Schlarman Foundation Inc
Schlarman Foundation was formed to provide financial support to all facets of catholic education within the jurisdiction of schlarman academy and to assist the schlarman advancement office in providing support in areas of long-range financial development.
Key facts about Schlarman Foundation Inc
In short: Schlarman Foundation Inc gave $6K across 1 grant in 2025 (avg $6K), mostly in Illinois. Source: 2025 IRS Form 990.
- EIN
- 23-7367151
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $5,788
- Grants made (2025)
- 1
- Average grant
- $5,788
- Median grant
- $5,788
- Total assets
- $4,482,029
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$4.5M
+4.0% YoY
Annual Giving
$6K
-88.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$6K
-88.5% YoY
About Schlarman Foundation Inc
Based on IRS filings
Schlarman Foundation Inc is a public charity, based in Danville, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.5M in total assets. In 2025, it awarded 1 grant totaling $6K. Net investment income was $67K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $2K (2021) to $122K (2023). In 2025 it made 1 grant totaling $6K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Schlarman Academy ($6K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 2 grants of 4 (50%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Schlarman Academy Danville, IL | Operation of the School | $5,788 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,482,029 | $4,309,855 | $4,191,289 |
| Revenue | $174,551 | $169,500 | $371,630 |
| Expenses | $132,466 | $143,949 | $273,387 |
| Net Investment Income | $66,909 | $67,677 | $87,708 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS April 5, 2023)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Schlarman Foundation Inc is led by Nancy O'Kane, President on every filing since 2020; none of the 19 officers listed in 2025 report compensation.
Officers on the 2025 filing
Nancy O'Kane
President
On filings since 2020
1 hr/week
No compensation reported
Becky Schlecht
Director
On filings since 2020
1 hr/week
No compensation reported
Brian Neville
Director
On filings since 2020
1 hr/week
No compensation reported
Curt Girouard
Director
On filings since 2020
1 hr/week
No compensation reported
Fred Faulstich
Director
On filings since 2020
1 hr/week
No compensation reported
Jerry O'Neill
Director
On filings since 2020
1 hr/week
No compensation reported
Jody Legett
Director
On filings since 2020
1 hr/week
No compensation reported
John O'Rourke
Director
On filings since 2020
1 hr/week
No compensation reported
Judy Myers
Director
On filings since 2020
1 hr/week
No compensation reported
Paul Janosik
Director
On filings since 2020
1 hr/week
No compensation reported
William Donahue
Director
On filings since 2020
1 hr/week
No compensation reported
Peter Goodwin
Director
On filings since 2022
1 hr/week
No compensation reported
John Cyr
Director
On filings since 2024
1 hr/week
No compensation reported
Chuck Kasper
Director
New on the 2025 filing
1 hr/week
No compensation reported
Ernie Traux
Director
New on the 2025 filing
1 hr/week
No compensation reported
Mark Janesky
Director
New on the 2025 filing
1 hr/week
No compensation reported
Sue O'Neill
Director
New on the 2025 filing
1 hr/week
No compensation reported
Mark Pellegrini
Treasurer
Vice President → Treasurer, 2022
On filings since 2020
1 hr/week
No compensation reported
Raymond Broderick
Vice President
Director → Vice President, 2022
On filings since 2020
1 hr/week
No compensation reported
Former officers (9)
- Former: Raj Karinattu (2020–2024) — Director
- Former: Michael Bryant (2021–2024) — Director
- Former: Patricia Owens (2021–2024) — Director
- Former: Richard Carroll (2022–2024) — Director
- Former: Thomas Szydilk (2023) — Director
- Former: Bowan Schmitt (2020–2022) — Director
- Former: Jim Mulvaney (2020–2021) — Director
- Former: Mike O'Brien (2020) — Director
- Former: Philip Muehl (2020) — Director
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.
Frequently asked questions about Schlarman Foundation Inc
How much does Schlarman Foundation Inc give each year?
Schlarman Foundation Inc gave $6K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $50K across 1 grant.
How large is Schlarman Foundation Inc?
Schlarman Foundation Inc reported $4.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $175K.
Where does Schlarman Foundation Inc operate?
Schlarman Foundation Inc has awarded grants in Illinois.
What is Schlarman Foundation Inc's EIN?
Schlarman Foundation Inc's EIN (Employer Identification Number) is 23-7367151. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Schlarman Foundation Inc by hand.
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