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Nonprofit · EIN 37-1206707

GEM CITY SCHOLARSHIP FOUNDATION

Tax-exempt · QUINCY, IL 62301

Financials

$200K$239K2023$81K$227K2024
Revenue Expenses · by fiscal year end
Financials of GEM CITY SCHOLARSHIP FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990-PF$80,915$226,931-$146,016$1,570,172$0$1,570,172
June 30, 2024990-PF$199,989$238,890-$38,901$1,652,678$0$1,652,678
Financial details: 990-PF for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$4,000
Dividends
$41,159
Interest
$13,096
Net gain from sales of assets
$22,660

Expenses

Grants and similar amounts paid
$198,680
Disbursements for charitable purposes
$208,170
Excise tax on investment income
$799

Balance sheet and other

Total assets, start of year
$1,652,678
Total assets, end of year
$1,570,172
Total liabilities, end of year
$0
Net assets, end of year
$1,570,172
Fair market value of assets
$1,570,172
Qualifying distributions
$208,170
Net investment income
$76,213

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
MICHAEL MAHAIR
1651 KENTUCKY, QUINCY, IL 62301
DIRECTOR/PRE2$0
CARL ADAMS
909 CYPRESS POINT, QUINCY, IL 62301
DIRECTOR/VP2$0
WILLIAM BROWN
2403 NORTH 24TH ST, QUINCY, IL 62305
DIRECTOR/TRE2$0
JANICE MILLER
3018 THERESA CT, QUINCY, IL 62305
DIRECTOR/SEC2$0
MARK CASSENS
506 VERMONT, QUINCY, IL 62301
DIRECTOR1$0
RUSSELL HAGENAH
4126 PAYSON ROAD, QUINCY, IL 62305
DIRECTOR1$0
RYAN HAGENAH
700 STATE STREET, QUINCY, IL 62301
DIRECTOR1$0
ROD COOKSON
1435 STATE STREET, QUINCY, IL 62301
DIRECTOR1$0
990-PF for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensation
MICHAEL MAHAIR
1651 KENTUCKY, QUINCY, IL 62301
DIRECTOR/PRE2$0
CARL ADAMS
909 CYPRESS POINT, QUINCY, IL 62301
DIRECTOR/VP2$0
WILLIAM BROWN
2403 NORTH 24TH ST, QUINCY, IL 62305
DIRECTOR/TRE2$0
JANICE MILLER
3018 THERESA CT, QUINCY, IL 62305
DIRECTOR/SEC2$0
MARK CASSENS
506 VERMONT, QUINCY, IL 62301
DIRECTOR1$0
RUSSELL HAGENAH
4126 PAYSON ROAD, QUINCY, IL 62305
DIRECTOR1$0
RYAN HAGENAH
700 STATE STREET, QUINCY, IL 62301
DIRECTOR1$0
ROD COOKSON
1435 STATE STREET, QUINCY, IL 62301
DIRECTOR1$0

Address and contacts

Address (IRS master file)
700 STATE ST, QUINCY, IL 62301-4949
In care of
% FLOYD W MARSHALL
Mailing address (990-N for 2013)
700 State Street, Quincy IL 62301
Principal officer (990-N for 2013)
Floyd Marshall, 700 State Street, Quincy IL 62301
Signed the 990-PF
MICHAEL MAHAIR, DIRECTOR/PRESIDENT
Phone
(217) 222-0391
Return prepared by
GRAY HUNTER STENN LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990-PF on file
2023June 30, 2024November 15, 2024990-PF on file

IRS record

EIN
37-1206707
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
1987
Accounting year ends
June
Files
Form 990-PF
Assets (IRS master file)
$1,570,172
Income (IRS master file)
$209,402

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFJune 2025$80,915$226,931$1,570,172XML
990-PFJune 2024$199,989$238,890$1,652,678XML
990-PFJune 2023–––IRS
990-PFJune 2022–––IRS
990-PFJune 2021–––IRS
990-PFJune 2019–––IRS
990-N for 2013
Officer: Floyd Marshall
June 30, 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 37-1206707).

Questions about GEM CITY SCHOLARSHIP FOUNDATION

What is the EIN of GEM CITY SCHOLARSHIP FOUNDATION?
The employer identification number (EIN) of GEM CITY SCHOLARSHIP FOUNDATION is 37-1206707.
Is GEM CITY SCHOLARSHIP FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
Are donations to GEM CITY SCHOLARSHIP FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does GEM CITY SCHOLARSHIP FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of GEM CITY SCHOLARSHIP FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GEM CITY SCHOLARSHIP FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended June 2025.
Who is the principal officer of GEM CITY SCHOLARSHIP FOUNDATION?
The 990-N for 2013 names Floyd Marshall.
Who are the officers and directors of GEM CITY SCHOLARSHIP FOUNDATION?
The 990-PF for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does GEM CITY SCHOLARSHIP FOUNDATION have?
On its 990-PF for the year ended June 30, 2025 it reported revenue of $80,915, expenses of $226,931 and total assets of $1,570,172 at year end.

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