Nonprofit · EIN 37-6245457
REYNOLDS-BARWICK SCHOLARSHIP FUND
Tax-exempt · WATSEKA, IL 60970
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,508,854 | $266,932 | $1,241,922 | $6,093,827 | $0 | $6,093,827 |
| December 31, 2024 | 990-PF | $116,457 | $233,590 | -$117,133 | $5,249,663 | $0 | $5,249,663 |
| December 31, 2023 | 990-PF | $145,714 | $234,145 | -$88,431 | $4,486,832 | $0 | $4,486,832 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $39,991
- Interest
- $15,412
- Net gain from sales of assets
- $1,453,451
Expenses
- Grants and similar amounts paid
- $234,000
- Compensation of officers, directors and key employees
- $23,909
- Disbursements for charitable purposes
- $234,000
- Excise tax on investment income
- $770
Balance sheet and other
- Total assets, start of year
- $5,249,663
- Total assets, end of year
- $6,093,827
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,093,827
- Fair market value of assets
- $5,815,370
- Qualifying distributions
- $285,637
- Net investment income
- $55,403
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST TRUST BANK 120 E WALNUT, WATSEKA, IL 60970 | FARM MANAGER | 15 | $15,704 |
| FIRST TRUST BANK 120 E WALNUT ST, WATSEKA, IL 60970 | TRUSTEE | 12 | $8,205 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST TRUST BANK 120 E WALNUT, WATSEKA, IL 60970 | FARM MANAGER | 15 | $18,759 |
| FIRST TRUST BANK 120 E WALNUT ST, WATSEKA, IL 60970 | TRUSTEE | 12 | $8,566 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST TRUST BANK 120 E WALNUT, WATSEKA, IL 60970 | FARM MANAGER | 15 | $20,069 |
| FIRST TRUST BANK 120 E WALNUT ST, WATSEKA, IL 60970 | TRUSTEE | 12 | $5,991 |
Address and contacts
- Address (IRS master file)
- PO BOX 160, WATSEKA, IL 60970-0160
- In care of
- % FIRST TRUST AND SAVINGS BANK
- Signed the 990-PF
- Felice Waters, Trustee
- Phone
- (815) 432-2494
- Return prepared by
- RAZZANO LAW OFFICES
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 37-6245457
- 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
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $6,093,827
- Income (IRS master file)
- $1,845,403
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,508,854 | $266,932 | $6,093,827 | IRS |
| 990-PF | December 2024 | $116,457 | $233,590 | $5,249,663 | XML |
| 990-PF | December 2023 | $145,714 | $234,145 | $4,486,832 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 37-6245457).
Questions about REYNOLDS-BARWICK SCHOLARSHIP FUND
- What is the EIN of REYNOLDS-BARWICK SCHOLARSHIP FUND?
- The employer identification number (EIN) of REYNOLDS-BARWICK SCHOLARSHIP FUND is 37-6245457.
- Is REYNOLDS-BARWICK SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to REYNOLDS-BARWICK SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does REYNOLDS-BARWICK SCHOLARSHIP FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of REYNOLDS-BARWICK SCHOLARSHIP FUND 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 REYNOLDS-BARWICK SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of REYNOLDS-BARWICK SCHOLARSHIP FUND?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 2 received compensation from the organization, the highest $15,704 (FIRST TRUST BANK, FARM MANAGER).
- How much revenue does REYNOLDS-BARWICK SCHOLARSHIP FUND have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,508,854, expenses of $266,932 and total assets of $6,093,827 at year end.
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