Nonprofit · EIN 37-6026254
CFM FOUNDATION
Also known as MERCANTILE BANK TRUST DEPARTMENT
Tax-exempt · QUINCY, IL 62301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $10,410,152 | $18,324,028 | -$7,913,876 | $115,214,013 | $9,658,722 | $105,555,291 |
| December 31, 2024 | 990 | $9,682,452 | $8,929,824 | $752,628 | $110,869,393 | $614,230 | $110,255,163 |
| December 31, 2023 | 990 | $4,206,013 | $3,677,567 | $528,446 | $108,558,700 | $608,449 | $107,950,251 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $10,410,152
- Net gain from sales of assets
- $7,672,364
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $17,338,702
- Other salaries and wages
- $75,820
- Salaries, compensation and benefits (total)
- $83,846
- Professional fundraising fees
- $0
- Legal fees
- $50,182
- Accounting fees
- $12,300
- Occupancy
- $4,800
- Program services (functional)
- $17,359,297
- Management and general (functional)
- $964,731
Balance sheet and other
- Total assets, start of year
- $110,869,393
- Total assets, end of year
- $115,214,013
- Total liabilities, end of year
- $9,658,722
- Net assets, end of year
- $105,555,291
- Publicly traded securities
- $112,807,764
- Net assets without donor restrictions
- $105,555,291
- Gross receipts
- $59,881,590
- Employees
- 3
- Year formed
- 1942
- 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 |
|---|---|---|---|
| ROBERT B BLACK | DIRECTOR Trustee or director | 0.25 | $0 |
| MICHAEL R HULSEN | DIRECTOR Trustee or director | 0.25 | $0 |
| JOHN G STEVENSON JR | DIRECTOR Trustee or director | 0.25 | $0 |
| DELMER R MITCHELL | DIRECTOR - P Trustee or director, Officer | 0.5 | $0 |
| HAROLD B OAKLEY | DIRECTOR - S Trustee or director, Officer | 0.5 | $0 |
| JACK R SHARKEY | DIRECTOR Trustee or director | 0.25 | $0 |
| BRYAN K STOKES | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT B BLACK | DIRECTOR Trustee or director | 0.25 | $0 |
| MICHAEL R HULSEN | DIRECTOR Trustee or director | 0.25 | $0 |
| JOHN G STEVENSON JR | DIRECTOR Trustee or director | 0.25 | $0 |
| DELMER R MITCHELL | DIRECTOR - P Trustee or director, Officer | 0.5 | $0 |
| HAROLD B OAKLEY | DIRECTOR - S Trustee or director, Officer | 0.5 | $0 |
| JACK R SHARKEY | DIRECTOR Trustee or director | 0.25 | $0 |
| BRYAN K STOKES | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT B BLACK | DIRECTOR Trustee or director | 0.25 | $0 |
| MICHAEL R HULSEN | DIRECTOR Trustee or director | 0.25 | $0 |
| JOHN G STEVENSON JR | DIRECTOR Trustee or director | 0.25 | $0 |
| DELMER R MITCHELL | DIRECTOR - P Trustee or director, Officer | 0.5 | $0 |
| HAROLD B OAKLEY | DIRECTOR - S Trustee or director, Officer | 0.5 | $0 |
| JACK R SHARKEY | DIRECTOR Trustee or director | 0.25 | $0 |
| BRYAN K STOKES | DIRECTOR Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 201 S 5TH STREET SUITE 301, QUINCY, IL 62301-3917
- In care of
- MERCANTILE BANK TRUST DEPARTMENT
- Principal officer (990 for 2025)
- DELMER R MITCHELL, 201 SOUTH 5TH STREET, SUITE 301, QUINCY, IL 62301
- Signed the 990
- DELMER R MITCHELL, DIRECTOR - PRESIDENT
- Phone
- (217) 222-8636
- Return prepared by
- GRAY HUNTER STENN LLP
Mission
PROVIDE GRANTS TO PUBLIC CHARITIES
Program accomplishments
- GRANTS PROVIDED TO PUBLIC CHARITIESExpenses $17,359,297 · grants $17,338,702
- GRANTS PROVIDED TO PUBLIC CHARITIES
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
IRS record
- EIN
- 37-6026254
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T700)
- Assets (IRS master file)
- $115,214,013
- Income (IRS master file)
- $59,881,590
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $10,410,152 | $18,324,028 | $115,214,013 | IRS |
| 990 | December 2024 | $9,682,452 | $8,929,824 | $110,869,393 | IRS |
| 990 | December 2023 | $4,206,013 | $3,677,567 | $108,558,700 | XML |
| 990 | March 2023 | $5,112,219 | $4,171,193 | $102,180,834 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 37-6026254).
Questions about CFM FOUNDATION
- What is the EIN of CFM FOUNDATION?
- The employer identification number (EIN) of CFM FOUNDATION is 37-6026254.
- Is CFM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to CFM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CFM FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CFM 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 CFM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CFM FOUNDATION?
- The 990 for the year ended December 31, 2025 names DELMER R MITCHELL.
- Who are the officers and directors of CFM FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does CFM FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $10,410,152, expenses of $18,324,028 and total assets of $115,214,013 at year end.
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