Iroquois Federal Foundation Inc
Iroquois Federal Foundation Inc is a private foundation based in Watseka, Illinois. It states that its direct charitable activity is to provide support to charitable and community service organizations.
Key facts about Iroquois Federal Foundation Inc
In short: Iroquois Federal Foundation Inc gave $263K across 83 grants in 2025 (avg $3K), mostly in Illinois. 17% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 45-2255196
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $263,250
- Grants made (2025)
- 83
- Average grant
- $3,172
- Median grant
- $1,000
- New grantees (estimate)
- 17% first-time grantees (14 of 82, 2025)
- Total assets
- $5,355,344
- Primary geography
- Illinois (96% of itemized 2025 grant dollars)
- How to apply
- A complete grant application is required, including the amount requested, purpose, and area to be served, along with tax-exempt documentation. Full details ↓
- Deadline
- March 31 and September 30; grants are awarded semiannually as needed.
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$5.4M
+11.1% YoY
Annual Giving
$263K
+61.8% YoY
Grant Count
83
+27.7% YoY
Avg Grant Size
$3K
+26.7% YoY
Under IRS private-foundation payout rules, Iroquois Federal Foundation Inc reported a distributable amount of $250K for 2025 — the minimum it must pay out in qualifying distributions.
Is Iroquois Federal Foundation Inc open to new grantees?
17%
first-time grantees, 2025
In 2025, 14 of 82 grantees (17%) were first-time recipients. First grants averaged $875; repeat grants $4K. How we count
Medians: $500 first-time, $2K repeat.
- 57% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+3%). Method
- In 2025 it paid out 105% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s filing describes its activity as supporting charitable and community service organizations. Its 2025 grants include support for healthcare, economic development, youth programs, education, emergency shelter, and community events. These examples describe the kinds of work supported by recipients, rather than a stated list of foundation focus areas.
Among its grantees, Iroquois Memorial Hospital says it is committed to providing quality healthcare services in a convenient, caring environment. Don Moyer Boys & Girls Club says it provides youth programming in a nurturing environment, while Crisis Nursery describes its work as preventing child abuse and neglect through emergency childcare and family support. Danville Foundation for Industrial describes its mission as economic development in the Vermilion County area.
Grantmaking
In 2025, the foundation made 83 grants totaling $263,250. Grant amounts ranged from $250 to $55,000, with a median of $1,000. Its largest listed grants included $55,000 to Iroquois Memorial Hospital for equipment and a rehab facility; $14,750 to The Arc of Iroquois County for computer upgrades; and $12,000 to Danville Foundation for Industrial for business retention and growth. Other notable awards were $11,000 to Riverside Healthcare Foundation to sponsor a heart-ball fundraiser, and $10,000 each to Balloons Over Vermilion, Don Moyer Boys & Girls Club, Schlarman Academy, United Way of Danville Area, and United Way of Kankakee & Iroquois County.
Review Cycle
March 31 and September 30; grants are awarded semiannually as needed.
How to Apply
A complete grant application is required, including the amount requested, purpose, and area to be served, along with tax-exempt documentation. Requests over $1,000 must also include the project need and budget, and an audit or the most recent financial information. The filing states that there are two award categories: one for $200 to $1,000 and another for awards over $1,000.
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Geographic Focus
Where this funder awards grants
In 2025, 96% of grant dollars went to recipients in Illinois, 3% to Missouri, and 1% to Idaho. Listed Illinois recipients include organizations in Watseka, Danville, Kankakee, Champaign, Urbana, and Cissna Park.
Grant Distribution by State
Share of 2025 grant dollars across all 83 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $163K (2024) to $263K (2020). In 2025 it made 83 grants totaling $263K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Iroquois Memorial Hospital ($55K). Together the top 10 received $150K.
Grant Size Distribution
353 grants across all recorded years
The most common grant size was under $50K: 352 grants of 353 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Iroquois Memorial Hospital Watseka, IL | Equipment /Rehab Facility | $55,000 |
| The Arc of Iroquois CO Watseka, IL | Computer Upgrades | $14,750 |
| Danville Foundation for Industrial Danville, IL | Business Retention/Growth | $12,000 |
| Riverside Healthcare Foundation Kankakee, IL | Sponsor Heart Ball Fundraiser | $11,000 |
| Balloons Over Vermilion Danville, IL | Festival of Trees/Event | $10,000 |
| Don Moyer Boys & Girls Club Champaign, IL | Youth Programs | $10,000 |
| Schlarman Academy Danville, IL | Equipment for Campus | $10,000 |
| United Way of Danville Area Danville, IL | Support Various Programs | $10,000 |
| United Way of Kankakee & Iroquois C Kankakee, IL | Programs for Community | $10,000 |
| United Way of Champaign CO Savoy, IL | Emergency Shelter | $7,500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grant total | Grant count |
|---|---|---|
| 2025 | $263,250 | 83 |
| 2024 | $162,695 | 65 |
| 2023 | $235,262 | 76 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,355,344 | $4,818,410 | $3,424,633 |
| Revenue | $806,236 | $1,562,434 | $126,044 |
| Expenses | $269,851 | $168,657 | $561,909 |
| Qualifying Distributions | $263,250 | $162,695 | $235,262 |
| Net Investment Income | $161,834 | $122,266 | $124,285 |
| Distributable Amount | $250,022 | $190,415 | $165,485 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 28, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 30, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 13, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 13, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Walter H Hasselbring III as president; Pamela Verkler as VP/Treasurer; Ashtyn Barrett as secretary; and Alan Martin, Gary Martin, Frank Simutis, Thomas Chamberlain, and James D Anderson as directors. Frank Simutis is listed as director emeritus.
Iroquois Federal Foundation Inc is led by Walter H. Hasselbring III, President on every filing since 2020; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Walter H. Hasselbring III
President
On filings since 2020
No compensation reported
Alan Martin
Director
On filings since 2020
No compensation reported
Gary Martin
Director
On filings since 2020
No compensation reported
James D. Anderson
Director
On filings since 2020
No compensation reported
Thomas Chamberlain
Director
On filings since 2020
No compensation reported
Frank Simutis
Director Emeritus
On filings since 2020
No compensation reported
Pamela Verkler
Vice President & Treasurer
On filings since 2020
No compensation reported
Ashtyn Barrett
Secretary
On filings since 2024
No compensation reported
Former officers (1)
- Former: Beth Warren (2020–2023) — Secretary
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Rhonda Pence
Mailing address: 201 E Cherry Street, Watseka, IL 60970
Phone: (815) 432-2476
Email: rpence@iroquoisfed.com
Frequently asked questions about Iroquois Federal Foundation Inc
How much does Iroquois Federal Foundation Inc give each year?
Iroquois Federal Foundation Inc gave $263K across 83 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $163K across 65 grants.
What is Iroquois Federal Foundation Inc's typical grant size?
Iroquois Federal Foundation Inc's median grant in 2025 was $1,000, and its average grant was $3,172, across 83 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Iroquois Federal Foundation Inc that year got $875 on average.
Where does Iroquois Federal Foundation Inc give grants?
Iroquois Federal Foundation Inc gives mostly in Illinois: 96% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Danville, IL (25 grants), Watseka, IL (13 grants), Champaign, IL (9 grants) and Kankakee, IL (7 grants).
Does Iroquois Federal Foundation Inc give general operating support?
Occasionally: 1% of Iroquois Federal Foundation Inc's 2025 grants with a stated purpose (1 of 83) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Support Programs" (4 grants).
Who are Iroquois Federal Foundation Inc's largest grantees?
Iroquois Federal Foundation Inc's largest 2025 grantees include Iroquois Memorial Hospital ($55,000), The Arc of Iroquois CO ($14,750) and Danville Foundation for Industrial ($12,000), according to its 2025 IRS Form 990-PF. Together they received 31% of its itemized 2025 grant dollars.
How large is Iroquois Federal Foundation Inc?
Iroquois Federal Foundation Inc reported $5.4M in total assets on its 2025 IRS Form 990-PF. It paid out $263K in qualifying distributions that year, against a required minimum of $250K (roughly 5% of its investment assets).
What does Iroquois Federal Foundation Inc fund?
The foundation’s filing describes its activity as supporting charitable and community service organizations. Its 2025 grants include support for healthcare, economic development, youth programs, education, emergency shelter, and community events. See mission & focus areas ↑
How do I apply for a grant from Iroquois Federal Foundation Inc?
A complete grant application is required, including the amount requested, purpose, and area to be served, along with tax-exempt documentation. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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