Nonprofit · EIN 35-6034211
1ST SOURCE BANK FOUNDATION INC
Tax-exempt · SOUTH BEND, IN 46634
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $3,800,064 | $2,488,250 | $1,311,814 | $36,533,907 | $0 | $36,533,907 |
| December 31, 2024 | 990-PF | $3,921,568 | $2,277,199 | $1,644,369 | $35,235,229 | $0 | $35,235,229 |
| December 31, 2023 | 990-PF | $2,976,578 | $2,291,798 | $684,780 | $33,597,071 | $0 | $33,597,071 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,000,000
- Dividends
- $1,113,443
- Net gain from sales of assets
- $1,686,621
Expenses
- Grants and similar amounts paid
- $2,209,262
- Compensation of officers, directors and key employees
- $185,235
- Disbursements for charitable purposes
- $2,209,262
- Excise tax on investment income
- $36,487
Balance sheet and other
- Total assets, start of year
- $35,235,229
- Total assets, end of year
- $36,533,907
- Total liabilities, end of year
- $0
- Net assets, end of year
- $36,533,907
- Fair market value of assets
- $54,350,937
- Qualifying distributions
- $2,209,262
- Net investment income
- $2,800,064
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 |
|---|---|---|---|
| 1st Source Bank 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | AGENT | 0 | $172,735 |
| Isaac Torres 17675 Saint Patricks Ct, Granger, IN 46530 | Board Member | 0 | $5,000 |
| Todd Schurz 2707 McCullough StAusti, Austin, TX 78703 | Board Member | 0 | $5,000 |
| John Affleck-Graves 906 Pine Valley ln, Cincinnati, OH 45245 | Board Member | 0 | $2,500 |
| CHRISTOPHER J MURPHY III 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | PRESIDENT | 0 | $0 |
| ANDREA SHORT 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | VICE PRESIDENT | 0 | $0 |
| KEVIN MURPHY 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | TREASURER | 0 | $0 |
| Ron Zeltwanger 100 N Michigan St, South Bend, IN 46601 | Board Member | 0 | $0 |
| Ann Rathburn-Lacopo 100 N Michigan St, South Bend, IN 46601 | Secretary | 0 | $0 |
990-PF for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| 1st Source Bank 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | AGENT/TRUSTEE | 0 | $162,956 |
| John Affleck-Graves 906 Pine Valley ln, Cincinnati, OH 45245 | Board Member | 0 | $5,000 |
| Todd Schurz 2707 McCullough StAusti, Austin, TX 78703 | Board Member | 0 | $5,000 |
| CHRISTOPHER J MURPHY III 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | PRESIDENT | 0 | $0 |
| ANDREA SHORT 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | VICE PRESIDENT | 0 | $0 |
| KEVIN MURPHY 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | TREASURER | 0 | $0 |
| ANN RATHBURN-LACOPO 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | SECRETARY | 0 | $0 |
| Isaac Torres 17675 Saint Patricks Ct, Granger, IN 46530 | Board Member | 0 | $0 |
| Ron Zeltwanger 100 N Michigan St, South Bend, IN 46601 | Board Member | 0 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| 1st Source Bank 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | AGENT/TRUSTEE | 0 | $144,230 |
| John Affleck-Graves 906 Pine Valley ln, Cincinnati, OH 45245 | Board Member | 0 | $5,000 |
| Isaac Torres 17675 Saint Patricks Ct, Granger, IN 46530 | Board Member | 0 | $5,000 |
| Todd Schurz 2707 McCullough StAusti, Austin, TX 78703 | Board Member | 0 | $5,000 |
| CHRISTOPHER J MURPHY III 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | PRESIDENT | 0 | $0 |
| ANDREA SHORT 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | VICE PRESIDENT | 0 | $0 |
| KEVIN MURPHY 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | TREASURER | 0 | $0 |
| ANN RATHBURN-LACOPO 100 N MICHIGAN ST, SOUTH BEND, IN 46601 | SECRETARY | 0 | $0 |
| Ron Zeltwanger 100 N Michigan St, South Bend, IN 46601 | Board Member | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1602, SOUTH BEND, IN 46634-1602
- In care of
- % FIRST SOURCE BANK
- Signed the 990-PF
- PAMELA STEARNS, Vice President
- Phone
- (574) 235-2952
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
- 35-6034211
- 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
- 1954
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $36,533,907
- Income (IRS master file)
- $11,942,277
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $3,800,064 | $2,488,250 | $36,533,907 | IRS |
| 990-PF | December 2024 | $3,921,568 | $2,277,199 | $35,235,229 | XML |
| 990-PF | December 2023 | $2,976,578 | $2,291,798 | $33,597,071 | 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 35-6034211).
Questions about 1ST SOURCE BANK FOUNDATION INC
- What is the EIN of 1ST SOURCE BANK FOUNDATION INC?
- The employer identification number (EIN) of 1ST SOURCE BANK FOUNDATION INC is 35-6034211.
- Is 1ST SOURCE BANK FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1954.
- Are donations to 1ST SOURCE BANK FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does 1ST SOURCE BANK FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of 1ST SOURCE BANK FOUNDATION INC 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 1ST SOURCE BANK FOUNDATION INC 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 1ST SOURCE BANK FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 9 people; 4 received compensation from the organization, the highest $172,735 (1st Source Bank, AGENT).
- How much revenue does 1ST SOURCE BANK FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $3,800,064, expenses of $2,488,250 and total assets of $36,533,907 at year end.
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