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
WINGS FINANCIAL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)14985 GLAZIER AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
APPLE VALLEY, MN55124
A Employer identification number

41-1929671
B Telephone number (see instructions)

(952) 997-8000
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$4,313,994J 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) 220,214
2 Check right arrow.............
3 Interest on savings and temporary cash investments 50,436 50,436  
4 Dividends and interest from securities... 116,793 116,793  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 45,523
b Gross sales price for all assets on line 6a 390,440
7 Capital gain net income (from Part IV, line 2)... 45,523
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
79,876 0 0
12 Total. Add lines 1 through 11........ 512,842 212,752 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 233,863 0 0 233,863
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
3,618 0 0 3,618
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,931 4,465 0 4,466
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
16,912 0 0 16,912
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 19,134 0 0 9,567
22 Printing and publications.......... 9,736 0 0 4,868
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
224,454 0 0 218,950
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 516,648 4,465 0 492,244
25 Contributions, gifts, grants paid....... 120,020 112,020
26 Total expenses and disbursements. Add lines 24 and 25 636,668 4,465 0 604,264
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -123,826
b Net investment income (if negative, enter -0-) 208,287
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............. 1,210,740 155,597 155,597
2 Savings and temporary cash investments......... 235,695 944,804 944,804
3 Accounts receivable right arrow67,160
Less: allowance for doubtful accounts right arrow     67,160 67,160
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..........   9,000 9,000
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,041,305 Click to see attachment
List of Attached Documents:
// Content
1,082,720 		1,082,720
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).......... 1,650,960 Click to see attachment
List of Attached Documents:
// Content
2,054,713 		2,054,713
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) 4,138,700 4,313,994 4,313,994
Liabilities 17 Accounts payable and accrued expenses..........   14,504
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 14,504
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........... 3,963,447 4,124,237
25 Net assets with donor restrictions............ 175,253 175,253
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)..... 4,138,700 4,299,490
30 Total liabilities and net assets/fund balances (see instructions). 4,138,700 4,313,994
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
4,138,700
2
Enter amount from Part I, line 27a .....................
2
-123,826
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
284,616
4
Add lines 1, 2, and 3 ..........................
4
4,299,490
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,299,490
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 BOSTON TRUST MIDCAP FUND BTMFX P   2023-10-30
b ISHARES INC MSCO JPNETF NEW, EWJ P   2023-11-14
c VANGUARD SMALL-CAP GROWTH INDEX FUND, VBK P   2023-11-14
d INVESCO EXCHANGE TRADED FD TR GBL LISTED, PSP P   2023-07-17
e BOSTON TRUST MIDCAP FUND BTMFX P   2023-10-30
FIDELITY LARGE CAP GROWTH INDEX FUND, FSPGX P   2023-06-15
INVESCO EXCHANGE TRADED FD TR GBL LISTED, PSP P   2023-07-17
INVESCO EXCHANGE TRADED FD TR WATER RES, PHO P   2023-06-15
ISHARES INC MSCO JPNETF NEW, EWJ P   2023-11-14
ISHARES S&P 500 INDEX INVESTOR A, BSPAX P   2023-06-15
NORTHERN LTX FD TR IV FRMLAFLIO TACT LI P   2023-10-17
PARAMETRIC COMMODITYSTRATEGIC CL A, EAPCX P   2023-06-15
VANGUARD SMALL-CAP GROWTH INDEX FUND, VBK P   2023-11-14
CAPITAL GAINS DIVIDENDS P    
(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 1,629   1,536 93
b 15,468   16,000 -532
c 37,340   40,000 -2,660
d 15   15 0
e 35,754   33,723 2,031
32,000   21,018 10,982
26   30 -4
46,799   30,994 15,805
40,954   39,951 1,003
32,000   23,547 8,453
59,111   64,990 -5,879
32,000   28,105 3,895
48,479   45,008 3,471
8,865     8,865
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       93
b       -532
c       -2,660
d       0
e       2,031
      10,982
      -4
      15,805
      1,003
      8,453
      -5,879
      3,895
      3,471
      8,865
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 45,523
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 2,895
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 2,895
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 2,895
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,756
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 1,756
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 1,139
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 arrowHTTPS://WWW.WINGSFINANCIAL.COM/FOUNDATION
14
The books are in care ofright arrowSCOTT KUHLMAN Telephone no.right arrow (952) 997-8000

Located atright arrow14985 GLAZIER AVENUEAPPLE VALLEYMN ZIP+4right arrow55124
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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(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
Yes
 
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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 WAGNER PRESIDENT
0.50 		0 0 0
14985 GLAZIER AVENUE
APPLE VALLEY,MN55124
NORMAN CREVELING VICE PRESIDENT
0.50 		0 0 0
14985 GLAZIER AVENUE
APPLE VALLEY,MN55124
VIKRAM ISRANI TREASURER
0.50 		0 0 0
14985 GLAZIER AVENUE
APPLE VALLEY,MN55124
GREG HIGGINS SECRETARY
0.50 		0 0 0
14985 GLAZIER AVENUE
APPLE VALLEY,MN55124
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
PATRICIA OLSON EDUCATION & YOUTH PR
28.00 		86,748 4,363 0
14985 GLAZIER AVENUE
APPLE VALLEY,MN55124
JARED LITTLE EDUCATION SPECIALIST
34.00 		69,159 3,609 0
14985 GLAZIER AVENUE
APPLE VALLEY,MN55124
JODI SLAIS EDUCATION SPECIALIST
33.00 		61,890 3,228 0
14985 GLAZIER AVENUE
APPLE VALLEY,MN55124
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
2,929,355
b
Average of monthly cash balances.......................
1b
1,258,227
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,187,582
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
4,187,582
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
62,814
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,124,768
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
206,238
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
206,238
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,895
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,895
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
203,343
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
203,343
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
203,343
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
604,264
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
604,264
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 7 203,343
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...... 233,758
b From 2019...... 492,936
c From 2020...... 370,122
d From 2021...... 261,442
e From 2022...... 375,136
f Total of lines 3a through e ........ 1,733,394
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 604,264
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..... 203,343
e Remaining amount distributed out of corpus 400,921
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 2,134,315
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) ... 		233,758
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,900,557
10 Analysis of line 9:
a Excess from 2019.... 492,936
b Excess from 2020.... 370,122
c Excess from 2021.... 261,442
d Excess from 2022.... 375,136
e Excess from 2023.... 400,921
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 e-mail address of the person to whom applications should be addressed:
MR JOHN J WAGNER
14985 GLAZIER AVENUE
APPLE VALLEY,MN55124
(952) 997-8000
bThe form in which applications should be submitted and information and materials they should include:
FOUNDATION APPLICATION REQUESTS ORGANIZATION DATE, PRIMARY CONTACT PERSON, PROJECT DESCRIPTION OF FINANCIAL INFORMATION, CHILD AND YOUTH EDUCATION PROJECTS GIVEN PRIORITY
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
PREFERENCE GIVEN TO YOUTH EDUCATIONAL PROGRAMS THAT EXHIBIT INNOVATION, COOPERATIVE EFFORTS THAT LEVERAGE FUNDS
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

360 COMMUNITIES

501 E HWY 13 STE 102
BURNSVILLE,MN55337 		  PC FIRE & ICE GALA, GOLF SPONSORSHIP, LEWIS HOUSE 7,500

CU FINANCIAL EDUCATION NETWORK

840 WESTMINSTER ST
ST PAUL,MN55130 		  PC DONATION - FINANCIAL EDUCATION 6,000

BESTPREP

7100 NORTHLAND CIRCLE N STE 306
BROOKLYN PARK,MN55428 		  PC BESTPREP MN BUSINESS VENTURES 3,600

BESTPREP

7100 NORTHLAND CIRCLE N STE 306
BROOKLYN PARK,MN55428 		  PC BESTPREP - EDUCATIONAL FORUM TABLE SPONSORSHIP 2,600

BESTPREP

7100 NORTHLAND CIRCLE N STE 306
BROOKLYN PARK,MN55428 		  PC BESTPREP ANNUAL LUNCHEON SPONSORSHIP 3,500

ASPIREMN

1919 UNIVERSITY AVE W STE 450
ST PAUL,MN55104 		  PC YOUTH WORK GRASSROOTS SPONSOR 250

AFFINITY PLUS FOUNDATION

175 W LAFAYETTE FRONTAGE RD
ST PAUL,MN55107 		  PF SPONSORSHIP FUNDRAISER 6,000

KIDS IN NEED FOUNDATION

2719 PATTON ROAD
ROSEVILLE,MN55113 		  PC 2023 THANKS A MILLION SPONSOR 5,000

WINGS FOR WIDOWS

290 PEAVEY RD
WAYZATA,MN55391 		  PC PRESENTING SPONSOR FUNDRAISER 5,000

DAKOTA COUNTY TECHNICAL COLLEGE

1300 145TH ST E
ROSEMOUNT,MN55068 		  GOV INNOVATOR SPONSOR 2,500

EDINA CHAMBER OF COMMERCE

3300 EDINBOROUGH WAY STE 650
EDINA,MN55435 		  NC EDINA SHARK TANK 2023 SCHOOLS FUNDRAISER 1,000

HIWAY CREDIT UNION FOUNDATION

840 WESTMINSTER STREET
ST PAUL,MN55130 		  PC SPONSORSHIP ANNUAL FUNDRAISER 5,000

EUGENE FIELD PTA

4645 4TH AVE S
MINNEAPOLIS,MD55419 		  GOV NEW PLAYGROUND 1,200

MINNESOTA CREDIT UNION NETWORK FOUNDATION

555 WABASHA STREET NORTH
ST PAUL,MN55102 		  PC SCHOLARSHIP COUNCIL DICE & ICE SPONSORSHIP 920

COUNTRYSIDE ELEMENTARY SCHOOL

5701 BENTON AVE S
EDINA,MN55436 		  GOV UPDATED ADA PLAYGROUND EQUIPT 1,000

INVER HILLS COMMUNITY COLLEGE

2500 EAST 80TH STREET
INVER GROVE HEIGHTS,MN55076 		  GOV COLLABORATIVE SPONSOR 1,000

IND SCHOOL DIST 196 - WESTVIEW ELEMENTARY

3455 153RD ST W
ROSEMOUNT,MN55068 		  GOV EDUCATION NEEDS 1,000

TWIN CITIES HABITAT FOR HUMANITY

1954 UNIVERSITY AVENUE WEST
ST PAUL,MN55104 		  PC WINGS BUILDER SPONSORSHIP 7,200

TOPLINE CREDIT UNION FOUNDATION

9353 JEFFERSON HWY
MAPLE GROVE,MN55369 		  PC CHARITABLE CONTRIBUTIONS LAWN BOWLING 2,500

MINNCO FOUNDATION

236 2ND AVE SW
CAMBRIDGE,MN55008 		  PF SPONSORSHIP FUNDRAISER 2,000

THE OPEN DOOR

3000 AMES CROSSING RD STE 100
EAGAN,MN55121 		  PC THE OPEN DOOR - CONF ROOM 10YR SPONSOR 2023-33 1,000

THE MINNEAPOLIS FOUNDATION

80 S 8TH ST STE 800
MINNEAPOLIS,MN55402 		  PC HOPE FUND 5,000

SPARK

1201 12TH ST SW SUITE 632
ROCHESTER,MN55902 		  PC SPARK - GREAT CARDBOARD SLED RACE 2,500

PARK NICOLLET FOUNDATION

6500 EXCELSIOR BLVD
ST LOUIS PARK,MN55426 		  PC MYASTHENIA GRAVIS AND MDA CLIN 2,000

MY CREDIT UNION COMMUNITY FOUNDATION

9550 LYNDALE AVENUE S
BLOOMINGTON,MN55420 		  PC SPONSORSHIP FUNDRAISER 5,000

MN CU FOUNDATION

1400 RIVERWOOD DRIVE
BURNSVILLE,MN55337 		  PC SPONSORSHIP CU FOR KIDS FUNDRAISER 3,650

IND SCHOOL DIST 196

3455 153RD ST W
ROSEMOUNT,MN55068 		  GOV EDUCATION NEEDS 100
ST LOUIS UNIVERSITY - SCHOLARSHIP -


1402 S GRAND BLVD
ST LOUIS,MO63104 		NONE I SCHOLARSHIP 1,000
EVCF - SCHOLARSHIP - KAITLYN MELLO


PO BOX 240905
APPLE VALLEY,MN55124 		NONE I SCHOLARSHIP 1,000
METROPOLITAN STATE UNIVERSITY - SCH


700 E 7TH ST
ST PAUL,MN55106 		NONE I SCHOLARSHIP 5,000
TRUSTEES OF THE UNIVERSITY PEN - SC


3451 WALNUT ST
PHILADELPHIA,PA19104 		NONE I SCHOLARSHIP 5,000
UNIVERSITY OF WISCONSIN - MADI - SC


333 E CAMPUS MALL 10501
MADISON,WI53715 		NONE I SCHOLARSHIP 5,000
UNIVERSITY OF WISCONSIN - MADI - SC


333 E CAMPUS MALL 10501
MADISON,WI53715 		NONE I SCHOLARSHIP 1,000
UNIVERSITY OF WISCONSIN - EAU - SCH


105 GARFIELD AVE
EAU CLAIRE,WI54701 		NONE I SCHOLARSHIP 5,000
UNIVERSITY OF MINNESOTA TWIN - MARI


106 PLEASANT ST SE
MINNEAPOLIS,MN55455 		NONE I SCHOLARSHIP 2,000
UNIVERSITY OF MICHIGAN - SCHOLARSHI


515 E JEFFERSON ST 2500
ANN ARBOR,MI48109 		NONE I SCHOLARSHIP 5,000
UC REGENTS - SCHOLARSHIP - SARAH YA


405 HILGARD AVE
LOS ANGELES,CA90095 		NONE I SCHOLARSHIP 2,000
OREGON STATE UNIVERSITY - SCHOLARSH


PO BOX 1086
CORVALLIS,OR97339 		NONE I SCHOLARSHIP 1,000
MIAMI UNIVERSITY BURSAR OFFICE - SC


301 S CAMPUS AVE
OXFORD,OH45056 		NONE I SCHOLARSHIP 1,000
NORWICH UNIVERSITY OF THE ARTS - SC


FRANCIS HOUSE 3-7 REDWELL ST
NORWICH,NORFOLK  
UK 		NONE I SCHOLARSHIP 2,000
Total .................................right arrow 3a 120,020
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 ........... 		    14 50,436  
4 Dividends and interest from securities ....     14 116,793  
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 45,523  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFUNDRAISER - GOLF TOURNAMENT 		    01 79,876  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 292,628 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
292,628
(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
WINGS FINANCIAL CREDIT UNION 501(C)(14) COMMON DIRECTORS
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
WINGS FINANCIAL FOUNDATION
 
Employer identification number

41-1929671
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
WINGS FINANCIAL FOUNDATION
  		Employer identification number
41-1929671
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
AFFINITY PLUS FEDERAL CREDIT UNION
 
175 W LAFAYETTE FRONTAGE RD
 
ST PAUL, MN55107

$ 10,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
AMERIPRISE FINANCIAL SERVICES
 
245 AMERIPRISE FINANCIAL CENTER
 
MINNEAPOLIS, MN55474

$ 5,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
ANDERSON CC
 
5280 W 74TH ST
 
EDINA, MN55439

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
BANZAI INC
 
2230 NORTH UNIVERSITY PKWY 14
 
PROVO, UT84606

$ 5,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
CLARITY COVERDALE FURY
 
121 S 8TH ST STE 1050
 
MINNEAPOLIS, MN55402

$ 5,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
TRUSTAGE
 
5910 MINERAL PT RD
 
MADISON, WI53701

$ 7,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
WINGS FINANCIAL FOUNDATION
  		Employer identification number
41-1929671
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
7
EXPERIAN
 
475 ANTON BLVD
 
COSTA MESA, CA92626

$ 7,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
GDO LAW
 
4770 WHITE BEAR PKWY
 
WHITE BEAR LAKE, MN55110

$ 5,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
GALLAGHER BASSET SERVICES INC
 
2850 GOLF ROAD
 
ROLLING MEADOWS, IL60048

$ 5,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
FRAUENSHUH INC
 
7101 W 78TH ST
 
MINNEAPOLIS, MN55439

$ 5,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
11
HARLAND CLARKE
 
15955 LA CENTERA PKWY
 
SAN ANTONIO, TX78256

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
12
ISPACE ENVIRONMENTS
 
811 GLENWOOD AVE
 
MINNEAPOLIS, MN55405

$ 7,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
WINGS FINANCIAL FOUNDATION
  		Employer identification number
41-1929671
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
13
LAND TITLE
 
15025 GLAZIER AVE
 
APPLE VALLEY, MN55124

$ 8,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
14
LEROY SIGNS
 
6325 WELCOME AVE N
 
BROOKLYN PARK, MN55429

$ 7,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
15
POPE DESIGN
 
767 N EUSTIS ST SUITE 190
 
ST PAUL, MN55114

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
16
PSCU
 
560 CARILLON PKWY
 
ST PETERSBURG, FL33716

$ 30,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
17
ROBERT W BAIRD
 
777 EAST WISCONSIN AVE
 
MILWAUKEE, WI53202

$ 5,501


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
18
VISA USA
 
900 METRO CENTER BLVD
 
FOSTER CITY, CA94404

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
WINGS FINANCIAL FOUNDATION
  		Employer identification number
41-1929671
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
19
WINGS FINANCIAL CREDIT UNION
 
14985 GLAZIER AVENUE
 
APPLE VALLEY, MN55124

$ 5,501


(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
WINGS FINANCIAL FOUNDATION
  		Employer identification number

41-1929671
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
WINGS FINANCIAL FOUNDATION
  		Employer identification number

41-1929671
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:
WINGS FINANCIAL FOUNDATION
EIN:
41-1929671
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 8,931 4,465 0 4,466

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 ExpenditureResponsibilityStmt
Name:
WINGS FINANCIAL FOUNDATION
EIN:
41-1929671
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
AFFINITY PLUS FOUNDATION
  		175 WEST LAFAYETTE FRONTAGE ROAD
ST PAUL,MN55107 		2023-08-29 6,000 DUELING FOR DREAMS FUNDRAISER TO HELP END CYCLES OF FINANCIAL INEQUITY THROUGH LIFE-CHANGING PROGRAMMING. 6,000 NONE 12/21/23 2023-12-21 ENSURED GRANT WAS USED FOR FINANCIAL ASSISTANCE PURPOSES AS OF DECEMBER 21, 2023 AS OUTLINED IN THE GRANT APPLICATION.
MINNCO CREDIT UNION FOUNDATION
  		235 W 1ST AVE
CAMBRIDGE,MN55008 		2023-03-31 2,000 FUNDRAISER TO SUPPORT FINANCIAL LITERACY AND EDUCATIONAL PROGRAMMING. 2,000 NONE 12/26/23 2023-12-26 ENSURED GRANT WAS USED FOR FINANCIAL LITERACY AND EDUCATIONAL PURPOSES AS OF DECEMBER 26, 2023 AS OUTLINED IN THE GRANT APPLICATION.
EDINA CHAMBER OF COMMERCE
  		7201 METRO BLVD STE 520
EDINA,MN55439 		2023-04-12 1,000 FUNDRAISER TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF EDINA, MINNESOTA. 1,000 NONE 12/31/23 2023-12-31 ENSURED GRANT WAS USED FOR PURPOSES STATED FOR THE EDINA SHARK TANK EVENT, WHICH SUPPORTS THE UPCOMING GENERATION OF EDINA STUDENTS WHO WILL SOON MAKE VALUABLE CONTRIBUTIONS TO THE BUSINESS COMMUNITY OF EDINA. VERIFIED PRECEDING AS OF DECEMBER 31, 2023.

TY 2023 InvestmentsCorpStockSchedule
Name:
WINGS FINANCIAL FOUNDATION
EIN:
41-1929671
Name of Stock End of Year Book Value End of Year Fair Market Value
AOR 104,678 104,678
BKF 31,626 31,626
BNDX 72,802 72,802
FSD 82,244 82,244
GMOM 43,297 43,297
GNR 50,305 50,305
GOVT 66,424 66,424
IAGG 69,421 69,421
IGE 55,013 55,013
PHO 51,366 51,366
PSP 101,137 101,137
QQQ 102,380 102,380
REM 54,596 54,596
RWX 26,744 26,744
VGK 85,136 85,136
VNQ 85,551 85,551

TY 2023 InvestmentsOtherSchedule2
Name:
WINGS FINANCIAL FOUNDATION
EIN:
41-1929671
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BGCAX FMV 53,963 53,963
BSPAX FMV 116,746 116,746
CALF FMV 96,372 96,372
CHGX FMV 62,483 62,483
CTFAX FMV 90,987 90,987
DLCMX FMV 103,361 103,361
DXJ FMV 54,133 54,133
EAPCX FMV 48,488 48,488
FAGIX FMV 112,971 112,971
FBNDX FMV 70,678 70,678
FHIFX FMV 42,873 42,873
FLATX FMV 53,909 53,909
FPURX FMV 107,829 107,829
FSPGX FMV 146,709 146,709
FSSMX FMV 44,873 44,873
GARTX FMV 73,777 73,777
GOVI FMV 61,091 61,091
GTRFX FMV 75,974 75,974
LACFX FMV 69,655 69,655
LPEFX FMV 81,256 81,256
MERFX FMV 44,255 44,255
NWFFX FMV 80,265 80,265
PBDIX FMV 73,173 73,173
PRGSX FMV 195,971 195,971
QGLDX FMV 52,122 52,122
XMHQ FMV 40,799 40,799

TY 2023 LegalFeesSchedule
Name:
WINGS FINANCIAL FOUNDATION
EIN:
41-1929671
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 3,618 0 0 3,618


TY 2023 OtherExpensesSchedule
Name:
WINGS FINANCIAL FOUNDATION
EIN:
41-1929671
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SPECIAL FUNDRAISING EVENT EXPENSES 79,876 0 0 79,876
FINANCIAL LITERACY SOFTWARE 129,101 0 0 129,101
OFFICE OPERATIONS 2,396 0 0 2,396
COMMUNITY EDUCATION 4,161 0 0 4,161
ADVERTISING AND PROMOTIONAL 8,918 0 0 3,414
MISCELLANEOUS EXPENSES 2 0 0 2


TY 2023 OtherIncomeSchedule2
Name:
WINGS FINANCIAL FOUNDATION
EIN:
41-1929671
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FUNDRAISER - GOLF TOURNAMENT 79,876   0


TY 2023 OtherIncreasesSchedule
Name:
WINGS FINANCIAL FOUNDATION
EIN:
41-1929671
Description Amount
UNREALIZED GAIN/LOSS ON INVESTMENTS 284,616


TY 2023 OtherProfessionalFeesSchedule
Name:
WINGS FINANCIAL FOUNDATION
EIN:
41-1929671
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER FEES 16,912 0 0 16,912