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
KOTULA FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

47-5013037
B Telephone number (see instructions)

(651) 466-8640
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$3,048,488J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 45,647 45,647  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 618,920
b Gross sales price for all assets on line 6a 2,754,199
7 Capital gain net income (from Part IV, line 2)... 618,920
8 Net short-term capital gain......... 0
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........ 664,567 664,567  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,500 0 0 1,500
c Other professional fees (attach schedule).... Click to see attachment 20,473 18,425   2,047
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 972 234   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 25     25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,970 18,659 0 3,572
25 Contributions, gifts, grants paid....... 125,611 125,611
26 Total expenses and disbursements. Add lines 24 and 25 148,581 18,659 0 129,183
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 515,986
b Net investment income (if negative, enter -0-) 645,908
c Adjusted net income (if negative, enter -0-)... 0
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.............      
2 Savings and temporary cash investments......... 25,128 94,661 94,661
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 1,711,779 Click to see attachment1,116,797 1,288,106
c Investments—corporate bonds (attach schedule)....... 403,791 Click to see attachment165,040 171,807
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment1,286,972 1,493,305
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment7,118 Click to see attachment609 Click to see attachment609
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,147,816 2,664,079 3,048,488
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
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........ 2,147,816 2,664,079
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)..... 2,147,816 2,664,079
30 Total liabilities and net assets/fund balances (see instructions). 2,147,816 2,664,079
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
2,147,816
2
Enter amount from Part I, line 27a .....................
2
515,986
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
277
4
Add lines 1, 2, and 3 ..........................
4
2,664,079
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,664,079
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 9285.053 AMG TRILOGY EMERGING WEALTH EQUITY     2020-05-13
b 25000. BANK OF AMERICA MTN 2.625% 4/19/21   2019-07-19 2020-05-13
c 25000. GLAXOSMITHKLINE 2.850% 5/08/22   2019-07-19 2020-05-13
d 5230. MFC ISHARES TR MSCI EAFE INDEX FD   2016-02-04 2020-05-13
e 1400. ISHARES S&P SMALL CAP 600 INDEX FD   2018-05-30 2020-05-13
25000. ORACLE CORP 2.800% 7/08/21   2016-05-02 2020-05-13
10027.551 PRINCIPAL GL R E SEC INS   2016-05-06 2020-05-13
1564. SCHWAB US REIT ETF   2019-10-16 2020-05-13
25000. VISA INC 2.200% 12/14/20   2016-05-04 2020-05-13
25000. AMERICAN EXPRESS 2.600% 9/14/20   2016-05-02 2020-08-14
25000. JPMORGAN CHASE CO 2.550% 10/29/20   2016-05-03 2020-09-29
25000. BOEING CO 2.350% 10/30/21   2019-07-19 2020-10-14
25000. UNITED PARCEL 3.125% 1/15/21   2019-07-19 2020-10-14
25000. WELLS FARGO MTN 3.500% 3/08/22   2019-07-19 2020-10-14
671. AMG TRILOGY EMERGING WEALTH EQUITY   2016-04-29 2020-10-16
7886.435 FEDERATED INST HI YLD BD FD   2016-04-29 2020-10-16
741. ISHARES MSCI USA MIN VOLATILITY ETF   2020-05-13 2020-10-16
10149.331 OBERWIES INTERNATIONAL OPPS INSTL     2020-10-16
4055. STANDARD & POORS DEPOSITARY RECEIPTS     2020-10-16
625. TECHNOLOGY SELECT SECTOR S P D R   2020-05-13 2020-10-16
1792. MYLAN NV   2020-10-16 2020-11-17
800. AMG TRILOGY EMERGING WEALTH EQUITY   2016-04-29 2020-12-02
6. ALBEMARLE CORP   2020-10-16 2020-12-02
1. ALPHABET INC CL A   2020-10-16 2020-12-02
2. AMAZON COM INC COM   2020-10-16 2020-12-02
5. AMERICAN TOWER CORP   2020-10-16 2020-12-02
19. APPLE COMPUTER INC COM   2020-10-16 2020-12-02
63. BANK OF AMERICA CORP   2020-10-16 2020-12-02
34. BOEING COMPANY   2020-10-16 2020-12-02
21. CABOT OIL & GAS CORP CL A   2020-10-16 2020-12-02
23. CENTENE CORP COM   2020-10-16 2020-12-02
295. COLUMBIA SMALL CAP GROWTH I FUND   2020-10-16 2020-12-02
9. COPART INC COM   2020-10-16 2020-12-02
2. COSTCO WHSL CORP NEW COM   2020-10-16 2020-12-02
5. ECOLAB INC COM   2020-10-16 2020-12-02
5. EDWARDS LIFESCIENCES CORP COM   2020-10-16 2020-12-02
2. ELECTRONIC ARTS COM   2020-10-16 2020-12-02
5. FACEBOOK INC A   2020-10-16 2020-12-02
1. INTUIT INC COMMON STOCK   2020-10-16 2020-12-02
17. J P MORGAN CHASE & CO   2020-10-16 2020-12-02
18. MARATHON PETROLEUM CORP   2020-10-16 2020-12-02
2. MASTERCARD INC   2020-10-16 2020-12-02
14. MATCH GROUP INC NEW   2020-10-16 2020-12-02
16. MICROSOFT CORP   2020-10-16 2020-12-02
18. MICRON TECHNOLOGY INC COM   2020-10-16 2020-12-02
61. NUVEEN PREFERRED SECURITIES FUND   2016-04-29 2020-12-02
9. PAYPAL HOLDINGS INC   2020-10-16 2020-12-02
4. RINGCENTRAL INC   2020-10-16 2020-12-02
4. SALESFORCE COM INC   2020-10-16 2020-12-02
27. SCHWAB CHARLES CORP NEW COM   2020-10-16 2020-12-02
3. TECHNOLOGY SELECT SECTOR S P D R   2020-05-13 2020-12-02
1. SPLUNK INC   2020-10-16 2020-12-02
6. TARGET CORPORATION   2020-10-16 2020-12-02
1. TRADE DESK INC THE CLASS A   2020-10-16 2020-12-02
2. TRANSDIGM GROUP INC   2020-10-16 2020-12-02
10. TRANSUNION   2020-10-16 2020-12-02
2. TYLER TECHNOLOGIES INC   2020-10-16 2020-12-02
18. UNITEDHEALTH GROUP INC COM   2020-10-16 2020-12-02
50. VANGUARD INTL GRWTH FD CL ADM   2020-05-13 2020-12-02
73. VIATRIS INC   2020-10-16 2020-12-02
183. VIRTUS ZEVENBERGEN INNOVATIVE GROWTH   2020-10-16 2020-12-02
9. WAL MART STORES INC COM   2020-10-16 2020-12-02
7. MEDTRONIC PLC   2020-10-16 2020-12-02
4. APTIV PLC   2020-10-16 2020-12-02
5. CHUBB LTD   2020-10-16 2020-12-02
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
(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 98,700   85,786 12,914
b 25,403   25,069 334
c 25,987   25,300 687
d 294,048   286,092 7,956
e 81,803   117,245 -35,442
25,577   25,668 -91
77,413   92,755 -15,342
49,148   73,610 -24,462
25,215   25,324 -109
25,000   25,213 -213
25,000   25,160 -160
25,314   25,021 293
25,173   25,062 111
26,072   25,376 696
9,126   6,193 2,933
76,420   75,000 1,420
48,573   42,994 5,579
152,138   100,000 52,138
1,415,441   852,902 562,539
76,043   58,655 17,388
28,233   28,484 -251
11,896   7,384 4,512
814   564 250
1,827   1,571 256
6,450   6,685 -235
1,155   1,218 -63
2,327   2,281 46
1,819   1,529 290
7,390   5,718 1,672
365   406 -41
1,467   1,531 -64
9,434   8,694 740
1,025   1,059 -34
767   766 1
1,108   1,034 74
421   428 -7
258   264 -6
1,451   1,336 115
354   343 11
2,059   1,733 326
739   537 202
676   682 -6
1,960   1,550 410
3,427   3,533 -106
1,238   940 298
1,065   1,021 44
1,913   1,849 64
1,289   1,119 170
890   1,038 -148
1,356   1,044 312
373   282 91
205   209 -4
1,060   996 64
871   605 266
1,183   980 203
926   880 46
832   799 33
6,308   5,958 350
7,777   4,890 2,887
1,242   1,160 82
11,377   10,678 699
1,359   1,308 51
787   771 16
483   398 85
757   599 158
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
      15,892
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       12,914
b       334
c       687
d       7,956
e       -35,442
      -91
      -15,342
      -24,462
      -109
      -213
      -160
      293
      111
      696
      2,933
      1,420
      5,579
      52,138
      562,539
      17,388
      -251
      4,512
      250
      256
      -235
      -63
      46
      290
      1,672
      -41
      -64
      740
      -34
      1
      74
      -7
      -6
      115
      11
      326
      202
      -6
      410
      -106
      298
      44
      64
      170
      -148
      312
      91
      -4
      64
      266
      203
      46
      33
      350
      2,887
      82
      699
      51
      16
      85
      158
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 618,920
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 8,978
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 8,978
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 8,978
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 708
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 708
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 8,270
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 taxBullet0 RefundedBullet 11 0
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)
    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 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 addressbulletN/A
    14
    The books are in care ofbulletWADE KOTULA Telephone no.bullet (855) 452-4065

    Located atbullet2800 SOUTHCROSSBURNSVILLEMN ZIP+4bullet553066936
    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   No
    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
    WADE KOTULA DIRECTOR
    1     		0    
    2800 SOUTHCROSS DRIVE W
    BURNSVILLE,MN553066936
    DONALD KOTULA DIRECTOR
    1     		0    
    2800 SOUTHCROSS DRIVE W
    BURNSVILLE,MN553066936
    RYAN KOTULA DIRECTOR
    1     		0    
    2800 SOUTHCROSS DRIVE W
    BURNSVILLE,MN553066936
    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.............bullet0
    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  
    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
    2,636,618
    b
    Average of monthly cash balances.......................
    1b
    33,806
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,670,424
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,670,424
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    40,056
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,630,368
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    131,518
    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
    131,518
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    8,978
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,978
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    122,540
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    122,540
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    122,540
    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
    129,183
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    129,183
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    129,183
    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 7 122,540
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 608
    e From 2019...... 0
    fTotal of lines 3a through e........ 608
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 129,183
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 122,540
    e Remaining amount distributed out of corpus 6,643
    5 Excess distributions carryover applied to 2020. 0 0
    (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 7,251
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    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) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		7,251
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 608
    d Excess from 2019.... 0
    e Excess from 2020.... 6,643
    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).)
    DONALD KOTULA
    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 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
    UNITED CHRISTIAN ACADEMY
    4300 WEST 98TH ST
    BLOOMINGTON,MN55437     		NONE PC GENERAL OPERATING 61,000
    ANGEL FOUNDATION
    142 W 57TH ST 11
    New York,NY10019     		NONE PC GENERAL OPERATING 5,000
    BRAIV FOUNDATION
    18258 MINNETONKA BLVD SUITE 145
    DEEPHAVEN,MN55391     		NONE PC GENERAL OPERATING 4,000
    JDRF INTERNATIONAL
    3001 METRO DR 100
    Bloomington,MN55425     		NONE PC GENERAL OPERATING 15,000
    PRIOR LAKE WATER SKI ASSOCIATION
    PO BOX 867
    PRIOR LAKE,MN55372     		NONE PC GENERAL OPERATING 6,111
    GLOBAL EMPOWERMENT MISSION
    245 NE 37TH ST
    Miami,FL33137     		NONE PC GENERAL OPERATING 14,500
    SAMARITAN'S PURSE
    801 BAMBOO RD
    Boone,NC28607     		NONE PC GENERAL OPERATING 10,000
    ST PAUL'S LUTHERAN CHURCH
    5634 LUTHER ROAD SE
    PRIOR LAKE,MN553722031     		NONE PC GENERAL OPERATING 5,000
    AMERICAN DIABETES ASSOCIATION
    CAMP NEEDLEPOINT
    8000 W 78TH ST
    EDINA,MN55439     		NONE PC GENERAL OPERATING 5,000
    Total .................................bullet 3a 125,611
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		         
    4 Dividends and interest from securities....     14 45,647  
    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 ............     		    18 618,920  
    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)..   664,567  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    664,567
    (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

    TY 2020 AccountingFeesSchedule
    Name:
    KOTULA FAMILY FOUNDATION
    EIN:
    47-5013037
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    KOTULA FAMILY FOUNDATION
    EIN:
    47-5013037
    Name of Bond End of Year Book Value End of Year Fair Market Value
    670700400 NUVEEN PREFERRED SEC 139,856 146,141
    0258M0DX4 AMERICAN EXPRESS    
    92826CAB8 VISA INC    
    46625HNX4 JPMORGAN CHASE CO    
    68389XBA2 ORACLE CORP    
    31420B300 FEDERATED INST HI YL    
    05565QBU1 BP CAPITAL MARKETS 25,184 25,666
    097023BG9 BOEING CO    
    94974BFC9 WELLS FARGO MTN    
    377373AD7 GLAXOSMITHKLINE    
    911312AM8 UNITED PARCEL    
    06051GFW4 BANK OF AMERICA MTN    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    KOTULA FAMILY FOUNDATION
    EIN:
    47-5013037
    Name of Stock End of Year Book Value End of Year Fair Market Value
    464287465 ISHARES MSCI EAFE ET    
    00170K372 AMG TRILOGY EMERGING 89,811 151,210
    674375704 OBERWIES INTERNATION    
    74254V273 PRINCIPAL GL R E SEC    
    78462F103 SPDR S P 500 ETF    
    464287804 I SHARES S P SMALLC    
    808524847 SCHWAB US REIT ETF    
    03027X100 AMERICAN TOWER CORP 32,397 29,853
    30303M102 FACEBOOK INC A 31,794 32,506
    012653101 ALBEMARLE CORP 13,545 21,243
    595112103 MICRON TECHNOLOGY IN 23,142 33,305
    87612E106 TARGET CORP 27,395 29,127
    70450Y103 PAYPAL HOLDINGS INC 46,009 52,461
    594918104 MICROSOFT CORP 79,939 80,516
    285512109 ELECTRONIC ARTS INC 10,039 10,914
    217204106 COPART INC COM 22,478 24,305
    28176E108 EDWARDS LIFESCIENCES 10,183 10,856
    037833100 APPLE INC 54,738 60,507
    15135B101 CENTENE CORP COM 36,206 32,656
    76680R206 RINGCENTRAL INC 20,424 27,665
    023135106 AMAZON.COM INC 70,193 68,396
    461202103 INTUIT INC 10,982 12,155
    776696106 ROPER INDS INC 11,338 11,208
    56585A102 MARATHON PETROLEUM C 20,208 28,001
    91324P102 UNITED HEALTH GROUP 12,579 13,326
    G5960L103 MEDTRONIC PLC 17,513 18,625
    H1467J104 CHUBB LTD 17,243 22,164
    931142103 WAL MART STORES INC 30,666 30,416
    57667L107 MATCH GROUP INC NEW 34,866 47,625
    89400J107 TRANSUNION 19,706 22,225
    808513105 SCHWAB CHARLES CORP 27,788 38,136
    060505104 BANK OF AMERICA CORP 35,864 44,798
    127097103 CABOT OIL GAS CORP C 11,590 9,752
    902252105 TYLER TECHNOLOGIES I 11,584 12,659
    02079K305 ALPHABET INC CL A 29,846 33,300
    G6095L109 APTIV PLC 8,951 11,726
    87918A105 TELADOC INC 19,485 17,397
    88339J105 TRADE DESK INC THE C 16,332 21,627
    375558103 GILEAD SCIENCES INC 17,817 16,662
    78409V104 S P GLOBAL INC 8,727 8,218
    893641100 TRANSDIGM GROUP INC 22,045 27,848
    79466L302 SALESFORCE COM INC 20,499 17,580
    848637104 SPLUNK INC 9,383 7,645
    57636Q104 MASTERCARD INC 12,623 13,207
    92556V106 VIATRIS INC 27,324 32,214
    81762P102 SERVICENOW INC 7,399 7,706
    46625H100 J P MORGAN CHASE CO 38,128 47,524
    22160K105 COSTCO WHSL CORP 22,585 22,230
    278865100 ECOLAB INC 25,433 26,612

    TY 2020 InvestmentsOtherSchedule2
    Name:
    KOTULA FAMILY FOUNDATION
    EIN:
    47-5013037
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    46429B697 ISHARES MSCI USA MIN AT COST 125,559 146,892
    577130776 MATTHEWS ASIA GROWTH AT COST 141,658 164,888
    92837F292 VIRTUS ZEVENBERGEN I AT COST 270,997 309,637
    81369Y803 TECHNOLOGY SELECT SE AT COST 109,426 151,603
    464287242 ISHARES IBOXX INVEST AT COST 272,852 287,310
    464287432 ISHARES 20 YEAR TREA AT COST 143,861 137,856
    921910501 VANGUARD INTL GRWTH AT COST 91,084 149,298
    19765P596 COLUMBIA SMALL CAP G AT COST 131,535 145,821

    TY 2020 OtherAssetsSchedule
    Name:
    KOTULA FAMILY FOUNDATION
    EIN:
    47-5013037
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INCOME   0 0
    000000000 MISCELLANEOUS ENTRY 7,118 609 609


    TY 2020 OtherExpensesSchedule
    Name:
    KOTULA FAMILY FOUNDATION
    EIN:
    47-5013037
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEE/TAX 25 0   25


    TY 2020 OtherIncreasesSchedule
    Name:
    KOTULA FAMILY FOUNDATION
    EIN:
    47-5013037
    Description Amount
    ROUNDING 26
    MYLAND CORPORATE ACTION ADJ 251


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    KOTULA FAMILY FOUNDATION
    EIN:
    47-5013037
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 20,473 18,425   2,047


    TY 2020 TaxesSchedule
    Name:
    KOTULA FAMILY FOUNDATION
    EIN:
    47-5013037
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 205 205   0
    FEDERAL TAX PAYMENT - PRIOR YE 30 0   0
    FEDERAL ESTIMATES - PRINCIPAL 708 0   0
    FOREIGN TAXES ON NONQUALIFIED 29 29   0