E G Cornwell Educational Trust

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Education Grants

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-1064808) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $17K a year · 24% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
96% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$500
to officers and key staff · 0.7% of spending
Pay to officers and key staff is 0.7% of spending.
Part VII, Section A
82.7 mo
of spending, in cash
82.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$44K
-46% vs prior year
Spent
$72K
To programs
96%
Net assets
$846K
By yearFY2021–FY2025
Revenue
$44K
FY2025▼ -46%
Tap a bar for its year
Revenue by fiscal year
FY2021$71K
FY2022$49K
FY2023$107K
FY2024$82K
FY2025$44K
Expenses
$72K
FY2025▲ +55%
Tap a bar for its year
Expenses by fiscal year
FY2021$72K
FY2022$39K
FY2023$39K
FY2024$47K
FY2025$72K
Net assets
$846K
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$764K
FY2022$750K
FY2023$821K
FY2024$865K
FY2025$846K

From the FY2025 Form 990 (year ending June 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1990.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $69K Management & general 4% · $3K

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

4 people listed on the 990; $500 paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$500Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
James Frazier$500$500$500

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 E G Cornwell Educational Trust executive salaries →

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

E G Cornwell Educational Trust is a supporting organization based in Jerseyville, IL.

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1 program · $69K · in their own filed words · FY2024
01

To provide monetary assistance to area school children so they may further their education.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-1064808) · Dispute this line
$69Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $24K · 2020–2024
Unitemized GrantFY2024$3,000
Unitemized GrantFY2024$2,500
Unitemized GrantFY2023$2,500
Unitemized GrantFY2023$2,000
Unitemized GrantFY2022$2,500
Unitemized GrantFY2022$2,000
Unitemized GrantFY2021$2,500
Unitemized GrantFY2021$2,000
Unitemized GrantFY2020$2,500
Unitemized GrantFY2020$2,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$44K
Ln 12
Gifts and grantsLn 1h$16K
Other incomeLn 4–11$15K
Investment incomeLn 3$12K
Money outPt IX
$72K
Ln 25
Programscol B$69K
Managementcol C$3K
Owns and owesPt X
$846K
net assets · Ln 32
Cash and savingsLn 1–2$497K
Total assetsLn 16$846K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Investment incomeLn 3$12K
Other incomeLn 4–11$15K
Gains on assetsLn 7$15K
Total revenueLn 12$44K
Assets in detailPt X, end of year
CashLn 1$199K
SavingsLn 2$298K
Cash and savings togetherLn 1–2$497K
Land, buildings, equipmentLn 10c$170K
InvestmentsLn 11–13$179K
Total assetsLn 16$846K
LiabilitiesLn 26$0
Net assetsLn 32$846K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
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$517K$497K
InvestmentsLn 11–13$160K$179K
Land, buildings, equipmentLn 10c$188K$170K
Total assetsLn 16$865K$846K
LiabilitiesLn 26$0$0
Net assetsLn 32$865K$846K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$67K$67K
Accounting feesLn 11c$3K$2K$2K$0
Office expensesLn 13$1K$183$1K$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$500$0$500$0
Total functional expensesLn 25$72K$69K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Sep 11, 2025 $44K$72K−$28K$846K 990 PDF
FY2024Filed with the IRS Sep 11, 2024 $82K$47K$35K$865K 990 PDF
FY2023Filed with the IRS Dec 12, 2023 $107K$39K$69K$821K 990 PDF
FY2022Filed with the IRS Nov 7, 2022 $49K$39K$10K$750K 990 PDF
FY2021Filed with the IRS Nov 12, 2021 $71K$72K−$1K$764K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $43,937 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,203$16,250
I-9 Program service revenue$0
I-10 Investment incomePrior year $64,658$27,687
I-11 Other revenue$0
I-12 Total revenuePrior year $81,861$43,937
I-13 Grants and similar amounts paidPrior year $39,000$67,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $7,503$5,114
I-18 Total expensesPrior year $46,503$72,114
I-19 Revenue less expensesPrior year $35,358−$28,177
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $43,937 across 5 lines filed
VIII-1f All other contributions, gifts and grants$16,250
VIII-1h Total contributions, gifts and grants$16,250
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $12,475$12,475
VIII-7 Net gain or loss on sales of assetsRelated to mission $15,212 · Unrelated business $0 · Excluded from tax $0$15,212
VIII-12 Total revenueRelated to mission $15,212 · Unrelated business $0 · Excluded from tax $12,475$43,937
Part IX · Statement of functional expenses $72,114 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $67,000$67,000
IX-11c Accounting feesPrograms $1,699 · Management $1,699 · Fundraising $0$3,398
IX-13 Office expensesPrograms $183 · Management $1,033 · Fundraising $0$1,216
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $500 · Fundraising $0$500
IX-25 Total functional expensesPrograms $68,882 · Management $3,232 · Fundraising $0$72,114
Part X · Balance sheet $845,531 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $221,068$199,023
X-2 Savings and temporary cash investmentsStart of year $295,779$297,997
X-10c Land, buildings and equipment, netStart of year $187,874$169,573
X-11 Publicly traded securitiesStart of year $159,859$178,938
X-16 Total assetsStart of year $864,580$845,531
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $819,905$800,856
X-28 Net assets with donor restrictionsStart of year $44,675$44,675
X-32 Total net assets or fund balancesStart of year $864,580$845,531
X-33 Total liabilities and net assetsStart of year $864,580$845,531
Part XI · Reconciliation of net assets $845,531 net assets at year end
XI-1 Total revenue$43,937
XI-2 Total expenses$72,114
XI-3 Revenue less expenses−$28,177
XI-4 Net assets at start of year$864,580
XI-5 Net unrealized gains (losses) on investments$9,128
XI-10 Net assets at end of year$845,531

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

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