO VICTIMS OF
    SEXUAL ASSAULT
    32 E 1ST ST
    DULUTH,MN55802     		    TRAFFICKING AWARENESS PROGRAM 25,000
    SAFE HAVEN SHELTER FOR
    BATTERED WOMEN
    PO BOX 3558
    DULUTH,MN55803     		    ORGANIZATION REBRANDING 10,000
    NATURE CONSERVANCY
    1101 W RIVER PKWY STE 200
    MINNEAPOLIS,MN55415     		    SUSTAINABILITY PROJECT 10,000
    TOFTE HISTORICAL SOCIETY
    PO BOX 2312
    TOFTE,MN55615     		    TIMBER STRUCTURE 6,000
    UNION GOSPEL MISSION
    219 E 1ST ST
    DULUTH,MN55802     		    PURCHASE FOOD 2012 PROGRAM 5,000
    VOYAGEURS AREA COUNCIL BOY SCOUTS
    3877 STEBNER RD
    HERMANTOWN,MN55811     		    GENERAL OPERATING SUPPORT 25,000
    WTIP NORTH SHORE COMMUNITY RADIO
    PO BOX 1005
    GRAND MARAIS,MN55604     		    COMMUNITY GARDEN ACCESS PROJECT 4,000
    BOYS & GIRLS CLUBS OF THE NORTHLAND
    102 S 29TH AVE W 200
    DULUTH,MN55816     		    GENERAL OPERATING SUPPORT 20,000
    COMPANIES TO CLASSROOMS DULUTH
    2307 W SUPERIOR ST
    DULUTH,MN55806     		    START UP COSTS 5,000
    DOMESTIC ABUSE AND INTERVENTION PRO
    202 E SUPERIOR ST
    DULUTH,MN55802     		    TRANSITIONS PROGRAM 25,000
    DULUTH CHILDREN'S MUSEUM INC
    115 S 29TH AVE W
    DULUTH,MN55806     		    GENERAL OPERATING SUPPORT 25,000
    DULUTH LIBRARY FOUNDATION
    520 W SUPERIOR ST
    DULUTH,MN55802     		    OUTDOOR FURNITURE 5,860
    GRANT COMMUNITY SCHOOL COLLABORATIV
    108 E 6TH ST
    DULUTH,MN55805     		    GENERAL OPERATING SUPPORT 25,000
    HARTLEY NATURE CENTER
    3001 WOODLAND AVE
    DULUTH,MN55803     		    EXTENSION TO CLASSROOM 11,580
    NORTHEAST ENTREPRENEUR FUND
    202 W SUPERIOR ST STE 311
    DULUTH,MN55802     		    GENERAL OPERATING SUPPORT 25,000
    NORTHSHORE AREA PARTNERS
    99 EDISON BLVD STE 21
    SILVER BAY,MN55614     		    GENERAL OPERATING SUPPORT 20,000
    ST LOUIS COUNTY HISTORICAL SOCIETY
    506 W MICHIGAN ST
    DULUTH,MN55801     		    VETERANS MEMORIAL HALL PROJECT 10,500
    SCHROEDER AREA HISTORICAL SOCIETY
    P O BOX 337
    SCHROEDER,MN55613     		    PROGRAM SUPPORT 1,500
    ST LOUIS RIVER ALLIANCE
    394 S LAKE AVE STE 321
    DULUTH,MN55802     		    PROGRAM SUPPORT 1,995
    LAKE SUPERIOR COLLEGE
    2101 TRINITY RD
    DULUTH,MN55811     		    PROGRAM SUPPORT 20
    BIRCH GROVE FOUNDATION
    P O BOX 2242
    TOFTE,MN55615     		    PROGRAM SUPPORT 1,750
    AMERICAN RED CROSS
    2524 MAPLE GROVE RD
    DULUTH,MN55811     		    PROGRAM SUPPORT 5,000
    COMMUNITY PARTNERS
    411 W 1ST ST
    DULUTH,MN55802     		    PROGRAM SUPPORT 1,905
    UNITED WAY OF GREATER DULUTH
    424 W SUPERIOR ST STE 402
    DULUTH,MN55802     		    PROGRAM SUPPORT 15,000
    CLAYTON JACKSON MCGHIE MEMORIAL
    PO BOX 3631
    DULUTH,MN55803     		    PROGRAM SUPPORT 1,999
    LAKE SUPERIOR YOUTH CHORUS
    2501 WOODLAND AVE
    DULUTH,MN55803     		    PROGRAM SUPPORT 1,995
    TWIN PORTS MINISTRY
    2024 W 3RD ST
    DULUTH,MN55806     		    PROGRAM SUPPORT 1,500
    Total .................................bullet 3a 911,157
    bApproved for future payment
    WOLF RIDGE ENVIRONMENTAL LEARNING
    6282 CRANBERRY RD
    FINLAND,MN55603     		    YEAR 3 ENVIRON SCI IMMERSION 7,700
    GUNFLINT TRAIL VOLUNTEER FIRE DEPT
    7401 GUNFLINT TRAIL
    GRAND MARAIS,MN55604     		    REMODELING/EXPANSION OF FIRE HALLS 50,000
    Total .................................bullet 3b 57,700
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-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.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 56,046 85
    4 Dividends and interest from securities....     14 387,693  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     14 250,669  
    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)..   694,408 85
    13Total. Add line 12, columns (b), (d), and (e)..................
    13694,493
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-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 (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    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
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    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) of the Code (other than section 501(c)(3)) or in section 527?...........
    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 or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN: 51-0180842
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 6,925 1,731   5,194

    TY 2012 CompensationExplanation
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN: 51-0180842
    Person Name Explanation
    HEIDI JOHNSON  
    DARRYL E COONS  
    JOAN GARDNER-GOODNO  
    MARK C SMITHSON  
    SCOTT HARRISON  
    RUTH ANN EATON  
    BILL HANSEN  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2012 DepreciationSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN: 51-0180842
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    OFFICE FURNITURE 2007-02-28 2,150 1,670 200DB 7.0000 192      
    OFFICE FURNITURE/HOM 2007-03-01 1,376 1,069 200DB 7.0000 123      
    ART WORK/UNDERWOOD PHOTOS 2007-06-01 300 233 200DB 7.0000 27      
    ART WORK/LIZZARD'S 2007-08-01 201 156 200DB 7.0000 18      
    COMPUTER 2007-03-01 2,972 2,801 200DB 5.0000 171      
    COMPUTER 2007-04-01 64 60 200DB 5.0000 4      
    COMPUTER 2007-05-01 170 160 200DB 5.0000 10      
    COMPUTER SOFTWARE 2007-06-01 260 245 200DB 5.0000 15      
    COMPUTER AND PRINTER 2009-11-18 2,221 1,842 200DB 5.0000 151      
    SHARP COPIER 2011-07-31 3,571 3,571 200DB 7.0000        

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN: 51-0180842
    Name of Bond End of Year Book Value End of Year Fair Market Value
    NORTH SHORE BANK OF COMMERCE ACCOUNT 406,855 406,855

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN: 51-0180842
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN HARDBOARD & NUPLY CORP. 60,447 60,447

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN: 51-0180842
    US Government Securities - End of Year Book Value:

    351,463
    US Government Securities - End of Year Fair Market Value:

    351,463
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2012 InvestmentsOtherSchedule2
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN: 51-0180842
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    NORTH SHORE BANK OF COMMERCE ACCOUNT FMV 347,556 347,556

    TY 2012 LandEtcSchedule2
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN: 51-0180842
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE FURNITURE & EQUIPMENT 13,285 12,518 767 767


    TY 2012 OtherAssetsSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN: 51-0180842
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    NORTH SHORE ACCT ACCRUED INCOME 36,828 26,761 26,761
    NORTH SHORE ACCT EQUITY MUTUAL FUNDS 10,867,659 12,228,912 12,228,912
    NORTH SHORE ACCT FIXED INCOME FUNDS 4,474,398 6,495,791 6,495,791
    NORTH SHORE ACCT MUNICIPAL BONDS 314,385    


    TY 2012 OtherExpensesSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN: 51-0180842
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BANK CHARGES 14 4   10
    DUES & MEMBERSHIPS 1,110 278   832
    INSURANCE 2,083 521   1,562
    PARKING EXPENSE 724 181   543
    PROMOTION & WEBSITE        
    OFFICE & POSTAGE 2,832 708   2,124
    TELEPHONE EXPENSE 2,749 687   2,062
    FILING FEE 25     25


    TY 2012 OtherIncreasesSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN: 51-0180842
    Description Amount
    UNREALIZED INVESTMENT GAINS 1,403,774


    TY 2012 OtherLiabilitiesSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN: 51-0180842
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL EXCISE TAX PAYABLE    
    ACCRUED PAYROLL TAXES 22 21
    ACCOUNTS PAYABLE   3,125


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN: 51-0180842
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY & CUSTODIAL 51,612 51,612    


    TY 2012 TaxesSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN: 51-0180842
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 1,833