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← HILLS BANK DONOR ADVISED GIFT FUND

Form 990 for tax year 2022

Filed by HILLS BANK DONOR ADVISED GIFT FUND.

Totals

Total revenue
$8,174,853
Total expenses
$3,359,560
Contributions and grants received
$7,954,655
Grants paid
$3,249,342
Program service revenue
$0
Investment income
$220,115
Other revenue
$83
Total assets, end of year
$18,179,899
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$18,179,899
Program services expenses (Part IX)
$3,249,342
Management and general expenses
$110,218
Fundraising expenses
$0
Program service expenses (Part III)
$3,249,342

Program services were 96.7% 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

    $7,954,655

  • 1g · Noncash contributions included above

    $2,154,834

  • 3 · Investment income

    total $277,441 · excluded $277,441

  • 7a · Gross sales of assets other than inventory

    securities $2,883,550

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

    securities $2,940,876

  • 7c · Gain or loss

    securities -$57,326

  • 7d · Net gain or loss

    total -$57,326 · related or exempt -$57,326

  • 11a · Other revenue: Class action litigation receipt

    total $83 · excluded $83

  • 11e · Other revenue, total

    $83

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,249,342 · program services $3,249,342

  • 24a · Other expenses: Custodial and recordkee

    total $110,218 · management and general $110,218

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,024 · end of year $109,633

  • 2 · Savings and temporary cash investments

    beginning of year $5,210,908 · end of year $7,675,534

  • 10a · Land, buildings and equipment: cost or other basis

    $691,200

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $691,200

  • 11 · Investments: publicly traded securities

    beginning of year $8,127,674 · end of year $9,617,132

  • 12 · Investments: other securities

    end of year $86,400

  • 28 · Net assets with donor restrictions

    beginning of year $13,364,606 · end of year $18,179,899

Mission and programs · 2022

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 300 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 $3,249,342 · Grants $3,249,342

As filed on the 2022 return.

Listed in Part VII

  • Lisa Sheleny

    President of Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Ritchie

    Sr. V.P., Trust Officer of Trustee

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
6 July 2023
IRS schema version
2022v5.0
Source object
202322019349300712

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