Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
N BALL TRUST 000794
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1700
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
IOWA CITY, IA52244
A Employer identification number

42-6281954
B Telephone number (see instructions)

(319) 356-5933
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$2,354,404J 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 right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 61,594 61,191  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 23,346
b Gross sales price for all assets on line 6a 594,901
7 Capital gain net income (from Part IV, line 2)... 23,346
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
List of Attached Documents:
// Content
2,458    
12 Total. Add lines 1 through 11........ 87,398 84,537  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 8,826 6,620   2,207
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,144 572 0 572
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,606 4,303 0 4,303
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
907 579   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
List of Attached Documents:
// Content
2,962 2,962    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,445 15,036 0 7,082
25 Contributions, gifts, grants paid....... 112,000 112,000
26 Total expenses and disbursements. Add lines 24 and 25 134,445 15,036 0 119,082
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -47,047
b Net investment income (if negative, enter -0-) 69,501
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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......... 63,752 92,940 92,940
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow0      
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)....... 511,185 Click to see attachment
List of Attached Documents:
// Content
514,644 		1,090,850
c Investments—corporate bonds (attach schedule)....... 901,447 Click to see attachment
List of Attached Documents:
// Content
829,729 		804,027
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 360,403 Click to see attachment
List of Attached Documents:
// Content
353,002 		366,587
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,836,787 1,790,315 2,354,404
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 right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,836,787 1,790,315
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)..... 1,836,787 1,790,315
30 Total liabilities and net assets/fund balances (see instructions). 1,836,787 1,790,315
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
1,836,787
2
Enter amount from Part I, line 27a .....................
2
-47,047
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
575
4
Add lines 1, 2, and 3 ..........................
4
1,790,315
5
Decreases not included in line 2 (itemize) right arrow
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
1,790,315
Form 990-PF (2023)
Form 990-PF (2023)
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 206.825 BAIRD FDS INC AGGREGATE BOND INST   2022-11-17 2023-01-05
b 8360.01 LORD ABBETT INVT TR SHORT DURATION INCOME F   2019-07-17 2023-01-05
c 2317.073 LORD ABBETT INVT TR SHORT DURATION INCOME F   2022-02-08 2023-01-05
d 87.75 MFS INSTL TR INTERNATIONAL EQUITY R6   2022-02-08 2023-01-05
e 344.037 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2022-08-19 2023-01-05
72.115 PIMCO FDS INCOME INSTL   2022-02-08 2023-01-05
1735.016 PIONEER SER TR X MULTI-ASSET ULTRASHORT INCOME Y   2022-02-08 2023-01-05
108.225 VANGUARD FIXED INCOME SECS FD GNMA ADM   2021-07-13 2023-01-05
76.603 AB CAP FD INC SMALL CAP GROWTH ADVISOR   2021-10-07 2023-02-03
6.293 AB CAP FD INC SMALL CAP GROWTH ADVISOR   2022-02-08 2023-02-03
.632 AB CAP FD INC SMALL CAP GROWTH ADVISOR   2022-02-08 2023-02-03
33. ALPHABET INC CAP STK CL C   2012-06-29 2023-02-03
8. BROADCOM INC COM   2021-08-25 2023-02-03
68. CITIZENS FINL GROUP INC COM   2022-10-31 2023-02-03
14. META PLATFORMS INC CL A   2017-09-13 2023-02-03
86.505 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2014-08-28 2023-02-03
19. FEDEX CORP COM   2019-05-22 2023-02-03
28.547 FIDELITY INVT TR EMERGING MARKETS Z   2022-08-19 2023-02-03
182. HEWLETT PACKARD ENTERPRISE CO COM   2022-12-20 2023-02-03
21. HOME DEPOT INC COM   2016-11-17 2023-02-03
132.275 MFS SER TR XIII NEW DISCOVERY VALUE R6   2022-02-08 2023-02-03
46. MONDELEZ INTL INC CL A   2009-04-17 2023-02-03
8. NETFLIX INC COM   2018-11-26 2023-02-03
179.091 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2020-10-28 2023-02-03
43.131 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2022-08-19 2023-02-03
17.854 T ROWE PRICE MID-CAP GROWTH I   2019-09-24 2023-02-03
7.779 T ROWE PRICE MID-CAP GROWTH I   2021-10-19 2023-02-03
236.593 TCW FDS INC EMERGING MARKETS INCOME I   2019-07-17 2023-02-03
14. TARGET CORP COM   2021-04-28 2023-02-03
240.096 VANGUARD FIXED INCOME SECS FD LONG-TERM INVESTMENT-GRADE ADM   2022-11-17 2023-02-03
55. VERIZON COMMUNICATIONS INC COM   2009-02-06 2023-02-03
125. VERIZON COMMUNICATIONS INC COM   2014-03-31 2023-02-03
31.192 VICTORY PORTFOLIOS SYCAMORE ESTABLISHED VALUE I   2022-02-08 2023-02-03
11. VISA INC COM CL A   2017-06-26 2023-02-03
27. CAPITAL ONE FINL CORP COM   2022-03-29 2023-02-15
28. JPMORGAN CHASE & CO COM   2012-09-05 2023-02-15
13. DOLLAR GEN CORP NEW COM   2016-03-23 2023-02-22
12. ACCENTURE PLC IRELAND SHS CLASS A   2008-03-06 2023-02-22
146.295 AB CAP FD INC SMALL CAP GROWTH ADVISOR   2021-10-07 2023-03-07
16.711 AB CAP FD INC SMALL CAP GROWTH ADVISOR   2022-08-19 2023-03-07
156.413 BAIRD FDS INC AGGREGATE BOND INST   2022-11-17 2023-03-07
12. BOEING CO COM   2022-02-25 2023-03-07
6. BROADCOM INC COM   2021-08-25 2023-03-07
31. CISCO SYS INC COM   2010-02-04 2023-03-07
8. DANAHER CORPORATION COM   2022-03-22 2023-03-07
10. META PLATFORMS INC CL A   2016-09-02 2023-03-07
11. META PLATFORMS INC CL A   2017-09-13 2023-03-07
78.459 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2014-08-13 2023-03-07
10.3 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2014-08-28 2023-03-07
45.14 FIDELITY INVT TR EMERGING MARKETS Z   2022-08-19 2023-03-07
130.89 GOLDMAN SACHS TR EMERGING MARKETS EQUITY INSIGHTS INTL   2022-06-29 2023-03-07
195.823 LORD ABBETT INVT TR SHORT DURATION INCOME F   2019-07-17 2023-03-07
114.543 MFS SER TR XIII NEW DISCOVERY VALUE R6   2022-02-08 2023-03-07
134.626 MFS SER TR XIII NEW DISCOVERY VALUE R6   2022-08-19 2023-03-07
4. OREILLY AUTOMOTIVE INC COM   2011-09-13 2023-03-07
172.216 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2020-10-28 2023-03-07
193.987 PIMCO FDS INCOME INSTL   2013-09-26 2023-03-07
82.418 VANGUARD FIXED INCOME SECS FD GNMA ADM   2022-11-17 2023-03-07
118. BALL CORP COM   2008-01-22 2023-04-20
60. BALL CORP COM   2014-12-01 2023-04-20
118. BALL CORP COM   2008-01-22 2023-04-20
60. BALL CORP COM   2014-12-01 2023-04-20
30. MICRON TECHNOLOGY INC COM   2020-09-28 2023-04-20
24. MICRON TECHNOLOGY INC COM   2021-06-28 2023-04-20
30. MICRON TECHNOLOGY INC COM   2020-09-28 2023-04-20
24. MICRON TECHNOLOGY INC COM   2021-06-28 2023-04-20
17. TARGET CORP COM   2020-12-11 2023-04-20
1. TARGET CORP COM   2021-04-28 2023-04-20
17. TARGET CORP COM   2020-12-11 2023-04-20
1. TARGET CORP COM   2021-04-28 2023-04-20
24. DOLLAR GEN CORP NEW COM   2016-03-23 2023-04-26
12. DANAHER CORPORATION COM   2021-09-28 2023-04-27
30.236 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2018-01-29 2023-05-09
218.906 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2018-01-11 2023-05-09
745.527 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2021-07-13 2023-05-09
136.233 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2014-08-13 2023-05-09
5759.303 LORD ABBETT INVT TR SHORT DURATION INCOME F   2019-07-17 2023-05-09
2698.507 PIMCO FDS INCOME INSTL   2013-09-26 2023-05-09
4219.33 TCW FDS INC EMERGING MARKETS INCOME I   2019-07-17 2023-05-09
106. CAPITAL ONE FINL CORP COM   2020-05-08 2023-05-11
3. CAPITAL ONE FINL CORP COM   2022-03-29 2023-05-11
28. ALPHABET INC CAP STK CL C   2012-06-29 2023-05-22
4. BLACKROCK INC COM   2017-04-12 2023-05-22
28. BOSTON SCIENTIFIC CORP COM   2020-12-29 2023-05-22
9. MICROSOFT CORP COM   2016-09-02 2023-05-22
4. OREILLY AUTOMOTIVE INC COM   2011-09-13 2023-05-22
12. SALESFORCE INC COM   2019-09-26 2023-05-22
9. WASTE MGMT INC DEL COM   2021-04-28 2023-05-22
14. DOLLAR GEN CORP NEW COM   2016-03-23 2023-05-25
26. APPLE INC COM   2016-01-12 2023-05-26
9. MICROSOFT CORP COM   2016-09-02 2023-05-26
51. QUALCOMM INC COM   2021-09-24 2023-06-27
33. UNION PAC CORP COM   2018-03-09 2023-06-27
26. UNION PAC CORP COM   2020-10-21 2023-06-27
26. UNION PAC CORP COM   2021-01-20 2023-06-27
20. DOLLAR GEN CORP NEW COM   2016-03-23 2023-06-28
131.629 AB CAP FD INC SMALL CAP GROWTH ADVISOR   2021-10-07 2023-07-20
2437.201 BAIRD FDS INC AGGREGATE BOND INST   2022-11-17 2023-07-20
250.522 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2015-01-21 2023-07-20
160.643 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2017-01-11 2023-07-20
501.002 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2017-02-13 2023-07-20
129.445 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2018-01-29 2023-07-20
158.457 FIDELITY INVT TR EMERGING MARKETS Z   2022-06-29 2023-07-20
586.635 GOLDMAN SACHS TR EMERGING MARKETS EQUITY INSIGHTS INTL   2022-06-29 2023-07-20
246.862 MFS SER TR XIII NEW DISCOVERY VALUE R6   2022-02-08 2023-07-20
72.037 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2015-01-21 2023-07-20
932.836 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2014-08-13 2023-07-20
462.963 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2021-10-19 2023-07-20
185.014 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2014-08-28 2023-07-20
3136.531 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INST   2015-04-15 2023-07-20
1818.181 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INST   2021-07-13 2023-07-20
226.654 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2020-07-07 2023-07-20
100.773 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2020-10-28 2023-07-20
473.732 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2023-05-09 2023-07-20
56.878 PIMCO FDS INCOME INSTL   2013-09-26 2023-07-20
84.585 T ROWE PRICE MID-CAP GROWTH I   2019-09-24 2023-07-20
1484.874 TCW FDS INC EMERGING MARKETS INCOME I   2020-10-28 2023-07-20
792.683 TCW FDS INC EMERGING MARKETS INCOME I   2021-07-13 2023-07-20
114.458 TCW FDS INC EMERGING MARKETS INCOME I   2019-10-15 2023-07-20
423.251 TCW FDS INC EMERGING MARKETS INCOME I   2019-07-17 2023-07-20
45.473 VICTORY PORTFOLIOS SYCAMORE ESTABLISHED VALUE I   2022-02-08 2023-07-20
51.292 VICTORY PORTFOLIOS SYCAMORE ESTABLISHED VALUE I   2022-08-19 2023-07-20
18. JPMORGAN CHASE & CO COM   2012-09-05 2023-08-07
19. JOHNSON & JOHNSON COM   2020-11-17 2023-08-07
5. BROADCOM INC COM   2020-09-28 2023-08-17
38. DOLLAR GEN CORP NEW COM   2016-03-23 2023-08-18
5. OREILLY AUTOMOTIVE INC COM   2011-09-13 2023-08-18
155. CITIZENS FINL GROUP INC COM   2022-08-10 2023-08-22
19. CITIZENS FINL GROUP INC COM   2022-10-31 2023-08-22
126. CITIZENS FINL GROUP INC COM   2022-12-16 2023-08-22
7. FEDEX CORP COM   2019-05-22 2023-08-22
13.252 TCW FDS INC EMERGING MARKETS INCOME I   2020-10-28 2023-09-05
506.97 TCW FDS INC EMERGING MARKETS INCOME I   2021-10-19 2023-09-05
2261.307 TCW FDS INC EMERGING MARKETS INCOME I   2022-11-17 2023-09-05
2471.17 TCW FDS INC EMERGING MARKETS INCOME I   2023-01-05 2023-09-05
23. TARGET CORP COM   2020-07-29 2023-09-26
27. TARGET CORP COM   2020-11-09 2023-09-26
3. TARGET CORP COM   2020-12-11 2023-09-26
.6667 VERALTO CORP COM SHS   2021-09-28 2023-10-06
.6667 VERALTO CORP COM SHS   2022-03-22 2023-10-06
8. FEDEX CORP COM   2019-05-22 2023-10-27
2. SALESFORCE INC COM   2019-09-26 2023-10-27
1. VERALTO CORP COM SHS   2021-09-28 2023-10-27
1. VERALTO CORP COM SHS   2022-03-22 2023-10-27
13. VERALTO CORP COM SHS   2012-07-12 2023-10-27
2. ACCENTURE PLC IRELAND SHS CLASS A   2008-03-06 2023-10-27
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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 2,000   1,979 21
b 32,102   35,196 -3,094
c 8,898   9,500 -602
d 2,500   2,819 -319
e 3,000   3,110 -110
750   845 -95
16,500   16,812 -312
1,000   1,149 -149
4,585   7,038 -2,453
377   454 -77
38   46 -8
3,479   657 2,822
4,780   3,872 908
3,011   2,788 223
2,655   2,417 238
750   894 -144
4,072   3,097 975
1,000   951 49
2,985   2,852 133
6,959   2,688 4,271
2,500   2,688 -188
3,028   685 2,343
2,946   2,078 868
1,612   1,981 -369
388   390 -2
1,741   1,692 49
759   1,000 -241
1,500   1,997 -497
2,456   2,865 -409
2,000   1,863 137
2,266   1,647 619
5,150   5,953 -803
1,500   1,535 -35
2,520   1,050 1,470
3,103   3,664 -561
3,994   1,043 2,951
2,957   1,103 1,854
3,246   421 2,825
8,526   13,440 -4,914
974   1,000 -26
1,500   1,497 3
2,507   2,418 89
3,759   2,904 855
1,511   722 789
1,964   2,343 -379
1,852   1,262 590
2,037   1,899 138
663   806 -143
87   106 -19
1,500   1,504 -4
1,000   1,073 -73
750   824 -74
2,069   2,328 -259
2,431   2,500 -69
3,305   271 3,034
1,500   1,905 -405
2,000   2,410 -410
750   756 -6
6,086   1,244 4,842
3,095   2,029 1,066
6,086   1,244 4,842
3,095   2,029 1,066
1,795   1,478 317
1,436   1,985 -549
1,795   1,478 317
1,436   1,985 -549
2,735   2,913 -178
161   205 -44
2,735   2,913 -178
161   205 -44
5,265   2,037 3,228
2,760   3,620 -860
255   303 -48
1,845   2,200 -355
6,285   7,500 -1,215
1,148   1,399 -251
22,231   24,247 -2,016
28,199   33,519 -5,320
25,696   35,611 -9,915
9,140   6,534 2,606
259   407 -148
3,520   557 2,963
2,682   1,529 1,153
1,509   995 514
2,889   518 2,371
3,717   271 3,446
2,536   1,838 698
1,473   1,224 249
2,832   1,188 1,644
4,559   646 3,913
2,964   518 2,446
6,040   6,837 -797
6,679   4,474 2,205
5,262   5,202 60
5,262   5,666 -404
3,359   1,698 1,661
8,100   12,093 -3,993
23,641   23,324 317
2,142   2,470 -328
1,374   1,600 -226
4,284   5,000 -716
1,107   1,297 -190
5,627   5,249 378
4,787   4,810 -23
4,505   5,016 -511
633   772 -139
8,200   10,000 -1,800
4,069   5,000 -931
1,626   2,000 -374
27,570   34,000 -6,430
15,982   20,000 -4,018
1,992   2,500 -508
886   1,115 -229
4,164   4,178 -14
596   707 -111
8,688   8,018 670
9,206   11,894 -2,688
4,915   6,500 -1,585
710   950 -240
2,624   3,572 -948
2,164   2,237 -73
2,440   2,500 -60
2,832   670 2,162
3,276   2,852 424
4,148   1,818 2,330
6,218   3,225 2,993
4,704   339 4,365
4,180   5,971 -1,791
512   779 -267
3,398   4,786 -1,388
1,803   1,141 662
80   106 -26
3,067   4,000 -933
13,681   13,500 181
14,951   15,000 -49
2,557   2,852 -295
3,002   4,275 -1,273
334   514 -180
51   70 -19
51   68 -17
1,820   1,304 516
392   306 86
68   106 -38
68   102 -34
886   170 716
579   70 509
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
      6,319
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       21
b       -3,094
c       -602
d       -319
e       -110
      -95
      -312
      -149
      -2,453
      -77
      -8
      2,822
      908
      223
      238
      -144
      975
      49
      133
      4,271
      -188
      2,343
      868
      -369
      -2
      49
      -241
      -497
      -409
      137
      619
      -803
      -35
      1,470
      -561
      2,951
      1,854
      2,825
      -4,914
      -26
      3
      89
      855
      789
      -379
      590
      138
      -143
      -19
      -4
      -73
      -74
      -259
      -69
      3,034
      -405
      -410
      -6
      4,842
      1,066
      4,842
      1,066
      317
      -549
      317
      -549
      -178
      -44
      -178
      -44
      3,228
      -860
      -48
      -355
      -1,215
      -251
      -2,016
      -5,320
      -9,915
      2,606
      -148
      2,963
      1,153
      514
      2,371
      3,446
      698
      249
      1,644
      3,913
      2,446
      -797
      2,205
      60
      -404
      1,661
      -3,993
      317
      -328
      -226
      -716
      -190
      378
      -23
      -511
      -139
      -1,800
      -931
      -374
      -6,430
      -4,018
      -508
      -229
      -14
      -111
      670
      -2,688
      -1,585
      -240
      -948
      -73
      -60
      2,162
      424
      2,330
      2,993
      4,365
      -1,791
      -267
      -1,388
      662
      -26
      -933
      181
      -49
      -295
      -1,273
      -180
      -19
      -17
      516
      86
      -38
      -34
      716
      509
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 23,346
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
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 right arrow 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) 1 966
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........................... 3 966
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- ..... 5 966
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 696
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 696
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.......right arrow 9 270
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowIA
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 2023 or the taxable year beginning in 2023? 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
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 addressright arrow  
14
The books are in care ofright arrowMIDWESTONE BANK Telephone no.right arrow (319) 356-5933

Located atright arrowPO BOX 1700IOWA CITYIA ZIP+4right arrow52244
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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)
 
No
(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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
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
MIDWESTONE BANK TRUSTEE
5 		8,826    
PO BOX 1700
IOWA CITY,IA52244
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...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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.............right arrow0
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.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
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
2,135,256
b
Average of monthly cash balances.......................
1b
53,229
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,188,485
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
2,188,485
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
32,827
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,155,658
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
107,783
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
107,783
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
966
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
966
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
106,817
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
106,817
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
106,817
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
119,082
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
119,082
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 106,817
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 39,030
b From 2019...... 684
c From 2020...... 17,764
d From 2021...... 0
e From 2022...... 22,760
f Total of lines 3a through e ........ 80,238
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 119,082
a Applied to 2022, 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 2023 distributable amount..... 106,817
e Remaining amount distributed out of corpus 12,265
5 Excess distributions carryover applied to 2023. 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 92,503
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		39,030
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		53,473
10 Analysis of line 9:
a Excess from 2019.... 684
b Excess from 2020.... 17,764
c Excess from 2021.... 0
d Excess from 2022.... 22,760
e Excess from 2023.... 12,265
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
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 right arrow
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 (2023)
Form 990-PF (2023)
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

UNIVERSITY OF IOWA
GRANT ACCOUNTING OFFICE
B5 JESSUP HALL
IOWA CITY,IA52242 		NONE PC RESEARCH 112,000
Total .................................right arrow 3a 112,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
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 ........... 		         
4 Dividends and interest from securities ....       61,594  
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 23,346  
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) ..   87,398  
13Total. Add line 12, columns (b), (d), and (e)..................
13
87,398
(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 (2023)
Form 990-PF (2023)
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)
 
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
N BALL TRUST 000794
EIN:
42-6281954
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 8,606 4,303   4,303

TY 2023 InvestmentsCorpBondsSchedule
Name:
N BALL TRUST 000794
EIN:
42-6281954
Name of Bond End of Year Book Value End of Year Fair Market Value
BAGIX - BAIRD FDS INC AGGR BD 121,142 124,375
FIHBX - FEDERATED HERMES INSTL 34,130 33,755
LDLFX - LORD ABBETT INVT TR SH 61,315 57,811
MYFRX - PIONEER SER TR X MLTAS 41,048 40,937
PIGIX - PIMCO FDS PAC INVT MGM 109,920 100,062
PIMIX - PIMCO FDS INCOM FD INS 122,176 107,602
TGEIX - TCW FDS INC EMRG MKTS    
VFIJX - VANGUARD FIXED INCOME 105,039 99,083
VWETX - VANGUARD FIXED INCOME 162,266 166,988
36202CY72 - GNMA PASS-THRU M S    
VUSUX - VANGUARD FIXED INCOMEM 40,809 40,122
EBNGX - AMERICAN FDS ERMERGIN 31,884 33,292

TY 2023 InvestmentsCorpStockSchedule
Name:
N BALL TRUST 000794
EIN:
42-6281954
Name of Stock End of Year Book Value End of Year Fair Market Value
ABT - ABBOTT LABS COM 4,372 15,850
ALL - ALLSTATE CORP COM 3,527 15,958
GOOG - ALPHABET INC - CL C 6,347 44,957
AMT - AMERICAN TOWER CORP NEW 8,156 18,350
AAPL - APPLE INC COM 4,136 45,437
BALL - BALL CORP COM    
BDX - BECTON DICKINSON AND CO 11,637 19,019
BA - BOEING CO COM 12,839 27,369
CVS - CVS HEALTH CORPORATION C 13,413 17,529
CVX - CHEVRON CORPORATION COM 5,035 11,187
CSCO - CISCO SYS INC COM 16,555 27,281
DHR - DANAHER CORP DEL COM 3,914 11,336
DG - DOLLAR GENERAL CORP NEW    
D - DOMINION RES INC VA NEW CO 5,681 4,230
DUK - DUKE ENERGY CORP NEW COM 10,579 14,071
HD - HOME DEPOT INC COM 9,983 27,031
ITW - ILLINOIS TOOLWORKS 2,722 16,240
JPM - JPMORGAN CHASE & CO COM 4,842 22,113
JNJ - JOHNSON & JOHNSON COM 7,378 17,241
MSFT - MICROSOFT CORP COM 6,270 40,988
MDLZ - MONDELEZ INTL INC CL A 1,727 8,402
ORLY - O REILLY AUTOMOTIVE INC 1,832 25,652
ORCL - ORACLE SYSTEMS CORPORAT 4,094 23,827
PEP - PEPSICO INCORPPORATED 4,604 11,209
PXD - PIONEER NAT RES CO COM 10,164 11,694
PG - PROCTOR & GAMBLE CO COM 4,175 13,335
UNH - UNITEDHEALTH GROUP INC C 8,608 33,694
VLO - VALERO ENERGY CORP NEW C 6,297 15,730
VZ - VERIZON COMMUNICATIONS IN    
V - VISA INC COM CL A 12,074 30,982
AVGO - BROADCOM LTD 7,740 47,999
BLK - BLACKROCK INC COMMON 8,794 18,671
CRM - SALESFORCE COM INC COM 10,096 25,788
AMAT - APPLIED MATLS INC COM 5,543 18,314
COST - COSTCO WHSL CORP NEW CO 11,551 30,364
NFLX - NETFLIX INC COM 5,637 11,198
UNP - UNION PAC CORP COM    
WM - WALMART INC COM 12,256 19,549
ACN - ACCENTURE PLC IRELAND SH    
FDX - FEDEX CORP COM 6,846 10,625
CI - CIGNA CORP COMMON 4,869 9,283
CTVA - CORTEVA INC 12,403 12,172
BSX - BOSTON SCIENTIFIC CORP C 15,309 20,118
COF - CAPITAL ONE FINL CORP CO    
DIS - DISNEY WALT CO COM 16,294 12,641
GS - GOLDMAN SACHS GROUP INC C 10,513 18,131
MU - MICRON TECHNOLOGY INC 7,670 13,654
TGT - TARGET CORP COM    
AMZN - AMAZON COM INC COM 20,296 27,805
BX - BLACKSTONE INC COM 13,183 17,281
CFG - CITIZENS FINL GROUP INC    
GM - GENERAL MTRS CO COM 14,703 9,950
HPE - HEWLETT PACKARD ENTERPRI 7,567 8,830
MET - METLIFE INC COM 8,760 8,928
META - META PLATFORMS INC CL A 8,970 21,592
NEE - NEXTERA ENERGY INC COM 5,369 3,827
NOW - SERVICENOW INC COM 11,732 18,369
QCOM - QUALCOMM INC COM    
WM - WASTE MGMT INC DEL COM 9,705 14,686
ADI - ANALOG DEVICES INC COM 4,487 5,560
APD - AIR PRODS & CHEMS INC CO 4,631 4,381
CMG - CHIPOTLE MEXICAN GRILL I 11,055 13,722
DE - DEERE & CO COM 19,048 18,794
EMR - EMERSON ELEC CO COM 3,438 3,796
GLW - CORNING INC COM 6,060 5,298
MRO - MARATHON OIL CORP COM 4,546 4,131
MS - MORGAN STANLEY COM NEW 8,063 9,045
SCHW - SHCWAB CHARLES CORP COM 9,380 13,691
TMUS - T-MOBILE US INC COM 10,024 11,063
ACN - ACCENTURE PLC IRELAND SH 2,628 26,318
LYB - LYONDELLBASELL INDUSTRIE 4,517 4,564

TY 2023 InvestmentsOtherSchedule2
Name:
N BALL TRUST 000794
EIN:
42-6281954
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CSSPX - COHEN & STEERS GLOBAL AT COST 22,320 21,076
MIEIX - MFS INSTL INTL EQUITY AT COST 95,634 112,483
FZEMX - FIDELITY INVT TR ADV E AT COST 27,346 29,478
GERIX - GOLDMAN SACHS TR EMGMK AT COST 29,168 29,244
NDVVX - MFS SER TR XIII NW DSC AT COST 35,768 39,881
QUAYX - AB CAP FD INC ADVISOR AT COST 56,560 40,248
RPTIX - T ROWE PRICE MID-CAP G AT COST 44,062 46,756
VEVIX - VICTORY PORTFOLIOS SYC AT COST 42,116 47,414
GNMA PASS- THRU M SINGLE FAMIL AT COST 28 7

TY 2023 LegalFeesSchedule
Name:
N BALL TRUST 000794
EIN:
42-6281954
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA 572 286   286
LEGAL FEES - INCOME (ALLOCABLE 572 286   286


TY 2023 OtherExpensesSchedule
Name:
N BALL TRUST 000794
EIN:
42-6281954
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE - 10 10   0
OTHER NON-ALLOCABLE EXPENSE - 10 10   0
INVESTMNT MNGMNT FEES (NON-DED 2,942 2,942   0


TY 2023 OtherIncomeSchedule2
Name:
N BALL TRUST 000794
EIN:
42-6281954
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER REVENUE 2,458 0  


TY 2023 OtherIncreasesSchedule
Name:
N BALL TRUST 000794
EIN:
42-6281954
Description Amount
COST BASIS ADJ 575


TY 2023 TaxesSchedule
Name:
N BALL TRUST 000794
EIN:
42-6281954
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 93 93   0
FEDERAL TAX PAYMENT - PRIOR YE 328 0   0
FOREIGN TAXES ON QUALIFIED FOR 364 364   0
FOREIGN TAXES ON NONQUALIFIED 122 122   0