Carl H & Faye W Frazee Niles Commun Library Foundation

South Bend, IN
Tax-exempt since April 1990
EIN: 35-6502859

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$54.7k (2025)

Expenses

$59.5k (2025)

Total Assets

$629k (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2012 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2025

Revenue

$54,682

Expenses

$59,486

Net Income

-$4,804

Net Assets

$628,594

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$25,195	46.1%
Sales of Assets	$29,487	53.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$46,731	78.6%
Compensation of Officers*	$10,149	17.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$628,594
Total Liabilities	$0
Net Assets	$628,594

Compensation

Key Employees and Officers	Compensation	Other
1st Source Bank (Successor Trustee)	$10,149	$0

990-PF

Filed on Oct. 10, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2024

Revenue

$57,512

Expenses

$55,939

Net Income

$1,573

Net Assets

$633,721

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,927	39.9%
Sales of Assets	$34,585	60.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,529	92.1%
Compensation of Officers*	$9,443	16.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$633,721
Total Liabilities	$0
Net Assets	$633,721

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank 1 St Source Bank (Successor Tr)	$9,443	$0

990-PF

Filed on April 22, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2023

Revenue

$17,949

Expenses

$59,007

Net Income

-$41,058

Net Assets

$632,234

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,139	> 100%
Sales of Assets	-$4,190
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$47,894	81.2%
Compensation of Officers*	$9,074	15.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$632,234
Total Liabilities	$0
Net Assets	$632,234

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank 1 St Source Bank (Successor Tr)	$9,074	$0

990-PF

Filed on Aug. 8, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2022

Revenue

$38,498

Expenses

$62,455

Net Income

-$23,957

Net Assets

$673,459

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,659	51.1%
Sales of Assets	$18,839	48.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$56,208	90.0%
Compensation of Officers*	$10,303	16.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$673,459
Total Liabilities	$0
Net Assets	$673,459

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank 1 St Source Bank (Successor Tr)	$10,303	$0

990-PF

Filed on Nov. 7, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2021

Revenue

$90,402

Expenses

$56,638

Net Income

$33,764

Net Assets

$697,949

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,129	24.5%
Sales of Assets	$68,273	75.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,637	92.9%
Compensation of Officers*	$9,923	17.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$697,950
Total Liabilities	$1
Net Assets	$697,949

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank 1 St Source Bank (Successor Tr)	$9,923	$0

990-PF

Filed on Sept. 30, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2020

Revenue

$19,772

Expenses

$56,757

Net Income

-$36,985

Net Assets

$663,787

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,419	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,078	93.5%
Compensation of Officers*	$9,240	16.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$663,788
Total Liabilities	$1
Net Assets	$663,787

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank 1 St Source Bank (Successor Tr)	$9,240	$0

990-PF

Filed on Aug. 25, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2019

Revenue

$55,923

Expenses

$58,077

Net Income

-$2,154

Net Assets

$700,055

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$23,556	42.1%
Sales of Assets	$32,367	57.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,265	91.7%
Compensation of Officers*	$9,345	16.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$700,055
Total Liabilities	$0
Net Assets	$700,055

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank 1 St Source Bank (Successor Tr)	$9,345	$0

990-PF

Filed on Aug. 20, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2018

Revenue

$47,425

Expenses

$56,346

Net Income

-$8,921

Net Assets

$701,691

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,901	42.0%
Sales of Assets	$27,524	58.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,258	92.7%
Compensation of Officers*	$9,645	17.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$701,691
Total Liabilities	$0
Net Assets	$701,691

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank 1 St Source Bank (Successor Tr)	$9,645	$0

990-PF

Filed on Nov. 5, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2017

Revenue

$30,595

Expenses

$55,930

Net Income

-$25,335

Net Assets

$712,313

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,756	58.0%
Sales of Assets	$12,839	42.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$45,385	81.1%
Compensation of Officers*	$9,264	16.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$712,313
Total Liabilities	$0
Net Assets	$712,313

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank 1 St Source Bank (Successor Tr)	$9,264	$0

990-PF

Filed on Nov. 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2016

Revenue

$19,395

Expenses

$58,496

Net Income

-$39,101

Net Assets

$737,490

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,236	94.0%
Sales of Assets	$1,159	6.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$47,844	81.8%
Compensation of Officers*	$9,220	15.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$737,490
Total Liabilities	$0
Net Assets	$737,490

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank 1 St Source Bank (Successor Tr)	$9,220	$0

990-PF

Filed on Nov. 11, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2015

Revenue

$40,760

Expenses

$58,980

Net Income

-$18,220

Net Assets

$776,532

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$23,173	56.9%
Sales of Assets	$17,587	43.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$47,058	79.8%
Compensation of Officers*	$9,461	16.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$776,532
Total Liabilities	$0
Net Assets	$776,532

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank 1 St Source Bank (Successor Tr)	$9,461	$0

990-PF

Filed on Nov. 6, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2014

Revenue

$51,263

Expenses

$55,604

Net Income

-$4,341

Net Assets

$794,836

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,056	43.0%
Sales of Assets	$29,207	57.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,523	80.1%
Compensation of Officers*	$9,643	17.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$794,836
Total Liabilities	$0
Net Assets	$794,836

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank 1 St Source Bank (Successor Tr)	$9,643	$0

990-PF

Filed on Nov. 14, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2013

Revenue

$36,063

Expenses

$54,682

Net Income

-$18,619

Net Assets

$799,101

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$24,795	68.8%
Sales of Assets	$11,268	31.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,692	81.7%
Compensation of Officers*	$8,665	15.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$799,101
Total Liabilities	$0
Net Assets	$799,101

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$45,949

Expenses

$52,593

Net Income

-$6,644

Net Assets

$817,720

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$28,071	61.1%
Sales of Assets	$17,878	38.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,947	83.6%
Compensation of Officers*	$8,468	16.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$817,720
Total Liabilities	$0
Net Assets	$817,720

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
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Updated January 26, 2026

Carl H & Faye W Frazee Niles Commun Library Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $54.7k (2025)

Expenses $59.5k (2025)

Total Assets $629k (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$54.7k (2025)

Expenses

$59.5k (2025)

Total Assets

$629k (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending June
2025

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

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2022

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2021

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2020

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2019

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2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

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2011

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2010

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2009

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2008

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2007

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2006

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2005

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2004

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2003

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2002