Nonprofit · EIN 35-6034211
1ST SOURCE BANK FOUNDATION INC
Tax-exempt · SOUTH BEND, IN 46634
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $3,800,064 | $2,488,250 | $1,311,814 | $36,533,907 | $0 | $36,533,907 |
| December 31, 2024 | 990-PF | $3,921,568 | $2,277,199 | $1,644,369 | $35,235,229 | $0 | $35,235,229 |
| December 31, 2023 | 990-PF | $2,976,578 | $2,291,798 | $684,780 | $33,597,071 | $0 | $33,597,071 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,000,000
- Dividends
- $1,113,443
- Net gain from sales of assets
- $1,686,621
Expenses
- Grants and similar amounts paid
- $2,209,262
- Compensation of officers, directors and key employees
- $185,235
- Disbursements for charitable purposes
- $2,209,262
- Excise tax on investment income
- $36,487
Balance sheet and other
- Total assets, start of year
- $35,235,229
- Total assets, end of year
- $36,533,907
- Total liabilities, end of year
- $0
- Net assets, end of year
- $36,533,907
- Fair market value of assets
- $54,350,937
- Qualifying distributions
- $2,209,262
- Net investment income
- $2,800,064
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| 1st Source Bank 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | AGENT | 0 | $172,735 |
| Isaac Torres 17675 Saint Patricks Ct, Granger, IN 46530 | Board Member | 0 | $5,000 |
| Todd Schurz 2707 McCullough StAusti, Austin, TX 78703 | Board Member | 0 | $5,000 |
| John Affleck-Graves 906 Pine Valley ln, Cincinnati, OH 45245 | Board Member | 0 | $2,500 |
| CHRISTOPHER J MURPHY III 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | PRESIDENT | 0 | $0 |
| ANDREA SHORT 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | VICE PRESIDENT | 0 | $0 |
| KEVIN MURPHY 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | TREASURER | 0 | $0 |
| Ron Zeltwanger 100 N Michigan St, South Bend, IN 46601 | Board Member | 0 | $0 |
| Ann Rathburn-Lacopo 100 N Michigan St, South Bend, IN 46601 | Secretary | 0 | $0 |
990-PF for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| 1st Source Bank 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | AGENT/TRUSTEE | 0 | $162,956 |
| John Affleck-Graves 906 Pine Valley ln, Cincinnati, OH 45245 | Board Member | 0 | $5,000 |
| Todd Schurz 2707 McCullough StAusti, Austin, TX 78703 | Board Member | 0 | $5,000 |
| CHRISTOPHER J MURPHY III 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | PRESIDENT | 0 | $0 |
| ANDREA SHORT 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | VICE PRESIDENT | 0 | $0 |
| KEVIN MURPHY 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | TREASURER | 0 | $0 |
| ANN RATHBURN-LACOPO 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | SECRETARY | 0 | $0 |
| Isaac Torres 17675 Saint Patricks Ct, Granger, IN 46530 | Board Member | 0 | $0 |
| Ron Zeltwanger 100 N Michigan St, South Bend, IN 46601 | Board Member | 0 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| 1st Source Bank 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | AGENT/TRUSTEE | 0 | $144,230 |
| John Affleck-Graves 906 Pine Valley ln, Cincinnati, OH 45245 | Board Member | 0 | $5,000 |
| Isaac Torres 17675 Saint Patricks Ct, Granger, IN 46530 | Board Member | 0 | $5,000 |
| Todd Schurz 2707 McCullough StAusti, Austin, TX 78703 | Board Member | 0 | $5,000 |
| CHRISTOPHER J MURPHY III 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | PRESIDENT | 0 | $0 |
| ANDREA SHORT 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | VICE PRESIDENT | 0 | $0 |
| KEVIN MURPHY 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | TREASURER | 0 | $0 |
| ANN RATHBURN-LACOPO 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | SECRETARY | 0 | $0 |
| Ron Zeltwanger 100 N Michigan St, South Bend, IN 46601 | Board Member | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1602, SOUTH BEND, IN 46634-1602
- In care of
- % FIRST SOURCE BANK
- Signed the 990-PF
- PAMELA STEARNS, Vice President
- Phone
- (574) 235-2952
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 35-6034211
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1954
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $36,533,907
- Income (IRS master file)
- $11,942,277
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $3,800,064 | $2,488,250 | $36,533,907 | IRS |
| 990-PF | December 2024 | $3,921,568 | $2,277,199 | $35,235,229 | XML |
| 990-PF | December 2023 | $2,976,578 | $2,291,798 | $33,597,071 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about 1ST SOURCE BANK FOUNDATION INC
- What is the EIN of 1ST SOURCE BANK FOUNDATION INC?
- The employer identification number (EIN) of 1ST SOURCE BANK FOUNDATION INC is 35-6034211.
- Is 1ST SOURCE BANK FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1954.
- Are donations to 1ST SOURCE BANK FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does 1ST SOURCE BANK FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of 1ST SOURCE BANK 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 1ST SOURCE BANK FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of 1ST SOURCE BANK FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 9 people; 4 received compensation from the organization, the highest $172,735 (1st Source Bank, AGENT).
- How much revenue does 1ST SOURCE BANK FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $3,800,064, expenses of $2,488,250 and total assets of $36,533,907 at year end.
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