First Mid Bancshares Inc

MATTOON, IL EIN: 37-1339718

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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$610K

+40.1% YoY

Annual Giving

$437K

-29.7% YoY

Grant Count

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $1.5M (85%)

Missouri $260K (15%)

States

Illinois Missouri

Cities

ArcolaArthurAshlandCharlestonChicagoEdwardsvilleEffinghamMattoonSt LouisSullivanToledo

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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 include Mattoon Sports Complex Inc ($250,000), Eastern Illinois University Foundation ($50,000), Youth and Family Center ($50,000).

Recipient	Purpose	Amount
ARCOLA FOUNDATION PALACE FUND ARCOLA, IL	UNRESTRICTED GIFT	$7,500
EASTERN ILLINOIS UNIVERSITY FOUNDATION CHARLESTON, IL	UNRESTRICTED GIFT	$50,000
MATTOON SPORTS COMPLEX INC MATTOON, IL	UNRESTRICTED GIFT	$250,000
WOODSTOCK INSTITUTE CHICAGO, IL	UNRESTRICTED GIFT	$5,000
ST JOHNS CHURCH & SCHOOL MATTOON, IL	UNRESTRICTED GIFT	$8,333
BUILD MO HEALTH ST LOUIS, MO	UNRESTRICTED GIFT	$15,000
SUMPTER TOWNSHIP PARK FUND TOLEDO, IL	UNRESTRICTED GIFT	$15,000
YOUTH AND FAMILY CENTER ST LOUIS, MO	UNRESTRICTED GIFT	$50,000
URBAN LEAGUE OF METROPOLITAN ST LOUIS ST LOUIS, MO	UNRESTRICTED GIFT	$15,000
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.