Nonprofit · EIN 39-1896077
THE@JARED AND CAROL HILLS FOUNDATION
Tax-exempt · CEDAR RAPIDS, IA 52401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,192,809 | $206,071 | $986,738 | $11,336,984 | $0 | $11,336,984 |
| December 31, 2024 | 990-PF | $773,694 | $3,779 | $769,915 | $10,340,658 | $0 | $10,340,658 |
| December 31, 2023 | 990-PF | $4,848,844 | $3,148 | $4,845,696 | $9,795,983 | $0 | $9,795,983 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $23,081
- Dividends
- $400,679
- Net gain from sales of assets
- $688,290
- Other income
- $80,759
Expenses
- Grants and similar amounts paid
- $200,000
- Disbursements for charitable purposes
- $200,000
- Excise tax on investment income
- $16,241
Balance sheet and other
- Total assets, start of year
- $10,340,658
- Total assets, end of year
- $11,336,984
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,336,984
- Fair market value of assets
- $14,229,597
- Qualifying distributions
- $200,000
- Net investment income
- $1,169,728
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL T HILLS 2008 BALSAM DRIVE SW, CEDAR RAPIDS, IA 52404 | PRESIDENT AND DIRECTOR | 1 | $0 |
| DARREL A MORF 115 THIRD ST SE STE 1200, CEDAR RAPIDS, IA 52401 | SECRETARY AND DIRECTOR | 1 | $0 |
| WILLIAM COLLING 890 ALEXIS LANE, MARION, IA 523029070 | DIRECTOR | 1 | $0 |
| KARI DIRKS 1700 12TH AVENUE, CORALVILLE, IA 52241 | VICE-PRESIDENT AND DIRECTOR | 1 | $0 |
| PAUL HILLS 1540 HWY 965 NW, SWISHER, IA 52338 | TREASURER AND DIRECTOR | 1 | $0 |
| TRAVIS CAVANAUGH 115 THIRD ST SE STE 1200, CEDAR RAPIDS, IA 52401 | SECRETARY AND DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL T HILLS 2008 BALSAM DRIVE SW, CEDAR RAPIDS, IA 52404 | PRESIDENT AND DIRECTOR | 1 | $0 |
| DARREL A MORF 115 THIRD ST SE STE 1200, CEDAR RAPIDS, IA 52401 | SECRETARY AND DIRECTOR | 1 | $0 |
| WILLIAM COLLING 890 ALEXIS LANE, MARION, IA 523029070 | DIRECTOR | 1 | $0 |
| KARI DIRKS 1700 12TH AVENUE, CORALVILLE, IA 52241 | VICE-PRESIDENT AND DIRECTOR | 1 | $0 |
| PAUL HILLS 1540 HWY 965 NW, SWISHER, IA 52338 | TREASURER AND DIRECTOR | 1 | $0 |
| CRAIG VANDER LEEST 200 5TH AVENUE SE SUITE 102, CEDAR RAPIDS, IA 52401 | TREASURER AND DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL T HILLS 2008 BALSAM DRIVE SW, CEDAR RAPIDS, IA 52404 | PRESIDENT AND DIRECTOR | 1 | $0 |
| JARED S HILLS 2008 BALSAM DRIVE SW, CEDAR RAPIDS, IA 52404 | VICE-PRESIDENT AND DIRECTOR | 1 | $0 |
| DARREL A MORF 115 THIRD ST SE, CEDAR RAPIDS, IA 52401 | SECRETARY AND DIRECTOR | 1 | $0 |
| WILLIAM COLLING 890 ALEXIS LANE, MARION, IA 523029070 | DIRECTOR | 1 | $0 |
| KARI DIRKS 1700 12TH AVENUE, CORALVILLE, IA 52241 | VICE-PRESIDENT AND DIRECTOR | 1 | $0 |
| PAUL HILLS 1540 HWY 965 NW, SWISHER, IA 52338 | TREASURER AND DIRECTOR | 1 | $0 |
| CRAIG VANDER LEEST 200 5TH AVENUE SE SUITE 102, CEDAR RAPIDS, IA 52401 | TREASURER AND DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 115 3RD ST SE STE 1200, CEDAR RAPIDS, IA 52401-1222
- In care of
- % TRAVIS CAVANAUGH
- Signed the 990-PF
- TRAVIS CAVANAUGH, SECRETARY AND DIRECTOR
- Phone
- (319) 366-7641
- Return prepared by
- Simmons Perrine PLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 39-1896077
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $11,336,984
- Income (IRS master file)
- $2,774,889
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,192,809 | $206,071 | $11,336,984 | XML |
| 990-PF | December 2024 | $773,694 | $3,779 | $10,340,658 | IRS |
| 990-PF | December 2023 | $4,848,844 | $3,148 | $9,795,983 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1896077).
Questions about THE@JARED AND CAROL HILLS FOUNDATION
- What is the EIN of THE@JARED AND CAROL HILLS FOUNDATION?
- The employer identification number (EIN) of THE@JARED AND CAROL HILLS FOUNDATION is 39-1896077.
- Is THE@JARED AND CAROL HILLS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to THE@JARED AND CAROL HILLS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE@JARED AND CAROL HILLS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE@JARED AND CAROL HILLS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE@JARED AND CAROL HILLS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of THE@JARED AND CAROL HILLS FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does THE@JARED AND CAROL HILLS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,192,809, expenses of $206,071 and total assets of $11,336,984 at year end.
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