TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go 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
JOHN K & MARGARET A OGREN FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 15
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
STILLWATER, MN55082

A Employer identification number

41-1819638

B Telephone number (see instructions)

(651) 439-5755

C If exemption application is pending, check here right arrow

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

D 1. Foreign organizations, check here............. right arrow

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

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

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

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

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

$2,216,514J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	55,210		55,210
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		104,872
b	Gross sales price for all assets on line 6a 432,961
7	Capital gain net income (from Part IV, line 2)...			104,872
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	160,082		160,082
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	3,234	1,617	1,617
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	19,996	19,996	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	2,096	184	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	25	0	25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	25,351		21,797	1,642
25	Contributions, gifts, grants paid.......	25,052			25,052
26	Total expenses and disbursements. Add lines 24 and 25	50,403		21,797	26,694
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	109,679
b	Net investment income (if negative, enter -0-)			138,285
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	134,627	36,791	36,791
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	9,953	List of Attached Documents: // Content 39,477	39,812
	b	Investments—corporate stock (attach schedule).......	1,146,999	List of Attached Documents: // Content 1,298,053	2,071,840
	c	Investments—corporate bonds (attach schedule).......	21,628	List of Attached Documents: // Content 38,996	41,056
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	14,456	List of Attached Documents: // Content 21,135	27,015
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,327,663	1,434,452	2,216,514
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	2,588	2,588
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	1,325,075	1,431,864
	29	Total net assets or fund balances (see instructions).....	1,327,663	1,434,452
	30	Total liabilities and net assets/fund balances (see instructions).	1,327,663	1,434,452

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

1,327,663

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

109,679

Other increases not included in line 2 (itemize) right arrow

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

1,437,342

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

2,890

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

1,434,452

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
1 a	SALE OF PUBLICLY TRADED SECURITIES	P
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	432,895	328,089	104,806
b	66		66
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			104,806
b			66
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	104,872
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	1,922
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	1,922
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	1,922
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	2,080
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	2,080
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	158
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax158	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address right arrow

N/A

The books are in care of right arrow

MARK J OGREN Telephone no. right arrow

(651) 439-5755

Located at right arrow

1749 GREELEY STREET SO BOX 15STILLWATERMN ZIP+4 right arrow

55082

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

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)

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

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)

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

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

1a(2)

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

1a(3)

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

1a(4)

(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)

(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)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

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

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

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

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(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)

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

5a(3)

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

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

5a(4)

(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)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

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
MARK J OGREN	PRESIDENT 1.00	0	0	0
1221 THIRD AVENUE SOUTH STILLWATER,MN55082	PRESIDENT 1.00	0	0	0
CHRISTOPHER R OGREN	VICE PRESIDENT 1.00	0	0	0
2647 S SHORE BLVD WHITE BEAR TOWNSHIP,MN55110	VICE PRESIDENT 1.00	0	0	0
STEPHEN D OGREN	SECRETARY 1.00	0	0	0
4698 MCDONALD DRIVE PLACE NORTH STILLWATER,MN55082	SECRETARY 1.00	0	0	0
ERIK W OGREN	TREASURER 1.00	0	0	0
13580 47TH STREET NORTH STILLWATER,MN55082	TREASURER 1.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (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 arrow

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 arrow

Form 990-PF (2023)

Page 8

Part IX

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

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

purposes:

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

2,020,884

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

52,028

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

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

2,072,912

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

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

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

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

2,072,912

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

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

31,094

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

2,041,818

Minimum investment return. Enter 5% (0.05) of line 5................

102,091

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.)

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

102,091

Tax on investment income for 2022 from Part V, line 5.......

1,922

Income tax for 2022. (This does not include the tax from Part V.) ...

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

1,922

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

100,169

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

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

100,169

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

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

100,169

Part XI

Qualifying Distributions (see instructions)

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

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

26,694

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

26,694

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					100,169
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......	584,976
c From 2020......	156,803
d From 2021......
e From 2022......
f Total of lines 3a through e ........		741,779
4Qualifying distributions for 2023 from Part
XI, line 4: $ 26,694
a Applied to 2022, 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 2023 distributable amount.....					26,694
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		73,475			73,475
(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		668,304
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 ..........					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 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 ......		668,304
10 Analysis of line 9:
a Excess from 2019....	511,501
b Excess from 2020....	156,803
c Excess from 2021....
d Excess from 2022....
e Excess from 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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

MARK J OGREN

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

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

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

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

cAny submission deadlines:

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

Form 990-PF (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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CATHOLIC SCHOOL CENTER OF EXCELLENCE 6600 FRANCE AVE S 520 MINNEAPOLIS,MN55435	N/A	PC	PROGRAM SUPPORT	60
COMMUNITY THREAD 2300 ORLEANS ST W STILLWATER,MN55082	N/A	PC	HOLIDAY DONATION	1,000
CYSTIC FIBROSIS FOUNDATION 4550 MONTGOMERY AVE SUITE 1100N BETHESDA,MD20814	N/A	PC	PROGRAM SUPPORT	10,000
CYSTIC FIBROSIS FOUNDATION 4550 MONTGOMERY AVE SUITE 1100N BETHESDA,MD20814	N/A	PC	65 ROSES BALL	5,000
LEUKEMIA AND LYMPHOMA SOCIETY 3 INTERNATIONAL DR SUITE 200 RYE BROOK,NY10573	N/A	PC	PROGRAM SUPPORT	250
NEW LIFE FAMILY SERVICES 1515 E 66TH ST MINNEAPOLIS,MN55423	N/A	PC	SPREADING SCOTTIE'S SUNSHINE	5,000
OUR LADY OF PEACE 2076 ST ANTHONY AVE ST PAUL,MN55104	N/A	PC	IN MEMORY OF HENRY MUSIAL	100
SHARING & CARING HANDS 525 N 7TH ST MINNEAPOLIS,MN55405	N/A	PC	IN MEMORY OF FR. JACK DONAHUE	300
ST ANNE'S CATHOLIC CHURCH 141 CHURCH HILL RD SOMERSET,WI54025	N/A	PC	PROGRAM SUPPORT	230
UNBOUND ONE ELMWOOD AVE KANSAS CITY,KS66103	N/A	PC	PROGRAM SUPPORT	2,112
VALLEY OUTREACH 1911 CURVE CREST BLVD W STILLWATER,MN55082	N/A	PC	PROGRAM SUPPORT	1,000
Total ................................. 3a				25,052

bApproved for future payment

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	55,210
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	104,872
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		160,082	0

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

160,082

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

JOHN K & MARGARET A OGREN FOUNDATION

EIN:

41-1819638

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	3,234	1,617		1,617

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

JOHN K & MARGARET A OGREN FOUNDATION

EIN:

41-1819638

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN EXPRESS CO BOND PERPETUAL	4,244	4,287
GENERAL MTRS FINL CO INC BOND PERPETUAL	4,633	4,617
JPMORGAN CHASE & CO BOND PERPETUAL	5,020	4,990
KENNEDY WILSON INC NOTE CALL MAKE WHOLE	3,908	3,970
LENDINGTREE INC BOND	3,639	4,125
MARKEL GROUP INC BOND PERPETUAL	5,000	4,944
OCCIDENTAL PETE CORP NOTE CALL MAKE WHOLE	5,124	5,191
SCHWAB CHARLES CORP BOND PERPETUAL	3,995	4,407
WAYFAIR INC BOND	3,433	4,525

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

JOHN K & MARGARET A OGREN FOUNDATION

EIN:

41-1819638

Name of Stock	End of Year Book Value	End of Year Fair Market Value
A10 NETWORKS INC COM	39,007	36,020
ACCENTURE PLC CLS A USD0.000000225	1,514	14,036
ADDUS HOMECARE CORP	33,014	30,641
ALAMO GROUP INC	3,262	29,427
ALPHABET INC CAP STK CL A	13,907	18,160
AMERIPRISE FINL INC COM	4,310	13,294
ARCOSA INC	38,425	62,806
ARHAUS INC	15,341	17,953
AT&T INC COM	7,672	6,544
ATLAS CORP	4,314	4,347
AVID BIOSERVICES INC	25,163	16,055
B. RILEY FINANCIAL INC CAL NT 26	3,220	2,140
B. RILEY FINANCIAL INC COM	21,304	24,978
B. RILEY FINANCIAL INC FXD NT	3,238	3,146
B. RILEY FINANCIAL INC RILYM 25	2,005	1,697
B. RILEY FINL INC SR NT	2,457	1,808
BABCOCK AND WILCOX ENTERPRISES	6,140	4,792
BAR HARBOR BANKSHARES	27,045	27,011
BARINGS BDC INC COM	32,791	29,773
BCE INC COM NEW ISIN	7,327	6,695
BERKSHIRE HATHAWAY INC DEL CL B NEW	6,414	17,833
BLACKSTONE SECD LENDING FD COMMON STOCK	6,827	7,463
BLUELINX HLDGS INC COM NEW	15,550	61,187
BRIGHTVIEW HLDGS INC	38,479	28,460
BRUNSWICK CORP COM	7,755	14,029
BUILDERS FIRSTSOURCE INC	5,056	20,868
BUNGE GLOBAL SA COM	9,581	9,590
CAPITAL SOUTHWEST CORP NT NT 28	4,768	4,845
CAPITAL SOUTHWEST CORPORATION COM	28,357	43,016
CARRIER GLOBAL CORP	4,393	8,905
CAVCO INDUSTRIES INC	16,539	19,064
CHS INC PFD B SR 2 RST	4,592	4,495
CINTAS CORP	730	15,669
CION INVT CORP COM	5,669	5,485
CIVITIS RESOURCES INC COM NEW	30,670	31,113
COLUMBUS MCKINNON	27,765	29,850
CSW INDUSTRIALS INC COM	6,102	41,482
CVS HEALTH CORP COM	3,200	7,501
DEER & COMPANY	4,362	11,996
DIGI INTL INC COM	18,792	32,240
DISNEY WALT CO COM	13,256	12,189
DOCGO INC COM	32,363	22,248
DOUGLAS DYNAMICS INC COM USD0.01	15,541	25,525
ELEVANCE HEALTH INC COM	4,033	14,147
ELLINGTON FINANCIAL INC COM	30,228	29,741
ENSTAR GROUP LIMITED SHS	10,792	30,907
EOG RESOURCES INC	11,482	10,885
EQUITY COMMONWEALTH 6.5%	1,277	1,257
ETSY INC COM	1,940	13,373
F&G ANNUITIES & LIFE INC NT 53	3,880	4,001
FAIRFAX FINL HLDGS LTD SUB VTG	12,637	27,813
FIRST TR HIGH YIELD OPPRT 2027	9,188	7,104
FISERV INC	1,571	13,948
FORD MTR CO DEL CALL NT 62	4,290	4,069
FRANKLIN COVEY CO COM	17,028	42,006
GENTHERM INC COM	11,283	19,111
GLOBAL SHIP LEASE INC	30,325	49,154
GREEN BRICK PARTNERS INC	8,207	55,316
HACKETT GROUP INC COM	3,915	24,136
HEALTHSTREAM INC	38,012	42,978
HILLMAN SOLUTIONS CORP COM	31,259	35,873
IAC INTERACTIVE CORP NEW	12,843	7,857
JOHNSON & JOHNSON	5,181	9,718
JPMORGAN CHASE & CO	4,590	15,309
KENNEDY WILSON HOLDINGS INC COM	21,938	16,837
KINDER MORGAN INC	10,563	11,995
KKR & CO INC COM	10,673	18,641
MATCH GROUP INC NEW COM	12,049	12,410
MICROSOFT CORP	2,580	19,178
NUVEEN PFD & INCOME TERM FD COM	8,354	8,135
OAKTREE SPECIALTY LENDING CORP	29,348	37,879
ORACLE CORP COM	6,132	13,706
PAR PAC HOLDINGS INC COM NEW	32,694	80,014
PIMCO DYNAMIC INCOME STRATEGY COM SHS BEN	11,761	20,787
RADNET INC COM	32,244	68,149
REPUBLIC SERVICES INC COM	2,441	14,017
RUNWAY GROWTH FINANCE CORP NT CAL	4,274	4,215
SARATOGA INVT CORP CALL 27	1,010	1,011
SARATOGA INVT CORP CALL NT 27	880	879
SELECT WATER SOLUTIONS INC CL A	34,976	34,421
SKYLINE CHAMPION CORPORATION COM	15,729	17,451
SPROUTS FARMERS MARKET INC	35,458	67,354
SS&C TECHNOLOGIES HLDGS INC COM	4,045	8,250
STEVE MADDEN	3,919	22,050
STONEX GROUP INC COM	13,950	88,005
TARGET CORP	11,511	9,969
TECHTARGET INC COM	3,605	18,824
THERMO FISHER SCIENTIFIC	12,519	13,270
TIDEWATER INC NEW COM	16,977	20,551
TOPGOLF CALLAWAY BRANDS CORP COM	25,108	42,662
U HAUL HOLDINGS COMPANY COM SER N	3,633	11,974
VERRA MOBILITY CORP CL A COM STK	38,969	54,927
VIRTUS CONVERTIBLE & INCOME 2024 TA COM	10,042	9,854
VITESSE ENERGY INC COMMON STOCK	1,937	2,736
WASTE MANAGEMENT	2,218	10,746
WESTERN ASSET GLOBAL CP	9,848	9,258
WESTERN ASSET HIGH YIELD	11,223	10,337
WILLIAMS COS INC	3,267	6,269

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

JOHN K & MARGARET A OGREN FOUNDATION

EIN:

41-1819638

US Government Securities - End of Year Book Value:

39,477

US Government Securities - End of Year Fair Market Value:

39,812

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

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

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

JOHN K & MARGARET A OGREN FOUNDATION

EIN:

41-1819638

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AGNC INVT CORP	AT COST	11,174	9,761
ALPS ETF TR ALERIAN MLP	AT COST	1,801	9,142
EASTERLY GOVT PPTYS INC COM	AT COST	4,448	4,368
EQUITY COMMONWEALTH USD	AT COST	3,712	3,744

- TIN:

TY 2023 OtherDecreasesSchedule

Name:

JOHN K & MARGARET A OGREN FOUNDATION

EIN:

41-1819638

Description	Amount
BROKER BASIS ADJUSTMENT	2,890

- TIN:

TY 2023 OtherExpensesSchedule

Name:

JOHN K & MARGARET A OGREN FOUNDATION

EIN:

41-1819638

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MN REGISTRATION FEE	25	0		25

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

JOHN K & MARGARET A OGREN FOUNDATION

EIN:

41-1819638

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ADVISOR FEES	19,996	19,996		0

- TIN:

TY 2023 TaxesSchedule

Name:

JOHN K & MARGARET A OGREN FOUNDATION

EIN:

41-1819638

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX	184	184		0
EXCISE TAX PAID 2023 ESTIMATES	1,912	0		0