Nonprofit · EIN 39-6659806
HILLS BANK DONOR ADVISED GIFT FUND
Tax-exempt · NORTH LIBERTY, IA 52317
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,952,068 | $6,231,882 | $4,720,186 | $25,102,721 | $0 | $25,102,721 |
| December 31, 2023 | 990 | $8,815,616 | $6,612,980 | $2,202,636 | $20,382,535 | $0 | $20,382,535 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,049,599
- Program service revenue
- $0
- Investment income
- $902,469
- Net gain from sales of assets
- $85,665
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $6,097,536
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $6,097,536
- Management and general (functional)
- $134,346
Balance sheet and other
- Total assets, start of year
- $20,382,535
- Total assets, end of year
- $25,102,721
- Total liabilities, end of year
- $0
- Net assets, end of year
- $25,102,721
- Publicly traded securities
- $9,703,066
- Net assets with donor restrictions
- $25,102,721
- Gross receipts
- $19,800,992
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1997
- State of legal domicile
- IA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Shileny | President of Trustee Institutional trustee | 2 | $0 |
| Jeffrey Ritchie | Sr. V.P., Trust Officer of Institutional trustee | 2 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Shileny | President of Trustee Institutional trustee | 2 | $0 |
| Jeffrey Ritchie | Sr. V.P., Trust Officer of Institutional trustee | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 590 W FOREVERGREEN RD, NORTH LIBERTY, IA 52317-8507
- In care of
- % HILLS BANK & TRUST COMPANY TTEE
- Principal officer (990 for 2024)
- Jeffrey Ritchie, 590 West Forevergreen Road, North Liberty, IA 52367
- Signed the 990
- Jeffrey Ritchie, Sr. Vice President; Trust Officer
- Phone
- (319) 338-1522
- Return prepared by
- Shuttleworth & Ingersoll PLC
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.
Program accomplishments
- 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 $6,097,536 · grants $6,097,536
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-6659806
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70)
- Assets (IRS master file)
- $25,102,721
- Income (IRS master file)
- $19,800,992
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,952,068 | $6,231,882 | $25,102,721 | IRS |
| 990 | December 2023 | $8,815,616 | $6,612,980 | $20,382,535 | XML |
| 990 | December 2022 | $8,174,853 | $3,359,560 | $18,179,899 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 39-6659806).
Questions about HILLS BANK DONOR ADVISED GIFT FUND
- What is the EIN of HILLS BANK DONOR ADVISED GIFT FUND?
- The employer identification number (EIN) of HILLS BANK DONOR ADVISED GIFT FUND is 39-6659806.
- Is HILLS BANK DONOR ADVISED GIFT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to HILLS BANK DONOR ADVISED GIFT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HILLS BANK DONOR ADVISED GIFT FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HILLS BANK DONOR ADVISED GIFT FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HILLS BANK DONOR ADVISED GIFT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HILLS BANK DONOR ADVISED GIFT FUND?
- The 990 for the year ended December 31, 2024 names Jeffrey Ritchie.
- Who are the officers and directors of HILLS BANK DONOR ADVISED GIFT FUND?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does HILLS BANK DONOR ADVISED GIFT FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,952,068, expenses of $6,231,882 and total assets of $25,102,721 at year end.
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