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Nonprofit · EIN 37-6029269

CENTRALIA FOUNDATION

Also known as 525 TRUST MERCANTILE BANK

Tax-exempt · CENTRALIA, IL 62801

Financials

$1.9M$2.2M2022$2.3M$2.2M2023$2.7M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of CENTRALIA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,718,037$2,339,321$378,716$38,401,765$733,964$37,667,801
December 31, 2023990 (amended)$2,254,261$2,198,958$55,303$37,214,936$0$37,214,936
December 31, 2022990 (amended)$1,851,241$2,240,062-$388,821$34,591,615$0$34,591,615
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$362,157
Program service revenue
$333,139
Investment income
$2,006,231
Net gain from sales of assets
$688,822
Other revenue
$16,510

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$30,000
Salaries, compensation and benefits (total)
$926,637
Professional fundraising fees
$0
Legal fees
$6,987
Accounting fees
$18,050
Occupancy
$296,578
Depreciation
$286,768
Program services (functional)
$2,016,500
Management and general (functional)
$322,821

Balance sheet and other

Total assets, start of year
$37,214,936
Total assets, end of year
$38,401,765
Total liabilities, end of year
$733,964
Net assets, end of year
$37,667,801
Land, buildings and equipment
$5,255,370
Publicly traded securities
$30,986,932
Net assets without donor restrictions
$4,013,540
Net assets with donor restrictions
$33,654,261
Gross receipts
$9,903,780
Employees
88
Year formed
1943
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
JAKE JUNGHANELMANAGER
Officer
0$85,000
NINA BUCHELESECRETARY
Officer
0$30,000
ALEN OWENTRUSTEE
Trustee or director
0$0
DAN RAMEYVICE CHAIRMAN
Trustee or director, Officer
0$0
DAVID AGEECHAIRMAN
Trustee or director, Officer
0$0
STEVE SHORESTRUSTEE
Trustee or director
0$0
JIM RUETERTRUSTEE
Trustee or director
0$0
KALA LAMBERTTRUSTEE
Trustee or director
0$0
JOHN PERRINETRUSTEE
Trustee or director
0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
NINA BUCHELESECRETARY
Officer
0$30,100
JIM RUETERTRUSTEE
Trustee or director
0$0
TOM ASHBYTRUSTEE
Trustee or director
0$0
JOHN PERRINETRUSTEE
Trustee or director
0$0
ALEN OWENTRUSTEE
Trustee or director
0$0
DAN RAMEYVICE CHAIRMAN
Trustee or director, Officer
0$0
DAVID AGEECHAIRMAN
Trustee or director, Officer
0$0
990 for the year ended December 31, 2022: 8 people
NameTitleHours / weekCompensation
JIM RUETERTRUSTEE
Trustee or director
0$0
TENA HOYTTRUSTEE
Trustee or director
0$0
DAN RAMEYTRUSTEE
Trustee or director
0$0
ALEN OWENTRUSTEE
Trustee or director
0$0
TOM ASHBYTRUSTEE
Trustee or director
0$0
WILLIAM SPREHECHAIRMAN
Trustee or director, Officer
0$0
DAVID AGEEVICE CHAIRMAN
Trustee or director, Officer
0$0
NINA BUCHELESECRETARY
Officer
0$0

Address and contacts

Address (IRS master file)
115 E 2ND ST, CENTRALIA, IL 62801-3503
In care of
% NINA BUCHELE
Signed the 990
NINA BUCHELE, SECRETARY
Phone
(618) 532-7424
Return prepared by
GLASS & SHUFFETT LTD

Mission

PROVIDE CULTURAL, EDUCATIONAL, AND RECRATIONAL SERVICES TO THE CENTRALIA, ILLINOIS AREA.

990 for the year ended December 31, 2024

Program accomplishments

  • OPERATION OF RECREATION COMPLEX FOR GREATER CENTRALIA AREA. SERVES COMMUNITY POPULATION OF 20,000 PLUS.
    Expenses $1,104,819 · revenue $683,923
  • PROVIDE CULTURAL, EDUCATIONAL, AND RECREATIONAL SERVICES TO THE CENTRALIA, ILLINOIS AREA
    Expenses $623,228
  • FOUNDATION PARK SYSTEM - APPROXIMATELY 300 ACRES OF NATURAL PARK LANDS MAINTAINED FOR ALL CITIZENS LIVING IN AND VISITING THE CENTRALIA AREA.
    Expenses $176,217
  • CARILLON BELL TOWER AND PARK PROVIDES RECITALS AND PERFORMANCES. SERVICES COMMUNITY POPULATION OF 20,000 PLUS TOURISTS
    Expenses $112,236

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
37-6029269
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
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$38,401,765
Income (IRS master file)
$9,903,780

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,718,037$2,339,321$38,401,765XML
990December 2023$2,254,261$2,198,958$37,214,936XML
990December 2022$1,851,241$2,240,062$34,591,615XML
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 37-6029269).

Questions about CENTRALIA FOUNDATION

What is the EIN of CENTRALIA FOUNDATION?
The employer identification number (EIN) of CENTRALIA FOUNDATION is 37-6029269.
Is CENTRALIA FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to CENTRALIA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CENTRALIA 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 CENTRALIA FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CENTRALIA FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of CENTRALIA FOUNDATION?
The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $85,000 (JAKE JUNGHANEL, MANAGER).
How much revenue does CENTRALIA FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,718,037, expenses of $2,339,321 and total assets of $38,401,765 at year end.

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