First Mid Bancshares Inc
First Mid Bancshares Inc is a private foundation, based in MATTOON, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $610K in total assets. In 2024, it awarded 11 grants totaling $437K. Net investment income was $26K.
Key facts about First Mid Bancshares Inc
- EIN
- 37-1339718
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $437,333
- Grants made (2024)
- 11
- Average grant
- $39,758
- Median grant
- $15,000
- Total assets
- $610,046
- Primary geography
- Illinois (82% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who First Mid Bancshares Inc funds
By grant dollars, the top recipient states for First Mid Bancshares Inc's 11 itemized 2024 grants were Illinois (82%) and Missouri (18%). The most frequent recipient cities were Mattoon, IL (3 grants) and St Louis, MO (3 grants). 100% of grants with a stated purpose were for general or operating support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$610K
+40.1% YoY
Annual Giving
$437K
-29.7% YoY
Grant Count
11
+37.5% YoY
Avg Grant Size
$40K
-48.9% YoY
Under IRS private-foundation payout rules, First Mid Bancshares Inc reported a distributable amount of $39K for 2024 — the minimum it must pay out in qualifying distributions.
About First Mid Bancshares Inc
Based on IRS filings
First Mid Bancshares Inc is a private foundation, based in MATTOON, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $610K in total assets. In 2024, it awarded 11 grants totaling $437K. Net investment income was $26K.
Ready to take the next step with First Mid Bancshares Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 11 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $610,046 | $435,528 | $1,086,823 |
| Revenue | $626,613 | $-17,465 | $918,620 |
| Expenses | $452,095 | $633,830 | $198,178 |
| Qualifying Distributions | $441,959 | $626,247 | $189,172 |
| Net Investment Income | $26,371 | $14,200 | $40,095 |
| Distributable Amount | $38,587 | $27,732 | $43,646 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
34 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Mattoon Sports Complex Inc ($250,000), Eastern Illinois University Foundation ($50,000), Youth and Family Center ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MATTOON SPORTS COMPLEX INC MATTOON, IL | UNRESTRICTED GIFT | $250,000 |
| EASTERN ILLINOIS UNIVERSITY FOUNDATION CHARLESTON, IL | UNRESTRICTED GIFT | $50,000 |
| YOUTH AND FAMILY CENTER ST LOUIS, MO | UNRESTRICTED GIFT | $50,000 |
| BUILD MO HEALTH ST LOUIS, MO | UNRESTRICTED GIFT | $15,000 |
| SUMPTER TOWNSHIP PARK FUND TOLEDO, IL | UNRESTRICTED GIFT | $15,000 |
| URBAN LEAGUE OF METROPOLITAN ST LOUIS ST LOUIS, MO | UNRESTRICTED GIFT | $15,000 |
| LITTLE THEATRE ON THE SQUARE SULLIVAN, IL | UNRESTRICTED GIFT | $15,000 |
| ST JOHNS CHURCH & SCHOOL MATTOON, IL | UNRESTRICTED GIFT | $8,333 |
| ARCOLA FOUNDATION PALACE FUND ARCOLA, IL | UNRESTRICTED GIFT | $7,500 |
| MATTOON HIGH SCHOOL MATTOON, IL | UNRESTRICTED GIFT | $6,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FIRST MID WEALTH MANAGEMENT COMPANY | TRUSTEE | 1 | $12,093 |
Frequently Asked Questions
How large is First Mid Bancshares Inc?
As of 2024, First Mid Bancshares Inc holds $610K in total assets with $627K in annual revenue. It awarded 11 grants totaling $437K in 2024.
Where does First Mid Bancshares Inc operate?
First Mid Bancshares Inc has awarded grants in Illinois, Missouri.
What size grants does First Mid Bancshares Inc award?
In 2024, First Mid Bancshares Inc awarded 11 grants totaling $437K — an average of about $40K per grant, based on its IRS Form 990 filings.
How much is First Mid Bancshares Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, First Mid Bancshares Inc reported a distributable amount of $39K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is First Mid Bancshares Inc's EIN?
First Mid Bancshares Inc's EIN (Employer Identification Number) is 37-1339718. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in First Mid Bancshares Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.