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
The R B Nordick Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)825 12th Avenue NE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
West Fargo, ND58078
A Employer identification number

45-0442920
B Telephone number (see instructions)

(701) 356-3252
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$47,106,800J 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) 88,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,477,633 1,477,663  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -787,560
b Gross sales price for all assets on line 6a 23,033,763
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........ 778,073 1,477,663  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,440 0   4,440
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
99,755 99,755   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
21,479 961   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 36,926 0   36,926
22 Printing and publications.......... 89 0   89
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,030 8,914   5,801
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 168,719 109,630   47,256
25 Contributions, gifts, grants paid....... 2,379,500 2,379,500
26 Total expenses and disbursements. Add lines 24 and 25 2,548,219 109,630   2,426,756
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,770,146
b Net investment income (if negative, enter -0-) 1,368,033
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.............      
2 Savings and temporary cash investments......... 754,351 834,141 834,141
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 556,409 Click to see attachment
List of Attached Documents:
// Content
276,252 		275,404
b Investments—corporate stock (attach schedule)....... 1,153,515 Click to see attachment
List of Attached Documents:
// Content
1,044,787 		982,820
c Investments—corporate bonds (attach schedule)....... 8,047,152 Click to see attachment
List of Attached Documents:
// Content
14,141,377 		15,963,001
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans............. 707,364 444,428 370,593
13 Investments—other (attach schedule).......... 29,664,281 Click to see attachment
List of Attached Documents:
// Content
22,327,450 		28,636,350
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
44,491 		Click to see attachment
List of Attached Documents:
// Content
44,491
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 40,883,072 39,112,926 47,106,800
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 15,170,450 15,170,450
28 Retained earnings, accumulated income, endowment, or other funds 25,712,622 23,942,476
29 Total net assets or fund balances (see instructions)..... 40,883,072 39,112,926
30 Total liabilities and net assets/fund balances (see instructions). 40,883,072 39,112,926
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
40,883,072
2
Enter amount from Part I, line 27a .....................
2
-1,770,146
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
39,112,926
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
39,112,926
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      
b Lehman Bond Recovery 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 23,033,726   23,821,323 -787,597
b 37     37
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       -787,597
b       37
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 -787,560
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 19,016
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 19,016
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 19,016
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 18,992
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 48,992
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 29,975
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow29,975 Refundedright arrow 11 0
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 arrowDouglas R Geeslin Telephone no.right arrow (701) 356-3252

Located atright arrow825 12th Avenue NEWest FargoND ZIP+4right arrow58078
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)
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
Brett A Nordick President
40.00 		0 0 0
675 12th Ave NE
West Fargo,ND580783502
Erin Castagna Vice President/Secretary
20.00 		0 0 0
675 12th Ave NE
West Fargo,ND580783502
Sherri Lean Nordick Director
1.00 		0 0 0
675 12th Ave NE
West Fargo,ND580783502
Doug Geeslin Chief Financial Officer
1.00 		0 0 0
675 12th Ave NE
West Fargo,ND580783502
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
37,966,524
b
Average of monthly cash balances.......................
1b
1,748,088
c
Fair market value of all other assets (see instructions)................
1c
7,939,526
d
Total (add lines 1a, b, and c).........................
1d
47,654,138
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
47,654,138
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
714,812
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
46,939,326
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,346,966
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
2,346,966
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
19,016
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
19,016
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,327,950
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,327,950
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
2,327,950
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
2,426,756
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
2,426,756
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 2,327,950
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 2,299,263
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$ 2,426,756
a Applied to 2022, but not more than line 2a 2,299,263
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..... 127,493
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 .......... 		2,200,457
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

China Harvest Inc

PO Box 12249
Wichita,KS672772249 		  PC General Support 30,000

Church Growth Ministries

314 Bluebird Dr
Isanti,MN55040 		  PC General Support 45,000

New India Evangelistic Association

305 Old Ashby Ridge Rd
Parkersburg,WV26104 		  PC General Support 200,000

Strategic Global Assistance Inc

513 S Main St Suite 2
Elkhart,IN46516 		  PC General Support 1,057,500

Awana Clubs International

15877 Collection Drive
Chicago,IL606930158 		  PC General Support 330,000

Church of Glad Tidings

PO Box 1630
Yuba City,CA95992 		  PC General Support 120,000

Cornerstone Ministries International

PO Box 4002
Tustin,CA92781 		  PC General Support 60,000

General Conference of the Brethren in Christ Inc

431 Grantham Rd
Mechanicsburg,PA170555812 		  PC General Support 60,000

Global Empowerment

87 Outback Loop
Linn Creek,MO65052 		  PC General Support 20,000

Healing Grace Ministries

19425 Soledad Canyon Rd 147
Canyon Country,CA91351 		  PC General Support 47,000

Hope and Grace International

PO Box 53
Arlington,WA98223 		  PC General Support 50,000

Ministry Developers Network

PO Box 3115
Riverview,FL33569 		  PC General Support 15,000

Missions International

PO Box 681299
Franklin,TN37068 		  PC General Support 135,000

Unfolding Word

10524 Moss Pard Road Ste 204/402
Orlando,FL328325898 		  PC General Support 150,000

Global Evangelical Team

PO Box 953
Huntsville,TX77342 		  PC General Support 60,000
Total .................................right arrow 3a 2,379,500
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,477,633  
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 -787,560  
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) .. 0 690,073 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
690,073
(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
The R B Nordick Foundation
 
Employer identification number

45-0442920
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
The R B Nordick Foundation
  		Employer identification number
45-0442920
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
Yvonne Nordick Trust
 
PO Box 9798
 
Fargo, ND581069798

$ 88,000


(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
The R B Nordick Foundation
  		Employer identification number

45-0442920
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
The R B Nordick Foundation
  		Employer identification number

45-0442920
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:
The R B Nordick Foundation
EIN:
45-0442920
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 4,440 0   4,440

TY 2023 InvestmentsCorpBondsSchedule
Name:
The R B Nordick Foundation
EIN:
45-0442920
Name of Bond End of Year Book Value End of Year Fair Market Value
GS MBS TR SER 2022 PJ3 CL A 7 FLTG RATE DTD 03/01/2022 DUE 08/25/2052 IPD24 233,847 217,175
NORFOLK SOUTHN CORP SR GLBL NT 2.903% DTD 02/15/2013 DUE 02/15/2023 CALLABLE 260,359 261,812
TUCSON ELEC PWR CO SR NT 3.05% DTD 02/27/2015 DUE 03/15/2025 CALLABLE 247,474 253,331
APPLIED MATLS INC SR NT 3.90% DTD 09/24/2015 DUE 10/01/2025 CALLABLE 99,590 98,600
ARCHER DANIELS MIDLAND CO SR DEB 6.75% DTD 12/15/1997 DUE 12/15/2027 NON-CAL 62,116 53,885
AT&T INC SR GLBL NT 6.95% DTD 01/15/2019 DUE 01/15/2028 NON-CALLABLE 226,576 194,614
BK OF AMERICA CORP FR 4.20% DTD 08/26/2014 DUE 08/26/2024 NON-CALLABLE 301,276 272,421
DR PEPPER SNAPPLE GROUP INC SR GLBL NT 2.55% DTD 09/16/2016 DUE 09/15/2026 C 75,715 75,499
EMERSON ELEC CO SR NT 3.15% DTD 05/18/2015 DUE 06/01/2025 CALLABLE 121,704 122,188
ENBRIDGE INC MTN CDS GLBL NT 2.15% DTD 02/17/2022 DUE 02/16/2024 CALLABLE 194,492 199,094
ENERGY TRANSFER L P SR GLBL DEB 9.00% DTD 11/01/1994 DUE 11/01/2024 NON-CALL 178,167 148,147
EQUINIX INC SR GLBL NT 2.625% DTD 11/18/2019 DUE 11/18/2024 CALLABLE 240,663 243,500
EXPRESS SCRIPTS HLDG CO SR GLBL 3.50% DTD 06/05/2014 DUE 06/15/2024 CALLABLE 148,677 148,280
GOLDMAN SACHS GROUP INC FR 1.00% DTD 10/07/2021 DUE 10/07/2024 CALLABLE 244,878 234,031
HERSHEY CO SR GLBL 2.30% DTD 08/09/2016 DUE 08/15/2026 CALLABLE 47,332 47,407
INGREDION INC SR GLBL 3.20% DTD 09/22/2016 DUE 10/01/2026 CALLABLE 95,920 95,714
INTERNATIONAL BUSINESS MACHS CORP DEB 7.00% DTD 10/30/1995 DUE 10/30/2025 CA 176,754 156,153
LILLY ELI & CO SR NT 2.75% DTD 03/05/2015 DUE 06/01/2025 CALLABLE 123,379 126,513
MAGNA INTL INC SR GLBL NT 3.625% DTD 06/16/2014 DUE 06/15/2024 CALLABLE 102,890 99,050
MERCK & CO INC NEW SR NT 2.75% DTD 02/10/2015 DUE 02/10/2025 CALLABLE 95,913 97,778
MONSANTO CO SR GLBL NT 3.375% DTD 07/01/2014 DUE 07/15/2024 CALLABLE 152,123 147,353
MONTELL FIN CO BV SR 144A 8.10% DTD 03/25/1997 DUE 03/15/2027 CALLABLE 125,743 107,653
NBD BK N A DETROIT MICH SUB NT 8.25% DTD 11/03/1994 DUE 11/01/2024 PUTABLE 134,672 102,029
NORTHROP GRUMMAN CORP SR GLBL DEB 7.875% DTD 03/01/1996 DUE 03/01/2026 NON-C 122,085 105,769
STATE STREET BOSTON CORP 7.35% DTD 06/15/1996 DUE 06/15/2026 130,564 105,337
TRI STATE GENERATION &TRANSMIS 1M GLBL 2014E 3.70% DTD 05/01/2015 DUE 11/01/ 135,959 127,485
WEYERHAEUSER CO DEB 7.375% DTD 09/15/2002 DUE 03/15/2032 CALLABLE 138,356 116,046
Alerus Financial Corp Common Stock 886,263 2,879,354
AMERICAN EXPRESS CO SR GLBL NT 3.375% DTD 05/03/2022 DUE 05/03/2024 NON-CALL 255,190 258,006
AMPHENOL CORP SR GLBL NT 2.05% DTD 02/20/2020 DUE 03/01/2025 CALLABLE 123,019 125,475
ARIZONA PUB SVC CO SR NT 2.95% DTD 09/11/2017 DUE 09/15/2027 CALLABLE 91,706 94,508
BANK MONTREAL MEDIUM FR 5.75% DTD 06/30/2023 DUE 06/30/2025 CALLABLE 260,000 256,714
BURLINGTON NORTHN SANTA FE CP SR GLBL 3.40% DTD 08/18/2014 DUE 09/01/2024 CA 254,389 256,729
CITIGROUP GLOBAL MKTS HLDGS IN FR 6.00% DTD 10/18/2023 DUE 11/18/2024 CALLAB 260,000 260,107
CONAGRA BRANDS, INC 29,147 25,135
DOMINION ENERGY GAS HLDGS LLC SR GLBL A NT 2.50% DTD 11/21/2019 DUE 11/15/2 248,534 253,211
FEDERAL FARM CR BKS CONS SYSTEMWIDE BDS 4.89% DTD 07/21/2023 DUE 07/21/2026 260,000 260,351
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD SER K 040 CL A 2 3.24 316,824 320,098
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD SER K 730 CL A 2 FLTG 241,115 243,318
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD SER K 733 CL A 2 FLTG 251,327 253,770
FEDERAL HOME LOAN BKS CONS BDS 1.125% DTD 09/29/2021 DUE 09/29/2026 CALLABLE 231,374 238,571
FEDERAL HOME LOAN BKS CONS BDS 5.00% DTD 10/17/2022 DUE 10/17/2025 CALLABLE 258,687 258,762
FEDERAL HOME LOAN BKS CONS BDS 5.40% DTD 06/30/2023 DUE 03/28/2025 CALLABLE 234,648 234,387
FEDERAL HOME LOAN BKS CONS BDS 5.75% DTD 08/16/2023 DUE 08/16/2027 CALLABLE 389,870 389,146
INDIANA ST HSG & CMNTY DEV AUT TAXABLE MTG BDS 2022D TAXABLE 3.93% DTD 09/27 255,156 257,049
INTERNATIONAL BUSINESS MACHS GLBL NT 4.50% DTD 02/06/2023 DUE 02/06/2026 CAL 108,380 109,724
JABIL INC SR GLBL 1.70% DTD 04/14/2021 DUE 04/15/2026 CALLABLE 98,890 101,875
LINCOLN NATL CORP IND SR NT 3.35% DTD 03/09/2015 DUE 03/09/2025 CALLABLE 249,215 253,854
LOCKHEED MARTIN CORP SR DEB 7.625% DTD 06/12/1995 DUE 06/15/2025 NON-CALLABL 270,283 271,409
PFIZER INC COM 30,223 23,723
PHILLIPS 66 CO SR GLBL NT 3.605% DTD 02/15/2023 DUE 02/15/2025 CALLABLE 252,226 255,424
PHILLIPS 66 COM 26,153 33,551
PIMCO MORTGAGE OPPORTUNITIES AND BOND FUND INSTL 61,065 61,313
PRIVATE EXPT FDG CORP SR SEC 1.75% DTD 11/07/2019 DUE 11/15/2024 NON-CALLABL 241,000 242,540
ROYAL BK CDA FR 0.65% DTD 07/29/2021 DUE 07/29/2024 NON-CALLABLE 250,718 253,133
SMITHSONIAN INSTITUTION SR GLBL 1.118% DTD 06/18/2020 DUE 09/01/2024 CALLABL 248,305 251,417
SPDR BLOOMBERG 1-3 MONTH T-BILL ETF 116,016 115,700
STEEL DYNAMICS INC SR GLBL 2.80% DTD 12/11/2019 DUE 12/15/2024 CALLABLE 250,081 253,542
TYSON FOODS INC SR GLBL NT 4.00% DTD 02/19/2019 DUE 03/01/2026 CALLABLE 124,773 127,470
UNILEVER PLC SPONSORED ADR NEW 12,352 11,538
VERIZON COMMUNICATIONS INC NT 2.625% DTD 08/01/2016 DUE 08/15/2026 CALLABLE 240,484 247,642
WESTLAKE CORPORATION SR GLBL NT 0.875% DTD 08/19/2021 DUE 08/15/2024 CALLABL 246,740 252,260
BK OF AMERICA CD CHARLOTTE NC CD 250,000 254,466
DORT FINL CR UN GRAND BLANC MI CTF DEP 5.05% DTD 07/11/2023 DUE 07/13/2026 N 250,000 251,213
EVERBANK N A JACK JACKSONVILLE FL CD 250,000 254,396
FIRSTBANK PUERTO RICO SANTURCE INSTL CD 250,000 254,045
MORGAN STANLEY CD SALT LAKE CITY UT CD 250,000 254,465
PARKWAY BANK CD HARWOOD HEIGHTS IL CD 250,000 254,431
PNC BANK NA WILMINGTON DE CD 250,000 254,344
SALLIE MAE BK MURRAY UTAH CTF DEP 0.70% DTD 08/11/2021 DUE 08/12/2024 NON-CA 250,000 243,340
VALLEY NATL BK PASSAIC N J CD 250,000 254,631

TY 2023 InvestmentsCorpStockSchedule
Name:
The R B Nordick Foundation
EIN:
45-0442920
Name of Stock End of Year Book Value End of Year Fair Market Value
ARES CAP CORP COM 43,673 41,943
INTEL CORP COM 53,531 52,662
ABBVIE INC COM 27,478 33,938
AGNC INVT CORP COM 50,707 30,813
AMGEN INC COM 28,103 36,579
ANNALY CAPITAL MANAGEMENT INC COM NEW 21,769 13,462
AT&T INC COM 37,306 32,822
CISCO SYS INC COM 38,212 39,911
DOW INC COM 41,098 38,333
DUKE ENERGY CORP NEW COM 39,331 37,263
EXXON MOBIL CORP COM 13,807 20,896
GILEAD SCIENCES INC COM 30,317 37,589
GSK PLC SPONSORED ADR 41,037 34,355
HEWLETT PACKARD ENTERPRISE CO COM 18,221 21,616
HUNTINGTON BANCSHARES INC COM 34,372 27,577
INTERNATIONAL BUSINESS MACHS CORP COM 31,004 39,579
INTERNATIONAL PAPER CO COM 43,713 34,921
KRAFT HEINZ CO COM 32,920 34,465
LEGGETT & PLATT INC COM 38,990 27,793
LYONDELLBASELL INDUSTRIES N V SHS A 38,515 38,032
NEWELL BRANDS INC 38,105 17,976
PRUDENTIAL FINL INC COM 32,801 32,980
RIO TINTO PLC SPONSORED ADR 51,545 54,058
SEAGATE TECHNOLOGY HLDNGS PLC ORD SHS 39,167 51,307
SOUTHERN CO COM 35,364 37,374
TC ENERGY CORP COM 35,592 28,770
UNITED PARCEL SVC INC CL B 37,690 30,345
VERIZON COMMUNICATIONS INC COM 48,185 33,704
VIATRIS INC COM 22,234 21,757

TY 2023 InvestmentsGovtObligationsSch
Name:
The R B Nordick Foundation
EIN:
45-0442920
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:


276,252
State & Local Government Securities - End of Year Fair Market Value:


275,404


TY 2023 InvestmentsOtherSchedule2
Name:
The R B Nordick Foundation
EIN:
45-0442920
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ART IS LOVE SPV 1, LLC AT COST 1,952,288 2,306,045
EATON VANCE SHORT DURATION GOVERNMENT INCOME FUND CLASS I #373 AT COST 160,851 158,613
FLINT HILLS KISSNER CO-INVEST 2020 LP AT COST 432,740 564,734
INVESTMENT IN LWO FUND III LP AT COST 5,105,696 5,068,747
ISHARES EDGE MSCI USA MOMENTUM FACTOR AT COST 1,002,120 1,844,242
IShares MSCI EAFE Value ETF AT COST 1,608,142 1,753,373
ISHARES TR CORE MSCI EAFE ETF AT COST 164,729 187,131
LORD ABBETT INVESTMENT TRUST SHORT DURATION INCOME FUND #1425 AT COST 59,052 59,375
MS Direct Lending Fund AT COST 1,060,349 1,198,961
MSILF Government PTF Inst AT COST 550,578 550,578
SELECT SECTOR SPDR TR FINANCIAL AT COST 10,873 13,085
VANGUARD INDEX FDS S&P 500 ETF SHS NEW AT COST 23,681 35,381
Vanguard Small-Cap Value Vipers AT COST 1,071,025 2,312,075
VANGUARD TOTAL STOCK MARKET INDEX FUND - ADM #585 AT COST 308,254 489,156
Vanguard Total Stock Market Vipers AT COST 485,670 1,682,127
Vanguard Value VIpers AT COST 661,300 1,313,657
VANGUARD WHITEHALL FDS HIGH DIVIDEND YIELD ETF SHS AT COST 54,725 55,592
Wells Fargo Bk NA Sioux Falls SD CD AT COST 250,000 254,465
INVESCO QQQ TR UNIT SER 1 AT COST 85,913 161,351
ISHARES EDGE MSCI MIN VOL EMERGING MARKETS ETF AT COST 282,358 287,011
ISHARES MSI Edge MCSI MIN VOL USA AT COST 568,745 900,310
ISHARES EDGE MSCI USA QUALITY FACTOR AT COST 446,751 945,963
ISHARES MSCI EAFE MINIMUM VOLATILITY ETF AT COST 355,679 389,413
STATE BANKSHARES PFD CONVERTIBLE NON CUMULATIVE STOCK AT COST 3,000,000 3,000,000
VANGUARD INTL EQUITYFDS FTSE ALL WORLD USA SMALL CAP AT COST 1,204,186 1,404,286
VANGUARD DEVELOPED MARKETS INDEX FUND AT COST 733,280 1,041,394
VANGUARD FTSE EMERGING MARKETS INDEX ETF AT COST 688,465 659,285

TY 2023 OtherAssetsSchedule
Name:
The R B Nordick Foundation
EIN:
45-0442920
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Accrued Interest   44,491 44,491


TY 2023 OtherExpensesSchedule
Name:
The R B Nordick Foundation
EIN:
45-0442920
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Office Supplies 5,776 0   5,776
Bank Fees 229 229   0
K-1 Deductions 0 8,685   0
State Charitable Organization Filing Fee 25 0   25


TY 2023 OtherProfessionalFeesSchedule
Name:
The R B Nordick Foundation
EIN:
45-0442920
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 99,755 99,755   0


TY 2023 TaxesSchedule
Name:
The R B Nordick Foundation
EIN:
45-0442920
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal Income Tax 20,518 0   0
Foreign Tax W/H 961 961   0