TY 2021 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	1,462,029
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	69,559	69,559	69,559
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		212,702
b	Gross sales price for all assets on line 6a 784,782
7	Capital gain net income (from Part IV, line 2)...		212,702
8	Net short-term capital gain.........			0
9	Income modifications...........
10a	Gross sales less returns and allowances	34,879
b	Less: Cost of goods sold....	23,053
c	Gross profit or (loss) (attach schedule).....		11,826		11,826
11	Other income (attach schedule).......		306,718	0	306,718
12	Total. Add lines 1 through 11........	2,062,834	282,261	388,103
	13	Compensation of officers, directors, trustees, etc.	0	0	0	0
14	Other employee salaries and wages......	788,729	2,654	114,656	670,537
15	Pension plans, employee benefits.......	122,086	411	17,747	103,158
16a	Legal fees (attach schedule).........		763	76	76	687
b	Accounting fees (attach schedule).......		26,929	2,693	2,693	23,746
c	Other professional fees (attach schedule)....		16,414	16,414	0	0
17	Interest...............	6,644	0	6,644	0
18	Taxes (attach schedule) (see instructions)...		58,664	197	8,330	51,487
19	Depreciation (attach schedule) and depletion...		426,640	2,133	42,664
20	Occupancy..............	190,824	827	16,546	166,392
21	Travel, conferences, and meetings.......	967	0	0	967
22	Printing and publications..........	3,264	0	0	3,264
23	Other expenses (attach schedule).......		224,277	1,838	39,797	188,858
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,866,201	27,243	249,153	1,209,096
25	Contributions, gifts, grants paid.......	0			0
26	Total expenses and disbursements. Add lines 24 and 25	1,866,201	27,243	249,153	1,209,096
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	196,633
b	Net investment income (if negative, enter -0-)		255,018
c	Adjusted net income (if negative, enter -0-)...			138,950

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,601	11,455	11,455
	2	Savings and temporary cash investments.........	191,710	404,819	404,819
	3	Accounts receivable 166,696
		Less: allowance for doubtful accounts	234,078	166,696	166,696
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............	32,237	24,479	24,479
	9	Prepaid expenses and deferred charges..........	15,614	25,262	25,262
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,515,615	1,009,725	1,009,725
	c	Investments—corporate bonds (attach schedule).......	547,113	787,957	787,957
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 15,090,973
		Less: accumulated depreciation (attach schedule) 9,110,297	6,032,930	5,980,676	5,980,676
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	8,570,898	8,411,069	8,411,069
	17	Accounts payable and accrued expenses..........	108,651	124,602
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......	332,877	432,097
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	441,528	556,699
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	5,999,406	5,360,857
	25	Net assets with donor restrictions............	2,129,964	2,493,513
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	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).....	8,129,370	7,854,370
	30	Total liabilities and net assets/fund balances (see instructions).	8,570,898	8,411,069

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

8,129,370

Enter amount from Part I, line 27a .....................

196,633

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

8,326,003

Decreases not included in line 2 (itemize) bullet

471,633

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

7,854,370

(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	PUBLICLY TRADED SECURITIES
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	784,782	572,080	212,702
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			212,702
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	212,702
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 ...................		3	0

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	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	3,545
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	3,545
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	398
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	3,500
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	3,898
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	353
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax353	Refunded	11	0

(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
DAVID ALLBAUGH	TRUSTEE 2.00	0	0	0
503 SOUTH STREET WATERLOO,IA50701
JOHN J BURNS	TRUSTEE 2.00	0	0	0
503 SOUTH STREET WATERLOO,IA50701
BARBARA CORSON	TRUSTEE 2.00	0	0	0
503 SOUTH STREET WATERLOO,IA50701
EDWARD J GALLAGHER III	TRUSTEE 2.00	0	0	0
503 SOUTH STREET WATERLOO,IA50701
MARY ELLEN WARREN	TRUSTEE 2.00	0	0	0
503 SOUTH STREET WATERLOO,IA50701
STEVE SCHMITT	TRUSTEE 2.00	0	0	0
503 SOUTH STREET WATERLOO,IA50701


(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
BILLIE BAILEY	EXECUTIVE DIRECTOR 40.00	73,562	2,344	15,683
503 SOUTH STREET WATERLOO,IA50701	EXECUTIVE DIRECTOR 40.00	73,562	2,344	15,683
PAT KINNEY	DIRECTOR OF INST. AD 40.00	64,381	0	17,545
503 SOUTH STREET WATERLOO,IA50701	DIRECTOR OF INST. AD 40.00	64,381	0	17,545
ALAN SWEENEY	DIRECTOR OF FACILITI 40.00	60,706	1,637	10,997
503 SOUTH STREET WATERLOO,IA50701	DIRECTOR OF FACILITI 40.00	60,706	1,637	10,997
DIANE POPELKA	DIRECTOR OF FINANCE 40.00	50,776	1,633	6,256
503 SOUTH STREET WATERLOO,IA50701	DIRECTOR OF FINANCE 40.00	50,776	1,633	6,256


Total number of other employees paid over $50,000...................				0

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	THE SOLE FUNCTION OF THE H.W. GROUT TRUST IS THE OPERATION OF ITS MUSEUMS IN WATERLOO, IOWA. THE MISSION OF THE GROUT MUSEUM IS TO PROVIDE A BETTER UNDERSTANDING OF THE WORLD BY COLLECTING, PRESERVING AND INTERPRETING HISTORY AND ILLUSTRATING SCIENTIFIC PRICIPLES. THE GROUT MUSEUM COLLECTS, PRESERVES AND INTERPRETS CULTURAL AND NATURAL HISTORY OF THE REGION; THE RENSSELAER RUSSELL HOUSE MUSEUM AND THE SNOWDEN HOUSE PRESERVE AND INTERPRET ELEMENTS OF THE VICTORIAN AGE; THE BLUEDORN SCIENCE IMAGINARIUM PROVIDES EXHIBITIONS AND PROGRAMMING THAT INSPIRE THE STUDY OF THE SCIENCES; AND THE SULLIVAN BROTHERS IOWA VETERANS MUSEUM HONORS THE SERVICE AND SACRIFICE OF IOWA VETERANS FROM THE CIVIL WAR TO PRESENT. DURING THE FISCAL YEAR ENDING JUNE 30, 2022, APPROXIMATELY 38,000 PEOPLE WERE SERVED BY THE GROUT MUSEUM.	1,203,921
2


3


4

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

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........
4Qualifying distributions for 2021 from Part
XI, line 4: $ 1,577,241
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.....					0
e Remaining amount distributed out of corpus		1,577,241
5 Excess distributions carryover applied to 2021.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		1,577,241
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 ..........					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 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 ......		1,577,241
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....	1,577,241

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	(e) Total
	103,288	0	0	0	103,288
b 85% (0.85) of line 2a .........	87,795	0	0	0	87,795
c Qualifying distributions from Part XI, line 4 for each year listed .....	1,577,241	1,132,628	1,175,355	1,487,347	5,372,571
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	0	0	0	0	0
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	1,577,241	1,132,628	1,175,355	1,487,347	5,372,571
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	68,859	62,415	52,212	50,564	234,050
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) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

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:

Line No.	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.)
1	THE PRIMARY FUNCTION OF THE TRUST IS THE OPERATION OF ITS MUSEUMS IN WATERLOO IOWA. THE ITEMS OF PROGRAM SERVICE REVENUE LISTED IN ITEM NUMBER ONE ARE ALL RELATED TO THE MUSEUM OPERATIONS.
10	THIS ITEM REPRESENTS THE NET PROCEEDS AFTER COST OF SALES FROM THE GIFT SHOP OPERATED AS A PART OF THE MUSEUMS.

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

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a				0

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	(e) Related or exempt function income (See instructions.)
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 ....
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	212,702
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory					11,826
11 Other revenue: aNET RENTAL INCOME			16	16,193
bEMPLOYEE RETENTION CREDIT					119,852
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		298,454	302,351

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

bApproved for future payment

Total ................................. 3b				0

Name of organization HW GROUT TRUST			Employer identification number 23-7416881

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	BLACK HAWK GAMING ASSOCIATION 229 E PARK AVENUE WATERLOO, IA50703	$ 104,373		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
2	THE GALLAGHER FAMILY FOUNDATION 800 PROSPECT BLVD WATERLOO, IA50701	$ 100,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
3	CITY OF WATERLOO 715 MULBERRY ST WATERLOO, IA50703	$ 11,500		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
4	DAVID AND JEANNE ALLBAUGH 1075 PROSPECT BLVD WATERLOO, IA50701	$ 10,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
5	KATHY BRECKUNITCH 3863 TRANT LANE WATERLOO, IA50701	$ 8,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
6	US SMALL BUSINESS ADMINISTRATION 409 3RD ST SW WASHINGTON DC, DC20416	$ 182,977		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Name of organization HW GROUT TRUST			Employer identification number 23-7416881
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
7	PAULINE BARRETT CHARITABLE FOUNDATION 224 W RIDGEWAY AVE WATERLOO, IA50701	$ 130,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
8	BARBARA CORSON 3397 MT VERNON DRIVE WATERLOO, IA50701	$ 48,454		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
9	CEDAR FALLS COMMUNITY FOUNDATION PO BOX 546 CEDAR FALLS, IA50613	$ 18,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
10	DAVID GREENE 3720 VILLAGE PLACE WATERLOO, IA50702	$ 74,728		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Name of organization HW GROUT TRUST		Employer identification number 23-7416881

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) (2021)


Name of organization HW GROUT TRUST			Employer identification number 23-7416881
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.) $ Use duplicate copies of Part III if additional space is needed.

Name of Bond	End of Year Book Value	End of Year Fair Market Value
APPLE INC DUE 9/11/26	23,538	23,538
BANK OF AMERICA CORP MED TERM NOTE 3.3% DUE 1/11/23	25,040	25,040
COHEN & STEERS PREFERRED SECURITIES	54,318	54,318
COMCAST CORP 3.375% DUE 8/15/25	24,646	24,646
FIDELITY NEW MARKETS INCOME FUND	33,652	33,652
GENERAL DYNAMICSCORP	23,266	23,266
INTEL CORP 3.7% DUE 7/29/25	25,158	25,158
MITSUBISHI UF J FIN GRP 3.761% DE 7/26/23	24,977	24,977
PROGRESSIVE CORP 2.45% DUE 1/15/27	23,564	23,564
SHELL INT'L 2.375% DUE 11/7/29	22,069	22,069
STATE STREET CORP, 3.3, 12/16/24	24,824	24,824
SUMITINO MITSUI	25,001	25,001
TEXAS INSTRUMENT	22,499	22,499
TORONTO DOMINION BANK 3.250% DUE 3/11/24	24,831	24,831
UNITEDHEALTH GROUP INC 3.100% DUE 3/15/26	24,464	24,464
ISHARES CORE TOTAL US AGGREGATE BOND ETF	203,360	203,360
ISHARES CORE TOTAL USD BOND MARKET	93,640	93,640
PGIM HIGH YIELD FUND CLASS Q	67,275	67,275
SALESFORCE	21,835	21,835

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACCENTURE PLC	13,883	13,883
ALPHABET INC CL A	10,896	10,896
ALPHABET INC CL C	21,875	21,875
APPLE INC	54,688	54,688
BERKSHIRE HATHAWAY INC	8,191	8,191
BLACKROCK GLOBAL LONG/SHORT CREDIT	30,258	30,258
BLACKROCK INC	9,136	9,136
BOEING CO	3,418	3,418
CELANESE CORP	11,761	11,761
CHEVRON CORP	10,859	10,859
CISCO SYSTEMS INC	8,528	8,528
CITIGROUP INC	8,738	8,738
COGNIZANT TECH SOLUTIONS CRP COM	10,393	10,393
COMCAST CORP CLASS A	11,772	11,772
CVS HEALTH CORP	9,729	9,729
DANAHER CORP	19,014	19,014
DIAGEO PLC - ADR SPONSORED ADR	8,706	8,706
DODGE & COX INTERNATIONAL STOCK FUND	37,827	37,827
EATON VANCE GLOBAL FUND	31,545	31,545
ELI LILLY & CO	12,969	12,969
EXXON MOBIL CORP	8,564	8,564
META PLATFORMS	8,063	8,063
HOME DEPOT INC	13,714	13,714
INTERCONTINENTAL EXCHANGE INC	10,815	10,815
ISHARES TR RUSSELL MIDCAP ETF	61,427	61,427
JOHNSON & JOHNSON	9,763	9,763
JP MORGAN CHASE & CO	13,513	13,513
LAS VEGAS SANDS CORP	8,230	8,230
MANULIFE FINANCIAL CORP	6,066	6,066
MICROSOFT CORP	44,945	44,945
PRINCPAL MIDCAP	63,138	63,138
PROCTOR & GAMBLE CO	10,784	10,784
RAYTHEOM TECHNOLOGIES	6,247	6,247
SYSCO CORP	5,506	5,506
TE CONNECTIVITY LTD	4,526	4,526
THERMO FISHER SCIENTIFIC INC.	19,015	19,015
TRACTOR SUPPLY CO COM	16,477	16,477
UNION PACIFIC CORP	10,664	10,664
UNITED PARCEL SERVICES	8,214	8,214
UNITEDHEALTH GROUP INC	34,413	34,413
VANGUARD MID CAPITALIZED INDEX	78,612	78,612
VISA INC - CLASS A SHRS	13,782	13,782
WALT DISNEY CO	6,136	6,136
BLACKSTONE INC	6,842	6,842
BOSTON TRUST SMALL CAP FUND	35,817	35,817
BROADCOM INC	7,287	7,287
EATON CORP PLC	2,520	2,520
ELECTRONIC ARTS INC	6,083	6,083
FIDELITY NATL INFORMATION SVCS INC	7,334	7,334
GARMIN LTD	1,474	1,474
HAIN CELESTIAL GROUP INC	3,561	3,561
HASBRO INC	6,550	6,550
INTERPUBLIC GROUP COS INC	4,130	4,130
INVESCO OPPENHEIMER DEVELOPING MARKETS	34,975	34,975
INVESCO OPTIMUM YIELD DIVERSIFY	40,590	40,590
LAM RESEARCH CORP COM	6,392	6,392
MERCK & CO INC	5,014	5,014
NIKE INC CL	5,621	5,621
PIMCO COMMODICITY REAL RETURN STRATEGY	8,906	8,906
SUNCOR ENERGY INC	9,644	9,644
TARGET CORP	9,180	9,180
TOTALENERGIES SE	9,475	9,475
WASTE MANAGEMENT INC	1,530	1,530

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
LAND	221,596	0	221,596	221,596
BUILDINGS AND IMPROVEMENTS	8,198,384	4,133,059	4,065,325	4,065,325
EQUIPMENT	960,959	655,673	305,286	305,286
EXHIBITS	5,710,034	4,321,565	1,388,469	1,388,469

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BANK FEES	6,086	0	0	6,086
BUILDING & EQUIPMENT MAINTENANCE	78,695	937	18,733	65,397
EDUCATION/PROGRAMS	3,896	0	390	3,506
EXHIBITS	24,605	0	2,461	22,144
MARKETING & DEVELOPMENT	82,584	785	15,691	66,893
MISCELLANEOUS	3,203	0	0	3,204
OFFICE EXPENSE	8,156	40	816	7,340
PUBLIC PROGRAMMING	1,855	0	186	1,669
POSTAGE	3,435	17	344	3,091
TECHNOLOGY EXPENSE	11,762	59	1,176	9,528

Description	Revenue And Expenses Per Books	Adjusted Net Income
ADMISSIONS	96,063	96,063
MEMBERSHIPS	40,814	40,814
MISCELLANEOUS	3,994	3,994
PUBLIC PROGRAMMING	29,802	29,802
NET RENTAL INCOME	16,193	16,193
EMPLOYEE RETENTION CREDIT	119,852	119,852

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	14,072	14,072	0	0
OTHER PROFESSIONAL FEES	2,342	2,342	0	0

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