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Nonprofit · EIN 27-6370909

WAVERLY C WORKMAN TEST TR

Tax-exempt · CHAMPAIGN, IL 61824

Financials

$331K$355K2023$1.1M$353K2024$240K$935K2025
Revenue Expenses · by fiscal year end
Financials of WAVERLY C WORKMAN TEST TR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$239,805$934,630-$694,825$7,636,362$0$7,636,362
December 31, 2024990$1,085,917$352,826$733,091$8,331,185$0$8,331,185
December 31, 2023990$331,419$355,475-$24,056$7,598,592$0$7,598,592
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$93,436
Net rental income
$146,369
Net gain from sales of assets
$39,034
Other revenue
$146,369

Expenses

Grants and similar amounts paid
$913,002
Compensation of officers, directors and key employees
$20,678
Salaries, compensation and benefits (total)
$20,678
Professional fundraising fees
$0
Accounting fees
$950
Program services (functional)
$913,002
Management and general (functional)
$21,628

Balance sheet and other

Total assets, start of year
$8,331,185
Total assets, end of year
$7,636,362
Total liabilities, end of year
$0
Net assets, end of year
$7,636,362
Land, buildings and equipment
$6,697,032
Publicly traded securities
$921,086
Gross receipts
$1,114,199
Employees
0
Year formed
2010
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.

NameTitleHours / weekCompensation
BUSEY BANKTRUSTEE
Institutional trustee
–$0
990 for the year ended December 31, 2024: 1 people
NameTitleHours / weekCompensation
BUSEY BANKTRUSTEE
Institutional trustee
–$10,306
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
BUSEY BANKTRUSTEE
Institutional trustee
–$1,000

Address and contacts

Address (IRS master file)
PO BOX 260, CHAMPAIGN, IL 61824-0260
In care of
% BUSEY TRUST COMPANY TTEE
Principal officer (990 for 2025)
SHONDRA LYNCH, 201 W MAIN ST, URBANA, IL 61801
Signed the 990
BUSEY BANK, Trustee
Phone
(217) 365-4800

Mission

TRUST ESTABLISHED UNDER THE TERMS OF THE WILL OF WAVERLY C. WORKMAN. ACCORDING TO THE PROVISIONS IN THE WILL, THE TRUSTEE WILL LEASE AND MANAGE THE FARM LAND REAL ESTATE. THE TRUSTEE SHALL DISTRIBUTE THE NET INCOME ANNUALLY FROM SAID FARM LAND AFTER NECESSARY EXPENSES AND INCLUDING A REASONABLE RESERVE FUND FOR THE NEXT CROP YEAR, 1/3 EACH TO THE FOLLOWING NON-PROFIT ORGANIZATIONS:1) ILLINOIS CHURCHES IN ACTION, 2)ILLINOIS GREAT RIVERS ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH. CONFERENCE BOARD OF GLOBAL MINISTRIES AND 3)CONFERENCE BOARD OF ORDAINED MINISTRY, WHICH SHALL DISTRIBTE SAID FUNDS AS SCHOLARSHIPS OR GRANTS FOR ILLIOIS MINISTERIAL STUDENTS TO ATTEND METHODIST/WESLEYAN SEMINARIES.

990 for the year ended December 31, 2025

Program accomplishments

  • ILLINOIS CHURCHES IN ACTION
    Expenses $304,334 · grants $304,334
  • ILLINOIS GREAT RIVERS/UNITED METHODIST/GLOBAL MIINISTRIES
    Expenses $304,334 · grants $304,334
  • ILLINOIS GREAT RIVERS/UNITED METHODIST/ORDAINED MINISTRY
    Expenses $304,334 · grants $304,334

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-6370909
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,636,362
Income (IRS master file)
$1,114,199

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$239,805$934,630$7,636,362IRS
990December 2024$1,085,917$352,826$8,331,185IRS
990December 2023$331,419$355,475$7,598,592XML
990December 2022–––IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 27-6370909).

Questions about WAVERLY C WORKMAN TEST TR

What is the EIN of WAVERLY C WORKMAN TEST TR?
The employer identification number (EIN) of WAVERLY C WORKMAN TEST TR is 27-6370909.
Is WAVERLY C WORKMAN TEST TR tax-exempt?
Yes. The IRS lists it as tax-exempt.
Which annual return does WAVERLY C WORKMAN TEST TR 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 WAVERLY C WORKMAN TEST TR 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 WAVERLY C WORKMAN TEST TR 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 WAVERLY C WORKMAN TEST TR?
The 990 for the year ended December 31, 2025 names SHONDRA LYNCH.
Who are the officers and directors of WAVERLY C WORKMAN TEST TR?
The 990 for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
How much revenue does WAVERLY C WORKMAN TEST TR have?
On its 990 for the year ended December 31, 2025 it reported revenue of $239,805, expenses of $934,630 and total assets of $7,636,362 at year end.

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