Hope Abbey Char Trust FY2020 filing

Not tax-deductible

Galesburg, ILCemetery / fraternalMutual / membership EIN 37-1055451Revenue $12K in FY2020

On file with the IRS21 E Main St, 61401-4525 · Galesburg, ILTax-exempt since Feb 1979

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Trust generates portfolio income which is used for the maintenance and upkeep of the Hope Abbey cemetery

47¢ of each $1 spent went to programs.
$2K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
3 of 3
filings with a surplus
Average surplus $9K a year · 69% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2K
to officers and key staff · 69% of spending
Concern: pay to officers and key staff is 69% of spending; over 30%.
Pt VII · Sec A
28 mo
of spending, in cash
Plus $125K in investments, Pt X · Ln 11–13
Looks good: 27.5 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
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12K
Spent
$4K
To programs
47%
Net assets
$133K
By yearFY2020–FY2025
Revenue
$12K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$12K
FY2021$13K
FY2022$7K
FY2023$17K
FY2024$7K
FY2025$12K
Expenses
$4K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4K
FY2021$4K
FY2022Not on file
FY2023Not on file
FY2024Not on file
FY2025$4K
Net assets
$133K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$133K
FY2021$142K
FY2022$145K
FY2023$158K
FY2024$158K
FY2025$166K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1979.

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

Where the money goes

47 cents of each dollar spent went to programs.

Program services 47% · $2K Management & general 53% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990; $2K paid to officers and key staff.

Part VII, Section A · reportable compensation
$2,496Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Wells Fargo Bank NA——$2,608$2,587$2,665$2,496
Cbi Bank Trust$2,135—————
Fm Bank—$1,564————

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.

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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

Generates income for cemetery maintenance and upkeep.

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Provided by the organization

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1 program · $2K · in their own filed words · FY2020
01

To provide support for the care and maintenance of the hope abbey cemetery

$2Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$12K
Ln 12
Investment incomeLn 3$12K
Money outPt IX
$4K
Ln 25
Programscol B$2K
Managementcol C$2K
Owns and owesPt X
$133K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$133K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$12K
Gains on assetsLn 7$8K
Total revenueLn 12$12K
Assets in detailPt X, end of year
CashLn 1$388
SavingsLn 2$8K
Cash and savings togetherLn 1–2$8K
InvestmentsLn 11–13$125K
Total assetsLn 16$133K
LiabilitiesLn 26$0
Net assetsLn 32$133K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$11K$8K
InvestmentsLn 11–13$113K$125K
Total assetsLn 16$124K$133K
LiabilitiesLn 26$0$0
Net assetsLn 32$124K$133K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$100$100
Pay of current officers, directors and key staffLn 5$2K$624$2K
Accounting feesLn 11c$957$957
Other fees for servicesLn 11g$0$0$0
Other expenses (24a–d)Ln 24$44$15$29
Total functional expensesLn 25$4K$2K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $12K$4K$8K$166K 990 PDF
FY2024 $7K$158K 990 PDF
FY2023 $17K$158K 990 PDF
FY2022 $7K$145K 990 PDF
FY2021 $13K$4K$9K$142K 990 PDF
FY2020 Viewing $12K$4K$9K$133K 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 FY2020 990 (6 parts)
Part I · Summary $12,148 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $10,459$12,148
I-11 Other revenue$0
I-12 Total revenuePrior year $10,459$12,148
I-13 Grants and similar amounts paidPrior year $596$100
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,319$2,496
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,011$1,001
I-18 Total expensesPrior year $3,926$3,597
I-19 Revenue less expensesPrior year $6,533$8,551
Part VI · Governance 0 of 1 board members independent, 1 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $12,148 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $3,894$3,894
VIII-7 Net gain or loss on sales of assetsExcluded from tax $8,254$8,254
VIII-12 Total revenueExcluded from tax $12,148$12,148
Part IX · Statement of functional expenses $3,597 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $100$100
IX-5 Pay of current officers, directors and key staffPrograms $624 · Management $1,872$2,496
IX-11c Accounting feesPrograms $957$957
IX-11g Other fees for servicesPrograms $0 · Management $0$0
IX-24 Other expenses (24a–d)Programs $15 · Management $29$44
IX-25 Total functional expensesPrograms $1,696 · Management $1,901 · Fundraising $0$3,597
Part X · Balance sheet $132,787 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $217$388
X-2 Savings and temporary cash investmentsStart of year $10,712$7,855
X-11 Publicly traded securitiesStart of year $113,349$124,544
X-16 Total assetsStart of year $124,278$132,787
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $124,278$132,787
X-32 Total net assets or fund balancesStart of year $124,278$132,787
X-33 Total liabilities and net assetsStart of year $124,278$132,787
Part XI · Reconciliation of net assets $132,787 net assets at year end
XI-1 Total revenue$12,148
XI-2 Total expenses$3,597
XI-3 Revenue less expenses$8,551
XI-4 Net assets at start of year$124,278
XI-9 Other changes in net assets−$42
XI-10 Net assets at end of year$132,787

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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