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Nonprofiteer
← GALESBURG COMMUNITY FOUNDATION

Form 990 for tax year 2025

Filed by GALESBURG COMMUNITY FOUNDATION.

Totals

Total revenue
$7,540,349
Total expenses
$4,610,366
Contributions and grants received
$5,376,904
Grants paid
$2,839,637
Program service revenue
$275,222
Investment income
$1,586,710
Other revenue
$301,513
Total assets, end of year
$58,883,728
Total liabilities, end of year
$8,288,597
Net assets or fund balances, end of year
$50,595,131
Program services expenses (Part IX)
$3,551,219
Management and general expenses
$809,359
Fundraising expenses
$249,788
Program service expenses (Part III)
$3,551,219

Program services were 77.0% 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.

  • 1f · All other contributions, gifts and grants

    $5,376,904

  • 1g · Noncash contributions included above

    $972,181

  • 2a · Program service revenue

    total $184,332 · related or exempt $184,332

  • 2b · Program service revenue: FARM PROPERTY EASEMENT

    total $83,940 · related or exempt $83,940

  • 2c · Program service revenue: PROGRAM TRAINING

    total $6,950 · related or exempt $6,950

  • 3 · Investment income

    total $1,123,395 · related or exempt $1,123,395

  • 6a · Gross rents

    real property $356,393

  • 6b · Less rental expenses

    real property $221,594

  • 6c · Rental income or loss

    real property $134,799

  • 6d · Net rental income or loss

    total $134,799 · related or exempt $134,799

  • 7a · Gross sales of assets other than inventory

    securities $463,315

  • 7c · Gain or loss

    securities $463,315

  • 7d · Net gain or loss

    total $463,315 · related or exempt $463,315

  • 10a · Gross sales of inventory

    $163,308

  • 10b · Cost of goods sold

    $13,044

  • 10c · Net income from sales of inventory

    total $150,264 · excluded $150,264

  • 11a · Other revenue: MISCELLANEOUS

    total $16,450 · related or exempt $16,450

  • 11e · Other revenue, total

    $16,450

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,820,437 · program services $2,820,437

  • 2 · Grants to domestic individuals

    total $19,200 · program services $19,200

  • 5 · Compensation of officers, directors and key employees

    total $372,865 · program services $197,608 · management and general $144,310 · fundraising $30,947

  • 7 · Other salaries and wages

    total $295,313 · program services $144,612 · management and general $66,914 · fundraising $83,787

  • 9 · Other employee benefits

    total $138,015 · program services $45,772 · management and general $56,418 · fundraising $35,825

  • 10 · Payroll taxes

    total $44,804 · program services $44,804

  • 11a · Fees: management

    total $173,150 · management and general $173,150

  • 11b · Fees: legal

    total $56,062 · management and general $50,456 · fundraising $5,606

  • 11g · Fees: other

    total $143,262 · management and general $143,262

  • 12 · Advertising and promotion

    total $69,884 · program services $20,965 · management and general $6,989 · fundraising $41,930

  • 13 · Office expenses

    total $14,970 · program services $3,084 · management and general $7,429 · fundraising $4,457

  • 14 · Information technology

    total $35,218 · program services $24,653 · management and general $7,043 · fundraising $3,522

  • 16 · Occupancy

    total $1,643 · program services $1,150 · management and general $329 · fundraising $164

  • 17 · Travel

    total $18,222 · program services $9,267 · management and general $5,731 · fundraising $3,224

  • 22 · Depreciation, depletion and amortization

    total $25,293 · program services $18,437 · management and general $4,571 · fundraising $2,285

  • 23 · Insurance

    total $35,851 · management and general $35,851

  • 24a · Other expenses: TRAINING PROGRAM

    total $120,990 · program services $120,990

  • 24b · Other expenses: EQUIPMENT

    total $67,516 · management and general $57,389 · fundraising $10,127

  • 24c · Other expenses: DUES & PUBLICATIONS

    total $55,201 · program services $28,073 · management and general $17,362 · fundraising $9,766

  • 24e · All other expenses

    total $102,470 · program services $52,167 · management and general $32,155 · fundraising $18,148

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,300,553 · end of year $453,666

  • 2 · Savings and temporary cash investments

    beginning of year $1,139,546 · end of year $806,656

  • 3 · Pledges and grants receivable

    beginning of year $1,046,072 · end of year $574,070

  • 4 · Accounts receivable

    beginning of year $16,766 · end of year $4,425,342

  • 7 · Other notes and loans receivable

    beginning of year $11,865 · end of year $11,629

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

    $11,825,080

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

    $918,246

  • 10c · Land, buildings and equipment, net

    beginning of year $8,359,331 · end of year $10,906,834

  • 11 · Investments: publicly traded securities

    beginning of year $29,438,037 · end of year $39,259,587

  • 15 · Other assets

    beginning of year $9,033,402 · end of year $2,445,944

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,460 · end of year $119,174

  • 18 · Grants payable

    beginning of year $829,140 · end of year $333,372

  • 25 · Other liabilities

    beginning of year $4,530,410 · end of year $7,836,051

  • 27 · Net assets without donor restrictions

    beginning of year $11,642,941 · end of year $12,251,189

  • 28 · Net assets with donor restrictions

    beginning of year $33,280,621 · end of year $38,343,942

Mission and programs · 2025

Mission

THE GALESBURG COMMUNITY FOUNDATION WORKS TO IMPROVE THE QUALITY AND HEALTH OF OUR COMMUNITIES. WE BELIEVE THAT CONNECTIING PEOPLE TO THE CAUSES THEY CARE ABOUR IS A KEY INGREDIENT TO EFFECTIVE PHILANTHROPY.

Activities or mission (Part I)

IMPROVE THE QUALITY AND HEALTH OF OUR COMMUNITIES. WE BELIEVE THAT CONNECTING PEOPLE TO THE CAUSES THEY CARE ABOUT IS A KEY INGREDIENT TO EFFECTIVE PHILANTHROPY.

  • PROVIDE COMPETITIVE GRANT MAKING TO NONPROFITS WHOSE PROGRAMS ENGAGE AND BETTER THE COMMUNITY THEY SERVE.

    Expenses $3,551,219 · Grants $2,839,637

As filed on the 2025 return.

Listed in Part VII

  • Joshua Gibb

    CHIEF EXEC O

    Total calculated
    $246,071
    From this org
    $217,365
    From related orgs
    $0
    Other
    $28,706
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,365
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $28,706
    Filer's total
    $246,071

  • Shawn Hedden

    DIRECTOR OF

    Total calculated
    $126,794
    From this org
    $116,769
    From related orgs
    $0
    Other
    $10,025
    Hours/week
    40

  • David Erickson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dr Brian Plattner

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Carol Shaw

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jamie Yemm

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr John McClean

    PAST CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Dustin Courson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lisa Gavin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chad Long

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Adam Welty

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
30 June 2026
IRS schema version
2025v4.0
Source object
202641819349300714

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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