Sarah E Wallace Trust

Mattoon, IL
Tax-exempt since Jan. 1900
EIN: 37-6024600

Type of Nonprofit

Designated as a 4947(a)(1) Non-exempt charitable trusts.

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

$9,568

Expenses

$10,989

Net Income

-$1,421

Net Assets

$424,838

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,702	> 100%
Sales of Assets	-$12,134
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,584	32.6%
Compensation of Officers*	$7,559	68.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$424,838
Total Liabilities	$0
Net Assets	$424,838

Compensation

Key Employees and Officers	Compensation	Other
First Mid Wealth Management (Trustee)	$7,559	$0

990-PF

Filed on May 14, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$29,497

Expenses

$52,043

Net Income

-$22,546

Net Assets

$426,259

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,859	67.3%
Sales of Assets	$9,638	32.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,424	79.6%
Compensation of Officers*	$4,076	7.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$465,259
Total Liabilities	$39,000
Net Assets	$426,259

Compensation

Key Employees and Officers	Compensation	Other
First Mid Wealth Management (Trustee)	$4,076	$0

990-PF

Filed on May 9, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$95

Expenses

$9,983

Net Income

-$9,888

Net Assets

$448,805

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,001	> 100%
Sales of Assets	-$14,906
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,280	32.9%
Compensation of Officers*	$6,697	67.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$448,805
Total Liabilities	$0
Net Assets	$448,805

Compensation

Key Employees and Officers	Compensation	Other
First Mid Wealth Management (Trustee)	$6,697	$0

990-PF

Filed on May 12, 2023

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$13,178

Expenses

$34,052

Net Income

-$20,874

Net Assets

$458,693

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,898	> 100%
Sales of Assets	-$720
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,538	75.0%
Compensation of Officers*	$9,590	28.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$458,693
Total Liabilities	$0
Net Assets	$458,693

Compensation

Key Employees and Officers	Compensation	Other
First Mid Wealth Management (Trustee)	$9,590	$0

990-PF

Filed on May 9, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$15,934

Expenses

$35,366

Net Income

-$19,432

Net Assets

$479,566

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,065	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,084	79.4%
Compensation of Officers*	$7,452	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	$479,567
Total Liabilities	$1
Net Assets	$479,566

Compensation

Key Employees and Officers	Compensation	Other
First Mid Wealth Management (Trustee)	$7,452	$0

990-PF

Filed on May 13, 2021

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$18,654

Expenses

$29,229

Net Income

-$10,575

Net Assets

$498,998

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$94	0.5%
Dividends	$18,704	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,142	72.3%
Compensation of Officers*	$8,599	29.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$498,999
Total Liabilities	$1
Net Assets	$498,998

Compensation

Key Employees and Officers	Compensation	Other
First Mid Wealth Management (Trustee)	$8,599	$0

990-PF

Filed on May 18, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$24,420

Expenses

$32,555

Net Income

-$8,135

Net Assets

$509,574

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$51	0.2%
Dividends	$17,700	72.5%
Sales of Assets	$6,669	27.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,523	75.3%
Compensation of Officers*	$8,382	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	$509,574
Total Liabilities	$0
Net Assets	$509,574

Compensation

Key Employees and Officers	Compensation	Other
First Mid Wealth Management (Trustee)	$8,382	$0

990-PF

Filed on May 13, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$28,837

Expenses

$34,793

Net Income

-$5,956

Net Assets

$517,709

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$139	0.5%
Dividends	$15,582	54.0%
Sales of Assets	$13,116	45.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,045	74.9%
Compensation of Officers*	$10,379	29.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$517,709
Total Liabilities	$0
Net Assets	$517,709

Compensation

Key Employees and Officers	Compensation	Other
First Mid Illinois Bank Trust (Trustee)	$10,379	$0

990-PF

Filed on May 11, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$21,871

Expenses

$34,304

Net Income

-$12,433

Net Assets

$523,665

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$23	0.1%
Dividends	$13,861	63.4%
Sales of Assets	$7,987	36.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,973	78.6%
Compensation of Officers*	$8,312	24.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$523,665
Total Liabilities	$0
Net Assets	$523,665

Compensation

Key Employees and Officers	Compensation	Other
First Mid Illinois Bank Trust (Trustee)	$8,312	$0

990-PF

Filed on May 5, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$20,553

Expenses

$34,914

Net Income

-$14,361

Net Assets

$536,098

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$22	0.1%
Dividends	$14,240	69.3%
Sales of Assets	$6,291	30.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,526	78.8%
Compensation of Officers*	$7,677	22.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$536,098
Total Liabilities	$0
Net Assets	$536,098

Compensation

Key Employees and Officers	Compensation	Other
First Mid Illinois Bank Trust (Trustee)	$7,677	$0

990-PF

Filed on May 10, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$29,838

Expenses

$35,316

Net Income

-$5,478

Net Assets

$550,459

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$29	0.1%
Dividends	$14,515	48.6%
Sales of Assets	$15,294	51.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,840	78.8%
Compensation of Officers*	$7,836	22.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$550,459
Total Liabilities	$0
Net Assets	$550,459

Compensation

Key Employees and Officers	Compensation	Other
First Mid Illinois Bank Trust (Trustee)	$7,836	$0

990-PF

Filed on May 14, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$29,101

Expenses

$34,879

Net Income

-$5,778

Net Assets

$555,937

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$20	0.1%
Dividends	$14,896	51.2%
Sales of Assets	$14,185	48.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,771	79.6%
Compensation of Officers*	$7,461	21.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$555,937
Total Liabilities	$0
Net Assets	$555,937

Compensation

Key Employees and Officers	Compensation	Other
First Mid Illinois Bank Trust (Trustee)	$7,461	$0

990-PF

Filed on May 14, 2014

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

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PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$27,897

Expenses

$35,305

Net Income

-$7,408

Net Assets

$561,715

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$23	0.1%
Dividends	$21,551	77.3%
Sales of Assets	$6,323	22.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,201	79.9%
Compensation of Officers*	$7,433	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	$561,715
Total Liabilities	$0
Net Assets	$561,715

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$28,079

Expenses

$32,600

Net Income

-$4,521

Net Assets

$569,123

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$118	0.4%
Dividends	$20,359	72.5%
Sales of Assets	$7,602	27.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,273	77.5%
Compensation of Officers*	$6,918	21.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$569,123
Total Liabilities	$0
Net Assets	$569,123

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.

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Types of Nonprofits

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Sarah E Wallace Trust

Organization summary

Type of Nonprofit

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

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001