Prospect Bank Foundation

Organization Overview

Prospect Bank Foundation is located in Paris, IL. The organization was established in 1992. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prospect Bank Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 07/2022, Prospect Bank Foundation generated $39.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $33.0k during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION DOES NOT ENGAGE IN ANY DIRECT CHARITABLE ACTIVITIES BUT PROVIDES GRANTS TO OTHER 501(C)(3) ENTITIES AND GOVERNMENTAL UNITS.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $38,000
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $1,254
Total Revenue $39,254

Grants Awarded

Over the last fiscal year, Prospect Bank Foundation has awarded $32,100 in support to 32 organizations.

Grant RecipientAmount

CHAMPAIGN PARKS FOUNDATION

Org PageRecipient Profile

Champaign, IL

PURPOSE: DONATION

$7,000

OLIVIA THEIRL

PURPOSE: SCHOLARSHIP

$1,500

ALEX TURNER

PURPOSE: SCHOLARSHIP

$1,500

JOHNNA WATSON

PURPOSE: SCHOLARSHIP

$1,500

CHLOE RAYHEL

PURPOSE: SCHOLARSHIP

$1,000

EMMA STAFFORD

PURPOSE: SCHOLARSHIP

$1,000
View Grant Profile

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