Nonprofit · EIN 23-7367151
SCHLARMAN FOUNDATION INC
Tax-exempt · DANVILLE, IL 61834
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $174,551 | $132,466 | $42,085 | $4,482,029 | $0 | $4,482,029 |
| June 30, 2024 | 990 | $169,500 | $143,949 | $25,551 | $4,309,855 | $0 | $4,309,855 |
| June 30, 2023 | 990 | $371,630 | $273,387 | $98,243 | $4,191,289 | $0 | $4,191,289 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $22,142
- Program service revenue
- $0
- Investment income
- $66,909
- Net gain from sales of assets
- $241
- Other revenue
- $85,500
Expenses
- Grants and similar amounts paid
- $92,241
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,662
- Program services (functional)
- $111,841
- Management and general (functional)
- $20,625
Balance sheet and other
- Total assets, start of year
- $4,309,855
- Total assets, end of year
- $4,482,029
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,482,029
- Publicly traded securities
- $1,838,767
- Net assets without donor restrictions
- $1,582,932
- Net assets with donor restrictions
- $2,899,097
- Gross receipts
- $174,707
- Employees
- 0
- Volunteers
- 19
- Year formed
- 1974
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NANCY O'KANE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RAYMOND BRODERICK | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARK PELLEGRINI | TREASURER Trustee or director, Officer | 1 | $0 |
| PAUL JANOSIK | DIRECTOR Trustee or director | 1 | $0 |
| JOHN O'ROURKE | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM DONAHUE | DIRECTOR Trustee or director | 1 | $0 |
| FRED FAULSTICH | DIRECTOR Trustee or director | 1 | $0 |
| JODY LEGETT | DIRECTOR Trustee or director | 1 | $0 |
| BECKY SCHLECHT | DIRECTOR Trustee or director | 1 | $0 |
| JUDY MYERS | DIRECTOR Trustee or director | 1 | $0 |
| FR JOHN CYR | DIRECTOR Trustee or director | 1 | $0 |
| CURT GIROUARD | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN NEVILLE | DIRECTOR Trustee or director | 1 | $0 |
| PETER GOODWIN | DIRECTOR Trustee or director | 1 | $0 |
| JERRY O'NEILL | DIRECTOR Trustee or director | 1 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERNIE TRAUX | DIRECTOR Trustee or director | 1 | $0 |
| MARK JANESKY | DIRECTOR Trustee or director | 1 | $0 |
| CHUCK KASPER | DIRECTOR Trustee or director | 1 | $0 |
| SUE O'NEILL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NANCY O'KANE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RAYMOND BRODERICK | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARK PELLEGRINI | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL BRYANT | DIRECTOR Trustee or director | 1 | $0 |
| PAUL JANOSIK | DIRECTOR Trustee or director | 1 | $0 |
| JOHN O'ROURKE | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD CARROLL | DIRECTOR Trustee or director | 1 | $0 |
| RAJ KARINATTU | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM DONAHUE | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA OWENS | DIRECTOR Trustee or director | 1 | $0 |
| FRED FAULSTICH | DIRECTOR Trustee or director | 1 | $0 |
| JODY LEGETT | DIRECTOR Trustee or director | 1 | $0 |
| BECKY SCHLECHT | DIRECTOR Trustee or director | 1 | $0 |
| JUDY MYERS | DIRECTOR Trustee or director | 1 | $0 |
| FR JOHN CYR | DIRECTOR Trustee or director | 1 | $0 |
| CURT GIROUARD | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN NEVILLE | DIRECTOR Trustee or director | 1 | $0 |
| PETER GOODWIN | DIRECTOR Trustee or director | 1 | $0 |
| JERRY O'NEILL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BECKY SCHLECHT | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN NEVILLE | DIRECTOR Trustee or director | 1 | $0 |
| CURT GIROUARD | DIRECTOR Trustee or director | 1 | $0 |
| FRED FAULSTICH | DIRECTOR Trustee or director | 1 | $0 |
| JERRY O'NEILL | DIRECTOR Trustee or director | 1 | $0 |
| JODY LEGETT | DIRECTOR Trustee or director | 1 | $0 |
| JOHN O'ROURKE | DIRECTOR Trustee or director | 1 | $0 |
| JUDY MYERS | DIRECTOR Trustee or director | 1 | $0 |
| MARK PELLEGRINI | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL BRYANT | DIRECTOR Trustee or director | 1 | $0 |
| NANCY O'KANE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PATRICIA OWENS | DIRECTOR Trustee or director | 1 | $0 |
| PAUL JANOSIK | DIRECTOR Trustee or director | 1 | $0 |
| PETER GOODWIN | DIRECTOR Trustee or director | 1 | $0 |
| RAJ KARINATTU | DIRECTOR Trustee or director | 1 | $0 |
| RAYMOND BRODERICK | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| RICHARD CARROLL | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM DONAHUE | DIRECTOR Trustee or director | 1 | $0 |
| FR THOMAS SZYDILK | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 874, DANVILLE, IL 61834-0874
- In care of
- % SCHLARMAN DEVELOPMENT OFFICE
- Principal officer (990 for 2024)
- WILLIAM DONAHUE, PO BOX 874, DANVILLE, IL 618340874
- Signed the 990
- WILLIAM DONAHUE, BOARD PRESIDENT
- Phone
- (217) 442-7947
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
SCHLARMAN FOUNDATION WAS FORMED TO PROVIDE FINANCIAL SUPPORT TO ALL FACETS OF CATHOLIC EDUCATION WITHIN THE JURISDICTION OF SCHLARMAN ACADEMY AND TO ASSIST THE SCHLARMAN ADVANCEMENT OFFICE IN PROVIDING SUPPORT IN AREAS OF LONG-RANGE FINANCIAL DEVELOPMENT.
Program accomplishments
- FINANCIAL SUPPORT PROVIDED TO SCHLARMAN ACADEMY IN SUPPORT OF CATHOLIC EDUCATION, INCLUDING SCHOLARSHIPS PROVIDED TO SCHLARMAN STUDENTS.Expenses $111,841 · grants $92,241 · revenue $85,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7367151
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,482,029
- Income (IRS master file)
- $174,707
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $174,551 | $132,466 | $4,482,029 | IRS |
| 990 | June 2024 | $169,500 | $143,949 | $4,309,855 | XML |
| 990 | June 2023 | $371,630 | $273,387 | $4,191,289 | XML |
| 990 | June 2022 | $594,076 | $133,482 | $4,055,135 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7367151).
Questions about SCHLARMAN FOUNDATION INC
- What is the EIN of SCHLARMAN FOUNDATION INC?
- The employer identification number (EIN) of SCHLARMAN FOUNDATION INC is 23-7367151.
- Is SCHLARMAN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to SCHLARMAN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does SCHLARMAN FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SCHLARMAN FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SCHLARMAN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SCHLARMAN FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names WILLIAM DONAHUE.
- Who are the officers and directors of SCHLARMAN FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does SCHLARMAN FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $174,551, expenses of $132,466 and total assets of $4,482,029 at year end.
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