Skip to content
Nonprofiteer
← HILLS BANK DONOR ADVISED GIFT FUND

Form 990 for tax year 2023

Filed by HILLS BANK DONOR ADVISED GIFT FUND.

Totals

Total revenue
$8,815,616
Total expenses
$6,612,980
Contributions and grants received
$7,716,355
Grants paid
$6,493,561
Program service revenue
$0
Investment income
$1,099,261
Other revenue
$0
Total assets, end of year
$20,382,535
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$20,382,535
Program services expenses (Part IX)
$6,493,561
Management and general expenses
$119,419
Fundraising expenses
$0
Program service expenses (Part III)
$6,493,561

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $7,716,355

  • 1g · Noncash contributions included above

    $1,234,537

  • 3 · Investment income

    total $589,176 · excluded $589,176

  • 7a · Gross sales of assets other than inventory

    securities $3,192,093 · other assets $813,135

  • 7b · Less cost or other basis and sales expenses

    securities $2,770,265 · other assets $724,878

  • 7c · Gain or loss

    securities $421,828 · other assets $88,257

  • 7d · Net gain or loss

    total $510,085 · excluded $510,085

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,493,561 · program services $6,493,561

  • 24a · Other expenses: Custodial and recordkee

    total $119,419 · management and general $119,419

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,633 · end of year $110,408

  • 2 · Savings and temporary cash investments

    beginning of year $7,675,534 · end of year $10,435,464

  • 10c · Land, buildings and equipment, net

    beginning of year $691,200

  • 11 · Investments: publicly traded securities

    beginning of year $9,617,132 · end of year $9,836,663

  • 12 · Investments: other securities

    beginning of year $86,400

  • 28 · Net assets with donor restrictions

    beginning of year $18,179,899 · end of year $20,382,535

Mission and programs · 2023

Mission

Making cash grants to other organizations exempt under Section 501(c)(3) of the Internal Revenue Code and which are not private foundations under Section 509 of the Internal Revenue Code.

  • The Hills Bank Donor Advised Gift Fund made cash grants to more than 400 separate charitable organizations to provide for their general support. All grants made by the Hills Bank Donor Advised Gift Fund were made to organizations which are tax exempt organizations under Section 501(c)(3) of the Internal Revenue Code and which are not private foundations under Section 509 of the Internal Revenue Code. All grants are made in the form of cash. A significant portion of the grants are listed in detail in Schedule I of this Return.

    Expenses $6,493,561 · Grants $6,493,561

As filed on the 2023 return.

Listed in Part VII

  • Lisa Shileny

    President of Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Ritchie

    Sr. V.P., Trust Officer of

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
27 September 2024
IRS schema version
2023v5.1
Source object
202422719349300927

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.