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
Chorzempa Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)222 Hennepin Avenue South 649
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Minneapolis, MN55401
A Employer identification number

41-1875585
B Telephone number (see instructions)

(952) 913-3021
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$25,164,474J 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) 10,715
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 724,575 724,575  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -56,803
b Gross sales price for all assets on line 6a 3,942,368
7 Capital gain net income (from Part IV, line 2)... 0
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........ 678,487 724,575  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 21,000 0   21,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,425 0   21,425
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
104,317 98,737   5,580
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
9,519 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 797 0   797
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
759 0   759
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 157,817 98,737   49,561
25 Contributions, gifts, grants paid....... 1,118,000 1,118,000
26 Total expenses and disbursements. Add lines 24 and 25 1,275,817 98,737   1,167,561
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -597,330
b Net investment income (if negative, enter -0-) 625,838
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 634,334 931,348 931,348
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   15,000    
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) 3,094,863 Click to see attachment
List of Attached Documents:
// Content
3,090,109 		3,051,253
b Investments—corporate stock (attach schedule)....... 16,845,634 Click to see attachment
List of Attached Documents:
// Content
15,796,860 		19,590,602
c Investments—corporate bonds (attach schedule)....... 1,443,148 Click to see attachment
List of Attached Documents:
// Content
1,616,233 		1,571,271
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).......... 20,000 Click to see attachment
List of Attached Documents:
// Content
20,000 		20,000
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) 22,052,979 21,454,550 25,164,474
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 22,052,979 21,454,550
29 Total net assets or fund balances (see instructions)..... 22,052,979 21,454,550
30 Total liabilities and net assets/fund balances (see instructions). 22,052,979 21,454,550
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
22,052,979
2
Enter amount from Part I, line 27a .....................
2
-597,330
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
21,455,649
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,099
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
21,454,550
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 D    
b Capital Gains Dividends P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,924,195   3,999,171 -74,976
b 18,173     18,173
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       -74,976
b       18,173
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -56,803
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 8,699
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 8,699
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 8,699
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 7,360
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 7,360
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.......right arrow 9 1,339
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowEide Bailly Telephone no.right arrow (612) 253-6560

Located atright arrow800 Nicollet Mall Ste 1300MinneapolisMN ZIP+4right arrow554027033
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Martin D Chorzempa President
10.00 		4,000 0 0
222 Hennepin Avenue S Apt 649
Minneapolis,MN55401
Patricia Heiser Senior Vice President
2.00 		4,000 0 0
222 Hennepin Avenue S Apt 649
Minneapolis,MN55401
Martin Chorzempa Vice President/Treasurer
2.00 		4,000 0 0
222 Hennepin Avenue S Apt 649
Minneapolis,MN55401
Nick Heiser Vice President/Secretary
2.00 		4,500 0 0
222 Hennepin Avenue S Apt 649
Minneapolis,MN55401
Jonah Heiser Director
2.00 		4,500 0 0
222 Hennepin Avenue S Apt 649
Minneapolis,MN55401
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
BMO Wealth Management Investment Management 87,908
50 South 6th St
Minneapolis,MN55402
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
22,844,368
b
Average of monthly cash balances.......................
1b
1,007,577
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
23,851,945
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
23,851,945
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
357,779
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
23,494,166
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,174,708
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
1,174,708
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
8,699
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,699
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,166,009
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,166,009
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
1,166,009
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
1,167,561
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
1,167,561
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 1,166,009
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,157,436
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,167,561
a Applied to 2022, but not more than line 2a 1,157,436
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..... 10,125
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		1,155,884
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
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

Agape International Missions

2000 Opportunity Dr Ste 100
Roseville,CA95678 		NONE PC General Operations 40,000

Alpha Kappa Psi Scholarship Fund

PO Box 16553
Minneapolis,MN55416 		NONE PC Scholarships in memory of Martin Chorzempa 40,000

ALS Association - MNNDSD

1919 University Ave W Ste 175
St Paul,MN55104 		NONE PC Honorarium 10,000

Alzheimer's Association Minnesota-North Dakota Chapter

7900 West 78th St Suite 100
Minneapolis,MN55439 		NONE PC Help fund partnership and collaboration throughout the scientific community 10,000

Angel Foundation

1155 Centre Pointe Drive Ste 7
Mendota Heights,MN55120 		NONE PC To support adults & families facing cancer 10,000

By Kids

330 West End Ave Ste 7A
New York,NY10023 		NONE PC General operations 5,000

Convoy of Hope

PO Box 1125
Springfield,MO65801 		NONE PC Ukrainian crisis relief fund 30,000

Convoy of Hope

PO Box 1125
Springfield,MO65801 		NONE PC Maui wildfire crisis fund 20,000

DC Youth Orchestra

1120 20th St NW Suite 200N
Washington,DC20036 		NONE PC Scholarships 12,000

Deaf Dogs Rock

3962 Bluebird Ln
Salem,VA24153 		NONE PC General Operations 5,000

Edith's House Inc

PO Box 11987
Minneapolis,MN55411 		NONE PC General Operations 14,000

Episcopal Relief & Development

815 Second Ave
New York,NY10017 		NONE PC General Operations 40,000

Episcopal Relief & Development

815 Second Ave
New York,NY10017 		NONE PC Middle East Fund 30,000

Farm Forward

5051 La Jolla Blvd Unite 213
San Diego,CA921091714 		NONE PC General operations 15,000

Farmaste Animal Sanctuary

PO Box 624
Lindstrom,MN55045 		NONE PC General operations 5,000

FIRC - Family and Intercultural Resource Center

251 W 4th St
Silverthorne,CO80498 		NONE PC General operations 50,000

Food Bank of the Rockies

10700 E 45th Ave
Denver,CO80239 		NONE PC General operations 20,000

Frauenmilchbank-Initiative eV (HumanWomen's Milk Initiative Organization

Puttkampsweg 5
  Hamburg22609
GM 		None PC - Equivalency Det Sponsor annual conference and training project 15,000

Hawaii Community Foundation

827 Fort Street Mall
Honolulu,HI96813 		NONE PC Maui Strong Fund - to fund relief efforts, rapid response and recovery for wildfires on Maui 20,000

Little John's Kitchen

5302 Anton Drive
Fitchburg,WI53711 		NONE PC Facility renovation 25,000

Make Music Madison

PO Box 5186
Madison,WI53705 		NONE PC General operations 5,000

Maui Humane Society Inc

PO Box 1047
Puunene,HI96784 		NONE PC To provide shelter and food to displaced animals from Maui wildfires 10,000

Minnesota Historical Society

345 Kellogg Blvd W
St Paul,MN55102 		NONE PC General Operations and supporting the James J. Hill House 10,000

Minnesota Landscape Arboretum Foundation

3675 Arboretum Dr
Chaska,MN55318 		NONE PC Growing Good Youth Urban Garden Program and Nature Based Therapy 7,000

Minnesota Milk Bank for Babies (MMBB)

2525 Nevada Ave N Ste 304
Golden Valley,MN55427 		NONE PC Facility and equipment needs 50,000

Minnesota Ovarian Cancer Alliance (MOCA)

4604 Chicago Ave
Minneapolis,MN55407 		NONE PC General Operations and cancer research grants 10,000

Miriam's Kitchen

2401 Virginia Avenue NW
Washington,DC20037 		NONE PC General Operations 10,000

National Alliance on Mental Illness (NAMI)

4301 Wilson Blvd Ste 300
Arlington,VA22203 		NONE PC General Operations 20,000

National Gallery of Art

2000 S Club Dr
Hyattsville,MD20785 		NONE PC Art Around the Corner Program 50,000

Normandale Community College Foundation

9700 France Avenue South
Bloomington,MN55431 		NONE PC Student Scholarships 20,000

Oasis for Youth

2200 W Old Shakopee Rd
Blomington,MN55431 		NONE PC General Operations 15,000

One Heartland

1618 Harmon Place
Minneapolis,MN55403 		NONE PC General operations 30,000

Pacific Whale Foundation

300 Maalaea Rd Ste 211
Wailuku,HI96793 		NONE PC Ohana Relief Fund - Maui 20,000

Parkinson's Resources of Oregon

8880 SW Nimbus Ave Ste B
Beaverton,OR97008 		NONE PC Education, support and advocacy for a cure of Parkinson's Disease 10,000

Parkinson's Resources of Oregon

8880 SW Nimbus Ave Ste B
Beaverton,OR97008 		NONE PC Honorarium 5,000

Phillips Collection

1600 Twenty-First St NW
Washington,DC20009 		NONE PC Expansion of programming 50,000

PrairieCare Fund

5500 94th Ave
Brooklyn Park,MN55443 		None PC General Operations 20,000

Resolve - The National Infertility Association

7918 Jones Branch Drive Ste 300
McLean,VA22102 		None PC General Operations 10,000

Rochester Area Community Foundation

500 East Avenue
Rochester,NY14607 		None PC Evan Morgan Thomas Fund 5,000

Smart Bellies

PO Box 8374
Breckenridge,CO80424 		None PC Expanding packing site in Leadville 10,000

Smith Center for Healing and the Arts

1632 U Street NW
Washington,DC10009 		NONE PC General Operations 10,000

St George's Episcopal Church and Community Meals

PO Box 243
Leadville,CO80461 		NONE PC General Operations 50,000

St Martin de Porres Academy

208 Columbus Avenue
New Haven,CT06519 		NONE PC General Operations 10,000

Summit Academy OIC

935 Olson Memorial Hwy
Minneapolis,MN55405 		NONE PC Close tuition funding gap 10,000

Together Rising

800 West Broad Street 6409
Falls Church,VA22040 		None PC Turkey and Syria earthquake relief 25,000

Twin Cities Rise

1301 Bryant Ave N
Minneapolis,MN55411 		NONE PC Empowerment Institute 10,000

Universitatsmedizin der Johannes Gutenberg-Universitat Mainz

LangenbeckstraBe1
  Mainz55131
GM 		NONE PC - Equivalency Det Equipment and lactation consultants 50,000

University of Minnesota Carlson School of Mgmt

321 S 19th Ave
Minneapolis,MN55455 		NONE PC Fund study abroad scholarships 10,000

University of Minnesota Foundation

200 Oak St S East Ste 500
Minneapolis,MN55455 		NONE PC Clinical Research Coordinator - Masonic Cancer Center 50,000

Volunteers Enlisted to Assist People (VEAP)

9600 Aldrich Avenue South
Bloomington,MN55420 		NONE PC General Operations 40,000

World Bicycle Relief

1000 West Fulton Market 4th Floor
Chicago,IL60607 		NONE PC General Operations 40,000

World Vision

PO Box 9716 Ms 216
Federal Way,WA98063 		NONE PC Ukraine Crisis Fund 30,000
Total .................................right arrow 3a 1,118,000
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 ....     14 724,575  
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 -56,803  
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) .. 0 667,772 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
667,772
(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
Chorzempa Family Foundation
 
Employer identification number

41-1875585
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
Chorzempa Family Foundation
  		Employer identification number
41-1875585
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
Martin V Chorzempa Estate
 
BMO Harris Bank 111 West Monroe Str
 
Chicago, IL60603

$ 10,715


(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
Chorzempa Family Foundation
  		Employer identification number

41-1875585
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
Chorzempa Family Foundation
  		Employer identification number

41-1875585
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:
Chorzempa Family Foundation
EIN:
41-1875585
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 21,425 0   21,425

TY 2023 InvestmentsCorpBondsSchedule
Name:
Chorzempa Family Foundation
EIN:
41-1875585
Name of Bond End of Year Book Value End of Year Fair Market Value
Calvert Bond Fund 198,293 178,376
Citigroup Callable Income Barrier Note DTD 03/25/2022 7.85% 03/30/2026 Calla 50,000 50,410
iShares 1-3 Year Treasury Bond ETF 71,726 72,441
Citigroup Callable Income Barrier Note DTD 03/25/2022 7.85% 03/30/2026 Calla 500,000 504,100
Puerto Rico Cmwlth Subser Cw Nt Claims-Cw Gty 15 Mar 2022 01 Nov 2043 0 1,846
The Goldman Sachs 49,545 49,854
Bank Amer Corp 50,069 49,825
Booking Holdings 48,992 49,160
JPMorgan Chase & Co 49,262 49,275
Biogen Inc 49,660 49,156
Gilead Sciences 48,549 48,967
Verizon Communications Inc 48,440 49,212
Nucor Corp 48,411 49,492
Roper Technologies 25,167 22,368
Xylem Inc 52,740 45,140
Hubbell Inc 26,048 23,925
Waste Management Inc 50,007 44,463
Markel Group Inc 25,216 22,809
Citizens Finl Group 24,585 20,993
NextEra Energy Inc 52,418 42,754
Ameren Corp 44,671 45,498
Elevance Health 26,185 21,665
Autozone, Inc. 24,843 24,694
Ebay Inc. 51,406 54,848

TY 2023 InvestmentsCorpStockSchedule
Name:
Chorzempa Family Foundation
EIN:
41-1875585
Name of Stock End of Year Book Value End of Year Fair Market Value
Abbott Laboratories 15,873 13,208
Ariel Appreciation Fund 143,658 119,779
Caterpillar Inc 17,725 29,567
Costco Wholesale Corp 20,514 26,403
Danaher Corp 13,503 11,567
Deere & Co 17,809 19,994
Eaton Corp PLC 19,541 30,103
Eli Lilly & Co 14,343 32,061
Goldman Sachs Group Inc/The 20,333 21,217
iShares MSCI USA ESG Select ETF 955,854 976,957
Lowe's Cos Inc 14,625 16,691
Microsoft Corp 22,718 30,083
Procter & Gamble Co/The 20,141 20,516
Simon Property Group Inc 13,143 14,264
Texas Instruments Inc 19,752 18,751
Thermo Fisher Scientific INC 15,366 13,270
Trillium ESG Global Equity Fund 139,796 136,469
Veralto Corp 1,706 1,316
AbbVie INC 99,961 170,467
Altria Group Inc 45,873 34,087
Amazon.com Inc 95,052 111,676
American Water Works Co Inc 94,514 97,013
Ameriprise Financial Inc 89,188 104,453
Amgen Inc 117,624 132,489
Apple Inc 183,878 440,894
Automatic Data Processing Inc 214,864 341,301
Bank of America Corp 108,314 108,081
Bio-Techne Corp 166,992 197,529
BlackRock Inc 103,091 109,593
Broadcom Inc 80,906 306,969
Chevron Corp 134,506 205,095
Cisco Systems Inc 81,733 97,251
Comcast Corp 56,882 48,235
Conestoga Small Cap Fund 578,181 602,888
Costco Wholesale Corp 58,028 89,111
Eastman Chemical Co 46,056 53,892
Edison International 45,857 53,975
Eli Lilly & Co 59,804 228,504
Fastenal Co 134,668 213,093
Global X US Infrastructure Development ETF 858,712 1,033,800
Goldman Sachs Group Inc/The 60,676 63,652
Honeywell International Inc 114,382 162,525
International Business Machines Corp 116,945 134,929
iShares Core MSCI Emerging Markets ETF 502,046 510,858
iShares Core S&P 500 ETF 1,030,656 1,194,075
iShares Core S&P Mid-Cap ETF 818,417 831,450
iShares MSCI EAFE ETF 453,579 450,216
iShares MSCI Japan ETF 641,597 673,470
iShares Short-Term National Muni Bond ETF 580,229 590,408
Johnson & Johnson 194,153 206,426
JPMorgan Chase & Co 99,719 117,369
Lockheed Martin Corp 112,850 124,641
Lowe's Cos Inc 73,303 81,231
LyondellBasell Industries NV 47,456 40,884
McDonald's Corp 73,701 87,470
Medtronic PLC 112,504 150,755
Merck & Co Inc 138,576 149,903
MetLife Inc 69,207 67,453
Microsoft Corp 318,725 654,310
Morgan Stanley 94,249 93,716
NextEra Energy Inc 132,096 124,456
Northrop Grumman Corp 94,589 86,606
Nuance Mid Cap Value Fund 704,203 705,860
NVIDIA Corp 120,280 680,928
Oracle Corp 91,930 120,717
PepsiCo Inc 46,027 46,706
Pfizer Inc 125,828 98,750
Principal Financial Group Inc 108,122 212,409
Procter & Gamble Co/The 46,219 43,229
Prudential Financial Inc 46,206 51,336
Regions Financial Corp 69,953 61,822
RTX Corp 108,823 144,468
Simon Property Group Inc 68,596 65,614
Target Corp 60,379 65,513
Texas Instruments Inc 116,301 117,617
Touchstone Sands Capital Emerging Markets Growth Fund 500,646 524,823
UnitedHealth Group Inc 124,521 181,632
US Bancorp 71,081 317,026
Vanguard High Dividend Yield ETF 861,776 893,040
Vanguard Small-Cap Value ETF 539,272 637,094
Verizon Communications Inc 68,727 68,803
Waste Management Inc 87,240 98,505
Alliant Energy Corp 38,455 38,219
Alphabet Inc. 55,417 140,930
Amazon.com Inc 83,290 91,164
Best Buy Co Inc. 6,575 7,828
Bio-Techne Corp 30,606 45,910
C H Robinson Worldwd 5,684 5,615
Charles Schwab Corp 13,430 20,640
Digi International 1,251 2,860
Donaldson Co 15,680 21,892
Ecolab Inc 30,033 26,579
Entegris Inc 18,775 28,158
Fastenal Co 5,486 12,954
Fiserv Inc 32,339 46,095
Graco Inc 16,377 30,540
H B Fuller Co 13,937 33,622
Honeywell International Inc 11,552 15,728
Hormel Foods Corp 43,343 32,913
Johnson & Johnson 21,319 23,511
JPMorgan Chase & Co 37,291 45,927
Lilly Eli & Co 3,235 17,488
Littelfuse Inc 25,394 36,121
Medtronic PLC 55,464 46,545
Microsoft Corp 60,114 129,734
Motorola Solutions 12,984 28,178
Nvent Electric PLC 11,188 33,386
NVIDIA Corp 17,816 113,901
Polaris Industries 6,930 7,582
Principal Financial Group Inc 5,171 11,407
Qualcomm Inc 24,692 34,711
Roche Hldg AG 41,280 39,128
Salesforce Inc 18,650 31,577
Sysco Corp 15,923 17,551
Target Corp 6,571 5,697
Tennant Co 13,583 21,782
Toro Co 29,233 47,515
US Bancorp 55,044 57,995
UnitedHealth Group Inc 29,821 63,176
Verizon Communications Inc 13,241 14,326
Visa Inc 42,619 57,277
Wells Fargo & Co 31,830 43,904
Workiva Inc 8,368 15,229

TY 2023 InvestmentsGovtObligationsSch
Name:
Chorzempa Family Foundation
EIN:
41-1875585
US Government Securities - End of Year Book Value:

0
US Government Securities - End of Year Fair Market Value:

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


3,090,109
State & Local Government Securities - End of Year Fair Market Value:


3,051,253


TY 2023 InvestmentsOtherSchedule2
Name:
Chorzempa Family Foundation
EIN:
41-1875585
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Schawb Government Money AT COST 20,000 20,000

TY 2023 OtherDecreasesSchedule
Name:
Chorzempa Family Foundation
EIN:
41-1875585
Description Amount
Cost basis adjustments 1,099


TY 2023 OtherExpensesSchedule
Name:
Chorzempa Family Foundation
EIN:
41-1875585
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Filing Fee 25 0   25
Miscellaneous 584 0   584
Bank Fees 150 0   150


TY 2023 OtherProfessionalFeesSchedule
Name:
Chorzempa Family Foundation
EIN:
41-1875585
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fee 98,737 98,737   0
Consulting Fee 5,580 0   5,580


TY 2023 TaxesSchedule
Name:
Chorzempa Family Foundation
EIN:
41-1875585
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Excise Tax 9,519 0   0