First Mid Illinois Bank And Trust Trust No 93 111
- Assets
- $0.0
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Mattoon, IL
- Founding
- 01/1994
- Data as of
- 07/2021
- EIN
- 37-6314454
Organization Overview
First Mid Illinois Bank And Trust Trust No 93 111 is located in Mattoon, IL. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Mid Illinois Bank And Trust Trust No 93 111 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2021, First Mid Illinois Bank And Trust Trust No 93 111 generated $2.8m in total revenue. All expenses for the organization totaled $3.7m during the year ending 07/2021. While expenses have increased by 276.9% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF REMAINING ASSETS TO THE SOUTHEASTERN IL COMMUNITY FOUNDATION DUE TO THE TERMINATION OF THE ENTITY
CONTRIBUTIONS TO ORGANIZATIONS AND SCHOLARSHIPS MADE TO STUDENTS AS LISTED IN PART XV
ADMINISTRATIVE EXPENSES RELATED TO ADMINISTRATION OF SCHOLARSHIPS: TRUSTEE FEE: 2,801 ANNUAL ACCOUNTING AND TAX PREPARATION FEE: 2,925 SCHOLARSHIP APPLICATION FEE: 102
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39 |
| Dividends & Interest | $0 |
| Net Rental Income | $107,301 |
| Net Gain on Sale of Assets | $2,619,242 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,334 |
| Total Revenue | $2,800,524 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,004 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $16,823 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67,710 |
| Total operating and administrative expenses | $103,052 |
| Contributions, gifts, grants paid | $3,605,858 |
| Total expenses and disbursements | $3,708,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, First Mid Illinois Bank And Trust Trust No 93 111 has awarded $3,605,858 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP RECIPIENTS PURPOSE: SCHOLARSHIPS | $66,334 |
SOUTHEASTERN IL COMMUNITY FOUNDATIO PURPOSE: SCHOLARSHIP PROGRAM | $3,427,000 |
SOUTHEASTERN IL COMMUNITY FOUNDATIO PURPOSE: SCHOLARSHIP PROGRAM | $100,000 |
SOUTHEASTERN IL COMMUNITY FOUNDATIO PURPOSE: SCHOLARSHIP PROGRAM | $12,524 |