Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 04-01-2020 , and ending 03-31-2021
Name of foundation
IOWA PEO PROJECT FUND INC
 
Number and street (or P.O. box number if mail is not delivered to street address)2879 WAYLAND ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, IA52353
A Employer identification number

42-0722695
B Telephone number (see instructions)

(319) 461-7849
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$4,161,587J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 156,837
2 Check bullet.............
3 Interest on savings and temporary cash investments 4 4  
4 Dividends and interest from securities... 128,949 128,949  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 219,024
b Gross sales price for all assets on line 6a 1,177,596
7 Capital gain net income (from Part IV, line 2)... 219,024
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 504,814 347,977 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,800 0 0 4,800
c Other professional fees (attach schedule).... Click to see attachment 5,100 2,550 0 2,550
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 920 0 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,476 0 0 1,476
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 12,296 2,550 0 8,826
25 Contributions, gifts, grants paid....... 492,064 492,064
26 Total expenses and disbursements. Add lines 24 and 25 504,360 2,550 0 500,890
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 454
b Net investment income (if negative, enter -0-) 345,427
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 19,384 1,019 1,019
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,134,840 Click to see attachment4,160,568 4,160,568
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,154,224 4,161,587 4,161,587
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 3,154,224 4,161,587
29 Total net assets or fund balances (see instructions)..... 3,154,224 4,161,587
30 Total liabilities and net assets/fund balances (see instructions). 3,154,224 4,161,587
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,154,224
2
Enter amount from Part I, line 27a .....................
2
454
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,006,909
4
Add lines 1, 2, and 3 ..........................
4
4,161,587
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,161,587
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a MUTUAL FUNDS P 2020-03-31 2021-03-31
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,177,596   958,572 219,024
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       219,024
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 219,024
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 0
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 4,801
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 4,801
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,801
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,632
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,632
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 6
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,175
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.PEOIOWA.ORG
    14
    The books are in care ofbulletMINDI REES Telephone no.bullet (319) 461-7849

    Located atbullet2879 WAYLAND ROADWASHINGTONIA ZIP+4bullet52353
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
    Yes
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PAM SCHULZ PRESIDENT
    1.00     		0 0 0
    865 CREEKBEND CIRCLE
    MARION,IA52302
    JILL MORTENSON VICE PRESIDENT
    1.00     		0 0 0
    5313 CARAWAY LANE 222
    CEDAR FALLS,IA50613
    MARY FORRISTAL TREASURER
    1.00     		0 0 0
    602 MINNESOTA STREET
    HOLSTEIN,IA51025
    JOANNE TIGGES SECRETARY
    1.00     		0 0 0
    3625 JOHNSTON WAY NE
    NORTH LIBERTY,IA52317
    MARY FUNK MEMBER
    1.00     		0 0 0
    14143 LAKVIEW DRIVE
    CLIVE,IA50325
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 GRANTS PAID TO 132 NEEDY INDIVIDUALS. 377,064
    2 FUNDING TO COTTEY COLLEGE FOR THEIR SCHOLARSHIP FUND. 115,000
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,647,704
    b
    Average of monthly cash balances.......................
    1b
    4,908
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,652,612
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    3,652,612
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    54,789
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,597,823
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    179,891
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    179,891
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    4,801
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,801
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    175,090
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    175,090
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    175,090
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    500,890
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    500,890
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    500,890
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 175,090
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 111,661
    b From 2016...... 187,040
    c From 2017...... 196,273
    d From 2018...... 342,784
    e From 2019...... 498,474
    fTotal of lines 3a through e........ 1,336,232
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 500,890
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 175,090
    e Remaining amount distributed out of corpus 325,800
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,662,032
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		111,661
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,550,371
    10 Analysis of line 9:
    a Excess from 2016.... 187,040
    b Excess from 2017.... 196,273
    c Excess from 2018.... 342,784
    d Excess from 2019.... 498,474
    e Excess from 2020.... 325,800
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    PAM SCHULZ
    865 CREEKBEND CIRCLE
    MARION,IA52302
    (319) 270-3255
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION, INCLUDING A DETAILED EXPLANATION OF HOW THE FUNDS WILL BE USED, AND A FINANCIAL STATEMENT TO ESTABLISH NEED FOR ASSISTANCE.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    IOWA RESIDENTS ONLY.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    COTTEY COLLEGE
    1000 WEST AUSTIN BOULEVARD
    NEVADA,IA64772     		NONE PC SCHOLARSHIPS 115,000
    ALIZE JOHNSON
    832 NORTH 5TH STREET
    BURLINGTON,IA52601     		NONE I GRANT 500
    HANNA MARCUS
    9490 NE 42ND PLACE
    ALTOONA,IA50009     		NONE I GRANT 500
    MOLLY TIMMERMAN
    10027 KEY WEST DRIVE
    DUBUQUE,IA52003     		NONE I GRANT 500
    RACHEL SCHNACK
    2458 - 220TH AVENUE
    GRAND MOUND,IA52751     		NONE I GRANT 500
    SAYDE ALEXANDRESCU
    1908 4TH AVENUE SE
    CEDAR RAPIDS,IA52403     		NONE I GRANT 500
    ABIGAIL VAUGHAN
    3406 SE 18TH COURT
    DES MOINES,IA50320     		NONE I GRANT 1,000
    MEGAN MANGO
    712 WINTERBERRY PLACE NE
    CEDAR RAPIDS,IA52402     		NONE I GRANT 1,000
    ATHENA WHITESIDE
    1723 HAWTHORNE AVENUE
    WATERLOO,IA50701     		NONE I GRANT 1,667
    CYNTHIA LARSON
    106 LEANDER STREET 46
    ALTA,IA51002     		NONE I GRANT 1,000
    AMBER SMITH
    15 3RD STREET NORTH
    HUMBOLDT,IA50548     		NONE I GRANT 1,500
    GRACE STEPHAN
    3214 CRESTLINE DRIVE
    DAVENPORT,IA52803     		NONE I GRANT 750
    STEVE LAHEY
    4407 SW SOMERSBY BOULEVARD
    ANKENY,IA50023     		NONE I GRANT 1,500
    LAUREN JONES
    2743 VENTURA DRIVE APARTMENT 5
    DUBUQUE,IA52001     		NONE I GRANT 750
    FNU SHANAZ
    5901 ELMORE AVENUE
    DAVENPORT,IA52807     		NONE I GRANT 1,250
    AMY BURMAN
    1956 CARAS ROAD
    WATERLOO,IA50701     		NONE I GRANT 1,000
    SHARI MCHENRY
    1102 RIPLEY STREET
    DAVENPORT,IA52803     		NONE I GRANT 2,000
    KRISTIN RESPASS
    1900 CEDAR STREET F-106
    NORWALK,IA50211     		NONE I GRANT 1,000
    COREY SEBETKA
    563 PACIFIC AVENUE
    AUDUBON,IA50025     		NONE I GRANT 495
    NICOLE ORNELAS
    1332 GARNET STREET
    BURLINGTON,IA52601     		NONE I GRANT 1,408
    SHELLI FOX
    307 SOUTH PINE STREET
    CRESTON,IA50801     		NONE I GRANT 1,000
    JACOB TRIERWEILER
    504 6TH STREET
    BATTLE CREEK,IA51006     		NONE I GRANT 1,000
    JACKIE AKERS
    320 NORTH COMMERCIAL
    CARSON,IA51525     		NONE I GRANT 1,000
    AMY HILL
    4 WEST MAIN STREET
    TREYNOR,IA51575     		NONE I GRANT 1,300
    KIM VAN WERT
    2216 LINCOLN STREET 40
    CEDAR FALLS,IA50613     		NONE I GRANT 1,000
    KARA HUSS
    170 WEST 11TH
    DUBUQUE,IA52001     		NONE I GRANT 1,250
    LAURA LAMB
    2801 HIGHWAY 6E LOT 1
    IOWA CITY,IA52240     		NONE I GRANT 1,750
    LESLIE POFF
    2725 SAINT FRANCIS DRIVE APARTMENT
    1
    WATERLOO,IA50702     		NONE I GRANT 3,000
    JESSI FOSTER
    722 4TH STREET 5
    NEVADA,IA50201     		NONE I GRANT 3,650
    JODI PAYNE
    1034 WEST 6TH STREET
    WATERLOO,IA50701     		NONE I GRANT 3,000
    STEPHANIE ANDERSON
    712 STROUD STREET
    WHITING,IA51063     		NONE I GRANT 500
    MINDY SMITH
    2599 SALINA ROAD
    FAIRFIELD,IA52556     		NONE I GRANT 1,000
    CINDABETH MORGAN
    505 EAST ADAMS
    MT AYR,IA50854     		NONE I GRANT 974
    KATHLEEN FELTON
    617 2ND AVENUE NW
    CASCADE,IA52033     		NONE I GRANT 2,494
    ANGELIQUE MARTIN
    2400 HICKMAN ROAD
    DES MOINES,IA50310     		NONE I GRANT 3,750
    HANNAH GNANN
    1659 345TH AVENUE
    WEVER,IA52658     		NONE I GRANT 2,000
    ERICA ROBERTSON
    1114 JONES STREET
    LECLAIRE,IA52753     		NONE I GRANT 4,167
    ALESHA BAHR
    PO BOX 188
    CHARITON,IA50049     		NONE I GRANT 4,000
    LYNN WINGO
    303 1/2 3RD STREET NW
    WAVERLY,IA50677     		NONE I GRANT 2,500
    EMILY ROLING
    30194 HIGHWAY 52
    BELLEVUE,IA52031     		NONE I GRANT 3,570
    MAKAYLA STAIR
    3383 MAIN STREET
    KEOKUK,IA52632     		NONE I GRANT 1,500
    TESHA FRITZ
    108 NORTH LOCUST STREET
    GLENWOOD,IA51534     		NONE I GRANT 3,500
    MADELINE FINCH
    804 EAST CHERRY PLACE
    MT PLEASANT,IA52641     		NONE I GRANT 2,500
    AMY WOOD
    123 EAST WILLOW STREET
    CLARINDA,IA51632     		NONE I GRANT 4,000
    EMILY ALBERHASKY
    1211 NE WINDSOR DRIVE 107
    ANKENY,IA50222     		NONE I GRANT 3,000
    AMY MILLER
    103 2ND AVENUE
    AUDUBON,IA50025     		NONE I GRANT 4,000
    PENNY VAN ERT
    1610 ROOSEVELT DRIVE
    ATLANTIC,IA50022     		NONE I GRANT 4,000
    MARY WOLVERTON
    910 7TH STREET APARTMENT 234
    CEDAR RAPIDS,IA52401     		NONE I GRANT 2,400
    LAURA CERVANTES
    910 9TH STREET
    HAWARDEN,IA51023     		NONE I GRANT 5,000
    BREE BEDFORD
    2811 EAST 14TH STREET
    DES MOINES,IA50316     		NONE I GRANT 5,000
    LESA FISHBURN
    714 1ST AVENUE SE
    CLARION,IA50525     		NONE I GRANT 5,000
    LISA HINTZMAN
    1389 GARDEN AVENUE
    CEDAR FALLS,IA50613     		NONE I GRANT 4,500
    JAMES LUCAS
    1361 260TH STREET
    NODAWAY,IA50857     		NONE I GRANT 5,000
    MEGAN ORR
    810 WEST MARION STREET
    KNOXVILLE,IA50138     		NONE I GRANT 5,000
    CONNIE ARGO
    210 EAST JEFFERSON STREET
    CORYDON,IA50060     		NONE I GRANT 1,500
    VITALINE DURAND
    317 SOUTH 8TH STREET APARTMENT 6
    FORT DODGE,IA50501     		NONE I GRANT 5,000
    KATHRYN STRUSS
    308 ELM STREET
    ALBERT CITY,IA50510     		NONE I GRANT 1,000
    CHAD OWENS
    710 WEST MAIN STREET
    CHEROKEE,IA51012     		NONE I GRANT 5,000
    CATHLEEN WATTERS
    700 NW LINDEN STREET
    ANKENY,IA50023     		NONE I GRANT 2,500
    ALECIA REGENNITTER
    207 NORTH LOCUST
    MARCUS,IA51035     		NONE I GRANT 3,000
    DOMINIC SEXTON
    3269 260TH STREET
    VILLISCA,IA50864     		NONE I GRANT 5,000
    KORI BOLL
    612 PEACH STREET
    DANBURY,IA51019     		NONE I GRANT 2,500
    KELLI HINRICHS
    503 EAST 25TH STREET S
    NEWTON,IA50208     		NONE I GRANT 2,500
    MARY HOLTZEN
    2909 SUMMIT
    SIOUX CITY,IA51104     		NONE I GRANT 5,000
    NICOLE HOSKINSON
    1501 SUSAN AVENUE
    CHEROKEE,IA51012     		NONE I GRANT 5,000
    JESSE HARE
    3400 TRANSIT AVENUE
    SIOUX CITY,IA51106     		NONE I GRANT 3,700
    ASHLEY WILL
    105 5TH STREET NW
    MASON CITY,IA50401     		NONE I GRANT 1,742
    JONATHAN THOMSA
    2520 MULBERRY AVENUE
    MUSCATINE,IA52761     		NONE I GRANT 4,000
    MEGGAN CRAMPTON
    1566 AUBURN STREET
    DUBUQUE,IA52001     		NONE I GRANT 4,500
    ERIKA HEMPSTED
    217 EAST TERRACE DRIVE
    CENTER POINT,IA52213     		NONE I GRANT 4,000
    TAYLOR NIELSEN
    2353 JAY AVENUE
    HAMLIN,IA50117     		NONE I GRANT 4,500
    SHAWNA BROOKS
    2508 KNOLLWAY DRIVE
    MARSHALLTOWN,IA50158     		NONE I GRANT 4,500
    MADISON HAGEDORN
    200 EAST DIVISION STREET NORTH
    AUDUBON,IA50025     		NONE I GRANT 5,000
    KARA CURRY
    719 5TH STREET NE
    CLARION,IA50525     		NONE I GRANT 4,000
    CAITLIN RICE
    6000 NW 62ND AVENUE 236
    JOHNSTON,IA50131     		NONE I GRANT 750
    DANA MORRISON
    1903 EAST BELL AVENUE
    DES MOINES,IA50320     		NONE I GRANT 5,000
    ZACHARY FISHER
    710 ANDERSON STREET
    MANCHESTER,IA52057     		NONE I GRANT 3,750
    ALEXIS WILLEY
    1937 WASHINGTON STREET APARTMENT 16
    DAVENPORT,IA52804     		NONE I GRANT 5,000
    AMANDA MEDRANO
    1004 SOUTH 12TH AVENUE
    WASHINGTON,IA52353     		NONE I GRANT 4,750
    MIKALA SIDNEY
    100 WARTBURG BOULEVARD
    WAVERLY,IA50677     		NONE I GRANT 4,000
    CHERRIE SPURLIN
    789 RALIEGH LANE
    MARION,IA52302     		NONE I GRANT 2,500
    EMILY EDWARDS
    1124 42ND STREET
    WEST DES MOINES,IA50266     		NONE I GRANT 2,500
    BROOKE DEAN
    316 11TH STREET NW
    CEDAR RAPIDS,IA52405     		NONE I GRANT 2,500
    JASLYN RIHERD
    2635 6TH STREET
    MARION,IA52302     		NONE I GRANT 2,500
    ASHLEY MASMAR
    103 WEST 6TH STREET
    ATLANTIC,IA50022     		NONE I GRANT 1,000
    LESLEE LOFFER
    1716 D AVENUE NE APARTMENT C6
    CEDAR RAPIDS,IA52402     		NONE I GRANT 3,960
    MCKENZIE KIGER
    126 WEST ANTHONY STREET
    CARROLL,IA51401     		NONE I GRANT 2,500
    CARLY WILLIAMSON
    414 EAST DIVISION STREET
    AUDUBON,IA50025     		NONE I GRANT 2,500
    REBECCA EILERS
    426 WALKER STREET APARTMENT 102
    WOODBINE,IA51579     		NONE I GRANT 5,000
    DYLANN CABAN
    640 SOUTH 6TH STREET
    BURLINGTON,IA52601     		NONE I GRANT 2,500
    NICOLE SAVAGE
    6431 HIGHWAY F48 WEST
    NEWTON,IA50208     		NONE I GRANT 2,500
    RUBY HONEY
    405 WEST BROADWAY 701
    COUNCIL BLUFFS,IA51503     		NONE I GRANT 5,000
    ANGEL ASKREN
    680 GROVE AVENUE
    GARNER,IA50438     		NONE I GRANT 4,350
    NIKKI GROTE
    929 41ST
    DES MOINES,IA50312     		NONE I GRANT 5,000
    TRISHA DEROCHIE
    1101 CECILIA STREET
    SIOUX CITY,IA51105     		NONE I GRANT 5,000
    KRISTIN FAST
    1223 ADAMS STREET
    NODAWAY,IA50857     		NONE I GRANT 4,000
    DEBRA HINSHAW
    619 WASHINGTON STREET
    VICTOR,IA52347     		NONE I GRANT 5,000
    KATELYN RADER
    23 19TH STREET SE
    MASON CITY,IA50401     		NONE I GRANT 2,000
    KEN ALLEN
    209 2ND AVE SW
    POCAHONTAS,IA50574     		NONE I GRANT 5,000
    MELANIE PULLEN
    122 ALBERS STREET
    HOLSTEN,IA51025     		NONE I GRANT 2,500
    ELIZABETH SMITH
    504 EAST DIVISION STREET
    AUDUBON,IA50025     		NONE I GRANT 1,250
    SARAH LANCASTER
    407 G AVENUE 4
    NEVADA,IA50201     		NONE I GRANT 2,500
    MANDY O'SULLIVAN
    1317 2ND STREET SW
    CEDAR RAPIDS,IA52404     		NONE I GRANT 1,500
    ELIZABETH BRITTAIN
    811 EAST DIVISION
    AUDUBON,IA50025     		NONE I GRANT 2,500
    ELIZABETH AUSTIN
    7 ALLEYNE DRIVE
    MUSCATINE,IA52761     		NONE I GRANT 1,410
    MICHELLE REINHARDT
    311 MAIN STREET
    MASSENA,IA50853     		NONE I GRANT 5,000
    REINA NORIEGA
    3005 WOODLAND AVENUE APARTMENT 33
    DES MOINES,IA50312     		NONE I GRANT 5,000
    LYNN KNUDSEN
    3801 THORNWOOD CIRCLE
    WEST DES MOINES,IA50265     		NONE I GRANT 5,000
    KEITH JOHNSON
    514 RHOMBERG
    DUBUQUE,IA52001     		NONE I GRANT 2,300
    RACHEL REEVES
    110 WEST HIGHWAY APT 2
    ALTA,IA51002     		NONE I GRANT 5,000
    JOSIE MEIER
    605 SOUTH PRAIRIE STREET
    SHELL ROCK,IA50670     		NONE I GRANT 1,667
    TEMPRANCE BONNER
    2300 PRAIRIE VIEW WEST UNIT 202
    AMES,IA50010     		NONE I GRANT 2,500
    BYRON NORTH
    21784 210TH STREET
    HOLLAND,IA50642     		NONE I GRANT 5,000
    REGINA STOLL
    532 MAY AVENUE
    BURLINGTON,IA52601     		NONE I GRANT 2,175
    VICKIE NEWSON
    1429 SOUTH LEEBRICK STREET
    BURLINGTON,IA52601     		NONE I GRANT 5,000
    BRIAN TURNER
    207 SOUTH KEARNEY STREET
    OAKLAND,IA51560     		NONE I GRANT 5,000
    KRISTINA BARELA
    2431 EAST 36TH COURT
    DES MOINES,IA50317     		NONE I GRANT 5,000
    SANDY AGNEW
    113 GREEN BRIER
    BURLINGTON,IA52601     		NONE I GRANT 4,000
    CHRISTINA HEAGEL
    1220 SOUTH FEDERAL AVENUE
    MASON CITY,IA50401     		NONE I GRANT 5,000
    SADIE JOHNSON
    1503 SOUTH CLINTON
    SIOUX CITY,IA51106     		NONE I GRANT 1,000
    PETER QUACKENBUSH
    2033 FOREST DRIVE SE
    CEDAR RAPIDS,IA52403     		NONE I GRANT 5,000
    ADRIENNE HARTIG
    601 ORCHARD HILLS DRIVE UNIT 5012
    NORWALK,IA50211     		NONE I GRANT 2,000
    ANGELA MIKAKOVICH
    408 NORTH CEDAR STREET
    JEFFERSON,IA50129     		NONE I GRANT 3,000
    DANIELLE GUTOWSKI
    14876 WASHINGTON DRIVE
    WEST BURLINGTON,IA52655     		NONE I GRANT 2,500
    ESPERANCE NYANDUHURA
    7222 HILLANDALE ROAD 5
    DAVENPORT,IA52806     		NONE I GRANT 5,000
    JAYDE HEITMEIER
    2333 1/2 SOUTH 4TH STREET
    BURLINGTON,IA52601     		NONE I GRANT 2,000
    MCKAYLA MUNIZ
    410 NORTH 7TH STREET 7
    KNOXVILLE,IA50138     		NONE I GRANT 1,285
    JAMIE GUY
    1202 4TH AVENUE
    IOWA CITY,IA52240     		NONE I GRANT 1,250
    CYNTHIA GALBRAITH
    801 NORTH 3RD
    EDDYVILLE,IA52553     		NONE I GRANT 2,250
    BRETT MARCUM
    420 NORTH 2ND AVENUE
    LOGAN,IA51546     		NONE I GRANT 2,000
    SUZY FENTRESS
    4708 STEINBECK STREET 107
    AMES,IA50014     		NONE I GRANT 450
    MICHAEL SUSAN LOWE
    398 BARTLETT STREET
    MUSCATINE,IA52761     		NONE I GRANT 1,400
    Total .................................bullet 3a 492,064
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 4  
    4 Dividends and interest from securities....     14 128,949  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 219,024  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 347,977 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    347,977
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    IOWA PEO PROJECT FUND INC
     
    Employer identification number

    42-0722695
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    IOWA PEO PROJECT FUND INC
          		Employer identification number
    42-0722695
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    IOWA STATE CHAPTER PEO SISTERHOOD
     
    3700 GRAND AVENUE
     
    DES MOINES, IA50312

    		$ 150,341


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    IOWA PEO PROJECT FUND INC
          		Employer identification number

    42-0722695
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    IOWA PEO PROJECT FUND INC
          		Employer identification number

    42-0722695
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    IOWA PEO PROJECT FUND INC
    EIN:
    42-0722695
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,800 0 0 4,800

    TY 2020 InvestmentsOtherSchedule2
    Name:
    IOWA PEO PROJECT FUND INC
    EIN:
    42-0722695
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS FMV 4,160,568 4,160,568

    TY 2020 OtherExpensesSchedule
    Name:
    IOWA PEO PROJECT FUND INC
    EIN:
    42-0722695
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE SUPPLIES 866 0 0 866
    POSTAGE 385 0 0 385
    INSURANCE 200 0 0 200
    TELEPHONE 25 0 0 25


    TY 2020 OtherIncreasesSchedule
    Name:
    IOWA PEO PROJECT FUND INC
    EIN:
    42-0722695
    Description Amount
    CHANGE IN UNREALIZED GAINS 1,006,909


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    IOWA PEO PROJECT FUND INC
    EIN:
    42-0722695
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT AND TAX SERVICES 5,100 2,550 0 2,550


    TY 2020 TaxesSchedule
    Name:
    IOWA PEO PROJECT FUND INC
    EIN:
    42-0722695
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 920 0 0 0