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Nonprofiteer
← WAVERLY C WORKMAN TEST TR

Form 990 for tax year 2025

Filed by WAVERLY C WORKMAN TEST TR.

Totals

Total revenue
$239,805
Total expenses
$934,630
Contributions and grants received
$0
Grants paid
$913,002
Program service revenue
$0
Investment income
$93,436
Other revenue
$146,369
Total assets, end of year
$7,636,362
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,636,362
Program services expenses (Part IX)
$913,002
Management and general expenses
$21,628
Fundraising expenses
$0
Program service expenses (Part III)
$913,002

Program services were 97.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $54,402 · excluded $54,402

  • 6a · Gross rents

    real property $381,253

  • 6b · Less rental expenses

    real property $234,884

  • 6c · Rental income or loss

    real property $146,369

  • 6d · Net rental income or loss

    total $146,369

  • 7a · Gross sales of assets other than inventory

    securities $678,544

  • 7b · Less cost or other basis and sales expenses

    securities $639,510

  • 7c · Gain or loss

    securities $39,034

  • 7d · Net gain or loss

    total $39,034

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $913,002 · program services $913,002

  • 5 · Compensation of officers, directors and key employees

    total $20,678 · management and general $20,678

  • 11c · Fees: accounting

    total $950 · management and general $950

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $145,398 · end of year $18,244

  • 10a · Land, buildings and equipment: cost or other basis

    $6,700,509

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,477

  • 10c · Land, buildings and equipment, net

    beginning of year $6,697,467 · end of year $6,697,032

  • 11 · Investments: publicly traded securities

    beginning of year $1,488,320 · end of year $921,086

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,331,185 · end of year $7,636,362

Mission and programs · 2025

Mission

TRUST ESTABLISHED UNDER THE TERMS OF THE WILL OF WAVERLY C. WORKMAN. ACCORDING TO THE PROVISIONS IN THE WILL, THE TRUSTEE WILL LEASE AND MANAGE THE FARM LAND REAL ESTATE. THE TRUSTEE SHALL DISTRIBUTE THE NET INCOME ANNUALLY FROM SAID FARM LAND AFTER NECESSARY EXPENSES AND INCLUDING A REASONABLE RESERVE FUND FOR THE NEXT CROP YEAR, 1/3 EACH TO THE FOLLOWING NON-PROFIT ORGANIZATIONS:1) ILLINOIS CHURCHES IN ACTION, 2)ILLINOIS GREAT RIVERS ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH. CONFERENCE BOARD OF GLOBAL MINISTRIES AND 3)CONFERENCE BOARD OF ORDAINED MINISTRY, WHICH SHALL DISTRIBTE SAID FUNDS AS SCHOLARSHIPS OR GRANTS FOR ILLIOIS MINISTERIAL STUDENTS TO ATTEND METHODIST/WESLEYAN SEMINARIES.

  • ILLINOIS CHURCHES IN ACTION

    Expenses $304,334 · Grants $304,334

  • ILLINOIS GREAT RIVERS/UNITED METHODIST/GLOBAL MIINISTRIES

    Expenses $304,334 · Grants $304,334

  • ILLINOIS GREAT RIVERS/UNITED METHODIST/ORDAINED MINISTRY

    Expenses $304,334 · Grants $304,334

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Busey Bank

    TRUSTEE

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
14 May 2026
IRS schema version
2025v4.1
Source object
202601359349306810

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