2024-08-15T07:36:26-05:00 2023-09-30 341873282 CBIZ MHM LLC 222 SOUTH 9TH STREET SUITE 1000 MINNEAPOLIS MN 55402 990EZ 2023-01-25 416038549 NORTHEAST KIWANIS FOUNDATION OF MINNEAPOLIS MINNESOTA NORT 4148397514 4616 COLFAX AVENUE SOUTH 101 MINNEAPOLIS MN 554195314 MARION SODNIK SECRETARY-TREASURER 4148397514 2024-08-13 1 0 BRUCE THIEL P00526510 6123397811 2024-08-13 2023 2024-08-08 14:25:15Z X MODIFIED CASH X N/A X X 27988 X 100 6885 21003 31623 -10620 -3635 17618 243 17861 -21496 0 451589 430093 X 0 19639 0 424378 0 444017 0 13924 0 430093 X THE PURPOSE OF THE FOUNDATION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, AND TO PROVIDE SUPPORT FOR, AND ADVANCE THE CHARITABLE PURPOSES OF KIWANIS CLUB OF NORTHEAST MINNEAPOLIS. THE FOUNDATION OPERATES A SCHOLARSHIP PROGRAM FOR THE BENEFIT OF ITS SUPPORTED ORGANIZATION, THE KIWANIS CLUB OF NORTHEAST MINNEAPOLIS, AND THE COMMUNITY SERVED BY THE SUPPORTED ORGANIZATION. SCHOLARSHIPS ARE OFFERED TO INDIVIDUALS THAT ARE SENIORS IN HIGH SCHOOL IN THE ZIP CODES SERVED BY THE SUPPORTED ORGANIZATION. APPLICATIONS ARE SOLICITED WITHIN THE NORTHEAST MINNEAPOLIS COMMUNITY AND ARE EVALUATED BASED ON FINANCIAL NEED, SCHOLARSHIP, CHARITABLE VOLUNTEERISM AND COMMUNITY INVOLVEMENT. APPROXIMATELY 50 PERCENT OF THE ORGANIZATION'S ANNUAL BUDGET IS DEDICATED TO THIS PROGRAM. ALL OF THE ORGANIZATION'S ACTIVITIES ARE CONDUCTED BY VOLUNTEERS. THE FOUNDATION'S TIME DURING THIS SHORT PERIOD WAS SPENT ON RE-ESTABLISHING THE FOUNDATION'S EXEMPT STATUS. PROGRAM EXPENSES SUCH AS SCHOLARSHIPS AND SUPPORT TO THE KIWANIS CLUB OF NORTHEAST MINNEAPOLIS DURING THE FISCAL YEAR OCCURRED OUTSIDE OF THE JANUARY 25, 2023-SEPTEMBER 30, 2023 SHORT PERIOD COVERED BY THIS RETURN. 0 0 THE FOUNDATION PROVIDES SUPPORT TO ITS SUPPORTED ORGANIZATION, THE KIWANIS CLUB OF NORTHEAST MINNEAPOLIS TO ASSIST THE CLUB TO CARRY OUT ITS PHILANTHROPY PROGRAMMING SUCH AS FOOD FOR THOSE IN NEED, MEALS ON WHEELS, SUPPORT FOR NONPROFITS SUCH AS FUNDING TO THE NE TITANS, SALVATION ARMY BELLRINGING, HOLIDAY PARTIES FOR DISADVANTAGED CHILDREN. 0 0 0 WILLIAM FREDRICK BOARD MEMBER 1.00 0 0 0 ALAN SWENSON BOARD MEMBER 1.00 0 0 0 JAMES HIGGINS JR BOARD MEMBER 1.00 0 0 0 MARK NELSON BOARD MEMBER 1.00 0 0 0 WALTER SENTYRZ BOARD MEMBER 1.00 0 0 0 STEVE OLSON PRESIDENT 4.00 0 0 0 MARION SODNIK SECRETARY-TREASURER 8.00 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MN MARION SODNIK 4616 COLFAX AVENUE SOUTH MINNEAPOLIS MN 55419 4148397514 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X X X 1 KIWANIS CLUB OF NORTHEAST MINNEAPOLIS 921482385 10 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCH. A, PART IV, LINE 3B THE FOUNDATION'S SUPPORTED 501(C)(4) ORGANIZATION IS COVERED BY A GROUP RULING AND THAT WAS CONFIRMED BY THE GROUP RULING HOLDER. THE FOUNDATION'S LEGAL COUNSEL REVIEWED THE SUPPORTED ORGANIZATION'S SOURCES OF REVENUE AND DETERMINED THAT THE SUPPORTED ORGANIZATION MEETS THE 509(A)(2) TEST. SCH. A, PART IV, LINE 3C THE SUPPORTED ORGANIZATION KEEPS QUALIFYING EXPENDITURES SEGREGATED. THE ACCOUNT PRESENTATION ENSURES SOCIAL AND CHARITABLE EXPENDITURES ARE SEPARATELY STATED AND EASILY IDENTIFIED. THE QUALIFYING EXPENSES ARE ASSOCIATED WITH THE CHILDREN'S PROGRAMMING INCLUDING SALVATION ARMY, HOLIDAY PARTIES FOR DISADVANTAGED CHILDREN, MEAL PROGRAMS, ETC. ALSO, MEMBERS OF THE BOARD ARE ALSO MEMBERS OF THE SUPPORTED ORGANIZATION AND CAN ASSIST WITH SUPERVISING THE USES OF ANY GRANTED FUNDS; ALSO THEY HAVE ASKED THEIR LEGAL COUNSEL TO PUT TOGETHER A MEMO EXPLAINING HOW THE SUPPORTED ORGANIZATION CAN AND CANNOT USE THE FUNDS. SCH. A, PART IV, LINE 2 THE CLUB DOES NOT HAVE IT'S OWN DETERMINATION LETTER; BUT IS COVERED BY THE GROUP RULING (NUMBER 026) HELD BY KIWANIS INTERNATIONAL INC. EIN 36-1327510. FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME DESCRIPTION: DIVIDEND AND INTEREST INCOME. AMOUNT: 6,885. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: OFFICE EXPENSES. AMOUNT: 243. FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS DESCRIPTION: UNREALIZED GAIN/LOSS ON INVESTMENTS. AMOUNT: 29,718. DESCRIPTION: NET ASSETS BALANCE AS OF BEGINNING EXEMPTION DATE OF JANUARY 25, 2023. AMOUNT: 421,871. TOTAL TO FORM 990-EZ, LINE 20: 451,589. FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: INVESTMENTS IN MARKETABLE SECURITIES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 424,378. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: DUE TO NORTHEAST KIWANIS CLUB OF MINNEAPOLIS MINNESOTA. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 13,924. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.