Nonprofit · EIN 37-6288240
GEORGE E & PEARL PALLING SCHOLARSHIP TR 1019
Tax-exempt · GALESBURG, IL 61401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $17,966 | $20,366 | -$2,400 | $322,043 | $0 | $322,043 |
| December 31, 2024 | 990-PF | $62,781 | $29,911 | $32,870 | $324,443 | $0 | $324,443 |
| December 31, 2023 | 990-PF | $10,290 | $22,444 | -$12,154 | $291,492 | $0 | $291,492 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $9,697
- Interest
- $419
- Net gain from sales of assets
- $7,850
Expenses
- Grants and similar amounts paid
- $12,663
- Compensation of officers, directors and key employees
- $4,565
- Disbursements for charitable purposes
- $17,275
- Excise tax on investment income
- $207
Balance sheet and other
- Total assets, start of year
- $324,443
- Total assets, end of year
- $322,043
- Total liabilities, end of year
- $0
- Net assets, end of year
- $322,043
- Fair market value of assets
- $351,203
- Qualifying distributions
- $17,275
- Net investment income
- $17,966
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 |
|---|---|---|---|
| CBI BANK TRUST 21 E MAIN ST, GALESBURG, IL 61402 | Trustee | 1 | $3,966 |
| JOHN HATTERY 21 E MAIN STREET, GALESBURG, IL 61402 | Trustee | 1 | $600 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WELLS FARGO 100 N MAIN ST FL 5 D4001-052, WINSTON SALEM, NC 27101 | Trustee | 1 | $2,642 |
| FM BANK 21 E MAIN ST, GALESBURG, IL 61402 | Trustee | 1 | $869 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WELLS FARGO BANK N A 100 N MAIN ST FL 5D4001-052, WINSTONSALEM, NC 27101 | TRUSTEE | 1 | $5,163 |
| JOHN J HATTERY 100 N Main St FL 5D4001-052, WINSTON SALEM, NC 27101 | CO-TRUSTEE | 1 | $600 |
Address and contacts
- Address (IRS master file)
- 21 E MAIN ST, GALESBURG, IL 61401-4525
- In care of
- % WELLS FARGO BANK NA
- Signed the 990-PF
- CBI BANK TRUST, Trustee
- Phone
- (309) 344-2451
- Return prepared by
- Gordon Stockman & Waugh PC
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
- 37-6288240
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $322,043
- Income (IRS master file)
- $117,776
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $17,966 | $20,366 | $322,043 | IRS |
| 990-PF | December 2024 | $62,781 | $29,911 | $324,443 | IRS |
| 990-PF | December 2023 | $10,290 | $22,444 | $291,492 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 37-6288240).
Questions about GEORGE E & PEARL PALLING SCHOLARSHIP TR 1019
- What is the EIN of GEORGE E & PEARL PALLING SCHOLARSHIP TR 1019?
- The employer identification number (EIN) of GEORGE E & PEARL PALLING SCHOLARSHIP TR 1019 is 37-6288240.
- Is GEORGE E & PEARL PALLING SCHOLARSHIP TR 1019 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to GEORGE E & PEARL PALLING SCHOLARSHIP TR 1019 tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GEORGE E & PEARL PALLING SCHOLARSHIP TR 1019 file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GEORGE E & PEARL PALLING SCHOLARSHIP TR 1019 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 GEORGE E & PEARL PALLING SCHOLARSHIP TR 1019 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 GEORGE E & PEARL PALLING SCHOLARSHIP TR 1019?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 2 received compensation from the organization, the highest $3,966 (CBI BANK TRUST, Trustee).
- How much revenue does GEORGE E & PEARL PALLING SCHOLARSHIP TR 1019 have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $17,966, expenses of $20,366 and total assets of $322,043 at year end.
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