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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
ELSIE M O'CONNELL TESTAMENTARY TR
C/O GLENWOOD STATE BANK
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 431
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GLENWOOD, IA51534
A Employer identification number

39-6785837
B Telephone number (see instructions)

(712) 527-3157
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$831,509J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 3,093 3,093  
4 Dividends and interest from securities... 13,797 13,797  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
-3,558
b Gross sales price for all assets on line 6a 232,877
7 Capital gain net income (from Part IV, line 2)... 170
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).......      
12 Total. Add lines 1 through 11........ 13,332 17,060  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,450     1,450
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,765     1,765
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
17,381 11,159   6,222
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
501 416   85
19 Depreciation (attach schedule) and depletion...      
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
10     10
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 21,107 11,575   9,532
25 Contributions, gifts, grants paid....... 30,250 30,250
26 Total expenses and disbursements. Add lines 24 and 25 51,357 11,575   39,782
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -38,025
b Net investment income (if negative, enter -0-) 5,485
c Adjusted net income (if negative, enter -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
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 33,798 29,269 29,269
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) 77,451 Click to see attachment
List of Attached Documents:
// Content
73,205 		67,057
b Investments—corporate stock (attach schedule)....... 403,488 Click to see attachment
List of Attached Documents:
// Content
359,351 		466,134
c Investments—corporate bonds (attach schedule)....... 38,236 Click to see attachment
List of Attached Documents:
// Content
47,016 		41,501
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).......... 301,900 Click to see attachment
List of Attached Documents:
// Content
308,260 		227,548
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
253 		   
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 855,126 817,101 831,509
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........... 855,126 817,101
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)..... 855,126 817,101
30 Total liabilities and net assets/fund balances (see instructions). 855,126 817,101
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
855,126
2
Enter amount from Part I, line 27a .....................
2
-38,025
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
817,101
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
817,101
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) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 170
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 76
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 76
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 76
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 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 76
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 2025 estimated taxright arrow   Refundedright arrow 11  
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. 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 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. ...............................
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 arrowGRANT DEAN Telephone no.right arrow (402) 527-3157

Located atright arrowPO BOX 431GLENWOODIA ZIP+4right arrow51534
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 2024, 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 (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 ........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 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 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 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)
Yes
 
(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
 
No
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
GLENWOOD STATE BANK TRUSTEE
1.00 		0 0 0
PO BOX 431
GLENWOOD,IA51534
GRANT DEAN TRUSTEE
1.00 		0 0 0
PO BOX 431
GLENWOOD,IA51534
JOHN DEAN COMMITTEE ME
1.00 		0 0 0
PO BOX 431
GLENWOOD,IA51534
LINDSEY SCHOMAKER COMMITTEE ME
1.00 		0 0 0
PO BOX 431
GLENWOOD,IA51534
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 (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.............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  
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
810,516
b
Average of monthly cash balances.......................
1b
25,518
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
836,034
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
836,034
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
12,541
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
823,493
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
41,175
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
41,175
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
76
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
76
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
41,099
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
41,099
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
41,099
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
39,782
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
39,782
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 41,099
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 1,979
f Total of lines 3a through e ........ 1,979
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 39,782
a Applied to 2023, 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 2024 distributable amount..... 39,782
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024. 1,317 1,317
(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 5 662
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		662
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 662
e Excess from 2024....  
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 ...... 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) 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.)
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 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
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
LINDSEY SCHOMAKER
PO BOX 431
GLENWOOD,IA51534
(712) 527-3157
bThe form in which applications should be submitted and information and materials they should include:
GRADUATE OF GLENWOOD COMMUNITY HIGH SCHOOL IN GLENOOD, IOWA WITH A GRADE POINT AVERAGE OF AT LEAST 2.75.
cAny submission deadlines:
STUDENTS WILL SUBMIT AN ESSAY ONCE A YEAR.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
1) STUDENTS MUST DEMONSTRATE A KNOWLEDGE OF THE DIFFERENT FORMS OF GOVERNMENT AND DISPLAY A SENSEOF PATRIOTISM IN THEIR SUBMITTED ESSAY. 2) MUST HAVE A GRADE POINT AVERAGE OF 2.75.
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)
aPaid during the year

IOWA STATE UNIVERSITY

515 MORRILL RD
AMES,IA50011 		  GOV SCHOLARSHIPS 12,000

UNIVERSITY OF ARIZONA

1303 E UNIVERSITY BLVD
TUCSON,AZ85721 		  GOV SCHOLARSHIPS 5,000

CREIGHTON UNIVERSITY

2500 CALIFORNIA PLZ
OMAHA,NE68178 		  PC SCHOLARSHIPS 2,000

UNIVERSITY OF IOWA

2700 UNIVERSITY CAPITOL C
IOWA CITY,IA52242 		  GOV SCHOLARSHIPS 10,000
Total .................................right arrow 3a 29,000
bApproved for future payment
Total ................................. right arrow 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.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 3,093  
4 Dividends and interest from securities ....     14 13,797  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -3,558  
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) ..   13,332  
13Total. Add line 12, columns (b), (d), and (e)..................
13
13,332
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (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? ...........
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
ELSIE M O'CONNELL TESTAMENTARY TR
 
C/O GLENWOOD STATE BANK
EIN:
39-6785837
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES 1,765     1,765

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

TY 2024 GainLossSaleOtherAssetsSch
Name:
ELSIE M O'CONNELL TESTAMENTARY TR
 
C/O GLENWOOD STATE BANK
EIN:
39-6785837
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
20G RB5163 2022-09 PURCHASE 2024-01   1,570 1,616     -46  
30G RA6815   PURCHASE     272 241     31  
30G SD8267   PURCHASE     203 201     2  
30G SD8340   PURCHASE     48 46     2  
MORGAN STANLEY   PURCHASE     51,216 50,294     922  
MORGAN STANLEY   PURCHASE     165,314 169,093     -3,779  
POOL FS4377   PURCHASE     1,020 1,024     -4  
POOL FS4377   PURCHASE     363 309     54  
POOL FS6943   PURCHASE     35 27     8  
POOL MA4438   PURCHASE     109 88     21  
POOL MA4438   PURCHASE     4,506 5,082     -576  
POOL MA4512   PURCHASE     133 107     26  
POOL MA4587   PURCHASE     2,959 3,456     -497  
POOL MA4600   PURCHASE     101 87     14  
POOL MA4600   PURCHASE     302 265     37  
POOL MA4656   PURCHASE     59 58     1  
POOL MA4656   PURCHASE     419 415     4  
POOL MA4732   PURCHASE     56 51     5  
POOL MA4732   PURCHASE     127 118     9  
POOL MA4842   PURCHASE     924 909     15  
POOL MA4842   PURCHASE     2,785 2,765     20  
POOL MA5071   PURCHASE     186 183     3  

TY 2024 InvestmentsCorpBondsSchedule
Name:
ELSIE M O'CONNELL TESTAMENTARY TR
 
C/O GLENWOOD STATE BANK
EIN:
39-6785837
Name of Bond End of Year Book Value End of Year Fair Market Value
CVS HEALTH CORP 3,190 2,909
CITIGROUP INC FXD 4,152 3,875
ABBVIE INC 3,608 3,716
JPMORGAN CHASE & COFXD 4,396 3,894
ENTERPRISE PRODUCTS OPERATINGLLC 2,037 1,808
GOLDMAN SACHS GROUP INC 3,115 2,659
AMZON.COM INC 2,982 2,545
CASTCOM CORP 3,023 2,510
WELLS FARGO & COFXD 2,908 2,646
BANK OF AMERICA CORP FXD 3,091 2,638
VERIZON COMMUNICATIONS 3,069 2,586
APPLE INC 3,883 3,334
DEVON ENERGY GROUP 3,033 2,854
UNITEDHEALTH GROUP INC 4,529 3,527

TY 2024 InvestmentsCorpStockSchedule
Name:
ELSIE M O'CONNELL TESTAMENTARY TR
 
C/O GLENWOOD STATE BANK
EIN:
39-6785837
Name of Stock End of Year Book Value End of Year Fair Market Value
3I GROUP PLC UNSPONS ADR (TGOPY) 701 1,053
ABBLTD ADR (ABBNY) 1,509 1,442
ACCENTURE PLCIRELAND CL A (ACN) 1,660 1,877
ADOBE INC (ADBE) 4,187 4,383
AGREE REALTYCORP (ADC) 653 659
AIRBNB INC CL A (ABNB) 1,269 1,230
AIA GROUP LTD SPON ADR (AAGIY)    
AIRBUS SE UNSPONSORED ADR (EADSY)    
ALCON INC (ALC) 3,956 4,623
ALEXANDRIA REAL ESTATE EQ INC (ARE)    
ALLEGION PUB LTD CO (ALLE) 2,002 2,352
APLHABET INC CL A (GOOGL) 2,156 2,473
AMADEUS IT GROUP S.A ADR (AMADY    
AMAZON COM INC (AMZN) 5,938 10,307
AMER INTL GP INC NEW (AIG) 2,743 2,694
AMERICAN HOME 4 RENT CL A (AMH) 1,516 1,706
AMERICAN TOWER CORP (AMT) 4,356 3,496
AMERICAN WATER WORKS CO (AWK) 2,327 2,262
AMERIPRISE FINCL INC (AMP) 1,809 4,732
AMGEN INC (AMGN) 2,534 2,840
ANSYS INC (ANSS) 2,952 3,263
APARTMENT INV&MGMT CL A (AIV) 389 565
APPLE INC (AAPL) 4,168 6,743
APTIV PLC (APTV)    
ARGENXSE ADR (ARGX) 1,616 2,025
ARMADA HOFFLER PROPERTIES (AHH) 243 210
ASICS CORP ADR (ASCCY) 710 745
ASML HOLDING NYREGNEW (ASML) 4,046 4,750
ASPEN TECHNOLOGY INC (AZPN) 2,144 2,746
ASTRAZENECA PLC ADR (AZN) 2,718 2,588
ATLAS COPCOAS A ADR A NEW (ATLKY) 1,414 1,507
ATLASSIAN CORPORATION CL A (TEAM)    
ATMOS ENERGYCP (ATO) 2,657 3,342
AUTODESK INC DELAWARE (ADSK)    
AVALONBAYCOMM INC (AVB) 967 1,037
BANCOBILBAO VIZ ARG SA ADS (BBVA) 1,408 1,283
BENTLEYSYS INC COM CL B (BSY) 3,139 3,362
BERKLEYWR CORP (WRB) 1,609 3,336
BJS WHSL CLUB HLDGS INC (BJ) 1,638 1,986
BLACKSTONE INC (BX) 2,138 3,094
BOSTON PROPERTIES INC (BXP)    
BRAMBLES LTD SPONSORED ADR (BXBLY) 1,052 1,501
BRIGHT HORIZONS FAMILYSOLUT (BFAM) 1,929 1,810
BXP INC (BXP) 930 786
CAMDEN PROPERTYTRUST (CPT) 708 812
CANADIAN PACIFIC KANSAS CITY (CP) 2,480 2,515
CAPITAL ONE FINANCIAL CORP CORP (COF 2,446 4,093
CHARLES RIVER LABS INTL INC (CRL) 1,972 1,847
CHECK POINT SOFTWARE TECH LTD 825 794
CHEMED CORPORATION (CHE) 1,606 1,661
CHOICE HOTELS INTL INC NEW (CHH) 1,833 2,163
COCA COLA CO (KO) 2,202 2,803
COMMERCE BANCSHARES (CBSH) 1,282 1,426
COMPASS GROUP PLC SPD ADR (CMPGY) 1,542 2,046
COMPUTERSHARE LTD SPN ADR (CMSQY)    
CONSELLATION BRANDS INC CL A (STZ) 2,142 1,989
CORTEVA INC (CTVA) 2,960 3,972
COTERRA ENERGYINC (CTRA) 1,971 2,650
CRH PLC (CRH) 1,047 2,023
CROWN CASTLE INC (CCI) 2,011 1,695
CULLEN FROST BANKERS INC (CFR) 1,491 2,138
DAIICHI SANKYOCOLTD SPON ADR (DSNKY)    
DANAHER CORPORATION (OHR) 2,633 2,845
DANONE SPONSORED AOR (DANDY) 2,074 1,942
DEUTSCHE BOERSE AGNUSPON ADR (DBOEY) 1,391 1,828
DEUTSCHE TELEKOM AGADR (DTEGY) 1,402 2,296
DIAGEOPLC SPON ADR NEW (DEO)    
DIGITAL REALTYTRUST INC (DLR) 752 929
DOLBYCLA A COM STK (DLB)    
EASTGROUP PROPERTIES INC (EGP) 2,265 2,568
EATON CORP PLC SHS (ETN) 1,154 2,566
ECOLAB INC (ECL) 2,475 2,733
EDENRED SA ADR (EDNMY)    
EDP ENERGIAS DE PORTGUAL SA (EDPFY) 2,073 1,567
ELI LILLY & CO (LLY) 961 1,923
EPR PPTYS COM (EPR) 479 439
EQUIFAX INC (EFX) 1,853 2,636
EQUINIX INC (EQIX) 5,227 6,523
EQUITYLIFESTYLE PROPERTIES (ELS) 3,328 3,474
ESSEX PROPERTYTRUST INC (ESS) 770 902
ESSILORLUXOTTICA ADR(ESLOY)    
ESTEE LAUNDER CO INC CL A (EL)    
EXPONENT INC (EXPO) 1,635 1,660
EXTRA SPACE STORAGE INC (EXR) 1,621 1,736
FAIR ISAAC & CO INC (FICO) 303 1,286
FARMLAND PARTNERS INC (FPI) 421 376
FERRARI NV (RACE) 1,342 1,552
GAMING &LEISURE PPTYS INC COM (GLPI) 1,399 1,589
GENL DYNAMICS CORP (GD) 1,432 2,457
GIVAUDAN SA ADR (GVDNY) 1,407 1,559
HALEON PLC ADR (HLN) 740 964
HDFC BANK LTD ADR (HOB 1,611 1,683
HEALTHCARE TR AMER INC CL A (HR) 530 509
HERMES INTL SCA UNSPON ADR (HESAY) 939 965
HONEYWELL INTL INC (HON) 2,742 2,855
HONGKONGEXCHANGES & CLEARING (HKXCY)    
HOST HOTELS & RESORTS INC (HST)    
HOWARD HUGHES HOLDINGS INC (HHH) 234 255
HOYA CORP SPONS ADR (HOCPY) 1,775 1,981
ICON PLC (ICLR) 2,562 1,905
IBERDROLA SA SPON ADR (IBDRY)    
INDUSTRIA DE DISENOTEXTIL IND (IDEXY 2,268 3,727
INTEL CORP (INTC)    
INTERACTIVE BROKERS GROUP CL A (IBKR 1,550 4,010
INTERCONTINENTAL EXCHANGE INC (ICE) 616 824
INTESA SANPAOLOS P A ADR (ISNPY) 1,398 1,982
INTUIT INC (INTU) 1,526 2,166
INTUITIVE SURGICAL INC (ISRG) 1,282 2,550
INVITATION HOMES INC (INVH) 649 647
JACK HENRY & ASSOC INC (JKHY) 2,158 2,454
KERINGS A ADR NEW (PPRUY)    
KITE RLTYGROUP TR KRG (KRG) 1,462 1,866
L OREAL COADR (LRLCY) 1,605 1,591
LCI INDS (LCII) 781 620
LEGRAND SA (LGRDY)    
LENNAR CORPORATION (LEN) 2,430 3,896
LENNOX INTL INC (LII) 1,811 4,051
LENIVI GROUP LTD SPONS ADR (LNVGY) 759 710
LINDE PLC (LIN) 914 1,522
LLOYDS BANKING GROUP PLC (LVG) 1,530 1,425
LONDON STK EXCHANGE GROUP ADR (LNSTY 2,808 3,499
LOWES COMPANIES INC (LOW) 2,258 2,647
LPL FINL HLDGS INC COM 1,521 3,471
LVMH MOET HENNESSYLOUIS VUITT (LVMUY 1,855 1,897
MARSH & MCLENNAN COS INC (MMC) 1,674 2,225
MARTIN MARIETTA MATERIALS (MLM) 1,948 3,409
MEDTRONIC PLC SHS (MDT) 1,908 1,697
MERCK & CO INC NEWCOM (MRK) 2,593 2,663
META PLATFORMS INC CL A (META) 2,433 7,371
MICHELIN COMPAGNIE GENERALE DE (MGDD 2,390 2,070
MICROCHIP TECHNOLOGY INC (MCHP) 2,707 2,212
MICROSOFT CORP (MSFT) 7,481 12,946
MID AMER APART COMM INC (MAA) 655 594
MITSUBISHI UFJ FINCL GRP ADS (MUFG) 1,842 3,129
MONOTAROCOLTD ADR (MONOY) 250 420
MONSTER BEVERAGE CORP NEWCOM (MNST) 1,682 2,007
NESTLE SPON ADR REP REGSHR (NSRGY)    
NETFLIX (NFLX) 1,678 4,718
NEXTERA ENERGYINC (NEE)    
NICE LTD ADR (NICE)    
NIKE INC B (NKE)    
NOMURA RESH INST LTD ADR (NRILY) 676 711
NORDSON CP (NDSN) 2,075 2,355
NOVONORDISK A/S ADR (NVO) 2,913 4,432
NVIDIA CORPORATION (NVDA) 1,152 11,402
OLLIES BARGIN OUTLET HLDG INC (OLLI) 1,449 1,767
OLYMUS CORP ADR (OLYMY) 1,740 1,400
OMEGA HEALTHCARE INV INC (OHI)    
OSHKOSH CORP (OSK) 2,040 1,769
PALOALTONETWORKS INC (PANW) 894 2,572
PARKER HANNIFIN CORP (PH) 2,384 5,589
PAYPAL HLDGS INC COM (PYPL) 1,933 2,420
PNC FINL SVCS GP (PNC) 2,243 2,858
POOL CORP (POOL) 3,192 3,068
POSTAL REALTYTRUST INC CL A (PSTL) 256 225
PROCTER & GAMBLE (PG) 2,118 2,760
PROLOGIS INC COM (PLD) 2,001 1,638
PUBLIC STORAGE (PSA) 1,932 1,818
PUBLICIS GROUPE SA ADR (PUBGV) 1,260 1,247
QUALCOMM INC (QCOM) 3,564 3,363
R P M INC (RPM) 2,059 3,007
REALTY CORP (O) 709 548
REGENCYCTRS CORP (REG) 839 926
RELX PLC SPONSORED ADR (RELX) 1,364 2,289
RENTOKIL INITIAL PLC ADR (RTO)    
ROLLINS INC (ROL) 2,049 2,609
RTXCORPORATION (RTX) 1,150 1,835
S&P GLOBAL INC COM (SPGI) 1,598 2,522
SAFEHOLD INC (SAFE) 237 207
SAFRAN SA (SAFRY) 870 1,356
SAIA INC (SAIA) 1,356 2,279
SALESFORCE INC (CRM) 2,599 3,322
SANDVIK AB SPONS ADR (SDVKY)    
SAP AG (SAP) 1,886 3,790
SBA COMMUNICATIONS CORP NEW CL A (SB 787 662
SCHNEIDER ELEC SA UNSP ADR (SBGSY) 1,915 2,165
SEA LIMITED ADR (SE) 1,473 2,024
SHERWIN WILLIAM COMPANYOHIO (SHW) 1,553 2,111
SHISEIDOLTD SPON ADR (SSDOY)    
SHOPIFY INC (SHOP) 1,104 1,842
SIMON PPTYGROUP INC (SPG) 1,534 2,634
SITEONE LANDSCAPE SUPPLY INC (SITE) 1,658 1,498
SMC CORP JAPAN SPONSORED ADR (SMCAY) 1,115 1,045
SONYGROUP CORPORATION ADR (SONY) 5,056 6,115
SPOTIFY TECHNOLOGIES (SPOT) 737 880
STARBUCKS CORP WASHINGTON (SBUX) 709 691
SPLUNK INC (SPLK)    
STRAUMANN HLDGAGADR (SAUHY) 902 903
STRYKER CORP (SYK) 1,257 2,055
SUN COMMUNITIES INC (SUI) 478 441
SUNCOR ENERGY INC (SU)    
SYSCOCORP (SYY)    
TAIWAN SMCNDCTR MFG CO LTD ADR (TSM) 2,686 3,909
TARGET CORPORATION (TGT) 1,800 1,992
TELEDYNE TECH INC (TDY) 4,553 4,824
TERADYNE INC (TER) 1,819 1,897
TERRENORLTYCORP COM (TRNO) 2,277 2,306
TERUMO CORP ADR UNSPONS ADR (TRUMV) 956 985
TESLA INC (TSLA) 1,121 2,447
THE COOPER COMPANIES INC (COO) 3,283 3,309
THE SCOTTS MIRACLE-GROCOMPANY (SMG) 1,828 1,370
THERMOFISHER SCIENTIFIC (TMO) 2,409 2,573
THOMPSON REUTERS CORP (TRI) 923 1,764
THOR INDUSTRIES INC (THO) 1,778 1,499
TOKI MARINE HOLDINGS INS ADR (TKOMV) 1,592 1,532
TOKYO ELECTRON LTD UNSPON ADR (TOELY 1,810 1,944
TOTALENERGIES SE SPONSORED ADS (TTE) 2,526 2,170
USBANCORP COM NEW (USB) 2,227 3,208
UBER TECHNOLOGIES (UBER) 617 1,658
UCB SA UNSPON ADR (UCBJY) 701 734
UNILEVER PLC (NEW) ADS (UL) 1,735 1,813
UNION PAFICIC CORP (UNP) 1,849 1,838
UNITED PARCEL SER INC CL-B (UPS)    
UNITED HEALTH GP INC (UNH) 2,080 3,071
UNIVERSAL DISPLAY CORP (OLEO) 2,542 1,653
VAIL RESORTS (MTN) 481 501
VENTA INC 1,253 1,280
VERIZON COMMUNICATION (VZ) 2,241 2,140
VERALTOCORP (VLTO)    
VICI PROPERTIES INC (VICI) 1,173 1,314
VISA INC CL A (V) 4,652 6,940
WWGRAINGER INC (GWW) 934 2,682
WATSCO INC (WSO) 1,825 2,830
WELLTOWER (WELL) 1,551 2,960
WEYERHAEUSER CO (WY) 1,441 1,236
WORKDAY INC CL A (WDAY) 2,207 2,277
XCEL ENERGYINC (XEL) 2,869 2,903
XYLEM INC COM (XYL) 2,208 2,692
ZAI LAB LTD-ADR (ZLAB) 235 214
ZEBRA TECH CL-A (ZBRA) 2,729 2,791
ZOETIS INC CLASS A (ZTS) 1,771 1,848
ZURN ELKAYWATER SOLNS CORP (ZWS) 2,200 2,926

TY 2024 InvestmentsGovtObligationsSch
Name:
ELSIE M O'CONNELL TESTAMENTARY TR
 
C/O GLENWOOD STATE BANK
EIN:
39-6785837
US Government Securities - End of Year Book Value:

73,205
US Government Securities - End of Year Fair Market Value:

67,057
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2024 InvestmentsOtherSchedule2
Name:
ELSIE M O'CONNELL TESTAMENTARY TR
 
C/O GLENWOOD STATE BANK
EIN:
39-6785837
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
JANUS HENDEROSN DEC WORLD BD I (HFAA   71,534 55,677
VIRTUS SGA EMGKTS EQ I (HIEMX)   77,761 47,692
WA SMASH SRS CR CMPLTN FUND (WAADX)   61,774 43,326
WESTERN ASSET SMASH SERIES C (LMLCX)   39,976 35,873
WESTERN ASSET SMASH SERIES M (LMSMX)   40,597 29,141
ISHARES CORE MSCI EMERGIN (IEMG)   16,618 15,839

TY 2024 LegalFeesSchedule
Name:
ELSIE M O'CONNELL TESTAMENTARY TR
 
C/O GLENWOOD STATE BANK
EIN:
39-6785837
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT LEGAL FEES 1,450     1,450


TY 2024 OtherAssetsSchedule
Name:
ELSIE M O'CONNELL TESTAMENTARY TR
 
C/O GLENWOOD STATE BANK
EIN:
39-6785837
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INVESTMENT INCOME RECEIVABLE 253    


TY 2024 OtherExpensesSchedule
Name:
ELSIE M O'CONNELL TESTAMENTARY TR
 
C/O GLENWOOD STATE BANK
EIN:
39-6785837
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
  10     10


TY 2024 OtherProfessionalFeesSchedule
Name:
ELSIE M O'CONNELL TESTAMENTARY TR
 
C/O GLENWOOD STATE BANK
EIN:
39-6785837
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT OTHER PROFESSIONAL FEES 17,381 11,159   6,222


TY 2024 TaxesSchedule
Name:
ELSIE M O'CONNELL TESTAMENTARY TR
 
C/O GLENWOOD STATE BANK
EIN:
39-6785837
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT TAXES/LICENSES 501 416   85