TY 2020 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	88,441
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	93,370	93,370
5a	Gross rents............	450,738	409,811
b	Net rental income or (loss) 223,389
6a	Net gain or (loss) from sale of assets not on line 10		104,402
b	Gross sales price for all assets on line 6a 699,629
7	Capital gain net income (from Part IV, line 2)...		104,402
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........	736,951	607,583
	13	Compensation of officers, directors, trustees, etc.	126,372	0		126,372
14	Other employee salaries and wages......	10,877	0		6,537
15	Pension plans, employee benefits.......	9,252	0		9,252
16a	Legal fees (attach schedule).........		2,524	0		7,524
b	Accounting fees (attach schedule).......		6,825	3,413		3,412
c	Other professional fees (attach schedule)....		42,015	22,427		14,331
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		4,325	0		0
19	Depreciation (attach schedule) and depletion...		760	0
20	Occupancy..............	7,677	0		7,677
21	Travel, conferences, and meetings.......	1,727	0		1,727
22	Printing and publications..........
23	Other expenses (attach schedule).......		390,963	206,706		185,626
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	603,317	232,546		362,458
25	Contributions, gifts, grants paid.......	148,100			148,100
26	Total expenses and disbursements. Add lines 24 and 25	751,417	232,546		510,558
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-14,466
b	Net investment income (if negative, enter -0-)		375,037
c	Adjusted net income (if negative, enter -0-)...

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.............	151,505	166,025	166,025
	2	Savings and temporary cash investments.........	23,445	23,610	23,610
	3	Accounts receivable 83,149
		Less: allowance for doubtful accounts	1,471	83,149	83,149
	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..........		7,378	7,378
	10a	Investments—U.S. and state government obligations (attach schedule)	50,422	249,885	249,885
	b	Investments—corporate stock (attach schedule).......	4,258,480	2,801,913	2,801,913
	c	Investments—corporate bonds (attach schedule).......	254,783	1,531,770	1,531,770
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	188,046	202,326	202,326
	14	Land, buildings, and equipment: basis 916,711
		Less: accumulated depreciation (attach schedule) 126,531	689,597	790,180	2,603,556
	15	Other assets (describe )	408,648	352,475	352,475
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	6,026,397	6,208,711	8,022,087
	17	Accounts payable and accrued expenses..........	69,674	43,577
	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 )	86,987	41,879
	23	Total liabilities (add lines 17 through 22).........	156,661	85,456
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	5,859,166	6,112,685
	25	Net assets with donor restrictions............	10,570	10,570
		Foundations that do not follow FASB ASC 958, check here
		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).....	5,869,736	6,123,255
	30	Total liabilities and net assets/fund balances (see instructions).	6,026,397	6,208,711

(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	P
b
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	699,629	595,227	104,402
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			104,402
b
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	104,402
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

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	5,213
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	5,213
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	5,213
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	3,455
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	3,455
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	1,758
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

(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
GARY OLSON	DIRECTOR 1.00	1,500	0	0
130 WEST SUPERIOR STREET NO 700 DULUTH,MN55802
GREGORY S KVAM	DIRECTOR 1.00	1,500	0	0
130 WEST SUPERIOR STREET NO 700 DULUTH,MN55802
BETH ELSTAD	DIRECTOR 1.00	14,000	0	0
130 WEST SUPERIOR STREET NO 700 DULUTH,MN55802
BARBARA CASKEY	DIRECTOR 1.00	1,250	0	0
130 WEST SUPERIOR STREET NO 700 DULUTH,MN55802
GREG RUBERG	DIRECTOR 1.00	1,500	0	0
130 WEST SUPERIOR STREET NO 700 DULUTH,MN55802
KATHY MCNAMARA-HEIMBACH	EXECUTIVE DIRECTOR 40.00	94,926	5,696	671
130 WEST SUPERIOR STREET NO 700 DULUTH,MN55802
THOMAS HYSTEAD	BOARD CHAIR 1.00	2,000	0	0
130 WEST SUPERIOR STREET NO 700 DULUTH,MN55802
DIANE HOLIDAY-WELSH	VICE CHAIR 1.00	2,000	0	0
130 WEST SUPERIOR STREET NO 700 DULUTH,MN55802
JULIE STONE	SECRETARY 1.00	2,000	0	0
130 WEST SUPERIOR STREET NO 700 DULUTH,MN55802

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	DEMENTIA FRIENDLY DULUTH (DFD)OUR GOAL IS TO MAKE THE COMMUNITY MORE AWARE, INFORMED, SENSITIVE AND SUPPORTIVE OF PEOPLE EXPERIENCING AND CARING FOR THOSE WITH ALZHEIMER'S AND OTHER FORMS OF DEMENTIA.OUR OBJECTIVE IS TO IMPROVE AWARENESS OF THE RESOURCES AND ORGANIZATIONS AVAILABLE TO SUPPORT PEOPLE WITH DEMENTIA AND THEIR FAMILIES AND INCREASE KNOWLEDGE OF DEMENTIA ACROSS THE COMMUNITY.DFD ESTABLISHED AND FACILITATES DEMENTIA COLLABORATIVE MEETINGS AND ACTIVITIES. THE COLLABORATION WAS FORMED AS A PROGRAM OF DFD FOR THE PURPOSE OF NETWORKING, SHARING, IDEA GENERATING, AND GROUP ACTIONS ACROSS COMMUNITY.CURRENT PRIORITY AREAS - DEMENTIA CHORUS SIMILAR TO THE GIVING VOICE CHORUS, DEMENTIA FRIENDS TRAINING ACROSS THE COMMUNITY, YOUTH OUTREACH, RESIDENTIAL AND MEDICAL FACILITY STAFF TRAINING, SUPPORT RESOURCES FOR PEOPLE WITH DEMENTIA AND CAREGIVERS, TRANSPORTATION, AND LIBRARY COLLABORATION.	12,173
2	THE VICTORY CHORUSTHE VICTORY CHORUS SUPPORTS THE INITIATIVE OF BECOMING A DEMENTIA FRIENDLY COMMUNITY.THE CHORUS OFFERS THE RESIDENTS OF DULUTH WHO HAVE BEEN AFFECTED BY DEMENTIA WITH A UNIQUE OPPORTUNITY TO BUILD CONNECTIONS, SEEK JOY AND MEANINGFUL ENGAGEMENT IN THEIR COMMUNITY THROUGH SONG. THE CHORUS PROVIDES A VENUE FOR CAREGIVERS AND PERSONS WITH DEMENTIA AN OPPORTUNITY TO HAVE A SHARED EXPERIENCE WHICH PROMOTES THEIR STRENGTHS AND ABILITIES DESPITE DISEASE. THROUGH PARTICIPATION IN REHEARSALS AND PUBLIC PERFORMANCES, THE CHORUS PROMOTES SELF-DISCOVERY, LEARNING, LAUGHTER AND A SENSE OF INCLUSION.COVID PRESENTED CHALLENGES FOR THE CHORUS IN 2020. LIKE MANY ORGANIZATIONS VICTORY CHORUS HAD TO ADAPT ITS PROGRAM FORMAT THROUGH THE USE OF TECHNOLOGY. A SINGALONG FORMAT WAS IMPLEMENTED. THE SINGALONG FORMAT PROVIDES OPPORTUNITIES FOR SOCIALIZATION AND CONNECTION VIA ZOOM. THE VICTORY CHORUS WAS ABLE TO BROADEN ITS REACH THROUGH THE USE OF TECHNOLOGY.	130,985
3


4

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

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					352,581
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......
d From 2018......	33,208
e From 2019......	161,159
fTotal of lines 3a through e........		194,367
4Qualifying distributions for 2020 from Part
XII, line 4: $ 510,558
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.....					352,581
e Remaining amount distributed out of corpus		157,977
5 Excess distributions carryover applied to 2020.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		352,344
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 ......		352,344
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....	33,208
d Excess from 2019....	161,159
e Excess from 2020....	157,977

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

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

KATHY HEIMBACH
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
(218) 727-9872
KHEIMBACH@THEVICTORYFUND.ORG

bThe form in which applications should be submitted and information and materials they should include:

THE FOUNDERS' FUND SCHOLARSHIP IS AWARDED TO HELP FINANCE THE COST OF HIGHER EDUCATION OR CONTINUING EDUCATION FOR STUDIES IN THE HEALTH CARE FIELD. ONE THOUSAND DOLLARS ($1,000) WILL BE AWARDED TO EACH RECIPIENT, TO BE PAID OUT IN FIVE HUNDRED DOLLAR ($500) INSTALLMENTS FOR EACH OF TWO YEARS. A RECIEPENT MAY RE-APPLY FOR AN ADDITIONAL TWO YEARS OF AWARDS AT THE END OF THE FIRST SCHOLARSHIP. INDIVIDUALS MAY APPLY FOR THE SCHOLARSHIP ONLINE AT WWW.THEVICTORYFUND.ORG OR THE APPLICATION MAY BE DOWNLOADED AND SUBMITTED VIA MAIL TO: THE VICTORY FUND KATHY HEIMBACH, EXECUTIVE DIRECTOR 130 WEST SUPERIOR STREET, SUITE 700 DULUTH, MINNESOTA 55802

cAny submission deadlines:

APRIL 1, EACH YEAR

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

ELIGIBILITY REQUIREMENTS: - APPLICANTS MUST BE ACCEPTED TO AN ACCREDITED SCHOOL OF HIGHER EDUCATION WHICH OFFERS AN ASSOCIATE OF SCIENCE OR ARTS DEGREE (OR HIGHER) IN A HEALTHCARE FIELD AS STATED BELOW. - APPLICANTS MUST PURSUE STUDIES IN MEDICINE, NURSING, HEALTHCARE ADMINISTRATION, PHARMACY STUDIES, MEDICAL TECHNOLOGY, MEDICAL RECORDS, X-RAY TECHNOLOGY, DENTISTRY, DENTAL HYGIENE, OCCUPATIONAL HEALTH, OCCUPATIONAL THERAPY, SPEECH THERAPY, PHYSICAL THERAPY, RESPIRATORY THERAPY, MEDICAL SOCIAL WORK, PSYCHOLOGY, OR PARAMEDIC. - APPLICANTS MUST BE A GRADUATE OF LAKE SUPERIOR SCHOOL DISTRICT OR RESIDENT OF LAKE COUNTY MINNESOTA.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

KATHY HEIMBACH
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
(218) 727-9872
KHEIMBACH@THEVICTORYFUND.ORG

bThe form in which applications should be submitted and information and materials they should include:

THE DR. JERRY CHURCH COMMUNITY HEALTH SUSTAINER'S AWARD IS AVAILABLE TO HELP INDIVIDUALS FINANCE THE COST OF MEDICAL TRAINING. THE AWARD IS ONE THOUSAND DOLLARS ($1,000) AND WILL BE PAID OUT IN FIVE HUNDRED DOLLAR ($500) INSTALLMENT FOR EACH OF TWO YEARS. INDIVIDUALS MAY APPLY FOR THE SCHOLARSHIP ONLINE AT WWW.THEVICTORYFUND.ORG OR THE APPLICATION MAY BE DOWNLOADED AND SUBMITTED VIA MAIL TO: THE VICTORY FUND KATHY HEIMBACH, EXECUTIVE DIRECTOR 130 WEST SUPERIOR STREET, SUITE 700 DULUTH, MINNESOTA 55802

cAny submission deadlines:

APRIL 1, EACH YEAR

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

ELIGIBILITY REQUIREMENTS: - BE ACCEPTED TO THE COLLEGE OF ST. SCHOLASTICA, THE UNIVERSITY OF MINNESOTA DULUTH SCHOOL OF MEDICINE OR LAKE SUPERIOR COLLEGE RN PROGRAM. - CAREER GOAL OF BEING A FAMILY PRACTICE PHYSICIAN, NURSE PRACTITIONER OR A REGISTERED NURSE IN A RURAL HEALTH CARE SETTING. - BE A GRADUATE OF LAKE, COOK, OR ST. LOUIS COUNTY HIGH SCHOOL, OR A RESIDENT OF LAKE COUNTY MN AT THE TIME OF APPLICATION AND AWARD.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

KATHY HEIMBACH
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
(218) 727-9872
KHEIMBACH@THEVICTORYFUND.ORG

bThe form in which applications should be submitted and information and materials they should include:

GENERAL PURPOSES - BASED ON RESOLUTIONS ADOPTED BY THE BOARD OF DIRECTORS, THE FOUNDATION IS OPERATED TO SUPPORT COMMUNITY-BASED PROGRAMS FOCUSED ON FINDING SOLUTIONS TO CHRONIC HEALTH ISSUES. ORGANIZATIONS MAY DOWNLOAD THE GRANT APPLICATION ONLINE AT WWW.THEVICTORYFUND.ORG AND EMAIL THE COMPLETED APPLICATION TO KHEIMMBACH@THEVICTORYFUND.ORG. THEN MAIL OR HAND DELIVER 6 COPIES OF THE COMPLETED APPLICATION TO: THE VICTORY FUND KATHY HEIMBACH, EXECUTIVE DIRECTOR 130 WEST SUPERIOR STREET, SUITE 700 DULUTH, MINNESOTA 55802

cAny submission deadlines:

PROPOSALS ARE REVIEWED AND AWARDED ON A QUARTERLY BASIS

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

THE FOUNDATION ACCEPTS GRANT REQUESTS FROM ELIGIBLE TAX-EXEMPT ORGANIZATIONS OPERATING WITHIN NORTHERN MINNESOTA COUNTIES OF: COOK, LAKE, ST. LOUIS, CARLTON, ITASCA, NORTHERN PINE AND KOOCHICHING.

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
CENTER FOR ALCOHOL AND DRUG TREATMENT INC 1402 EAST SUPERIOR STREET DULUTH,MN55802	N/A	PC	WHOLE-BEING WELL-BEING YOGA PROGRAM	2,500
DENFELD ALL NIGHT GRAD PARTY PO BOX 161156 DULUTH,MN55816	N/A	GOV	2020 ALL NIGHT GRAD PARTY	100
ERIC CARLSON 501 16TH AVE TWO HARBORS,MN55616	NONE	I	SCHOLARSHIP	500
LIFE HOUSE 102 WEST 1ST STREET DULUTH,MN55802	N/A	PC	PROVIDE PEER RECOVERY SUPPORT SERVICES FOR HOMELESS AND AT-RISK YOUTH; 2020 CELEBRATION OF SUCCESS	36,500
RECOVERY ALLIANCE DULUTH INC 230 WEST SUPERIOR STREET SUITE 441 DULUTH,MN55802	N/A	PC	DEVELOPMENT, COORDINATION AND DELIVERY OF PEER-BASED RECOVERY SUPPORT SERVICES IN NORTHEASTERN MN; 2020 RECOVERY WALK SPONSORSHIP	91,000
DAMIANO CENTER 206 WEST 4TH STREET DULUTH,MN55806	N/A	PC	HEALTH REALIZATION PROGRAM (HR) - HR SERVES INDIVIDUALS IN NORTHEASTERN MN WHO ARE IN GREAT NEED OF SUPPORT FOR RECOVERY FROM ADDICTION AND CHEMICAL DEPENDENCY.	12,500
GENERATIONS HEALTH CARE INITIATIVES INC 130 WEST SUPERIOR STREET SUITE 700 DULUTH,MN55802	N/A	PF	BRIDGE TO HEALTH SURVEY FUNDING	2,500
ALZHEIMER'S ASSOCIATION 4960 MILLER TRUNK HIGHWAY SUITE 700 DULUTH,MN55811	N/A	PC	2020 ALZHEIMER'S WALK	500
CHURCHES UNITED IN MINISTRY 102 WEST SECOND STREET DULUTH,MN55802	N/A	PC	SCHOOL BACKPACK PROGRAM	1,000
ALEXIS HANSON 1191 WEST KNIFE RIVER ROAD TWO HARBORS,MN55616	NONE	I	SCHOLARSHIP	1,000
Total ................................. 3a				148,100

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

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

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	93,370
5 Net rental income or (loss) from real estate:
aDebt-financed property......	531110	20,284
bNot debt-financed property.....			16	203,105
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	104,402
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)..		20,284		400,877	0

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

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.


(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

bApproved for future payment

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

Name of organization FIRST COMMUNITY HEALTH 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	MN BOARD ON AGING PO BOX 64976 ST PAUL, MN55164	$ 75,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	ARROWHEAD AREA AGENCY ON AGING 221 WEST 1ST STREET DULUTH, MN55802	$ 6,700	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)

Name of organization FIRST COMMUNITY HEALTH FOUNDATION		Employer identification number 41-0635532

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)


Name of organization FIRST COMMUNITY HEALTH FOUNDATION			Employer identification number 41-0635532
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.

Name of Bond	End of Year Book Value	End of Year Fair Market Value
DODGE & COX INCOME FUND	279,730	279,730
DODGE & COX INCOME FUND	5,588	5,588
PRAXAIR, INC. SR NTS 2.45% DUE 2/15/2022 DTD 2/6/2012	50,914	50,914
TOYOTA MOTOR CREDIT CORP SR NTS 3.30% DUE 1/12/2022 DTD 1/12/2012	51,579	51,579
US BANK NA CINCINNATI SR NTS 3.40% DUE 7/24/2023 DTD 7/24/2018	53,713	53,713
FEDERATED HERMES INSTITUTIONAL HIGH YIELD BOND FUND	154,219	154,219
FEDERATED HERMES ULTRA SHORT BOND FUND-NEW INSTITUTIONAL SHARES	53,835	53,835
VANGUARD TOTAL BOND MARKET INDEX FUND - ADMIRAL SHARES	274,654	274,654
VANGUARD HIGH-YIELD CORPORATE FUND - ADMIRAL SHARES	103,640	103,640
VANGUARD GNMA FUND - ADMIRAL SHARES	237,532	237,532
VANGUARD SHORT-TERM TREASURY FUND - ADMIRAL SHARES	245,224	245,224
VANGUARD TOTAL BOND MARKET INDEX FUND - ADMIRAL SHARES	5,619	5,619
VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND - ADMIRAL SHAR	2,116	2,116
VANGUARD HIGH-YIELD CORPORATE FUND - ADMIRAL SHARES	3,603	3,603
VANGUARD GNMA FUND - ADMIRAL SHARES	5,634	5,634
VANGUARD SHORT-TERM TREASURY FUND - ADMIRAL SHARES	4,170	4,170

Name of Stock	End of Year Book Value	End of Year Fair Market Value
DODGE & COX INTERNATIONAL STOCK	119,068	119,068
DODGE & COX INTERNATIONAL STOCK	2,023	2,023
FIDELITY CONTRAFUND	3,708	3,708
FIDELITY CONTRAFUND	277,854	277,854
FIDELITY DIVERSIFIED INTERNATIONAL FUND	151,112	151,112
FIDELITY DIVERSIFIED INTERNATIONAL FUND	1,919	1,919
MAIRS & POWER GROWTH FUND	241,372	241,372
MAIRS & POWER GROWTH FUND	3,815	3,815
T. ROWE PRICE DIVIDEND GROWTH FUND	309,952	309,952
T. ROWE PRICE DIVIDEND GROWTH FUND	4,614	4,614
T. ROWE PRICE GROWTH STOCK FUND	4,029	4,029
T. ROWE PRICE GROWTH STOCK FUND	295,761	295,761
VANGUARD 500 INDEX FUND - ADMIRAL SHARES	377,268	377,268
VANGUARD 500 INDEX FUND - ADMIRAL SHARES	4,924	4,924
VANGUARD EMERGING MARKETS STOCK INDEX FUND - ADMIRAL SHARES	83,442	83,442
VANGUARD EMERGING MARKETS STOCK INDEX FUND - ADMIRAL SHARES	790	790
VANGUARD EQUITY INCOME FUND - ADMIRAL SHARES	259,256	259,256
VANGUARD EQUITY INCOME FUND - ADMIRAL SHARES	4,049	4,049
VANGUARD MID CAP INDEX FUND - ADMIRAL SHARES	216,244	216,244
VANGUARD MID CAP INDEX FUND - ADMIRAL SHARES	4,486	4,486
VANGUARD REIT INDEX FUND - ADMIRAL SHARES	104,796	104,796
VANGUARD REIT INDEX FUND - ADMIRAL SHARES	1,131	1,131
VANGUARD SMALL-CAP GROWTH INDEX FUND - ADMIRAL SHARES	2,600	2,600
VANGUARD SMALL-CAP GROWTH INDEX FUND - ADMIRAL SHARES	205,709	205,709
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND - ADMIRAL SHARES	2,362	2,362
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND - ADMIRAL SHARES	119,629	119,629

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ACCRUED INTEREST RECEIVABLE	FMV	4,133	4,133
ACCRUED RESTRICTED INVESTMENT	FMV	37	37
FEDERATED GOVERNMENT OBLIGATIONS FUND - PREMIER SHARES	FMV	2,046	2,046
FEDERATED GOVERNMENT OBLIGATIONS FUND - PREMIER SHARES	FMV	196,110	196,110

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OFFICE EXPENSES	3,554	0	3,554
INFORMATION TECHNOLOGY	6,362	0	6,362
INSURANCE	2,098	0	4,349
MISCELLANEOUS EXPENSE	16	0	16,466
LEGACY EXPENSES	8,426	0	8,426
INVESTMENT RENTAL EXPENSES - VICTORY APTS	227,349	206,706	0
DEMENTIA FRIENDLY DULUTH PROGRAM EXPENSES	12,173	0	15,484
VICTORY CHORUS PROGRAM EXPENSES	130,985	0	130,985

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	22,427	22,427		0
OTHER FEES	19,588	0		14,331

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