Nonprofit · EIN 88-1542187
MONTICELLO COMMUNITY FOUNDATION
Tax-exempt · MONTICELLO, IL 61856
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $24,273 | $1,858 | $22,415 | $647,275 | $0 | $647,275 |
| December 31, 2024 | 990 | $21,638 | $1,883 | $19,755 | $564,210 | $0 | $564,210 |
| December 31, 2023 | 990-EZ | $16,804 | $5,711 | $11,093 | $470,170 | – | $470,170 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $24,273
- Net gain from sales of assets
- $14,661
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $161
- Accounting fees
- $800
- Program services (functional)
- $1,858
Balance sheet and other
- Total assets, start of year
- $564,210
- Total assets, end of year
- $647,275
- Total liabilities, end of year
- $0
- Net assets, end of year
- $647,275
- Publicly traded securities
- $647,275
- Gross receipts
- $24,273
- Employees
- 0
- Year formed
- 2022
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL W ATWOOD | President Trustee or director | 1 | $0 |
| STEVE TENHOUSE | Trustee Trustee or director | 0 | $0 |
| WILLIAM F TRACY II | Vice President Trustee or director | 1 | $0 |
| BRENDA TIMMIONS | Trustee Trustee or director | 0 | $0 |
| GARY D HUISINGA | Treasurer Trustee or director | 1 | $0 |
| KENNEDY K HUTSON | Secretary Trustee or director | 1 | $0 |
| KELLY FINET | Trustee Trustee or director | 0 | $0 |
| ED EWALD | Trustee Trustee or director | 0 | $0 |
| KEVIN FEENEY | Trustee Trustee or director | 0 | $0 |
| LUKE FEENEY | Trustee Trustee or director | 0 | $0 |
| LARRY STEPHENS JR | Trustee Trustee or director | 0 | $0 |
| JOHN CORLEY | Trustee Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL W ATWOOD | President Trustee or director | 1 | $0 |
| STEVE TENHOUSE | Trustee Trustee or director | 0 | $0 |
| WILLIAM F TRACY II | Vice President Trustee or director | 1 | $0 |
| BRENDA TIMMIONS | Trustee Trustee or director | 0 | $0 |
| GARY D HUISINGA | Treasurer Trustee or director | 1 | $0 |
| KENNEDY K HUTSON | Secretary Trustee or director | 1 | $0 |
| KELLY FINET | Trustee Trustee or director | 0 | $0 |
| ED EWALD | Trustee Trustee or director | 0 | $0 |
| KEVIN FEENEY | Trustee Trustee or director | 0 | $0 |
| LUKE FEENEY | Trustee Trustee or director | 0 | $0 |
| LARRY STEPHENS JR | Trustee Trustee or director | 0 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN W CORLEY | Director | 1 | $0 |
| WILLIAM F TRACY II | Director | 1 | $0 |
| GARY D HUISINGA | Director | 1 | $0 |
| KENNEDY K HUTSON | Secretary | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 201 W MAIN ST, MONTICELLO, IL 61856-1860
- In care of
- % JOHN CORLEY
- Signed the 990
- MICHAEL W ATWOOD, President
- Phone
- (217) 762-9431
- Return prepared by
- HJERPE & TENNISON CPAS LLC
Mission
The Foundation is a philanthropic organization dedicated to helping Monticello thrive now and forever as a vibrant community. The foundation builds, connects, and distributes resources and knowledge through local organizations for the common good. Together, we build endowments or current and future opportunities; foster private philanthropy; focus the impact of collective giving; find solutions to community challenges; and allocate grants.
Program accomplishments
- GRANTS FOR CHARITABLE PURPOSESExpenses $1,858
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-1542187
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $647,275
- Income (IRS master file)
- $24,273
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $24,273 | $1,858 | $647,275 | IRS |
| 990 | December 2024 | $21,638 | $1,883 | $564,210 | XML |
| 990-EZ | December 2023 | $16,804 | $5,711 | $470,170 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-1542187).
Questions about MONTICELLO COMMUNITY FOUNDATION
- What is the EIN of MONTICELLO COMMUNITY FOUNDATION?
- The employer identification number (EIN) of MONTICELLO COMMUNITY FOUNDATION is 88-1542187.
- Is MONTICELLO COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MONTICELLO COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTICELLO COMMUNITY FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MONTICELLO COMMUNITY 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 MONTICELLO COMMUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of MONTICELLO COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does MONTICELLO COMMUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $24,273, expenses of $1,858 and total assets of $647,275 at year end.
Other nonprofits in MONTICELLO
- GEORGE SOHRT TRUST EIN 37-6122163 · last filed 990-PF for 2025
- DALE R FULTON CHARITABLE TR EIN 35-7227296 · last filed 990 for 2025
- ARTHUR CHAPTER 427 ORDER OF EASTERN STAR OF ILLINOIS EIN 37-1349728 · last filed 990-PF for 2025
- MONTICELLO ROTARY CLUB FOUNDATION EIN 81-4673835 · last filed 990-N for 2025
- KIRBY MEDICAL CENTER EIN 37-0661215 · last filed 990 for 2025
- TATMAN VILLAGE INC EIN 37-1075972 · last filed 990 for 2025
- MONTICELLO RAILWAY MUSEUM INC EIN 37-6059760 · last filed 990 for 2024
- WILLOW TREE MISSIONS EIN 61-1512762 · last filed 990 for 2025
All nonprofits in MONTICELLO · Illinois · Philanthropy, voluntarism and grantmaking foundations