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
LLOYD K JOHNSON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)130 W SUPERIOR ST STE 710
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DULUTH, MN558024035
A Employer identification number

51-0180842
B Telephone number (see instructions)

(218) 726-9000
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$30,573,834J 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 114 114  
4 Dividends and interest from securities... 569,477 569,477  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 748,915
b Gross sales price for all assets on line 6a 18,931,641
7 Capital gain net income (from Part IV, line 2)... 748,915
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)....... Click to see attachment 5,506    
12 Total. Add lines 1 through 11........ 1,324,012 1,318,506  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 141,997 35,499   106,498
14 Other employee salaries and wages...... 48,223 12,056   36,167
15 Pension plans, employee benefits....... 29,944 7,486   22,458
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 8,330 2,083   6,248
c Other professional fees (attach schedule).... Click to see attachment 95,077 95,077    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 16,080      
19 Depreciation (attach schedule) and depletion... Click to see attachment 746    
20 Occupancy.............. 12,669 3,167   9,502
21 Travel, conferences, and meetings....... 678 170   509
22 Printing and publications.......... 50 13   38
23 Other expenses (attach schedule)....... Click to see attachment 24,573 6,137   18,437
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 378,367 161,688   199,857
25 Contributions, gifts, grants paid....... 1,032,690 873,188
26 Total expenses and disbursements. Add lines 24 and 25 1,411,057 161,688   1,073,045
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -87,045
b Net investment income (if negative, enter -0-) 1,156,818
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 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............. 15,877 142,739 142,739
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 3,731 3,561 3,561
10a Investments—U.S. and state government obligations (attach schedule) 906,891    
b Investments—corporate stock (attach schedule)....... 60,447 Click to see attachment60,447 60,447
c Investments—corporate bonds (attach schedule)....... 4,982,116    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 21,641,551 Click to see attachment30,364,104 30,364,104
14 Land, buildings, and equipment: basis bullet18,721
Less: accumulated depreciation (attach schedule) bullet15,738   Click to see attachment2,983 2,983
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 27,610,613 30,573,834 30,573,834
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 14,651 174,153
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment-7,852 Click to see attachment7,680
23 Total liabilities (add lines 17 through 22)......... 6,799 181,833
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........... 27,603,814 30,392,001
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........    
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)..... 27,603,814 30,392,001
30 Total liabilities and net assets/fund balances (see instructions). 27,610,613 30,573,834
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
27,603,814
2
Enter amount from Part I, line 27a .....................
2
-87,045
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,875,232
4
Add lines 1, 2, and 3 ..........................
4
30,392,001
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
30,392,001
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 NORTH SHORE BANK P    
b NORTH SHORE BANK P    
c ULLAND INVESTMENTS P    
d ULLAND INVESTMENTS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 7,119,031   6,924,857 194,174
b 24,446     24,446
c 10,658,035   10,484,029 174,006
d 797,169   773,840 23,329
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       194,174
b       24,446
c       174,006
d       23,329
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 748,915
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 3 198,452
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 16,080
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  
3 Add lines 1 and 2........................... 3 16,080
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 16,080
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 8,400
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 18,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,320
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,320 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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
    Yes
     
    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
    Yes
     
    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 addressbulletLLOYDKJOHNSONFOUNDATION.ORG
    14
    The books are in care ofbulletJOAN GARDNER-GOODNO Telephone no.bullet (218) 726-9000

    Located atbullet130 W SUPERIOR ST STE 710DULUTHMN ZIP+4bullet55802
    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
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 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
     
    No
    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
    JOAN GARDNER-GOODNO EXECUTIVE DI
    40.00     		141,997 14,112 0
    5532 LESTER RIVER ROAD
    DULUTH,MN55804
    STEPHEN SURBAUGH PRESIDENT/CE
    2.00     		0 0 0
    617 PIKE LAKE ROAD
    GRAND MARAIS,MN55604
    SUSAN MICHELS VICE PRESIDE
    2.00     		0 0 0
    490 TEMPERANCE STREET - UNIT 306
    ST PAUL,MN55101
    SCOTT HARRISON TREASURER/CF
    2.00     		0 0 0
    PO BOX 268
    LUTSEN,MN55612
    DARRYL E COONS DIRECTOR
    2.00     		0 0 0
    145 WAVERLY PLACE
    DULUTH,MN55803
    CINDY HANSEN DIRECTOR
    2.00     		0 0 0
    BOX 2129
    TOFTE,MN55615
    RICK SMITH DIRECTOR
    2.00     		0 0 0
    27450 PEPIN ROAD
    WEBSTER,WI54893
    LYNN GOERDT DIRECTOR
    2.00     		0 0 0
    427 HOWARD GNESEN ROAD
    DULUTH,MN55811
    JEFF STODDARD DIRECTOR
    2.00     		0 0 0
    PO BOX 1208
    GRAND MARAIS,MN55604
    SALAAM WITHERSPOON DIRECTOR
    2.00     		0 0 0
    2412 WEST FIRST STREET
    DULUTH,MN55806
    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  
    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
    NORTH SHORE INVESTMENTS & TRUST INVESTMENT 60,184
    131 WEST SUPERIOR STREET
    DULUTH,MN55802
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See 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
    27,355,539
    b
    Average of monthly cash balances.......................
    1b
    67,988
    c
    Fair market value of all other assets (see instructions)................
    1c
    125,626
    d
    Total (add lines 1a, b, and c).........................
    1d
    27,549,153
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    27,549,153
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    413,237
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    27,135,916
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,356,796
    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
    1,356,796
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    16,080
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,080
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,340,716
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    5,506
    5
    Add lines 3 and 4............................
    5
    1,346,222
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,346,222
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,073,045
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,073,045
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,073,045
    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 1,346,222
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 7,354
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,073,045
    a Applied to 2019, but not more than line 2a 7,354
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 1,065,691
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		280,531
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JOAN GARDNER-GOODNO
    130 WEST SUPERIOR STREET
    SUITE 520
    DULUTH,MN55802
    (218) 726-9000
    bThe form in which applications should be submitted and information and materials they should include:
    SUBMIT "LETTER OF INTENT" (SEE WEBSITE) FOR CONSIDERATION BY STAFF - THEN SUBMIT MINNESOTA COMMON GRANT APPLICATION FORM OR "SHORT FORM" (SEE WEBSITE) IF INVITED TO APPLY. ADDITIONAL INFORMATION MAY BE REQUESTED BY FOUNDATION STAFF.
    cAny submission deadlines:
    JANUARY 15, APRIL 15, JULY 15, AND OCTOBER 15 OF EACH GRANT YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION ACCEPTS APPLICATIONS FROM ORGANIZATIONS LOCATED OR PROVIDING SERVICES WITHIN LAKE, COOK, AND SOUTHERN ST. LOUIS COUNTIES IN MINNESOTA. THE FOUNDATION'S AREAS OF INTEREST INCLUDE ARTS AND CULTURE, COMMUNITY AND ECONOMIC DEVELOPMENT, EDUCATION, ENVIRONMENT, AND SOCIAL WELFARE.
    Form 990-PF (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
    ARROWHEAD CHORALE
    506 WEST MICHIGAN ST
    DULUTH,MN55802     		  PC CAPACITY BUILDING SUPPORT 10,000
    BIG TIME JAZZ ORCHESTRA
    131 E WINONA ST
    DULUTH,MN55803     		  PC 30TH ANNIV COMMUNITY CELEBRATION 2,000
    CLAYTON JACKSON MCGHIE MEMORIAL INC
    222 E SUPERIOR ST
    STE 327
    DULUTH,MN55802     		  PC CJMM DISCUSSION GUIDE 1,509
    COOK COUNTY HIGHER EDUCATION
    300 W 3RD ST
    GRAND MARAIS,MN55604     		  PC SCHOLARSHIPS & STUDENT SUPPORT SVCS 14,651
    COOK COUNTY HIGHER EDUCATION
    300 W 3RD ST
    GRAND MARAIS,MN55614     		  PC SCHOLARSHIPS & STUDENT SUPPORT 44,507
    COOK COUNTY HISTORICAL SOCIETY
    8 SOUTH BROADWAY
    GRAND MARAIS,MN55604     		  PC JOHN SPELMAN III EXHIBIT & PUBLICATI 9,588
    COOK COUNTY LOCAL ENERGY PROJECT
    PO BOX 143
    GRAND MARAIS,MN55604     		  PC COVID-19 DIGITAL TRANSITION 2,000
    COOK COUNTY SCHOOL ISD 166
    101 WEST 5TH STREET
    GRAND MARAIS,MN55604     		  PC FOREST COORDINATOR & ENVIRONMENTAL E 20,000
    COOK COUNTY YMCA
    105 FIFTH ST
    GRAND MARAIS,MN55604     		  PC EARLY LEARNERS WITH DIVERSE ABILITIE 20,000
    DAMIANO OF DULUTH INC
    206 WEST 4TH STREET
    DULUTH,MN55806     		  PC COMMUNITY KITCHEN PROGRAM 20,000
    DOMESTIC ABUSE INTERVENTION PROGRAM
    202 E SUPERIOR ST
    DULUTH,MN55802     		  PC DULUTH FAMILY VISITATION CENTER 10,000
    DULUTH AREA FAMILY YMCA
    32 EAST FIRST ST
    SUITE 202
    DULUTH,MN55802     		  PC PLAY OBSERVE & REFLECT PROGRAMMING 10,000
    DULUTH CHILDREN'S MUSEUM
    115 SOUTH 29TH AVE W
    DULUTH,MN55806     		  PC EDUCATIONAL PROGRAMMING 10,000
    DULUTH COMMUNITY GARDEN PROGRAM
    206 W 4TH STREET 214
    DULUTH,MN55806     		  PC IMPLEMENT STRATEGIC PLAN 10,000
    DULUTH PLAYHOUSE
    211 EAST SUPERIOR STREET
    DULUTH,MN55802     		  PC PREPARING & PLANNING FOR REOPENING 12,000
    DULUTH SUPERIOR SYMPHONY ORCHESTRA
    130 WEST SUPERIOR STREET
    DULUTH,MN55802     		  PC CASUAL CONCERTS 10,000
    ENTREPRENEUR FUND
    202 W SUPERIOR ST
    STE 311
    DULUTH,MN55802     		  PC SUPPORT NORTH SHORE ENTREPRENEURS 30,000
    FRIENDS OF THE FINLAND COMMUNITY
    PO BOX 582
    FINLAND,MN55603     		  PC CHILDCARE PROGRAM DEVELOPMENT 12,000
    GND DEVELOPMENT ALLIANCE
    2630 W SUPERIOR ST
    DULUTH,MN55806     		  PC GND REC SKATEPARK RETAINING WALL 25,000
    GRAND MARAIS ART COLONY
    120 W 3RD AVE
    GRAND MARAIS,MN55604     		  PC CAPACITY & INFRASTRUCTURE SUPPORT 23,500
    GRAND MARAIS PLAYHOUSE
    51 5TH ST
    GRAND MARAIS,MN55604     		  PC GENERAL OPERATING SUPPORT 20,000
    GREAT EXPECTATIONS SCHOOL
    550 E 5TH ST
    GRAND MARAIS,MN55604     		  PC PLANNING SUPPORT FOR THE NEW NORMAL 2,000
    GREAT LAKES AQUARIUM
    353 HARBOR DRIVE
    DULUTH,MN55802     		  PC H2O WATERSHEDS AT WORK EXHIBIT 20,000
    GUNFLINT TRAIL HISTORICAL SOCIETY
    28 MOOSE POND DR
    GRAND MARAIS,MN55604     		  PC ANISHINAABE: IN THEIR OWN WORDS 25,000
    HARTLEY NATURE CENTER
    3001 WOODLAND AVE
    DULUTH,MN55803     		  PC STEP OUTSIDE CAPITAL CAMPAIGN 25,000
    HOMECROFT PARENTS& EDUCATORS UNITED
    4784 HOWARD GNESEN ROAD
    DULUTH,MN55803     		  PC CAPITAL PROJECT: FIELD REPAIRS 10,000
    KIDS CLOSET OF DULUTH
    2431 W 3RD ST
    DULUTH,MN55806     		  PC SCHOOL CLOTHES FOR DULUTH CHILDREN 10,000
    KNIFE RIVER HERITAGE & CULTURAL CEN
    PO BOX 240
    180 MARINA ROAD
    KNIFE RIVER,MN55609     		  PC RESTORATIONS AT HISTORIC KR DEPOT 10,000
    LAKE SUPERIOR COLLEGE
    2101 TRINITY ROAD
    DULUTH,MN55811     		  PC SCHOLARSHIPS 66,433
    LAKE SUPERIOR SCHOOL DIST ISD 381
    1640 COUNTY HIGHWAY 2
    TWO HARBORS,MN55616     		  PC LITTLE MARINERS CHILDCARE CENTER 30,000
    LAKE VIEW FOUNDATION
    1000 EAST FIRST STREET
    STE 102
    DULUTH,MN55805     		  PC INFUSION THERAPY CLINIC 10,000
    LINCOLN PARK CHILDREN & FAMILIES
    2424 W 5TH STREET
    STE 10 108
    DULUTH,MN55806     		  PC CAPACITY & STRATEGIC PLAN WORK 10,000
    LUTHERAN SOCIAL SERVICE OF MINNESOT
    424 W SUPERIOR ST
    DULUTH,MN55802     		  PC ANOTHER DOOR EMERGENCY SHELTER 25,000
    LYRIC OPERA OF THE NORTH
    525 SOUTH LAKE AVENUE
    STE 102
    DULUTH,MN55802     		  PC DECAMERON CONSORTIUM PROJECT 5,000
    MATINEE MUSICALE INC
    506 W MICHIGAN ST
    DULUTH,MN55802     		  PC INVOKE ENSEMBLE 2,000
    MEN AS PEACEMAKERS
    123 W SUPERIOR ST
    DULUTH,MN55802     		  PC YOUTH PROGRAMMING SUPPORT 25,000
    MENTOR NORTH
    206 W 4TH ST
    STE 209
    DULUTH,MN55806     		  PC CAPACITY BUILDING SUPPORT 15,000
    MINNESOTA ASSISTANCE COUNCIL VETS
    1000 UNIVERSITY AVE WEST
    ST PAUL,MN55104     		  PC SERVICE FOR MN VETERANS 15,000
    MINNESOTA CHILDREN'S PRESS
    PO BOX 301
    GRAND MARAIS,MN55604     		  PC BOOK CAMP: PILOT CHAPTER 2,000
    MINNESOTA LAND TRUST
    394 S LAKE AVE
    SUITE 404
    DULUTH,MN55802     		  PC ST. LOUIS CO FOREST LAND & FORFEITED 15,000
    NORTH HOUSE FOLK SCHOOL
    500 MN-61
    GRAND MARAIS,MN55604     		  PC GENERAL OPERATING SUPPORT 30,000
    NORTH SHORE HEALTH
    515 5TH AVE W
    GRAND MARAIS,MN55604     		    SERENITY GARDEN CAPITAL PROJECT 60,000
    NORTH SHORE HEALTH CARE FOUNDATION
    PO BOX 454
    GRAND MARAIS,MN55604     		  PC CAPACITY BUILDING 25,000
    NORTHERN LAKE COUNTY ARTS BOARD
    PO BOX 67
    SILVER BAY,MN55614     		  PC SIMPLE GIFTS WITH BILLY MCLAUGHLIN 6,000
    NORTHLAND FOUNDATION
    202 W SUPERIOR ST
    STE 610
    DULUTH,MN55802     		  PC AGE TO AGE FELLOWS PROGRAM 20,000
    NORTHWOODS VOLUNTEER CONNECTION
    PO BOX 2113
    TOFTE,MN55615     		  PC CAPACITY BUILDING 10,000
    SAWTOOTH MOUNTAIN CLINIC
    513 5TH AVE W
    GRAND MARAIS,MN55604     		  PC ORAL HEALTH TASK FORCE 10,000
    SCHROEDER AREA HISTORICAL SOCIETY
    7932 W HWY 61
    SCHROEDER,MN55613     		    CROSS RIVER HERITAGE CTR MASTER SITE 16,000
    ST ANN'S HOME
    330 E THIRD ST
    DULUTH,MN55805     		  PC GENERAL OPERATING SUPPORT 10,000
    TWIN PORTS MINISTRY TO SEAFARERS
    2024 WEST THIRD STREET
    DULUTH,MN55806     		  PC FAMILY SHORT TERM HOUSING & STABILIZ 10,000
    VALLEY YOUTH CENTER
    720 NORTH CENTRAL AVENUE
    DULUTH,MN55807     		  PC YOUTH DEVELOPMENT & RECREATIONAL 10,000
    VOYAGEURS AREA COUNCIL BOYS SCOUTS
    3877 STEBNER ROAD
    HERMANTOWN,MN55811     		  PC ARROWHEAD & NORTH SHORE RECRUITMENT 15,000
    WESTERN L SUPR HABITAT FOR HUMANITY
    2431 WEST 3RD ST
    DULUTH,MN55806     		  PC AGE IN PLACE LAKE COUNTY 10,000
    WJ MCCABEIZAAC WALTON LEAGUE
    PO BOX 3063
    DULUTH,MN55803     		    50TH ANNIV EARTH DAY CELEBRATION 2,000
    Total .................................bullet 3a 873,188
    bApproved for future payment
    COLLEGE OF ST SCHOLASTICA INC
    1200 KENWOOD AVE
    DULUTH,MN55811     		  PC LIVE FROM MITCHELL: EXPANDING OPPOR 1,960
    COOK COUNTY HIGHER EDUCATION
    300 W 3RD ST
    GRAND MARAIS,MN55604     		  PC SCHOLARSHIP & SUPPORT STAFF POSITION 15,493
    DULUTH COMMUNITY SCHOOL COLLABORATI
    32 EAST FIRST ST
    DULUTH,MN55802     		  PC EXPANDED & ENRICHED LEARNING TIME 15,000
    ECOLIBRIUM3
    2014 WEST SUPERIOR ST
    DULUTH,MN55806     		  PC LEGACY HOUSE CAPITAL PROJECT 40,000
    FATHERS RISE TOGETHER
    201 EAST 1ST STREET
    SUITE 3-4
    DULUTH,MN55812     		  PC AFRICAN HERITAGE COLLECTIVE 5,000
    HOPE FOR KIDS CHILDCARE
    301 WEST ST MARIE ST
    DULUTH,MN55805     		  PC SAFETY & SECURITY SYSTEMS 7,700
    LIFE HOUSE INC
    102 W 1ST ST
    DULUTH,MN55802     		  PC THE LOFT: TEEN EMERGENCY 25,000
    NORDIC CENTER
    23 NORTH LAKE AVENUE
    DULUTH,MN55802     		  PC ARTS & CULTURE EVENTS COORDINATOR 14,000
    SERVE MINNESOTA
    120 S 6TH ST STE 2260
    MINNEAPOLIS,MN55402     		  PC KINDERGARTEN READINESS IN DULUTH 25,000
    ZEITGEIST CENTER FOR ARTS & COMMUNI
    222 E SUPERIOR ST
    STE 326
    DULUTH,MN55802     		  PC DULUTH STORY PROJECT 25,000
    Total .................................bullet 3b 174,153
    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 ...........     		    14 114  
    4 Dividends and interest from securities....     14 569,477  
    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 ............     		    14 748,915  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPRIOR YEAR GRANT RETURNED     		    41 5,506  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,324,012  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,324,012
    (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

    Form 990PF Part XV Line 3 - Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ARROWHEAD CHORALE506 WEST MICHIGAN ST
    DULUTH,MN55802     		  PC CAPACITY BUILDING SUPPORT 10,000
    BIG TIME JAZZ ORCHESTRA131 E WINONA ST
    DULUTH,MN55803     		  PC 30TH ANNIV COMMUNITY CELEBRATION 2,000
    CLAYTON JACKSON MCGHIE MEMORIAL INC222 E SUPERIOR ST
    STE 327
    DULUTH,MN55802     		  PC CJMM DISCUSSION GUIDE 1,509
    COOK COUNTY HIGHER EDUCATION300 W 3RD ST
    GRAND MARAIS,MN55604     		  PC SCHOLARSHIPS & STUDENT SUPPORT SVCS 14,651
    COOK COUNTY HIGHER EDUCATION300 W 3RD ST
    GRAND MARAIS,MN55614     		  PC SCHOLARSHIPS & STUDENT SUPPORT 44,507
    COOK COUNTY HISTORICAL SOCIETY8 SOUTH BROADWAY
    GRAND MARAIS,MN55604     		  PC JOHN SPELMAN III EXHIBIT & PUBLICATI 9,588
    COOK COUNTY LOCAL ENERGY PROJECTPO BOX 143
    GRAND MARAIS,MN55604     		  PC COVID-19 DIGITAL TRANSITION 2,000
    COOK COUNTY SCHOOL ISD 166101 WEST 5TH STREET
    GRAND MARAIS,MN55604     		  PC FOREST COORDINATOR & ENVIRONMENTAL E 20,000
    COOK COUNTY YMCA105 FIFTH ST
    GRAND MARAIS,MN55604     		  PC EARLY LEARNERS WITH DIVERSE ABILITIE 20,000
    DAMIANO OF DULUTH INC206 WEST 4TH STREET
    DULUTH,MN55806     		  PC COMMUNITY KITCHEN PROGRAM 20,000
    DOMESTIC ABUSE INTERVENTION PROGRAM202 E SUPERIOR ST
    DULUTH,MN55802     		  PC DULUTH FAMILY VISITATION CENTER 10,000
    DULUTH AREA FAMILY YMCA32 EAST FIRST ST
    SUITE 202
    DULUTH,MN55802     		  PC PLAY OBSERVE & REFLECT PROGRAMMING 10,000
    DULUTH CHILDREN'S MUSEUM115 SOUTH 29TH AVE W
    DULUTH,MN55806     		  PC EDUCATIONAL PROGRAMMING 10,000
    DULUTH COMMUNITY GARDEN PROGRAM206 W 4TH STREET 214
    DULUTH,MN55806     		  PC IMPLEMENT STRATEGIC PLAN 10,000
    DULUTH PLAYHOUSE211 EAST SUPERIOR STREET
    DULUTH,MN55802     		  PC PREPARING & PLANNING FOR REOPENING 12,000
    DULUTH SUPERIOR SYMPHONY ORCHESTRA130 WEST SUPERIOR STREET
    DULUTH,MN55802     		  PC CASUAL CONCERTS 10,000
    ENTREPRENEUR FUND202 W SUPERIOR ST
    STE 311
    DULUTH,MN55802     		  PC SUPPORT NORTH SHORE ENTREPRENEURS 30,000
    FRIENDS OF THE FINLAND COMMUNITYPO BOX 582
    FINLAND,MN55603     		  PC CHILDCARE PROGRAM DEVELOPMENT 12,000
    GND DEVELOPMENT ALLIANCE2630 W SUPERIOR ST
    DULUTH,MN55806     		  PC GND REC SKATEPARK RETAINING WALL 25,000
    GRAND MARAIS ART COLONY120 W 3RD AVE
    GRAND MARAIS,MN55604     		  PC CAPACITY & INFRASTRUCTURE SUPPORT 23,500
    GRAND MARAIS PLAYHOUSE51 5TH ST
    GRAND MARAIS,MN55604     		  PC GENERAL OPERATING SUPPORT 20,000
    GREAT EXPECTATIONS SCHOOL550 E 5TH ST
    GRAND MARAIS,MN55604     		  PC PLANNING SUPPORT FOR THE NEW NORMAL 2,000
    GREAT LAKES AQUARIUM353 HARBOR DRIVE
    DULUTH,MN55802     		  PC H2O WATERSHEDS AT WORK EXHIBIT 20,000
    GUNFLINT TRAIL HISTORICAL SOCIETY28 MOOSE POND DR
    GRAND MARAIS,MN55604     		  PC ANISHINAABE: IN THEIR OWN WORDS 25,000
    HARTLEY NATURE CENTER3001 WOODLAND AVE
    DULUTH,MN55803     		  PC STEP OUTSIDE CAPITAL CAMPAIGN 25,000
    HOMECROFT PARENTS& EDUCATORS UNITED4784 HOWARD GNESEN ROAD
    DULUTH,MN55803     		  PC CAPITAL PROJECT: FIELD REPAIRS 10,000
    KIDS CLOSET OF DULUTH2431 W 3RD ST
    DULUTH,MN55806     		  PC SCHOOL CLOTHES FOR DULUTH CHILDREN 10,000
    KNIFE RIVER HERITAGE & CULTURAL CENPO BOX 240
    180 MARINA ROAD
    KNIFE RIVER,MN55609     		  PC RESTORATIONS AT HISTORIC KR DEPOT 10,000
    LAKE SUPERIOR COLLEGE2101 TRINITY ROAD
    DULUTH,MN55811     		  PC SCHOLARSHIPS 66,433
    LAKE SUPERIOR SCHOOL DIST ISD 3811640 COUNTY HIGHWAY 2
    TWO HARBORS,MN55616     		  PC LITTLE MARINERS CHILDCARE CENTER 30,000
    LAKE VIEW FOUNDATION1000 EAST FIRST STREET
    STE 102
    DULUTH,MN55805     		  PC INFUSION THERAPY CLINIC 10,000
    LINCOLN PARK CHILDREN & FAMILIES2424 W 5TH STREET
    STE 10 108
    DULUTH,MN55806     		  PC CAPACITY & STRATEGIC PLAN WORK 10,000
    LUTHERAN SOCIAL SERVICE OF MINNESOT424 W SUPERIOR ST
    DULUTH,MN55802     		  PC ANOTHER DOOR EMERGENCY SHELTER 25,000
    LYRIC OPERA OF THE NORTH525 SOUTH LAKE AVENUE
    STE 102
    DULUTH,MN55802     		  PC DECAMERON CONSORTIUM PROJECT 5,000
    MATINEE MUSICALE INC506 W MICHIGAN ST
    DULUTH,MN55802     		  PC INVOKE ENSEMBLE 2,000
    MEN AS PEACEMAKERS123 W SUPERIOR ST
    DULUTH,MN55802     		  PC YOUTH PROGRAMMING SUPPORT 25,000
    MENTOR NORTH206 W 4TH ST
    STE 209
    DULUTH,MN55806     		  PC CAPACITY BUILDING SUPPORT 15,000
    MINNESOTA ASSISTANCE COUNCIL VETS1000 UNIVERSITY AVE WEST
    ST PAUL,MN55104     		  PC SERVICE FOR MN VETERANS 15,000
    MINNESOTA CHILDREN'S PRESSPO BOX 301
    GRAND MARAIS,MN55604     		  PC BOOK CAMP: PILOT CHAPTER 2,000
    MINNESOTA LAND TRUST394 S LAKE AVE
    SUITE 404
    DULUTH,MN55802     		  PC ST. LOUIS CO FOREST LAND & FORFEITED 15,000
    NORTH HOUSE FOLK SCHOOL500 MN-61
    GRAND MARAIS,MN55604     		  PC GENERAL OPERATING SUPPORT 30,000
    NORTH SHORE HEALTH515 5TH AVE W
    GRAND MARAIS,MN55604     		    SERENITY GARDEN CAPITAL PROJECT 60,000
    NORTH SHORE HEALTH CARE FOUNDATIONPO BOX 454
    GRAND MARAIS,MN55604     		  PC CAPACITY BUILDING 25,000
    NORTHERN LAKE COUNTY ARTS BOARDPO BOX 67
    SILVER BAY,MN55614     		  PC SIMPLE GIFTS WITH BILLY MCLAUGHLIN 6,000
    NORTHLAND FOUNDATION202 W SUPERIOR ST
    STE 610
    DULUTH,MN55802     		  PC AGE TO AGE FELLOWS PROGRAM 20,000
    NORTHWOODS VOLUNTEER CONNECTIONPO BOX 2113
    TOFTE,MN55615     		  PC CAPACITY BUILDING 10,000
    SAWTOOTH MOUNTAIN CLINIC513 5TH AVE W
    GRAND MARAIS,MN55604     		  PC ORAL HEALTH TASK FORCE 10,000
    SCHROEDER AREA HISTORICAL SOCIETY7932 W HWY 61
    SCHROEDER,MN55613     		    CROSS RIVER HERITAGE CTR MASTER SITE 16,000
    ST ANN'S HOME330 E THIRD ST
    DULUTH,MN55805     		  PC GENERAL OPERATING SUPPORT 10,000
    TWIN PORTS MINISTRY TO SEAFARERS2024 WEST THIRD STREET
    DULUTH,MN55806     		  PC FAMILY SHORT TERM HOUSING & STABILIZ 10,000
    VALLEY YOUTH CENTER720 NORTH CENTRAL AVENUE
    DULUTH,MN55807     		  PC YOUTH DEVELOPMENT & RECREATIONAL 10,000
    VOYAGEURS AREA COUNCIL BOYS SCOUTS3877 STEBNER ROAD
    HERMANTOWN,MN55811     		  PC ARROWHEAD & NORTH SHORE RECRUITMENT 15,000
    WESTERN L SUPR HABITAT FOR HUMANITY2431 WEST 3RD ST
    DULUTH,MN55806     		  PC AGE IN PLACE LAKE COUNTY 10,000
    WJ MCCABEIZAAC WALTON LEAGUEPO BOX 3063
    DULUTH,MN55803     		    50TH ANNIV EARTH DAY CELEBRATION 2,000
    Total ...............................bullet 3a 873,188
    bApproved for future payment
    COLLEGE OF ST SCHOLASTICA INC1200 KENWOOD AVE
    DULUTH,MN55811     		  PC LIVE FROM MITCHELL: EXPANDING OPPOR 1,960
    COOK COUNTY HIGHER EDUCATION300 W 3RD ST
    GRAND MARAIS,MN55604     		  PC SCHOLARSHIP & SUPPORT STAFF POSITION 15,493
    DULUTH COMMUNITY SCHOOL COLLABORATI32 EAST FIRST ST
    DULUTH,MN55802     		  PC EXPANDED & ENRICHED LEARNING TIME 15,000
    ECOLIBRIUM32014 WEST SUPERIOR ST
    DULUTH,MN55806     		  PC LEGACY HOUSE CAPITAL PROJECT 40,000
    FATHERS RISE TOGETHER201 EAST 1ST STREET
    SUITE 3-4
    DULUTH,MN55812     		  PC AFRICAN HERITAGE COLLECTIVE 5,000
    HOPE FOR KIDS CHILDCARE301 WEST ST MARIE ST
    DULUTH,MN55805     		  PC SAFETY & SECURITY SYSTEMS 7,700
    LIFE HOUSE INC102 W 1ST ST
    DULUTH,MN55802     		  PC THE LOFT: TEEN EMERGENCY 25,000
    NORDIC CENTER23 NORTH LAKE AVENUE
    DULUTH,MN55802     		  PC ARTS & CULTURE EVENTS COORDINATOR 14,000
    SERVE MINNESOTA120 S 6TH ST STE 2260
    MINNEAPOLIS,MN55402     		  PC KINDERGARTEN READINESS IN DULUTH 25,000
    ZEITGEIST CENTER FOR ARTS & COMMUNI222 E SUPERIOR ST
    STE 326
    DULUTH,MN55802     		  PC DULUTH STORY PROJECT 25,000
    Total ................................bullet 3b 174,153

    TY 2020 AccountingFeesSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN:
    51-0180842
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 8,330 2,083   6,248

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

    TY 2020 DepreciationSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN:
    51-0180842
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    OFFICE FURNITURE 2007-02-28 2,150 2,150 200DB 7.0000        
    OFFICE FURNITURE/HOM 2007-03-01 1,376 1,376 200DB 7.0000        
    ART WORK/UNDERWOOD PHOTOS 2007-06-01 300 300 200DB 7.0000        
    ART WORK/LIZZARD'S 2007-08-01 201 201 200DB 7.0000        
    COMPUTER AND PRINTER 2009-11-18 2,221 2,221 200DB 5.0000        
    SHARP COPIER 2011-07-31 3,571 3,571 200DB 7.0000        
    OFFICE EQUIPMENT 2013-11-01 928 928 200DB 5.0000        
    COMPUTER/DOWNTOWN COMPUTERS 2014-04-30 2,046 2,046 200DB 5.0000        
    DOWNTOWN COMPUTERS 2016-02-05 2,199 2,199 200DB 3.0000        
    HP PROBOOK 450 2020-04-01 1,764   200DB 5.0000 353      
    HP PROBOOK 430/RACHEL LAPTOP 2020-05-06 1,964   200DB 5.0000 393      

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN:
    51-0180842
    Name of Bond End of Year Book Value End of Year Fair Market Value
    NORTH SHORE BANK OF COMMERCE ACCOUNT    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN:
    51-0180842
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN HARDBOARD & NUPLY CORP. 60,447 60,447

    TY 2020 InvestmentsOtherSchedule2
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN:
    51-0180842
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    NORTH SHORE ACCT EQUITY MUTUAL FUNDS FMV 17,540,252 17,540,252
    NORTH SHORE ACCT FIXED INCOME FUNDS FMV 4,000,130 4,000,130
    NORTH SHORE ACCT MONEY MARKET ACCOU FMV 334,639 334,639
    ULLAND INVESTMENTS ACCOUNT FMV 8,466,036 8,466,036
    NORTH SHORE ACCT ACCRUED INCOME FMV 6,414 6,414
    ULLAND ACCT ACCRUED INCOME FMV 16,633 16,633

    TY 2020 LandEtcSchedule2
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN:
    51-0180842
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE FURNITURE & EQUIPMENT 18,721 15,738 2,983 2,983


    TY 2020 OtherExpensesSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN:
    51-0180842
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BANK CHARGES        
    DUES & MEMBERSHIPS 1,365 341   1,024
    MISCELLANEOUS        
    INSURANCE 2,669 667   2,002
    PARKING EXPENSE 450 113   338
    PROMOTION & WEBSITE 5,016 1,254   3,762
    OFFICE & POSTAGE 11,824 2,956   8,868
    TELEPHONE EXPENSE 3,224 806   2,418
    FILING FEE 25     25


    TY 2020 OtherIncomeSchedule2
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN:
    51-0180842
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PRIOR YEAR GRANT RETURNED 5,506    


    TY 2020 OtherIncreasesSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN:
    51-0180842
    Description Amount
    UNREALIZED INVESTMENT GAINS 2,875,232


    TY 2020 OtherLiabilitiesSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN:
    51-0180842
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL EXCISE TAX PAYABLE -7,852 7,680


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN:
    51-0180842
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY & CUSTODIAL 95,077 95,077    


    TY 2020 TaxesSchedule
    Name:
    LLOYD K JOHNSON FOUNDATION
    EIN:
    51-0180842
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 16,080