FLOYD H GRANAMAN TR UW FBO OLD THRESHERS FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
FLOYD H GRANAMAN TR UW FBO OLD THRESHERS FOUNDATION (EIN 45-6541472)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-05-14
IRS object ID
201811349349103551
Schema version
2017v2.3
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)
Return2018-05-14T14:15:40-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

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 Begin2017-01-01TaxPeriodBeginDt

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
Signature2018-05-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAY W HENRICHPreparerPersonNm
PTINP01257221PTIN
Phone3197532000PhoneNum
Preparation2018-05-11PreparationDt
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$826,932FMVAssetsEOYAmt
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$13,371InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$12,439InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$13,371InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$14,947DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,947DividendsNetInvstIncmAmt
Dividends Adj Net Incm$14,947DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$31,926NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$100,569GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$31,926CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$108NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$60,244TotalRevAndExpnssAmt
Total Net Invst Incm$59,312TotalNetInvstIncmAmt
Total Adj Net Incm$28,426TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$7,821CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$3,910CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$3,911CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$550AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$275AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$275AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$340TaxesRevAndExpnssAmt
Taxes Net Invst Incm$67TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$4,932OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$4,932OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$13,643TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,184TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,186TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$6,381ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$6,381ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$20,024TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,184TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$10,567TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$40,220ExcessRevenueOverExpensesAmt
Net Investment Income$50,128NetInvestmentIncomeAmt
Adjusted Net Income$28,426AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst EOY$32,853SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$32,853SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$21,285USGovernmentObligationsBOYAmt
US Government Obligations EOY$15,795USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$15,622USGovtObligationsEOYFMVAmt
Corporate Stock BOY$212,670CorporateStockBOYAmt
Corporate Stock EOY$239,345CorporateStockEOYAmt
Corporate Stock EOYFMV$341,616CorporateStockEOYFMVAmt
Corporate Bonds BOY$275,337CorporateBondsBOYAmt
Corporate Bonds EOY$267,187CorporateBondsEOYAmt
Corporate Bonds EOYFMV$268,649CorporateBondsEOYFMVAmt
Other Investments BOY$145,876OtherInvestmentsBOYAmt
Other Investments EOY$138,724OtherInvestmentsEOYAmt
Other Investments EOYFMV$168,192OtherInvestmentsEOYFMVAmt
Total Assets BOY$655,168TotalAssetsBOYAmt
Total Assets EOY$693,904TotalAssetsEOYAmt
Total Assets EOYFMV$826,932TotalAssetsEOYFMVAmt
Other Liabilities BOY$1,484OtherLiabilitiesBOYAmt
Total Liabilities BOY$1,484TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$653,684RetainedEarningBOYAmt
Retained Earning EOY$693,904RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$653,684TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$693,904TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$655,168TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$693,904TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$653,684TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$40,220ExcessRevenueOverExpensesAmt
Subtotal$693,904SubtotalAmt
Tot Net Ast Or Fund Balances EOY$693,904TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
NET STCGP2016-11-092017-02-02$5,700$5,592$108$108
NET LTCGP2012-12-122017-10-02$84,859$63,051$21,808$21,808
REYNOLD AMP2012-12-122017-07-26$10,010$10,010$10,010
FieldValueIRS element (for citing)
Capital Gain Net Income$31,926CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$108NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$67,741AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$754,178NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.089821DistributionYr1Rt
Adjusted Qlfy Distri Yr2$56,213AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$688,007NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.081704DistributionYr2Rt
Adjusted Qlfy Distri Yr3$14,451AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$723,916NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.019962DistributionYr3Rt
Adjusted Qlfy Distri Yr4$12,959AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$771,211NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.016803DistributionYr4Rt
Total Distribution0.208290TotalDistributionRt
Average Distribution0.052073AverageDistributionRt
Net Vl Noncharitable Assets$775,570NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$40,386AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$501NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$40,887AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$10,567QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,003InvestmentIncomeExciseTaxAmt
Subtotal$1,003SubtotalAmt
Tax Based On Investment Income$1,003TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$6EsPenaltyAmt
Tax Due$1,009TaxDueAmt

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 PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12016UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
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

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$7,821CompensationAmt
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$763,674AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$23,707AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$787,381TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$787,381AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,811CashDeemedCharitableAmt
Net Vl Noncharitable Assets$775,570NetVlNoncharitableAssetsAmt
Minimum Investment Return$38,779MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$38,779MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,003TaxBasedOnInvestmentIncomeAmt
Total Tax$1,003TotalTaxAmt
Distributable Before Adj$37,776DistributableBeforeAdjAmt
Distributable Before Ded$37,776DistributableBeforeDedAmt
Distributable As Adjusted$37,776DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$10,567ExpensesAndContributionsAmt
Qualifying Distributions$10,567QualifyingDistributionsAmt
Adjusted Qualifying Distri$10,567AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$37,776DistributableAsAdjustedAmt
Undistributed Income PY$29,555UndistributedIncomePYAmt
Qualifying Distributions$10,567QualifyingDistributionsAmt
Applied To Year1$10,567AppliedToYear1Amt
Taxable2$18,988Taxable2Amt
Undistributed Income CY$37,776UndistributedIncomeCYAmt

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$6,381Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$6,381TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13,371ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$14,947ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$31,926ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$60,244ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$60,244TotalIncomeProducingActyAmt

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$550Amt
Net Investment Income$275NetInvestmentIncomeAmt
Disbursements Charitable Prps$275DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondCORPORATE BONDSBondNm
EOY Book Value$267,187EOYBookValueAmt
EOYFMV$268,649EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCORPORATE STOCKStockNm
EOY Book Value$239,345EOYBookValueAmt
EOYFMV$341,616EOYFMVAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
State Local Sec Book Vl EOY$15,795StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV$15,622StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMUTUAL FUNDSCategoryOrItemTxt
Book Value$138,724BookValueAmt
EOYFMV$168,192EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
PRIOR & FOLLOWING YEAR ADJUST$319$319
BOND AMORTIZATION$4,613$4,613

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescBANK OVERDRAFTDesc
BOY Book Value$1,484BOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX$67$67
990PF TAX$273

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