Nonprofit · EIN 37-6224584
MARGARET BLOOM TRUST
Tax-exempt · CHAMPAIGN, IL 61824
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| January 31, 2026 | 990 | $2,144,329 | $711,318 | $1,433,011 | $10,769,819 | $22,330 | $10,747,489 |
| January 31, 2025 | 990 | $772,552 | $683,036 | $89,516 | $9,311,679 | $0 | $9,311,679 |
| January 31, 2024 | 990 | $1,196,141 | $666,329 | $529,812 | $9,224,565 | $0 | $9,224,565 |
Financial details: 990 for the year ended January 31, 2026
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $2,069,975
- Net rental income
- $74,354
- Net gain from sales of assets
- $1,646,315
- Other revenue
- $74,354
Expenses
- Grants and similar amounts paid
- $569,873
- Compensation of officers, directors and key employees
- $129,818
- Salaries, compensation and benefits (total)
- $129,818
- Professional fundraising fees
- $0
- Accounting fees
- $1,145
- Depreciation
- $1,000
- Program services (functional)
- $579,355
- Management and general (functional)
- $130,963
Balance sheet and other
- Total assets, start of year
- $9,311,679
- Total assets, end of year
- $10,769,819
- Total liabilities, end of year
- $22,330
- Net assets, end of year
- $10,747,489
- Land, buildings and equipment
- $1,143,847
- Publicly traded securities
- $9,495,666
- Gross receipts
- $3,995,896
- Employees
- 0
- Year formed
- 1983
- 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 January 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BUSEY BANK | TRUSTEE Institutional trustee | – | $121,818 |
990 for the year ended January 31, 2025: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BUSEY BANK | TRUSTEE Institutional trustee | – | $122,030 |
990 for the year ended January 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BUSEY BANK | TRUSTEE Institutional trustee | – | $108,975 |
Address and contacts
- Address (IRS master file)
- PO BOX 260, CHAMPAIGN, IL 61824-0260
- In care of
- % BUSEY TRUST COMPANY TRUSTEE
- Principal officer (990 for 2025)
- KAREN WALKER, 201 W MAIN ST, URBANA, IL 61801
- Signed the 990
- BUSEY BANK, Trustee
- Phone
- (217) 365-4800
Mission
THE ORGANIZATION IS A CHARITABLE TRUST THAT WAS CREATED UNDER THE WILL OF MARGARET BLOOM WHOSE DATE OF DEATH WAS SEPTEMBER 29, 1981. THE TRUST PROVIDES THAT THE ASSETS OF THE TRUST ARE TO BE HELD IN TRUST BY THE TRUSTEE FOR THE USE AND BENEFIT OF THE UNIVERSITY OF ILLINOIS FOUNDATION IN PROVIDING SCHOLARSHIPS AT THE UNIVERSITY OF ILLINOIS, URBANA, ILLINOIS. DISTRIBUTIONS FROM THE TRUST ARE TO BE USED SOLELY FOR THE EDUCATION AND MAINTENANCE OF STUDENTS AT THE UNIVERSITY OF ILLINOIS WHO MEET CERTAIN CONDITIONS PROVIDED FOR THEIR COLLEGE EDUCATION.
Program accomplishments
- UNIVERSITY OF ILLINOIS FOUNDATIONExpenses $569,873 · grants $569,873
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 January, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | January 31, 2026 | June 15, 2026 | 990 on file |
| 2024 | January 31, 2025 | June 16, 2025 | 990 on file |
| 2023 | January 31, 2024 | June 17, 2024 | 990 on file |
IRS record
- EIN
- 37-6224584
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III non-functionally integrated
- Donations deductible (Pub 78)
- Non-functionally integrated Type III supporting organization
- Exempt since
- 2011
- Accounting year ends
- January
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B114)
- Assets (IRS master file)
- $10,769,819
- Income (IRS master file)
- $3,995,896
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | January 2026 | $2,144,329 | $711,318 | $10,769,819 | IRS |
| 990 | January 2025 | $772,552 | $683,036 | $9,311,679 | XML |
| 990 | January 2024 | $1,196,141 | $666,329 | $9,224,565 | XML |
| 990 | January 2023 | $381,435 | $643,289 | $8,695,582 | IRS |
| 990 | January 2022 | – | – | – | IRS |
| 990 | January 2021 | – | – | – | IRS |
| 990 | January 2020 | – | – | – | IRS |
| 990 | January 2019 | – | – | – | 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 37-6224584).
Questions about MARGARET BLOOM TRUST
- What is the EIN of MARGARET BLOOM TRUST?
- The employer identification number (EIN) of MARGARET BLOOM TRUST is 37-6224584.
- Is MARGARET BLOOM TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to MARGARET BLOOM TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Non-functionally integrated Type III supporting organization).
- Which annual return does MARGARET BLOOM TRUST 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 MARGARET BLOOM TRUST due?
- The return for tax year 2026 (the year ending January 31, 2027) is due June 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARGARET BLOOM TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended January 2026.
- Who is the principal officer of MARGARET BLOOM TRUST?
- The 990 for the year ended January 31, 2026 names KAREN WALKER.
- Who are the officers and directors of MARGARET BLOOM TRUST?
- The 990 for the year ended January 31, 2026 lists 1 person; 1 received compensation from the organization, the highest $121,818 (BUSEY BANK, TRUSTEE).
- How much revenue does MARGARET BLOOM TRUST have?
- On its 990 for the year ended January 31, 2026 it reported revenue of $2,144,329, expenses of $711,318 and total assets of $10,769,819 at year end.
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- COUNTRYSIDE SCHOOL OF CHAMPAIGN- URBANA INC EIN 37-1296174 · last filed 990 for 2025
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