Nonprofit · EIN 37-1159944
GALESBURG COMMUNITY FOUNDATION
Tax-exempt · GALESBURG, IL 61401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $7,540,349 | $4,610,366 | $2,929,983 | $58,883,728 | $8,288,597 | $50,595,131 |
| December 31, 2024 | 990 | $5,772,670 | $5,197,599 | $575,071 | $50,345,572 | $5,422,010 | $44,923,562 |
| December 31, 2023 | 990 | $13,597,781 | $4,056,603 | $9,541,178 | $48,105,009 | $4,916,107 | $43,188,902 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,376,904
- Program service revenue
- $275,222
- Investment income
- $1,586,710
- Net rental income
- $134,799
- Net gain from sales of assets
- $463,315
- Net income from sales of inventory
- $150,264
- Other revenue
- $301,513
Expenses
- Grants and similar amounts paid
- $2,839,637
- Compensation of officers, directors and key employees
- $372,865
- Other salaries and wages
- $295,313
- Salaries, compensation and benefits (total)
- $850,997
- Professional fundraising fees
- $0
- Legal fees
- $56,062
- Occupancy
- $1,643
- Travel
- $18,222
- Depreciation
- $25,293
- Program services (functional)
- $3,551,219
- Management and general (functional)
- $809,359
- Fundraising (functional)
- $249,788
Balance sheet and other
- Total assets, start of year
- $50,345,572
- Total assets, end of year
- $58,883,728
- Total liabilities, end of year
- $8,288,597
- Net assets, end of year
- $50,595,131
- Land, buildings and equipment
- $10,906,834
- Publicly traded securities
- $39,259,587
- Net assets without donor restrictions
- $12,251,189
- Net assets with donor restrictions
- $38,343,942
- Gross receipts
- $7,774,987
- Employees
- 10
- Volunteers
- 24
- Year formed
- 1984
- 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 | Other / benefits |
|---|---|---|---|---|
| JOSHUA GIBB | CHIEF EXEC O Officer | 40 | $217,365 | $28,706 |
| SHAWN HEDDEN | DIRECTOR OF Officer | 40 | $116,769 | $10,025 |
| DAVID ERICKSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DR BRIAN PLATTNER | VICE CHAIRMA Trustee or director, Officer | 1 | $0 | $0 |
| CAROL SHAW | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JAMIE YEMM | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR JOHN MCCLEAN | PAST CHAIRMA Trustee or director, Officer | 1 | $0 | $0 |
| DUSTIN COURSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LISA GAVIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHAD LONG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AMY THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR ADAM WELTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSHUA GIBB | CHIEF EXECUTIVE OFFICER Officer | 40 | $177,970 | $26,345 |
| SHAWN HEDDEN | DIRECTOR OF FINANCE & OPERATIONS Officer | 40 | $105,008 | $14,680 |
| DR SUBBIA JAGANNATHAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CYNTHIA STOERZBACH | BOARD MEMEBER Trustee or director | 1 | $0 | $0 |
| DUSTIN COURSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMIE YEMM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHAD LONG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR ADAM WELTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAROL SHAW | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DR JOHN MCCLEAN | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DAVID ERICKSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| LISA GAVIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR BRIAN PLATTNER | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSHUA GIBB | CHIEF EXECUTIVE OFFICER Officer | 40 | $169,114 | $25,452 |
| SHAWN HEDDEN | DIRECTOR OF FINANCE & OPERATI Officer | 40 | $93,095 | $14,427 |
| DUSTIN COURSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMIE YEMM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR ADAM WELTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHAD LONG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CYNTHIA STOERZBACH | BOARD MEMEBER Trustee or director | 1 | $0 | $0 |
| DR SUBBIA JAGANNATHAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR JOHN MCCLEAN | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| CAROL SHAW | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LISA GAVIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAVID ERICKSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DR BRIAN PLATTNER | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 246 E MAIN ST STE 101, GALESBURG, IL 61401-4739
- In care of
- % JOSHUA GIBB
- Principal officer (990 for 2025)
- JOSHUA GIBB
- Signed the 990
- JOSHUA GIBB, CHIEF EXEC OFFICER
- Phone
- (309) 344-8898
- Website
- HTTPS://YOURGCF.ORG
- Return prepared by
- PHILLIPS SALMI & ASSOCIATES LLC
Mission
THE GALESBURG COMMUNITY FOUNDATION WORKS TO IMPROVE THE QUALITY AND HEALTH OF OUR COMMUNITIES. WE BELIEVE THAT CONNECTIING PEOPLE TO THE CAUSES THEY CARE ABOUR IS A KEY INGREDIENT TO EFFECTIVE PHILANTHROPY.
Program accomplishments
- PROVIDE COMPETITIVE GRANT MAKING TO NONPROFITS WHOSE PROGRAMS ENGAGE AND BETTER THE COMMUNITY THEY SERVE.Expenses $3,551,219 · grants $2,839,637
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
- 37-1159944
- 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
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $58,883,728
- Income (IRS master file)
- $7,774,987
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $7,540,349 | $4,610,366 | $58,883,728 | XML |
| 990 | December 2024 | $5,772,670 | $5,197,599 | $50,345,572 | IRS |
| 990 | December 2023 | $13,597,781 | $4,056,603 | $48,105,009 | XML |
| 990 | December 2022 | $4,442,595 | $4,118,553 | $38,367,792 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 37-1159944).
Questions about GALESBURG COMMUNITY FOUNDATION
- What is the EIN of GALESBURG COMMUNITY FOUNDATION?
- The employer identification number (EIN) of GALESBURG COMMUNITY FOUNDATION is 37-1159944.
- Is GALESBURG COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to GALESBURG COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GALESBURG COMMUNITY FOUNDATION 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 COMMUNITY FOUNDATION 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 COMMUNITY FOUNDATION 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 GALESBURG COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2025 names JOSHUA GIBB.
- Who are the officers and directors of GALESBURG COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 12 people; 2 received compensation from the organization, the highest $217,365 (JOSHUA GIBB, CHIEF EXEC O).
- How much revenue does GALESBURG COMMUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $7,540,349, expenses of $4,610,366 and total assets of $58,883,728 at year end.
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