TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
The R B Nordick Foundation

Number and street (or P.O. box number if mail is not delivered to street address)675 12th Ave NE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
West Fargo, ND580783500

A Employer identification number

45-0442920

B Telephone number (see instructions)

(701) 282-8136

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$48,359,094J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	55,000
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,298,081		1,298,081
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-97,770
b	Gross sales price for all assets on line 6a 12,266,167
7	Capital gain net income (from Part IV, line 2)...			0
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........	1,255,311		1,298,081
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		2,875	0	2,875
c	Other professional fees (attach schedule)....		89,642	89,642	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		13,436	1,303	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	12,948		0	12,948
22	Printing and publications..........	29		0	29
23	Other expenses (attach schedule).......		19,452	0	19,452
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	138,382		90,945	35,304
25	Contributions, gifts, grants paid.......	0			0
26	Total expenses and disbursements. Add lines 24 and 25	138,382		90,945	35,304
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,116,929
b	Net investment income (if negative, enter -0-)			1,207,136
c	Adjusted net income (if negative, enter -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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	2,146,327	674,170	674,170
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	3,258,289	1,248,511	1,176,687
	b	Investments—corporate stock (attach schedule).......	1,506,285	1,569,218	4,360,384
	c	Investments—corporate bonds (attach schedule).......	13,843,599	15,647,332	15,961,438
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	18,887,795	21,619,993	26,186,415
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	39,642,295	40,759,224	48,359,094
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	15,170,450	15,170,450
	28	Retained earnings, accumulated income, endowment, or other funds	24,471,845	25,588,774
	29	Total net assets or fund balances (see instructions).....	39,642,295	40,759,224
	30	Total liabilities and net assets/fund balances (see instructions).	39,642,295	40,759,224

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

39,642,295

Enter amount from Part I, line 27a .....................

1,116,929

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

40,759,224

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

40,759,224

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
1 a	Publicly Traded Securities
b	Lehman Bond Recovery	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	12,266,022	12,363,937	-97,915
b	145		145
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			-97,915
b			145
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-97,770
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	16,779
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	16,779
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	16,779
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	5,252
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	25,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	30,252
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	241
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	13,232
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax13,232	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

Douglas R Geeslin Telephone no. bullet

(701) 282-8136

Located at bullet

675 12th Avenue NEWest FargoND ZIP+4 bullet

580783502

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
Ralph B Nordick	President 3.00	0	0	0
675 12th Ave NE West Fargo,ND580783502	President 3.00	0	0	0
Erin Castagna	Secretary 20.00	0	0	0
675 12th Ave NE West Fargo,ND580783502	Secretary 20.00	0	0	0
Brett A Nordick	Vice President 40.00	0	0	0
675 12th Ave NE West Fargo,ND580783502	Vice President 40.00	0	0	0
Doug Geeslin	Chief Financial Officer 1.00	0	0	0
675 12th Ave NE West Fargo,ND580783502	Chief Financial Officer 1.00	0	0	0

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...................				0

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


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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

43,423,406

Average of monthly cash balances.......................

1,232,297

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

44,655,703

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

44,655,703

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

669,836

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

43,985,867

Minimum investment return. Enter 5% of line 5..................

2,199,293

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.)

Minimum investment return from Part X, line 6....................

2,199,293

Tax on investment income for 2020 from Part VI, line 5......

16,779

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

16,779

Distributable amount before adjustments. Subtract line 2c from line 1............

2,182,514

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

2,182,514

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

2,182,514

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

35,304

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

35,304

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

35,304

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)

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					2,182,514
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......
b From 2016......
c From 2017......	680,184
d From 2018......	1,117,971
e From 2019......	856,179
fTotal of lines 3a through e........		2,654,334
4Qualifying distributions for 2020 from Part
XII, line 4: $ 35,304
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.....					35,304
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		2,147,210			2,147,210
(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		507,124
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 ......		507,124
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....	507,124
e Excess from 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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

Ralph B Nordick

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a				0

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	1,298,081
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	-97,770
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)..		0		1,200,311	0

13Total. Add line 12, columns (b), (d), and (e)..................

1,200,311

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part 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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Name of the organization

The R B Nordick Foundation

Employer identification number

45-0442920

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... 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 The R B Nordick Foundation

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	Yvonne Nordick Trust PO Box 9798 Fargo, ND581069798	$ 55,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (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 The R B Nordick Foundation		Employer identification number 45-0442920

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 The R B Nordick Foundation			Employer identification number 45-0442920
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose 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

(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

(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

(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:

- TIN:

TY 2020 AccountingFeesSchedule

Name:

The R B Nordick Foundation

EIN:

45-0442920

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting Fees	2,875	0		2,875

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

The R B Nordick Foundation

EIN:

45-0442920

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC 3.375% DTD 09/18/2018 DUE 11/14/2021 CALLABLE	88,680	90,365
ACTAVIS FDG SCS GTD NT 3.45% DTD 03/12/2015 DUE 03/15/2022	153,090	153,889
AETNA INC SR GLBL NT 2.75% DTD 11/07/2012 DUE 11/15/2022 CALLABLE	152,338	155,559
AMERICAN HOME PRODS CORP DEB 7.25% DTD 03/01/1993 DUE 03/01/2023	116,231	114,622
AMERICAN HONDA FIN CORP MTN FR 3.625% DTD 10/10/2018 DUE 10/10/2023 CALLABLE	99,841	108,800
ANTHEM INC 2.95% DTD 11/21/2017 DUE 12/01/2022 CALLABLE	101,023	104,761
APPLE INC NT 2.15% DTD 02/09/2015 DUE 02/09/2022 CALLABLE	193,474	204,146
APPLIED MATLS INC SR NT 3.90% DTD 09/24/2015 DUE 10/01/2025 CALLABLE	99,590	114,265
ARCHER DANIELS MIDLAND CO SR DEB 6.75% DTD 12/15/1997 DUE 12/15/2027 NON-CAL	62,116	66,723
AT&T INC SR GLBL NT 6.95% DTD 01/15/2019 DUE 01/15/2028 NON-CALLABLE	226,576	242,927
ATHENE GLOBAL FUNDING FR 3.00% DTD 07/03/2017 DUE 07/01/2022 NON-CALLABLE	150,846	155,113
BANK NEW YORK MTN BK ENT SR NT 3.55% DTD 09/23/2011 DUE 09/23/2021 CALLABLE	105,491	102,117
BANK NOVA SCOTIA HALIFAX SR NT 4.375% DTD 01/13/2011 DUE 01/13/2021 NON-CALL	108,643	100,092
BANK OF NOVA SCOTIA SR NT 2.45% DTD 09/19/2017 DUE 09/19/2022 NON-CALLABLE	149,455	155,811
BAXTER INTL INC SR GLBL 1.70% DTD 08/15/2016 DUE 08/15/2021 CALLABLE	160,814	166,157
BEMIS CO INC SR NT 4.50% DTD 10/04/2011 DUE 10/15/2021 CALLABLE	35,661	35,758
BMW US CAP LLC SR GLBL 144A 2.00% DTD 04/11/2016 DUE 04/11/2021 CALLABLE	146,625	150,453
BURLINGTON NORTHN SANTA FE CP SR DEB 3.45% DTD 08/22/2011 DUE 09/15/2021 CAL	103,235	101,400
CAMPBELL SOUP CO DEB 8.875% DTD 05/01/1991 DUE 05/01/2021	21,640	20,536
CAPITAL ONE NATL ASSN MCLEAN VA SR NT 2.95% DTD 07/24/2014 DUE 07/23/2021 CA	99,290	101,213
CATERPILLAR FINL SVCS MTNS FR 2.65% DTD 05/17/2019 DUE 05/17/2021 CALLABLE	251,052	252,187
CITIGROUP INC SR NT 4.50% DTD 11/01/2011 DUE 01/14/2022 NON-CALLABLE	154,641	156,402
DAIMLER FINANCE NORTH AMER LLC SR GLBL 144A 3.35% DTD 05/04/2018 DUE 05/04/2	194,500	201,918
DIAGEO CAP PLC GTD NT 2.875% DTD 05/11/2012 DUE 05/11/2022 CALLABLE	98,579	103,407
DR PEPPER SNAPPLE GROUP INC SR GLBL NT 2.55% DTD 09/16/2016 DUE 09/15/2026 C	75,715	87,355
DR PEPPER SNAPPLE GROUP INC SR NT 3.20% DTD 11/15/2011 DUE 11/15/2021 CALLAB	49,546	50,871
EMERSON ELEC CO SR NT 3.15% DTD 05/18/2015 DUE 06/01/2025 CALLABLE	121,704	138,212
EXPRESS SCRIPTS HLDG CO SR NT 3.90% DTD 08/15/2012 DUE 02/15/2022	26,488	26,956
FIDELITY NATIONAL FINANCIAL IN SR NT 5.50% DTD 08/28/2012 DUE 09/01/2022 CAL	53,897	53,866
FIRST NIAGARA FINL GROUP INC NEW SUB NT 7.25% DTD 12/13/2011 DUE 44545	46,286	42,546
FLAGSTAR BK FSB TROY MICH CTF DEP 2.45% DTD 05/22/2019 DUE 05/24/2021 NON-CA	100,000	100,963
FLOWSERVE CORP SR GLBL 3.50% DTD 09/21/2020 DUE 10/01/2030 CALLABLE	149,671	160,116
GEICO CORP DEB 7.35% DTD 07/14/1993 DUE 07/15/2023	119,369	111,470
GREAT PLAINS ENERGY INC NT 5.292% DTD 03/22/2012 DUE 06/15/2022 CALLABLE	160,704	158,382
HERSHEY CO SR GLBL 2.30% DTD 08/09/2016 DUE 08/15/2026 CALLABLE	47,332	54,197
HERSHEY CO SR GLBL NT 3.375% DTD 05/10/2018 DUE 05/15/2023 CALLABLE	99,643	107,076
INGREDION INC SR GLBL 3.20% DTD 09/22/2016 DUE 10/01/2026 CALLABLE	95,920	111,235
INTERNATIONAL BUSINESS MACHS CORP DEB 7.00% DTD 10/30/1995 DUE 10/30/2025 CA	176,754	194,930
INTL PAPER CO DEB 6.875% DTD 11/01/1993 DUE 11/01/2023 NON-CALLABLE	116,286	114,884
JOHNSON CTLS INC SR NT 4.25% DTD 02/04/2011 DUE 02/28/2021 CALLABLE	154,476	150,746
LABORATORY CORP AMER HLDGS SR NT 3.75% DTD 08/23/2012 DUE 08/23/2022 CALLABL	102,101	104,610
LILLY ELI & CO SR NT 2.75% DTD 03/05/2015 DUE 06/01/2025 CALLABLE	123,379	141,495
LOCKHEED MARTIN CORP SR NT 3.35% DTD 09/09/2011 DUE 09/15/2021 CALLABLE	60,436	59,219
MAGNA INTL INC SR GLBL NT 3.625% DTD 06/16/2014 DUE 06/15/2024 CALLABLE	102,890	109,557
MARRIOTT INTL INC NEW SR GLBL O NT 2.875% DTD 09/14/2015 DUE 03/01/2021 CAL	100,917	100,154
MERCK & CO INC NEW SR NT 2.75% DTD 02/10/2015 DUE 02/10/2025 CALLABLE	95,913	108,632
MONTELL FIN CO BV SR 144A 8.10% DTD 03/25/1997 DUE 03/15/2027 CALLABLE	125,743	138,131
NBD BK N A DETROIT MICH SUB NT 8.25% DTD 11/03/1994 DUE 11/01/2024 PUTABLE	134,672	126,843
NORTHROP GRUMMAN CORP SR GLBL DEB 7.875% DTD 03/01/1996 DUE 03/01/2026 NON-C	122,085	132,772
NORTHROP GRUMMAN CORP SR NT 3.50% DTD 11/08/2010 DUE 03/15/2021 CALLABLE	103,815	100,619
NORWEST CORP SUB DEB 6.65% DTD 10/15/1993 DUE 10/15/2023 NON-CALLABLE	112,050	115,444
PACCAR FINL CORP SR MTNS BK EN FR 2.30% DTD 08/10/2017 DUE 08/10/2022 NON-CA	120,056	129,195
PEPSICO INC SR GLBL 1.70% DTD 10/06/2016 DUE 10/06/2021 CALLABLE	97,336	100,960
PPL CAP FDG INC GTD SR NT 4.20% DTD 06/14/2012 DUE 06/15/2022 CALLABLE	36,415	36,545
PUBLIC SVC CO N H 1MTG BD 3.50% DTD 11/14/2013 DUE 11/01/2023 CALLABLE	105,149	107,976
PUBLIC SVC CO NEW MEXICO SR UNSEC NT 5.35% DTD 10/12/2011 DUE 10/01/2021 CAL	52,262	51,123
REINSURANCE GROUP AMER INC SR NT 5.00% DTD 05/27/2011 DUE 06/01/2021 CALLABL	70,928	66,204
RYDER SYS MTN FR 2.80% DTD 02/24/2017 DUE 03/01/2022 CALLABLE	151,782	153,861
STATE STREET BOSTON CORP 7.35% DTD 06/15/1996 DUE 06/15/2026	130,564	130,920
STATOIL ASA SR NT 2.75% DTD 11/10/2014 DUE 11/10/2021 CALLABLE	97,986	102,014
STRYKER CORP SR GLBL NT 2.625% DTD 03/10/2016 DUE 03/15/2021 CALLABLE	98,408	100,184
TELE COMMUNICATIONS INC SR DEB 10.125% DTD 04/15/1992 DUE 44666	110,922	95,530
TEXAS INSTRS INC SR GLBL NT 2.75% DTD 03/12/2014 DUE 03/12/2021 CALLABLE	201,808	200,474
TJX COS INC SR NT 2.75% DTD 06/05/2014 DUE 06/15/2021 CALLABLE	104,385	100,693
TOYOTA MTR CR CORP MEDIUM TERM NTS 2.60% DTD 01/09/2017 DUE 01/11/2022	111,876	112,595
TUCSON ELEC PWR CO SR NT 3.05% DTD 02/27/2015 DUE 03/15/2025 CALLABLE	141,962	163,305
WASTE MGMT INC DEL SR GLBL 2.40% DTD 05/16/2016 DUE 05/15/2023 CALLABLE	129,947	140,982
WELLS FARGO CO MTN FR 3.50% DTD 03/08/2012 DUE 03/08/2022 NON-CALLABLE	154,740	155,514
WESTERN MASS ELEC CO SR NT F 3.50% DTD 09/16/2011 DUE 09/15/2021 CALLABLE	156,332	152,099
WEYERHAEUSER CO DEB 7.375% DTD 09/15/2002 DUE 03/15/2032 CALLABLE	138,356	149,960
XILINX INC SR NT 3.00% DTD 03/12/2014 DUE 03/15/2021 CALLABLE	99,298	100,503
KINDER MORGAN ENERGY PARTNERS SR NT 5.80% DTD 09/16/2009 DUE 03/01/2021 CALL	157,094	151,221
FREMF MTG TR SER 2011 K14 CL B FLTG RATE DTD 08/01/2011 DUE 02/25/2047 IPD24	413,938	404,070
GOVERNMENT NATL MTG ASSN GTD REMIC PASS THRU SECS 2019-152 REMIC PASSTHRU CT	112,606	113,247
EATON VANCE SHORT DURATION GOVERNMENT INCOME FUND CLASS I #373	2,350,630	2,352,172
LORD ABBETT INVESTMENT TRUST SHORT DURATION INCOME FUND #1425	699,793	705,652
PIMCO MORTGAGE OPPORTUNITIES AND BOND FUND INSTL	1,645,748	1,660,200
AMGEN INC	77,903	78,053
AMGEN INC	110,775	116,452
BANK OF AMERICA CORP	266,853	278,075
ESCROW LEHMAN BROTHERS HOLDINGS	0	920
HALLIBURTON CO	261,657	270,771
JPMORGAN CHASE & CO	208,873	214,885
LINCOLN NATIONAL CORP	210,127	211,129
MORGAN STANLEY	258,002	267,271
PRINCIPAL FINANCIAL GROUP INC	138,624	141,893
TRUIST BANK	154,529	159,700
TRUIST FINANCIAL CORP	208,595	210,327
UNION PACIFIC CORP	209,850	214,861

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

The R B Nordick Foundation

EIN:

45-0442920

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Alerus Financial Corp	626,032	3,216,741
ABBVIE INC COM	12,511	16,394
AGNC INVT CORP COM	16,279	14,180
AMGEN INC COM	15,626	15,405
ANNALY CAPITAL MGMT INC COM	5,623	6,794
ARCHER DANIELS MIDLAND CO COM	14,827	18,248
AT&T INC COM	17,511	14,006
BLACKSTONE MTG TR INC COM CL A	4,552	4,955
CISCO SYS INC COM	13,309	14,320
CORNING INC COM	10,333	19,224
DOW INC COM	10,234	13,487
DUKE ENERGY CORP NEW COM	16,598	18,587
EXXON MOBIL CORP COM	19,757	12,737
GENERAL MILLS INC COM	10,847	14,230
GLAXOSMITHKLINE PLC SPONSORED ADR	17,476	16,486
INTEL CORP COM	11,248	11,658
INTERNATIONAL BUSINESS MACHS CORP	18,263	14,980
INTERNATIONAL PAPER CO COM	16,319	20,833
INVESCO QQQ TR UNIT SER 1	104,518	182,597
ISHARES TR CORE MSCI EAFE ETF	179,384	198,081
JP MORGAN EMERGING MARKETS EQUITY	39,732	66,500
KRAFT HEINZ CO COM	16,704	19,063
LYONDELLBASELL INDUSTRIES N V SHS	13,669	14,482
METLIFE INC COM	14,566	18,076
NETAPP INC COM	14,604	22,455
NEW RESIDENTIAL INVT CORP COM NEW	5,779	7,375
PFIZER INC COM	15,313	16,233
PRUDENTIAL FINL INC COM	20,275	17,722
ROYAL DUTCH SHELL PLC ADR B	22,770	15,192
SEAGATE TECHNOLOGY PLC SHS	14,087	18,089
SELECT SECTOR SPDR TR FINANCIAL	30,264	32,369
SELECT SECTOR SPDR TR UTILS	36,833	38,561
SOUTHERN CO COM	14,654	18,920
SPDR S&P 500 ETF TRUST	50,459	67,298
STARWOOD PPTY TR INC COM	9,746	8,782
TC ENERGY CORP COM	14,685	13,560
TEXAS INSTRUMENTS INC COM	13,846	18,054
UNITED PARCEL SVC INC CL B	15,282	23,408
US BANCORP DEL COM NEW	14,520	17,611
VANGUARD INDEX FDS S&P 500 ETF SHS	23,461	31,276
VERIZON COMMUNICATIONS INC COM	13,576	15,334
3M CO COM	13,146	16,081

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

The R B Nordick Foundation

EIN:

45-0442920

US Government Securities - End of Year Book Value:

US Government Securities - End of Year Fair Market Value:

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

1,248,511

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

1,176,687

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

The R B Nordick Foundation

EIN:

45-0442920

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
IShares MSCI EAFE Value ETF	AT COST	1,608,142	1,588,469
Vanguard Intl Equity Index FDS FTSE Emerging	AT COST	589,173	702,292
Vanguard Small-Cap Value Vipers	AT COST	965,350	1,731,833
Vanguard Tax Managed Intl FD MSCI	AT COST	733,280	1,026,393
Vanguard Total Stock Market Vipers	AT COST	485,670	1,380,192
Vanguard Value Vipers	AT COST	601,944	988,201
MSILF Government PTF Inst	AT COST	6,904,174	6,904,175
State Bankshares Pfd Convertible Non Cumulative Stock	AT COST	1,000,000	1,000,000
Vanguard Total Stock Market Index Fund - Adm #585	AT COST	546,871	746,328
Ishares Msi Edge Mcsi Min Vol Usa	AT COST	454,652	677,239
Ishares Edge Msci Usa Quality Factor	AT COST	446,751	747,114
Ishares Edge Msci Usa Momentum Factor	AT COST	798,045	1,665,158
Vanguard Intl Equityfds Ftse All World Usa Small Cap	AT COST	1,204,186	1,487,423
Ishares Edge Msci Min Vol Emerging Markets Etf	AT COST	212,401	248,412
Ishares Msci Eafe Minimum Volatility Etf	AT COST	355,679	412,271
Direct Lending Fund	AT COST	209,914	209,384
AMERICAN EXP FED SVGS BK CD	AT COST	214,102	229,845
BANK BARODA NEW YORK BRH CD	AT COST	250,000	274,822
BANK HAPOALIM CD NEW YORK CITYNY CD	AT COST	56,829	57,408
BANK MIDWEST SPIRIT LAKE IA CD	AT COST	101,650	102,006
BLC CMNTY BANK CD LITTLE CHUTEWI CD	AT COST	250,000	258,600
bmw SALT LAKE CITY UT CD	AT COST	71,195	70,743
BRIDGEWATER BANK BLOOMINGTON MN CD	AT COST	225,000	226,025
CAPITAL ONE BANK GLEN ALLEN VACD	AT COST	11,662	12,547
CIT BANK SLC CD Salt Lake CityUT CD	AT COST	54,036	57,792
cit SALT LAKE CITY UT CD	AT COST	74,428	72,853
CITIBANK, NA CD SIOUX FALLS SDCD	AT COST	250,000	273,684
comenity bank SALT LAKE CITY UT CD	AT COST	138,000	139,470
DISCOVER BK GREEN GREENWOOD DECD	AT COST	14,999	15,449
DISCOVER BK GREENWOOD DEL CD	AT COST	74,000	78,559
ENERBANK USA SALT LAKE CITY UTAH CD	AT COST	25,477	25,492
ENERBANK USA SALT SALT LAKE CITY UT CD	AT COST	71,000	76,759
FIRST BK OWASSO O OWASSO OK CD	AT COST	250,000	259,184
FIRST NATIONAL BANK OF AMERICAEAST LANSING MI CD	AT COST	10,617	10,308
FIRST WESTN BK & MINOT ND CD	AT COST	44,000	45,155
GOLDMAN SACHS BANK USA NEW YORK CD	AT COST	58,488	56,629
Goldman Sachs NEW YORK NY CD	AT COST	141,260	141,399
GOLDMAN SACHS(FORMERLY GE CAPITAL FINANCIAL	AT COST	32,533	31,845
GOLDMAN SACHS(FORMERLY GE CAPITAL FINANCIAL	AT COST	35,849	34,959
GOLDMAN SACHS(FORMERLY GE CAPITAL FINANCIAL	AT COST	24,912	24,677
GREAT NORTH BK CD FLORENCE WI CD	AT COST	250,000	262,378
KANSAS ST BK CD MANHATTAN KS CD	AT COST	103,500	101,952
Merrick Bank SOUTH JORDAN UT CD	AT COST	85,000	89,558
MS BANK CD SALT LAKE CITY UT CD	AT COST	150,000	159,246
MS BANK CD SALT LAKE CITY UT CD	AT COST	100,000	102,983
MS PRIVATE BK CD PURCHASE NY CD	AT COST	250,000	275,260
PRIME ALLIANCE BK WOODS CROSS UT CD	AT COST	250,000	269,271
SALLIE MAE BK CD SALT LAKE CITY UT CD	AT COST	52,500	51,316
SALLIE MAE BK CD SALT LAKE CITY UT CD	AT COST	100,000	102,991
SALLIE MAE BK CD SALT LAKE CITY UT CD	AT COST	102,300	101,032
SYNCHRONY BK (FORMERLY GE CAPITAL RETAIL BANK) DRAPER UT CD	AT COST	12,018	12,095
SYNCHRONY BK (FORMERLY GE CAPITAL RETAIL BANK) DRAPER UT CD	AT COST	15,493	15,169
SYNCHRONY BK (FORMERLY GE CAPITAL RETAIL BK) DRAPER UTAH CD	AT COST	103,381	102,662
Synchrony DRAPER UT CD	AT COST	59,247	58,626
TOWNEBANK PORTSMO PORTSMOUTH VA CD	AT COST	250,000	257,345
TOYOTA FINANCIAL SAVINGS BANK HENDERSON NV CD	AT COST	65,150	62,127
TOYOTA FINL SVGS BK HEND NV CD	AT COST	75,135	71,310

- TIN:

TY 2020 OtherExpensesSchedule

Name:

The R B Nordick Foundation

EIN:

45-0442920

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Office Supplies	19,393	0		19,393
Bank Fees	59	0		59

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

The R B Nordick Foundation

EIN:

45-0442920

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Fees	89,642	89,642		0

- TIN:

TY 2020 TaxesSchedule

Name:

The R B Nordick Foundation

EIN:

45-0442920

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Federal Income Tax	12,133	0		0
Foreign Tax W/H	1,303	1,303		0