Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1988.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
24 people listed on the 990.
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
Raises funds to support Illinois Central College's educational, charitable, and benevolent mission.
Questions for Illinois Central College Foundation
Your first name shows with your question. Illinois Central College Foundation answers here, for everyone.
Provide financial assistance in order to provide student housing for 330 students on campus for illinois central college.
Miscellaneous support provided to illinois central college for child care programs, athletic department expenses, international studies program, technical trades and instructional supplies.
Awarded student scholarships to approximately 600 qualifying illinois central college students.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $39.6M | $28.8M | $25.6M | $28.2M | $31.8M |
| Given inLn 1b | $3.7M | $1.0M | $1.0M | $1.2M | $2.0M |
| SpentLn 1d–1f | $1.9M | −$1.5M | $1.3M | $677K | $589K |
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $954K | $345K |
| InvestmentsLn 11–13 | $39.8M | |
| Land, buildings, equipmentLn 10c | $4.8M | $4.4M |
| Total assetsLn 16 | $41.8M | $45.3M |
| LiabilitiesLn 26 | $14.3M | $13.8M |
| Net assetsLn 32 | $27.5M | $31.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $847K | $847K | ||
| Legal feesLn 11b | $1K | $1K | ||
| Investment management feesLn 11f | $87K | $87K | ||
| Other fees for servicesLn 11g | $650K | $650K | ||
| Office expensesLn 13 | $54K | $54K | ||
| Information technologyLn 14 | $6K | $6K | ||
| Conferences, conventions and meetingsLn 19 | $93K | $93K | ||
| InterestLn 20 | $645K | $645K | ||
| Payments to affiliatesLn 21 | $276K | $276K | ||
| Depreciation, depletion and amortizationLn 22 | $504K | $504K | ||
| Other expenses (24a–d)Ln 24 | $1.4M | $1.4M | ||
| Total functional expensesLn 25 | $4.6M | $4.6M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Feb 11, 2026 | $6.1M | $4.6M | $1.5M | $31.4M | 990 PDF |
| FY2024Filed with the IRS Jan 21, 2025 | $5.0M | $4.4M | $594K | $27.5M | 990 PDF |
| FY2023Filed with the IRS Apr 13, 2024 | $3.7M | $4.0M | −$275K | $23.8M | 990 PDF |
| FY2022Filed with the IRS Mar 10, 2023 | $5.1M | $3.0M | $2.1M | $21.8M | 990 PDF |
| FY2021Filed with the IRS Feb 8, 2022 | $5.1M | $2.6M | $2.5M | $25.3M | 990 PDF |
| FY2020Filed with the IRS Feb 5, 2021 | $3.4M | $2.8M | $534K | $18.5M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $6,133,173 revenue, 12 lines filed
Part VI · Governance 18 of 18 board members independent, 2 to look at
Part VIII · Statement of revenue $6,133,173 across 10 lines filed
Part IX · Statement of functional expenses $4,603,286 across 11 lines filed
Part X · Balance sheet $45,269,321 assets, 16 lines filed
Part XI · Reconciliation of net assets $31,430,981 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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