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      <PreparerPersonNm>LAURA M DAWSON CPA</PreparerPersonNm>
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        <TaxBasedOnInvestmentIncomeAmt>1234</TaxBasedOnInvestmentIncomeAmt>
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        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
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        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
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        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>IA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
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        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>NONE</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>JARED KOCH</BusinessNameLine1Txt>
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        <LocationOfBooksUSAddress>
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          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>51012</ZIPCd>
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        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
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        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
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        <OfficerDirTrstKeyEmplGrp>
          <BusinessName>
            <BusinessNameLine1Txt>CHEROKEE STATE BANK</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>CHEROKEE STATE BANK</BusinessNameLine2Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>212 WEST WILLOW ST</AddressLine1Txt>
            <CityNm>CHEROKEE</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51012</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
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          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
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        <Description1Txt>LOANS MADE IN 2023 TO ASSIST COLLEGE STUDENTS COSTS</Description1Txt>
        <Expenses1Amt>149300</Expenses1Amt>
        <TotalAmt>149300</TotalAmt>
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        <AverageMonthlyFMVOfSecAmt>3308322</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>233751</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>3542073</TotalFMVOfUnusedAssetsAmt>
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        <NetVlNoncharitableAssetsAmt>3488942</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>174447</MinimumInvestmentReturnAmt>
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        <MinimumInvestmentReturnAmt>174447</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1234</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1234</TotalTaxAmt>
        <DistributableBeforeAdjAmt>173213</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>173213</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>173213</DistributableAsAdjustedAmt>
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        <ProgramRelatedInvstTotalAmt>149300</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>186888</QualifyingDistributionsAmt>
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          <RecipientPersonNm>JARED KOCH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>CHEROKEE STATE BANK</AddressLine1Txt>
            <AddressLine2Txt>212 W WILLOW ST</AddressLine2Txt>
            <CityNm>CHEROKEE</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51012</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>7122253000</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>LOAN APPLICATIONS ARE ATTACHED AS SAMPLES</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>MAY 1ST</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>LOANS ARE FIRST GRANTED TO STUDENTS WHO ARE RESIDENTS OF CHEROKEE COUNTY, IOWA, AND IN THE EVENT THAT AVAILABLE FUNDS ARE NOT EXHAUSTED BY SUCH GRANTS, THE FUNDS MAY BE USED FOR LOANS TO STUDENTS WHO RESIDE IN OTHER IOWA COUNTIES.</RestrictionsOnAwardsTxt>
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          <Desc>INCOME TAX REFUND</Desc>
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        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
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        <CategoryTxt>TAX PREPARATION FEES</CategoryTxt>
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        <AdjustedNetIncomeAmt>473</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1417</DisbursementsCharitablePrpsAmt>
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        <AssetDesc>BANKERS TRUST</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
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        <BasisAmt>33734</BasisAmt>
        <TotalNetAmt>-4914</TotalNetAmt>
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      <GainLossSaleOtherAssetGrp>
        <AssetDesc>BANKERS TRUST</AssetDesc>
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        <StockNm>INTERNATIONAL EQUITY MUTUAL</StockNm>
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        <EOYFMVAmt>296878</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>EQUITY MUTUAL FUNDS</StockNm>
        <EOYBookValueAmt>71779</EOYBookValueAmt>
        <EOYFMVAmt>73893</EOYFMVAmt>
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        <CategoryTxt>ATTORNEY FEES</CategoryTxt>
        <LegalFeesAmt>1250</LegalFeesAmt>
        <NetInvestmentIncomeAmt>312</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>312</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>938</DisbursementsCharitablePrpsAmt>
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    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc5">
      <OtherAssetsScheduleGrp>
        <Desc>STUDENT LOANS</Desc>
        <BOYBookValueAmt>1311068</BOYBookValueAmt>
        <EOYBookValueAmt>1375491</EOYBookValueAmt>
        <EOYFMVAmt>1375167</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>DIVIDEND RECEIVABLE</Desc>
        <BOYBookValueAmt>2485</BOYBookValueAmt>
        <EOYBookValueAmt>5774</EOYBookValueAmt>
        <EOYFMVAmt>5774</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>CASH MANAGEMENT</Desc>
        <BOYBookValueAmt>269</BOYBookValueAmt>
        <EOYBookValueAmt>245</EOYBookValueAmt>
        <EOYFMVAmt>245</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <TaxesSchedule documentId="RetDoc6">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX</CategoryTxt>
        <Amt>461</Amt>
        <NetInvestmentIncomeAmt>461</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>461</AdjustedNetIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>445</Amt>
        <NetInvestmentIncomeAmt>445</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>445</AdjustedNetIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
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