Margarette Drake Tr

Paris, IL
EIN: 37-6363057

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 June
2025

Revenue

$3,896

Expenses

$6,621

Net Income

-$2,725

Net Assets

$76,715

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$160	4.1%
Dividends	$1,829	46.9%
Sales of Assets	$1,907	48.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,536	83.6%
Compensation of Officers*	$1,319	19.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$76,715
Total Liabilities	$0
Net Assets	$76,715

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$1,319	$0

990-PF

Filed on Nov. 6, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2024

Revenue

$3,188

Expenses

$6,357

Net Income

-$3,169

Net Assets

$79,440

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$85	2.7%
Dividends	$1,734	54.4%
Sales of Assets	$1,369	42.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,326	83.8%
Compensation of Officers*	$1,257	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	$79,440
Total Liabilities	$0
Net Assets	$79,440

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$1,257	$0

990-PF

Filed on Oct. 23, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2023

Revenue

$2,300

Expenses

$6,310

Net Income

-$4,010

Net Assets

$82,609

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$34	1.5%
Dividends	$1,725	75.0%
Sales of Assets	$541	23.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,533	87.7%
Compensation of Officers*	$1,245	19.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$82,609
Total Liabilities	$0
Net Assets	$82,609

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$1,245	$0

990-PF

Filed on Oct. 20, 2023

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2022

Revenue

$11,924

Expenses

$7,471

Net Income

$4,453

Net Assets

$86,619

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.1%
Dividends	$1,387	11.6%
Sales of Assets	$10,531	88.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,642	88.9%
Compensation of Officers*	$1,482	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	$86,619
Total Liabilities	$0
Net Assets	$86,619

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$1,482	$0

990-PF

Filed on Nov. 15, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2021

Revenue

$7,022

Expenses

$7,256

Net Income

-$234

Net Assets

$82,165

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18	0.3%
Dividends	$1,377	19.6%
Sales of Assets	$5,627	80.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,478	89.3%
Compensation of Officers*	$1,442	19.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$82,166
Total Liabilities	$1
Net Assets	$82,165

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$1,442	$0

990-PF

Filed on Oct. 26, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$6,324

Expenses

$6,629

Net Income

-$305

Net Assets

$82,399

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$30	0.5%
Dividends	$1,580	25.0%
Sales of Assets	$4,714	74.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,917	89.3%
Compensation of Officers*	$1,197	18.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$82,400
Total Liabilities	$1
Net Assets	$82,399

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$1,197	$0

990-PF

Filed on Aug. 31, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2019

Revenue

$6,233

Expenses

$6,043

Net Income

$190

Net Assets

$82,705

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$31	0.5%
Dividends	$1,910	30.6%
Sales of Assets	$4,292	68.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,441	90.0%
Compensation of Officers*	$1,104	18.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$82,705
Total Liabilities	$0
Net Assets	$82,705

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$1,104	$0

990-PF

Filed on Nov. 14, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2018

Revenue

$5,535

Expenses

$6,740

Net Income

-$1,205

Net Assets

$82,515

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19	0.3%
Dividends	$1,558	28.1%
Sales of Assets	$3,958	71.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,915	87.8%
Compensation of Officers*	$1,142	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	$82,515
Total Liabilities	$0
Net Assets	$82,515

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$1,142	$0

990-PF

Filed on Oct. 23, 2018

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2017

Revenue

$13,221

Expenses

$6,269

Net Income

$6,952

Net Assets

$83,720

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12	0.1%
Dividends	$2,733	20.7%
Sales of Assets	$10,476	79.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,658	90.3%
Compensation of Officers*	$1,092	17.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$83,720
Total Liabilities	$0
Net Assets	$83,720

Compensation

Key Employees and Officers	Compensation	Other
Prospect Bank (Trustee)	$1,092	$0

990-PF

Filed on Sept. 14, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2016

Revenue

$3,776

Expenses

$6,168

Net Income

-$2,392

Net Assets

$76,768

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25	0.7%
Dividends	$3,179	84.2%
Sales of Assets	$572	15.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,596	90.7%
Compensation of Officers*	$1,092	17.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$76,768
Total Liabilities	$0
Net Assets	$76,768

Compensation

Key Employees and Officers	Compensation	Other
Edgar County Bank And Trust (Trustee)	$1,092	$0

990-PF

Filed on Nov. 9, 2016

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

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending June
2015

Revenue

$3,194

Expenses

$6,434

Net Income

-$3,240

Net Assets

$79,160

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$43	1.3%
Dividends	$3,107	97.3%
Sales of Assets	$44	1.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,806	90.2%
Compensation of Officers*	$1,131	17.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$79,160
Total Liabilities	$0
Net Assets	$79,160

Compensation

Key Employees and Officers	Compensation	Other
Edgar County Bank And Trust (Trustee)	$1,131	$0

990-PF

Filed on Nov. 10, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2014

Revenue

$6,868

Expenses

$6,250

Net Income

$618

Net Assets

$82,400

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25	0.4%
Dividends	$4,113	59.9%
Sales of Assets	$2,730	39.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,662	90.6%
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	$82,400
Total Liabilities	$0
Net Assets	$82,400

Compensation

Key Employees and Officers	Compensation	Other
Edgar County Bank And Trust (Trustee)	$1,111	$0

990-PF

Filed on Sept. 8, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2013

Revenue

$3,908

Expenses

$6,446

Net Income

-$2,538

Net Assets

$81,781

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17	0.4%
Dividends	$3,891	99.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,838	90.6%
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	$81,782
Total Liabilities	$1
Net Assets	$81,781

990-PF

Filed on Sept. 26, 2013

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2012

Revenue

$4,559

Expenses

$6,187

Net Income

-$1,628

Net Assets

$84,320

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18	0.4%
Dividends	$4,279	93.9%
Sales of Assets	$262	5.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,614	90.7%
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	$84,320
Total Liabilities	$0
Net Assets	$84,320

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.

Which Organizations Are Here?

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated April 20, 2026

Margarette Drake Tr

Organization summary

Type of Nonprofit

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

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Fiscal Year Ending June
2025

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
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

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002