To provide scholarhip funding to needy individuals pursuing professions in a medically related field and a desire to serve the rural population of fulton, warren, knox and mcdonough counties in illinois.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $25K a year · 36% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
77 mo
of spending, in cash
Plus $510K in investments, Pt X · Ln 11–13
Looks good: 77.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45K
-54% vs prior year
Spent
$15K
To programs
100%
Net assets
$609K
By yearFY2020–FY2025
Revenue
$45K
FY2025▼ -54%
Tap a bar for its year
Revenue by fiscal year
FY2020$33K
FY2021$63K
FY2022$25K
FY2023$116K
FY2024$97K
FY2025$45K
Expenses
$15K
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$8K
FY2022$160K
FY2023$22K
FY2024$15K
FY2025$15K
Net assets
$609K
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$484K
FY2021$539K
FY2022$404K
FY2023$497K
FY2024$579K
FY2025$609K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1938.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $15K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Sec Treas
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Karra Sullivan’s $600 as Vice President is at the 2nd percentile of top reported officer pay among 200 <$100K health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2023FY2022FY2020
Karra Sullivan$600$1,800$1,500
Jay Stephens$600$1,800$1,500
Robert Sullivan$600$1,800$1,500
Linda Casper$525$900$750
Marna Steach——$600
Kelley Zimmerman$150——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Saunders Hospital executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds scholarships for medical students serving rural Illinois communities.

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Provided by the organization

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1 program · $15K · in their own filed words · FY2025
01

Establishing a successful scholarship progam and to help provide ongoing funding to needy individuals and organizations in the region performing services related to the medical field.

$15Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$45K
Ln 12
Investment incomeLn 3$45K
Money outPt IX
$15K
Ln 25
Programscol B$15K
Owns and owesPt X
$609K
net assets · Ln 32
Cash and savingsLn 1–2$99K
Total assetsLn 16$609K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$45K
Gains on assetsLn 7$17K
Total revenueLn 12$45K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$93K
Cash and savings togetherLn 1–2$99K
InvestmentsLn 11–13$510K
Total assetsLn 16$609K
LiabilitiesLn 26$0
Net assetsLn 32$609K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$98K$99K
InvestmentsLn 11–13$481K$510K
Total assetsLn 16$579K$609K
LiabilitiesLn 26$0$0
Net assetsLn 32$579K$609K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Pay of current officers, directors and key staffLn 5$3K$3K
Accounting feesLn 11c$850$850
Investment management feesLn 11f$6K$6K
OccupancyLn 16$90$90
InsuranceLn 23$445$445
Total functional expensesLn 25$15K$15K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $45K$15K$29K$609K 990 PDF
FY2024 $97K$15K$82K$579K 990 PDF
FY2023 $116K$22K$93K$497K 990 PDF
FY2022 $25K$160K−$135K$404K 990 PDF
FY2021 $63K$8K$54K$539K 990 PDF
FY2020 $33K$484K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $44,664 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$44,664
I-11 Other revenue$0
I-12 Total revenue$44,664
I-13 Grants and similar amounts paid$5,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$2,850
I-16a Professional fundraising fees$0
I-17 Other expenses$7,435
I-18 Total expenses$15,285
I-19 Revenue less expenses$29,379
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $44,664 across 4 lines filed
VIII-3 Investment incomeRelated to mission $27,733$27,733
VIII-7 Net gain or loss on sales of assetsRelated to mission $16,931$16,931
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $44,664 · Unrelated business $0 · Excluded from tax $0$44,664
Part IX · Statement of functional expenses $15,285 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $5,000$5,000
IX-5 Pay of current officers, directors and key staffPrograms $2,850$2,850
IX-11c Accounting feesPrograms $850$850
IX-11f Investment management feesPrograms $6,050$6,050
IX-16 OccupancyPrograms $90$90
IX-23 InsurancePrograms $445$445
IX-25 Total functional expensesPrograms $15,285 · Management $0 · Fundraising $0$15,285
Part X · Balance sheet $608,506 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $14,439$5,407
X-2 Savings and temporary cash investmentsStart of year $83,910$93,139
X-11 Publicly traded securitiesStart of year $480,778$509,960
X-16 Total assetsStart of year $579,127$608,506
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $579,127$608,506
X-33 Total liabilities and net assetsStart of year $579,127$608,506
Part XI · Reconciliation of net assets $608,506 net assets at year end
XI-1 Total revenue$44,664
XI-2 Total expenses$15,285
XI-3 Revenue less expenses$29,379
XI-4 Net assets at start of year$579,127
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$608,506

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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