Illinois Broadcasters Foundation Inc is a private foundation focused on Education, based in SPRINGFIELD, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6K in total assets. In 2024, it awarded 3 grants totaling $28K. Net investment income was $125.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6K
-48.9% YoY
Annual Giving
$28K
-70.8% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$9K
-70.8% YoY
Under IRS private-foundation payout rules, Illinois Broadcasters Foundation Inc reported a distributable amount of $709 for 2024 — the minimum it must pay out in qualifying distributions.
About Illinois Broadcasters Foundation Inc
Based on IRS filings
Illinois Broadcasters Foundation Inc is a private foundation focused on Education, based in SPRINGFIELD, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6K in total assets. In 2024, it awarded 3 grants totaling $28K. Net investment income was $125.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,592 | $10,945 | $4,668 |
| Revenue | $125 | $59,725 | $35,019 |
| Expenses | $77,711 | $95,115 | $76,460 |
| Qualifying Distributions | $27,700 | $95,000 | $75,750 |
| Net Investment Income | $125 | $135 | $19 |
| Distributable Amount | $709 | $531 | $678 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Broadcasters Foundation of America ($25,000), DePaul University ($1,500), Illinois Broadcasters Asc MIP ($1,200).
| Recipient | Purpose | Amount |
|---|---|---|
| Broadcasters Foundation of America New York, NY | Support Broadcasters in need through the Angel Initiative | $25,000 |
| Illinois Broadcasters Asc MIP Springfield, IL | Support the Capitol News Illinois Program and Camp Broadcast Program. | $1,200 |
| DePaul University Chicago, IL | Support the Conference Services Program | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| John Gehron | Chairman of the Board | 1 | — |
| Drew Horowitz | Secretary / Treasurer | 1 | — |
| Marilyn Kushak | Trustee | 1 | — |
| Bud Walters | Trustee | 1 | — |
| Dennis Lyle | President | 1 | — |
| Sarah Shellhammer | Trustee | 1 | — |
| Jerry Schnacke | Trustee | 1 | — |
| Steve Wheeler | Trustee | 1 | — |
| Dana Withers | Trustee | 1 | — |
| Marty Wilke | Trustee | 1 | — |
| Carlos Fernandez | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Illinois Broadcasters Foundation Inc?
Illinois Broadcasters Foundation Inc is a private foundation focused on Education, based in SPRINGFIELD, IL. It holds $6K in total assets as of 2024.
How large is Illinois Broadcasters Foundation Inc?
As of 2024, Illinois Broadcasters Foundation Inc holds $6K in total assets with $125 in annual revenue. It awarded 3 grants totaling $28K in 2024.
Where does Illinois Broadcasters Foundation Inc operate?
Illinois Broadcasters Foundation Inc has awarded grants in Illinois, New York.
What size grants does Illinois Broadcasters Foundation Inc award?
In 2024, Illinois Broadcasters Foundation Inc awarded 3 grants totaling $28K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Illinois Broadcasters Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Illinois Broadcasters Foundation Inc reported a distributable amount of $709 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Illinois Broadcasters Foundation Inc's EIN?
Illinois Broadcasters Foundation Inc's EIN (Employer Identification Number) is 20-4645330. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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