Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
ROYALE B AND ELEANOR M ARVIG MEMORIAL SCHOLARSHIP
 
Number and street (or P.O. box number if mail is not delivered to street address)160 SECOND AVE SW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PERHAM, MN56573
A Employer identification number

41-1574208
B Telephone number (see instructions)

C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,130,606J Accounting method:
 
(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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 108,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 292 292 292
4 Dividends and interest from securities... 10,236 10,236 10,236
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 38,826
b Gross sales price for all assets on line 6a 99,248
7 Capital gain net income (from Part IV, line 2)... 38,826
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........ 157,354 49,354 10,528
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 693 693    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 30 30    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 723 723   0
25 Contributions, gifts, grants paid....... 86,250 86,250
26 Total expenses and disbursements. Add lines 24 and 25 86,973 723   86,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 70,381
b Net investment income (if negative, enter -0-) 48,631
c Adjusted net income (if negative, enter -0-)... 10,528
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 909 911 911
2 Savings and temporary cash investments......... 392,473 56,999 56,999
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 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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 475,186 Click to see attachment881,011 1,072,696
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 868,568 938,921 1,130,606
Liabilities 17 Accounts payable and accrued expenses..........    
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 bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 868,568 938,921
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 868,568 938,921
30 Total liabilities and net assets/fund balances (see instructions). 868,568 938,921
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
868,568
2
Enter amount from Part I, line 27a .....................
2
70,381
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
938,949
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
28
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
938,921
Form 990-PF (2020)
Form 990-PF (2020)
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 MUTUAL FUNDS CAPITAL GAINS P 2015-01-01 2020-12-31
b MUTUAL FUNDS CAPITAL GAINS P 2015-01-01 2020-12-31
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 63,825   60,422 3,403
b 35,423     35,423
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       3,403
b       35,423
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 38,826
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 676
c All other domestic foundations enter 1.39% 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 0
3 Add lines 1 and 2........................... 3 676
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 676
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a  
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  
8 Enter any penalty for underpayment of estimated tax. Check here 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 9 676
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 2021 estimated taxBullet   RefundedBullet 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 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. 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)
    bullet
    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
     
     
    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 2020 or the taxable year beginning in 2020? See the 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
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-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 addressbullet  
    14
    The books are in care ofbulletALLEN ARVIG Telephone no.bullet (218) 346-4227

    Located atbullet150 2ND ST SWPERHAMMN ZIP+4bullet56573
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16    
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    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 instructions ........
    1b
     
     
    ........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 2020?.............
    1c
     
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-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))?
    (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 4945(d)(4)(A)? 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
     
     
    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? .................
    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
    ALLEN ARVIG PRESIDENT
    0.00     		0 0 0
    160 SECIOND AVE SW
    PERHAM,MN56573
    DAVID ARVIG DIRECTOR
    0.00     		0 0 0
    160 SECOND AVE SW
    PERHAM,MN56573
    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 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    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.............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 SCHOLARSHIP PAYMENTS 86,250
    2  
    3  
    4  
    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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    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
    935,070
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    935,070
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    935,070
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    14,026
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    921,044
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    46,052
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    46,052
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    676
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    676
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    45,376
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    45,376
    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
    45,376
    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
    86,250
    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
    86,250
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    86,250
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 45,376
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 43,890
    b From 2016...... 53,289
    c From 2017...... 51,935
    d From 2018...... 56,365
    e From 2019...... 53,523
    fTotal of lines 3a through e........ 259,002
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 86,250
    a Applied to 2019, but not more than line 2a  
    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 2020 distributable amount..... 45,376
    e Remaining amount distributed out of corpus 40,874
    5 Excess distributions carryover applied to 2020.    
    (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 5 299,876
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		43,890
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		255,986
    10 Analysis of line 9:
    a Excess from 2016.... 53,289
    b Excess from 2017.... 51,935
    c Excess from 2018.... 56,365
    d Excess from 2019.... 53,523
    e Excess from 2020.... 40,874
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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 foundation 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).)
    NONE
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    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
    DYLAN BENTFIELD
    49212 440TH ST
    Sauk Centre,MN56378     		NONE   SCHOLARSHIP 750
    JAKOB BERG
    PO BOX 742
    Hawley,MN56549     		NONE   SCHOLARSHIP 750
    KAIA BROOKS
    1540 COUNTY HWY 36
    Twin Valley,MN56584     		NONE   SCHOLARSHIP 750
    TAYLOR COOLEY
    40706 560TH AVE
    New York Mills,MN56567     		NONE   SCHOLARSHIP 750
    ALYSHA DYKHOFF
    50954 TAMARACK ROAD
    Wadena,MN56482     		NONE   SCHOLARSHIP 750
    AUSTIN EVENSON
    20338 247TH AVE
    LONG PRAIRIE,MN56347     		NONE   SCHOLARSHIP 750
    FAITH FORCIER
    63991 330TH ST
    Watkins,MN55389     		NONE   SCHOLARSHIP 750
    MARISSA GEYER
    49915 220TH ST
    Henning,MN56551     		NONE   SCHOLARSHIP 750
    TYLER HAGEN
    144 CEDAR POINT
    Redwood Falls,MN56283     		NONE   SCHOLARSHIP 750
    ERIC HUUS
    12980 CAROW CIRCLE
    Perham,MN56573     		NONE   SCHOLARSHIP 750
    PAUL JENSON
    32047 CO ROAD 101
    Lake Park,MN56554     		NONE   SCHOLARSHIP 750
    GRACIE JOHNSON
    1395 290TH ST
    Borup,MN56519     		NONE   SCHOLARSHIP 750
    LOGAN KNORR
    12790 CTY HWY 30
    Pelican Rapids,MN56572     		NONE   SCHOLARSHIP 750
    BEN LIEBL
    20512 BECKER LAKE CIRCLE
    Richmond,MN56368     		NONE   SCHOLARSHIP 750
    BROOKLYN LOXTERCAMP
    31172 CO RD 7
    Melrose,MN56352     		NONE   SCHOLARSHIP 750
    ANDRE SCHAUM
    26281 GREEN ACRES AVE
    Osage,MN56570     		NONE   SCHOLARSHIP 750
    GRACE SCHULBERG
    326 PARKVIEW STREET
    Detroit Lakes,MN56501     		NONE   SCHOLARSHIP 750
    TREVOR SLOAN
    203 STIER LANE
    Grand Meadow,MN55936     		NONE   SCHOLARSHIP 750
    ANNA SMITH
    PO BOX 273
    Glyndon,MN56547     		NONE   SCHOLARSHIP 750
    ABILGAIL STROUP
    2500 WILD FLOWER WAY SE
    ALEXANDRIA,MN56308     		NONE   SCHOLARSHIP 750
    HALEY WARREN
    37245 CTY RD 158
    Ogema,MN56569     		NONE   SCHOLARSHIP 750
    JENA BACKES
    PO BOX 137
    Osakis,MN56360     		NONE   SCHOLARSHIP 750
    LUCAS BURNETTE
    504 W ADAMS AVE
    Mahnomen,MN56557     		NONE   SCHOLARSHIP 750
    ISAAC COURNEYA
    301 W LOONEY LANE
    Vergas,MN56587     		NONE   SCHOLARSHIP 750
    BRYANNAN COVINGTON
    46180 515TH AVE
    Perham,MN56573     		NONE   SCHOLARSHIP 750
    KAYLA DREVLOW
    20135 181ST AVE
    Long Prairie,MN56347     		NONE   SCHOLARSHIP 750
    MEGAN EDELMAN
    24769 174TH ST
    Akeley,MN56433     		NONE   SCHOLARSHIP 750
    TRENTON FEDA
    514 SUMMIT ST E
    Battle Lake,MN56515     		NONE   SCHOLARSHIP 750
    KAITLYN GRUBER
    17130 CTY ROAD 9
    Richmond,MN56368     		NONE   SCHOLARSHIP 750
    AUSTIN HABEDANK
    501 MAINE AVE E
    Twin Valley,MN56584     		NONE   SCHOLARSHIP 750
    LYDIA HANSON
    48895 180TH ST
    Vining,MN56588     		NONE   SCHOLARSHIP 750
    WILLIAM HARREN
    38502 157TH AVE
    Eagle Bend,MN56446     		NONE   SCHOLARSHIP 750
    LUKE HEITMAN
    150TH AVE
    Ada,MN56510     		NONE   SCHOLARSHIP 750
    NICK HENDRICKX
    48776 380TH ST
    New York Mills,MN56567     		NONE   SCHOLARSHIP 750
    SAMANTHA KASTNER
    19655 PRIMROSE RD
    Miltona,MN56354     		NONE   SCHOLARSHIP 750
    MATTHEW KORING
    PO BOX 81
    Walker,MN56484     		NONE   SCHOLARSHIP 750
    GAVIN NELSON
    527 LINDEN LANE
    Sauk Centre,MN56378     		NONE   SCHOLARSHIP 750
    MACKENZIE OSTLIE
    30225 WING TRAIL
    Vergas,MN56587     		NONE   SCHOLARSHIP 750
    ISAAC PIZARRO
    20772 GLADIOLA DR
    Park Rapids,MN56470     		NONE   SCHOLARSHIP 750
    JAKE RAMES
    1909 HWY 9 S
    Glyndon,MN56547     		NONE   SCHOLARSHIP 750
    MASON THORNTON
    40109 220TH AVE
    Pelican Rapids,MN56572     		NONE   SCHOLARSHIP 750
    ZACHARY VAN BECK
    44348 BIRCH PARK TRAIL
    Grey Eagle,MN56336     		NONE   SCHOLARSHIP 750
    NICOLAS WARNE
    107 SE IVY ST
    Richmond,MN56368     		NONE   SCHOLARSHIP 750
    LINDY JONES
    14319 TODD LINE ROAD
    VERNDALE,MN56481     		NONE   SCHOLARSHIP 750
    AUSTIN YOUNGBERG
    48301 ST HWY 38
    MARCELL,MN56657     		NONE   SCHOLARSHIP 750
    TRENTON JOHNSON
    3310 173 AVE
    WAUBUN,MN56589     		NONE   SCHOLARSHIP 750
    EMILY MARTINSON
    44857 NITCHE LAKE RD
    PERHAM,MN56573     		NONE   SCHOLARSHIP 750
    ERICKA BOCK
    PO BOX 23
    FRANKLIN,MN55333     		NONE   SCHOLARSHIP 750
    STACY CHRISTIANSEN
    LOCAL
    BATTLE LAKE,MN56515     		NONE   SCHOLARSHIP 750
    ELLIE BALKEN
    312 4TH AVE NW
    DILWORTH,MN56529     		NONE   SCHOLARSHIP 750
    ISAAC EGGEBRAATEN
    15444 SUNSET HILL DR
    DETROIT LAKES,MN56501     		NONE   SCHOLARSHIP 750
    DEREK HETLAND
    PO BOX 340
    OSAKIS,MN56360     		NONE   SCHOLARSHIP 750
    KATELYN RINICKER
    47721 CO HWY 16
    HENNING,MN56551     		NONE   SCHOLARSHIP 750
    ISAAC WURST
    42002 165TH ST
    FRAZEE,MN56544     		NONE   SCHOLARSHIP 750
    LUKE KOSEL
    25932 PARK LANE
    OSAGE,MN56570     		NONE   SCHOLARSHIP 750
    LARISSA SCHOENBORN
    616 4TH ST NW
    MAHNOMEN,MN56557     		NONE   SCHOLARSHIP 750
    JOSEPH GILLIS
    25766 HUMMINGBIRD TRAIL
    LONG PRAIRIE,MN56347     		NONE   SCHOLARSHIP 750
    JACOB ANDERSON
    25781 150TH AVE
    LAKE PARK,MN56554     		NONE   SCHOLARSHIP 750
    MAX GIZA
    1746 12TH ST NE
    STAPLES,MN56479     		NONE   SCHOLARSHIP 750
    NATHAN
    34897 717 AVE
    KIMBALL,MN553530368     		NONE   SCHOLARSHIP 750
    ISAAC STENE
    3649 20TH AVE
    GARY,MN56545     		NONE   SCHOLARSHIP 750
    JOHN BRANG
    36982 TONY ROAD 186
    SAUK CENTRE,MN56378     		NONE   SCHOLARSHIP 750
    MADDIE SCHROEDER
    213 N SUNSET AVE
    PARKERS PRAIRIE,MN56361     		NONE   SCHOLARSHIP 750
    BRAD DOCKENDORF
    14623 CTY RD
    WATKINS,MN55389     		NONE   SCHOLARSHIP 750
    JAYDEN EIS
    26116 GARDEN AVE
    WABASSO,MN56293     		NONE   SCHOLARSHIP 750
    CHARLES BAKKEN
    42476 225TH AVE
    STAPLES,MN56479     		NONE   SCHOLARSHIP 750
    MITCHELL IRLBECK
    19554 LASER AVE
    SANBORN,MN56083     		NONE   SCHOLARSHIP 750
    MICAH LINK
    4160 LITTLE BOY ROAD NE
    LONGVILLE,MN56655     		NONE   SCHOLARSHIP 750
    HENRY KESKITALO
    49599 CO HWY 54
    OTTERTAIL,MN56571     		NONE   SCHOLARSHIP 750
    JOHN MERILA
    25598 HILLVIEW ROAD
    NEVIS,MN56467     		NONE   SCHOLARSHIP 750
    GABRIELLE ROSS
    1024 SW 6TH ST
    WADENA,MN56482     		NONE   SCHOLARSHIP 750
    ALEXIS CUCHNA
    PO BOX 411
    EAGLE BEND,MN56446     		NONE   SCHOLARSHIP 750
    MITCHELL FULTON
    581 SOUTH ST
    WABASSO,MN56293     		NONE   SCHOLARSHIP 750
    JACOB WOLFE
    7707 FISHER POINT RD NW
    TWIN VALLEY,MN56584     		NONE   SCHOLARSHIP 750
    SARAH WENDT
    37656 STATE HWY 34
    DETROIT LAKES,MN56501     		NONE   SCHOLARSHIP 750
    GAGE GRUNST
    43590 ROUND LAKE DRIVE
    OTTERTAIL,MN56571     		NONE   SCHOLARSHIP 750
    BRADY SCHOLTEN
    526 SUMMIT ST E
    BATTLE LAKE,MN56515     		NONE   SCHOLARSHIP 750
    SAMANTHA OLSON
    56799 BUDS BARN ROAD
    PARKERS PRAIRIE,MN56361     		NONE   SCHOLARSHIP 750
    JENNA RACHEY
    44378 SAUK VIEW DRIVE
    SAUK CENTRE,MN56378     		NONE   SCHOLARSHIP 750
    GRANT JOHNSON
    36830 602ND AVE
    EDEN VALLEY,MN55329     		NONE   SCHOLARSHIP 750
    DEON ESTABO
    37086 337TH ST
    REDWOOD FALLS,MN56283     		NONE   SCHOLARSHIP 750
    TYLER REECE
    209 2ND ST
    HENNING,MN56551     		NONE   SCHOLARSHIP 750
    NATALIE WONTOR
    356 180TH AVE
    ERHARD,MN56534     		NONE   SCHOLARSHIP 750
    HAYDEN CHRISTIANSON
    19412 APPALOOSA LOOP
    PELICAN RAPIDS,MN56572     		NONE   SCHOLARSHIP 750
    MORGAN SCHMITZ
    16960 CO HWY 103
    LAKE PARK,MN56554     		NONE   SCHOLARSHIP 750
    SHEA OLSON
    12294 DABBLER ROAD
    OSAKIS,MN56360     		NONE   SCHOLARSHIP 750
    HANNAH BRUNELLE
    POB 273
    CASS LAKE,MN56633     		NONE   SCHOLARSHIP 750
    NATHAN DALLENBACH
    15757 200TH ST
    WALNUT GROVE,MN56180     		NONE   SCHOLARSHIP 750
    KENDRA COBORN
    54725 SUNSET STREET
    OSAGE,MN56570     		NONE   SCHOLARSHIP 750
    HALEY COURNEYA
    301 W LOONEY LANE
    VERGAS,MN56587     		NONE   SCHOLARSHIP 750
    TUCKER STRASELL
    31610 SW PICKEREL LAKE ROAD
    DETROIT LAKES,MN56501     		NONE   SCHOLARSHIP 750
    ASHLEY HERR
    54952 INDUSTRIAL PK RD
    NEW YORK MILLS,MN56567     		NONE   SCHOLARSHIP 750
    SARA ARTLEY
    7657 FRONT STREET SW
    WALKER,MN56484     		NONE   SCHOLARSHIP 750
    COLTON CZECH
    68055 380TH STREET
    WATKINS,MN55389     		NONE   SCHOLARSHIP 3,000
    CHARLIE LIEN
    POB 7
    ULEN,MN56585     		NONE   SCHOLARSHIP 750
    MAX COURT
    23008 TURUTLE CREEK CR
    COLD SPRING,MN56320     		NONE   SCHOLARSHIP 750
    THOMAS AMAN
    12148 BAYBERRY DRIVE
    MENAHGA,MN56464     		NONE   SCHOLARSHIP 750
    TATE HOSETH
    1486 460TH STREET
    MAHNOMEN,MN56557     		NONE   SCHOLARSHIP 750
    COLE HOGDVET
    17060 190TH STREET N
    FELTON,MN56536     		NONE   SCHOLARSHIP 750
    COLLINS ADAMS
    3166 230TH AVE
    WAUBUN,MN56589     		NONE   SCHOLARSHIP 750
    CADE CAPPHAHN
    13387 150TH STREET
    WADENA,MN56482     		NONE   SCHOLARSHIP 750
    DEL ECKMAN
    711 DAKOTA AVE SE
    STAPLES,MN56479     		NONE   SCHOLARSHIP 750
    COREY RINGSAKER
    2127 280THST N
    HAWLEY,MN56549     		NONE   SCHOLARSHIP 750
    LOGAN KETTNER
    1326 230TH STREET
    MAHNOMEN,MN56557     		NONE   SCHOLARSHIP 750
    MADISON STOUT
    65148 230TH STREET
    DEXTER,MN55926     		NONE   SCHOLARSHIP 750
    JAKE PUNDSAKE
    43649 CO RD 127
    MELROSE,MN56352     		NONE   SCHOLARSHIP 750
    ERIN OBRIEN
    4931 DELLWOOD ROAD
    SOUTH HAVEN,MN55382     		NONE   SCHOLARSHIP 750
    COURNEY SAND
    210 17TH AVE S
    COLD SPRING,MN56320     		NONE   SCHOLARSHIP 750
    CLAIRE BREITENFELDT
    22437 CTY 36
    LONG PRAIRIE,MN56347     		NONE   SCHOLARSHIP 750
    BRADY FORBROOK
    201 ADAMS STREET
    MORGAN,MN56266     		NONE   SCHOLARSHIP 750
    JARED BRAINARD
    204 6TH STREET WEST
    ADA,MN56510     		NONE   SCHOLARSHIP 750
    ALLIE CRITCHLEY
    1310 4TH AVE NE
    DILWORTH,MN56529     		NONE   SCHOLARSHIP 750
    Total .................................bullet 3a 86,250
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    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....          
    3 Interest on savings and temporary cash
    investments ...........     		        292
    4 Dividends and interest from securities....         10,237
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    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)..     10,529
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    10,529
    (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 (2020)
    Form 990-PF (2020)
    Page 13
    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 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? ...........
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    ROYALE B AND ELEANOR M ARVIG MEMORIAL SCHOLARSHIP
     
    Employer identification number

    41-1574208
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    ROYALE B AND ELEANOR M ARVIG MEMORIAL SCHOLARSHIP
          		Employer identification number
    41-1574208
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    EAST OTTER TAIL TELEPHONE CO
    160 SECOND AVE SW
     
    PERHAM, MN56573

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    TWIN VALLEY-ULEN TELEPHONE CO
    204 MAIN AVE W
     
    TWIN VALLEY, MN56584

    		$ 12,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    TEKSTAR COMMUNICATIONS
    150 SECOND ST SW
     
    PERHAM, MN56573

    		$ 27,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    LORETEL CABLEVISION
    13 4TH AVE E
     
    ADA, MN56510

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    MELROSE TELEPHONE COMPANY
    224 E MAIN ST
     
    MELROSE, MN56352

    		$ 18,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    REDWOOD COUNTY TELEPHONE
    731 MAIN STREET
     
    WABASSO, MN56293

    		$ 9,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    ROYALE B AND ELEANOR M ARVIG MEMORIAL SCHOLARSHIP
          		Employer identification number

    41-1574208
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    ROYALE B AND ELEANOR M ARVIG MEMORIAL SCHOLARSHIP
          		Employer identification number

    41-1574208
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 InvestmentsOtherSchedule2
    Name:
    ROYALE B AND ELEANOR M ARVIG MEMORIAL SCHOLARSHIP
    EIN:
    41-1574208
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    JP MORGAN CHASE AND CO   50,000 50,455
    AMERICAN EXPRESS   40,101 44,386
    ISHARES CORE S&P   198,208 229,294
    JP MORGAN TR 1   143,831 160,579
    OPPENHEIMER INTERNATIONAL   142,015 156,760
    USBANKCORP   28,361 28,490
    JP MORGAN TR II   138,838 259,036
    FMI FUNDS INC   0 0
    MORGAN STANLEY   50,000 50,000
    WELLS FARGO BANK   50,000 50,944
    MORGAN CHASE   39,657 42,752

    TY 2020 OtherDecreasesSchedule
    Name:
    ROYALE B AND ELEANOR M ARVIG MEMORIAL SCHOLARSHIP
    EIN:
    41-1574208
    Description Amount
    INVESTMENT ADJUSTMENTS 28


    TY 2020 OtherExpensesSchedule
    Name:
    ROYALE B AND ELEANOR M ARVIG MEMORIAL SCHOLARSHIP
    EIN:
    41-1574208
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 30 30 0 0


    TY 2020 TaxesSchedule
    Name:
    ROYALE B AND ELEANOR M ARVIG MEMORIAL SCHOLARSHIP
    EIN:
    41-1574208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FED EXCISE TAX 693 693 0 0