2024-05-13T19:01:22-05:00 2023-12-31 990 2023-01-01 376088111 BERNICE C MCCONNELL TRUST 1020010693 MCCO 3098341083 PO BOX 260 CHAMPAIGN IL 618240260 BUSEY BANK Trustee 3098341083 2024-05-02 false 2023 2023-04-26 12:10:37Z 363206 false X N/A X 1966 IL The Bernice McConnell Trust is a charitable trust established under the will of Bernice McConnell, and pays income to the First United Presbyterian Church of Leroy, Illinois. 0 0 0 0 0 0 0 12627 24271 155635 196455 168262 220726 123278 162351 0 4915 7045 0 0 996 1015 129189 170411 39073 50315 691706 741973 0 0 691706 741973 The Bernice McConnell Trust is a charitable trust established under the will of Bernice McConnell, and pays income to the First United Presbyterian Church of Leroy, Illinois. false false 162351 162351 Distributions to First United Presbyterian Church 162351 true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false true false false false false X 0 0 false false false false false false false true true false false true true true true true true true true false IL X Busey Bank 3098341083 2101 N Veterans Parkway Bloomington IL 61704 X Busey Bank Trustee 1.0 X 0 0 0 0 0 0 false false false 20849 20849 337799 141344 196455 196455 4558 1136 3422 3422 220726 20849 162351 162351 7045 7045 940 940 75 75 170411 162426 7985 0 176530 227933 312821 11421 301400 301400 213776 212640 691706 741973 0 0 X 691706 741973 691706 741973 691706 741973 X 50315 -48 X false false false X X 1 1st United Presb Church 371160849 1 true 162351 0 1 162351 0 true false false false false false false false false false false false false false false true false true X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Section D, Line 2 The trustee of the charitable trust maintains a close and continuous working relationship with the supported organization, the Leroy United Presbyterian Church, through consultation with the Church organization regarding the payment and use of income distributions from the trust. 301400 301400 11421 11421 301400 EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1a The Bernice McConnell Trust is a charitable trust with a corporate trustee, Busey Bank. The corporate trustee is responsible for managing trust assets and making the required distributions to the charitable beneficiary, a church. The corporate trustee has numerous officers, but there are no individual members of the governing body. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a Actions of the corporate trustee are subject to regular review by oversight committees of the trust company; all meetings documented. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW The Form 990 for the charitable trust is prepared by designated employees of the corporate trustee; it is reviewed and signed by other officer(s) prior to filing. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c The corporate trustee for the charitable trust has polices and procedures in place regarding conflicts of interest for all associates and all trust accounts. Employees receive training regarding such policies and procedures. Transactions are monitored by the compliance officer and auditor, and regular reports are made to appropriate committees of the corporate trustee. All conflicts of interest are required to be reported. FORM 990, PAGE 6, PART VI, LINE 15a No individuals are compensated from the charitable trust. The corporate trustee is compensated in accordance with its published fee schedule. All compensation paid to the corporate trustee, Busey Bank, is reported to the charitable beneficiary. FORM 990, PAGE 6, PART VI, LINE 15b The corporate trustee is compensated in accordance with its established fee schedule; no individuals are compensated by the trust. FORM 990, PAGE 6, PART VI, LINE 19 Trust documents and financial records are maintained at the office of the corporate trustee, Busey Bank, at 2101 N. Veterans Parkway, Bloomington, Illinois, and can be viewed during normal business hours. All financial and trust documents and reports are provided directly to the charitable trust beneficiary. EXPLANATION FOR FORM 990, PART XI, LINE 9 ($60.76) Income taxable in current year are posted in following year. $12.64 Income taxable in previous year posted in current year.