23 Preservation Foundation
23 Preservation Foundation is a private foundation focused on Recreation & Sports, based in Fairbury, NE. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $719K in total assets. In 2025, it awarded 3 grants totaling $87K. Net investment income was $52K.
23 Preservation Foundation at a glance
In short: 23 Preservation Foundation gave $87K across 3 grants in 2025 (avg $29K), mostly in Nebraska. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $87,250
- +154.7% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $29,083
- +154.7% vs 2024
- Median grant
- $22,000
- Total assets
- $719,234
- -6.6% vs 2024
- Primary geography
- Nebraska (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who 23 Preservation Foundation funds
How this funder distributes its grants
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 27 grants of 28 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How 23 Preservation Foundation gives
- Giving grew 429% from 2022 to 2025. Method
- In 2025 it paid out 330% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $17K (2022) to $87K (2025). In 2025 it made 3 grants totaling $87K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 grants to individuals Recipients not named | — | $87,250 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $719,234 | $51,793 | $102,840 | $87,250 | 3 | $87,250 | $51,793 | $26,428 |
| 2024 | $770,281 | $23,641 | $49,267 | $34,250 | 3 | $34,250 | $23,541 | $26,299 |
| 2023 | $795,907 | $27,472 | $44,235 | $19,000 | 1 | $29,000 | $27,072 | $25,575 |
| 2022 | $812,670 | $36,679 | $32,023 | $16,500 | 1 | $16,500 | $34,205 | $28,432 |
| 2021 | $808,014 | $29,442 | $71,343 | $55,000 | 20 | — | $28,629 | $27,473 |
Under IRS private-foundation payout rules, 23 Preservation Foundation reported a distributable amount of $26K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
23 Preservation Foundation is led by Lila Thomas, President on every filing since 2021; none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lila Thomas
President
On filings since 2021
1 hr/week
No compensation reported
Jeff Meyer
Trustee
On filings since 2024
1 hr/week
No compensation reported
Mary Stepp
Trustee
On filings since 2024
1 hr/week
No compensation reported
Matt Edson
Trustee
On filings since 2024
1 hr/week
No compensation reported
Maxine Schoenrock
Trustee
On filings since 2024
1 hr/week
No compensation reported
Shirley Fox
Trustee
On filings since 2024
1 hr/week
No compensation reported
Jed Martin
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Jennipher Barber
Secretarytreasurer
Treasurer → Secretarytreasurer, 2024
On filings since 2021
1 hr/week
No compensation reported
Mary Kay Bedlan
Vice President
Secretary → Vice President, 2024
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Barry Schwab (2021–2023) — Vice President
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about 23 Preservation Foundation
How much does 23 Preservation Foundation give each year?
23 Preservation Foundation gave $87K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $34K across 3 grants.
What is 23 Preservation Foundation's typical grant size?
23 Preservation Foundation's median grant in 2025 was $22,000, and its average grant was $29,083, across 3 grants on its 2025 IRS Form 990-PF.
Where does 23 Preservation Foundation give grants?
23 Preservation Foundation gives mostly in Nebraska: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does 23 Preservation Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on 23 Preservation Foundation's 2025 IRS Form 990-PF were described as general or operating support.
How large is 23 Preservation Foundation?
23 Preservation Foundation reported $719K in total assets on its 2025 IRS Form 990-PF. It paid out $87K in qualifying distributions that year, against a required minimum of $26K (roughly 5% of its investment assets).
What is 23 Preservation Foundation?
23 Preservation Foundation is a private foundation focused on Recreation & Sports, based in Fairbury, NE. It holds $719K in total assets as of 2025.
What is 23 Preservation Foundation's EIN?
23 Preservation Foundation's EIN (Employer Identification Number) is 47-0800212. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 16, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 21, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 1, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 5, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS July 8, 2025)
- IRS filings on file for fiscal years 2021–2025
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