Nonprofit · EIN 83-2388251
CONE FAMILY CHARITABLE FOUNDATION
Tax-exempt · SHERRARD, IL 61281
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $50,778 | $23,250 | $27,528 | $291,831 | $0 | $291,831 |
| December 31, 2024 | 990-PF | $9,197 | $23,689 | -$14,492 | $264,303 | $0 | $264,303 |
| December 31, 2023 | 990-PF | $9,553 | $22,288 | -$12,735 | $278,795 | $0 | $278,795 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $9,205
- Net gain from sales of assets
- $41,573
Expenses
- Grants and similar amounts paid
- $18,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $18,000
- Excise tax on investment income
- $634
Balance sheet and other
- Total assets, start of year
- $264,303
- Total assets, end of year
- $291,831
- Total liabilities, end of year
- $0
- Net assets, end of year
- $291,831
- Fair market value of assets
- $366,022
- Qualifying distributions
- $18,000
- Net investment income
- $50,778
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 |
|---|---|---|---|
| CARREL SAGON 18115 63RD ST, SHERRARD, IL 61281 | DIRECTOR, PRESIDENT AND SE | 1 | $0 |
| KEVIN M SAGON 13300 VALLEY VIEW DRIVE, HOMER GLEN, IL 60491 | DIRECTOR AND VICE PRESIDEN | 1 | $0 |
| GREGORY T SAGON 1711 HERITAGE CT, KELLER, TX 76248 | DIRECTOR, VICE PRESIDENT, | 1 | $0 |
| LARRY ANDERSON 1333 13TH ST, EAST MOLINE, IL 61244 | DIRECTOR AND VICE PRESIDEN | 1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARREL SAGON 18115 63RD ST, SHERRARD, IL 61281 | DIRECTOR, PRESIDENT AND SE | 1 | $0 |
| KEVIN M SAGON 13300 VALLEY VIEW DRIVE, HOMER GLEN, IL 60491 | DIRECTOR AND VICE PRESIDEN | 1 | $0 |
| GREGORY T SAGON 1711 HERITAGE CT, KELLER, TX 76248 | DIRECTOR, VICE PRESIDENT, | 1 | $0 |
| LARRY ANDERSON 1333 13TH ST, EAST MOLINE, IL 61244 | DIRECTOR AND VICE PRESIDEN | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARREL SAGON 18115 63RD ST, SHERRARD, IL 61281 | DIRECTOR, PRESIDENT AND SE | 1 | $0 |
| KEVIN M SAGON 13300 VALLEY VIEW DRIVE, HOMER GLEN, IL 60491 | DIRECTOR AND VICE PRESIDEN | 1 | $0 |
| GREGORY T SAGON 1711 HERITAGE CT, KELLER, TX 76248 | DIRECTOR, VICE PRESIDENT, | 1 | $0 |
| LARRY ANDERSON 1333 13TH ST, EAST MOLINE, IL 61244 | DIRECTOR AND VICE PRESIDEN | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 18115 63RD ST, SHERRARD, IL 61281-8002
- Signed the 990-PF
- CARREL SAGON, DIRECTOR, PRESIDENT AND SECRET
- Phone
- (309) 236-2858
- Return prepared by
- CARPENTIER MITCHELL GODDARD & CO LLC
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
- 83-2388251
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $291,831
- Income (IRS master file)
- $176,941
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $50,778 | $23,250 | $291,831 | XML |
| 990-PF | December 2024 | $9,197 | $23,689 | $264,303 | IRS |
| 990-PF | December 2023 | $9,553 | $22,288 | $278,795 | 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 83-2388251).
Questions about CONE FAMILY CHARITABLE FOUNDATION
- What is the EIN of CONE FAMILY CHARITABLE FOUNDATION?
- The employer identification number (EIN) of CONE FAMILY CHARITABLE FOUNDATION is 83-2388251.
- Is CONE FAMILY CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to CONE FAMILY CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CONE FAMILY CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CONE FAMILY CHARITABLE FOUNDATION 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 CONE FAMILY CHARITABLE FOUNDATION 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 CONE FAMILY CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does CONE FAMILY CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $50,778, expenses of $23,250 and total assets of $291,831 at year end.
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All nonprofits in SHERRARD · Illinois · Philanthropy, voluntarism and grantmaking foundations