Nonprofit · EIN 37-1361103
C B A I FOUNDATION FOR COMMUNITY BANKING
Tax-exempt · SPRINGFIELD, IL 62703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $97,030 | $127,393 | -$30,363 | $1,330,283 | $19,154 | $1,311,129 |
| June 30, 2024 | 990 | $71,701 | $128,417 | -$56,716 | $1,289,874 | $25,000 | $1,264,874 |
| June 30, 2023 | 990 | $77,823 | $131,543 | -$53,720 | $1,263,975 | $17,059 | $1,246,916 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $55,842
- Program service revenue
- $0
- Investment income
- $34,023
- Net gain from sales of assets
- $20,994
- Other revenue
- $7,165
Expenses
- Grants and similar amounts paid
- $37,494
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,800
- Travel
- $178
- Program services (functional)
- $57,516
- Management and general (functional)
- $34,639
- Fundraising (functional)
- $35,238
Balance sheet and other
- Total assets, start of year
- $1,289,874
- Total assets, end of year
- $1,330,283
- Total liabilities, end of year
- $19,154
- Net assets, end of year
- $1,311,129
- Net assets without donor restrictions
- $1,311,129
- Gross receipts
- $97,030
- Employees
- 0
- Volunteers
- 30
- Year formed
- 1996
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY THIEDE | CHAIRWOMAN Trustee or director, Officer | 1 | $0 |
| KATIE ASHWORTH | VICE CHAIRWOMAN Trustee or director, Officer | 1 | $0 |
| KRAIG LOUNSBERRY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| COLE STENZEL | DIRECTOR Trustee or director | 1 | $0 |
| JIM WEAST | DIRECTOR Trustee or director | 1 | $0 |
| MARY JO HOMAN | DIRECTOR Trustee or director | 1 | $0 |
| TRAVIS CLEM | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL GILL | DIRECTOR Trustee or director | 1 | $0 |
| STEVE WILL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY THIEDE | CHAIRWOMAN Trustee or director, Officer | 1 | $0 |
| KATIE ASHWORTH | VICE CHAIRWOMAN Trustee or director, Officer | 1 | $0 |
| KRAIG LOUNSBERRY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DELAINA ZELLERS | DIRECTOR Trustee or director | 1 | $0 |
| JIM WEAST | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN T DAY | DIRECTOR Trustee or director | 1 | $0 |
| TRAVIS CLEM | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIM MCKEE | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| AMY THIEDE | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| KRAIG LOUNSBERRY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TRACY DOWNS | TREASURER Trustee or director, Officer | 1 | $0 |
| JASON SEMPLE | SECRETARY Trustee or director, Officer | 1 | $0 |
| DAN GRAHAM | DIRECTOR Trustee or director | 1 | $0 |
| JIM WEAST | DIRECTOR Trustee or director | 1 | $0 |
| ERIK SCHELLING | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| KATIE ASHWORTH | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 901 COMMUNITY DR, SPRINGFIELD, IL 62703-5170
- Principal officer (990 for 2024)
- KRAIG LOUNSBERRY, 901 COMMUNITY DRIVE, SPRINGFIELD, IL 627035184
- Signed the 990
- KRAIG LOUNSBERRY, PRESIDENT
- Phone
- (217) 529-2265
- Return prepared by
- ECK SCHAFER & PUNKE LLP
Mission
WE SERVE THE PUBLIC BY PROVIDING EDUCATIONAL SCHOLARSHIPS TO GRADUATING ILLINOIS HIGH SCHOOL SENIORS.
Program accomplishments
- THE FOUNDATION PROVIDED SCHOLARSHIPS FOR HIGHER EDUCATION TO SELECTED HIGH SCHOOL SENIORS.Expenses $57,516 · grants $37,494
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 37-1361103
- 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
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $1,330,283
- Income (IRS master file)
- $97,030
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $97,030 | $127,393 | $1,330,283 | XML |
| 990 | June 2024 | $71,701 | $128,417 | $1,289,874 | IRS |
| 990 | June 2023 | $77,823 | $131,543 | $1,263,975 | XML |
| 990 | June 2022 | $83,054 | $123,321 | $1,260,344 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 37-1361103).
Questions about C B A I FOUNDATION FOR COMMUNITY BANKING
- What is the EIN of C B A I FOUNDATION FOR COMMUNITY BANKING?
- The employer identification number (EIN) of C B A I FOUNDATION FOR COMMUNITY BANKING is 37-1361103.
- Is C B A I FOUNDATION FOR COMMUNITY BANKING tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to C B A I FOUNDATION FOR COMMUNITY BANKING tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does C B A I FOUNDATION FOR COMMUNITY BANKING 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 C B A I FOUNDATION FOR COMMUNITY BANKING 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 C B A I FOUNDATION FOR COMMUNITY BANKING last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of C B A I FOUNDATION FOR COMMUNITY BANKING?
- The 990 for the year ended June 30, 2025 names KRAIG LOUNSBERRY.
- Who are the officers and directors of C B A I FOUNDATION FOR COMMUNITY BANKING?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does C B A I FOUNDATION FOR COMMUNITY BANKING have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $97,030, expenses of $127,393 and total assets of $1,330,283 at year end.
Other nonprofits in SPRINGFIELD
- HOPE SCHOOL EIN 37-0768616 · last filed 990 for 2025
- ILLINOIS MASONIC CHARITIES FUND EIN 37-0911165 · last filed 990 for 2025
- BALL CHARTER SCHOOLS AN ILLINOIS NON-PROFIT CORPORATION EIN 36-4223571 · last filed 990-N for 2024
- ILLINOIS INSTITUTE FOR CONTINUING LEGAL EDUCATION EIN 23-7003600 · last filed 990 for 2024
- ILLINOIS BAR FOUNDATION EIN 37-0810222 · last filed 990 for 2025
- ILLINOIS BANKERS EDUCATION SERVICES INC EIN 36-4271815 · last filed 990 for 2024
- ENERGY EDUCATION COUNCIL EIN 20-3670252 · last filed 990 for 2025
- HOPE SCHOOL FOUNDATION EIN 37-1385176 · last filed 990 for 2025