Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
GRANITE FOUNDATION AGENCY (PLG)
 
Number and street (or P.O. box number if mail is not delivered to street address)1444 NORTHLAND DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MENDOTA HEIGHTS, MN55120
A Employer identification number

26-0010320
B Telephone number (see instructions)

(651) 699-0206
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$16,606,027J 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) 2,240,020
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 323,332 273,282  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 212,375
b Gross sales price for all assets on line 6a 876,118
7 Capital gain net income (from Part IV, line 2)... 264,625
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
List of Attached Documents:
// Content
-264,203 0  
12 Total. Add lines 1 through 11........ 2,511,524 537,907  
Operating and Administrative Expenses 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)......... Click to see attachment
List of Attached Documents:
// Content
5,000 2,500   2,500
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,270 10,635   10,635
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
48,186 48,186   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,899 4,899   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 101,352 0   101,352
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
32,003 0   32,003
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 212,710 66,220   146,490
25 Contributions, gifts, grants paid....... 584,209 584,209
26 Total expenses and disbursements. Add lines 24 and 25 796,919 66,220   730,699
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,714,605
b Net investment income (if negative, enter -0-) 471,687
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,382,313 2,140,647 2,140,647
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 14,030 55,816 55,816
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,645,925 Click to see attachment
List of Attached Documents:
// Content
5,859,724 		7,971,399
c Investments—corporate bonds (attach schedule)....... 1,932 0 0
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,291,304 Click to see attachment
List of Attached Documents:
// Content
6,081,459 		6,438,165
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,335,504 14,137,646 16,606,027
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
1,002,967
23 Total liabilities (add lines 17 through 22)......... 0 1,002,967
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 11,335,504 13,134,679
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 11,335,504 13,134,679
30 Total liabilities and net assets/fund balances (see instructions). 11,335,504 14,137,646
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
11,335,504
2
Enter amount from Part I, line 27a .....................
2
1,714,605
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
84,570
4
Add lines 1, 2, and 3 ..........................
4
13,134,679
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,134,679
Form 990-PF (2022)
Form 990-PF (2022)
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 PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES D    
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 660,147   586,311 73,836
b 154,569   25,182 129,387
c 61,402     61,402
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       73,836
b       129,387
c       61,402
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 264,625
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  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
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 right arrow 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) 1 6,556
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 6,556
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 6,556
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 18,444
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 18,444
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 11,888
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow11,888 Refundedright arrow 11 0
Part VI-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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
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 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowTHE FOUNDATION Telephone no.right arrow (651) 699-0206

Located atright arrow1444 NORTHLAND DRIVEMENDOTA HEIGHTSMN ZIP+4right arrow55120
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 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 2022.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
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? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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
TIMOTHY MADDEN VICE PRESIDENT
2.00 		0 0 0
1876 GLUEK LANE
ROSEVILLE,MN551133851
DIANE MADDEN PRESIDENT
2.00 		0 0 0
1876 GLUEK LANE
ROSEVILLE,MN551133851
MICHAELA MADDEN DIRECTOR
1.00 		0 0 0
1876 GLUEK LANE
ROSEVILLE,MN551133851
FRANCIS T MADDEN DIRECTOR
1.00 		0 0 0
1876 GLUEK LANE
ROSEVILLE,MN551133851
PAUL C SMITH SECRETARY/TREASURER
1.00 		0 0 0
1876 GLUEK LANE
ROSEVILLE,MN551133851
MALLORY L MADDEN DIRECTOR
1.00 		0 0 0
1876 GLUEK LANE
ROSEVILLE,MN551133851
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...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
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.............right arrow0
Part VIII-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 VIII-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.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
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
10,241,805
b
Average of monthly cash balances.......................
1b
1,106,838
c
Fair market value of all other assets (see instructions)................
1c
3,245,355
d
Total (add lines 1a, b, and c).........................
1d
14,593,998
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
14,593,998
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
218,910
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
14,375,088
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
718,754
Part X
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 IX, line 6..................
1
718,754
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
6,556
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,556
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
712,198
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
712,198
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
712,198
Part XI
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
730,699
b
Program-related investments—total from Part VIII-B..................
1b
0
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 XII, line 4. .......
4
730,699
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 712,198
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 57,403
b From 2018...... 2,540
c From 2019...... 57,517
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........ 117,460
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 730,699
a Applied to 2021, 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 2022 distributable amount..... 712,198
e Remaining amount distributed out of corpus 18,501
5 Excess distributions carryover applied to 2022. 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 5 135,961
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		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 2017 not
applied on line 5 or line 7 (see instructions) ... 		57,403
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		78,558
10 Analysis of line 9:
a Excess from 2018.... 2,540
b Excess from 2019.... 57,517
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022.... 18,501
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 XIV
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).)
TIMOTHY MADDEN
DIANE MADDEN
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GRANITE FOUNDATION
1876 GLUEK LN
ROSEVILLE,MN551133851
(651) 699-0206
bThe form in which applications should be submitted and information and materials they should include:
N/A
cAny submission deadlines:
N/A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
N/A
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
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

BILLMAN-HUNT FUNERAL CHAPEL INC

2701 CENTRAL AVE
NE MINNEAPOLIS,MN55418 		NONE PC DONATION 1,200

BT LHCS DRAGON DASH

4912 VINCENT AVE S
MINNEAPOLIS,MN55410 		NONE PC FUNDRAIDER DONATION 1,403

CHAMPION CLUB APARTMENTS

6751 PARKLAND PLACE APT 55
FLORENCE,KY41042 		NONE PC RENT GRANT 2,235

CHURCH OF CORPUS CHRISTI

2131 FAIRVIEW AVE N
ROSEVILLE,MN55113 		NONE PC DONATION 500

DALLAS SAFARI CLUB

13709 GAMMA ROAD
DALLAS,TX75244 		NONE PC FOUNDATION DONATION 30,421

DODGE NATURE CENTER

365 MARIE AVE W
ST PAUL,MN55118 		NONE PC DONATION 10,000

EMILY'S ENTOURAGE

100 SAINT GEORGES RD UNIT G1
ARDMORE,PA19003 		NONE PC FUNDRAISER DONATION 1,360

GABRIELLE'S ANGEL FOUNDATION

142 W 57TH ST FL 11
NEW YORK,NY10019 		NONE PC FUNDRAISER DONATION 2,700

HOPE ACADEMY

2300 CHICAGO AVE S
MINNEAPOLIS,MN55404 		NONE PC SCHOLARSHIP 4,250

HOPE INC

810 4TH AVE S STE 140
MOORHEAD,MN56560 		NONE PC FUNDRAISER DONATION 53,000

IDTS MEDICAL FOUNDATION

7533 SUNWOOD DR NW STE 308
ANOKA,MN55303 		NONE PC DONATION 1,350

JDRF MINNESOTADAKOTAS

3001 METRO DRIVE STE 100
BLOOMINGTON,MN55425 		NONE PC DONATION 67,412

JESUIT RETREAT HOUSE

8243 DEMONTREVILLE TR N
LAKE ELMO,MN550429546 		NONE PC DONATION 3,000

MENTOR FOUNDATION

PO BOX 7100
FAIRFAX STATION,VA22039 		NONE PC FUNDRAISER DONATION 635

MERRICK INC

3210 LABORE ROAD
VADNAIS HEIGHTS,MN55110 		NONE PC DONATION FOR CASE SEALER 2,000

MINNESOTA ZOO

13000 ZOO BOULEVARD
APPLE VALLEY,MN55124 		NONE PC DONATION 250

MN SCI

PO BOX 1303
BURNSVILLE,MN55337 		NONE PC DONATION 9,560

MN STATE FAIR FOUNDATION

1265 SNELLING AVENUE NORTH
ST PAUL,MN55108 		NONE PC DONATION 12,250

MOTHER AFRICA

1209 CENTRAL AVE S STE 120
KENT,WA98032 		NONE PC DONATION 50,000
MYRIAM RUIZ


400 HOLLY
ST PAUL,MN55102 		NONE I GRANT 25,000

PEACEMAKER MINNESOTA

2131 FAIRVIEW AVE N STE E
ST PAUL,MN55113 		NONE PC DONATION 1,000

SAFARI CLUB INTERNATIONAL

4800 WEST GATES PASS ROAD
TUSCON,AZ857459490 		NONE PC DONATION 9,250

ST PAUL FESTIVAL & HERITAGE FOUNDATION

75 5TH ST W 429
ST PAUL,MN55102 		NONE PC DONATION 27,350

STARLIGHT CHILDREN'S FOUNDATION

400 CORPORATE POINTE STE 590
CULVER CITY,CA90230 		NONE PC FUNDRAISER DONATION 9,015

TAPEMARK CHARITY PRO AM

1685 MARTHALER LN
WEST ST PAUL,MN55118 		NONE PC DONATION 3,000

THE MCCOURT FOUNDATION

100 GRANDVIEW RD
BRAINTREE,MA02184 		NONE PC DONATION 683

TILLY'S LIFE CENTER

17 PASTEUR
IRVINE,CA92618 		NONE PC FUNDRAISER DONATION 23,825
TRACY TALLON


6751 PARKLAND PLACE APT 55
FLORENCE,KY41042 		NONE I GRANT 265

UNIVERSITY OF MINNESOTA FOUNDATION

MCNAMARA ALUMNI CENTER 200 OAK
STREET SE
MINNEAPOLIS,MN55455 		NONE PC JEAN K QUAM FELLOWSHIP IN SOCIAL WORK 687

UNIVERSITY OF NOTRE DAME

1100 GRACE HALL
NOTRE DAME,IN465565612 		NONE PC DONATION 40,000

WILDER FOUNDATON

451 LEXINGTON PKWY N
ST PAUL,MN55104 		NONE PC DONATION 2,115

ARMED SERVICES YMCA LAWTONFT SILL

900 NW CACHE ROAD
LAWTON,OK73507 		NONE PC DONATION 5,000

MAKE A WISH FOUNDATION

1919 UNIVERSITY AVE W 415
ST PAUL,MN55104 		NONE PC DONATION 765

COMMUNITY OF SAINTS REGIONAL CATHOLIC SCHOOL

335 HURLEY ST E
ST PAUL,MN55118 		NONE PC DONATION 2,500

DOCTORS WITHOUT BORDERS

40 RECTOR ST FL 16
NEW YORK,NY10006 		NONE PC DONATION 1,000

IMPERIAL ORDER OF FIRE AND BRIMSTONE LTD

PO BOX 692
SOUTH ST PAUL,MN55075 		NONE PC DONATION 2,500

FOUNDATION FOR PRADER WILLI RESEARCH

440 N BARRANCA AVE 3620
COVINA,CA91723 		NONE PC DONATION 2,860

GIFT OF LIFE

34 E WASHINGTON ST
HUNTINGTON,IN46750 		NONE PC DONATION 4,000

GOODWILL

1247 NORTHWOOD PKWY
EAGAN,MN55121 		NONE PC DONATION 75

KERR BROTHERS FUNERAL HOME

463 EAST MAIN STREET
LEXINTON,KY41701 		NONE PC DONATION 2,000

KEYSTONE PARTNERSHIP

4391 STURBRIDGE DRIVE
HARRISBURG,PA17110 		NONE PC DONATION 5,000

LAKE HARRIET ELEMENTARY SCHOOL

4030 CHOWEN AVE S
MINNEAPOLIS,MN55410 		NONE PC DONATION 1,000

NEIGHBORHOOD GREENING

1704 VICKI LANE
MENDOTA HEIGHTS,MN55118 		NONE PC DONATION 5,000
ADREA OWSLEY


379 HORSEHOE BEND RD
REDFOX,KY41847 		NONE I HARDSHIP 500

AI-ANON

1111 S ORCHARD ST
BOISE,ID83705 		NONE PC DONATION 1,000
AMANDA HALL


97 NASCAR RIDGE
REDFOX,KY41847 		NONE I HARDSHIP 500
AMBER STAPLETON


7111 DIXIE HWY
FLORENCE,KY41042 		NONE I HARDSHIP 500
AMY GRANT


7111 DIXIE HWY
FLORENCE,KY41042 		NONE I HARDSHIP 500
ANDREW KILBOURNE


86 BLUE BIRD LN
HYDEN,KY41749 		NONE I HARDSHIP 500
ANNIE HAMBLIN


20 CONDY LN
HAZARD,KY41701 		NONE I HARDSHIP 500
ANTHONY LOFFMAN


7111 DIXIE HWY
FLORENCE,KY41042 		NONE I HARDSHIP 5,000
ASHLEY NOBLE


364 TENMILE CREEK RD
CHAVIES,KY41727 		NONE I HARDSHIP 500
AUTUMN FLETCHER


828 RIGHT FORK TURNER BRANCH
EASTERN BRANCH,KY41622 		NONE I HARDSHIP 2,500

BAILEY HOUSE

1751 PARK AVE
NEW YORK CITY,NY10035 		NONE PC DONATION 1,200
BART MULLINS


71 NETTIES LANE
MALLIE,KY41836 		NONE I HARDSHIP 500
BESSIE COMBS


60 CHEROKEE HILL CIR 446
HAZARD,KY41701 		NONE I HARDSHIP 500
BILLE CAMPBELL


222 RAVEN DR PO BOX 874
WOOTON,KY41776 		NONE I HARDSHIP 500
BRIAN FIELDS


2641 HIGHWAY 588
WHITESBURG,KY41858 		NONE I HARDSHIP 500
BRITTANY BENTLEY


879 COMBS BRANCH RD
HINDMAN,KY41822 		NONE I HARDSHIP 500
BRITTANY CAUDILL


PO BOX 12
HUEYSVILLE,KY41640 		NONE I HARDSHIP 2,000
BRITTANY COLLINS


309 DEEP HOLLOW
BLACKEY,KY41804 		NONE I HARDSHIP 500
CAITLYN EVERAGE


193 COATS BRANCH RD
HAZARD,KY41701 		NONE I HARDSHIP 500
CAMERON MINIARD


3221 LEFT FOK MACES CRED RD
VIPER,KY41774 		NONE I HARDSHIP 500
CHARLEY MILLER


85 HARRIS BRANCH LN
HAZARD,KY41701 		NONE I HARDSHIP 500
CINDY CLEARY


7217 KIMBLE DRIVE
INDIANAPOLIS,IN46217 		NONE I FUNERAL EXPENSE 1,537
CONNIE BAKER


PO BOX 1442
HAZARD,KY41702 		NONE I HARDSHIP 500
CRYSTAL CATES


2395 BIG WILLARD RD
BUSY,KY41723 		NONE I HARDSHIP 500
DAROLD PARKS


7111 DIXIE HWY
FLORENCE,KY41042 		NONE I HARDSHIP 500
DESTINY FREEMAN


820 BEECH NUT LANE
BUSY,KY41723 		NONE I HARDSHIP 500
ELIZABETH KONTOS


5003 FRASURE CREEK
MCDOWELL,KY41647 		NONE I HARDSHIP 500
ELIZABETH MORRIS


7177 HWY 160 S
LITTCAR,KY41834 		NONE I HARDSHIP 500
FREDDIE COLLINS


PO BOX 53
HAZARD,KY41702 		NONE I HARDSHIP 3,500
GARRETT BRYANT


385 GRASSY FORK
JOCKHORN,KY41825 		NONE I HARDSHIP 500
JACINDA JOHNSON


70 REBEL LANE
KITE,KY41828 		NONE I HARDSHIP 500
JACKIE VEITH


7111 DIXIE HWY
FLORENCE,KY41042 		NONE I HARDSHIP 5,000
JAMES DENTINGER


1344 HWY 3410
MAYKING,KY41837 		NONE I HARDSHIP 500
JAMES SEBASTIAN


65 CARNATION DR
WOOTON,KY41776 		NONE I HARDSHIP 500
JEANETTE WILLAIMS


418 HWY 3405
EOLIA,KY40826 		NONE I HARDSHIP 500
JENNIFER KILBURN


PO BOX 2272 1404 E KENTUCKY HWY 80
HAZARD,KY41702 		NONE I HARDSHIP 500
JENNIFER RILEY-BOWLING


177 BENT BR RD
CORNETTSVILLE,KY41731 		NONE I HARDSHIP 500
JESSIE BOWLING


58 WHITE LIGHTENING WAY
CONFLUENCE,KY41749 		NONE I HARDSHIP 500
JIMMY ADAMS JR


450 BI FORK RD
YEADDISS,KY41777 		NONE I HARDSHIP 500
JIMMY MILLER


401 BIRCH LANE
HAZARD,KY41701 		NONE I HARDSHIP 500
JOHN HUBBARD


PO BOX 1533
HAZARD,KY41702 		NONE I HARDSHIP 500
JOHN KING


55 N ROBERTS DR
PRESTONBURG,KY41653 		NONE I HARDSHIP 500
JOSH MULLINS


1298 GEORGES BRANCH RD
VICCO,KY41773 		NONE I HARDSHIP 4,500
JOSIE NAPIER


556 KELLY FORK RD
HAZARD,KY41707 		NONE I HARDSHIP 500
KATRON JOHNSON


202 BUELLS LN
HAZARD,KY41701 		NONE I HARDSHIP 500
KENDRA CHRISTIAN


997 HIGHWAY 160 S 58
HINDMAN,KY41822 		NONE I HARDSHIP 500
KENNETH COLMER


828 MUDLICK RD PO BOX 058
AVAWAM,KY41713 		NONE I HARDSHIP 500
LANA ROSE


PO BOX 162 315 MAIN STREET
VICCO,KY41773 		NONE I HARDSHIP 500
LARRY FICK


7111 DIXIE HWY
FLORENCE,KY41042 		NONE I HARDSHIP 500
LEANEDRA MAHAN


1333 CONLEY FORK RD
PRESTONBURG,KY41653 		NONE I HARDSHIP 500
MARCUS SUMNER


3371 W KY HWY 80
HAZARD,KY41701 		NONE I HARDSHIP 500
MARION DELRAY


300 OAKLAND AVE
GREEN BAY,WI54303 		NONE I FUNERAL EXPENSE 500
MARY FIRZPATRICK


7111 DIXIE HWY
FLORENCE,KY41042 		NONE I HARDSHIP 500
MELISSA JONES


5422 LOST CREEK RD
HAZARD,KY41701 		NONE I HARDSHIP 500
NATHAN COUCH


7111 DIXIE HWY
FLORENCE,KY41042 		NONE I HARDSHIP 500

NORTHCUTT & SONS HOME FOR FUNERALS

400 FRALEY DRIVE
MOREHEAD,KY40351 		NONE PC HARDSHIP 3,000
PATIA SMITH


PO BOX 173
MOUSIE,KY41839 		NONE I HARDSHIP 500
PAT'S 605 CYCLERY


12310 STUDEBAKER RD
NORWALK,CA90650 		NONE I HARDSHIP 661

PERFECT GOLF EVENT

9889 GATE PARKWAY N 301
JACKSONVILLE,FL32246 		NONE PC DONATION 2,000

PRIVATE SCHOOL VILLAGE

4335 VAN NUYS BLVD 269
SHERMAN OAKS,CA91403 		NONE PC DONATION 1,035
RANDALL MILLER


PO BOX 212
CHAVIES,KY41727 		NONE I HARDSHIP 500
REBECCA CAMPBELL


5539 LOTTS CREEK RD
HAZARD,KY41701 		NONE I HARDSHIP 500
RONDA COMBS


7111 DIXIE HWY
FLORENCE,KY41042 		NONE I HARDSHIP 500

RONDO CENTER OF DIVERSE EXPRESSION

315 FISK STREET
ST PAUL,MN55104 		NONE PC DONATION 5,000
SAMANTHA OSBORNE


189 FROGTOWN RD
PIKEVILLE,KY41501 		NONE I HARDSHIP 500
SEAN OWENS


5025 HWY 721
HAZARD,KY41701 		NONE I HARDSHIP 500
SHERRY COLE


2071 SOUTH PUNCHEON
ROYALTON,KY41464 		NONE I HARDSHIP 500

SOUTHWINDS OF MINNESOTA

239 MENDOTA ROAD EAST W
ST PAUL,MN55118 		NONE PC DONATION 90

ST JOSEPH FUNERAL HOME

24980 STATE ROAD 2
SOUTH BEND,IN46619 		NONE PC DONATION 1,500

ST LUKE'S PRESBYTERIAN CHURCH

3121 GROVELAND SCHOOL ROAD
MINNETONKA,MN55391 		NONE PC FUNERAL EXPENSE 1,000
STEPHANIE MULLINS


22 BRANSHEE CREEK
MALLIE,KY41836 		NONE I HARDSHIP 500
STEVEN CALDVELL JR


PO BOX 364
MCDOWELL,KY41647 		NONE I HARDSHIP 500

TASTE OF RANDOLPH

1609 W BELMONT AVE
CHICAGO,IL60657 		NONE PC DONATION 1,030
TERESA MULLINS


13901 HWY 7 SO
KITE,KY41828 		NONE I HARDSHIP 3,000
TERRA HONEYCUTT


58 WHITE LIGHTENING WAY
CONFLUENCE,KY41749 		NONE I HARDSHIP 500

THE NEXT EDISON

1022 MEDINA ROAD
LONG LAKE,MN55356 		NONE PC DOINATION 25,000

THE THORN TREE PROJECT

104 WOOSTER ST PH N
NEW YORK CITY,NY10012 		NONE PC DONATION 2,060
TONYA SPRADLIN


523 CANTRELL FORK
HAGERHILL,KY41222 		NONE I HARDSHIP 500
TYLER KILBOURNE


PO BOX 201
AVAWAM,KY41713 		NONE I HARDSHIP 500
TYLER PARKS


7111 DIXIE HWY
FLORENCE,KY41042 		NONE I HARDSHIP 500

UNIVERSITY OF ST THOMAS LACROSSE

2115 SUMMIT AVE
ST PAUL,MN55105 		NONE PC DONATION 1,000
VICKI HILL


180 MEADOWBROK RD
HAZARD,KY41701 		NONE I HARDSHIP 500

VT GOLDENS

605 COMMERICAL STREET S
SALEM,OR97630 		NONE PC FUNERAL EXPENSE 3,625

WEST RIVER DENTAL CARE

4103 EAST LAKE STREET
MINNEAPOLIS,MN55406 		NONE PC DONATION 2,500

WHY HUNGER

505 EIGHTH AVENUE SUITE 1212
NEW YORK,NY10018 		NONE PC DONATION 8,699
WILLIE WYATT


180 BRONZE DRIVE
WHITESBURG,KY41858 		NONE I HARDSHIP 500

WOODCREST BAPTIST CHURCH

6875 UNIVERSITY AVE NE
FRIDLEY,MN55432 		NONE PC DONATION 500

WOUNDED WARRIOR PROJECT

4899 BELFORT ROAD SUITE 300
JACKSONVILLE,FL32256 		NONE PC DONATION 3,000
ZACHARY OWENS


720 BEARVILLE RD
EMMALENA,KY41740 		NONE I HARDSHIP 500
ZACHERY TURNER


16203 KY HWY
BUCKHORN,KY41721 		NONE I HARDSHIP 500
JEANA MORENO


10964 SAILOR WAY
WOODBURY,MN55129 		NONE I FUNERAL EXPENSE 1,000

IZAAK WALTON SHOOTING SPORTS

707 CONSERVATION LN
GAITHERSBERG,MD20878 		NONE PC DONATION 150

THEATRE DEVELOPMENT FUND

520 8TH AVE RM 801
NEW YORK CITY,NY10018 		NONE PC DONATION 2,200

THE GOTHAM

55 WASHINGTON STREET SUITE 324
BROOKLYN,NY11201 		NONE PC DONATION 7,509

ART IGNITE

165 W 46TH ST STE 1310
NEW YORK CITY,NY10036 		NONE PC DONATION 1,908

CHAI LIFELINE TEAM

151 W 30TH ST
NEW YORK CITY,NY10001 		NONE PC DONATION 260

HOUSING WORKS

121 N AVENUE 59
LOS ANGELES,CA90042 		NONE PC DONATION 725

INSPIRING CHILDREN FOUNDATION

30 STADA DI VILLAGIO UNIT 325
HENDERSON,NV89011 		NONE PC DONATION 3,060

FRENCH INSTITUTE - ALLIANCE FRANCAISE

22 E 60TH ST
NEW YORK CITY,NY10022 		NONE PC DONATION 935

NATIONAL TENNIS FOUNDATION

7469 TWIN BRANCH RD
ATLANTA,GA30328 		NONE PC DONATION 2,110

ST JUDE'S MECIAL RESEARCH

262 DANNY THOMAS PL
MEMPHIS,TN38105 		NONE PC DONATION 1,160

MUSICIANS ON CALL

618 GRASSMERE PARK STE 1
NASHVILLE,TN37211 		NONE PC DONATION 13,339
Total .................................right arrow 3a 584,209
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 323,332  
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 .....     14    
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 212,375  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    14 -264,203  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 271,504 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
271,504
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-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 (2022)
Form 990-PF (2022)
Page 13
Part XVI
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.
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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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


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

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
GRANITE FOUNDATION AGENCY (PLG)
 
Employer identification number

26-0010320
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
GRANITE FOUNDATION AGENCY (PLG)
  		Employer identification number
26-0010320
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
TIM AND DIANE MADDEN
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 300,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
TOM JACKIE MARTIN
718 PENFOLDS LANE
 
COPPELL, TX75019

$ 8,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
MORGAN MADDEN-LEWIS
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 300,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
MICHAELA MADDEN
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 200,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
FRANCIS MADDEN
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 200,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
KEVIN MADDEN
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 200,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Name of organization
GRANITE FOUNDATION AGENCY (PLG)
  		Employer identification number
26-0010320
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
7
MELANIE MADDEN
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 200,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
GREGORY MADDEN
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 200,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
MALLORY MADDEN
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 200,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 117,110


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
11
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 28,240


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
12
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 47,550


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Name of organization
GRANITE FOUNDATION AGENCY (PLG)
  		Employer identification number
26-0010320
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
13
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 49,550


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
14
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 37,660


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
15
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 31,295


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
16
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 39,640


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
17
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 80,475


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
GRANITE FOUNDATION AGENCY (PLG)
  		Employer identification number

26-0010320
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
10
 2000 SHARES OF FORD AND 1000 SHARES OF GENERAL MOTORS $ 117,110 2022-01-04
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
11
 1000 SHARE OF HALIBURTON $ 28,240 2022-01-12
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
12
 1000 SHARES OF MOSAIC $ 47,550 2022-02-08
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
13
 1000 SHARES OF FREEPORT MCMORAN $ 49,550 2022-02-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
14
 1000 SHARES OF HOWMET AEROSPACE $ 37,660 2022-03-22
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
15
 1100 SHARES OF ALLEGHENY TECH $ 31,295 2022-03-25
Schedule B (Form 990) (2022)
Name of organization
GRANITE FOUNDATION AGENCY (PLG)
  		Employer identification number

26-0010320
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
16
 500 SHARES OF MOSAIC $ 39,640 2022-04-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
17
 1500 SHARES OF PROMETHEUS BIO $ 80,475 2022-08-25
(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) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
GRANITE FOUNDATION AGENCY (PLG)
  		Employer identification number

26-0010320
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 21,270 10,635   10,635

TY 2022 InvestmentsCorpStockSchedule
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK (AVAILABLE UPON REQUEST) 5,859,724 7,971,399

TY 2022 InvestmentsOtherSchedule2
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OTHER ASSETS (AVAILABLE UPON REQUEST) AT COST 6,081,459 6,438,165

TY 2022 LegalFeesSchedule
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 5,000 2,500   2,500


TY 2022 OtherExpensesSchedule
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE AG FEES 25 0   25
INSURANCE RENEWAL 1,236 0   1,236
VEHICLE EXP 1,218 0   1,218
OTHER EXPENSES 2,827 0   2,827
MEALS 2,749 0   2,749
MISCELLANEOUS FEES 23,948 0   23,948


TY 2022 OtherIncomeSchedule2
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME -264,203   -264,203


TY 2022 OtherIncreasesSchedule
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Description Amount
PRIOR PERIOD ADJUSTMENT 84,570


TY 2022 OtherLiabilitiesSchedule
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Description Beginning of Year - Book Value End of Year - Book Value
LINE OF CRDIT 0 1,002,967


TY 2022 OtherProfessionalFeesSchedule
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MANAGEMENT FEES 48,186 48,186   0


TY 2022 TaxesSchedule
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX WITHHELD 4,899 4,899   0