Iroquois Federal Foundation Inc

WATSEKA, IL EIN: 45-2255196

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

-14.5% YoY

Avg Grant Size

$3K

-19.1% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Illinois $849K (96%)

Missouri $31K (3%)

Indiana $4K (0%)

Idaho $250 (0%)

States

Florida Idaho Illinois Indiana Kentucky Missouri

Cities

ASHKUMBEAVERVILLEBOURBONNAISBRADLEYCAMDENTONCHAMPAIGNCHATHAMCHICAGOCISSNA PARKCLIFTONDAMDENTONDANVILLEGEORGETOWNGILMANHOOPESTONINDIANPOLISIROQUOISKANKAKEELAKELANDLOUISVILLE

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2024 grants, the largest include Danville Foundation for Industrial ($12,000), Balloons Over Vermilion ($10,000), Don Moyer Boys & Girls Club ($10,000).

Recipient	Purpose	Amount
ACS COACHES VS CANCER CHICAGO, IL	RAISE FUNDS FOR CANCER	$1,000
BALLOONS OVER VERMILION DANVILLE, IL	FESTIVAL OF TREES/EVENT	$10,000
BOYS AND GIRLS CLUB OF DANVILLE DANVILLE, IL	EDUCATION PROGRAMS FOR YOUTH	$2,500
CAMDENTON R-EDUCATION FOUNDATION CAMDENTON, MO	BUDDY PACK PROGRAM	$1,000
CHAMPAIGN CO CASA URBANA, IL	CHILD ABUSE PREVENTION	$500
CHAMPAIGN URBANA BALLET CHAMPAIGN, IL	TICKETS FOR FAMILIES PROGRAM	$1,000
CHM BIBLE THEATRE PRODUCTIONS CHAMPAIGN, IL	YOUTH PROGRAM	$500
CISSNA PARK AREA FOOD PANTRY CISSNA PARK, IL	PURCHASE FOOD	$500
CLIFTON COMMUNITY FOOD PANTRY CLIFTON, IL	FOOD PANTRY ITEMS	$500
COMMUNITY ARTS COUNCIL OF KANKAKEE KANKAKEE, IL	SUPPORTS ARTS	$1,000

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

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Iroquois Federal Foundation Inc fund?

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

How do I apply for a grant from Iroquois Federal Foundation Inc?

The foundation requires a complete grant application that includes information on the amount requested, purpose, and the area that will be served. Recent grant activity includes a $2,500 grant to Iroquois Mental Health Center for psychiatric services (2024).

Where does Iroquois Federal Foundation Inc make 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

What size grants does Iroquois Federal Foundation Inc award?

In 2024, Iroquois Federal Foundation Inc awarded 65 grants totaling $163K — an average of about $3K per grant, based on its IRS Form 990 filings.

What is Iroquois Federal Foundation Inc's EIN?

Iroquois Federal Foundation Inc's EIN (Employer Identification Number) is 45-2255196. IRS Form 990 filing data is available on this page for 2020–2024.