Hills Bancorporation Foundatiion

Hills, IA
Tax-exempt since Dec. 1997
EIN: 39-1890766

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$200k (2024)

Expenses

$129k (2024)

Total Assets

$2.54M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$199,596

Expenses

$129,281

Net Income

$70,315

Net Assets

$2,539,091

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$62,949	31.5%
Sales of Assets	$136,647	68.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$123,412	95.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,539,091
Total Liabilities	$0
Net Assets	$2,539,091

Compensation

Key Employees and Officers	Compensation	Other
Dwight O Seegmiller (President)	$0	$0
Brian Globokar (Vice President)	$0	$0
Tony Roetlin (Treasurer)	$0	$0
Lisa Shileny (Secretary)	$0	$0
Willis M Bywater (Director)	$0	$0
Thomas J Gill (Director)	$0	$0
Theodore H Pacha (Director)	$0	$0
Ann M Rhodes (Director)	$0	$0
Ronald E Stutsman (Director)	$0	$0

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990-PF

Filed on Aug. 28, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$116,994

Expenses

$109,150

Net Income

$7,844

Net Assets

$2,378,672

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$47,239	40.4%
Sales of Assets	$69,755	59.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$107,825	98.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,378,672
Total Liabilities	$0
Net Assets	$2,378,672

Compensation

Key Employees and Officers	Compensation	Other
Dwight O Seegmiller (President)	$0	$0
Brian Globokar (Vice President)	$0	$0
Tony Roetlin (Treasurer)	$0	$0
Jason Weeks (Interim Treasurer (Unitl 12/23))	$0	$0
Lisa Shileny (Secretary)	$0	$0
Willis M Bywater (Director)	$0	$0
Thomas J Gill (Director)	$0	$0
Theodore H Pacha (Director)	$0	$0
Ann M Rhodes (Director)	$0	$0
Ronald E Stutsman (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$72,925

Expenses

$122,772

Net Income

-$49,847

Net Assets

$2,103,930

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,172	3.0%
Interest Revenue	$0
Dividends	$43,317	59.4%
Sales of Assets	$27,436	37.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$119,350	97.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,103,930
Total Liabilities	$0
Net Assets	$2,103,930

Compensation

Key Employees and Officers	Compensation	Other
Dwight O Seegmiller (President)	$0	$0
Brian Globokar (Vice President)	$0	$0
Joe Schueller (Treasurer (Until 09/22))	$0	$0
Jason Weeks (Interim Treasurer)	$0	$0
Lisa Shileny (Secretary)	$0	$0
Willis M Bywater (Director)	$0	$0
Thomas J Gill (Director)	$0	$0
Theodore H Pacha (Director)	$0	$0
Ann M Rhodes (Director)	$0	$0
Ronald E Stutsman (Director)	$0	$0

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990-PF

Filed on May 2, 2023

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2021

Revenue

$146,865

Expenses

$102,800

Net Income

$44,065

Net Assets

$2,650,781

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$51,294	34.9%
Sales of Assets	$95,571	65.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$101,550	98.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,650,781
Total Liabilities	$0
Net Assets	$2,650,781

Compensation

Key Employees and Officers	Compensation	Other
Dwight O Seegmiller (President)	$0	$0
Brian Globokar (Vice President)	$0	$0
Joe Schueller (Treasurer Eff. 12/21/21)	$0	$0
Jason Weeks (Treasurer Until 12/21/21)	$0	$0
Lisa Shileny (Secretary)	$0	$0
Willis M Bywater (Director)	$0	$0
Thomas J Gill (Director)	$0	$0
Theodore H Pacha (Director)	$0	$0
Ann M Rhodes (Director)	$0	$0
Ronald E Stutsman (Director)	$0	$0

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990-PF

Filed on June 27, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$96,694

Expenses

$106,300

Net Income

-$9,606

Net Assets

$2,378,486

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$39,802	41.2%
Sales of Assets	$56,892	58.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,050	98.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,378,487
Total Liabilities	$1
Net Assets	$2,378,486

Compensation

Key Employees and Officers	Compensation	Other
Ann M Rhodes (Director)	$0	$0
Dwight O Seegmiller (President)	$0	$0
Willis M Bywater (Director)	$0	$0
Tim Smith (Vice President)	$0	$0
Brian Globokar (Vice President (Eff. Dec 2020))	$0	$0
Ronald E Stutsman (Director)	$0	$0
Jason Weeks (Treasurer (Eff. Dec 2020))	$0	$0
Lisa Shileny (Secretary)	$0	$0
Thomas J Gill (Director)	$0	$0
Shari Demaris (Treasurer (Until Dec 2020))	$0	$0
Brad Zuber (Vice President (Until Dec 2020))	$0	$0

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990-PF

Filed on Sept. 29, 2021

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$93,366

Expenses

$107,878

Net Income

-$14,512

Net Assets

$2,205,794

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$48,196	51.6%
Sales of Assets	$45,170	48.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$102,750	95.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,205,795
Total Liabilities	$1
Net Assets	$2,205,794

Compensation

Key Employees and Officers	Compensation	Other
Ann M Rhodes (Director)	$0	$0
Dwight O Seegmiller (President)	$0	$0
Willis M Bywater (Director)	$0	$0
Tim Smith (Vice President)	$0	$0
Brad Zuber (Vice President)	$0	$0
Ronald E Stutsman (Director)	$0	$0
Shari Demaris (Treasurer)	$0	$0
Lisa Shileny (Secretary)	$0	$0

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990-PF

Filed on March 14, 2020

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$183,130

Expenses

$108,728

Net Income

$74,402

Net Assets

$1,923,829

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$41,442	22.6%
Sales of Assets	$141,688	77.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$101,582	93.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,923,829
Total Liabilities	$0
Net Assets	$1,923,829

Compensation

Key Employees and Officers	Compensation	Other
Ann M Rhodes (Director)	$0	$0
Earlis Rohret (Director)	$0	$0
Dwight O Seegmiller (President)	$0	$0
Willis M Bywater (Director)	$0	$0
Tim Smith (Vice President)	$0	$0
Brad Zuber (Vice President)	$0	$0
Ronald E Stutsman (Director)	$0	$0
Shari Demaris (Treasurer)	$0	$0
Lisa Shileny (Secretary)	$0	$0

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990-PF

Filed on May 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$169,538

Expenses

$90,779

Net Income

$78,759

Net Assets

$2,194,738

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$35,998	21.2%
Sales of Assets	$133,540	78.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$89,475	98.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,194,738
Total Liabilities	$0
Net Assets	$2,194,738

Compensation

Key Employees and Officers	Compensation	Other
Ann M Rhodes (Director)	$0	$0
Earlis Rohret (Director)	$0	$0
Dwight O Seegmiller (President)	$0	$0
Willis M Bywater (Director)	$0	$0
Tim Smith (Vice President)	$0	$0
Brad Zuber (Vice President)	$0	$0
Ronald E Stutsman (Director)	$0	$0
Shari Demaris (Treasurer)	$0	$0
Lisa Shileny (Secretary)	$0	$0

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990-PF

Filed on May 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$90,726

Expenses

$99,699

Net Income

-$8,973

Net Assets

$1,944,434

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$35,696	39.3%
Sales of Assets	$52,469	57.8%
Other Income	$2,561	2.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$98,675	99.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,944,434
Total Liabilities	$0
Net Assets	$1,944,434

Compensation

Key Employees and Officers	Compensation	Other
Dr William H Olin (Director)	$0	$0
Ann M Rhodes (Director)	$0	$0
Earlis Rohret (Director)	$0	$0
Dwight O Seegmiller (President)	$0	$0
Willis M Bywater (Director)	$0	$0
Tim Smith (Vice President)	$0	$0
Brad Zuber (Vice President)	$0	$0
Ronald E Stutsman (Director)	$0	$0
Shari Demaris (Treasurer)	$0	$0
John Benson (Secretary)	$0	$0

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990-PF

Filed on Feb. 21, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$118,088

Expenses

$106,473

Net Income

$11,615

Net Assets

$1,882,595

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$37,103	31.4%
Sales of Assets	$80,985	68.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$96,825	90.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,882,595
Total Liabilities	$0
Net Assets	$1,882,595

Compensation

Key Employees and Officers	Compensation	Other
Dr William H Olin (Director)	$0	$0
Ann M Rhodes (Director)	$0	$0
Earlis Rohret (Director)	$0	$0
Dwight O Seegmiller (President)	$0	$0
Willis M Bywater (Director)	$0	$0
Tim Smith (Vice President)	$0	$0
Brad Zuber (Vice President)	$0	$0
Ronald E Stutsman (Director)	$0	$0
Shari Demaris (Treasurer)	$0	$0
John Benson (Secretary)	$0	$0

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990-PF

Filed on May 10, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$246,201

Expenses

$96,062

Net Income

$150,139

Net Assets

$2,005,254

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$39,471	16.0%
Sales of Assets	$206,730	84.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$93,817	97.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,005,254
Total Liabilities	$0
Net Assets	$2,005,254

Compensation

Key Employees and Officers	Compensation	Other
Dr William H Olin (Director)	$0	$0
Ann M Rhodes (Director)	$0	$0
Earlis Rohret (Director)	$0	$0
Dwight O Seegmiller (President)	$0	$0
Willis M Bywater (Director)	$0	$0
Tim Smith (Vice President)	$0	$0
Brad Zuber (Vice President)	$0	$0
Ronald E Stutsman (Director)	$0	$0
Shari Demaris (Treasurer)	$0	$0
John Benson (Secretary)	$0	$0

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990-PF

Filed on March 25, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$60,096

Expenses

$84,982

Net Income

-$24,886

Net Assets

$1,980,870

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$37,594	62.6%
Sales of Assets	$22,502	37.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$82,818	97.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,980,870
Total Liabilities	$0
Net Assets	$1,980,870

Compensation

Key Employees and Officers	Compensation	Other
Dr William H Olin (Director)	$0	$0
Ann M Rhodes (Director)	$0	$0
Earlis Rohret (Director)	$0	$0
Dwight O Seegmiller (President)	$0	$0
Willis M Bywater (Director)	$0	$0
Tim Smith (Vice President)	$0	$0
Brad Zuber (Vice President)	$0	$0
Ronald E Stutsman (Director)	$0	$0
Shari Demaris (Treasurer)	$0	$0
John Benson (Secretary)	$0	$0

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990-PF

Filed on March 19, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$158,661

Expenses

$72,472

Net Income

$86,189

Net Assets

$1,781,979

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	63.0%
Interest Revenue	$0
Dividends	$38,631	24.3%
Sales of Assets	$20,030	12.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$70,468	97.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,781,980
Total Liabilities	$1
Net Assets	$1,781,979

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$256,025

Expenses

$61,101

Net Income

$194,924

Net Assets

$1,578,500

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	78.1%
Interest Revenue	$0
Dividends	$36,339	14.2%
Sales of Assets	$19,686	7.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$59,500	97.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,578,501
Total Liabilities	$1
Net Assets	$1,578,500

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Hills Bancorporation Foundatiion

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $200k (2024)

Expenses $129k (2024)

Total Assets $2.54M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$200k (2024)

Expenses

$129k (2024)

Total Assets

$2.54M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001