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
ARLIN FALCK FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)12743 BUCKLEY ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CALEDONIA, MN55921
A Employer identification number

41-1925877
B Telephone number (see instructions)

(507) 724-3348
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$4,545,818J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 25,623 25,623  
4 Dividends and interest from securities... 108,468 108,468  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -29,917
b Gross sales price for all assets on line 6a 275,802
7 Capital gain net income (from Part IV, line 2)...  
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
6,311 6,311  
12 Total. Add lines 1 through 11........ 110,485 140,402  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 63,653 14,430   49,223
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
10,300 10,300    
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
8,592 8,592    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
6,321 2,264   3,766
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,007     1,007
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,071     4,071
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 93,944 35,586   58,067
25 Contributions, gifts, grants paid....... 225,187 225,187
26 Total expenses and disbursements. Add lines 24 and 25 319,131 35,586   283,254
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -208,646
b Net investment income (if negative, enter -0-) 104,816
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......... 696,986 612,923 609,921
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)      
b Investments—corporate stock (attach schedule)....... 2,498,575 Click to see attachment
List of Attached Documents:
// Content
2,476,232 		3,935,896
c Investments—corporate bonds (attach schedule)....... 104,711 Click to see attachment
List of Attached Documents:
// Content
104,711 		1
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).......... 100,000    
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,400,272 3,193,866 4,545,818
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
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........ 3,400,272 3,193,866
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)..... 3,400,272 3,193,866
30 Total liabilities and net assets/fund balances (see instructions). 3,400,272 3,193,866
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
3,400,272
2
Enter amount from Part I, line 27a .....................
2
-208,646
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,240
4
Add lines 1, 2, and 3 ..........................
4
3,193,866
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,193,866
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 - MS P    
b PUBLICLY TRADED SECURITIES - MS P    
c PUBLICLY TRADED SECURITIES - MS P    
d PUBLICLY TRADED SECURITIES - MS P    
e PUBLICLY TRADED SECURITIES - MS P    
PUBLICLY TRADED SECURITIES - MS P    
PTS SEC 1256 OPTION CONTRACTS - MS 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 53   53  
b 100,000   100,000  
c 2,065   2,566 -501
d 39,240   52,232 -12,992
e 28,427   16,143 12,284
99,936   132,594 -32,658
    2,131 -2,131
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        
b        
c       -501
d       -12,992
e       12,284
      -32,658
      -2,131
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 -29,917
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 9,652
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 1,457
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  
3 Add lines 1 and 2........................... 3 1,457
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,457
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,200
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 1,743
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,743 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 arrowKATHLEEN V NELSON Telephone no.right arrow (507) 724-3348

Located atright arrow12743 BUCKLEY ROADCALEDONIAMN ZIP+4right arrow55921
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
 
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
KATHLEEN V NELSON PRESIDENT
22.50 		48,100 0 0
12743 BUCKLEY ROAD
CALEDONIA,MN55921
DALE EVAVOLD SECRETARY
1.00 		7,777 0 0
PO BOX 478
RUSHFORD,MN55971
ALAN C ANDERSON TREASURER
1.00 		7,776 0 0
121 14TH ST NE
ROCHESTER,MN55906
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  
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 arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
3,844,437
b
Average of monthly cash balances.......................
1b
735,427
c
Fair market value of all other assets (see instructions)................
1c
17,696
d
Total (add lines 1a, b, and c).........................
1d
4,597,560
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
4,597,560
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
68,963
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,528,597
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
226,430
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
226,430
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,457
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,457
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
224,973
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
224,973
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
224,973
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
283,254
b
Program-related investments—total from Part VIII-B..................
1b
 
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
283,254
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 7 224,973
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 17,048
f Total of lines 3a through e ........ 17,048
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 283,254
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 224,973
e Remaining amount distributed out of corpus 58,281
5 Excess distributions carryover applied to 2023.    
(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 75,329
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		75,329
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 17,048
e Excess from 2023.... 58,281
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).)
NONE
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.
NONE
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:
ARLIN FALCK FOUNDATION K NELSON
12743 BUCKLEY ROAD
CALEDONIA,MN55921
(507) 724-3348
bThe form in which applications should be submitted and information and materials they should include:
AS PER FOUNDATION GRANT APPLICATION AVAILABE AT ADDRESS INDICATED IN 2A.
cAny submission deadlines:
OCTOBER
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
1-SCHOLARSHIPS FOR STUDENTS WHO RESIDE IN FILLMORE AND HOUSTON COUNTIES, MN AND ALLAMAKEE AND WINNESHIEK COUNTIES, IA AND INTEND TO STUDY BUSINESS SUBJECTS. 2-ENTITIES THAT HAVE 501(C)(3) DESIGNATION OR MUNICIPALITIES IN THE SAME FOUR COUNTY AREAS, FOR COMMUNITY PROJECTS.
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

CITY OF BROWNSVILLE

PO BOX 138
BROWNSVILLE,MN55919 		  GOV FIRE & RESUCE TURNOUT GEAR 37,000

ALLAMAKEE AG SOCIETY

PO BOX 208
WAUKON,IA52172 		  PC ALUMINUM BLEACHER SEATING 20,000

SEMCAC

PO BOX 549
RUSHFORD,MN55971 		  PC OFFICE BUILDING REHAB 20,000

ST PATRICK SCHOOL

200 2ND ST SW
WAUKON,IA52172 		  PC CLASSROOM MATERIALS/RESOURCES 17,024

HESPER MABEL HISTORICAL SOCIETY

PO BOX 56
MABEL,MN55954 		  PC TOWN HALL IMPROVEMENTS 13,150

GRACE PLACE

110 W JESSE ST
RUSHFORD,MN55971 		  PC COMMUNITY ASSISTANCE PROGRAMS 12,000

WAUKON FIRE DEPARTMENT ASSN

PO BOX 429
WAUKON,IA52172 		  GOV PERSONAL PRETECTIVE GEAR 12,000

SENIOR CITIZENS HOSPITALITY CENTER

806 RIVER ST
DECORAH,IA52101 		  PC CEILING TILE REPLACEMENT/PAINT FRAME 10,200

GOOD EARTH VILLAGE

25303 OLD TOWN DRIVE
SPRING VALLEY,MN55975 		  PC OLD TOWN CABIN MECHANICAL WORK 10,000

MAINSPRING

404 EAST MAIN ST
CALEDONIA,MN55921 		  PC A/C 7,500

CITY OF SPRING GROVE

118 1ST AVE NW
SPRING GROVE,MN55974 		  GOV SPRING GROVE PARK REFRESH 6,000

BLUFF COUNTRY COLLABORATIVE
SE MN WORKFORCE DEVELOPMENT
PO BOX 410
CALEDONIA,MN55921 		  PC GENERAL OPERATING/PROJECTS 6,000

CITY OF RUSHFORD

PO BOX 430
RUSHFORD,MN55971 		  GOV RUSHFORD CITY ENTRANCE SIGN 5,000

CITY OF SPILLVILLE

PO BOX 258
SPILVILLE,IA52168 		  GOV ARTIFACT & EXHIBIT PROTECTION 5,000

CITY OF MABEL

PO BOX 425
MABEL,MN55954 		  GOV COMMUNITY CENTER UPGRADE 4,820

LANSING IOWA FOOD TRUST

PO BOX 421
LANSING,IA52151 		  PC FOOD ITEMS FOR HOLIDAY MEALS 4,000

HELPING HANDS IMMANUEL LUTHERAN

419 E GROVE ST
CALEDONIA,MN55921 		  PC BACKPACK & SCHOOL SUPPLIES 3,000

CALEDONIA AREA COMMUNITY CHARITIES

900 NORTH KINGSTON ST
CALEDONIA,MN55921 		  PC CHAIRS/CARPET CLEANER-COMM CENTER 2,293

QUILTERS THERAPY

3551 EVERGREEN ROAD
MABEL,MN55954 		  PC SHOP WITH A COP/QUILTS FOR KIDS 2,200

CALEDONIA ROBOTIC WARRIORS

825 NORTH WARRIOR AVE
CALEDONIA,MN55921 		  GOV 5TH GRADE STEAM PRESENTATION 1,000

LUTHER COLLEGE

700 COLLEGE DRIVE
DECORAH,IA52101 		  GOV WOMEN, FAITH & FINANCE ED SEMINAR 1,000

DECORAH HIGH SCHOOL

100 CLAIRBORNE DRIVE
DECORAH,IA52101 		  GOV SCHOLARSHIPS 5,980

LA CRESCENT HIGH SCHOOL

1301 LANCER DR
LA CRESCENT,MN55947 		  GOV SCHOLARSHIPS 4,245

ALLAMAKEE HIGH SCHOOL

1061 3RD AVE NW
WAUKON,IA52172 		  GOV SCHOLARSHIPS 4,160

CALEDONIA HIGH SCHOOL

825 N WARRIOR AVE
CALEDONIA,MN55921 		  GOV SCHOLARSHIPS 3,035

POSTVILLE HIGH SCHOOL

PO BOX 717
POSTVILLE,IA52162 		  GOV SCHOLARSHIPS 2,430

SOUTH WINNESHIEK HIGH SCHOOL

304 S WEBSTER ST
CALMAR,IA52132 		  GOV SCHOLARSHIPS 2,080

FILLMORE CENTRAL HIGH SCHOOL

145 MAIN AVE S
HARMONY,MN55939 		  GOV SCHOLARSHIPS 2,035

RUSHFORD PETERSON HIGH SCHOOL

998 PINE MEADOWS LANE
RUSHFORD,MN55971 		  GOV SCHOLARSHIPS 2,035
Total .................................right arrow 3a 225,187
bApproved for future payment
Total ................................. right arrow 3b  
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 25,623  
4 Dividends and interest from securities ....     14 108,468  
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 ............ 		    14 6,081 -35,998
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aJACKSON NATL LIFE INS ANNUI 		    14 6,311  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   146,483 -35,998
13Total. Add line 12, columns (b), (d), and (e)..................
13
110,485
(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

TY 2023 AccountingFeesSchedule
Name:
ARLIN FALCK FOUNDATION
EIN:
41-1925877
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ALAN C. ANDERSON CHTD CPA-TAX (' 5,000 5,000    
ALAN C. ANDERSON CHTD CPA-TAX (' 5,300 5,300    

TY 2023 InvestmentsCorpBondsSchedule
Name:
ARLIN FALCK FOUNDATION
EIN:
41-1925877
Name of Bond End of Year Book Value End of Year Fair Market Value
WASHINGTON MUTUAL BANK 104,711 1

TY 2023 InvestmentsCorpStockSchedule
Name:
ARLIN FALCK FOUNDATION
EIN:
41-1925877
Name of Stock End of Year Book Value End of Year Fair Market Value
ABB LTD    
ABERDEEN ASIA-PACIFIC PRIME INCOME 9,475 2,710
ACCELLERON INDS LTD    
ACCENTURE PLC IRELAND CL A 3,846 4,562
ADOBE INC 4,674 4,176
AFLAC INCORPORATED 2,147 3,135
ALCON INC 3,305 7,812
ALLETE INC NEW 57,010 107,091
ALLIANT ENERGY CORP 38,146 159,748
ALLY FINANCIAL INC    
ALPHABET INC CL A 12,594 12,290
AMERICAN ELEC PWR CO 26,791 23,968
AMERICAN TOWER CORP 5,394 4,533
AMERICAN WATER WORKS CO 2,401 1,716
AMEX S & P 500 INDEX FUND (CALL)    
ELEVANCE HEALTH INC (ANTHEM INC COM) 4,034 5,129
APPLE INC    
APPLE INC 12,147 15,204
APTIV PLC 25,229 17,944
APTIV PLC 3,556 2,749
ASML HOLDING NV NY REG NEW 5,095 4,542
ASTRAZENE CA PLC ADR 3,239 3,637
AT & T INC 24,996 13,424
AT & T INC 20,638 15,102
AUTODESK INC DELAWARE    
AVALONBAY COMM INC 1,994 1,685
AVANGRID INC    
BANK OF AMERICA CORP 3,521 2,870
BAXTER INTL INC    
BECTON DICINSON & CO 1,445 1,463
BERKSHIRE HATHAWAY CL-B 18,614 35,666
BLACKROCK UTIL INF & PW OPP TR 41,455 34,912
BRISTOL MYERS SQUIBB CO 7,201 12,827
CHEVRON CORP 64,329 225,828
CHIPOTLE MEXICAN GRILL INC 2,089 2,324
CISCO SYS INC 15,300 12,883
CITIZENS FINANCIAL GROUP INC 21,788 16,570
COCA COLA CO 11,038 23,572
COCA COLA CO    
COCA COLA CO 11,795 11,534
COMCAST CORP CL A NEW 38,311 81,035
CONSOLIDATED EDISON INC 20,205 45,485
CONSTELLATION ENERGY CORP 4,506 11,806
COSTCO WHOLESALE CORP NEW 4,160 5,941
CVS HEALTH CORP COM    
DARDEN RESTAURANTS 15,269 17,251
DEERE & CO 1,181 1,259
DEVON ENERGY CORP NEW 8,883 13,318
DNP SELECT INCOME INC 23,746 22,896
DT MIDSTREAM INC 2,567 9,425
DTE ENERGY COMPANY 14,142 38,040
DUKE ENERGY CORP NEW 4,760 9,704
EATON CORP PLC SHS 3,255 4,706
ECOLAB INC 3,569 3,346
EQUINIX HEALTH INC 2,173 2,426
EVERGY INC 70,719 121,365
EXELON CORP 10,766 10,949
EXXON MOBIL CORP 19,605 49,990
EXXON MOBIL CORP 15,991 19,996
FASTENAL CO 10,375 77,724
FERGUSON PLC 1,203 1,400
FIRST REPUBLIC BANK/CA    
FIRST SOLAR INC COM 1,907 2,888
FIRST TRUST GBL TACTICAL STG F 8,062 7,293
FIRST TR MORNINGSTAR DIV 28,807 28,704
FORD MOTOR COMPANY NEW 9,744 12,190
FRANKLIN INCOME FUND CL A 45,586 46,202
FRANKLIN S&P 500 INDEX A 118,240 232,624
GE HEALTHCARE TECHNOLOGIES INC 4,595 1,933
GENERAL ELECTRIC CO 17,419 9,572
GENERAL ELECTRIC CO 17,154 11,104
GSK PLC ADR (SPINOFF GLAXOSMITHKLINE 8,724 5,930
HALEON PLC ADR (SPINOFF GLOAXOSMITH) 1,936 1,646
HANNON ARMSTRONG SUS INFRA CAP    
HAWAIIAN ELECTRIC INC 35,489 28,380
HERSHEY COMPANY 21,269 74,576
HOLOGIC INC 11,356 28,580
HOME DEPOT INC 3,878 4,159
HORMEL FOODS CORPORATION 10,221 35,321
HUNTINGTON BANCSHARES 11,137 11,448
INTEL CORP 9,825 20,100
INTEL CORP 11,543 10,050
INTEL CORP 2,128 2,322
INTERNATIONAL FLAVORS&FRAGRANCES    
IQVIA HOLDINGS INC 2,886 2,545
ISHARES CORE S&P 500 ETF 42,520 47,763
ISHARES RUSSELL 2000 ETF 86,065 80,284
ISHARES S&P 500 GROWTH ETF 20,029 104,840
ISHARES S&P 500 VALUE ETF 23,160 67,295
ISHARES S&P MID-CAP 400 G ETF 10,488 51,335
ISHARES S&P MID-CAP 400 V ETF 11,963 44,248
ISHARES S&P SMALL-CAP 600 V ETF 8,421 29,272
ISHARES SMALL-CAP 600 G ETF 7,502 36,541
JOHNSON CTLS INTL PLC 2,130 5,476
JB HUNT TRANS SERV 3,352 3,740
JP MORGAN CHASE & CO 19,806 119,070
KENVUE INC 4,654 4,306
KEYCORP NEW    
KIMBERLY CLARK CORP 12,507 24,302
KINDER MORGAN INC 149,695 68,020
KRAFT HEINZ CO 17,055 11,094
LIBERTY ALL-STAR EQUITY FUND 31,797 28,161
LINCOLN NATIONAL CORP IND 47,022 26,970
LINCOLN NTL CORP IND 10,922 5,394
LINDE PLC 2,201 2,875
LPL FINL HLDGS INC COM 2,094 3,187
LULULEMON ATHLETICA INC 2,958 4,159
LYONDELLBASELL NV CL-A 15,329 14,262
MASTERCARD INC CL A 4,835 5,865
MCCORMICK AND CO NON VOTING 2,336 1,847
MEDTRONIC PLC 7,259 7,826
MEDTRONIC PLC 27,994 24,714
MEDTRONIC PLC SHS    
MERCK & CO INC NEW 60,501 129,843
MERCK & CO INC NEW COM 4,522 5,887
MICROSOFT CORP 9,101 112,812
MICROSOFT CORP 16,296 19,932
MICROSOFT CORP 30,108 36,067
MONDELEZ INTL INC COM 15,254 17,021
MONDELEZ INTL INC COM    
NETFLIX INC 2,161 2,216
NIKE INC B 2,855 1,954
NOVARTIS AG ADR 22,510 50,485
NOVO NORDISK A/S ADR 1,481 3,197
NVIDIA CORPORATION 6,085 8,995
NXP SEMICONDUCTORS NV 3,775 4,140
ONE GAS INC 698 4,779
ONEOK INC NEW 1,313 21,066
ORGANON & CO 2,257 1,442
ORGANON & CO 14,007 6,056
OSHKOSH CORP 11,245 10,407
PALO ALTO NETWORKS INC 2,938 5,603
PARAMOUNT GLOBAL 6,091 5,014
PEPSICO INC 5,561 16,984
PIMCO ALL ASSET 12 19,631 18,098
PNC FINL SVCS GP 2,658 2,168
PROCTER & GAMBLE 3,143 3,077
PROGRESSIVE CORP OHIO 2,721 3,310
PROLOGIS INC COM 2,337 2,266
QUANTA SERVICES INC 1,882 2,237
RAYTHEON TECHNOLOGIES    
RAYTHEON TECHNOLOGIES    
REALTY INCOME CORP 14,680 11,771
REALTY INCOME CORP 27,859 22,968
REAVES UTILITY INC TR 17,014 12,033
ROCKWELL AUTOMATION INC 1,877 1,807
ROYCE VALUE TRUST 19,222 16,496
RTX CORPORATION 20,298 16,828
RTX CORPORATION 15,254 14,724
SANDOZ GROUP AG ADR 1,242 3,215
SERVICENOW INC 3,020 4,365
SPDR BLACKSTONE SENIOR LOAN 34,436 32,496
SPDR S&P DIV 42,323 40,615
SPDR S&P MIDCAP 400 ETF 47,570 46,145
STARBUCKS CORP WASHINGTON 1,153 1,175
STRYKER CORP 3,005 3,199
SVB FNCL GRP    
SYNCHRONY FINANCIAL 15,288 11,457
SYSCO CORP 3,006 2,779
TAIWAN SEMICONDUCTOR MFG CO 10,365 94,432
TARGET CORPORATION 4,386 3,086
TE CONNECTIVITY LTD NEW 3,226 14,050
TEXAS INSTRUMENTS    
THERMO FISHER SCIENTIFIC 3,669 3,185
TJX COS INC NEW 4,410 5,722
TRACTOR SUPPLY CO 2,144 2,365
TRANE TECHNOLOGIES PLC 3,135 3,872
TRAVELERS COMPANIES INC COM 3,516 4,191
UNILEVER PLC 21,941 19,392
UNILEVER PLC 3,372 3,054
UNITED HEALTH GROUP INC 10,110 105,294
UNITED HEALTH GP INC 5,152 5,493
UNITED PARCEL SER INC CL B 3,347 2,673
US BANCORP COM NEW 14,945 21,640
VERIZON COMMUNICATIONS 30,028 22,620
VERIZON COMMUNICATIONS 3,477 2,413
VERIZON COMMUNICATIONS 26,957 25,447
VERISK ANALYTICS INC COM 2,221 2,433
VISA INC CL A 2,667 3,124
VODAFONE GROUP PLC 23,922 6,090
WALMART INC 14,213 15,765
WALT DISNEY CO HLDGS 14,394 9,029
WALT DISNEY CO HLDG CO    
WARNER BROS DISCOVERY INC 7,642 2,196
WASTE MGMT INC 2,945 3,403
WEST PHARMACEUTICAL SVCS INC 1,802 1,899
WEYERHAEUSER CO 14,701 13,908
XCEL ENERGY INC 22,495 61,910

TY 2023 InvestmentsOtherSchedule2
Name:
ARLIN FALCK FOUNDATION
EIN:
41-1925877
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
JACKSON NATIONAL LIFE RATEPROTECTOR AT COST    

TY 2023 OtherExpensesSchedule
Name:
ARLIN FALCK FOUNDATION
EIN:
41-1925877
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
INSURANCE 683     683
OFFICE EXPENSE 3,363     3,363
MINNESOTA FILING FEE 25     25


TY 2023 OtherIncomeSchedule2
Name:
ARLIN FALCK FOUNDATION
EIN:
41-1925877
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
JACKSON NATL LIFE INS ANNUITY 6,311 6,311  


TY 2023 OtherIncreasesSchedule
Name:
ARLIN FALCK FOUNDATION
EIN:
41-1925877
Description Amount
UNREALIZED G/L - BASIS ADJUSTMENTS 2,240


TY 2023 OtherProfessionalFeesSchedule
Name:
ARLIN FALCK FOUNDATION
EIN:
41-1925877
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MORGAN STANLEY ADVISE/INVEST FEE 8,533 8,533    
OTHER INVESTMENT FEES 59 59    


TY 2023 TaxesSchedule
Name:
ARLIN FALCK FOUNDATION
EIN:
41-1925877
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 4,870 1,104   3,766
ESTIMATED TAX ON NII 291      
FOREIGN TAX 1,160 1,160