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
CROSS WORKS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 681
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST JOSEPH, MN563740681
A Employer identification number

87-3113879
B Telephone number (see instructions)

(320) 260-0008
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$82,058,919J 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) 1,026,921
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,983,425 2,004,440  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 0
b Gross sales price for all assets on line 6a 15,428,422
7 Capital gain net income (from Part IV, line 2)... 558,203
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........ 3,010,346 2,562,643 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
136 0 0 0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
27,458 13,729 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
199,417 199,417 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
19,725 31,129 0 25
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
80 0 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 246,816 244,275 0 25
25 Contributions, gifts, grants paid....... 3,458,890 3,458,890
26 Total expenses and disbursements. Add lines 24 and 25 3,705,706 244,275 0 3,458,915
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -695,360
b Net investment income (if negative, enter -0-) 2,318,368
c Adjusted net income (if negative, enter -0-)... 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............. 52,060 10,415 10,415
2 Savings and temporary cash investments......... 3,705,169 1,717,633 1,717,633
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) 13,293,927 Click to see attachment
List of Attached Documents:
// Content
15,631,503 		15,140,012
b Investments—corporate stock (attach schedule)....... 21,205,180 Click to see attachment
List of Attached Documents:
// Content
22,195,112 		24,938,059
c Investments—corporate bonds (attach schedule).......      
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).......... 26,704,468 Click to see attachment
List of Attached Documents:
// Content
24,645,900 		40,252,800
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 64,960,804 64,200,563 82,058,919
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........... 64,960,804 64,200,563
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 64,960,804 64,200,563
30 Total liabilities and net assets/fund balances (see instructions). 64,960,804 64,200,563
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
64,960,804
2
Enter amount from Part I, line 27a .....................
2
-695,360
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
21,270
4
Add lines 1, 2, and 3 ..........................
4
64,286,714
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
86,151
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
64,200,563
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 PUBLICLY TRADED SECURITIES P    
c CAPITAL GAIN DISTRIBUTIONS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,710,289   6,955,786 -186,238
b 8,715,310   7,973,692 741,618
c 2,823     2,823
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       -186,238
b       741,618
c       2,823
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 2 558,203
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 -183,415
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 32,225
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 32,225
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 32,225
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 27,908
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 27,908
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 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 4,317
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
 
No
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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
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 arrowJOHN BLATTNER Telephone no.right arrow (320) 260-0008

Located atright arrowPO BOX 681ST JOSEPHMN ZIP+4right arrow563740681
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
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
JOHN BLATTNER TRUSTEE
0.50 		0 0 0
PO BOX 681
ST JOSEPH,MN563740681
DEE DEE BLATNER TRUSTEE
0.25 		0 0 0
PO BOX 681
ST JOSEPH,MN563740681
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
74,170,844
b
Average of monthly cash balances.......................
1b
3,784,148
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
77,954,992
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
77,954,992
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,169,325
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
76,785,667
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,839,283
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
3,839,283
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
32,225
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
32,225
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,807,058
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,807,058
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
3,807,058
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
3,458,915
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
3,458,915
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 3,807,058
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......  
c From 2020......  
d From 2021...... 641,435
e From 2022......  
f Total of lines 3a through e ........ 641,435
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,458,915
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..... 3,458,915
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 348,143 348,143
(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 5 293,292
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 ...... 		293,292
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021.... 293,292
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).)
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

AMERICAN NATIONAL RED CROSS

1201 W RIVER PKWY
MINNEAPOLIS,MN55454 		  PC GENERAL FUND 10,000

BOY SCOUTS OF AMERICA - CENTRAL MINNESOTA COUNCIL

1191 SCOUT DR
SARTELL,MN563774537 		  PC GENERAL FUND 496,100

BIG BROTHERS-BIG SISTERS OF CENTRAL MINNESOTA INC

203 COOPER AVENUE NORTH SUITE 162
SAINT CLOUD,MN563034446 		  PC GENERAL FUND 5,000

CATHOLIC CHARITIES OF THE DIOCESE OF ST CLOUD

911 18TH ST N
SAINT CLOUD,MN563031203 		  PC GENERAL FUND 300,000

CENTRACARE HEALTH FOUNDATION

1406 6TH AVE N
SAINT CLOUD,MN563031900 		  PC GENERAL FUND 182,026

CHURCH OF SAINT JOSEPH

12 WEST MINNESOTA STREET
SAINT JOSEPH,MN56374 		  PC GENERAL FUND 100,000

CITY OF AVON

PO BOX 69
AVON,MN56310 		  GOV GENERAL FUND 500

DEMONTREVILLA JESUIT RETREAT

8243 DEMONTREVILLE TRAIL NORTH
LAKE ELMO,MN55402 		  PC GENERAL FUND 5,000

DIOCESE OF ST CLOUD

PO BOX 1538
MINNEAPOLIS,MN56302 		  PC GENERAL FUND 15,000

ERATH COUNTY HUMANE SOCIETY INC

PO BOX 2006
STEPHENVILLE,TX764010034 		  PC GENERAL FUND 50,000

FRIENDS OF BATAHOLA

PO BOX 36159
CINCINNATI,OH452360159 		  PC GENERAL FUND 1,000

GREAT RIVER CHILDRENS MUSEUM

111 SEVENTH AVE S
MINNEAPOLIS,MN563014696 		  PC GENERAL FUND 500,000

HOPE ACADEMY INC

2300 CHICAGO AVENUE SOUTH
MINNEAPOLIS,MN55404 		  PC GENERAL FUND 625,500

INTERNATIONAL GOSPEL OUTREACH

PO BOX 2164
MINNEAPOLIS,MN550823164 		  PC GENERAL FUND 45,000

MINNESOTA CITIZENS CONCERNED FOR LIFE

4249 NICOLLET AVE
MINNEAPOLIS,MN554092014 		  PC GENERAL FUND 120,000

MINNESOTA FAMILY INSTITUTE

2855 ANTHONY LN S STE 150
AVON,MN554182881 		  PC GENERAL FUND 5,000

NEVER SURRENDER INC

4894 MILLER TRUNK HWY
HERMANTOWN,MN558111527 		  PC GENERAL FUND 500

PATRIOT ASSITANCE DOGS

28579 US-10
DETROIT LAKES,MN56501 		  PC GENERAL FUND 50,000

PROJECT FOR THE PEOPLE OF PARAGUAY

32205 BLATTNER ST
AVON,MN563108604 		  PC GENERAL FUND 2,384

QUANTA CARES

2800 POST OAK BLVD STE 2600
HOUSTON,TX770566175 		  PC GENERAL FUND 5,000

RONALD MCDONALD HOUSE CHARITIES UPPER MIDWEST

818 FULTON STREET SE
MINNEAPOLIS,MN55414 		  PC GENERAL FUND 20,000

SALVATION ARMY

20 NE FIRST AVENUE
ROCHESTER,MN55906 		  PC GENERAL FUND 55,000

SARTELL - ST STEPHEN ISD 748

212 THIRD AVENUE NORTH
SARTELL,MN56377 		  PC GENERAL FUND 1,000

SECOND HARVEST HEARTLAND

7101 WINNETKA AVENUE NORTH
BROOKLYN PARK,MN55428 		  PC GENERAL FUND 125,000

ST CLOUD AREA FAMILY YMCA

2001 STOCKINGER DR
SAINT CLOUD,MN56303 		  PC GENERAL FUND 200,000

ST FRANCIS XAVIER SCHOOL

212 19TH STREET NW
BUFFALO,MN55313 		  PC GENERAL FUND 123,000

ST JOSEPH BOOSTER CLUB

PO BOX 412
SAINT JOSEPH,MN563740412 		  PC GENERAL FUND 1,000

ST MONICAS MONTESSORI INC

2710 BORADWAY N
FARGO,ND58102 		  PC GENERAL FUND 164,880

STPAUL'S CATHOLIC NEWMAN CENTER-NDSU CAMPUS FARGO

1141 UNIVERSITY DR N
FARGO,ND58102 		  PC GENERAL FUND 150,000

ST THOMAS MORE CATHOLIC NEWMAN CENTER PARISH OF MANKATO MINNESOTA

1502 WARREN ST
MANKATO,MN560014969 		  PC GENERAL FUND 100,000

SUPERIOR HIKING TRAIL ASSOCIATION

PO BOX 315
TWO HARBORS,MN556160315 		  PC GENERAL FUND 500

SUGARBUSH TRAIL ASSOCIATION INC

PO BOX 2112
TOTTE,MN55615 		  PC GENERAL FUND 500
Total .................................right arrow 3a 3,458,890
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 1,983,425  
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 ............ 		         
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 1,983,425 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,983,425
(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
CROSS WORKS FOUNDATION
 
Employer identification number

87-3113879
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
CROSS WORKS FOUNDATION
  		Employer identification number
87-3113879
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
JOHN BLATTNER
32277 NOB HILL DRIVE
 
AVON, MN56310

$ 1,026,921


(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
CROSS WORKS FOUNDATION
  		Employer identification number

87-3113879
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
 147 SHS OF ASML HOLDING NV-NY REG SHS ADR $ 111,786 2023-12-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 64 SHS OF CHIPOTLE MEXICAN GRILL INC $ 146,581 2023-12-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 297 SHS OF INTUIT COM $ 186,850 2023-12-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 416 SHS OF INTUITIVE SURGICAL INC $ 140,781 2023-12-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 75 SHS OF MICROSOFT CORP $ 28,148 2023-12-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 415 SHS OF NETFLIX INC $ 203,357 2023-12-28
Schedule B (Form 990) (2023)
Name of organization
CROSS WORKS FOUNDATION
  		Employer identification number

87-3113879
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
 421 SHS OF NVIDIA CORP $ 209,418 2023-12-28
(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
CROSS WORKS FOUNDATION
  		Employer identification number

87-3113879
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:
CROSS WORKS FOUNDATION
EIN:
87-3113879
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PROFESSIONAL FEES 27,458 13,729 0 0

TY 2023 InvestmentsCorpStockSchedule
Name:
CROSS WORKS FOUNDATION
EIN:
87-3113879
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 79,588 76,499
ABBOTT LABS 111,600 119,426
ABBVIE INC 130,651 122,736
ACCENTURE PLC 85,819 110,186
ACUSHNET HOLDINGS CORP 93,076 125,708
ADOBE INC 120,404 177,787
ADYEN NV-UNSPON ADR 17,472 29,972
AFLAC INC 432,084 377,676
AIA GROUP LTD-SP ADR 32,197 37,686
AIR LIQUIDE - ADR 13,822 28,589
ALCON INC 27,868 35,076
ALFA LAVAL AB-UNSPON ADR 20,447 37,181
ALLIANZ SE - UNSP ADR 75,604 95,790
ALPHABET INC CL A 230,537 284,688
AMBEV SA-SPN ADR 20,297 23,106
AMGEN INC 222,876 230,344
AMGEN INC 99,128 122,409
APPLE INC 304,126 394,879
APPLIED MATERIAL INC 85,938 123,173
ARTISAN PARTNERS ASSET MANAGEM 59,333 72,676
ASPEN TECHNOLOGY INC 42,657 51,075
ASML HOLDING N.V. 65,682 111,267
ASSA ABLOY AB 21,730 27,811
AT&T INC 527,246 489,605
ATLAS COPCO AB ADR 15,142 44,884
ATRION CORP 24,985 15,152
BANCFIRST CORP 45,261 52,753
BANCO BILBAO VIZCAYA ARGENT- ADR 30,732 48,438
BANK OF AMERICA CORP 241,983 243,268
BANK OF AMERICA CORP 171,954 182,828
BLACKROCK INC 295,392 302,649
BHP GROUP LTD 59,905 64,485
BOEING CO 274,138 252,183
BIONTECH SE 27,760 31,240
CANADIAN NATL RR CO COM 16,099 25,629
CAPITAL ONE FINANCIAL CO 311,802 295,014
CENCORA INC 110,109 139,453
CHIPOTLE MEXICAN GRILL INC 83,083 146,365
CHUGAI PHARMACEUTIC-UNSP ADR 51,092 79,208
CISCO SYSTEMS INC 89,024 91,340
CITIGROUP INC 368,927 337,729
CLEARWATER ANALYTICS HLDGS INC 42,482 51,036
COCA COLA CO 112,767 109,021
COLGATE PALMOLIVE CO 114,335 109,840
COMCAST CORP 525,207 493,035
COMCAST CORP CLASS A 114,552 103,442
CONAGRA BRANDS INC 104,779 85,006
CORVEL CORP 84,037 117,178
COSTCO WHOLESALE CORP 199,927 273,273
CREDICORP LTD 20,868 22,340
CVS HEALTH CORPORATION 107,753 133,048
DAIFUKU CO., LTD 19,398 20,279
DASSAULT SYSTEMES S.A. - ADR 32,616 72,599
DBS GROUP HOLDINGS LIMITED - ADR 55,627 87,894
DOLLAR GENERAL CORP 177,760 138,941
DONALDSON CO INC 26,143 30,453
D R HORTON INC COM 63,722 79,638
ECOLAB INC 53,902 67,637
EMCOR GROUP INC COM 112,338 187,640
ENN ENERGY HOLDINGS LTD 33,787 14,916
EOG RESOURCES, INC 197,243 199,930
EPIROC AKTIEBOLAG 14,692 32,666
FACTSET RESH SYS INC COM 68,887 79,667
FIRST HAWAIIAN INC 84,810 75,872
FISERV INC 218,480 221,634
FISERV INC 168,480 217,459
FOMENTO ECONOMICO MEXICANO S.A.B. DE 46,784 80,296
FORTIVE CORP 85,702 103,082
FTI CONSULTING INC COM 129,994 167,883
GENMAB A/S 34,098 28,624
GLOBAL PMTS INC W/I 148,176 131,826
GRACO INC 82,931 100,642
GRAINGER W W INC 54,187 140,049
HAIER SMART HOME CO LTD ADR 78,655 61,082
HALEON PLC ADR 48,425 48,376
HDFC BANK LTD. - ADR 29,151 39,058
HENRY JACK & ASSOC INC COM 36,310 35,460
HESS CORP 71,038 100,624
HOME DEPOT INC 74,406 88,370
HONEYWELL INTERNATIONAL 206,450 209,220
ICICI BANK LTD. - ADR 10,093 26,582
INFINEON TECHNOLOGIES AG - ADR 44,141 103,914
INVESCO BALANCED-RISK COMMODITY STRATEGY FUND CLASS R6 #5011 769,920 689,913
INTERNATIONAL EXCHANGE, INC 114,821 136,521
INTUITIVE SURGICAL INC 83,665 140,342
INTUIT COM 113,925 185,634
JOHNSON & JOHNSON 126,380 138,872
KADANT INC 74,811 91,942
KINDER MORGAN INC 218,262 197,196
KOMATSU LIMITED - ADR 21,526 29,205
K.FORCE, INC. 34,316 37,901
LANDSTAR SYS INC COM 85,875 104,958
LCI INDUSTRIES 57,673 62,729
LOCKHEED MARTIN CORP 211,165 195,396
LOREAL - ADR 40,394 77,937
LOWES COS INC 102,429 167,358
LUKOIL PJSC-SPON ADR 37,428 0
MANHATTAN ASSOCIATES, INC COM 89,317 139,312
MANULIFE FINANCIAL CORP 47,732 59,781
MARKETAXESS HLDGS INC 89,747 87,269
MARSH & MCLENNAN COS INC 69,788 122,587
MASTERCARD INC 122,228 161,647
MEDTRONIC, PLC 150,356 126,371
MERCK & CO INC NEW 166,430 220,002
META PLATFORMS INC 224,858 228,283
MICROCHIP TECHNOLOGY INC COM 108,575 173,236
MICROSOFT CORP 19,179 28,203
MICROSOFT CORP 331,477 474,186
MOELIS & CO 73,745 91,829
MONDELEZ INTERNATIONAL INC 126,022 140,080
MORGAN STANLEY 492,676 460,615
MORGAN STANLEY 63,741 71,243
NESTLE S.A. REGISTERED SHARES - ADR 20,612 30,064
NETFLIX INC 77,071 202,055
NETFLIX INC 58,079 88,125
NIKE INC CL B 102,826 115,193
NIKE INC CL B 113,484 121,924
NIROTI HLDGS CO LTD-UNSP ADR 25,234 25,905
NORTHROP GRUMMAN CORP 196,064 201,698
NOVOZYMES A/S UNSPONS ADR 17,107 18,119
NVIDIA CORP 57,696 208,488
NEW LINDE PLC 16,556 39,428
O'REILLY AUTOMOTIVE INC 193,868 197,842
O'REILLY AUTOMOTIVE INC 76,686 140,612
PALO ALTO NETWORKS INC 58,363 98,785
PARKAR HANNIFIN CORP 77,449 87,533
PAYPAL HOLDINGS INC 94,301 66,139
PEPSICO INC 147,798 144,053
PEPSICO INC 126,662 128,229
PERRIGO CO PLC 96,583 79,356
PING AN INSURANCE (GROUP) COMPANY 22,565 12,267
PRIMERICA INC 101,736 138,682
PFIZER INVESTMENT ENTER 226,535 225,506
PT TELEKOMUNIKASI INDONESIA TB - ADR 30,491 26,945
RBC BEARINGS INC 63,854 94,014
RIGHTMOVE PLC 83,080 78,339
RIO TINTO PLC - ADR 31,199 46,910
RLI CORP COM 45,804 54,845
ROCHE HOLDINGS LTD - ADR 33,442 41,375
ROCKWELL AUTOMATION INC 103,658 119,535
ROSS STORES INC 116,112 186,965
ROYAL DUTCH SHELL PLC ADR 33,314 53,759
SANTANDER UK PLC 420,636 398,564
SAP SE ADR 49,364 68,329
SCHLUMBERGER INVESTMENT 380,526 359,284
SCHNEIDER ELECTRIC SE - ADR 23,817 53,023
SCHWAB CHARLES CORP NEW 138,980 161,749
SERVICE CORP INTL 86,182 85,905
SERVICE NOW INC 57,211 92,550
SHIMANO INC 18,267 17,764
SHIONOGI & CO LTD-UNSPON ADR 30,673 25,129
SHISEIDO CO., LTD. - ADR 22,435 14,389
SIMPSON MFG INC COM 119,738 218,372
SONOVA HOLDIN-UNSPON ADR 13,653 22,341
SONY GROUP CORP 54,055 56,719
STATE STREET CORP 101,043 122,000
SYMRISE AG ADR 21,226 30,619
SYSCO CORP 123,841 157,376
S&P GLOBAL 83,287 108,808
SYSMEX CORP-UNSPON ADR 21,169 18,460
TAIWAN SEMICONDUCTOR MANUFACTU - ADR 77,146 160,264
TAIWAN SEMICONDUCTOR MANUFACTU - ADR 100,388 91,624
TARGET CORP 463,011 446,067
TENCENT HOLDINGS LTD-UNS ADR 27,673 24,337
THERMO FISHER SCIENTIFIC INC 216,126 219,216
THERMO FISHER SCIENTIFIC INC 142,154 133,228
TJX COMPANIES INC 104,544 164,074
TORO CO 105,087 110,389
TRANE TECHNOLOGIES PLC 144,401 232,193
UNI CHARM CORPORATION ADR 26,054 29,138
UNITEDHEALTH GROUP INC 138,856 244,282
UNITEDHEALTH GROUP INC 131,864 148,991
UNITEDHEALTH GROUP INC 515,090 476,586
US BANCORP 193,121 139,015
UFP INDUSTRIES INC 78,755 100,314
UNION PACIFIC CORP 91,803 106,599
VERIZON COMMUNICATIONS 417,076 386,756
VERTEX PHARMACEUTICALS INC COM 124,528 177,811
VODAFONE GROUP PLC 418,455 394,596
WALT DISNEY CO 156,265 132,455
WALT DISNEY CO 124,930 101,937
WATTS WATER TECHNOLOGIES INC 77,428 106,462
WELLTOWER INC 480,017 458,546
WESTPAC BANKING CORP 259,233 259,870
XP INC 17,682 21,195
YANDEX NV-A 7,929 0

TY 2023 InvestmentsGovtObligationsSch
Name:
CROSS WORKS FOUNDATION
EIN:
87-3113879
US Government Securities - End of Year Book Value:

15,631,503
US Government Securities - End of Year Fair Market Value:

15,140,012
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:
CROSS WORKS FOUNDATION
EIN:
87-3113879
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
EDGEWOOD GROWTH INSTL #2131 AT COST 1,391,658 3,922,602
T ROWE PRICE INSTITUTIONAL FLOAT AT COST 1,867,684 1,818,985
VANGUARD FTSE EMERGING MARKETS ETF AT COST 1,613,552 1,644,000
VANGUARD FTSE DEVELOPED MARKETS ETF AT COST 5,411,860 7,903,500
ISHARES S&P MID-CAP 400 GROWTH AT COST 556,480 1,833,943
ISHARES S&P 500 GROWTH ETF AT COST 935,577 3,604,800
ISHARES RUSSELL MID-CAP VALUE AT COST 883,241 1,854,826
NEUBERGER BERMAN LONG SH-INS #1830 AT COST 590,000 687,887
ISHARES RUSSELL 1000 VALUE ETF AT COST 1,845,542 4,075,891
ISHARES CORE S & P 500 ETF AT COST 8,519,850 11,988,513
ABBEY CAPITAL FUTURES STRATEGY FUND CLASS I #231 AT COST 750,000 635,613
ISHARES MBS ETF AT COST 280,456 282,240

TY 2023 LegalFeesSchedule
Name:
CROSS WORKS FOUNDATION
EIN:
87-3113879
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL EXPENSE 136 0 0 0


TY 2023 OtherDecreasesSchedule
Name:
CROSS WORKS FOUNDATION
EIN:
87-3113879
Description Amount
EXCISE TAX 86,151


TY 2023 OtherExpensesSchedule
Name:
CROSS WORKS FOUNDATION
EIN:
87-3113879
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
POSTAGE AND DELIVERY 80 0 0 0


TY 2023 OtherIncreasesSchedule
Name:
CROSS WORKS FOUNDATION
EIN:
87-3113879
Description Amount
UNREALIZED GAIN (LOSSES) ON SECURITIES 21,270


TY 2023 OtherProfessionalFeesSchedule
Name:
CROSS WORKS FOUNDATION
EIN:
87-3113879
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 199,417 199,417 0 0


TY 2023 SubstantialContributorsSch
Name:
CROSS WORKS FOUNDATION
EIN:
87-3113879
Name Address
JOHN BLATTNER PO BOX 681
ST JOSEPH,MN563740681


TY 2023 TaxesSchedule
Name:
CROSS WORKS FOUNDATION
EIN:
87-3113879
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAXES PAID 19,700 0 0 0
FOREIGN TAXES PAID 0 31,129 0 0
MN ATTORNEY FEES 25 0 0 25