Hills Bank Donor Advised Gift Fund
- Assets
- $20.4m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 0
- Location
- North Liberty, IA
- Founding
- 12/1997
- Data as of
- 12/2023
- EIN
- 39-6659806
Organization Overview
Hills Bank Donor Advised Gift Fund is located in North Liberty, IA. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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 Bank Donor Advised Gift Fund 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 Bank Donor Advised Gift Fund generated $8.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $6.6m during the year ending 12/2023. While expenses have increased by 3.5% per year over the past 5 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 2020, Hills Bank Donor Advised Gift Fund has awarded 315 individual grants totaling $14,242,413. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President Of Trustee | 2 | $0 | |
Name Not Listed Sr. V.p., Trust Officer Of | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,716,355 |
| Noncash contributions included in lines 1a–1f | $1,234,537 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,716,355 |
| Total Program Service Revenue | $0 |
| Investment income | $589,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $510,085 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,815,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,493,561 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $119,419 |
| Total functional expenses | $6,612,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,408 |
| Savings and temporary cash investments | $10,435,464 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,836,663 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,382,535 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $20,382,535 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,382,535 |
Grants Awarded
Over the last fiscal year, Hills Bank Donor Advised Gift Fund has awarded $5,846,555 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
ABWE FOUNDATION PURPOSE: General support | $6,600 |
ANSWERS IN GENESIS PURPOSE: General support | $20,000 |
AMBASSADORS FOR CHRIST INTERNATIONAL PURPOSE: General support | $6,000 |
ARAB AMERICAN FOUNDATION PURPOSE: General support | $6,000 |
ANTIOCH CHRISTIAN CHURCH PURPOSE: General support | $6,000 |
AVANT MINISTRIES PURPOSE: General support | $407,200 |