2024-08-15T22:33:40-05:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 882344940 Granite Partners Foundation of Minnesota Inc % Foundation Source GRAN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 richard l bauerly president 8008391754 2024-08-12 true true Jeffrey D Haskell P01345770 8008391754 2023 2024-08-08 14:25:15Z X 1287577 X 1731925 722 722 -3225 0 27029 27029 1756451 27751 0 600 14233 691 13542 14833 691 13542 570300 570300 585133 691 583842 1171318 27060 8666 178058 178058 1001926 1109519 8666 1179984 1287577 0 0 X 8666 1179984 8666 1179984 8666 1179984 8666 1171318 1179984 1179984 Passthrough K1 Capital Gain/(Loss) -3225 -3225 376 376 376 600 0 600 224 224 false false false false false false true true true DE true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false false false Richard L Bauerly Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 1.0 0 0 0 MICHELLE B KOPEL Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec, Treas 1.0 0 0 0 Gregory A Schumacher Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 0 101231 747785 849016 0 849016 12735 836281 41814 41814 376 376 41438 41438 41438 583842 0 0 0 0 583842 41438 2021 2020 2019 6254 6254 583842 41438 542404 548658 0 548658 6254 542404 NONE X AAUW OF MINNESOTA INC 626 GATES LN SW ROCHESTER MN 55902 N/A PC Charitable Event 1000 ACTIVE CENTRAL MN PO BOX 458 WAITE PARK MN 56387 N/A PC General & Unrestricted 40000 AIM HIGHER FOUNDATION 2610 UNIVERSITY AVE W STE 525 SAINT PAUL MN 55114 N/A PC General & Unrestricted 1000 AIM HIGHER FOUNDATION 2610 UNIVERSITY AVE W STE 525 SAINT PAUL MN 55114 N/A PC Charitable Event 2000 AMERICAN CANCER SOCIETY INC PO BOX 21600 EAGAN MN 55121 N/A PC General & Unrestricted 1000 AMERICAN DIABETES ASSOCIATION INC PO BOX 7023 MERRIFIELD VA 22116 N/A PC Charitable Event 1000 AMHERST H WILDER FOUNDATION 451 LEXINGTON PKWY N ST PAUL MN 55104 N/A PC Minnesota Compass Fund 5000 ANNA MARIES ALLIANCE PO BOX 367 SAINT CLOUD MN 56302 N/A PC Charitable Event 1000 BENILDE ST MARGARETS HIGH SCHOOL 2501 HWY 100 S ST LOUIS PARK MN 55416 N/A PC General & Unrestricted 1000 BIG BROTHERS-BIG SISTERS OF CENTRAL MINNESOTA INC 203 COOPER AVE NORTH SUITE 162 ST CLOUD MN 56303 N/A PC Charitable Event 5000 BIG BROTHERS-BIG SISTERS OF CENTRAL MINNESOTA INC 203 COOPER AVE NORTH SUITE 162 ST CLOUD MN 56303 N/A PC BIG Partners 30000 BIG BROTHERS-BIG SISTERS OF CENTRAL MINNESOTA INC 203 COOPER AVE NORTH SUITE 162 ST CLOUD MN 56303 N/A PC BIG Partners 30000 BOY SCOUTS OF AMERICA 1191 SCOUT DR SARTELL MN 56377 N/A PC Charitable Event 2500 BOYS & GIRLS CLUBS OF CENTRAL MINNESOTA 345 30TH AVE N SAINT CLOUD MN 56303 N/A PC Charitable Event 1500 CATHEDRAL HIGH SCHOOL 312 7TH AVE N SAINT CLOUD MN 56303 N/A PC General & Unrestricted 2500 CATHEDRAL HIGH SCHOOL 312 7TH AVE N SAINT CLOUD MN 56303 N/A PC Charitable Event 5000 CENTRACARE HEALTH FOUNDATION 1406 6TH AVE N SAINT CLOUD MN 56303 N/A PC General & Unrestricted 2000 CENTRACARE HEALTH FOUNDATION 1406 6TH AVE N SAINT CLOUD MN 56303 N/A PC Charitable Event 3500 COLLEGE OF ST BENEDICT BUSINESS OFF 37 COLLEGE AVE S SAINT JOSEPH MN 56374 N/A PC The Krtnick Complin Family Annual Scholarship fund 1000 COLLEGE OF ST BENEDICT BUSINESS OFF 37 COLLEGE AVE S SAINT JOSEPH MN 56374 N/A PC Charitable Event 2500 COLLEGE OF ST BENEDICT BUSINESS OFF 37 COLLEGE AVE S SAINT JOSEPH MN 56374 N/A PC General & Unrestricted 1000 COMMUNITYGIVING 101 7TH AVE S STE 100 SAINT CLOUD MN 56301 N/A PC Good Samaritan Fund 500 COMMUNITYGIVING 101 7TH AVE S STE 100 SAINT CLOUD MN 56301 N/A PC Women's Fund Dancing with our Stars 10000 COMMUNITYGIVING 101 7TH AVE S STE 100 SAINT CLOUD MN 56301 N/A PC Charitable Event 1000 COMMUNITYGIVING 101 7TH AVE S STE 100 SAINT CLOUD MN 56301 N/A PC General & Unrestricted 2500 COMMUNITYGIVING 101 7TH AVE S STE 100 SAINT CLOUD MN 56301 N/A PC Charitable Event 5000 COMMUNITYGIVING 101 7TH AVE S STE 100 SAINT CLOUD MN 56301 N/A PC Central MN Manufacturing Association Foundation 2000 COMMUNITYGIVING 101 7TH AVE S STE 100 SAINT CLOUD MN 56301 N/A PC Julie Hanson Scholarship Fund 1000 COMMUNITYGIVING 101 7TH AVE S STE 100 SAINT CLOUD MN 56301 N/A PC Charitable Event 2000 ERICKSON MERKEL FOUNDATION 65 RICE CREEK WAY NE FRIDLEY MN 55432 N/A PC General & Unrestricted 1000 GOOD GROCER 2644 NICOLLET AVE MINNEAPOLIS MN 55408 N/A PC General & Unrestricted 100 GREAT RIVER EDUCATIONAL ARTS THEATRE 710 SUNDIAL DR WAITE PARK MN 56387 N/A PC General & Unrestricted 6000 GREAT RIVER GREENING 251 STARKEY ST STE 2200 SAINT PAUL MN 55107 N/A PC General & Unrestricted 2000 GREATER ST CLOUD DEVELOPMENT CORPORATION 501 W SAINT GERMAIN ST SAINT CLOUD MN 56301 N/A PC Charitable Event 10000 GREATER ST CLOUD DEVELOPMENT CORPORATION 501 W SAINT GERMAIN ST SAINT CLOUD MN 56301 N/A PC Charitable Event 10000 GREATER ST CLOUD DEVELOPMENT CORPORATION 501 W SAINT GERMAIN ST SAINT CLOUD MN 56301 N/A PC General & Unrestricted 50000 GREATER ST CLOUD PUBLIC SAFETY FOUNDATION 101 11TH AVE NORTH ST CLOUD MN 56303 N/A PC General & Unrestricted 4000 HER NEXT PLAY 3617 46TH AVE S MINNEAPOLIS MN 55406 N/A PC General & Unrestricted 1000 INITIATIVE FOUNDATION 405 1ST ST SE LITTLE FALLS MN 56345 N/A PC Initiators Program 30000 INITIATIVE FOUNDATION 405 1ST ST SE LITTLE FALLS MN 56345 N/A PC Initiators Program 90000 INITIATIVE FOUNDATION 405 1ST ST SE LITTLE FALLS MN 56345 N/A PC General & Unrestricted 10000 ISLAMIC CENTER OF ST CLOUD 712 17TH AVE S SAINT CLOUD MN 56301 N/A PC General & Unrestricted 200 JOSIAH VENTURE NFP PO BOX 4317 WHEATON IL 60189 N/A PC General & Unrestricted 1000 JUGAAD LEADERSHIP PROGRAM 22 WILSON AVE NE STE 209 SAINT CLOUD MN 56304 N/A PC General & Unrestricted 5000 JUNIOR ACHIEVEMENT USA PO BOX 120478 SAINT PAUL MN 55112 N/A PC JA for St. Cloud and Morrison County 500 LAURA BAKER SCHOOL ASSOCIATION 211 OAK ST NORTHFIELD MN 55057 N/A PC General & Unrestricted 1000 LIFE FOR RELIEF AND DEVELOPMENT INC 17300 W 10 MILE RD SOUTHFIELD MI 48075 N/A PC Afghanistan Earthquake Relief 250 MIKE SILVA EVANGELISM INC 1500 NW 167TH PL BEAVERTON OR 97006 N/A PC Charitable Event 10000 MINNESOTA CHAMBER FOUNDATION 380 SAINT PETER ST STE 1050 SAINT PAUL MN 55102 N/A PC Leaders Lab 2500 MINNESOTA CHAMBER FOUNDATION 380 SAINT PETER ST STE 1050 SAINT PAUL MN 55102 N/A PC Leadership MN Sponsorship fund 2500 MINNESOTA DEPARTMENT OF HUMAN SERVICES 540 CEDAR ST SAINT PAUL MN 55101 N/A GOV Charitable Event 1000 NORTHLAND FOUNDATION 202 W SUPERIOR ST 800 SELLWOOD DULUTH MN 55802 N/A PC General & Unrestricted 2500 NOTRE DAME ACADEMY 13505 EXCELSIOR BLVD MINNETONKA MN 55345 N/A PC General & Unrestricted 1000 PAN-MASSACHUSETTS CHALLENGE INC 77 4TH AVENUE NEEDHAM MA 02494 N/A PC General & Unrestricted 1000 PARAMOUNT CENTER FOR THE ARTS 913 W SAINT GERMAIN ST SAINT CLOUD MN 56301 N/A PC General & Unrestricted 2500 PARAMOUNT CENTER FOR THE ARTS 913 W SAINT GERMAIN ST SAINT CLOUD MN 56301 N/A PC Charitable Event 2500 PCD KS FOUNDATION 61 LAKE MEADOW DR ROCHESTER NY 14612 N/A PC Clear the Way Annual Campaign 10000 PRAIRIE WOODS ENVIRONMENTAL LEARNING CENTER 12718 10TH ST NE SPICER MN 56288 N/A PC General & Unrestricted 500 PROMISE NEIGHBORHOOD OF CENTRAL MINNESOTA PO BOX 6082 SAINT CLOUD MN 56302 N/A PC General & Unrestricted 1000 PROP SHOP OF EDEN PRAIRIE 15195 MARTIN DR EDEN PRAIRIE MN 55344 N/A PC General & Unrestricted 1000 QUIET OAKS 5537 GALAXY RD SAINT CLOUD MN 56301 N/A PC General & Unrestricted 1000 ROCORI SENIOR HIGH 534 5TH AVE N COLD SPRING MN 56320 N/A GOV VEX Rocori Robotics Club - Worlds Vex 500 SAINT JOHNS UNIVERSITY PO BOX 7222 COLLEGEVILLE MN 56321 N/A PC General & Unrestricted 1000 SARTELL SENIOR HIGH 3101 PINECONE ROAD N SARTELL MN 56377 N/A GOV Sartell HS Robotics - World Championship 2000 SARTELL-ST STEPHEN EDUCATIONAL FOUNDATION PO BOX 258 SARTELL MN 56377 N/A PC General & Unrestricted 250 SOUTHERN MINNESOTA INITIATIVE FOUNDATION 525 FLORENCE AVE OWATONNA MN 55060 N/A PC General & Unrestricted 2500 SOUTHERN MINNESOTA INITIATIVE FOUNDATION 525 FLORENCE AVE OWATONNA MN 55060 N/A PC Charitable Event 1000 SOUTHWEST INITIATIVE FOUNDATION 15 3RD AVE NW HUTCHINSON MN 55350 N/A PC General & Unrestricted 2500 ST CLOUD AREA FAMILY YMCA 2001 STOCKINGER DR SAINT CLOUD MN 56303 N/A PC Capital Campaign 5000 ST CLOUD AREA FAMILY YMCA 2001 STOCKINGER DR SAINT CLOUD MN 56303 N/A PC Charitable Event 1500 ST CLOUD AREA FAMILY YMCA 2001 STOCKINGER DR SAINT CLOUD MN 56303 N/A PC Annual Campaign 500 ST CLOUD AREA FAMILY YMCA 2001 STOCKINGER DR SAINT CLOUD MN 56303 N/A PC General & Unrestricted 1500 ST CLOUD AREA FAMILY YMCA 2001 STOCKINGER DR SAINT CLOUD MN 56303 N/A PC Waterpark fund 250 ST CLOUD AREA YOUTH BASKETBALL ASSOCIATION PO BOX 434 SAINT CLOUD MN 56302 N/A PC General & Unrestricted 650 ST CLOUD STATE UNIVERSITY FOUNDATION INC 720 4TH AVE S SAINT CLOUD MN 56301 N/A PC Charitable Event 5000 ST CLOUD STATE UNIVERSITY FOUNDATION INC 720 4TH AVE S SAINT CLOUD MN 56301 N/A PC Presidents Club 3000 ST CLOUD STATE UNIVERSITY FOUNDATION INC 720 4TH AVE S SAINT CLOUD MN 56301 N/A PC Charitable Event 1000 ST CLOUD TECH CROSS COUNTRY BOOSTER CLUB 6836 43RD AVE SE SAINT CLOUD MN 56304 N/A PC Tiger Prowl 1 Mile + 5k Event 100 ST CLOUD TECHNICAL AND COMMUNITY COLLEGE FOUNDATIO 1540 NORTHWAY DR SAINT CLOUD MN 56303 N/A PC General & Unrestricted 3000 ST CLOUD TECHNICAL AND COMMUNITY COLLEGE FOUNDATIO 1540 NORTHWAY DR SAINT CLOUD MN 56303 N/A PC VEX Robotics 15000 ST CLOUD TECHNICAL AND COMMUNITY COLLEGE FOUNDATIO 1540 NORTHWAY DR SAINT CLOUD MN 56303 N/A PC Charitable Event 1000 ST FRANCIS XAVIER PARISH PO BOX 150 SARTELL MN 56377 N/A PC Charitable Event 500 TEE IT UP FOR THE TROOPS INC 515 W TRAVELERS TRL BURNSVILLE MN 55337 N/A PC General & Unrestricted 3000 TEREBINTH REFUGE 110 2ND ST S STE 231 WAITE PARK MN 56387 N/A PC General & Unrestricted 1000 THE NORTHWEST MINNESOTA FOUNDATION 201 3RD ST NW BEMIDJI MN 56601 N/A PC General & Unrestricted 2500 THE NORTHWEST MINNESOTA FOUNDATION 201 3RD ST NW BEMIDJI MN 56601 N/A PC Emerging Leadership Program 500 THE SALVATION ARMY 400 US HWY 10 S ST CLOUD MN 56304 N/A PC General & Unrestricted 1000 UNITED WAY OF CENTRAL MINNESOTA 921 1ST ST N STE 200 SAINT CLOUD MN 56303 N/A PC Charitable Event 1000 UNITED WAY OF CENTRAL MINNESOTA 921 1ST ST N STE 200 SAINT CLOUD MN 56303 N/A PC General & Unrestricted 14000 UNITED WAY OF CENTRAL MINNESOTA 921 1ST ST N STE 200 SAINT CLOUD MN 56303 N/A PC Charitable Event 2500 UNITED WAY OF CENTRAL MINNESOTA 921 1ST ST N STE 200 SAINT CLOUD MN 56303 N/A PC Charitable Event 1000 UNITED WAY OF CENTRAL MINNESOTA 921 1ST ST N STE 200 SAINT CLOUD MN 56303 N/A PC Corporate Fund 61000 UNITED WAY OF CENTRAL MINNESOTA 921 1ST ST N STE 200 SAINT CLOUD MN 56303 N/A PC Partners for Student Success 1000 UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK ST SE STE 500 MINNEAPOLIS MN 55455 N/A PC Charitable Event 1000 WEST CENTRAL INITIATIVE PO BOX 318 FERGUS FALLS MN 56538 N/A PC General & Unrestricted 2500 WIRTH CENTER FOR THE PERFORMING ARTS 823 1ST ST S SAINT CLOUD MN 56301 N/A PC General & Unrestricted 1000 YES NETWORK PO BOX 1042 SAINT CLOUD MN 56302 N/A PC General & Unrestricted 500 YOUTH CHORALE OF CENTRAL MINNESOTA 913 W SAINT GERMAIN ST SAINT CLOUD MN 56301 N/A PC General & Unrestricted 2500 YOUTH FOR CHRIST USA INC 203 COOPER AVE N SAINT CLOUD MN 56303 N/A PC General & Unrestricted 1000 YOUTH FRONTIERS INC 5215 EDINA INDUSTRIAL BLVD STE 400 MINNEAPOLIS MN 55439 N/A PC Charitable Event 1000 570300 14 722 18 -3225 K-1 Inc/Loss 14 27029 24526 24526 false false false false false false false false false false X X 1 GEOTEK 1421 Second Ave NW Stewartville MN 55976 5000 X 2 Granite Equity Partners LLC C/O RYAN 122 12TH AVE N STE 201 St Cloud MN 56303 1726925 X X 2 GRANITE EQUITY, LLC GRANEQGPFM, 305 sh. 1001925 2023-04-30 GRANITE EQUITY, LLC 1001926 1109519 As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $570,300. This amount represents 25% or more of the Foundation's net assets of $8,666 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 13517 13517 K-1 Exp GRANITE EQUITY, LLC 691 691 State or Local Filing Fees 25 25 K-1 Inc/Loss GRANITE EQUITY, LLC 27029 27029 990-PF Estimated Tax for 2023 600