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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 10-01-2021 , and ending 09-30-2022
Name of foundation
THE IRVING & JETT GROVES
 
Number and street (or P.O. box number if mail is not delivered to street address)1306 MULBERRY ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MARTINSVILLE, VA24112
A Employer identification number

54-1961867
B Telephone number (see instructions)

(276) 666-3247
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$1,406,671J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 322 322  
4 Dividends and interest from securities... 38,875 38,483  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 29,350
b Gross sales price for all assets on line 6a 727,494
7 Capital gain net income (from Part IV, line 2)... 29,350
8 Net short-term capital gain......... 0
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)....... Click to see attachment 355    
12 Total. Add lines 1 through 11........ 68,902 68,155  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 10,570 10,545   25
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,308 489   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 5 5    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 12,883 11,039 0 25
25 Contributions, gifts, grants paid....... 73,750 73,750
26 Total expenses and disbursements. Add lines 24 and 25 86,633 11,039 0 73,775
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -17,731
b Net investment income (if negative, enter -0-) 57,116
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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......... 70,884 38,035 38,035
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 189,085 Click to see attachment322,065 376,971
c Investments—corporate bonds (attach schedule)....... 176,904 Click to see attachment313,803 292,640
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 878,335 Click to see attachment624,527 699,025
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) 1,315,208 1,298,430 1,406,671
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
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........ 1,315,208 1,298,430
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,315,208 1,298,430
30 Total liabilities and net assets/fund balances (see instructions). 1,315,208 1,298,430
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
1,315,208
2
Enter amount from Part I, line 27a .....................
2
-17,731
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,781
4
Add lines 1, 2, and 3 ..........................
4
1,299,258
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
828
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,298,430
Form 990-PF (2021)
Form 990-PF (2021)
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 .3834 WARNER BROS DISCOVERY INC CL A   2021-07-19 2022-04-22
b 78. NORTHERN TRUST GROUP   2020-07-22 2022-06-30
c 200. AT&T INC   2021-07-19 2022-08-05
d 2018.934 BLACKROCK LOW DURATION-K   2021-03-18 2022-08-05
e 75. CHEVRONTEXACO CORP   2020-03-19 2022-08-05
1970.424 DOUBLELINE LOW DUR BND-R6   2021-03-18 2022-08-05
245. ENBRIDGE INC   2017-07-27 2022-08-05
3415.943 FEDERATED HERMES SHORT-TRM INC   2021-03-18 2022-08-05
60. GLOBAL PAYMENTS INC   2021-09-02 2022-08-05
1900. ISHARES MSCI EMERGING MKTS INDEX FUND   2017-07-27 2022-08-05
670. I SHARES EAFE INDEX FUND   2017-07-27 2022-08-05
1000. ISHARES RUSSELL MID CAP ETF   2017-07-27 2022-08-05
300. CEF ISHARES TR S&P   2017-07-27 2022-08-05
45. J.P. MORGAN CHASE & CO.   2020-03-13 2022-08-05
4686.795 LORD ABBETT SHRT DUR INC-I   2021-03-18 2022-08-05
2025.603 METROPOLITAN WEST T/R BD-PLN   2017-07-31 2022-08-05
189. MORGAN STANLEY DEAN WITTER DIS CO   2019-01-02 2022-08-05
73. NASDAQ OMX GROUP INC   2017-07-27 2022-08-05
1855.294 NEUBERGER BERMAN STRAT INC-I   2017-07-31 2022-08-05
498.975 PIMCO REAL RETURN FUND-INST   2019-09-05 2022-08-05
105. PFIZER INCORPORATED   2014-07-09 2022-08-05
92. PHILLIPS 66   2019-01-02 2022-08-05
2855.095 PGIM INVESTMENTS TTL RETURN BOND R6   2017-11-08 2022-08-05
2743.46 PGIM SHRT TRM CORP BND-Q   2020-04-17 2022-08-05
57. QUALCOMM INC COMMON   2017-07-27 2022-08-05
141. SPDR GOLD TRUST GOLD SHS   2021-04-08 2022-08-05
13280.74 STERLING CAP TTL RTRN BND-R6   2017-07-31 2022-08-05
166. VERIZON COMMUNICATIONS INC   2014-02-28 2022-08-05
48. WARNER BROS DISCOVERY INC CL A   2021-07-19 2022-08-05
54. ANALOG DEVICES INC   2018-02-23 2022-09-27
216. CORNING INC   2019-09-05 2022-09-27
47. DISCOVER FINL SVCS   2017-07-27 2022-09-27
3320.313 BRANDYWINEGLOBAL CORP CREDIT FD-IS   2022-08-05 2022-09-27
967.911 PIMCO INVESTMENT GRADE CREDIT BD-I   2022-08-05 2022-09-27
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(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 9   10 -1
b 7,535   5,894 1,641
c 3,640   4,196 -556
d 18,372   19,685 -1,313
e 11,503   4,234 7,269
18,739   19,685 -946
10,440   9,587 853
28,421   29,685 -1,264
7,667   9,600 -1,933
75,711   77,912 -2,201
43,338   44,798 -1,460
70,909   48,742 22,167
30,237   24,556 5,681
5,201   4,305 896
18,372   19,685 -1,313
18,392   20,254 -1,862
16,241   7,724 8,517
13,200   5,743 7,457
18,423   20,733 -2,310
5,429   5,628 -199
5,215   2,983 2,232
7,686   8,099 -413
36,031   41,547 -5,516
28,532   30,591 -2,059
8,430   3,017 5,413
23,328   23,181 147
128,425   140,363 -11,938
7,401   7,823 -422
696   1,304 -608
7,705   4,836 2,869
6,513   6,058 455
4,345   2,878 1,467
32,074   34,000 -1,926
8,169   8,808 -639
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
      1,165
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       -1
b       1,641
c       -556
d       -1,313
e       7,269
      -946
      853
      -1,264
      -1,933
      -2,201
      -1,460
      22,167
      5,681
      896
      -1,313
      -1,862
      8,517
      7,457
      -2,310
      -199
      2,232
      -413
      -5,516
      -2,059
      5,413
      147
      -11,938
      -422
      -608
      2,869
      455
      1,467
      -1,926
      -639
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 29,350
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 794
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- ..... 5 794
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 1,060
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 139
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,199
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 10 405
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet405 RefundedBullet 11 0
Part VI-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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletVA
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 addressbullet  
    14
    The books are in care ofbulletTRUIST BANK NA Telephone no.bullet (276) 666-3247

    Located atbulletPO BOX 919798ORLANDOFL ZIP+4bullet32891
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
    No
    c
    .........bullet
    d
    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? .................
    5d
    Yes
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    IRVING M GROVES III SECRETARY
    1     		0    
    3378 BLACKBURN AVE
    DALLAS,TX75204
    MATTIE G SHEPPARD PRESIDENT
    1     		0    
    PO BOX 4831
    MARTINSVILLE,VA24115
    JETT G WOOD VICE-PRESIDENT
    1     		0    
    1306 MULBERRY ROAD
    MARTINSVILLE,VA24112
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 VIII-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 VIII-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.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    1,614,932
    b
    Average of monthly cash balances.......................
    1b
    84,291
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,699,223
    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
    1,699,223
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    25,488
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    1,673,735
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    83,687
    Part X
    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 IX, line 6..................
    1
    83,687
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    794
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    794
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    82,893
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,000
    5
    Add lines 3 and 4............................
    5
    83,893
    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 XII, line 1 ...
    7
    83,893
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 83,893
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 2,773
    b From 2017...... 0
    c From 2018...... 79
    d From 2019...... 783
    e From 2020...... 0
    f Total of lines 3a through e ........ 3,635
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 73,775
    a Applied to 2020, 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 2021 distributable amount..... 73,775
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 3,635 3,635
    (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 0
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		6,483
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017.... 0
    b Excess from 2018.... 0
    c Excess from 2019.... 0
    d Excess from 2020.... 0
    e Excess from 2021.... 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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).)
    NONE
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    VA STATE POLICE ASSOCIATION
    6944 FOREST HILLS
    RICHMOND,VA23225     		NONE PC GENERAL OPERATING 1,000
    AXTON LIFE SAVING CREW
    1200 A L PHILPOTT HWY
    AXTON,VA24054     		NONE PC GENERAL OPERATING 2,000
    BASSETT HISTORICAL SOCIETY
    3964 FAIRYSTONE PARK
    BASSETT,VA24055     		NONE PC GENERAL OPERATING 1,000
    BOYS & GIRLS CLUB
    26 W CHURCH STREET
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 1,500
    CARLISLE SCHOOL ANNUAL FUND
    P O BOX 5388
    MARTINSVILLE,VA24115     		NONE PC GENERAL OPERATING 2,500
    CHARITY LEAGUE JETT GROVES
    P O BOX 3613
    MARTINSVILLE,VA24115     		NONE PC SCHOLARSHIP 1,000
    CHARITY LEAGUE SUSTAINERS FUND
    P O BOX 3613
    MARTINSVILLE,VA24115     		NONE PC GENERAL OPERATING 1,000
    CHILL
    24 CLAY STREET
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 500
    CHRISTMAS CHEER
    P O BOX 540
    MARTINSVILLE,VA24114     		NONE PC GENERAL OPERATING 500
    DYERS STORE FIRE DEPARTMENT
    DYERS STORE ROAD
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 1,500
    EDWARDS ADULT DAY CARE CENTER
    431 E COMMONWEALTH BLVD
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 1,000
    FIRST UNITED METHODIST CHURCH
    ANNUAL GIVING
    146 EAST MAIN STREET
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 12,000
    FRIENDS OF LIBRARY
    P O BOX 3967
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 500
    GRACE NETWORK
    P O BOX 3902
    MARTINSVILLE,VA24115     		NONE PC GENERAL OPERATING 3,500
    GRANBERRY METHODIST CHURCH
    120 HATCHER FARM ROAD
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 500
    HENRY COUNTY SHERIFFS DEPT
    3250 KINGS MOUNTAIN RD
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 1,000
    JEFFERSON SCHOLARS FOUNDATION
    112 CLARKE COURT
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL OPERATING 1,000
    KIWANAS INTERNATIONAL
    3636 WOODVIEW TRACE
    INDIANAPOLIS,IN46268     		NONE PC GENERAL OPERATING 500
    LONGWOOD UNIVERSITY SCHOLARSHIP
    201 HIGH STREET
    FARMVILLE,VA23909     		NONE PC SCHOLARSHIP 5,000
    MARTINSVILLE CEMETERY ASSOCIATION
    P O BOX 246
    MARTINSVILLE,VA24114     		NONE NC GENERAL OPERATING 3,000
    MARTINSVILLE-HENRY CO CRIMESTOPPERS
    3250 KINGS MOUNTAIN RD
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 1,000
    NEW COLLEGE FOUNDATION SCHOLARSHIP
    191 FAYETTE STREET
    MARTINSVILLE,VA24112     		NONE PC SCHOLARSHIP 5,000
    OMICRON DELTA KAPPA FOUNDATION
    224 MCLAUGHLIN ST
    LEXINGTON,KY24450     		NONE PC GENERAL OPERATING 250
    PHI BETA KAPPA SOCIETY
    P O BOX 297269
    WASHINGTON,DC200777210     		NONE PC GENERAL OPERATING EXPENSES 250
    PIEDMONT ARTS
    215 STARLING AVENUE
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 2,500
    PATRICK HENRY COMMUNITY COLLEGE
    645 PATRIOT AVENUE
    MARTINSVILLE,VA24112     		NONE PC SCHOLARSHIP 2,000
    PREGNANCY CARE CENTER
    314 FAIRY STREET
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 500
    RANDOLPH MACON COLLEGE GRIDIRON CLUB
    P O BOX 5005
    ASHLAND,VA23005     		NONE PC GENERAL OPERATING 500
    RANDOLPH MACON COLLEGE PRES CLUB
    P O BOX 5005
    ASHLAND,VA23005     		NONE PC GENERAL OPERATING 1,500
    RANDOLPH MACON COLLEGE SCHOLARSHIP
    P O BOX 5005
    ASHLAND,VA23005     		NONE PC SCHOLARSHIP 5,000
    RED CROSS
    1081 SPRUCE STREET
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 1,000
    RIDGEWAY UNITED METHODIST CHURCH
    160 CHURCH ST
    RIDGEWAY,VA24148     		NONE PC GENERAL OPERATING 500
    SAFETYNET INC
    P O BOX 4482
    MARTINSVILLE,VA24115     		NONE PC GENERAL OPERATING 500
    SALVATION ARMY
    P O BOX 551
    MARTINSVILLE,VA24114     		NONE PC GENERAL OPERATING 1,500
    SMITH RIVER SPORTS COMPLEX
    1000 IRISBURG RD
    AXTON,VA24054     		NONE PC GENERAL OPERATING 1,500
    SPCA
    132 JOSEPH MARTIN HWY
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 1,500
    THEATRE WORKS COMMUNITY PLAYERS
    P O BOX 3180
    MARTINSVILLE,VA24115     		NONE PC GENERAL OPERATING 1,000
    UNITED WAY OF MARTINSVILLE & HENRY CO
    P O BOX 951
    MARTINSVILLE,VA24114     		NONE PC GENERAL OPERATING 1,000
    VA MUSEUM OF NATURAL HISTORY
    21 STARLING AVENUE
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 500
    VIRGINIA SHERIFFS' INSTITUTE
    701 E FRANKLIN 706
    RICHMOND,VA23286     		NONE PC GENERAL OPERATING 500
    WHARTON SCHOOL OF BUSINESS FOUNDATION
    3733 SPRUCE STREET
    PHILADELPHIA,PA19104     		NONE PC GENERAL OPERATING 250
    YMCA ENDOWMENT FUND
    3 STARLING AVENUE
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 1,000
    FOCUS ON YOUNG DONATION
    22 EAST CHURCH STREET
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 2,000
    HABITAT FOR HUMANITY
    932 STARLING AVENUE
    MARTINSVILLE,VA24112     		NONE PC GENERAL OPERATING 500
    COMMUNITY FOUNDATION DONATION FOR THE
    H CLAY GRAVELY IV FUND
    PO BOX 1124
    MARTINSVILLE,VA24114     		NONE PC GENERAL OPERATING 500
    PANNILL AMERICAN LEGION POST #42
    PO BOX 4082
    MARTINSVILLE,VA24115     		NONE PC GENERAL OPERATING 1,000
    Total .................................bullet 3a 73,750
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ...........     		    14 322  
    4 Dividends and interest from securities ....          
    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 29,350  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 355  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   68,902  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    68,902
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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)
    Yes
     
    (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
    1a(1) 3,000 MARTINSVILLE CEMETERY CASH
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    THE IRVING & JETT GROVES
    EIN:
    54-1961867
    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
    MARTINSVILLE CEMETERY
    ASSOCIATION     		PO BOX 246
    MARTINSVILLE,VA24114     		2022-09-30 3,000 GENERAL OPERATING EXPENSES   None 09/30/2022 2022-12-28  

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE IRVING & JETT GROVES
    EIN:
    54-1961867
    Name of Bond End of Year Book Value End of Year Fair Market Value
    09260B440 BLACKROCK LOW DURATI    
    258620541 DOUBLELINE LOW DURAT    
    258620566 DOUBLELINE TOTAL RET 69,642 61,031
    592905764 METROPOLITAN WEST TO    
    74440B884 PGIM INVESTMENTS TTL    
    74441R607 PGIM SHORT-TERM CORP    
    464288653 ISHARES 10-20 YEAR T 10,554 9,479
    46429B267 ISHARES US TREASURY 184,415 176,344
    722005816 PIMCO INVESTMENT GRA 49,192 45,786

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE IRVING & JETT GROVES
    EIN:
    54-1961867
    Name of Stock End of Year Book Value End of Year Fair Market Value
    166764100 CHEVRON CORP    
    46625H100 JP MORGAN CHASE & CO    
    665859104 NORTHERN TR CORP    
    G1151C101 ACCENTURE PLC CL A 6,412 12,865
    00206R102 AT&T INC    
    002824100 ABBOTT LABS 4,544 11,321
    00287Y109 ABBVIE INC 3,703 13,555
    032654105 ANALOG DEVICES INC 7,917 14,352
    036752103 ELEVANCE HEALTH INC 5,771 13,627
    219350105 CORNING INC 898 929
    254709108 DISCOVER FINL SVCS 5,269 7,910
    29250N105 ENBRIDGE INC    
    37940X102 GLOBAL PAYMENTS INC    
    437076102 HOME DEPOT INC 9,901 13,521
    438516106 HONEYWELL INTERNATIO 4,319 9,183
    478160104 JOHNSON & JOHNSON 3,831 8,985
    58933Y105 MERCK & CO INC 7,063 10,507
    594918104 MICROSOFT CORP 3,686 10,713
    617446448 MORGAN STANLEY    
    631103108 NASDAQ INC    
    713448108 PEPSICO INC 10,139 13,877
    717081103 PFIZER INC    
    718546104 PHILLIPS 66    
    747525103 QUALCOMM INC    
    855244109 STARBUCKS CORP 4,893 7,499
    911312106 UNITED PARCEL SERVIC 5,615 11,146
    92343V104 VERIZON COMMUNICATIO    
    G5960L103 MEDTRONIC PLC 7,887 7,914
    H1467J104 CHUBB LTD 8,947 12,186
    001055102 AFLAC INC 10,607 10,397
    009158106 AIR PRODUCTS & CHEMI 10,661 9,542
    09247X101 BLACKROCK INC 13,845 11,006
    099502106 BOOZ ALLEN HAMILTON 17,302 16,900
    126650100 CVS HEALTH CORP 19,271 17,930
    17275R102 CISCO SYSTEMS INC 17,390 15,560
    191216100 COCA COLA CO 8,044 7,171
    26875P101 EOG RESOURCES INC 2,244 2,346
    31620M106 FIDELITY NATL INFORM 19,062 15,038
    38141G104 GOLDMAN SACHS GROUP 20,766 18,169
    502431109 L3 HARRIS TECHNOLOGI 10,280 9,145
    571748102 MARSH & MCLENNAN COS 18,643 16,870
    59156R108 METLIFE INC 5,273 5,045
    620076307 MOTOROLA SOLUTIONS, 17,498 15,678
    87612E106 TARGET CORP 2,640 2,374
    89417E109 TRAVELERS COMPANIES 3,931 3,983
    902494103 TYSON FOODS INC CL A 13,136 9,955
    G02602103 AMDOCS LTD 10,677 9,772

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE IRVING & JETT GROVES
    EIN:
    54-1961867
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    22822V101 CROWN CASTLE INC AT COST 8,363 11,419
    31420C563 FEDERATED HERMES SHO      
    464287234 ISHARES MSCI EMERGIN      
    464287465 ISHARES MSCI EAFE ET AT COST 135,285 113,700
    464287499 ISHARES RUSSELL MIDC AT COST 93,049 118,644
    464287804 ISHARES CORE S&P SMA AT COST 53,590 65,393
    543916688 LORD ABBETT SHORT DU      
    64128K751 NEUBERGER BERMAN STR      
    693391104 PIMCO REAL RETURN FU      
    78463V107 SPDR GOLD TRUST      
    85918D624 STERLING CAPITAL TOT      
    922908710 VANGUARD 500 INDEX F AT COST 152,630 221,138
    46137V357 INVESCO S&P 500 EQUA AT COST 14,495 12,728
    464287457 ISHARES BARCLAYS 1-3 AT COST 16,387 16,161
    464288620 ISHARES BROAD USD IN AT COST 57,978 53,864
    46429B663 ISHARES TR CORE HIGH AT COST 20,350 18,258
    92206C755 VANGUARD MORTGAGE-BA AT COST 72,400 67,720

    TY 2021 OtherDecreasesSchedule
    Name:
    THE IRVING & JETT GROVES
    EIN:
    54-1961867
    Description Amount
    COST BASIS ADJUSTMENT 134
    2021 TRANSACTION POSTED IN 2022 694


    TY 2021 OtherExpensesSchedule
    Name:
    THE IRVING & JETT GROVES
    EIN:
    54-1961867
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 5 5   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE IRVING & JETT GROVES
    EIN:
    54-1961867
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 355 0  


    TY 2021 OtherIncreasesSchedule
    Name:
    THE IRVING & JETT GROVES
    EIN:
    54-1961867
    Description Amount
    RECOVERY OF PRIOR YEAR GRANTS 1,000
    2020 TRANSACTION POSTED IN 2021 776
    ROUNDING 5


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE IRVING & JETT GROVES
    EIN:
    54-1961867
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 25     25
    INVESTMNT MNGMNT FEES (NON-DED 10,545 10,545    


    TY 2021 TaxesSchedule
    Name:
    THE IRVING & JETT GROVES
    EIN:
    54-1961867
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 74 74   0
    FEDERAL TAX PAYMENT - PRIOR YE 1,290 0   0
    FEDERAL ESTIMATES - PRINCIPAL 529 0   0
    FOREIGN TAXES ON QUALIFIED FOR 251 251   0
    FOREIGN TAXES ON NONQUALIFIED 164 164   0