Iroquois Federal Foundation Inc is a private grantmaking foundation based in Watseka, Illinois. The organization is designated as a 501(c)(3) nonprofit and has been tax-exempt since January 2013. The foundation operates as a company-sponsored foundation that provides philanthropic support to charitable and community service organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$163K
-30.8% YoY
Grant Count
65
-14.5% YoY
Avg Grant Size
$3K
-19.1% YoY
Mission & Focus Areas
The foundation supports organizations involved with:
- Education
- Health
- Affordable housing (including programs that provide affordable or low-income housing and support community reinvestment initiatives)
- Human services
- Youth programs
- Community improvement
Grantmaking
The foundation requires a complete grant application that includes information on the amount requested, purpose, and the area that will be served.
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Geographic Focus
Where this funder awards grants
The Iroquois Federal Foundation supports nonprofit organizations in the communities served by the sponsoring bank, including:
- Bourbonnais, Illinois
- Champaign, Illinois
- Clifton, Illinois
- Danville, Illinois
- Hoopeston, Illinois
- Savoy, Illinois
- Watseka, Illinois
- Osage Beach, Missouri
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $4,818,410
- Total Giving: $162,695
- Revenue: $1,560,000
- Expenses: $169,000
- Total Liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board members and officers include:
- Walter H Hasselbring III (President)
- Pamela Verkler (VP/Treasurer)
- Beth Warren (Secretary)
- Alan Martin (Director)
- Gary Martin (Director)
- Frank Simutis (Director, Emeritus)
- Thomas Chamberlain (Director)
- James D Anderson (Director)
Contact: Rhonda Pence at 815-432-2476 or rpence@iroquoisfed.com
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALAN MARTIN | DIRECTOR | — | — |
| PAMELA VERKLER | VP/TREASURER | — | — |
| ASHTYN BARRETT | SECRETARY | — | — |
| GARY MARTIN | DIRECTOR | — | — |
| FRANK SIMUTIS | DIRECTOR EME | — | — |
| THOMAS CHAMBERLAIN | DIRECTOR | — | — |
| WALTER H HASSELBRING III | PRESIDENT | — | — |
| JAMES D ANDERSON | DIRECTOR | — | — |
Contact Information
Address: 201 E Cherry Street, Watseka, IL 60970-1661
Phone: 815-432-2476
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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