Empower people, enable businesses, and energize neighborhoods by advancing economic prosperity for all.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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 4
filings with a surplus
Average surplus $289K a year · 90% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
142 mo
of spending, in cash
Looks good: 141.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $14K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$773K
+195% vs prior year
Spent
$98K
Net assets
$1.2M
By yearFY2022–FY2025
Revenue
$773K
FY2025▲ +195%
Tap a bar for its year
Revenue by fiscal year
FY2022$250K
FY2023$2K
FY2024$262K
FY2025$773K
Expenses
$98K
FY2025▲ +183%
Tap a bar for its year
Expenses by fiscal year
FY2022$0
FY2023$864
FY2024$34K
FY2025$98K
Net assets
$1.2M
FY2025▲ +141%
Tap a bar for its year
Net assets by fiscal year
FY2022$250K
FY2023$0
FY2024$478K
FY2025$1.2M

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2022.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $98K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Midwest Bankcentre Foundation 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

Advances economic prosperity by empowering people, enabling businesses, and energizing neighborhoods.

Questions for Midwest Bankcentre Foundation

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Provided by the organization

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1 program · in their own filed words · FY2025
01

The foundation is working towards its mission of advancing economic prosperity for all and is developing its action for fiscal year 2026. The funds and services of the foundation will be distributed to those defined in its 501(c)3 approval, and recipients of those funds and services will be chosen by the directors of the foundation.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$14K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$773K
Ln 12
Gifts and grantsLn 1h$769K
Investment incomeLn 3$5K
Money outPt IX
$98K
Ln 25
Managementcol C$98K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$769K
Investment incomeLn 3$5K
Total revenueLn 12$773K
Assets in detailPt X, end of year
CashLn 1$662K
SavingsLn 2$490K
Cash and savings togetherLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$478K$1.2M
Total assetsLn 16$478K$1.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$478K$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$850$850
Accounting feesLn 11c$500$500
Other fees for servicesLn 11g$90K$90K
Office expensesLn 13$595$595
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$818$818
Total functional expensesLn 25$98K$0$98K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $773K$98K$676K$1.2M 990 PDF
FY2024 $262K$34K$227K$478K 990 PDF
FY2023 $2K$864$873$0 990 PDF
FY2022 $250K$0$250K$250K 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 $773,279 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $261,000$768,760
I-9 Program service revenue$0
I-10 Investment incomePrior year $825$4,519
I-11 Other revenue$0
I-12 Total revenuePrior year $261,825$773,279
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $34,403$97,514
I-18 Total expensesPrior year $34,403$97,514
I-19 Revenue less expensesPrior year $227,422$675,765
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-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $773,279 across 4 lines filed
VIII-1f All other contributions, gifts and grants$768,760
VIII-1h Total contributions, gifts and grants$768,760
VIII-3 Investment incomeExcluded from tax $4,519$4,519
VIII-12 Total revenueExcluded from tax $4,519$773,279
Part IX · Statement of functional expenses $97,514 across 6 lines filed
IX-11b Legal feesManagement $850$850
IX-11c Accounting feesManagement $500$500
IX-11g Other fees for servicesManagement $90,432$90,432
IX-13 Office expensesManagement $595$595
IX-23 InsuranceManagement $4,319$4,319
IX-24 Other expenses (24a–d)Management $818$818
IX-25 Total functional expensesPrograms $0 · Management $97,514 · Fundraising $0$97,514
Part X · Balance sheet $1,152,894 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $6,733$662,412
X-2 Savings and temporary cash investmentsStart of year $471,565$490,482
X-16 Total assetsStart of year $478,298$1,152,894
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $478,298$689,367
X-28 Net assets with donor restrictions$463,527
X-32 Total net assets or fund balancesStart of year $478,298$1,152,894
X-33 Total liabilities and net assetsStart of year $478,298$1,152,894
Part XI · Reconciliation of net assets $1,152,894 net assets at year end
XI-1 Total revenue$773,279
XI-2 Total expenses$97,514
XI-3 Revenue less expenses$675,765
XI-4 Net assets at start of year$478,298
XI-5 Net unrealized gains (losses) on investments−$1,169
XI-10 Net assets at end of year$1,152,894

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

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