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Thomas Frasier Clark Foundation

Not tax-deductible

Clinton, IL501(c)(4) EIN 37-6036668Revenue $42K in FY2025Latest return filed Aug 7, 2025

On file with the IRSClinton, IL

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To provide financial grants to farmer city, illinois, community, schools and public library; to award scholarships to local college students

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-6036668) · Dispute this line
501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
Run by 1 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list 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
0 of 5
filings with a surplus
Average deficit $11K a year · 28% of revenue · last 5 filings
A surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
101%
of spending
101% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
19.2 mo
of spending, in cash
Plus $1.1M in investments, Pt X · Ln 11–13
19.2 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
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$42K
+0.2% vs prior year
Spent
$50K
To programs
101%
Net assets
$1.2M
By yearFY2021–FY2025
Revenue
$42K
FY2025+0.2%
Tap a bar for its year
Revenue by fiscal year
FY2021$37K
FY2022$39K
FY2023$41K
FY2024$42K
FY2025$42K
Expenses
$50K
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2021$61K
FY2022$45K
FY2023$52K
FY2024$49K
FY2025$50K
Net assets
$1.2M
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.3M
FY2022$1.2M
FY2023$1.1M
FY2024$1.2M
FY2025$1.2M

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

990 PDF Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

101 cents of each dollar spent went to programs.

Program services 101% · $51K Management & general 17% · $8K

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

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Brian Easter
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Kristi Jayne
Board Member
$0Pt VII · Sec A
Ryan Peyton
Treasurer
$0Pt VII · Sec A
F Dick Maxwell
Board Member
$0Pt VII · Sec A
Emily Jo Little
Board Member
$0Pt VII · Sec A
William McKinley
Board Member
$0Pt VII · Sec A
Thomas Szydlik
Board Member
$0Pt VII · Sec A
See Thomas Frasier Clark Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards grants to local schools and library, and scholarships to students.

Questions for Thomas Frasier Clark Foundation

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1 program · in their own filed words · FY2024
01

To provide scholarship to college students

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-6036668) · Dispute this line
Pt IX · Ln 25 · col B

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 · $169K · 2020–2023
City of Farmer CityFY2023$23,670
Unitemized GrantFY2023$15,000
City of Farmer CityFY2022$27,782
Unitemized GrantFY2022$16,000
The Blue Ridge Football CorporationIL · FY2022$8,000
City of Farmer CityFY2021$18,967
Unitemized GrantFY2021$16,000
City of Farmer CityFY2020$22,800
Unitemized GrantFY2020$15,000
Blue Ridge Community Unit School District No 18IL · FY2020$6,030

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$42K
Ln 12
Investment incomeLn 3$42K
Money outPt IX
$50K
Ln 25
Programscol B$51K
Managementcol C$8K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$42K
Total revenueLn 12$42K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$76K
Cash and savings togetherLn 1–2$81K
InvestmentsLn 11–13$1.1M
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$91K$81K
InvestmentsLn 11–13$1.1M$1.1M
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$26K$26K
Grants to domestic individualsLn 2$16K$25K
Investment management feesLn 11f$7K$7K
Office expensesLn 13$314$314
InsuranceLn 23$776$776
Total functional expensesLn 25$50K$51K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 7, 2025 $42K$50K−$9K$1.2M 990 PDF
FY2024Filed with the IRS Sep 3, 2024 $42K$49K−$7K$1.2M 990 PDF
FY2023Filed with the IRS Sep 13, 2023 $41K$52K−$11K$1.1M 990 PDF
FY2022Filed with the IRS Sep 13, 2022 $39K$45K−$6K$1.2M 990 PDF
FY2021Filed with the IRS Aug 2, 2021 $37K$61K−$24K$1.3M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $41,802 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $41,719$41,802
I-11 Other revenue$0
I-12 Total revenuePrior year $41,719$41,802
I-13 Grants and similar amounts paidPrior year $40,670$42,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $7,999$8,468
I-18 Total expensesPrior year $48,669$50,468
I-19 Revenue less expensesPrior year −$6,950−$8,666
Part VI · Governance 8 of 8 board members independent, 5 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $41,802 across 2 lines filed
VIII-3 Investment incomeRelated to mission $41,802$41,802
VIII-12 Total revenueRelated to mission $41,802$41,802
Part IX · Statement of functional expenses $50,468 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $26,000$26,000
IX-2 Grants to domestic individualsPrograms $24,909$16,000
IX-11f Investment management feesManagement $7,378$7,378
IX-13 Office expensesManagement $314$314
IX-23 InsuranceManagement $776$776
IX-25 Total functional expensesPrograms $50,909 · Management $8,468 · Fundraising $0$50,468
Part X · Balance sheet $1,222,867 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $348$4,968
X-2 Savings and temporary cash investmentsStart of year $90,738$75,920
X-11 Publicly traded securitiesStart of year $1,096,044$1,141,979
X-16 Total assetsStart of year $1,187,130$1,222,867
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $1,187,130$1,222,867
X-32 Total net assets or fund balancesStart of year $1,187,130$1,222,867
X-33 Total liabilities and net assetsStart of year $1,187,130$1,222,867
Part XI · Reconciliation of net assets $1,222,867 net assets at year end
XI-1 Total revenue$41,802
XI-2 Total expenses$50,468
XI-3 Revenue less expenses−$8,666
XI-4 Net assets at start of year$1,187,130
XI-9 Other changes in net assets$44,403
XI-10 Net assets at end of year$1,222,867

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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