-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0047
20
24
Open to Public Inspection
For calendar year 2024, or tax year beginning
01-01-2024
, and ending
12-31-2024
Name of foundation
Grinnell Mutual Group Foundation
% Michelle Papendick
Number and street (or P.O. box number if mail is not delivered to street address)
4215 HIGHWAY 146 PO BOX 790
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Grinnell
,
IA
501120790
A Employer identification number
42-1308146
B
Telephone number (see instructions)
(641) 269-8000
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
305
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
554,000
2
Check
.............
3
Interest on savings and temporary cash investments
238
4
Dividends and interest from securities
...
0
0
0
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
0
b
Gross sales price for all assets on line 6a
0
7
Capital gain net income (from Part IV, line 2)
...
0
8
Net short-term capital gain
.........
9
Income modifications
...........
0
10a
Gross sales less returns and allowances
0
b
Less: Cost of goods sold
....
0
c
Gross profit or (loss) (attach schedule)
.....
0
0
11
Other income (attach schedule)
.......
0
0
0
12
Total.
Add lines 1 through 11
........
554,238
0
0
13
Compensation of officers, directors, trustees, etc.
0
0
0
0
14
Other employee salaries and wages
......
0
0
0
0
15
Pension plans, employee benefits
.......
0
0
0
0
16a
Legal fees (attach schedule)
.........
0
0
0
0
b
Accounting fees (attach schedule)
.......
0
0
0
0
c
Other professional fees (attach schedule)
....
0
0
0
0
17
Interest
...............
0
0
0
0
18
Taxes (attach schedule) (see instructions)
...
0
0
0
0
19
Depreciation (attach schedule) and depletion
...
0
0
0
20
Occupancy
..............
0
0
0
0
21
Travel, conferences, and meetings
.......
0
0
0
0
22
Printing and publications
..........
0
0
0
0
23
Other expenses (attach schedule)
.......
0
0
0
0
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
0
0
0
0
25
Contributions, gifts, grants paid
.......
555,095
555,095
26
Total expenses and disbursements.
Add lines 24 and 25
555,095
0
0
555,095
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-857
b
Net investment income
(if negative, enter -0-)
0
c
Adjusted net income
(if negative, enter -0-)
...
0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2024)
Form 990-PF (2024)
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
1
Cash—non-interest-bearing
.............
1,162
305
305
2
Savings and temporary cash investments
.........
0
0
0
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
0
0
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
0
0
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
0
b
Investments—corporate stock (attach schedule)
.......
0
0
c
Investments—corporate bonds (attach schedule)
.......
0
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
0
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
0
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
0
15
Other assets (describe
)
0
0
0
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
1,162
305
305
17
Accounts payable and accrued expenses
..........
0
0
18
Grants payable
.................
0
0
19
Deferred revenue
.................
0
0
20
Loans from officers, directors, trustees, and other disqualified persons
0
0
21
Mortgages and other notes payable (attach schedule)
......
0
22
Other liabilities (describe
)
List of Attached Documents:
// Content
0
List of Attached Documents:
// Content
0
23
Total liabilities
(add lines 17 through 22)
.........
0
0
Foundations that follow FASB ASC 958, check here
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
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
1,162
305
29
Total net assets or fund balances
(see instructions)
.....
1,162
305
30
Total liabilities and net assets/fund balances
(see instructions)
.
1,162
305
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
1,162
2
Enter amount from Part I, line 27a
.....................
2
-857
3
Other increases not included in line 2 (itemize)
3
4
Add lines 1, 2, and 3
..........................
4
305
5
Decreases not included in line 2 (itemize)
5
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
305
Form
990-PF
(2024)
Form 990-PF (2024)
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)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
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
...................
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
and enter “N/A" on line 1.
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
2024 estimated tax payments and 2023 overpayment credited to 2024
6a
0
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
..........
6d
0
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
.......
9
0
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
11
Enter the amount of line 10 to be:
Credited to 2025 estimated tax
0
Refunded
11
0
Form
990-PF
(2024)
Form 990-PF (2024)
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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
.........
4a
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XIV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
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 2024 or the taxable year beginning in 2024? 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.
List of Attached Documents:
// Content
...............................
10
Yes
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 address
jennifer.bebout@grinnellmututal.com
14
The books are in care of
Jennifer Bebout
Telephone no.
(641) 269-8297
Located at
4215 Highway 146
PO Box 790
Grinnell
IA
ZIP+4
501120790
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over
Yes
No
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
Form
990-PF
(2024)
Form 990-PF (2024)
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
........
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 2024?
.............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?
....................
2a
No
If "Yes," list the years
20
,
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
No
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
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 2024 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 2024.)
.....................
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 2024?
..
4b
No
Form
990-PF
(2024)
Form 990-PF (2024)
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
.........
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
Jeffrey Menary
List of Attached Documents:
// Content
President
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Lauren Augustin
List of Attached Documents:
// Content
Vice President
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Michelle Papendick
List of Attached Documents:
// Content
Treasurer
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Kami Holmes
List of Attached Documents:
// Content
Director
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Todd Milburn
List of Attached Documents:
// Content
Director
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
David Miller
List of Attached Documents:
// Content
Director
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Nicolle Smith
List of Attached Documents:
// Content
Director
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
David Wingert
List of Attached Documents:
// Content
Director
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Mandy Hudnut
List of Attached Documents:
// Content
Secretary
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Carla Kelling
List of Attached Documents:
// Content
Director
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Barb Baker
List of Attached Documents:
// Content
Director Manager
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Shannon Arendt
List of Attached Documents:
// Content
Director
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
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
...................
Form
990-PF
(2024)
Form 990-PF (2024)
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
.............
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
.........................
Form
990-PF
(2024)
Form 990-PF (2024)
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
5,404
b
Average of monthly cash balances
.......................
1b
0
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
5,404
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
List of Attached Documents:
// Content
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
5,404
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions)
.............................
4
81
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3.
............
5
5,323
6
Minimum investment return.
Enter 5% (0.05) of line 5
................
6
266
Part X
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part IX, line 6
..................
1
266
2a
Tax on investment income for 2024 from Part V, line 5
.......
2a
0
b
Income tax for 2024. (This does not include the tax from Part V.)
...
2b
0
c
Add lines 2a and 2b
............................
2c
0
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
266
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
266
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
266
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
555,095
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)
List of Attached Documents:
// Content
.................
3b
0
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part XII, line 4.
.......
4
555,095
Form
990-PF
(2024)
Form 990-PF (2024)
Page
9
Part XII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2023
(c)
2023
(d)
2024
1
Distributable amount for 2024 from Part X, line 7
266
2
Undistributed income, if any, as of the end of 2024:
a
Enter amount for 2023 only
.......
0
b
Total for prior years:
20
,
20
,
20
3
Excess distributions carryover, if any, to 2024:
a
From 2019
......
392,987
b
From 2020
......
341,984
c
From 2021
......
230,735
d
From 2022
......
291,492
e
From 2023
......
433,154
f
Total
of lines 3a through e
........
1,690,352
4
Qualifying distributions for 2024 from Part
XI, line 4:
$
555,095
a
Applied to 2023, but not more than line 2a
0
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 2024 distributable amount
.....
238
e
Remaining amount distributed out of corpus
554,857
5
Excess distributions carryover applied to 2024.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
2,245,209
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025
..........
28
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 2019 not
applied on line 5 or line 7 (see instructions)
...
392,987
9
Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a
......
1,852,222
10
Analysis of line 9:
a
Excess from 2020
....
341,984
b
Excess from 2021
....
230,735
c
Excess from 2022
....
291,492
d
Excess from 2023
....
433,154
e
Excess from 2024
....
554,857
Form
990-PF
(2024)
Form 990-PF (2024)
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 2024, enter the date of the ruling
......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
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)
2024
(b)
2023
(c)
2022
(d)
2021
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.)
1
Information Regarding Foundation Managers:
a
List 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).)
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GMG Foundation Scholarship
P O Box 790
Grinnell
,
IA
50112
(641) 269-8000
b
The form in which applications should be submitted and information and materials they should include:
Dan Agnew Scholarship Grinnell High School Guidance Office 1333 Sunset St. Grinnell IA. Completed application personal and college information form questionnaire and personal reference form completed by a non-family member. Essay not to exceed one page typed and double-spaced: Briefly describe the importance of good character and leadership giving a personal illustration. Current transcript or report card first semester senior year
c
Any submission deadlines:
3 31 2024
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Must be a graduate in the top 40 percent of the class. Successfully demonstrate character and leadership. Participate in extracurricular school and community activities. Be accepted for post-secondary education with intent to study education agriculture or business.
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GMG Foundation Scholarship
P O Box 790
Grinnell
,
IA
50112
(641) 269-8000
b
The form in which applications should be submitted and information and materials they should include:
Larry Jansen Scholarship Attn: Barb Baker. Completed application form. Essay not to exceed one page typed and double-spaced: Briefly describe where you plan to attend college and why you chose that school. Also include information on how your job at Grinnell Mutual has influenced your education career choice. Copy of current report card or transcript through first semester trimester of senior year.
c
Any submission deadlines:
3 31 2024
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Must be a dependent child natural adopted or stepchild of a current employee of the company. Have a parent employed with Grinnell Mutual at the time of the application and award presentation. Be a high school graduate of the Class of 2022. Be accepted for post-secondary education to an accredited college university or trade school.
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GMG Foundation Scholarship
P O Box 790
Grinnell
,
IA
50112
(641) 269-8000
b
The form in which applications should be submitted and information and materials they should include:
Iowa College Foundation Scholarship Attn: Barb Baker Completed application form. Essay not to exceed one page outlining your personal and academic background and your goals for the future. Transcript through Fall of 22
c
Any submission deadlines:
3 31 2024
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Must be a dependent child natural adopted or stepchild of a current employee of the company. Have a parent employed with Grinnell Mutual at the time of the application and award presentation. Parent employment verification from Grinnell Mutual or the affiliated Mutual Member emailed to barb.baker@grinnellmutual.com
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GMG Foundation Scholarship
P O Box 790
Grinnell
,
IA
50112
(641) 269-8000
b
The form in which applications should be submitted and information and materials they should include:
Grinnell Mutual Group Foundation Employee Educational Gift Matching Program Attn: Barb Baker barb.baker@grinnellmutual.com. Complete form and forward to the educational institution along with your contribution.
c
Any submission deadlines:
12 31 2024
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
The employee must complete a donation request form AND provide proof of donation from the designated school. The donation must be made by a Grinnell Mutual active employee and may not be a collection of funds from others. The donation must be made directly to the designated entity: college university or K-12 school. Matching funds will be limited to two requests per year per employee. The MAXIMUM annual match per employee for all education donations is $500. Donations made prior to August 15 2022 are not eligible for submission. Requests will be considered and processed in the order in which they are received. Annual funding may be limited by the GMG Foundation at its discretion.
Form
990-PF
(2024)
Form 990-PF (2024)
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)
a
Paid during the year
Our Lady Queen of Peace School
5915 North Belt West
Belleville
,
IL
62223
No Relationship
NC
Employee Matching fund-Benjamin A Hoffmann
500
Greater Poweshiek Community Foundation
P O Box 344
Grinnell
,
IA
50112
No Relationship
NC
Business Partner in Philanthropy 2nd of 3 years
5,000
City of Grinnell Parks and Rec
520 4th St
Grinnell
,
IA
50112
No Relationship
NC
Sona Arch-Central Park update
20,000
University of Iowa Foundation
P O Box 4550
Iowa City
,
IA
52244
No Relationship
NC
Holden Comprehensive Cancer Center-2024 pledge 4th of 5 years
10,000
University of Iowa Foundation
P O Box 4550
Iowa City
,
IA
52244
No Relationship
NC
Holden Comprehensive Cancer Center-2024 pledge 4th of 5 years
10,000
Iowa College Foundation
505 5th Ave
Suite 1034
Des Moines
,
IA
50309
No Relationship
NC
Scholarship program for 2024-2025
14,000
Iowa State University Foundation
2505 University Blvd
P O Box 2230
Ames
,
IA
50010
No Relationship
NC
Annual GMG Foundation Scholarships 2024-2025
10,000
University of Northern Iowa Foundation
121 Commons
Cedar Falls
,
IA
50613
No Relationship
NC
Project #211888 Grinnell Mutual Group Foundation Scholarship
10,500
University of Iowa Foundation
One West Park Rd
Iowa City
,
IA
52246
No Relationship
NC
2024-2025 Scholarships
10,000
Grinnell Fire Department
1020 Spring St
Grinnell
,
IA
50112
No Relationship
NC
Supplies for Ambulance-2nd of 3 Annual pmts
20,000
Greater Poweshiek Community Foundation
P O Box 344
Grinnell
,
IA
50112
No Relationship
NC
Grinnell Education Partnership 1st of 3rd year commitment
20,000
Althoff Catholic High School
5401 West Main Street
Belleville
,
IL
62226
No Relationship
NC
Employee Matching fund-Benjamin A Hoffmann
250
Grinnell School of Music
720 5th Ave
Grinnell
,
IA
50112
No Relationship
NC
Funding for Challenge Grant
5,000
Mayflower Homes Inc
616 Broad Street
Grinnell
,
IA
50112
No Relationship
NC
Grant for ADA Compliant Van
25,000
Grinnell Historical Museum
1125 Broad Street
Grinnell
,
IA
50112
No Relationship
NC
Grant for Renovation of New Museum Space
20,000
Drake University
2507 University Ave
Des Moines
,
IA
50311
No Relationship
NC
Employee Matching fund-Steven Scherf
500
Grandview Christian School
1701 E 33rd St
Des Moines
,
IA
50317
No Relationship
NC
Employee Matching fund-Travis Ryan
50
Pella Community School
Bionic Dutch Program
210 E University St
Pella
,
IA
50219
No Relationship
NC
Employee matching fund-Michelle Papendick
750
Iowa State University Foundation
P O Box 2230
Ames
,
IA
50010
No Relationship
NC
Employee matching fund-Michael Nedved
375
Jack Stephens
4325 180th St
Brooklyn
,
IA
52211
No Relationship
N A
2024 Dan Agnew Scholarship
1,000
Della Pease
5271 9th Ave
Grinnell
,
IA
50112
No Relationship
N A
2024 Dan Agnew Scholarship
1,000
Libby Walton
1764 Hwy T38 N
Lot 20
Grinnell
,
IA
50112
No Relationship
N A
2024 Dan Agnew Scholarship
1,000
Rahul Santharaam
2132 Junewood Lane
Morrisville
,
NC
27560
No Relationship
N A
Larry Jansen Scholarship Recipient 2024
1,000
Emily Stuecker
2020 Southbrook Drive
Ely
,
IA
52227
No Relationship
N A
Larry Jansen Scholarship Recipient 2024
1,000
Sydney Harris
W2653 Taft Road
Neosho
,
WI
53059
No Relationship
N A
Larry Jansen Scholarship Recipient 2024
1,000
Madison VanZee
P O Box 485
Montezuma
,
IA
50171
No Relationship
N A
Larry Jansen Scholarship Recipient 2024
1,000
Beth Bauman
652 420th Ave
Grinnell
,
IA
50112
No Relationship
N A
Larry Jansen Scholarship Recipient 2024
1,000
Sophia Boonstra
1742 Highway 102
New Sharon
,
ID
50207
No Relationship
N A
Larry Jansen Scholarship Recipient 2024
1,000
Julie Damman
3275 Jessup Ave
Melbourne
,
IA
50162
No Relationship
N A
Larry Jansen Scholarship Recipient 2024
1,000
Wyatt Eaton
3347 50th St
Grinnell
,
IA
50112
No Relationship
N A
Larry Jansen Scholarship Recipient 2024
1,000
Grace Fletschock
622 Martins Ave N
Casselton
,
ND
58012
No Relationship
N A
Larry Jansen Scholarship Recipient 2024
1,000
Connor Humphrey
7736 N McMaken Road
Covington
,
OH
45318
No Relationship
N A
Larry Jansen Scholarship Recipient 2024
1,000
Greater Greenfield Community Foundation
P O Box 13
Greenfield
,
IA
50849
No Relationship
NC
Greenfield Tornado Relief Fund
150,000
Iowa ABI Foundation
400 East Court Ave
Suite 100
Des Moines
,
IA
50309
No Relationship
NC
Grant funding
5,000
North Mahaska Band Dept
P O Box 89
New Sharon
,
IA
50207
No Relationship
NC
Grant Funding for Band Instruments
1,500
On With Life
715 SW Ankeny Road
Ankeny
,
IA
50023
No Relationship
NC
In Kind Match for Family Housing
5,000
Iowa Kitchen Inc
834 Park Street
Grinnell
,
IA
50112
No Relationship
NC
Grant Funding
2,000
JDRF Iowa Nebraska Chapter
9202 West Dodge Rd
Suite 304
Omaha
,
NE
68114
No Relationship
NC
Grant Funding
1,000
U of I Center for Advancement
One West Park Rd
Iowa City
,
IA
52242
No Relationship
NC
Employee matching fund-Barb Michael Baker
400
Impact Iowas Heroes
6500 University Ave
Windsor Heights
,
IA
50324
No Relationship
NC
Couples Date Night
1,000
Mahaska County YMCA
414 N Third St
Oskaloosa
,
IA
52577
No Relationship
NC
Swim Lesson Program Funding
5,000
JPK Fund
P O Box 284
Grinnell
,
IA
50112
No Relationship
NC
JPK Fund-Grinnell Area Mental Health Consortium
10,000
Montezuma Community Development
P O Box 314
Montezuma
,
IA
50171
No Relationship
NC
Playground Equipment Grant
17,500
U of I Center for Advancement
P O Box 4550
Iowa City
,
IA
52244
No Relationship
NC
Employee matching fund-Mark A. Guess
500
South Tama Activity Boosters Inc
1702 Harding St
P O Box 123
Tama
,
IA
52339
No Relationship
NC
Employee matching fund-Norma Svacina
50
Claude and Dolly Ahrens Foundation
P O Box 284
Grinnell
,
IA
50112
No Relationship
NC
Operational Funds
5,000
Jasper County Emergency Management Agency
1030 W 2nd S
Newton
,
IA
50208
No Relationship
NC
Four Ev Fire Blankets
8,020
Lynnville Sully Comm School Foundation
P O Box 210
Sully
,
IA
50251
No Relationship
NC
Teacher Grant Funds
5,000
BrooklynBear Creek Community Fund
P O Box 212
Brooklyn
,
IA
52211
No Relationship
NC
United Way employee matching donation
3,848
United Way of Central Iowa
1111 9th St
Suite 100
Des Moines
,
IA
50314
No Relationship
NC
United Way employee matching donation
24,310
United Way of Danville Area
801 W Fairchild St
Danville
,
IL
61832
No Relationship
NC
United Way employee matching donation
50
United Way of East Central Iowa
317 7th Ave SE
Suite 401
Cedar Rapids
,
IA
52401
No Relationship
NC
United Way employee matching donation
4,823
Great Rivers United Way
1855 E Main St
Onalaska
,
WI
54650
No Relationship
NC
United Way employee matching donation
77
Grinnell United Way
P O Box 121
Grinnell
,
IA
50112
No Relationship
NC
United Way employee matching donation
19,281
Heart of Illinois United Way
509 W High St
Peoria
,
IL
61606
No Relationship
NC
United Way employee matching donation
50
Heart of the Ozarks United Way
1404 Southern Hills Center
West Plains
,
MO
65775
No Relationship
NC
United Way employee matching donation
52
United Way of Jasper County
P O Box 844
Newton
,
IA
50208
No Relationship
NC
United Way employee matching donation
5,431
United Way of Johnson and Washington Counties
1150 5th St
Suite 290
Coralville
,
IA
52241
No Relationship
NC
United Way employee matching donation
843
Kellogg Community Chest
P O Box 254
Kellogg
,
IA
50135
No Relationship
NC
United Way employee matching donation
2,600
Laurel Community Chest
P O Box 1
Laurel
,
IA
50141
No Relationship
NC
United Way employee matching donation
520
Lynnville United Fund
P O Box 187
Lynnville
,
IA
50153
No Relationship
NC
United Way employee matching donation
1,716
United Way of Mahaska County
P O Box 761
Oskaloosa
,
IA
52577
No Relationship
NC
United Way employee matching donation
2,613
Marion County United Way
P O Box 577
Knoxville
,
IA
50138
No Relationship
NC
United Way employee matching donation
1,170
Marshalltown Area United Way
709 South Center
Suite 6
Marshalltown
,
IA
50158
No Relationship
NC
United Way employee matching donation
1,066
Montezuma Community Fund
P O Box 132
Montezuma
,
IA
50171
No Relationship
NC
United Way employee matching donation
3,453
United Way of Story County
315 Clark Ave
Ames
,
IA
50010
No Relationship
NC
United Way employee matching donation
2,288
Sully United Fund
P O Box 432
Sully
,
IA
50251
No Relationship
NC
United Way employee matching donation
1,430
Tama County Community Foundation South Tama
3117 Greenhill Circle
Cedar Falls
,
IA
50613
No Relationship
NC
United Way employee matching donation
1,326
United Way of CassClay
P O Box 1609
Fargo
,
ND
58107
No Relationship
NC
United Way employee matching donation
650
United Way of Greater Kansas City
801 W 47th St
Suite 500
Kansas City
,
MO
64112
No Relationship
NC
United Way employee matching donation
546
United Way of Greater Stark County
401 Market St N
Suite 300
Canton
,
OH
44702
No Relationship
NC
United Way employee matching donation
260
United Way of Licking County
P O Box 4490
Newark
,
OH
43058
No Relationship
NC
United Way employee matching donation
130
United Way of Northeastern South Dakota
P O Box 1065
Aberdeen
,
SD
57402
No Relationship
NC
United Way employee matching donation
130
United Way of Portage County
2801 Hoover Road
Unit 2
Stevens Point
,
WI
64481
No Relationship
NC
United Way employee matching donation
78
United Way of Ross County
69 E Water St
Chillicothe
,
OH
45601
No Relationship
NC
United Way employee matching donation
260
United Way of Siouxland
701 Steuben St
Sioux City
,
IA
51101
No Relationship
NC
United Way employee matching donation
130
United Way of The Midlands
1229 Millwork Ave
Ste 402
Omaha
,
NE
68102
No Relationship
NC
United Way employee matching donation
260
United Way of Winneshiek County
P O Box 165
Decorah
,
IA
52101
No Relationship
NC
United Way employee matching donation
260
United Way of Whiteside County
100 W 1st St
Suite A
Rock Falls
,
IL
61071
No Relationship
NC
United Way employee matching donation
260
Quad Cities United Way
852 Middle Rd
Unit 401
Bettendorf
,
IA
52722
No Relationship
NC
United Way employee matching donation
390
United Way Greater St Louis Illinoi
1124 Harman Lane
Belleville
,
IL
62221
No Relationship
NC
United Way employee matching donation
260
United Way of Asheville and Buncombe Counties
50 S French Broad Ave
Asheville
,
NC
28801
No Relationship
NC
United Way employee matching donation
1,300
United Way of Carlton and Pine County Area
807 Cloquet Ave
Suite 8
Cloquet
,
MN
55720
No Relationship
NC
United Way employee matching donation
260
United Way of Central Minnesota
921 1st St S
Suite 200
St Cloud
,
MN
56303
No Relationship
NC
United Way employee matching donation
156
United Way of Trumbull County
295 Harmon Ave NW
Warren
,
OH
44483
No Relationship
NC
United Way employee matching donation
260
Faith Babtist Bible College
1900 NW Fourth St
Ankeny
,
IA
50023
No Relationship
NC
Employee matching fund-Travis Ryan
50
Ahrens Park Foundation
P O Box 679
Grinnell
,
IA
50112
No Relationship
NC
ADA Access Improvement Grant
10,000
Poweshiek County Public Health
306 4th Ave
Grinnell
,
IA
50112
No Relationship
NC
BMG Milage Club Grant
2,063
MS Run the US Inc
555 S Industrial Dr
Hartland
,
WI
53029
No Relationship
NC
Michelle Papendick Sponsorship
5,000
Iowa Lions Eye Bank
2500 Crosspark Rd
W300
Coralville
,
IA
52241
No Relationship
NC
Bereavement Support Grant
1,500
Iowa Jobs For Americas Graduates
1111 9th Street
Suite 268
Des Moines
,
IA
50314
No Relationship
NC
BGM School District-school work program
5,000
St Frances Manor Foundation
2021 4th Ave
Grinnell
,
IA
50112
No Relationship
NC
Automatic Door Locking System Grant
12,500
Tiger Scholarship Fund
P O Box 344
Grinnell
,
IA
50112
No Relationship
NC
Scholarship Fund Grant
3,500
Grinnell Newburg School Foundation
P O Box 344
Grinnell
,
IA
50112
No Relationship
NC
Funding Support Grant
5,000
University of Iowa Center for Advancement
One West Park Rd
Iowa City
,
IA
52242
No Relationship
NC
Iowa Health Care Lawnmower Safety Program
10,000
Blank Childrens Hospital Child Life
1415 Woodland Ave
Suite E 200
Des Moines
,
IA
50309
No Relationship
NC
Employee Competition Matching Funds
3,000
Masons Light House
1830 4th Ave
Grinnell
,
IA
50112
No Relationship
NC
Employee Competition Matching Funds
3,000
Luther College Advancement Office
700 College Drive
Decorah
,
IA
52101
No Relationship
NC
Employee matching fund-Kimberly Pickett
50
Total
.................................
3a
555,095
b
Approved for future payment
Total
.................................
3b
Form
990-PF
(2024)
Form 990-PF (2024)
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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
0
0
0
b
0
0
0
c
0
0
0
d
0
0
0
e
0
0
0
f
0
0
0
0
0
0
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
0
0
0
3
Interest on savings and temporary cash
investments
...........
0
0
0
4
Dividends and interest from securities
....
0
0
0
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
0
0
0
b
Not debt-financed property
.....
0
0
0
6
Net rental income or (loss) from personal property
0
0
0
7
Other investment income
.....
0
0
0
8
Gain or (loss) from sales of assets other than
inventory
............
0
0
0
9
Net income or (loss) from special events:
0
0
0
10
Gross profit or (loss) from sales of inventory
0
0
0
11
Other revenue:
a
0
0
0
b
0
0
0
c
0
0
0
d
0
0
0
e
0
0
0
12
Subtotal. Add columns (b), (d), and (e)
..
0
0
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
0
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2024)
Form 990-PF (2024)
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?
...........
Yes
No
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2024)
Additional Data
Software ID:
24020569
Software Version:
V2.0
Form 990PF - Special Condition Description:
Special Condition Description
-
TIN:
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Attach to Form 990, 990-EZ, or 990-PF.
Go to
www.irs.gov/Form990
for the latest information.
OMB No. 1545-0047
Name of the organization
Grinnell Mutual Group Foundation
Employer identification number
42-1308146
Organization type
(check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)(
) (enter number) organization
4947(a)(1) nonexempt charitable trust
not
treated as a private foundation
527 political organization
Form 990-PF
501(c)(3) exempt private foundation
4947(a)(1) nonexempt charitable trust treated as a private foundation
501(c)(3) taxable private foundation
Check if your organization is covered by the
General Rule
or a
Special Rule.
Note:
Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33
1
/3
% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of
(1)
$5,000 or
(2)
2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000
exclusively
for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions
exclusively
for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an
exclusively
religious, charitable, etc., purpose. Don't complete any of the parts unless the
General Rule
applies to this organization because it received
nonexclusively
religious, charitable, etc., contributions totaling $5,000 or more during the year
.........
$
Caution:
An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it
must
answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613X
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page
2
Name of organization
Grinnell Mutual Group Foundation
Employer identification number
42-1308146
Part I
Contributors
(see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
1
Grinnell Mutual Reinsurance Company
4215 Highway 146
PO Box 790
Grinnell
,
IA
50112
$
554,000
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page
3
Name of organization
Grinnell Mutual Group Foundation
Employer identification number
42-1308146
Part II
Noncash Property
(see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page
4
Name of organization
Grinnell Mutual Group Foundation
Employer identification number
42-1308146
Part III
Exclusively
religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor.
Complete columns
(a)
through
(e) and
the following line entry. For organizations completing Part III, enter the total of
exclusively
religious, charitable, etc., contributions of
$1,000 or less
for the year. (Enter this information once. See instructions.)
$
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
Schedule B (Form 990) (Rev. 1-2025)
Additional Data
Software ID:
Software Version:
-
TIN:
TY 2024 SubstantialContributorsSch
Name:
Grinnell Mutual Group Foundation
EIN:
42-1308146
Software ID:
24020569
Software Version:
V2.0
Name
Address
Grinnell Mutual Reinsurance Company
4215 Highway 145
PO Box 790
Grinnell
,
IA
501120790