GEISLER PENQUITE CORPORATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- GEISLER PENQUITE CORPORATION (EIN 23-7103845)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-07-10
- IRS object ID
- 202341919349100324
- Schema version
- 2022v5.0
- 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
- Form 990-PF
- Schedule B
- Gain Loss Sale Other Assets Sch
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-07-10T13:51:47-07:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271128871 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OTTO LAW OFFICE PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 123 W 2ND ST N | AddressLine1Txt |
| City | NEWTON | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50208 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237103845 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE GEISLER-PENQUITE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GEIS | BusinessNameControlTxt |
| Phone | 6417912874 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O DAN SKOKAN PO BOX 924 | AddressLine1Txt |
| City | NEWTON | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50208 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAN SKOKAN | PersonNm |
| Person Title | PRESIDENT/TREASURER | PersonTitleTxt |
| Phone | 6417912874 | PhoneNum |
| Signature | 2023-06-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DAN | PersonFirstNm |
| Person Last | SKOKAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Mark A Otto | PreparerPersonNm |
| PTIN | P00060121 | PTIN |
| Phone | 6417927000 | PhoneNum |
| Preparation | 2023-07-10 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $15,125,692 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $10,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $14,031 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $14,031 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $14,031 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $305,110 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $305,110 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $305,110 | DividendsAdjNetIncmAmt |
| Gross Rents Rev And Expnss | $100,000 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $100,000 | GrossRentsNetInvstIncmAmt |
| Gross Rents Adj Net Incm | $100,000 | GrossRentsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $7,927,732 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $10,005,782 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $7,927,732 | CapGainNetIncmNetInvstIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $1,315 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,315 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $1,315 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $8,358,188 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $8,348,188 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $420,456 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $800 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $800 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $800 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $0 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $44,616 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $44,616 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $44,616 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $55,224 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $55,224 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $55,224 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $698 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $698 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $698 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $101,338 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $101,338 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $101,338 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $800,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $800,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $901,338 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $101,338 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $101,338 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $800,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $7,456,850 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $8,246,850 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $319,118 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $194,143 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $4,714,802 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,739,409 | SavAndTempCashInvstEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Corporate Stock BOY | $3,009,269 | CorporateStockBOYAmt |
| Corporate Stock EOY | $5,506,397 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,122,830 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,187,788 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $3,724,172 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $3,310,728 | CorporateBondsEOYFMVAmt |
| Land Bldg Investments EOY | $0 | LandBldgInvestmentsEOYAmt |
| Other Investments BOY | $2,226,238 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $877,914 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $952,725 | OtherInvestmentsEOYFMVAmt |
| Land EOY | $0 | LandEOYAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $7,617,438 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,823,285 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $15,125,692 | TotalAssetsEOYFMVAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $7,617,438 | RetainedEarningBOYAmt |
| Retained Earning EOY | $14,823,285 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $7,617,438 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $14,823,285 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $7,617,438 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $14,823,285 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $7,617,438 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $7,456,850 | ExcessRevenueOverExpensesAmt |
| Other Increases | -$251,003 | OtherIncreasesAmt |
| Subtotal | $14,823,285 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $14,823,285 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | DepreciationDepreciationAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | FMV As Of123169FMVAsOf123169Amt | Adjusted Basis As Of123169AdjustedBasisAsOf123169Amt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AGRICULTURAL PROPERTY | D | 2021-01-01 | 2022-02-09 | $9,685,686 | $0 | $1,818,998 | $7,866,688 | $0 | $0 | $0 | $7,866,688 |
| NORTHERN TRUST CAP GAIN DIST | P | 2021-12-31 | 2022-12-31 | $64,281 | $0 | $0 | $64,281 | $0 | $0 | $0 | $64,281 |
| NORTHERN TRUST LONG TERM CAP GAIN | P | 2021-12-31 | 2022-12-31 | $255,815 | $0 | $259,052 | -$3,237 | $0 | $0 | $0 | -$3,237 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $7,927,732 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $114,631 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $114,631 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $114,631 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $13,656 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $13,656 | TotalPaymentsAndCreditsAmt |
| Original Return Tax Paid | $13,656 | OriginalReturnTaxPaidAmt |
| Tax Due | $100,975 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | DAN SKOKAN | IndividualWithBooksNm |
| Phone | 6417912874 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 924 | AddressLine1Txt |
| City | NEWTON | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50208 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DAN SKOKAN | ||||||||
| PO BOX 924 | NEWTON | IA | 50208 | PRESIDENT/TREASURER | 1.00 | $0 | $0 | $0 |
| SHERI ROSLIEN | ||||||||
| C/O 210 E UNIVERSITY | PELLA | IA | 50219 | SECRETARY | 1.00 | $0 | $0 | $0 |
| NOREEN OTTO | ||||||||
| 1110 S 6TH AVE W | NEWTON | IA | 50208 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| EUGENE KNOPH | ||||||||
| 208 N 2ND AVE W | NEWTON | IA | 50208 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| ERIC SICKLER | ||||||||
| 164 DELFT DR | PELLA | IA | 50219 | VICE CHAIR | 1.00 | $0 | $0 | $0 |
| JOHN ROSLIEN | ||||||||
| C/O 210 E UNIVERSITY | PELLA | IA | 50219 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MAURINE TIMMER | ||||||||
| 908 MONROE ST | PELLA | IA | 50219 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $8,707,570 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $5,498,448 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $841,922 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $15,047,940 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $15,047,940 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $225,719 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $14,822,221 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $741,111 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $741,111 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $114,631 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $114,631 | TotalTaxAmt |
| Distributable Before Adj | $626,480 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $626,480 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $626,480 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $800,000 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $800,000 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $626,480 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $0 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $800,000 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $626,480 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $173,520 | RemainingDistriFromCorpusAmt |
| Total Corpus | $173,520 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $173,520 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $173,520 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | DAN SKOKAN | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 924 | AddressLine1Txt |
| City | NEWTON | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50208 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 6417912874 | RecipientPhoneNum |
| Form And Info And Materials | LETTER WHICH STATES AMOUNT OF REQUEST AND CHARITABLE PURPOSE FOR THE REQUEST | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| ISU EXTENSION AND OUTREACH | ||||||
| 550 N 2ND AVE W | NEWTON | IA | 50208 | PUBLIC | ENDOWMENT FUND | $20,000 |
| GREATER DES MOINES HABITAT FOR HUMANITY | ||||||
| PO BOX 782 | NEWTON | IA | 50208 | PUBLIC | ENDOWMENT FUND | $20,000 |
| JASPER COUNTY HISTORICAL SOCIETY | ||||||
| 1700 S 15TH AVE W | NEWTON | IA | 50208 | PUBLIC | ENDOWMENT FUND | $20,000 |
| NEWTON DOLLARS FOR SCHOLARS | ||||||
| 2683 HWY S74 S | NEWTON | IA | 50208 | PUBLIC | ENDOWMENT FUND | $20,000 |
| NEWTON YMCA | ||||||
| 1701 S 8TH AVE E | NEWTON | IA | 50208 | PUBLIC | ENDOWMENT FUND | $20,000 |
| PROGRESS INDUSTRIES FOUNDATION | ||||||
| 1017 E 7TH ST N | NEWTON | IA | 50208 | PUBLIC | ENDOWMENT FUND | $20,000 |
| PROJECT AWAKE | ||||||
| 3000 N 4TH AVE E | NEWTON | IA | 50208 | PUBLIC | ENDOWMENT FUND | $20,000 |
| WESLEY PARK CENTRE ASSISTED LIVING | ||||||
| 500 1ST ST N | NEWTON | IA | 50208 | PUBLIC | ENDOWMENT FUND | $20,000 |
| BAXTER COMMUNITY EDUCATIONAL | ||||||
| 202 E STATE STREET | BAXTER | IA | 50028 | PUBLIC | ENDOWMENT FUND | $20,000 |
| CENTRAL COLLEGE | ||||||
| 812 UNIVERSITY ST | PELLA | IA | 50219 | PUBLIC | ENDOWMENT FUND | $480,000 |
| CENTRE FOR ARTS AND ARTISTS | ||||||
| PO BOX 5 | NEWTON | IA | 50208 | PUBLIC | ENDOWMENT FUND | $20,000 |
| COLFAX-MINGO SCHOLARSHIPS | ||||||
| 11565 N 4TH AVE W | COLFAX | IA | 50054 | PUBLIC | ENDOWMENT FUND | $20,000 |
| MERCY HOSPICE | ||||||
| 204 N 4TH AVE E | NEWTON | IA | 50208 | PUBLIC | ENDOWMENT FUND | $20,000 |
| IOWA SCULPTURE FESTIVAL | ||||||
| 1109 E 16TH ST S | NEWTON | IA | 50208 | PUBLIC | ENDOWMENT FUND | $20,000 |
| JASPER COMMUNITY FOUNDATION-MINGO | ||||||
| PO BOX 925 | NEWTON | IA | 50208 | PUBLIC | ENDOWMENT FUND | $20,000 |
| JASPER COUMMUNITY FOUNDATION-NEWTON | ||||||
| PO BOX 925 | NEWTON | IA | 50208 | PUBLIC | ENDOWMENT FUND | $20,000 |
| TEEN CHALLENGE OF THE MIDLANDS | ||||||
| 900 N LEAGUE RD | COLFAX | IA | 50054 | PUBLIC | ENDOWMENT FUND | $20,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $800,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $14,031 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $305,110 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $7,927,732 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INV | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $416 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $8,247,289 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $8,247,289 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HERTZ FARM MANAGEMENT INC | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 500 | AddressLine1Txt |
| City | NEVADA | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $10,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (3 entries)
| AssetAssetDesc | AcquiredAcquiredDt | How AcquiredHowAcquiredTxt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Total NetTotalNetAmt | BasisBasisAmt | Sales ExpenseSalesExpenseAmt |
|---|---|---|---|---|---|---|---|
| NORTHERN TRUST CAP GAIN DIST | 2021-12 | Purchased | 2022-12 | $64,281 | $64,281 | ||
| NORTHERN TRUST LONG TERM GAIN | 2021-12 | Purchased | 2022-12 | $255,815 | -$3,237 | $259,052 | |
| AGRICULTURAL PROPERTY SALES | 2021-02 | Donated | 2022-02 | $9,685,686 | $7,866,688 | $1,570,750 | $248,248 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | NORTHERN TRUST | BondNm |
| EOY Book Value | $3,724,172 | EOYBookValueAmt |
| EOYFMV | $3,310,728 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | NORTHERN TRUST | StockNm |
| EOY Book Value | $5,506,397 | EOYBookValueAmt |
| EOYFMV | $6,122,830 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 249.7 ACRES AGRICULTURAL PROPERTY/19 ACRES ROADS,DITCHES,WATERWAYS | $0 | $0 |
| COMMODITIES | $571,708 | $672,698 |
| 354.9 ACRES AGRICULTURAL PROPERTY/5 ACRE BUILDING SITE/13.8 ACRES ROADS,DITCHES,WATERWAYS | $0 | $0 |
| REAL ESTATE FUNDS | $306,206 | $280,027 |
| 115.94 ACRES | $0 | $0 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| BROWN WINNICK CORPORATE | $0 | $0 | $0 | $0 |
| OTTO LAW OFFICE TAX PREP | $800 | $800 | $800 | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INSURANCE | Desc |
| Revenue And Expenses Per Books | $698 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $698 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $698 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| SEC 1411 NET INV INC | $416 | $416 | $416 |
| INSURANCE | $899 | $899 | $899 |
| NON-DIV | $0 | $0 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJ TO BASIS | Desc |
| Amt | -$251,003 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | NORTHERN TRUST INVESTMENT | CategoryTxt |
| Amt | $44,616 | Amt |
| Net Investment Income | $44,616 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $44,616 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN | $7,785 | $7,785 | $7,785 | $0 |
| FEDERAL TAX | $10,737 | $10,737 | $10,737 | $0 |
| REAL ESTATE | $36,702 | $36,702 | $36,702 |
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