Illinois Business Education is a private foundation focused on Education, based in SHERMAN, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 1 grants totaling $11K. Net investment income was $86K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.3M
+4.5% YoY
Annual Giving
$11K
-50.0% YoY
Grant Count
1
-85.7% YoY
Avg Grant Size
$11K
+250.0% YoY
About Illinois Business Education
Based on IRS filings
Illinois Business Education is a private foundation focused on Education, based in SHERMAN, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 1 grants totaling $11K. Net investment income was $86K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,344,945 | $1,286,783 | $1,204,169 |
| Revenue | $128,646 | $94,683 | $62,418 |
| Expenses | $73,445 | $80,551 | $91,345 |
| Qualifying Distributions | $60,526 | $61,804 | $88,444 |
| Net Investment Income | $86,307 | $50,470 | $31,871 |
| Distributable Amount | $63,450 | $60,107 | $57,590 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HEATHER BOROWIAK | PRESIDENT | 1 | — |
| ALLISON FERGUSON | PRES ELECT & | 1 | — |
| JAIME STOKES | SECRETARY | 1 | — |
| DARCY JEFFRIES | TREASURER | 5 | $300 |
| LACY BUGIELSKI | PAST PRESIDE | 1 | — |
| ELIZABETH TERPSTRA | CBEA | 1 | — |
| JON LEBOLD | EIBEA | 1 | — |
| JENNIFER WILLIAMS | MIBEA | 1 | — |
| APRIL SUTER | PABEA & MEMB | 1 | — |
| CHRISTI MCGEE | SIBEA | 1 | — |
| JODEE WERKHEISER | PUBLIC INFO | 1 | — |
| DAVID CALKINS | WEBMASTER | 5 | $300 |
| TORI HALE | REPORTS & NE | 1 | — |
| GARY HUTCHINSON | EXECUTIVE DI | 10 | $3,000 |
| ROD MCQUALITY | EXECUTIVE DI | 10 | $8,000 |
| CHRIS MERRILL | IACTEL | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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