I P And Lola Zimmerly Educational Trust

Paris, IL
Tax-exempt since March 1994
EIN: 37-6314386

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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

$7.55k (2025)

Expenses

$13k (2025)

Total Assets

$237k (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 May
2025

Revenue

$7,554

Expenses

$13,049

Net Income

-$5,495

Net Assets

$237,080

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$492	6.5%
Dividends	$5,411	71.6%
Sales of Assets	$1,651	21.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,077	84.9%
Compensation of Officers*	$3,943	30.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$237,080
Total Liabilities	$0
Net Assets	$237,080

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$3,943	$0

990-PF

Filed on June 26, 2025

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

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Fiscal Year Ending May
2024

Revenue

$9,508

Expenses

$16,575

Net Income

-$7,067

Net Assets

$242,575

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$471	5.0%
Dividends	$4,957	52.1%
Sales of Assets	$3,308	34.8%
Other Income	$772	8.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,750	89.0%
Compensation of Officers*	$3,651	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	$242,575
Total Liabilities	$0
Net Assets	$242,575

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$3,651	$0

990-PF

Filed on Aug. 29, 2024

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

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Fiscal Year Ending May
2023

Revenue

$9,272

Expenses

$18,090

Net Income

-$8,818

Net Assets

$249,642

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$111	1.2%
Dividends	$4,735	51.1%
Sales of Assets	$1,842	19.9%
Other Income	$2,584	27.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,749	81.5%
Compensation of Officers*	$3,638	20.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$249,642
Total Liabilities	$0
Net Assets	$249,642

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$3,638	$0

990-PF

Filed on Sept. 27, 2023

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

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Fiscal Year Ending May
2022

Revenue

$42,141

Expenses

$17,354

Net Income

$24,787

Net Assets

$258,460

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$28	0.1%
Dividends	$4,227	10.0%
Sales of Assets	$36,419	86.4%
Other Income	$1,467	3.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,020	86.6%
Compensation of Officers*	$4,280	24.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$258,460
Total Liabilities	$0
Net Assets	$258,460

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$4,280	$0

990-PF

Filed on Oct. 14, 2022

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

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XML

Fiscal Year Ending May
2021

Revenue

$16,291

Expenses

$14,501

Net Income

$1,790

Net Assets

$233,672

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$50	0.3%
Dividends	$3,999	24.5%
Sales of Assets	$11,894	73.0%
Other Income	$348	2.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,352	85.2%
Compensation of Officers*	$4,004	27.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$233,673
Total Liabilities	$1
Net Assets	$233,672

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$4,004	$0

990-PF

Filed on Sept. 27, 2021

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

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Fiscal Year Ending May
2020

Revenue

$16,298

Expenses

$14,807

Net Income

$1,491

Net Assets

$231,882

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$120	0.7%
Dividends	$4,476	27.5%
Sales of Assets	$11,702	71.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,997	87.8%
Compensation of Officers*	$3,293	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	$231,883
Total Liabilities	$1
Net Assets	$231,882

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$3,293	$0

990-PF

Filed on Aug. 24, 2020

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

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Fiscal Year Ending May
2019

Revenue

$18,542

Expenses

$15,718

Net Income

$2,824

Net Assets

$230,392

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$176	0.9%
Dividends	$4,981	26.9%
Sales of Assets	$12,736	68.7%
Other Income	$649	3.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,888	88.4%
Compensation of Officers*	$3,067	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	$230,392
Total Liabilities	$0
Net Assets	$230,392

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$3,067	$0

990-PF

Filed on Sept. 10, 2019

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

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Fiscal Year Ending May
2018

Revenue

$19,157

Expenses

$13,022

Net Income

$6,135

Net Assets

$227,568

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$82	0.4%
Dividends	$4,203	21.9%
Sales of Assets	$12,074	63.0%
Other Income	$2,798	14.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,396	87.5%
Compensation of Officers*	$3,092	23.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$227,568
Total Liabilities	$0
Net Assets	$227,568

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$3,092	$0

990-PF

Filed on July 27, 2018

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

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Fiscal Year Ending May
2017

Revenue

$9,552

Expenses

$14,099

Net Income

-$4,547

Net Assets

$221,433

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25	0.3%
Dividends	$4,441	46.5%
Sales of Assets	$5,027	52.6%
Other Income	$59	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,255	86.9%
Compensation of Officers*	$2,890	20.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$221,433
Total Liabilities	$0
Net Assets	$221,433

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$2,890	$0

990-PF

Filed on Sept. 11, 2017

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

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Fiscal Year Ending May
2016

Revenue

$41,552

Expenses

$14,187

Net Income

$27,365

Net Assets

$225,980

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$48	0.1%
Dividends	$7,515	18.1%
Sales of Assets	$33,739	81.2%
Other Income	$250	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,468	87.9%
Compensation of Officers*	$2,876	20.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$225,980
Total Liabilities	$0
Net Assets	$225,980

Compensation

Key Employees and Officers	Compensation	Other
Edgar County Bank Trust (Trustee)	$2,876	$0

990-PF

Filed on Aug. 11, 2016

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

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Fiscal Year Ending May
2015

Revenue

$16,854

Expenses

$13,378

Net Income

$3,476

Net Assets

$198,615

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25	0.1%
Dividends	$8,558	50.8%
Sales of Assets	$6,931	41.1%
Other Income	$1,340	8.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,724	87.6%
Compensation of Officers*	$2,948	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	$198,615
Total Liabilities	$0
Net Assets	$198,615

Compensation

Key Employees and Officers	Compensation	Other
Edgar County Bank Trust (Trustee)	$2,948	$0

990-PF

Filed on June 24, 2015

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

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Fiscal Year Ending May
2014

Revenue

$10,395

Expenses

$12,022

Net Income

-$1,627

Net Assets

$195,139

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$56	0.5%
Dividends	$8,697	83.7%
Sales of Assets	$1,642	15.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,451	86.9%
Compensation of Officers*	$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	$195,139
Total Liabilities	$0
Net Assets	$195,139

Compensation

Key Employees and Officers	Compensation	Other
Edgar County Bank Trust (Trustee)	$2,830	$0

990-PF

Filed on Aug. 22, 2014

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

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Fiscal Year Ending May
2013

Revenue

$9,164

Expenses

$12,577

Net Income

-$3,413

Net Assets

$196,765

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$49	0.5%
Dividends	$8,684	94.8%
Sales of Assets	$431	4.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,140	88.6%
Compensation of Officers*	$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	$196,766
Total Liabilities	$1
Net Assets	$196,765

990-PF

Filed on Jan. 10, 2014

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

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Fiscal Year Ending May
2012

Revenue

$7,821

Expenses

$13,064

Net Income

-$5,243

Net Assets

$200,179

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$148	1.9%
Dividends	$6,276	80.2%
Sales of Assets	$0
Other Income	$1,828	23.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,641	89.1%
Compensation of Officers*	$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	$200,179
Total Liabilities	$0
Net Assets	$200,179

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.

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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

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Updated January 26, 2026

I P And Lola Zimmerly Educational Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $7.55k (2025)

Expenses $13k (2025)

Total Assets $237k (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending May 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$7.55k (2025)

Expenses

$13k (2025)

Total Assets

$237k (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending May
2025

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2024

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2023

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2022

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2021

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2020

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2018

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2017

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2016

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2015

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2014

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2013

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2012

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2011

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2010

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