James W Lundberg Philanthropic Trust

Bloomington, IL
Tax-exempt since July 1998
EIN: 52-6798969

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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.

Category: Religion-Related, Spiritual Development / Christian (NTEE)

Donations to this organization are tax deductible.

Revenue

$240k (2024)

Expenses

$135k (2024)

Total Assets

$2.85M (2024)

Total Liabilities

$0 (2024)

Years with missing data

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

$239,728

Expenses

$134,886

Net Income

$104,842

Net Assets

$2,845,899

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$104,154	43.4%
Sales of Assets	$135,574	56.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$112,184	83.2%
Compensation of Officers*	$26,104	19.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,845,899
Total Liabilities	$0
Net Assets	$2,845,899

Compensation

Key Employees and Officers	Compensation	Other
G Timothy Leighton (Co Trustee)	$16,104	$0
Marilyn K Waits (Trustee)	$10,000	$0

990-PF

Filed on June 24, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$151,500

Expenses

$137,286

Net Income

$14,214

Net Assets

$2,510,126

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,142	0.8%
Dividends	$75,471	49.8%
Sales of Assets	$78,043	51.5%
Other Income	-$3,156

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,856	81.5%
Compensation of Officers*	$26,203	19.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,510,126
Total Liabilities	$0
Net Assets	$2,510,126

Compensation

Key Employees and Officers	Compensation	Other
G Timothy Leighton (Co Trustee)	$16,203	$0
Marilyn K Waits (Trustee)	$10,000	$0

990-PF

Filed on April 22, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$156,953

Expenses

$140,806

Net Income

$16,147

Net Assets

$2,448,330

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$31,531	20.1%
Dividends	$52,529	33.5%
Sales of Assets	$82,884	52.8%
Other Income	-$9,991

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$114,578	81.4%
Compensation of Officers*	$38,196	27.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,448,330
Total Liabilities	$0
Net Assets	$2,448,330

Compensation

Key Employees and Officers	Compensation	Other
G Timothy Leighton (Co Trustee)	$28,196	$0
Marilyn K Waits (Trustee)	$10,000	$0

990-PF

Filed on May 10, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$160,083

Expenses

$162,991

Net Income

-$2,908

Net Assets

$2,396,517

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$33,542	21.0%
Dividends	$79,674	49.8%
Sales of Assets	$52,772	33.0%
Other Income	-$5,905

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,826	58.8%
Compensation of Officers*	$34,787	21.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,396,517
Total Liabilities	$0
Net Assets	$2,396,517

Compensation

Key Employees and Officers	Compensation	Other
G Timothy Leighton (Co Trustee)	$24,787	$0
Marilyn K Waits (Trustee)	$10,000	$0

990-PF

Filed on Nov. 9, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$144,941

Expenses

$168,682

Net Income

-$23,741

Net Assets

$2,130,082

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$40,549	28.0%
Dividends	$53,380	36.8%
Sales of Assets	$3,633	2.5%
Other Income	$47,379	32.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$108,593	64.4%
Compensation of Officers*	$35,671	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	$2,130,083
Total Liabilities	$1
Net Assets	$2,130,082

Compensation

Key Employees and Officers	Compensation	Other
G Timothy Leighton (Co Trustee)	$25,671	$0
Marilyn K Waits (Trustee)	$10,000	$0

990-PF

Filed on Nov. 13, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$107,711

Expenses

$157,782

Net Income

-$50,071

Net Assets

$2,174,753

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$32,533	30.2%
Dividends	$42,201	39.2%
Sales of Assets	$797	0.7%
Other Income	$32,180	29.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$127,262	80.7%
Compensation of Officers*	$34,972	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	$2,174,754
Total Liabilities	$1
Net Assets	$2,174,753

Compensation

Key Employees and Officers	Compensation	Other
G Timothy Leighton (Co Trustee)	$24,972	$0
Marilyn K Waits (Trustee)	$10,000	$0

990-PF

Filed on May 6, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$959,421

Expenses

$72,550

Net Income

$886,871

Net Assets

$1,684,315

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$77	0.0%
Dividends	$27,495	2.9%
Sales of Assets	$18,455	1.9%
Other Income	$913,394	95.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,006	82.7%
Compensation of Officers*	$35,789	49.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,684,315
Total Liabilities	$0
Net Assets	$1,684,315

Compensation

Key Employees and Officers	Compensation	Other
G Timothy Leighton (Co Trustee)	$25,789	$0
Marilyn K Waits (Trustee)	$10,000	$0

990-PF

Filed on May 30, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$72,539

Expenses

$57,667

Net Income

$14,872

Net Assets

$685,798

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$44	0.1%
Dividends	$26,271	36.2%
Sales of Assets	$46,224	63.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,898	74.4%
Compensation of Officers*	$25,180	43.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$685,798
Total Liabilities	$0
Net Assets	$685,798

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$29,577

Expenses

$58,943

Net Income

-$29,366

Net Assets

$707,813

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$41	0.1%
Dividends	$16,185	54.7%
Sales of Assets	$13,351	45.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$46,697	79.2%
Compensation of Officers*	$26,980	45.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$707,813
Total Liabilities	$0
Net Assets	$707,813

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$28,770

Expenses

$50,630

Net Income

-$21,860

Net Assets

$723,654

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,707	9.4%
Interest Revenue	$75	0.3%
Dividends	$16,364	56.9%
Sales of Assets	$10,491	36.5%
Other Income	-$867

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$39,965	78.9%
Compensation of Officers*	$22,000	43.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$723,654
Total Liabilities	$0
Net Assets	$723,654

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$22,607

Expenses

$52,307

Net Income

-$29,700

Net Assets

$725,644

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$40	0.2%
Dividends	$19,868	87.9%
Sales of Assets	$3,206	14.2%
Other Income	-$507

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,260	78.9%
Compensation of Officers*	$24,765	47.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$735,644
Total Liabilities	$10,000
Net Assets	$725,644

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$20,469

Expenses

$46,616

Net Income

-$26,147

Net Assets

$755,344

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$95	0.5%
Dividends	$20,201	98.7%
Sales of Assets	$1,321	6.5%
Other Income	-$1,148

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,034	81.6%
Compensation of Officers*	$20,693	44.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$767,544
Total Liabilities	$12,200
Net Assets	$755,344

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

PDF (2 of 2)

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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.

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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.

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Updated September 25, 2025

James W Lundberg Philanthropic Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $240k (2024)

Expenses $135k (2024)

Total Assets $2.85M (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

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Revenue

$240k (2024)

Expenses

$135k (2024)

Total Assets

$2.85M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

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2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

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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.
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2002

Fiscal Year Ending Dec.
2001