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 01-01-2020 , and ending 12-31-2020
Name of foundation
INTERSTATES FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 260
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SIOUX CENTER, IA51250
A Employer identification number

42-1480887
B Telephone number (see instructions)

(712) 722-1662
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$3,653,953J 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) 200,395
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 52,669 52,669  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 49,353
b Gross sales price for all assets on line 6a 139,451
7 Capital gain net income (from Part IV, line 2)... 49,353
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........ 302,417 102,022 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 4,790 0 0 4,790
c Other professional fees (attach schedule).... Click to see attachment 13,620 13,620 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,652 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).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 26,062 13,620 0 4,790
25 Contributions, gifts, grants paid....... 134,751 131,720
26 Total expenses and disbursements. Add lines 24 and 25 160,813 13,620 0 136,510
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 141,604
b Net investment income (if negative, enter -0-) 88,402
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............. 7,593 171,294 171,294
2 Savings and temporary cash investments.........      
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)....... 1,740,581 Click to see attachment1,744,102 2,507,201
c Investments—corporate bonds (attach schedule)....... 335,569 Click to see attachment317,737 322,404
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 628,231 Click to see attachment621,445 653,054
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) 2,711,974 2,854,578 3,653,953
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 2,711,974 2,854,578
29 Total net assets or fund balances (see instructions)..... 2,711,974 2,854,578
30 Total liabilities and net assets/fund balances (see instructions). 2,711,974 2,854,578
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
2,711,974
2
Enter amount from Part I, line 27a .....................
2
141,604
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,000
4
Add lines 1, 2, and 3 ..........................
4
2,854,578
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
2,854,578
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 AMERICAN CAPITAL INC P 2005-06-10 2020-12-15
b FIDELITY LARGE CAP P 2019-11-29 2020-12-15
c CAPITAL GAIN DISTRIBUTIONS P    
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 55,000   52,968 2,032
b 50,000   37,130 12,870
c 34,451     34,451
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       2,032
b       12,870
c       34,451
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 49,353
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  
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 1,229
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 1,229
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 1,229
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 4,600
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,450
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,050
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 6,821
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet6,821 RefundedBullet 11 0
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 addressbulletN/A
    14
    The books are in care ofbulletJOEL VAN EGDOM Telephone no.bullet (712) 722-1662

    Located atbulletPO BOX 260SIOUX CENTERIA ZIP+4bullet51250
    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
    Yes
     
    ........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). Click to see attachment
    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
    SCOTT PETERSON CHAIRMAN OF THE BOARD
    0.01     		0 0 0
    PO BOX 260
    SIOUX CENTER,IA51250
    CATHERINE BLOOM CFO/TREASURER
    0.50     		0 0 0
    PO BOX 260
    SIOUX CENTER,IA51250
    KRISTI SEGAR SECRETARY
    0.01     		0 0 0
    PO BOX 260
    SIOUX CENTER,IA51250
    NANCY FRANKEN DIRECTOR
    0.03     		0 0 0
    PO BOX 260
    SIOUX CENTER,IA51250
    LARRY DEN HERDER DIRECTOR
    0.03     		0 0 0
    PO BOX 260
    SIOUX CENTER,IA51250
    ERIC OORDT DIRECTOR
    0.25     		0 0 0
    PO BOX 260
    SIOUX CENTER,IA51250
    DENIELLE ETRHEIM DIRECTOR
    0.03     		0 0 0
    PO BOX 260
    SIOUX CENTER,IA51250
    LISA JOHNSON DIRECTOR
    0.03     		0 0 0
    PO BOX 260
    SIOUX CENTER,IA51250
    ERICA ROTH DIRECTOR
    0.03     		0 0 0
    PO BOX 260
    SIOUX CENTER,IA51250
    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  
    2  
    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
    3,044,326
    b
    Average of monthly cash balances.......................
    1b
    34,633
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,078,959
    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
    3,078,959
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    46,184
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,032,775
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    151,639
    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
    151,639
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,229
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,229
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    150,410
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    150,410
    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
    150,410
    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
    136,510
    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
    136,510
    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
    136,510
    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 7 150,410
    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...... 29,955
    b From 2016......  
    c From 2017...... 67,888
    d From 2018...... 1,348
    e From 2019......  
    fTotal of lines 3a through e........ 99,191
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 136,510
    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..... 136,510
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 13,900 13,900
    (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 85,291
    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) ...     		16,055
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		69,236
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 67,888
    c Excess from 2018.... 1,348
    d Excess from 2019....  
    e Excess from 2020....  
    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).)
    SCOTT PETERSON
    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:
    MERRILY ALJETS
    PO BOX 2604701 W RESEARCH DRIVE
    SIOUX FALLS,SD57107
    (605) 930-4137
    MERRILY.ALJETS@INTERSTATES.COM
    bThe form in which applications should be submitted and information and materials they should include:
    INTERSTATES FOUNDATION SCHOLARSHIP APPLICATION FORM SHOULD BE USED. THE INFORMATION SUPPLIED IS THE NAME, ADDRESS, PHONE NUMBER, AND E-MAIL ADDRESS. IN ADDITION, THE FOLLOWING ITEMS SHOULD ALSO BE INCLUDED: 1. LETTER FROM SPECIFIED EDUCATIONAL INSTITUTION STATING THAT YOU HAVE BEEN OR WILL BE ADMITTED 2. LETTER OF RECOMMENDATION FROM AN EDUCATOR OR OTHER SUPERIOR WHO IS FAMILIAR WITH YOUR QUALIFICATIONS 3. ESSAY: PLEASE TELL US A LITTLE ABOUT YOURSELF AND WHAT YOUR GOALS ARE, AS WELL AS WHY YOU FEEL YOU SHOULD BE SELECTED FOR THIS SCHOLARSHIP.
    cAny submission deadlines:
    MARCH 31, 2020
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    1. MUST BE A DEPENDENT (CHILD) OF A CURRENT INTERSTATES OR HARBOR GROUP EMPLOYEE. 2. MUST BE ACCEPTED TO A 2 OR 4-YEAR COLLEGE COMPLETING AN ASSOCIATE OR BACHELOR DEGREE. 3. PREVIOUS RECIPIENTS OF THIS SCHOLARSHIP ARE NOT ELIGIBLE.
    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
    ABERDEEN AREA BOYS AND GIRLS CLUB
    1121 1ST AVE SE
    ABERDEEN,SD57401     		NONE PC DAY TO DAY OPERATING EXPENSES OF THE CLUB 500
    ALEKSA VANDE HOEF
    1520 N MAIN
    SIOUX CITY,IA51250     		EMPLOYEE DAUGHTER I SCHOLARSHIP 1,000
    AMERICAN RED CROSS
    431 18TH STREET NW
    WASHINGTON,DC20006     		NONE PC DONATION 1,000
    BOY SCOUTS OF AMERICA
    12401 WEST MAPLE ROAD
    OMAHA,NE68164     		NONE PC INVESTMENT IN CHARACTER 1,500
    CALEB ROZEBOOM
    1520 N MAIN
    SIOUX CENTER,IA51250     		EMPLOYEE SON I SCHOLARSHIP 1,000
    CENTER FOR FINANCIAL EDUCATION
    1913 S MAIN
    SIOUX CENTER,IA51250     		NONE PC FOOD DISTRIBUTION SUPPORT 2,550
    CHILDREN'S HOME SOCIETY
    409 N WESTERN AVE
    SIOUX FALLS,SD57104     		NONE PC CHILDREN'S HOME SOCIETY 2,000
    CLAIRE KREDIT
    1520 N MAIN
    SIOUX CENTER,IA51250     		EMPLOYEE DAUGHTER I SCHOLARSHIP 1,000
    DORDT UNIVERSITY
    498 4TH AVE NE
    SIOUX CENTER,IA51250     		NONE PC SCHOLARSHIP FUND 27,000
    EMILY KOKALES
    1520 N MAIN
    SIOUX CENTER,IA51250     		EMPLOYEE DAUGHTER I SCHOLARSHIP 1,000
    FAMILY CRISIS CENTER
    PO BOX 295
    SIOUX CENTER,IA51250     		NONE PC RESTORE HOPE, SAFETY AND FREEDOM FROM VIOLENCE 195
    FEEDING SOUTH DAKOTA
    4701 N WESTPORT AVE
    SIOUX FALLS,SD57107     		NONE PC FOOD FOR THOSE IN NEED 500
    FLINTHILLS BREADBASKET INC
    905 YUMA ST
    MANHATTAN,KS66502     		NONE PC FOOD FOR THOSE IN NEED 500
    FOOD BANK FOR THE HEARTLAND
    10525 J ST
    OMAHA,NE68127     		NONE PC FOOD FOR THOSE IN NEED 500
    FOOD BANK OF LARIMER COUNTY
    5706 WRIGHT DRIVE
    LOVELAND,CO80538     		NONE PC FOOD FOR THOSE IN NEED 2,000
    FREDDY BULLOCK
    1520 N MAIN
    SIOUX CENTER,IA51250     		EMPLOYEE SON I SCHOLARSHIP 1,000
    JACQUELYNN MCKNIGHT
    1520 N MAIN
    SIOUX CENTER,IA51250     		EMPLOYEE DAUGHTER I SCHOLARSHIP 1,000
    KRYSLYNN RUPPERT
    1520 N MAIN
    SIOUX CENTER,IA51250     		EMPLOYEE DAUGHTER I SCHOLARSHIP 1,000
    REBECCA LOS
    1520 N MAIN
    SIOUX CENTER,IA51250     		EMPLOYEE DAUGHTER I SCHOLARSHIP 1,000
    SERVE CITY
    622 EAST AVE
    HAMILTON,OH45011     		NONE PC PROVIDE FOOD, CLOTHING AND SHELTER FOR THOSE IN NEED 2,000
    SIOUX CENTER HEALTH
    1101 9TH ST SE
    SIOUX CENTER,IA51250     		NONE PC HOSPITAL CAMPAIGN 25,000
    SIOUX FALLS AREA COMMUNITY FOUNDATION
    200 N CHERAPA PLACE
    SIOUX FALLS,SD57103     		NONE PC PROMISING FUTURES FUND 2,600
    SIOUX FALLS YMCA
    220 S MINNESOTA AVE
    SIOUX FALLS,SD57104     		NONE PC GENERAL FUND 17,000
    SOUTH PLAINS FOOD BANK
    5605 MLK BOULEVARD
    LUBBOCK,TX79404     		NONE PC FOOD FOR THOSE IN NEED 2,000
    SOUTHEAST TECH INSTITUTE
    2320 N CAREER AVE
    SIOUX FALLS,SD57107     		NONE PC SCHOLARSHIP FUND 1,500
    THE BANQUET OF SIOUX FALLS
    900 E 8TH ST
    SIOUX FALLS,SD57103     		NONE PC GENERAL FUND 1,000
    TOYS FOR TOTS
    18251 QUANTICO GATEWAY DRIVE
    TRIANGLE,VA221721776     		NONE PC PROVIDE TOYS FOR UNDERPRIVILEGED KIDS 1,500
    UNITED WAY AND COMMUNITY FOUNDATION OF GREATER FORT DODGE
    24 N 9TH ST
    FT DODGE,IA50501     		NONE PC GENERAL FUND 500
    UNIVERSITY OF NEBRASKA FOUNDATION
    1010 LINCOLN MALL 300
    LINCOLN,NE68508     		NONE PC EDUCATION 20,000
    UPPER DES MOINES OPPORTUNITY
    101 BOFINS STREET
    GRAETTINGER,IA51342     		NONE PC FOOD FOR THOSE IN NEED 2,000
    VILLAGE NORTHWEST UNLIMITED
    330 VILLAGE CIR
    SHELDON,IA51201     		NONE PC CAPITAL CAMPAIGN - SERVE ADULTS WITH DISABILLITIES 5,000
    WHISPERS OF LOVE HOPE AND JOY
    PO BOX 242
    SIOUX CENTER,IA51250     		NONE PC SUPPORT VICTIMS OF DOMESTIC VIOLENCE 500
    SIOUX CENTER COMMUNITY SCHOOLS
    550 9TH STREET NE
    SIOUX CENTER,IA51250     		NONE PC GENERAL FUND 500
    INTERSTATES EMPLOYEES
    1400 7TH AVE NE
    SIOUX CENTER,IA51250     		EMPLOYEES I QUALIFIED DISASTER RELIEF 2,875
    SHEPHERDS CLOSET INC
    106 N SANGAMON AVE
    GIBSON CITY,IL60936     		NONE PC FOOD FOR THOSE IN NEED 1,000
    BRAINERD AMERICAN LEGION
    708 FRONT ST
    BRAINERD,MN56401     		NONE PC THANKSGIVING MEAL SUPPORT 500
    Total .................................bullet 3a 131,720
    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 ...........     		         
    4 Dividends and interest from securities....     14 52,669  
    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 49,353  
    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).. 0 102,022 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    102,022
    (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
    INTERSTATES FOUNDATION
     
    Employer identification number

    42-1480887
    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
    INTERSTATES FOUNDATION
          		Employer identification number
    42-1480887
    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
    INTERSTATES INC
     
    1400 7TH AVE NE
     
    SIOUX CENTER, IA51250

    		$ 200,000


    (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
    INTERSTATES FOUNDATION
          		Employer identification number

    42-1480887
    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
    INTERSTATES FOUNDATION
          		Employer identification number

    42-1480887
    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:
    INTERSTATES FOUNDATION
    EIN:
    42-1480887
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,790 0 0 4,790

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    INTERSTATES FOUNDATION
    EIN:
    42-1480887
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    AMERICAN LEGION - BRAINERD
          		708 FRONT ST
    BRAINERD,MN56401     		2020-11-19 500 THANKSGIVING MEAL FOR UNDERPRIVILEGED COMMUNITY MEMBERS. 500 NONE 11/20/20 2020-11-20 FUNDS USED AS INTENDED.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    INTERSTATES FOUNDATION
    EIN:
    42-1480887
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FIDELITY ADVISOR REAL EST INC FD 2227 24,760 25,652
    FIDELITY ADVISOR STRATEGIC INCOME I 21,774 22,298
    INVESCO OPPENHEIMER INTERNATIONAL BOND FUND CLASS R6 109,004 111,851
    LOOMIS SAYLES INVESTMENT GRADE BOND FD 29,609 28,816
    PIMCO INCOME INST 38,568 37,801
    T ROWE PRICE HIGH-YIELD 16,360 15,645
    FEDERATED HERMES TOTAL RETURN BOND FUND 77,662 80,341

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    INTERSTATES FOUNDATION
    EIN:
    42-1480887
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMCAP FUND F SHARES #402 42,141 62,795
    AMERICAN CAP WORLD GR & INC F SH FD 433 62,158 87,043
    AMERICAN CAPITAL INC BUILDER F SH FD 412 47,952 49,988
    AMERICAN NEW PERSPECTIVE F SH FD 407 118,396 222,296
    FIDELITY LARGE CAP GROWTH INDEX INST PRM FD 419,228 576,502
    INVESCO OPPENHEIMER DEVLOPING MARKETS FUND CLASS R6 58,478 89,085
    MFS VALUE I SHARES FUND #893 180,924 264,784
    VANGUARD EQUITY INCOME ADM CLASS 212,402 262,274
    VANGUARD MID CAP INDEX ADM SHARES 392,453 540,580
    VANGUARD SMALL CAP INDEX ADM SH 209,970 351,854

    TY 2020 InvestmentsOtherSchedule2
    Name:
    INTERSTATES FOUNDATION
    EIN:
    42-1480887
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERICAN BALANCED F SHARES FUND 411 AT COST 122,548 175,378
    DEVONSHIRE REIT INC AT COST 30,255 9,034
    PEOPLES BANK 2.12% NONCALLABLE 30 MO. AT COST 102,131 102,131
    PEOPLES BANK 2.72% NONCALLABLE 30 MO. AT COST 27,342 27,342
    PEOPLES BANK 3.00% NONCALLABLE 36 MO. AT COST 27,368 27,368
    PEOPLES BANK PLATINUM MONEY MARKET AT COST 285,098 285,098
    PEOPLES BANK 1.20% NONCALLABLE 12 MO. AT COST 26,703 26,703

    TY 2020 OtherIncreasesSchedule
    Name:
    INTERSTATES FOUNDATION
    EIN:
    42-1480887
    Description Amount
    REIMBURSEMENT 1,000


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    INTERSTATES FOUNDATION
    EIN:
    42-1480887
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 13,620 13,620 0 0


    TY 2020 TaxesSchedule
    Name:
    INTERSTATES FOUNDATION
    EIN:
    42-1480887
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ESTIMATED TAX PAYMENTS 7,652 0 0 0