The@jared And Carol Hills Foundation
- Assets
- $4.9m
- Revenue
- $361.8k
- Investments
- $4.9m
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 39-1896077
Organization Overview
The@jared And Carol Hills Foundation is located in Cedar Rapids, 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. The@jared And Carol Hills Foundation 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 12/2022, The@jared And Carol Hills Foundation generated $361.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $45.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (34.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol T Hills President And Director | 1 | $0 | |
Jared S Hills Vice-President And Director | 1 | $0 | |
Darrel A Morf Secretary And Director | 1 | $0 | |
Roger J Schmidt Treasurer And Director | 1 | $0 | |
William Colling Director | 1 | $0 | |
Kari Dirks Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $176,060 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $172,037 |
| Capital Gain Net Income | $172,037 |
| Net ST Capital Gain | $58,807 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,707 |
| Total Revenue | $361,804 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $857 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $524 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,956 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $44,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,882 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,931,452 |
| 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 |