Nonprofit · EIN 26-1220258
BLOOMINGTON PUBLIC SCHOOLS DISTRICT 87 FOUNDATION INC
Tax-exempt · BLOOMINGTON, IL 61702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $285,492 | $70,818 | $214,674 | $3,044,646 | $0 | $3,044,646 |
| December 31, 2024 | 990 | $149,577 | $60,420 | $89,157 | $2,712,053 | $0 | $2,712,053 |
| December 31, 2023 | 990 | $93,957 | $59,248 | $34,709 | $2,454,022 | $0 | $2,454,022 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $43,221
- Program service revenue
- $0
- Investment income
- $242,271
- Net gain from sales of assets
- $177,307
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $56,261
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,815
- Program services (functional)
- $70,818
Balance sheet and other
- Total assets, start of year
- $2,712,053
- Total assets, end of year
- $3,044,646
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,044,646
- Publicly traded securities
- $2,641,947
- Net assets without donor restrictions
- $3,044,646
- Gross receipts
- $988,914
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2007
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH FOX ANVICK | BOARD MEMBER | 1 | $0 |
| DR CHARLES IRWIN | PRESIDENT | 1 | $0 |
| BRIGETTE GIBSON | BOARD MEMBER | 1 | $0 |
| VELEDA HARVEY | BOARD MEMBER | 1 | $0 |
| DR CATHY LUST | BOARD MEMBER | 1 | $0 |
| COURTNEY TURNBULL | BOARD MEMBER | 1 | $0 |
| MARK WYLIE | BOARD MEMBER | 1 | $0 |
| MICHAEL CORNALE | ADMINISTRATOR | 1 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CATHY LUST | BOARD MEMBER | 1 | $0 |
| ELIZABETH FOX ANVICK | PRESIDENT | 1 | $0 |
| BRIGETTE GIBSON | BOARD MEMBER | 1 | $0 |
| VELEDA HARVEY | BOARD MEMBER | 1 | $0 |
| CHARLES IRWIN | VICE PRESIDENT | 1 | $0 |
| COURTNEY TURNBULL | BOARD MEMBER | 1 | $0 |
| MARK WYLIE | BOARD MEMBER | 1 | $0 |
| MICHAEL CORNALE | ADMINISTRATOR | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CATHY LUST | BOARD MEMBER | 1 | $0 |
| ELIZABETH FOX ANVICK | PRESIDENT | 1 | $0 |
| BRIGETTE GIBSON | BOARD MEMBER | 1 | $0 |
| VELEDA HARVEY | BOARD MEMBER | 1 | $0 |
| CHARLES IRWIN | VICE PRESIDENT | 1 | $0 |
| COURTNEY TURNBULL | BOARD MEMBER | 1 | $0 |
| MARK WYLIE | BOARD MEMBER | 1 | $0 |
| MICHAEL | ADMINISTRATOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 249, BLOOMINGTON, IL 61702-0249
- In care of
- % DAVID WOOD
- Mailing address (990-N for 2014)
- PO Box 249, Bloomington IL 61702
- Principal officer (990 for 2025)
- MICHAEL CORNALE, 300 E MONROE ST, BLOOMINGTON, IL 61701
- Principal officer (990-N for 2014)
- David Wood, PO Box 249, Bloomington IL 61702
- Signed the 990
- MICHAEL CORNALE, ADMINISTRATOR
- Phone
- (309) 827-6031
- Website
- www.district87.org
- Return prepared by
- PHILLIPS & ASSOCIATES CPAs PC
Mission
TO MAKE SCHOLARSHIP DISTRIBUTIONS FOR THE BENEFIT OF THE BLOOMINGTON PUBLIC SCHOOLS DISRICT 87 AND ITS STUDENTS IN MCLEAN COUNTY, ILLINOIS
Program accomplishments
- SCHOLARSHIPS TO SENIORS GRADUATING FROM BLOOMINGTON PUBLIC SCHOOL DISTRICT 87Expenses $70,818 · grants $56,262
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-1220258
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $3,044,646
- Income (IRS master file)
- $988,914
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $285,492 | $70,818 | $3,044,646 | IRS |
| 990 | December 2024 | $149,577 | $60,420 | $2,712,053 | IRS |
| 990 | December 2023 | $93,957 | $59,248 | $2,454,022 | XML |
| 990 | December 2022 | $369,537 | $71,435 | $2,154,628 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: David Wood | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 26-1220258).
Questions about BLOOMINGTON PUBLIC SCHOOLS DISTRICT 87 FOUNDATION INC
- What is the EIN of BLOOMINGTON PUBLIC SCHOOLS DISTRICT 87 FOUNDATION INC?
- The employer identification number (EIN) of BLOOMINGTON PUBLIC SCHOOLS DISTRICT 87 FOUNDATION INC is 26-1220258.
- Is BLOOMINGTON PUBLIC SCHOOLS DISTRICT 87 FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to BLOOMINGTON PUBLIC SCHOOLS DISTRICT 87 FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLOOMINGTON PUBLIC SCHOOLS DISTRICT 87 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 BLOOMINGTON PUBLIC SCHOOLS DISTRICT 87 FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLOOMINGTON PUBLIC SCHOOLS DISTRICT 87 FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BLOOMINGTON PUBLIC SCHOOLS DISTRICT 87 FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names MICHAEL CORNALE.
- Who are the officers and directors of BLOOMINGTON PUBLIC SCHOOLS DISTRICT 87 FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does BLOOMINGTON PUBLIC SCHOOLS DISTRICT 87 FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $285,492, expenses of $70,818 and total assets of $3,044,646 at year end.
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