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Nonprofit · EIN 37-1005211

GALESBURG DOWNTOWN COUNCIL

Tax-exempt · GALESBURG, IL 61401

Financials

$210K$128K2023$191K$134K2024$206K$151K2025
Revenue Expenses · by fiscal year end
Financials of GALESBURG DOWNTOWN COUNCIL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$205,819$150,565$55,254$402,331$0$402,331
December 31, 2024990$190,554$134,253$56,301$347,077$0$347,077
December 31, 2023990$209,570$128,259$81,311$291,267$0$291,267
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$204,560
Investment income
$1,259
Other revenue
$0

Expenses

Grants and similar amounts paid
$12,275
Other salaries and wages
$65,969
Salaries, compensation and benefits (total)
$73,126
Professional fundraising fees
$0
Accounting fees
$3,938
Occupancy
$7,500
Depreciation
$13,463

Balance sheet and other

Total assets, start of year
$347,077
Total assets, end of year
$402,331
Total liabilities, end of year
$0
Net assets, end of year
$402,331
Land, buildings and equipment
$33,677
Gross receipts
$205,819
Employees
2
Volunteers
16
Year formed
1973
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
GREG PETERSONTREASURER
Trustee or director, Officer
1$0
CARLA MARKWARTDIRECTOR
Trustee or director
0$0
ROBERT BONDIPRESIDENT
Trustee or director, Officer
1$0
STEVE GERSTENBERGERDIRECTOR
Trustee or director
0$0
JAY BULLISDIRECTOR
Trustee or director
0$0
LAURIE PLUNKDIRECTOR
Trustee or director
0$0
MIKE HOLLOWAYDIRECTOR
Trustee or director
0$0
THOMAS L IRONSSECRETARY
Trustee or director, Officer
3$0
SEAMUS REILLYDIRECTOR
Trustee or director
0$0
KATE BULLISDIRECTOR
Trustee or director
0$0
PHIL DICKINSONDIRECTOR
Trustee or director
0$0
JESSICA KETCHUMDIRECTOR
Trustee or director
0$0
JOE MANGIERI JRVICE PRESIDENT
Trustee or director, Officer
1$0
CHRISTOPHER C WILCOXDIRECTOR
Trustee or director
0$0
BRADLEY BERNARDIDIRECTOR
Trustee or director
0$0
1 more people on this return
NameTitleHours / weekCompensation
SHIRLEY CHUDIRECTOR
Trustee or director
0$0
990 for the year ended December 31, 2024: 13 people
NameTitleHours / weekCompensation
GREG PETERSONTREASURER
Trustee or director, Officer
1$0
CARLA MARKWARTDIRECTOR
Trustee or director
0$0
ROBERT BONDIVICE PRESIDENT
Trustee or director, Officer
1$0
STEVE GERSTENBERGERDIRECTOR
Trustee or director
0$0
JAY BULLISPRESIDENT
Trustee or director, Officer
1$0
LAURIE PLUNKDIRECTOR
Trustee or director
0$0
MIKE HOLLOWAYDIRECTOR
Trustee or director
0$0
THOMAS L IRONSSECRETARY
Trustee or director, Officer
1$0
SEAMUS REILLYDIRECTOR
Trustee or director
0$0
KATE BULLISDIRECTOR
Trustee or director
0$0
PHIL DICKINSONDIRECTOR
Trustee or director
0$0
JESSICA KETCHUMDIRECTOR
Trustee or director
0$0
JOE MANGIERI JRDIRECTOR
Trustee or director
0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
KATE BULLISDIRECTOR
Trustee or director
0$0
SEAMUS REILLYDIRECTOR
Trustee or director
0$0
MIKE HOLLOWAYDIRECTOR
Trustee or director
0$0
JOE MANGIERI JRDIRECTOR
Trustee or director
0$0
JESSICA KETCHUMDIRECTOR
Trustee or director
0$0
PHIL DICKINSONDIRECTOR
Trustee or director
0$0
STEVE GERSTENBERGERDIRECTOR
Trustee or director
0$0
CARLA MARKWARTDIRECTOR
Trustee or director
0$0
LAURIE PLUNKDIRECTOR
Trustee or director
0$0
GREG PETERSONTREASURER
Trustee or director, Officer
1$0
ROBERT BONDIVICE PRESIDENT
Trustee or director, Officer
1$0
JAY BULLISPRESIDENT
Trustee or director, Officer
1$0
THOMAS L IRONSSECRETARY
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
150 W MAIN ST, GALESBURG, IL 61401-4433
In care of
% THOMAS L IRONS
Signed the 990
THOMAS L IRONS, SECRETARY
Phone
(309) 342-5105
Return prepared by
Accounting Systems Inc

Mission

TO PRESERVE AND ENHANCE THE ECONOMIC VIABILITY AND AESTHETIC QUALITY OF DOWNTOWN GALESBURG

990 for the year ended December 31, 2025

Program accomplishments

  • TO HELP PROMOTE DOWNTOWN DEVELOPMENT, REDEVELOPMENT, AND BUSINESS STARTUP BY OFFERING FACADE GRANTS, AND STARTUP GRANTS TO NEW BUSINESSES. MAINTAIN COMMON PROPERTY WITHIN THE SPECIAL SERVICE AREA.
    Expenses $140,805 · grants $12,275 · revenue $204,560

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
37-1005211
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1976
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$402,331
Income (IRS master file)
$205,819

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$205,819$150,565$402,331XML
990December 2024$190,554$134,253$347,077IRS
990December 2023$209,570$128,259$291,267XML
990December 2022$157,052$195,364$209,956IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 37-1005211).

Questions about GALESBURG DOWNTOWN COUNCIL

What is the EIN of GALESBURG DOWNTOWN COUNCIL?
The employer identification number (EIN) of GALESBURG DOWNTOWN COUNCIL is 37-1005211.
Is GALESBURG DOWNTOWN COUNCIL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1976.
Are donations to GALESBURG DOWNTOWN COUNCIL tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does GALESBURG DOWNTOWN COUNCIL 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 GALESBURG DOWNTOWN COUNCIL 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 GALESBURG DOWNTOWN COUNCIL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who are the officers and directors of GALESBURG DOWNTOWN COUNCIL?
The 990 for the year ended December 31, 2025 lists 16 people; 0 received compensation from the organization.
How much revenue does GALESBURG DOWNTOWN COUNCIL have?
On its 990 for the year ended December 31, 2025 it reported revenue of $205,819, expenses of $150,565 and total assets of $402,331 at year end.

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