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 04-01-2023 , and ending 03-31-2024
Name of foundation
KINGS DAUGHTERS HOME FOR OLD PEOPLE
C/O TWO RIVERS BANK
Number and street (or P.O. box number if mail is not delivered to street address)222 N MAIN STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BURLINGTON, IA52601
A Employer identification number

42-0627329
B Telephone number (see instructions)

(319) 753-9130
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$419,135J 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) 388,669
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 705 705 705
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
68,240   68,240
12 Total. Add lines 1 through 11........ 457,614 705 68,945
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 900 360 180 360
14 Other employee salaries and wages...... 217,771 65,331 43,554 108,886
15 Pension plans, employee benefits....... 19,336 5,800 3,867 9,669
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,550 1,020 510 1,020
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
20,571 10,286 10,285
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
111,623 43,584 21,985 46,054
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 372,751 126,381 80,381 165,989
25 Contributions, gifts, grants paid....... 62,275 62,275
26 Total expenses and disbursements. Add lines 24 and 25 435,026 126,381 80,381 228,264
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 22,588
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -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......... 20,100 20,299 20,299
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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 arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow822,926
Less: accumulated depreciation (attach schedule) right arrow424,090 376,447 Click to see attachment
List of Attached Documents:
// Content
398,836 		398,836
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 396,547 419,135 419,135
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........... 396,547 419,135
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........    
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)..... 396,547 419,135
30 Total liabilities and net assets/fund balances (see instructions). 396,547 419,135
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
396,547
2
Enter amount from Part I, line 27a .....................
2
22,588
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
419,135
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
419,135
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
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
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
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 0
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  
3 Add lines 1 and 2........................... 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5  
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
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 arrow   Refundedright arrow 11  
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 arrow
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
Yes
 
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 arrowN/A
14
The books are in care ofright arrowTWO RIVERS BANK TRUST Telephone no.right arrow (319) 753-9130

Located atright arrow222 N MAIN STBURLINGTONIA ZIP+4right arrow52601
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)
 
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
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
 
 
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
MARY HART DIRECTOR
1.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
KAY JACOBS SECRETARY
2.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
CAROL DODGE DIRECTOR
1.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
SHARON WALDEN DIRECTOR
1.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
MARY DISSELHORST DIRECTOR
1.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
TWO RIVERS BANK TRUST TRUSTEE
5.00 		900 0 0
222 N MAIN
BURLINGTON,IA52601
MARTI HUSKEY VICE PRESIDE
2.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
JANE RICHTER PRESIDENT
2.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
LYNN CARLSON TREASURER
2.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
CAROL DODGE DIRECTOR
1.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
MONIKA DOWELL CORRESPONDIN
1.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
DANA KINNEY DIRECTOR
1.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
PAT MAYLE DIRECTOR
1.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
OLIVE SULLIVAN DIRECTOR
1.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
JANET SCHNOEBELEN DIRECTOR
1.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
SUE EDEN DIRECTOR
1.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
KAREN SCHISEL DIRECTOR
1.00 		0 0 0
222 N MAIN
BURLINGTON,IA52601
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  
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 arrow  
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 OPERATION OF A FACILITY FOR THE LONG-TERM CARE, COMFORT AND MAINTENANCE OF ELDERLY PERSONS 165,989
2 AWARD OF COLLEGE SCHOLARSHIPS TO AREA HIGH SCHOOL STUDENTS 23,750
3 SUPPORT OF NUMEROUS AREA CHARITABLE ORGANIZATIONS THAT ENHANCE THE QUALITY OF LIFE TO THE ELDERLY HOME RESIDENTS AND CITIZENS OF THE GREATER BURLINGTON, IOWA AREA, WITH EACH INDIVIDUAL CONTRIBUTION EQUAL TO 6,000 OR LESS 23,525
4 SUPPORT OF CAMP LOOKOUT IN MONTROSE, IA 15,000
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 N/A  
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
0
b
Average of monthly cash balances.......................
1b
20,200
c
Fair market value of all other assets (see instructions)................
1c
398,836
d
Total (add lines 1a, b, and c).........................
1d
419,036
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
419,036
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
6,286
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
412,750
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
20,638
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
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
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
228,264
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
228,264
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  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 228,264
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus 228,264
5 Excess distributions carryover applied to 2023.    
(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 5 228,264
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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
0       0
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		228,264 251,101 277,728 302,493 1,059,586
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 .... 		228,264 251,101 277,728 302,493 1,059,586
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 .. 		13,759 165,665 325,794 293,148 798,366
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 e-mail address of the person to whom applications should be addressed:
TWO RIVERS BANK AND TRUST
PO BOX 728
BURLINGTON,IA52601
(319) 753-9100
bThe form in which applications should be submitted and information and materials they should include:
SEE SCHOLARSHIP APPLICATION ATTACHED
cAny submission deadlines:
MARCH 15TH OF EACH YEAR
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
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

CITY HOPE FOUNDATION

906 MAPLE STREET
BURLINGTON,IA52601 		NONE   FOOD PANTRY 1,000

SUMM - FOOD PANTRY

1100 ANGULAR STREET
BURLINGTON,IA52601 		NONE   FOOD PANTRY 1,000

CAMP LOOKOUT

RIVER ROAD
MONTROSE,IA52639 		NONE   CAMP OPERATIONS 15,000

ST VINCENT DE PAUL FOOD PANTRY

701 DIVISION
BURLINGTON,IA52601 		NONE   FOOD PANTRY 1,000

SALVATION ARMY

323 COLUMBUS DR
BURLINGTON,IA52601 		NONE   FOOD PANTRY 1,000

COMMUNITY ACTION OF SE IA

700 JEFFERSON ST
BURLINGTON,IA52601 		NONE   ASSISTANCE 1,000

LEND A PAW FOOD PANTRY

1429 WEST AVE
BURLINGTON,IA52601 		NONE   FOOD PANTRY 1,000

MEDIAPOLIS FOOD PANTRY

801 MIDDLE
MEDIAPOLIS,IA52637 		NONE   FOOD PANTRY 1,000

ZION CHURCH FOOD PANTRY

412 N 5TH
BURLINGTON,IA52601 		NONE   FOOD PANTRY 1,000

IOKDS -CHAUTAUQUA

PO BOX 1017
CHAUTAUQUA,NY14722 		PARENT   DONATION 5,000

BURLINGTON MUNICIPAL BAND FOUNDATIO

PO BOX 141
BURLINGTON,IA52601 		NONE   EXPENSE SUPPORT 500

KINGS DAUGHTER WHAT-SO-EVER-CIRCLE

5547 FAIRWAY DRIVE
BURLINGTON,IA52601 		SISTER   DONATION 2,325

OTHER MISCELLANEOUS

222 N MAIN STREET
BURLINGTON,IA52601 		NONE   DONATION 6,700

SPECIAL NEEDS FOUNDATION

829 HARRISON AVE
BURLINGTON,IA52601 		NONE   DONATION 1,000
ANNABEL JOHNSON


12690 FLINT BOTTOM ROAD
BURLINGTON,IA52601 		NONE   SCHOLARSHIP 2,500
STYLE HAEFFNER


18712 125TH STREET
DANVILLE,IA52623 		NONE   SCHOLARSHIP 2,500
DREW FOX


22015 AGENCY ROAD
DANVILLE,IA52623 		NONE   SCHOLARSHIP 2,500
KYLIE JO PARRISH


2201 SPRAY STREET
BURLINGTON,IA52601 		NONE   SCHOLARSHIP 1,250
HOPE WARD


4522 WEST AVE
BURLINGTON,IA52601 		NONE   SCHOLARSHIP 2,500
HAYLEIGH PAPPALARDO


1124 S LEEBRICK ST
BURLINGTON,IA52601 		NONE   SCHOLARSHIP 2,500
CATHERINE TAYLOR


11912 DMC HWY 99 TRLR 14
BURLINGTON,IA52601 		NONE   SCHOLARSHIP 2,500
ABIGAIL BENCE


1412 SOUTH LEEBRICK
BURLINGTON,IA52601 		NONE   SCHOLARSHIP 2,500
SAMUEL MOREHEAD


1335 SOUTH GARFIELD AVE
BURLINGTON,IA52601 		NONE   SCHOLARSHIP 2,500
JAYAH KENT


2640 S MAIN STREET
BURLINGTON,IA52601 		NONE   SCHOLARSHIP 2,500
Total .................................right arrow 3a 62,275
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
aROOM AND BOARD FOR ELDERLY         68,240
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 705  
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 ............ 		         
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) ..   705 68,240
13Total. Add line 12, columns (b), (d), and (e)..................
13
68,945
(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.)
1A THE ORGANIZATION OPERATES A RETIREMENT HOME FOR THE CARE
1A COMFORT AND MAINTENANCE OF THE ELDERLY, AND COLLECTS ROOM
1A AND BOARD FROM RESIDENTS AS A PARTIAL OFFSET TO THE
1A FACILITY'S OPERATING EXPENSES
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)
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) 388,669 KING'S DAUGHTERS HOME THIS ENTITY SERVES A A 501(C)(2) TITLE HOLDING ENTITY FOR THE KINGS DAUGHTERS HOME FOR OLD PEOPLE. DURING THE YEAR, EXCESS CASH FUNDS ARE TRANSFERRED TO THE TRUST FOR INVESTMENT AND ALL INVESTMENT INCOME IS TRANSFERRED BACK TO THE HOME ON A QUARTERLY BASIS.
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:
KINGS DAUGHTERS HOME FOR OLD PEOPLE
 
C/O TWO RIVERS BANK
EIN:
42-0627329
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTANT FEES 2,550 1,020 510 1,020

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

TY 2023 DepreciationSchedule
Name:
KINGS DAUGHTERS HOME FOR OLD PEOPLE
 
C/O TWO RIVERS BANK
EIN:
42-0627329
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
ELEVATOR 1990-08-16 19,143 19,143 S/L 10.0000        
ELEVATOR MOTOR 1994-07-13 1,525 1,525 S/L 10.0000        
TV 1992-11-12 891 891 S/L 10.0000        
AMANA FREEZER 1994-10-11 662 662 S/L 10.0000        
AMANA AIR CONDITIONER 1994-10-11 715 715 S/L 10.0000        
CURIO TABLE 1995-06-14 481 481 S/L 10.0000        
AIR CONDITIONER & FURNACE 1996-12-10 9,235 9,235 S/L 10.0000        
APPLIANCES 1998-03-10 1,831 1,831 S/L 10.0000        
ROCKING CHAIR 1999-06-09 86 86 S/L 10.0000        
VACUUM 1999-08-10 532 532 S/L 10.0000        
CLOTHES DRYER 2003-03-11 364 347 S/L 10.0000        
MAYTAG REFRIGERATOR 2005-08-01 1,182 1,182 S/L 10.0000        
REFINISHING FURNITURE 2006-08-17 3,786 3,786 S/L 7.0000        
MAYTAG DISHWASHER 2006-09-12 576 576 S/L 7.0000        
CROSLEY 20 CU FT FREEZER 2007-11-13 760 760 S/L 7.0000        
RANGE 2008-02-12 434 341 S/L 7.0000        
FLAT SCREEN TV 2008-02-12 1,567 1,232 S/L 7.0000        
REFRIGERATOR 2008-09-09 535 535 200DB 7.0000        
FAUCET & VANITY CABINET 2008-12-22 509 509 200DB 7.0000        
FREEZER 2009-06-20 1,308 1,308 200DB 7.0000        
DISHWASHER 2009-09-08 567 567 200DB 7.0000        
COMPUTER SYSTEM 2011-01-11 762 762 200DB 5.0000        
REMODELING IMPRVMNT 1990-06-30 28,083 28,083 S/L 15.0000        
REMODELING 1991-09-11 3,144 3,144 S/L 15.0000        
ELECTRICAL WORK 1992-04-17 4,922 4,922 S/L 15.0000        
ASPHALT DRIVEWAY 1993-05-13 1,600 1,600 S/L 15.0000        
REMODELING 1992-08-13 871 871 S/L 15.0000        
CARPET 1992-10-14 398 398 S/L 15.0000        
REMODELING 1992-12-23 7,300 7,300 S/L 15.0000        
REMODELING 1993-02-12 9,916 9,916 S/L 15.0000        
WIRING 1993-02-12 316 316 S/L 15.0000        
PLUMBING 1993-03-12 3,890 3,890 S/L 15.0000        
CARPET 1993-03-10 793 793 S/L 15.0000        
WIRING 1993-03-10 3,342 3,342 S/L 15.0000        
REMODELING 1992-10-14 1,829 1,829 S/L 15.0000        
ROOF 1994-09-14 12,330 12,330 S/L 15.0000        
2ND STORY BATHROOM 2009-12-09 1,083 992 150DB 15.0000 61 30 31  
INTERIOR REMODELING 1996-07-29 19,935 19,935 S/L 15.0000        
CARPET 1996-12-18 1,957 1,957 S/L 15.0000        
KITCHEN REMODEL 1997-12-09 20,379 20,379 S/L 15.0000        
CARPET 1998-03-03 2,049 2,049 S/L 15.0000        
INTERIOR REMODELING 1997-04-08 10,517 10,517 S/L 15.0000        
HANDRAIL 1997-05-13 4,233 4,233 S/L 15.0000        
REMODEL 1998-12-08 1,950 1,950 S/L 15.0000        
SIDEWALK 1999-04-13 1,225 1,225 S/L 15.0000        
NEW SIGN 1999-06-11 60 60 S/L 15.0000        
ENTRY DOOR/GARAGE 1999-07-13 374 374 S/L 15.0000        
CEILING FANS 1999-07-13 254 254 S/L 15.0000        
CEILING FANS 1999-08-10 1,285 1,285 S/L 15.0000        
CARPET 1999-08-19 2,000 2,000 S/L 15.0000        
WINDOW 1999-10-12 259 259 S/L 15.0000        
CARPET 1999-11-09 446 446 S/L 15.0000        
DEPOSIT ON PORCH 2000-01-12 600 600 S/L 15.0000        
GARAGE DOOR W/ OPENER 2000-01-12 918 918 S/L 15.0000        
CONCRETE 2000-02-08 1,975 1,975 S/L 15.0000        
STORM WINDOWS 2000-05-09 2,948 2,948 S/L 15.0000        
STORM DOORS 2000-06-14 494 494 S/L 15.0000        
SERVICE TO 2ND FLOOR 2001-01-10 432 432 S/L 15.0000        
LANDSCAPING 2001-05-09 2,354 2,354 S/L 15.0000        
CARPET RM 11 2004-06-08 450 333 S/L 15.0000        
RE ROOF HOUSE/GARAGE 2004-07-09 16,650 12,316 S/L 15.0000        
BASEMENT REMODEL - BEAUTY SHOP 2004-05-12 11,065 8,187 S/L 15.0000        
REMODEL/RECONSTRUCTION 2006-05-31 27,769 27,769 S/L 15.0000        
HEAT & SMOKE DETECTORS 2006-04-26 7,920 7,920 S/L 15.0000        
CARPETING 2006-05-03 3,887 3,887 S/L 15.0000        
WATER HEATER 2006-05-09 3,591 3,591 S/L 15.0000        
CONCRETE WORK; WALL SIDEWALK DRIVEWAY 2007-06-04 5,930 5,930 S/L 15.0000        
BOILER 2007-10-09 11,997 11,997 S/L 15.0000        
PARKING BLOCKS 2007-12-06 450 450 S/L 15.0000        
SOUTH SIDE BATH REMODEL 2008-06-10 14,703 14,703 200DB 7.0000        
WEST WALL CONSTRUCTION 2008-06-10 907 907 200DB 7.0000        
BIDET 2008-06-19 551 551 200DB 7.0000        
CARPETING 2008-08-12 1,320 1,320 200DB 7.0000        
ARBOR 2009-06-09 270 247 150DB 15.0000 15 7 8  
REPLACEMENT SIDEWALK 2009-12-08 350 321 150DB 15.0000 19 9 10  
POOL REPAIRS 2010-05-14 8,000 6,840 150DB 15.0000 464 232 232  
ASPHALT DRIVEWAY 2010-05-11 8,755 7,485 150DB 15.0000 508 254 254  
FLAG POLE & LIGHTING 2010-11-09 1,202 1,202 200DB 7.0000        
ELEVATOR REPAIR 2012-03-14 5,083 5,083 S/L 10.0000        
FURNITURE 2011-10-11 1,619 1,619 200DB 7.0000        
KITCHEN & BAHROOM WINDOWS 2012-03-14 2,851 807 S/L 39.0000 73 37 36  
2ND FLR BATHROOM 2012-04-11 23,715 6,664 S/L 39.0000 608 304 304  
PORCH / DECK 2012-08-16 16,667 4,541 S/L 39.0000 427 214 213  
COUNTER TOP STOVE/OVEN 2013-11-01 2,766 2,766 200DB 7.0000        
MICROWAVE 2013-11-01 281 281 200DB 7.0000        
TABLE & CHAIRS 2013-11-01 1,200 1,200 200DB 7.0000        
KITCHEN REMODEL 2013-12-01 18,850 4,491 S/L 39.0000 483 242 241  
BUILDING IMPROVEMENTS 2016-09-30 90,387 15,161 S/L 39.0000 2,318 1,159 1,159  
BUILDING IMPROVEMENTS 2017-09-30 9,565 1,359 S/L 39.0000 245 122 123  
BUILDING IMPROVEMENT 2018-09-30 76,562 8,916 S/L 39.0000 1,963 982 981  
FURNITURE 2018-09-30 13,090 10,169 200DB 7.0000 1,169 585 584  
LANDSCAPING 2018-09-30 5,992 2,257 150DB 15.0000 374 187 187  
BUILDING IMPROVEMENT 2019-09-30 58,762 5,336 S/L 39.0000 1,507 753 754  
FURNITURE 2019-09-30 3,993 3,993 200DB 5.0000        
BUILDING IMPROVEMENT 2020-09-30 36,245 2,362 S/L 39.0000 929 465 464  
BUILDING IMPROVEMENTS 2021-09-30 3,652 144 S/L 39.0000 94 47 47  
REFRIGERATOR 2021-09-30 2,054 2,054 200DB 7.0000        
FURNITURE 2022-08-01 11,249 2,250 200DB 5.0000 3,600 1,800 1,800  
ALLEY PAVING 2022-09-30 49,495 2,475 150DB 15.0000 4,702 2,351 2,351  
BUILDING IMPROVEMENTS 2022-08-24 16,210 260 S/L 39.0000 415 208 207  
BUILDING IMPROVEMENTS 2023-09-30 42,959   S/L 39.0000 597 298 299  

TY 2023 LandEtcSchedule2
Name:
KINGS DAUGHTERS HOME FOR OLD PEOPLE
 
C/O TWO RIVERS BANK
EIN:
42-0627329
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
EQUIPMENT 822,926 424,090 398,836 398,836


TY 2023 OtherExpensesSchedule
Name:
KINGS DAUGHTERS HOME FOR OLD PEOPLE
 
C/O TWO RIVERS BANK
EIN:
42-0627329
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
ADVERTISING 117 47 23 47
CONFERENCES 1,676     1,676
DUES AND SUBSCRIPTIONS 2,625 1,050 525 1,050
GROCERIES 23,218 9,287 4,643 9,288
INSURANCE 15,462 6,185 3,092 6,185
LAWN CARE 5,089 2,036 1,017 2,036
MISCELLANEOUS 6,790 2,716 1,358 2,716
PAYROLL PREP FEES 3,951 1,185 790 1,976
PEST CONTROL 770 308 154 308
REPAIRS AND MAINTENANCE 18,842 7,537 3,768 7,537
SANITATION 114 46 22 46
SECURITY 2,517 1,007 503 1,007
SUPPLIES 5,546 2,218 1,109 2,219
UTILITIES 24,906 9,962 4,981 9,963


TY 2023 OtherIncomeSchedule2
Name:
KINGS DAUGHTERS HOME FOR OLD PEOPLE
 
C/O TWO RIVERS BANK
EIN:
42-0627329
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROOM AND BOARD FOR ELDERLY 68,240   68,240