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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
ROLES FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)19399 STONEGATE DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PRIOR LAKE, MN55372
A Employer identification number

26-1584011
B Telephone number (see instructions)

(952) 201-1467
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$6,152,855J 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) 125,703
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 121,006 119,859  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 65,682
b Gross sales price for all assets on line 6a 679,490
7 Capital gain net income (from Part IV, line 2)... 65,682
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
1,009,323 1,008,723  
12 Total. Add lines 1 through 11........ 1,321,714 1,194,264  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 6,700 0   6,700
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,991 0   11,991
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
50,212 50,212   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,856 2,856   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
326 0   326
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 72,085 53,068   19,017
25 Contributions, gifts, grants paid....... 249,360 249,360
26 Total expenses and disbursements. Add lines 24 and 25 321,445 53,068   268,377
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,000,269
b Net investment income (if negative, enter -0-) 1,141,196
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 152,567 151,575 151,575
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..........      
10a Investments—U.S. and state government obligations (attach schedule) 414,860 Click to see attachment
List of Attached Documents:
// Content
652,044 		634,588
b Investments—corporate stock (attach schedule)....... 2,668,833 Click to see attachment
List of Attached Documents:
// Content
3,818,323 		4,661,033
c Investments—corporate bonds (attach schedule)....... 263,843 Click to see attachment
List of Attached Documents:
// Content
338,648 		331,793
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).......... 111,638 Click to see attachment
List of Attached Documents:
// Content
370,443 		373,866
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
800,000 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,411,741 5,331,033 6,152,855
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)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 4,411,741 5,331,033
29 Total net assets or fund balances (see instructions)..... 4,411,741 5,331,033
30 Total liabilities and net assets/fund balances (see instructions). 4,411,741 5,331,033
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
4,411,741
2
Enter amount from Part I, line 27a .....................
2
1,000,269
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,412,010
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
80,977
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,331,033
Form 990-PF (2023)
Form 990-PF (2023)
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 CAPITAL GAINS DIVIDENDS P    
c
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 679,190   613,808 65,382
b 300     300
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       65,382
b       300
c
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 65,682
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
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 15,863
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 15,863
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 15,863
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 8,786
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 8,786
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 296
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 7,373
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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 2023 or the taxable year beginning in 2023? 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
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 arrowTHOMAS M ROLES Telephone no.right arrow (952) 201-1467

Located atright arrow19399 STONEGATE DRIVEPRIOR LAKEMN ZIP+4right arrow55372
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 2023, 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
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
Yes
 
(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
 
No
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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)
 
No
(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
 
 
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
THOMAS M ROLES PRESIDENT
1.00 		0 0 0
19399 STONEGATE DRIVE
PRIOR LAKE,MN55372
KARI L ROLES SECRETARY
0.50 		0 0 0
19399 STONEGATE DRIVE
PRIOR LAKE,MN55372
LISA M TONN TREASURER
1.00 		6,700 0 0
C/O 19399 STONEGATE DRIVE
PRIOR LAKE,MN55121
MADISON ROLES DIRECTOR
0.50 		0 0 0
C/O 19399 STONEGATE DRIVE
PRIOR LAKE,MN55121
SHELBY GRAF DIRECTOR
0.50 		0 0 0
C/O 19399 STONEGATE DRIVE
PRIOR LAKE,MN55121
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 (2023)
Form 990-PF (2023)
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 (2023)
Form 990-PF (2023)
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
4,946,128
b
Average of monthly cash balances.......................
1b
688,197
c
Fair market value of all other assets (see instructions)................
1c
200,000
d
Total (add lines 1a, b, and c).........................
1d
5,834,325
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
5,834,325
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
87,515
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,746,810
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
287,341
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
287,341
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
15,863
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
15,863
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
271,478
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
271,478
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
271,478
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
268,377
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
268,377
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 271,478
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 248,851
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 268,377
a Applied to 2022, but not more than line 2a 248,851
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 2023 distributable amount..... 19,526
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 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 0
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		251,952
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
THOMAS M ROLES
KARI L ROLES
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
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

AFRICAN CHILDREN TODAY

PO BOX 390123
EDINA,MN55439 		N/A PC PROGRAM SUPPORT 14,860

BEST BUDDIES

100 SOUTHEAST SECOND ST 2200
MIAMI,FL33131 		N/A PC PROGRAM SUPPORT 10,000

C4 FOUNDATION

PO BOX 181679
CORONDO,CA92178 		N/A PC PROGRAM SUPPORT 10,000

CONVOY OF HOPE

PO BOX 1125
SPRINGFIELD,MO65801 		N/A PC PROGRAM SUPPORT 21,500

FEED MY STARVING CHILDREN

401 93RD AVE NW
COON RAPIDS,MN55433 		N/A PC PROGRAM SUPPORT 20,000

FIELDS OF GRACE

18334 GA HWY 85 W
SHILOH,GA31826 		N/A PC PROGRAM SUPPORT 8,000

FRASER

2400 WEST 64TH STREET
MINNEAPOLIS,MN55423 		N/A PC PROGRAM SUPPORT 14,000

HOPE KIDS

PO BOX 44712
EDEN PRAIRIE,MN55344 		N/A PC PROGRAM SUPPORT 15,000

HOUSING FIRST MN FOUNDATION

2960 CENTRE POINTE DRIVE
ROSEVILLE,MN55113 		N/A PC 2023 COMMUNITY BUILD PROJECT 10,000

LIFEWORKS

6636 CEDAR AVE SOUTH 250
RICHFIELD,MN55423 		N/A PC PROGRAM SUPPORT 10,000

MCKENNA CLAIRE FOUNDATION

PO BOX 8094
HUNTINGTON BEACH,CA92615 		N/A PC PROGRAM SUPPORT 15,000

MN WISHES AND MORE

961 HILLWIND RD NE
MINNEAPOLIS,MN55432 		N/A PC PROGRAM SUPPORT 17,000

NAVY SEAL FOUNDATION

1619 D STREET BLDG 5326
VIRGINIA BEACH,VA23459 		N/A PC WARRIOR FITNESS PROGRAM SUPPORT 15,000

NEUROIMMUNE FOUNDATION

PO BOX 25
COLGATE,WI53017 		N/A PC PANDAS FELLOWING SUPPORT AT STANFORD UNIVERSITY 5,000

OPERATION UNDERGROUND RAILROAD (OUR)

PO BOX 560902
DENVER,CO802560902 		N/A PC PROGRAM SUPPORT 16,000

PINKEY SWEAR FOUNDATION

5555 WEST 78TH STREET E
EDINA,MN55439 		N/A PC PROGRAM SUPPORT 15,000

PRISON FELLOWSHIP

PO BOX 1550
MERRIFIELD,VA22116 		N/A PC ANGEL TREE GIFTS FOR PRISON FAMILIES 3,000

ST DAVID'S CENTER

3395 PLYMOUTH RD
MINNETONKA,MN55305 		N/A PC PROGRAM SUPPORT 18,000

ST JUDE CHILDREN'S RESEARCH HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105 		N/A PC CHILDHOOD CANCER RESEARCH AND TREATMENT 5,000

TRANSVERSE MYLETIS SRNA

PO BOX 826962
PHILADELPHIA,PA191826962 		N/A PC FAMILY CAMP SUPPORT FOR CHILDREN WITH DISABILITIES 7,000
Total .................................right arrow 3a 249,360
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 ....     14 121,006  
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 1,008,723  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 65,682  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPRIOR YEAR SELF-DEALING CORRECTION PAYMENT 		    01 600  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,196,011 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,196,011
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 (2023)
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
2023
Name of the organization
ROLES FAMILY FOUNDATION
 
Employer identification number

26-1584011
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) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
ROLES FAMILY FOUNDATION
  		Employer identification number
26-1584011
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
THOMAS AND KARI ROLES
 
19399 STONEGATE DRIVE
 
PRIOR LAKE, MN55372

$ 125,703


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

$  


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

$  


(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) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
ROLES FAMILY FOUNDATION
  		Employer identification number

26-1584011
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
1
 294 SHARESS OF SPDR S&P500 ETF TRUST STOCK $ 125,703 2023-09-28
(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) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
ROLES FAMILY FOUNDATION
  		Employer identification number

26-1584011
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) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
ROLES FAMILY FOUNDATION
EIN:
26-1584011
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE 11,991 0   11,991

TY 2023 InvestmentsCorpBondsSchedule
Name:
ROLES FAMILY FOUNDATION
EIN:
26-1584011
Name of Bond End of Year Book Value End of Year Fair Market Value
AMAZON COM INC NOTE CALL MAKE WHOLE 10,084 9,901
ARCHER DANIELS MIDLAND CO NOTE 22,495 23,327
BK OF AMERICA CORP 3.24800% 26,631 23,786
BLACKROCK INC NOTE CALL MAKE WHOLE 10,025 9,957
CATERPILLAR FINL SVCS S BE MTN 1.4500% 25,033 23,885
CITIGROUP INC NOTE 1.12200% 30,018 27,564
COMCAST CABLE COMM NOTE 31,305 31,952
QUALCOMM INC NOTE CALL MAKE WHOLE 24,172 24,200
HSBC HLDGS PLC NOTE 4.30000% 26,643 24,580
INTERNATIONAL BUSINESS MACHS 8.37500% 34,690 34,682
JPMORGAN CHASE & CO NOTE 3.30000% 15,022 14,520
PEPSICO INC NOTE CALL MAKE WHOLE 24,929 25,473
TARGET CORP NOTE CALL MAKE WHOLE 9,267 9,625
UNITEDHEALTH GROUP INC NOTE 3.10000% 19,111 19,417
UNITED PARCEL SVCS INC NOTE 3.40000% 18,691 19,329
WAL-MART INC NOTE CALL MAKE WHOLE 10,532 9,595

TY 2023 InvestmentsCorpStockSchedule
Name:
ROLES FAMILY FOUNDATION
EIN:
26-1584011
Name of Stock End of Year Book Value End of Year Fair Market Value
ACCENTURE PLC 20,300 25,617
ADOBE SYSTEMS INCORPORATED COM 14,870 27,444
ALPHABET INC CAP STK CL A 23,196 45,679
AMAZON.COM INC 10,794 13,219
AMPHENOL CORP CL A 7,521 19,826
APPLE INC 9,281 34,655
AUTODESK INC 20,183 20,696
BOOKING HLDGS INC COM 10,817 21,283
BROADRIDGE FINANCIAL SOLUTIONS LLC 4,826 12,757
DISNEY WALT CO 17,039 15,530
DOLLAR GEN CORP NEW COM 18,157 14,139
FISERV INC 16,513 21,254
HOME DEPOT INC COM 19,303 29,457
ICON PLC ORD EUR 13,707 19,532
INTUIT INC 12,931 19,376
MARKEL CORP COM NPV 15,227 19,879
MASTERCARD INC CL A 11,247 21,326
MICROSOFT CORP 26,950 39,484
PAYPAL HLDGS INC 27,803 13,019
RESTAURANT BRANDS INTERNATIONAL INC COM 14,608 17,579
RTX CORPORATION COM 8,142 9,592
S&P GLOBAL INC COM 8,486 16,740
SHERWIN WILLIAMS CO 5,984 14,659
TAKE-TWO INTERACTIVE SOFTWARE INC 10,146 12,876
THERMO FISHER SCIENTIFIC INC 9,714 19,108
TJX COS INC NEW COM 9,971 19,700
UNITEDHEALTH GROUP INC 17,932 19,479
VISA INC COM CL A 6,785 18,485
ZEBRA TECHNOLOGIES CORP CL A 12,936 15,033
ZOETIS INC 9,760 17,369
JPMORGAN STRATEGIC INCOME OPPS - CL I 171,978 170,901
BARON EMERGING MARKETS FUND INSTL 185,479 188,157
AMERICAN BEACON AHL MNGD FUTURES STRAT Y 23,020 21,763
CALAMOS HEDGED EQUITY INCOME 37,690 40,822
LS OPORTUNITY FUND 61,310 67,794
PALM VALLEY CAPITAL FUND 26,887 27,574
THE MERGER FUND CL I 44,397 44,167
FIRST TR EXCHANGE-TRADED FD III 32,006 36,145
FRANKLIN TEMPLETON ETF TR SYSTEMTC STYL 31,180 30,802
DOUBLELINE TOTAL RETURN BOND FD CL I 285,474 247,452
ACADIA HEALTHCARE COMPANY INC COM 5,431 10,031
AGREE RLTY CORP COM 9,491 8,813
APTARGROUP INC ATR 4,565 6,305
ATKORE INC COM 10,518 13,920
ATLANTIC UN BANKSHARES CORP 9,212 9,793
AZENTA INC COM 9,776 10,683
BIO RAD LABORATORIES INC CL A 9,797 9,364
BJS WHSL CLUB HLDGS INC 9,460 16,598
BOOZ ALLEN HAMILTON HLDG CORP CL A 8,455 16,500
BRIGHT HORIZONS FAMILY SOLUTIONS INC 11,369 10,461
BURLINGTON STORES INC COM ISIN BURL 7,910 9,530
CARTERS INC COM 3,855 4,269
CATALENT INC COM CTLT 4,400 5,481
CAVCO INDS INC DEL 8,928 16,291
CCC INTELLIGENT SOLUTIONS HLD COM 10,657 10,502
CHAMPIONX CORPORATION COM 3,732 4,732
CHART INDS INC COM 6,509 5,317
COGNEX CORP COM CGNX 13,623 12,480
COLUMBUS MCKINNON CORP 8,589 7,609
COMFORT SYSTEMS USA INC 7,437 16,248
CYBERARK SOFTWARE LTD COM 12,392 17,743
DORMAN PRODS INC COM DORM 7,500 8,675
EAGLE MATERIALS INC 7,640 15,010
EASTERLY GOVT PPTYS INC COM 8,448 6,935
EASTGROUP PPTYS INC COM 8,597 9,911
ELEMENT SOLUTIONS INC COM 10,204 13,213
ENTEGRIS INC 8,122 15,816
EXPONENT INC EXPO 5,415 8,804
FEDERAL SIGNAL CORP 5,279 12,585
FIVE BELOW INC COM ISIN #US33829M1018 FIVE 6,790 12,576
GATES INDUSTRIAL CORP 9,839 9,326
GENTHERM INC 8,829 6,650
GIBRALTAR INDS INC 6,638 10,899
GLACIER BANCORP INC NEW COM ISIN GBCI 5,580 6,653
GLOBANT SA 13,984 16,183
GLOBUS MEDICAL INC 10,207 10,392
GRAND CANYON ED INC 5,248 7,394
HALOZYME THERAPEUTHICS INC 8,393 7,614
HEXCEL CORP COM NEW 8,289 10,768
HOLOGIC INC 9,840 9,574
IDACORP INC 8,854 9,144
IDEX CORP COM USD0.01 12,540 12,592
INTERGER HLDGS CORP COM 9,351 12,088
INTRA-CELLULAR THERAPIES INC COM 10,441 13,106
ITT INC COM 8,283 11,216
JAZZ PHARMACEUTICALS PLC COM USD0.002 11,459 10,209
KINSALE CAP GROUP INC COM 7,434 14,066
KRISPY KREME INC COM 4,030 4,240
LANCASTER COLONY CORP 10,413 9,817
LINCOLN ELECTRIC HOLIDNGS INC 8,988 13,265
LITHIA MOTORS INC CL A 7,171 15,476
MACOM TECH SOLUTIONS HLDGS INC COM 6,688 10,596
MAGNOLIA OIL & GAS CORP CL A 7,137 6,983
MANHATTAN ASSOCIATES INC 10,001 15,288
MARKETAXESS HLDGS INC COM ISIN MKTX 5,926 7,028
MATADOR RESOURCES COMPANY COM USD0.01 8,338 8,472
MOLINA HEALTHCARE INC 2,098 5,420
NATIONAL STORAGE AFFILIATES 5,941 6,096
NEUROCRINE BIOSCIENCES INC 9,407 13,440
NORDSON CORP COM ISIN #US6556631025 NDSN 8,756 16,114
OVINTIV INC COM ISIN 7,292 7,159
PAYLOCITY HOLDING CORP 12,759 11,045
PERFORMANCE FOOD GROUP CO 10,757 15,144
PHYSICIANS REALTY TRUST COM 5,067 4,366
PINNACLE FINL PARTNERS INC 10,727 16,397
PIPER SANDLER COMPANIES COM 8,258 14,339
POLARIS INDS INC 8,670 8,435
PORTLAND GEN ELEC CO COM NEW 9,200 8,971
PROCORE TECHNOLOGIES INC COM 9,293 10,036
QUAKER CHEM CORP COM ISIN #US7473161070 KWR 10,056 13,445
RAPID7 INC COM 4,046 7,423
RBC BEARINGS INC ROLL 7,488 17,378
RPM INTL INC FORMERLY RPM INC OHIO TO RPM 7,072 12,391
SCHNEIDER NATIONAL INC CL B 7,153 7,482
SILICON LABORATORIES INC OC COM 6,740 9,127
SM ENERGY CO 4,860 4,879
STIFEL FINANCIAL CORP 7,475 8,713
SUN COMMUNITIES INC 8,584 11,227
TANDEM DIABETES CARE INC COM NEW 6,935 7,632
TEXAS ROADHOUSE INC COM 10,565 16,868
TORO CO COM ISIN #US8910921084 SEDOL TTC 6,416 9,887
VAIL RESORTS INC 7,056 6,831
VERICEL CORP 6,307 6,374
VOYA FINANCIAL INC COM 13,374 16,051
WINTRUST FINANCIAL CORP 7,897 10,666
ZEBRA TECHNOLOGIES CORP CL A ZBRA 6,351 10,387
AIR PRODUCTS AND CHEMICALS INC 21,320 22,725
ALTRIA GROUP INC 14,111 13,474
APPLE INC 14,454 39,661
BERKSHIRE HATHAWAY INC 18,037 28,533
BLACKROCK INC 18,007 28,413
CHEVRON CORP NEW 15,449 19,987
CINCINNATI FINANCIAL CORP 13,324 12,933
CISCO SYS INC COM 15,337 19,046
COMCAST CORP 15,335 13,988
CROWN CASTLE INTL CORP 19,611 17,048
DIAGEO ADR 19,792 17,479
DOMINION ENERGY INC 20,478 14,006
FASTENAL 11,694 20,921
FIDELITY NATL INFORMATION SERVICES COM 26,746 19,703
JOHNSON & JOHNSON 22,722 24,922
LOWES COMPANIES INC 14,501 26,038
MERCK& CO INC NEW COM 17,913 23,875
MICROSOFT CORP 15,146 30,083
NESTLE S A SPONSORED ADR 13,753 14,222
NINTENDO 8 ADR REP ORD 13,969 15,458
NORFOLK SOUTHERN CORP 23,047 27,893
NORTHROP GRUMMAN CORP COM USD1 18,342 20,130
PAYCHEX INC 14,238 19,177
PHILIP MORRIS INTERNATIONAL INC 24,188 26,060
PROGRESSIVE CORP 12,755 21,503
SCHWAB CHARLES CORP COM 18,490 24,218
STARBUCKS CORP COM USDO 22,069 22,274
TEXAS INSTRUMENTS INC 22,335 28,126
UNITED PARCEL SVC INC CL B 16,702 19,968
VERIZON COMMUNICATIONS 15,325 11,913
ADIDAS AG ADR 11,148 13,011
AIA GROUP LTD SPONSORED ADR ISIN 5,596 5,963
AKZO NOBEL NV SPONSORED ADR ISIN 11,759 11,734
AMADEUS IT GROUP S A ADS 14,397 17,515
BAYER AG SPON ADR-EACH REP 0.25 ORD SHS 15,273 10,273
BNP PARIBAS SPONSORED ADR 16,126 19,802
BRITISH AMERICAN TOBACCO LVL II ADR EACH 9,912 7,967
CLP HOLDINGS LTD ADR EACH REP 1 HKD5 5,897 5,253
COMPAGNIE FINANCIERE RICHEMONT SA. SPON 6,823 6,075
CSL LTD SPON ADR EACH REPR 0.5 ORD 7,835 8,648
DAIKIN INDS LTD ADR ISIN #US23381B1061 9,984 12,839
DIAGEO ADR EACH REPR 4 ORD GBX 14,759 14,129
ENI SPA ADR EACH REP 2 ORD EURI(MGT) 11,869 14,556
FUJITSU UNSP ADR 13,589 13,574
GLENCORE PLC UNSPON ADR 9,039 11,477
HDFC BANK LTD ADS EACH REPR 3 INR10(MGT) 13,896 18,992
HEINEKEN NV SPONSORED ADR L1 8,992 9,533
HITACHI LTDADR 10 COM 11,288 21,396
IBERDROLA SA SPON ADR EACH REP 4 ORD 4,289 4,725
INTERCONTINENTAL HOTELS GROUP SPON ADS 7,056 8,753
KDDI CORP ADR 10,230 11,513
KUBOTA CORP ADR-EACH CNV INTO 5 ORD NPV 9,194 9,285
KYOCERA CORP SPON ADS EACH REP 1 ORD SHS 2,938 3,103
L AIR LIQUIDE ORD ADR 8,738 12,308
LINDE PLC COM 13,777 18,893
LLOYDS BANKING GROUP ADR 4 ORD 2,753 2,806
LONDON STOCK EXCHANGE GROUP UNSPN ADR 12,687 14,538
LVMH MOET HENNESSY VUITTON SE ADR EACH 10,397 15,758
MICHELIN (CIE GLE DES ETABL) UNSP ADS 3,757 4,616
MITSUBISHI UFJ FINL GROUP INC SPONSORED 12,561 18,710
NATWEST GROUP PLC SPON ADR EACH REPR 2 8,395 7,831
NESTLE S A SPONSORED ADR ISIN 15,323 18,732
NINTENDO CO LTD UNSP ADS EACH REP 0.25 3,937 4,780
NOVO NORDISK A/S ADR-EACH CNV INTO 1 5,334 18,414
QIAGEN NV SHS NEW SEDOL 4,664 4,256
RIO TINTO ADR EACH REP 1 ORD 2,928 3,276
ROCHE HLDG LTD SPONSORED ADR ISIN 17,412 17,753
RYANAIR HOLDINGS PLC ADR EACH 3,500 5,868
SANOFI ADR REP 1 1/2 ORD 15,092 15,018
SCHNEIDER ELECTRIC SE ADR ISIN 10,722 22,408
SEVEN &I HOLDINGS CO LTD UNSP ADR EACH 6,359 6,031
SMC SPN ADR REP ORD 2,496 2,323
SOFTBANK GROUP CORP UNSP ADR EACH REPR 4,818 5,351
SYMRISE AG UNSP ADR EACH REPR 0.25 ORD 10,380 13,342
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED 7,677 16,848
TECHTRONIC INDUSTRIES CO ADR EACH 1 CNV 3,933 8,114
TENARIS S.A. SPONS ADS EAHC REP 2 ORD 3,945 4,380
TOTAL ENERGIES SE 14,969 17,451
TOYOTA MOTOR CORP ADR-EACH REP 10 ORD 3,286 3,668
UBS GROUP CHF0.10 (REGD) ISIN 10,929 22,990
WOODSIDE ENERGY GROUP LTD SPON ADR EACH 6,578 6,517
ZURICH INSURANCE GROUP AG SPON ADR 10 13,587 20,025
RIVERPARK STRATEGIC INCOME FUND INSTL 367,425 341,728
VANGUARD INDEX FDS FORMERLY VANGUARD 429,733 683,081

TY 2023 InvestmentsGovtObligationsSch
Name:
ROLES FAMILY FOUNDATION
EIN:
26-1584011
US Government Securities - End of Year Book Value:

652,044
US Government Securities - End of Year Fair Market Value:

634,588
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
ROLES FAMILY FOUNDATION
EIN:
26-1584011
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
DRIESHAUS EVENT DRIVEN FUND AT COST 86,656 90,483
JP MORGAN STRATEGIC INCOME OPPS - CL I AT COST 83,787 83,383
GEROSYNTH LABS INC. SAFE AGREEMENT AT COST 200,000 200,000

TY 2023 OtherAssetsSchedule
Name:
ROLES FAMILY FOUNDATION
EIN:
26-1584011
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
AXA VARIABLE GROWTH ANNUITY 800,000 0 0


TY 2023 OtherDecreasesSchedule
Name:
ROLES FAMILY FOUNDATION
EIN:
26-1584011
Description Amount
BASIS ADJUSTMENT 668
FMV IN EXCESS OF BASIS ON CONTRIBUTED SECURITIES 80,309


TY 2023 OtherExpensesSchedule
Name:
ROLES FAMILY FOUNDATION
EIN:
26-1584011
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MN STATE FILING FEE 25 0   25
SERVICE FEES 301 0   301


TY 2023 OtherIncomeSchedule2
Name:
ROLES FAMILY FOUNDATION
EIN:
26-1584011
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
TAXABLE DISTRIBUTION FROM EQUITABLE INVESTMENT 1,008,723 1,008,723 1,008,723
PRIOR YEAR SELF-DEALING CORRECTION PAYMENT 600   600


TY 2023 OtherProfessionalFeesSchedule
Name:
ROLES FAMILY FOUNDATION
EIN:
26-1584011
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEE 50,212 50,212   0


TY 2023 TaxesSchedule
Name:
ROLES FAMILY FOUNDATION
EIN:
26-1584011
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX WITHHELD 2,856 2,856   0