Hills Bancorporation Foundatiion
- Assets
- $2.4m
- Revenue
- $117.0k
- Investments
- $2.2m
- Employees
- 0
- Location
- Hills, IA
- Founding
- 12/1997
- Data as of
- 12/2023
- EIN
- 39-1890766
Organization Overview
Hills Bancorporation Foundatiion is located in Hills, IA. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hills Bancorporation Foundatiion is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Hills Bancorporation Foundatiion generated $117.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $109.2k during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hills Bancorporation Foundatiion has awarded 143 individual grants totaling $836,182. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight O Seegmiller President | 1 | $0 | |
Brian Globokar Vice President | 1 | $0 | |
Tony Roetlin Treasurer | 1 | $0 | |
Jason Weeks Interim Treasurer (unitl 12/23) | 1 | $0 | |
Lisa Shileny Secretary | 1 | $0 | |
Willis M Bywater Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,239 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,755 |
| Capital Gain Net Income | $69,755 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,994 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,650 |
| Contributions, gifts, grants paid | $106,500 |
| Total expenses and disbursements | $109,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $189,468 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,116,826 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,378,672 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hills Bancorporation Foundatiion has awarded $138,500 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BACKYARD ABUNDANCE PURPOSE: 2023 OUTDOOR COMMUNITY PROGRAMMING | $5,000 |
BOY SCOUTS OF AMERICA HAWKEYE AREA COUNCIL PURPOSE: 2024 PROGRAMMING | $7,000 |
CEDAR RAPIDS COMMUNITY SCHOOL FOUNDATION PURPOSE: 2023-2024 KIDS IN THE COMMUNITY | $7,000 |
CLEAR CREEK AMANA COMMUNITY SCHOOL DISTRICT PURPOSE: 2023 MIDDLE SCHOOL LIBRARY AUTHOR VISIT | $1,500 |
EASTERN IOWA ARTS ACADEMY PURPOSE: 2024 SCHOLARSHIP FUND - LINN COUNTY | $5,000 |
FILMSCENE PURPOSE: 2023 SUMMER ANIMATION CAMPS | $7,500 |