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
Under IRS private-foundation payout rules, Illinois Business Education reported a distributable amount of $63K for 2025 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2025 grants, the largest include Matt Greenburg ($11,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MATT GREENBURG NORMAL, IL | SCHOLARSHIP | $11,000 |
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
Frequently Asked Questions
What is Illinois Business Education?
Illinois Business Education is a private foundation focused on Education, based in SHERMAN, IL. It holds $1.3M in total assets as of 2025.
How large is Illinois Business Education?
As of 2025, Illinois Business Education holds $1.3M in total assets with $129K in annual revenue. It awarded 1 grants totaling $11K in 2025.
Where does Illinois Business Education operate?
Illinois Business Education has awarded grants in Illinois.
What size grants does Illinois Business Education award?
In 2025, Illinois Business Education awarded 1 grants totaling $11K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Illinois Business Education required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Illinois Business Education reported a distributable amount of $63K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Illinois Business Education's EIN?
Illinois Business Education's EIN (Employer Identification Number) is 37-6057589. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Illinois Business Education's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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