Verl I Brooks Scholarship Foundation

Galesburg, IL
Tax-exempt since Sept. 1994
EIN: 36-3967580

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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

$65.1k (2024)

Expenses

$177k (2024)

Total Assets

$1.59M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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 Dec.
2024

Revenue

$65,132

Expenses

$176,654

Net Income

-$111,522

Net Assets

$1,587,476

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13,942	21.4%
Dividends	$74,203	> 100%
Sales of Assets	-$23,350
Other Income	$337	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$161,272	91.3%
Compensation of Officers*	$27,629	15.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,587,476
Total Liabilities	$0
Net Assets	$1,587,476

Compensation

Key Employees and Officers	Compensation	Other
Judy Diemer (Foundation M)	$19,629	$0
Thomas Bischoff (Trustee)	$4,000	$0
Michael Schaubroeck (Trustee)	$4,000	$0

990-PF

Filed on May 15, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$196,928

Expenses

$143,289

Net Income

$53,639

Net Assets

$1,698,998

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,897	5.0%
Dividends	$83,718	42.5%
Sales of Assets	$100,035	50.8%
Other Income	$3,278	1.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$130,138	90.8%
Compensation of Officers*	$27,878	19.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,698,998
Total Liabilities	$0
Net Assets	$1,698,998

Compensation

Key Employees and Officers	Compensation	Other
Judy Diemer (Foundation M)	$19,878	$0
Thomas Bischoff (Trustee)	$4,000	$0
Michael Schaubroeck (Trustee)	$4,000	$0

990-PF

Filed on May 14, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$52,875

Expenses

$113,971

Net Income

-$61,096

Net Assets

$1,645,359

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,607	4.9%
Dividends	$87,937	> 100%
Sales of Assets	-$37,669
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,017	86.9%
Compensation of Officers*	$29,298	25.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,645,359
Total Liabilities	$0
Net Assets	$1,645,359

Compensation

Key Employees and Officers	Compensation	Other
Judy Diemer (Foundation M)	$21,298	$0
Thomas Bischoff (Trustee)	$4,000	$0
Michael Schaubroeck (Trustee)	$4,000	$0

990-PF

Filed on May 5, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$104,580

Expenses

$114,527

Net Income

-$9,947

Net Assets

$1,706,455

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,545	4.3%
Dividends	$81,653	78.1%
Sales of Assets	$14,764	14.1%
Other Income	$3,618	3.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$100,191	87.5%
Compensation of Officers*	$28,362	24.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,706,455
Total Liabilities	$0
Net Assets	$1,706,455

Compensation

Key Employees and Officers	Compensation	Other
Judy Diemer (Foundation M)	$20,362	$0
Thomas Bischoff (Trustee)	$4,000	$0
Michael Schaubroeck (Trustee)	$4,000	$0

990-PF

Filed on May 16, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$248,525

Expenses

$136,412

Net Income

$112,113

Net Assets

$1,716,401

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10	0.0%
Dividends	$85,837	34.5%
Sales of Assets	$162,678	65.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$125,161	91.8%
Compensation of Officers*	$26,953	19.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,716,402
Total Liabilities	$1
Net Assets	$1,716,401

Compensation

Key Employees and Officers	Compensation	Other
Judy Diemer (Foundation M)	$18,953	$0
Thomas Bischoff (Trustee)	$4,000	$0
Michael Schaubroeck (Trustee)	$4,000	$0

990-PF

Filed on June 10, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$75,975

Expenses

$146,099

Net Income

-$70,124

Net Assets

$1,604,288

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$16	0.0%
Dividends	$85,951	> 100%
Sales of Assets	$0
Other Income	$1,553	2.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$133,236	91.2%
Compensation of Officers*	$26,642	18.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,604,289
Total Liabilities	$1
Net Assets	$1,604,288

Compensation

Key Employees and Officers	Compensation	Other
Judy Diemer (Foundation M)	$18,642	$0
Thomas Bischoff (Trustee)	$4,000	$0
Michael Schaubroeck (Trustee)	$4,000	$0

990-PF

Filed on June 2, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$217,881

Expenses

$136,276

Net Income

$81,605

Net Assets

$1,674,413

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$23	0.0%
Dividends	$82,292	37.8%
Sales of Assets	$135,566	62.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,334	88.3%
Compensation of Officers*	$26,207	19.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,674,413
Total Liabilities	$0
Net Assets	$1,674,413

Compensation

Key Employees and Officers	Compensation	Other
Judy Diemer (Foundation M)	$18,207	$0
Thomas Bischoff (Trustee)	$4,000	$0
Michael Schaubroeck (Trustee)	$4,000	$0

990-PF

Filed on April 26, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$82,667

Expenses

$124,168

Net Income

-$41,501

Net Assets

$1,592,808

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14	0.0%
Dividends	$84,551	> 100%
Sales of Assets	-$3,623
Other Income	$1,725	2.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$113,841	91.7%
Compensation of Officers*	$26,183	21.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,592,808
Total Liabilities	$0
Net Assets	$1,592,808

Compensation

Key Employees and Officers	Compensation	Other
Judy Diemer (Foundation M)	$18,433	$0
Thomas Bischoff (Trustee)	$3,875	$0
Michael Schaubroeck (Trustee)	$3,875	$0

990-PF

Filed on April 13, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$82,188

Expenses

$147,421

Net Income

-$65,233

Net Assets

$1,634,309

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10	0.0%
Dividends	$81,797	99.5%
Sales of Assets	-$4,978
Other Income	$5,359	6.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$137,831	93.5%
Compensation of Officers*	$25,139	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	$1,634,309
Total Liabilities	$0
Net Assets	$1,634,309

Compensation

Key Employees and Officers	Compensation	Other
Judy Diemer (Foundation M)	$18,139	$0
Thomas Bischoff (Trustee)	$3,500	$0
Michael Schaubroeck (Trustee)	$3,500	$0

990-PF

Filed on May 25, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$104,737

Expenses

$140,336

Net Income

-$35,599

Net Assets

$1,699,542

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12	0.0%
Dividends	$87,229	83.3%
Sales of Assets	$16,667	15.9%
Other Income	$829	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$129,359	92.2%
Compensation of Officers*	$24,574	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	$1,699,542
Total Liabilities	$0
Net Assets	$1,699,542

Compensation

Key Employees and Officers	Compensation	Other
Judy Diemer (Foundation M)	$17,574	$0
Thomas Bischoff (Trustee)	$3,500	$0
Michael Schaubroeck (Trustee)	$3,500	$0

990-PF

Filed on April 28, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$81,533

Expenses

$111,820

Net Income

-$30,287

Net Assets

$1,735,141

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17	0.0%
Dividends	$80,441	98.7%
Sales of Assets	$1,075	1.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$98,905	88.5%
Compensation of Officers*	$24,137	21.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,735,141
Total Liabilities	$0
Net Assets	$1,735,141

Compensation

Key Employees and Officers	Compensation	Other
Judy Diemer (Foundation M)	$17,137	$0
Thomas Bischoff (Trustee)	$3,500	$0
Michael Schaubroeck (Trustee)	$3,500	$0

990-PF

Filed on April 20, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$83,970

Expenses

$94,280

Net Income

-$10,310

Net Assets

$1,765,428

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17	0.0%
Dividends	$86,403	> 100%
Sales of Assets	-$2,450
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$83,779	88.9%
Compensation of Officers*	$23,633	25.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,765,428
Total Liabilities	$0
Net Assets	$1,765,428

Compensation

Key Employees and Officers	Compensation	Other
Judy Diemer (Foundation M)	$8,382	$0
Freeda M Bonnett (Foundation M)	$8,251	$0
Thomas Bischoff (Trustee)	$3,500	$0
Michael Schaubroeck (Trustee)	$3,500	$0

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990-PF

Filed on May 14, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$83,485

Expenses

$104,336

Net Income

-$20,851

Net Assets

$1,775,737

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$29	0.0%
Dividends	$83,361	99.9%
Sales of Assets	$95	0.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$90,396	86.6%
Compensation of Officers*	$23,302	22.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,775,738
Total Liabilities	$1
Net Assets	$1,775,737

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$81,737

Expenses

$98,569

Net Income

-$16,832

Net Assets

$1,796,589

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$42,714	52.3%
Dividends	$39,023	47.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$88,460	89.7%
Compensation of Officers*	$22,681	23.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,796,589
Total Liabilities	$0
Net Assets	$1,796,589

990-PF

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

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

PDF

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

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Updated January 26, 2026

Verl I Brooks Scholarship Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $65.1k (2024)

Expenses $177k (2024)

Total Assets $1.59M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$65.1k (2024)

Expenses

$177k (2024)

Total Assets

$1.59M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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2022

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Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
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2011

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