2024-05-29T16:01:12-05:00 2023-12-31 346565596 ERNST & YOUNG US LLP 99 WOOD AVE SOUTH ISELIN NJ 08830 990 2023-01-01 426259353 DEGENHART FAMILY TRUST CO HILLS BANK & TRUST DEGE 3193381522 590 WEST FOREVERGREEN ROAD NORTH LIBERTY IA 52317 JULIE BURTON TRUST OFFICER 3193381522 2024-05-09 true false EILEEN SZENTJOBI P00665127 7327679100 2024-05-09 2023 2023-04-26 12:10:37Z HILLS BANK & TRUST 590 W FOREVERGREEN RD NORTH LIBERTY IA 52317 2348838 false X NONE X 1958 IA PROVIDE SUPPORT FOR ST. JOSEPH'S CHURCH & CEMETERY 0 0 0 0 0 0 0 240849 333118 0 240849 333118 185567 186501 0 38150 40572 0 0 12436 5910 236153 232983 4696 100135 4303148 4403782 0 0 4303148 4403782 PROVIDE SUPPORT FOR ST. JOSEPH'S CHURCH & CEMETERY false false 50 50 PAYMENT TO FATHER HAI DINH FOR SAYING MASSES 200 200 PAYMENT TO ST. STANISLAUS CEMETERY, HILLS, IA FOR CARE AND MAINTENANCE 186251 186251 DONATION TO ST. JOSEPH'S CHURCH 186501 true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false false X 0 0 false false false false false false false false false false false true false false false false false false X Hills Bank and Trust Company 3193381522 590 W Forevergreen Rd North Liberty IA 52317 HILLS BANK & TRUST COMPANY TRUSTEE 5.0 X 40572 0 0 40572 0 0 false false false 229867 229867 2118971 2015720 103251 103251 103251 333118 333118 186451 186451 50 50 40572 40572 1960 1960 2315 2315 1635 1635 232983 186501 46482 0 139813 292893 4153113 4100667 10222 10222 4303148 4403782 0 0 X 4303148 4403782 4303148 4403782 4303148 4403782 X 100135 499 X false false false X X 1 St Joseph's Church & Cemetery Hills IA 420991736 1 true 186501 0 1 186501 0 true false false false false false false false false false false true false false false false true false true X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE A, PART IV, SECTION D, LINE 2 THE DEGENHART TRUST PROVIDES REGULAR QUARTERLY STATEMENTS OF ACCOUNT TO ST. JOSEPH'S CATHOLIC CHURCH, WHICH STATEMENTS PROVIDE UPDATED ASSET POSITIONS AND VALUES, DETAILED LISTINGS OF ALL TRANSACTIONS AND A SUMMARY SHOWING OVERALL MARKET VALUE OF THE TRUST AND ITS ASSET ALLOCATION. THE TRUSTEE ALSO FILES A CALENDAR YEAR REPORT WITH THE IOWA DISTRICT COURT IN AND FOR JOHNSON COUNTY EACH YEAR. SCHEDULE A, PART IV, SECTION D, LINE 2 CONT THIS REPORT IS ALSO PROVIDED TO ST. JOSEPH'S CATHOLIC CHURCH. SCHEDULE A, PART IV, SECTION D, LINE 3 REPRESENTATIVES OF THE TRUSTEE MEET WITH THE FINANCE COUNCIL AND OTHER REPRESENTATIVES OF ST. JOSEPH'S CHURCH AT LEAST ONCE EACH YEAR TO REVIEW THE TRUST ACCOUNT AND THE ASSETS HELD BY THE TRUST, AS WELL AS TO DISCUSS THE FLOW OF DISTRIBUTIONS MADE BY THE TRUST TO THE CHURCH AND HOW SUCH DISTRIBUTIONS WILL SERVE TO MEET THE CHURCH'S NEEDS DURING THE UPCOMING YEAR. SCHEDULE A, PART V, LINE 1 REQUIREMENTS UNDER THE 'ALTERNATE INTEGRAL PART TEST FOR CERTAIN TRUSTS' (REG 1.509 (A) - 4(I)(9): SCHEDULE A, PART V, LINE 1, CONT ALL OF THE UNEXPIRED INTERESTS IN THE TRUST ARE DEVOTED TO ONE OR MORE PURPOSES DESCRIBED IN SECTION 170(C)(1) OR (C)(2)(B) AND A DEDUCTION WAS ALLOWED WITH RESPECT TO SUCH INTERESTS UNDER SECTION 170 BECAUSE THE SOLE BENEFICIARY IS ST. JOSEPH'S CATHOLIC CHURCH OF HILLS, IOWA, AND IT IS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS AND CHARITABLE PURPOSES. SCHEDULE A, PART V, LINE 1, CONT THE TRUST WAS CREATED PRIOR TO NOVEMBER 20, 1970 AND DID NOT RECEIVE ANY GRANT, CONTRIBUTION, BEQUEST OR OTHER TRANSFER ON OR AFTER SUCH DATE. SCHEDULE A, PART V, LINE 1, CONT THE TRUST IS REQUIRED BY ITS GOVERNING INSTRUMENT TO DISTRIBUTE ALL OF ITS NET INCOME AT LEAST ANNUALLY TO THE DESIGNATED BENEFICIARY, ST. JOSEPH'S CATHOLIC CHURCH OF HILLS, IOWA, THE SUPPORTED ORGANIZATION. SCHEDULE A, PART V, LINE 1, CONT THE TRUSTEE, HILLS BANK & TRUST COMPANY, DOES NOT HAVE DISCRETION TO VARY EITHER THE BENEFICIARY SUPPORTED ORGANIZATION OR THE AMOUNTS PAYABLE TO THE SUPPORTED ORGANIZATION. SCHEDULE A, PART V, LINE 1, CONT THE SOLE TRUSTEE OF THIS TRUST IS A FINANCIAL INSTITUTION, HILLS BANK & TRUST COMPANY. AS SUCH, THE TRUSTEE IS NOT A DISQUALIFIED PERSON WITHIN THE MEANING OF SECTION 4946(A) WITH RESPECT TO THIS TRUST BECAUSE: (A) IT IS NOT A SUBSTANTIAL CONTRIBUTOR TO THE TRUST; (B) IT IS NOT AN OWNER OF MORE THAT 20 PERCENT OF THE VOTING POWER OF A CORPORATION, THE PROFIT INTEREST OF A PARTNERSHIP, OR THE SCHEDULE A, PART V, LINE 1, CONT BENEFICIAL INTEREST OF A TRUST OR UNINCORPORATED ENTERPRISE THAT IS A SUBSTANTIAL CONTRIBUTOR TO THE TRUST; (C) A MEMBER OF THE FAMILY OF ANY INDIVIDUAL DESCRIBED IN (A) OR (B); SCHEDULE A, PART V, LINE 1, CONT (D) A CORPORATION OF WHICH ANY PERSONS DESCRIBED IN (A), (B) OR (C) OWN MORE THAN 35 PERCENT OF THE TOTAL COMBINED VOTING POWER; (E) A PARTNERSHIP IN WHICH PERSONS DESCRIBED IN (A), (B) OR (C) OWN MORE THAN 35 PERCENT OF THE PROFIT INTEREST; SCHEDULE A, PART V, LINE 1, CONT (F) A TRUST OR ESTATE IN WHICH PERSONS DESCRIBED IN (A), (B) OR (C) HOLD MORE THAN 35 PERCENT OF THE BENEFICIAL INTEREST; OR (G) A PRIVATE FOUNDATION. false ST JOSEPH'S CHURCH & CEMETERY 209 BRADY ST HILLS IA 52235 420991736 501(c)(3) 186451 TO HELP PROVIDE ASSISTANCE FOR THE DAILY OPERATIONS OF THE CHURCH AND CEMETERY EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 THE TRUSTEE CONTRACTS WITH THE IOWA CITY COMMUNITY SCHOOL DISTRICT FOUNDATION TO ADMINISTER SCHOLARSHIP GRANTS. FORM 990, PART VI, SECTION B, LINE 11B: HILLS BANK & TRUST COMPANY IS NAMED AS TRUSTEE OF THE DEGENHART FAMILY TRUST. PER THE TRUST DOCUMENT, ALL INCOME FROM THE TRUST IS TO BE DISBURSED TO ST. JOSEPH CHURCH AND CEMETERY TO HELP WITH OPERATIONAL EXPENSES. THE HILLS BANK & TRUST COMMITTEE CONSISTS OF 7 MEMBERS WHO OVERSEE THE ADMINISTRATION OF THE FUNDS AND REVIEW COMPLIANCE WITH THE TRUST DOCUMENT. A MEMBER OF THE COMMITEE REVIEWS FORM 990 PRIOR TO FILING. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS HILLS BANK & TRUST COMPANY, 590 WEST FOREVERGREEN ROAD, NORTH LIBERTY, IA 52317 EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a THERE ARE NO GOVERNING BODY MEETINGS AS THERE IS NO BOARD OF DIRECTORS. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b THERE ARE NO COMMITTEES. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW SEE ATTACHED SCHEDULE O FORM 990, PAGE 6, PART VI, LINE 19 A COPY OF THE GOVERNING DOCUMENTS, FORM 990, FORM 1023 AND INTERNAL FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT HILLS BANK & TRUST CO OFFICE AT 590 W FOREVERGREEN RD, NORTH LIBERTY, IA. COPY OF FORM 990 IS ALSO FILED WITH IOWA OFFICE OF ATTORNEY GENERAL AND IS AVAILABLE UPON REQUEST. EXPLANATION FOR FORM 990, PART XI, LINE 9 2022 TRANSACTIONS POSTED IN 2023 $3632.77; 2023 TRANSACTIONS POSTED IN 2024 ($3138.31); ROUNDING ADJUSTMENT $5.00 = $499.46 ST JOSEPH'S CATHOLIC CHURCH PO BOX 187 HILLS IA 52235 420991736 CHURCH IA 501(C)(3) 1 NA false false false false false false false false false false false false false false false false false false false false