FLOYD H GRANAMAN TR UW FBO OLD THRESHERS FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
FLOYD H GRANAMAN TR UW FBO OLD THRESHERS FOUNDATION (EIN 45-6541472)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-15
IRS object ID
202411369349102501
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-15T10:54:50-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN421363298PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MENKE & COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1320 N 3RD ST STE 300AddressLine1Txt
CityBURLINGTONCityNm
State AbbreviationIAStateAbbreviationCd
ZIP526015313ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN456541472EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FLOYD H GRANAMAN TR UW FBO OLDBusinessNameLine1Txt
Business Name Line2THRESHERS FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFLOYBusinessNameControlTxt
Phone3197542250PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 928AddressLine1Txt
CityBURLINGTONCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52601ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonF M BANK TRUSTPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone3197542250PhoneNum
Signature2024-05-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKELLIPersonFirstNm
Person LastJOHNSONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAY W HENRICHPreparerPersonNm
PTINP01257221PTIN
Phone3197532000PhoneNum
Preparation2024-05-13PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$733,278FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$12,189InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$11,350InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$12,189InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$15,320DividendsRevAndExpnssAmt
Dividends Net Invst Incm$15,320DividendsNetInvstIncmAmt
Dividends Adj Net Incm$15,320DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$3,090NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$227,406GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$3,090CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$30,599TotalRevAndExpnssAmt
Total Net Invst Incm$29,760TotalNetInvstIncmAmt
Total Adj Net Incm$27,509TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$7,502CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$3,751CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$3,751CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$650AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$325AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$325AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$758TaxesRevAndExpnssAmt
Taxes Net Invst Incm$110TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$3,494OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$3,494OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$12,404TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,680TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,076TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$31,947ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$31,947ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$44,351TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,680TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$36,023TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$13,752ExcessRevenueOverExpensesAmt
Net Investment Income$22,080NetInvestmentIncomeAmt
Adjusted Net Income$27,509AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$13,124SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$16,062SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$16,062SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$30,771USGovernmentObligationsBOYAmt
Corporate Stock BOY$223,838CorporateStockBOYAmt
Corporate Stock EOY$171,186CorporateStockEOYAmt
Corporate Stock EOYFMV$236,841CorporateStockEOYFMVAmt
Corporate Bonds BOY$277,640CorporateBondsBOYAmt
Corporate Bonds EOY$283,934CorporateBondsEOYAmt
Corporate Bonds EOYFMV$274,929CorporateBondsEOYFMVAmt
Other Investments BOY$139,300OtherInvestmentsBOYAmt
Other Investments EOY$199,739OtherInvestmentsEOYAmt
Other Investments EOYFMV$205,446OtherInvestmentsEOYFMVAmt
Total Assets BOY$684,673TotalAssetsBOYAmt
Total Assets EOY$670,921TotalAssetsEOYAmt
Total Assets EOYFMV$733,278TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$684,673RetainedEarningBOYAmt
Retained Earning EOY$670,921RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$684,673TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$670,921TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$684,673TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$670,921TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$684,673TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$13,752ExcessRevenueOverExpensesAmt
Subtotal$670,921SubtotalAmt
Tot Net Ast Or Fund Balances EOY$670,921TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
NET STCGP2023-02-232023-06-16$24,636$26,178-$1,542-$1,542
NET LTCGP2015-12-152023-11-15$202,410$198,138$4,272$4,272
FieldValueIRS element (for citing)
Capital Gain Net Income$3,090CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$307InvestmentIncomeExciseTaxAmt
Subtotal$307SubtotalAmt
Tax Based On Investment Income$307TaxBasedOnInvestmentIncomeAmt
Tax Due$307TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1F & M BANK & TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3197542250PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 928AddressLine1Txt
CityBURLINGTONCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52601ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1F & M BANK & TRUSTBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 928AddressLine1Txt
CityBURLINGTONCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52601ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$7,502CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$697,536AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$15,210AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$712,746TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$712,746AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,691CashDeemedCharitableAmt
Net Vl Noncharitable Assets$702,055NetVlNoncharitableAssetsAmt
Minimum Investment Return$35,103MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$35,103MinimumInvestmentReturnAmt
Tax Based On Investment Income$307TaxBasedOnInvestmentIncomeAmt
Total Tax$307TotalTaxAmt
Distributable Before Adj$34,796DistributableBeforeAdjAmt
Distributable Before Ded$34,796DistributableBeforeDedAmt
Distributable As Adjusted$34,796DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$36,023ExpensesAndContributionsAmt
Qualifying Distributions$36,023QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$34,796DistributableAsAdjustedAmt
Undistributed Income PY$31,947UndistributedIncomePYAmt
Qualifying Distributions$36,023QualifyingDistributionsAmt
Applied To Year1$31,947AppliedToYear1Amt
Applied To Current Year$4,076AppliedToCurrentYearAmt
Undistributed Income CY$30,720UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonOLD THRESHERS FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1405 E THREASHERS ROADAddressLine1Txt
CityMT PLEASANTCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52641ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusNON PROFITRecipientFoundationStatusTxt
Grant Or Contribution PurposeOPERATIONS OF NON PROFIT ENTITYGrantOrContributionPurposeTxt
Amt$31,947Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$31,947TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$12,189ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$15,320ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,090ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$30,599ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$30,599TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$650Amt
Net Investment Income$325NetInvestmentIncomeAmt
Disbursements Charitable Prps$325DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondCORPORATE BONDSBondNm
EOY Book Value$283,934EOYBookValueAmt
EOYFMV$274,929EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCORPORATE STOCKStockNm
EOY Book Value$171,186EOYBookValueAmt
EOYFMV$236,841EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMUTUAL FUNDSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$199,739BookValueAmt
EOYFMV$205,446EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BOND AMORTIZATION$3,494$3,494

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX$110$110
990PF TAX$648

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