MUTUALBANK CHARITABLE FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: MUTUALBANK CHARITABLE FOUNDATION (EIN 35-2064221)
Tax period: 2019-07-01 to 2020-06-30
Filed: 2021-01-08
IRS object ID: 202140089349100704
Schema version: 2019v5.0
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
Accounting Fees Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Other Decreases Schedule
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-01-08T09:57:12-06:00	ReturnTs
Tax Period End	2020-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	043587095	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	ESTEP BURKEY SIMMONS LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 42	AddressLine1Txt
City	MUNCIE	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	473080042	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2019-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	352064221	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MUTUALBANK CHARITABLE FOUNDATION	BusinessNameLine1Txt
Business Name Line2	INC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	MUTU	BusinessNameControlTxt
Phone	7657472945	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	110 E CHARLES ST	AddressLine1Txt
City	MUNCIE	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	47305	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	CHRISTOPHER COOK	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	7657472945	PhoneNum
Signature	2020-12-22	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	PATRICK W BURKEY	PreparerPersonNm
PTIN	P00444925	PTIN
Phone	7652847554	PhoneNum
Preparation	2020-12-22	PreparationDt

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$5,957,131	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$50,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$4,834	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$4,834	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$4,834	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$228,535	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$228,535	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$228,535	DividendsAdjNetIncmAmt
Total Rev And Expnss	$283,369	TotalRevAndExpnssAmt
Total Net Invst Incm	$233,369	TotalNetInvstIncmAmt
Total Adj Net Incm	$233,369	TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$1,750	CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss	$4,000	AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps	$4,000	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$606	TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss	$7,914	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$4,424	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$3,490	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$14,270	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$4,424	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$7,490	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$259,825	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$392,075	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$274,095	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$4,424	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$399,565	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$9,274	ExcessRevenueOverExpensesAmt
Net Investment Income	$228,945	NetInvestmentIncomeAmt
Adjusted Net Income	$233,369	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$11,655	CashBOYAmt
Cash EOY	$6,762	CashEOYAmt
Cash EOYFMV	$6,762	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$374,664	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$419,513	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$419,513	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$7,335,628	CorporateStockBOYAmt
Corporate Stock EOY	$5,439,189	CorporateStockEOYAmt
Corporate Stock EOYFMV	$5,439,189	CorporateStockEOYFMVAmt
Other Investments BOY	$252,597	OtherInvestmentsBOYAmt
Other Investments EOY	$91,667	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$91,667	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$7,974,544	TotalAssetsBOYAmt
Total Assets EOY	$5,957,131	TotalAssetsEOYAmt
Total Assets EOYFMV	$5,957,131	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$540	AccountsPayableBOYAmt
Accounts Payable EOY	$2,540	AccountsPayableEOYAmt
Grants Payable BOY	$316,544	GrantsPayableBOYAmt
Grants Payable EOY	$192,858	GrantsPayableEOYAmt
Total Liabilities BOY	$317,084	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$195,398	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$7,657,460	RetainedEarningBOYAmt
Retained Earning EOY	$5,761,733	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$7,657,460	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$5,761,733	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$7,974,544	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$5,957,131	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$7,657,460	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$9,274	ExcessRevenueOverExpensesAmt
Subtotal	$7,666,734	SubtotalAmt
Other Decreases	$1,905,001	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$5,761,733	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$413,928	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$7,805,565	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.053030	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$352,968	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$8,716,280	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.040495	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$344,528	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$7,530,953	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.045748	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$306,248	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$6,330,281	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.048378	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$354,562	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$5,813,347	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.060991	DistributionYr5Rt
Total Distribution	0.248642	TotalDistributionRt
Average Distribution	0.049728	AverageDistributionRt
Net Vl Noncharitable Assets	$7,453,147	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$370,630	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$2,289	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$372,919	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$399,565	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$2,289	InvestmentIncomeExciseTaxAmt
Subtotal	$2,289	SubtotalAmt
Tax Based On Investment Income	$2,289	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$2,540	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$2,540	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$39	EsPenaltyAmt
Overpayment	$212	OverpaymentAmt
Applied To ES Tax	$212	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
Org Report Or Register State	IN	OrgReportOrRegisterStateCd
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	THE ORGANIZATION	IndividualWithBooksNm
Phone	7657472945	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	110 E CHARLES ST	AddressLine1Txt
City	MUNCIE	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	47305	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	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
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
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (10 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
DAVE HEETER
110 E CHARLES ST	MUNCIE	IN	47305	PRESIDENT	1.00	$0	$0	$0
JAIME FAULKNER
110 E CHARLES ST	MUNCIE	IN	47305	VICE PRESIDE	1.00	$0	$0	$0
CHRISTOPHER COOK
110 E CHARLES ST	MUNCIE	IN	47305	TREASURER	1.00	$0	$0	$0
CHRIS CALDWELL
110 E CHARLES ST	MUNCIE	IN	47305	SECRETARY	1.00	$0	$0	$0
MELISSA GREER
110 E CHARLES ST	MUNCIE	IN	47305	SECRETARY	1.00	$0	$0	$0
R DONN ROBERTS
110 E CHARLES ST	MUNCIE	IN	47305	CHAIRMAN	1.00	$0	$0	$0
LINN CRULL
110 E CHARLES ST	MUNCIE	IN	47305	DIRECTOR	1.00	$0	$0	$0
DR SAM ABRAM
110 E CHARLES ST	MUNCIE	IN	47305	DIRECTOR	1.00	$750	$0	$0
SARA SHADE HAMILTON
110 E CHARLES ST	MUNCIE	IN	47305	DIRECTOR	1.00	$1,000	$0	$0
CAROL SEALS
110 E CHARLES ST	MUNCIE	IN	47305	DIRECTOR	1.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$7,440,043	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$119,389	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$7,215	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$7,566,647	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$7,566,647	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$113,500	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$7,453,147	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$372,657	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$372,657	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$2,289	TaxBasedOnInvestmentIncomeAmt
Total Tax	$2,289	TotalTaxAmt
Distributable Before Adj	$370,368	DistributableBeforeAdjAmt
Distributable Before Ded	$370,368	DistributableBeforeDedAmt
Distributable As Adjusted	$370,368	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$399,565	ExpensesAndContributionsAmt
Qualifying Distributions	$399,565	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$2,289	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$397,276	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$370,368	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1	$27,334	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$27,334	TotalExcessDistributionCyovAmt
Qualifying Distributions	$399,565	QualifyingDistributionsAmt
Applied To Current Year	$370,368	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$29,197	RemainingDistriFromCorpusAmt
Total Corpus	$56,531	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$56,531	ExcessDistriCyovToNextYrAmt
Excess From Year1	$27,334	ExcessFromYear1Amt
Excess From Current Year	$29,197	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (33 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2Txt	Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
BALL STATE UNIVERSITY-CARDINAL
COMMITMENT	2000 W UNIVERSITY AVE	MUNCIE	IN	47306	FURTHER EXEMPT PURPOSE OF RECIPIENT	$10,000
BALL STATE UNIVERSITY-MCS
	2000 W UNIVERSITY AVE	MUNCIE	IN	47306	FURTHER EXEMPT PURPOSE OF RECIPIENT	$50,000
HILLCROFT SERVICES
	501 W AIR PARK DR	MUNCIE	IN	47303	FURTHER EXEMPT PURPOSE OF RECIPIENT	$15,000
IVY TECH FOUNDATION
	2820 N MERIDIAN ST	INDIANAPOLIS	IN	46208	FURTHER EXEMPT PURPOSE OF RECIPIENT	$30,000
UWAY- RANDOLPH
	211 S MAIN ST	WINCHESTER	IN	47394	FURTHER EXEMPT PURPOSE OF RECIPIENT	$750
VISION
	4801 W BETHEL	MUNCIE	IN	47304	FURTHER EXEMPT PURPOSE OF RECIPIENT	$30,000
BRIDGES COMMUNITY SERVICES INC
	318 W 8TH ST	MUNCIE	IN	47302	FURTHER EXEMPT PURPOSE OF RECIPIENT	$6,000
COMMUNITY FOUNDATION OF DELAWARE
FUNDERS FORUM	201 E JACKSON ST 100	MUNCIE	IN	47305	FURTHER EXEMPT PURPOSE OF RECIPIENT	$5,000
COMMUNITY ENHANCEMENT PROJECTS INC
	650 W MINNETRISTA BLVD	MUNCIE	IN	47303	FURTHER EXEMPT PURPOSE OF RECEIPIENT	$10,000
EAST CENTRAL INDIANA REGIONAL
PARTNERSHIP	420 S HIGH ST	MUNCIE	IN	47305	FURTHER EXEMPT PURPOSE OF RECIPIENT	$4,000
KAPPA KAPPA KAPPA INC (MARION)
	941 E 86TH ST 103	INDIANAPOLIS	IN	46240	FURTHER EXEMPT PURPOSE OF RECIPIENT	$900
KEDCO
	537 S BUFFALO ST	WARSAW	IN	46580	FURTHER EXEMPT PURPOSE OF RECIPIENT	$2,500
MEALS ON WHEELS OF MUNCIE
	2401 W UNIVERSITY AVE	MUNCIE	IN	47303	FURTHER EXEMPT PURPOSE OF RECIPIENT	$3,980
MUNCIE HABITAT FOR HUMANITY
	1923 S HOYT AVE	MUNCIE	IN	47302	FURTHER EXEMPT PURPOSE OF RECIPIENT	$100,000
MUNCIE HOME OWNERSHIP AND
REVITALIZATION	111 E ADAMS ST	MUNCIE	IN	47305	FURTHER EXEMPT PURPOSE OF RECIPIENT	$5,000
NORTH WEBSTER COMMUNITY LIBRARY
	110 E NORTH ST	NORTH WEBSTER	IN	46555	FURTHER EXEMPT PURPOSE OF RECIPIENT	$10,000
PSI IOTA XI
	3905 VINCENNES RD STE 303	INDIANAPOLIS	IN	46268	FURTHER EXEMPT PURPOSE OF RECIPIENT	$5,000
RANDOLPH COUNTY YMCA
	1521 E WASHINGTON ST	WINCHESTER	IN	47394	FURTHER EXEMPT PURPOSE OF RECIPIENT	$1,200
RED-TAIL LAND CONSERVANCY
	125 E CHARLES ST STE 200	MUNCIE	IN	47305	FURTHER EXEMPT PURPOSE OF RECIPIENT	$4,745
SECOND HARVEST FOOD BANK OF ECI
	6621 OLD STATE RD 3	MUNCIE	IN	47303	FURTHER EXEMPT PURPOSE OF RECEIPIENT	$10,000
SHAFER LEADERSHIP ACADEMY
	1208 W WHITE RIVER BLVD	MUNCIE	IN	47303	FURTHER EXEMPT PURPOSE OF RECIPIENT	$5,000
UNITED FUND OF WABASH
	73 CANAL ST	WABASH	IN	46992	FURTHER EXEMPT PURPOSE OF RECIPIENT	$1,000
URBAN LIGHT CDC
	1400 S MADISON ST	MUNCIE	IN	47302	FURTHER EXEMPT PURPOSE OF RECIPIENT	$10,000
UWAY- DELAWARE
	400 N HIGH ST STE 300	MUNCIE	IN	47305	FURTHER EXEMPT PURPOSE OF RECIPIENT	$43,000
UWAY-CENTRAL INDIANA
	2955 N MERIDIAN ST STE300	INDIANAPOLIS	IN	46208	FURTHER EXEMPT PURPOSE OF RECIPIENT	$500
UWAY- GRANT
	215 S ADAMS ST	MARION	IN	46952	FURTHER EXEMPT PURPOSE OF RECIPIENT	$6,250
UWAY-ALLEN
	334 E BERRY ST	FORT WAYNE	IN	46802	FURTHER EXEMPT PURPOSE OF RECIPIENT	$1,000
UWAY-ELKHART
	601 COUNTY RD 17	ELKHART	IN	46516	FURTHER EXEMPT PURPOSE OF RECIPIENT	$1,500
UWAY-KOSCIUSKO
	119 E CENTER ST A5	WARSAW	IN	46580	FURTHER EXEMPT PURPOSE OF RECIPIENT	$6,250
UWAY - MONROE
	431 S COLLEGE AVE	BLOOMINGTON	IN	47403	FURTHER EXEMPT PURPOSE OF RECIPIENT	$500
UWAY-ST JOES
	3517 E JEFFERSON BLVD	SOUTH BEND	IN	46615	FURTHER EXEMPT PURPOSE OF RECIPIENT	$7,500
UWAY-JOHNSON
	594 IRONWOOD DR	FRANKLIN	IN	46131	FURTHER EXEMPT PURPOSE OF RECIPIENT	$500
WHITELY COMMUNITY COUNCIL
	PO BOX 665	MUNCIE	IN	47308	FURTHER EXEMPT PURPOSE OF RECIPIENT	$5,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$392,075	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
UWAY- DELAWARE
400 N HIGH ST STE 300	MUNCIE	IN	47305	FURTHER EXEMPT PURPOSE OF RECIPIENT	$2,000
UWAY-CENTRAL INDIANA
2955 N MERIDIAN ST STE300	INDIANAPOLIS	IN	46208	FURTHER EXEMPT PURPOSE OF RECIPIENT	$500
UWAY - MONROE
431 S COLLEGE AVE	BLOOMINGTON	IN	47403	FURTHER EXEMPT PURPOSE OF RECIPIENT	$500
UWAY-JOHNSON
594 IRONWOOD DR	FRANKLIN	IN	46131	FURTHER EXEMPT PURPOSE OF RECIPIENT	$500

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$3,500	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$4,834	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$228,535	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$233,369	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$233,369	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 Person	MUTUALBANK	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	110 EAST CHARLES ST	AddressLine1Txt
City	MUNCIE	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	47305	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$50,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT ACCOUNTING FEES	CategoryTxt
Amt	$4,000	Amt
Disbursements Charitable Prps	$4,000	DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt	StockStockNm
$4,910,400	$4,910,400
$528,789	$528,789	WEALTH MANAGEMENT TRUST

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
BANK CDS
ACCRUED INTEREST	$91,667	$91,667

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDesc	AmtAmt
UNREALIZED GAIN/LOSS	$1,896,437
CHANGE IN GRANT COMMITMENTS PAYABLE - GAAP	$8,564

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Net Investment IncomeNetInvestmentIncomeAmt
EXPENSES
INSURANCE	$1,240	$1,240
ADMIN COMPENSATION REIMBURSEM	$2,250	$2,250
TRUST EXPENSE	$4,424		$4,424

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	TAX EXPENSE	CategoryTxt
Amt	$606	Amt

MUTUALBANK CHARITABLE FOUNDATION: Form 990PF, tax year 2019

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (10 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (33 entries)

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (4 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor US Address ContributorUSAddress

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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