TOTAL REVENUE - FISCAL 2025
$7,540,349
Up 30.6% from $5,772,670 in fiscal 2024.
Galesburg Community Foundation
Galesburg, Illinois - EIN 37-1159944 - Latest filing: fiscal 2025 (Jan 1, 2025 - Dec 31, 2025)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2025 Form 990, filed Jun 30, 2026. People named below are shown as reported on the fiscal-2025 Form 990, filed Jun 30, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
Galesburg Community Foundation reported $7,540,349 in revenue and $4,610,366 in expenses in fiscal 2025, a surplus of $2,929,983 for the year. Program services took $3,551,219 of expenses, or 77.0%. The organization closed the year with $50,595,131 in net assets - about 131.7 months of expenses at the fiscal-2025 spending level.
At a Glance - Fiscal 2025
All values are fiscal 2025 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2025
$4,610,366
Revenue minus expenses: $2,929,983 in fiscal 2025.
PROGRAM EXPENSE SHARE - FISCAL 2025
77.0%
$3,551,219 of $4,610,366 went to program services.
NET ASSETS - END OF FISCAL 2025
$50,595,131
Total assets $58,883,728 minus total liabilities $8,288,597.
TOP EXECUTIVE PAY - FISCAL 2025
$246,071
Joshua Gibb, Chief Exec O, as reported on the fiscal-2025 Form 990, filed Jun 30, 2026. Total across all compensation columns.
PEOPLE REPORTED - FISCAL 2025
10 Employees
Plus 24 volunteers reported on the fiscal-2025 Form 990.
Money In, Money Out - Fiscal 2025
Revenue and expenses as reported on the fiscal-2025 Form 990, filed Jun 30, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2025
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2025: $0.05 - $249,788 in fundraising expenses divided by $5,376,904 in total contributions. On cash contributions only: $0.06.
Where the Money Came From - Fiscal 2025
| Source | Fiscal 2025 |
|---|---|
| Total Contributions | $5,376,904 |
| Of Which Cash Contributions | $4,404,723 |
| Of Which Donated Goods (Noncash) | $972,181 |
| All Other Contributions | $5,376,904 |
| Program Service Revenue | $275,222 |
| Investment Income | $1,586,710 |
| Other Revenue | $301,513 |
| Total Revenue (All Sources) | $7,540,349 |
Government Grants - Not Broken Out
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
Reserves and Balance Sheet - Fiscal 2025
Reserves and Runway
131.7 Months
of reserves - $50,595,131 in net assets at the end of fiscal 2025, divided by average monthly expenses of about $384,197 in fiscal 2025.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2025
| Total Assets | $58,883,728 |
| Total Liabilities | $8,288,597 |
| Liabilities as Share of Assets | 14.1% |
| Net Assets | $50,595,131 |
Leadership Pay - Fiscal 2025
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2025 Form 990, filed Jun 30, 2026.
| Name and Title, as Reported | Total Pay - Fiscal 2025 | Share of Expenses |
|---|---|---|
| Joshua Gibb - Chief Exec O | $246,071 | 5.34% |
| Shawn Hedden - Director Of | $126,794 | 2.75% |
The full Part VII table lists every officer, director, trustee and key employee named on the filing, with hours and the same summed total. Compensation is reported for the calendar year ending within the fiscal year, per the Form 990.
Board and Governance - Fiscal 2025
Board and policy answers as reported on the fiscal-2025 Form 990, filed Jun 30, 2026.
Board Roster - as Reported on the Fiscal-2025 Form 990
11 voting members, 11 independent - independence count as reported on the fiscal-2025 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| Joshua Gibb | Chief Exec O |
| Shawn Hedden | Director Of |
| David Erickson | Chairman |
| Dr Brian Plattner | Vice Chairma |
| Carol Shaw | Secretary |
| Jamie Yemm | Treasurer |
| Dr John McClean | Past Chairma |
| Dustin Courson | Board Member |
| Lisa Gavin | Board Member |
| Chad Long | Board Member |
| Amy Thompson | Board Member |
| Dr Adam Welty | Board Member |
Governance Policy Flags - Fiscal 2025
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyYes - Reported
Document Retention PolicyYes - Reported
Audited Financial StatementsYes - Reported
Audit CommitteeYes - Reported
Board Size and Independence11 voting / 11 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2025
Grants Made - Fiscal 2025
This organization reported $2,839,637 in grants paid in fiscal 2025.
| Recipient, as Reported | Amount |
|---|---|
| Alexis Community Fund | $10,100 |
| Alternatives For The Older Adult HUMAN SERVICE | $15,000 |
| Altona Immanuel Lutheran Church COMMUNITY ENHANCEMEN | $5,729 |
| Anna Sophia Johnson Fund For Impact GCF GRANTS, PROGRAMS | $25,000 |
| Anna Sophia Johnson Fund For The Ar GCF GRANTS, PROGRAMS | $25,000 |
| Blessings In A Backpack HUMAN SERVICE | $17,000 |
| Buchanan Center For The Arts ARTS & CULTURE | $15,613 |
| Cusd 205 Fine Arts Dept ARTS & CULTURE | $10,000 |
| Camp Big Sky HUMAN SERVICE | $15,500 |
| Carl Sandburg College EDUCATION | $51,033 |
| Carl Sandburg College - Accounts Re EDUCATION | $195,133 |
| Carolyn Christena Charitable Fund OTHER | $176,554 |
| Casa Of West Central Illinois HUMAN SERVICE | $22,700 |
| Celia Godsil Charitable Fund OTHER | $176,554 |
| Children'S Grief Camp HUMAN SERVICE | $5,750 |
| Choral Dynamics Of Galesburg Inc ARTS & CULTURE | $9,500 |
| Christian Church Of Abingdon HUMAN SERVICE | $6,000 |
| City Of Galesburg COMMUNITY ENHANCEMEN | $12,579 |
| City Of Knoxville COMMUNITY ENHANCEMEN | $18,835 |
| Claudia Button Charitable Fund OTHER | $176,554 |
| Costa Catholic Academy EDUCATION | $11,792 |
| Cynthia Cutter Charitable Fund OTHER | $176,554 |
| Evansville Museum Of Arts History EDUCATION | $30,000 |
| Evansville Philharmonic Orchestra ARTS & CULTURE | $30,000 |
| Family Outreach Community Center HUMAN SERVICE | $10,000 |
| First Assembly Of God Church Of Abi COMMUNITY ENHANCEMEN | $13,000 |
| Fish Of Galesburg HUMAN SERVICE | $38,200 |
| Galesburg Christian School EDUCATION | $10,000 |
| Galesburg Community Arts Center ARTS & CULTURE | $84,295 |
| Galesburg Community Chorus ARTS & CULTURE | $6,280 |
| Galesburg Community News Inc COMMUNITY ENHANCEMEN | $35,000 |
| Galesburg Cusd 205 HUMAN SERVICE | $21,828 |
| Galesburg Museums Inc EDUCATION | $34,323 |
| Galesburg Public Library Foundation EDUCATION | $6,108 |
| Galesburg Rescue Mission And Women' HUMAN SERVICE | $41,621 |
| Galesburg Youth Athletic Club HUMAN SERVICE | $6,050 |
| Godsil Legacy Fund COMMUNITY ENHANCEMEN | $10,000 |
| Habitat For Humanity Of Knox County HUMAN SERVICE | $10,000 |
| Helping Hands Of Roseville Inc HUMAN SERVICE | $10,000 |
| Henderson County Health Department HEALTH | $7,000 |
| Henderson County Historical Society EDUCATION | $20,000 |
| Henderson County Rural Health Cente HEALTH | $11,820 |
| Henderson Knox Mercer Warren Region EDUCATION | $38,121 |
| Historic Ellisville Restoration Org COMMUNITY ENHANCEMEN | $14,695 |
| Jamieson Community Center Inc HUMAN SERVICE | $36,532 |
| Junior League Of Evansville HUMAN SERVICE | $102,309 |
| Knox College ARTS & CULTURE | $44,500 |
| Knox County Agricultural Board And COMMUNITY ENHANCEMEN | $5,200 |
| Knox County Community Artisans ARTS & CULTURE | $5,500 |
| Knox County Housing Authority HUMAN SERVICE | $56,570 |
| Knox County Humane Society ANIMALS | $6,993 |
| Knox Prairie Community Kitchen HUMAN SERVICE | $7,000 |
| Knox-Galesburg Symphony ARTS & CULTURE | $34,030 |
| Knox-Galesburg Symphony Endowment F ARTS & CULTURE | $8,241 |
| Knoxville Cusd 202 EDUCATION | $11,130 |
| Knoxville United Methodist Church HUMAN SERVICE | $6,250 |
| Lindstrom Family Endowment Fund OTHER | $5,203 |
| Loving Bottoms Diaper Bank HUMAN SERVICE | $12,350 |
| Lutheran Social Services Of Illinoi HUMAN SERVICE | $10,000 |
| Maple City Area Partnership NONPROFIT CAPACITY | $7,500 |
| Monmouth Community Fund | $10,250 |
| National Stearman Fly-In Nfp Inc EDUCATION | $6,700 |
| National Stearman Foundation EDUCATION | $26,671 |
| Older Americans Of Knox Inc HUMAN SERVICE | $7,029 |
| Prairie Players Civic Theatre ARTS & CULTURE | $10,700 |
| Prairie Rivers Network EDUCATION | $10,000 |
| Prairie State Legal Services Inc HUMAN SERVICE | $5,200 |
| Rainbow Riders Therapeutic Horsebac HUMAN SERVICE | $16,200 |
| Ransom Memorial Library Historical COMMUNITY ENHANCEMEN | $80,000 |
| Ronald McDonald House Charities Of HEALTH | $7,500 |
| Roseville Kids Place HUMAN SERVICE | $45,000 |
| Rowva Food Pantryunited Church Of HUMAN SERVICE | $6,000 |
| Rural Schools Collaborative EDUCATION | $10,900 |
| Safe Harbor Family Crisis Center HUMAN SERVICE | $12,400 |
| Salvation Army HUMAN SERVICE | $31,500 |
| See Learn Succeed Foundation HUMAN SERVICE | $6,341 |
| Special Olympics Illinois HUMAN SERVICE | $11,000 |
| Strom Center Inc HEALTH | $10,300 |
| The Orpheum Theatre ARTS & CULTURE | $64,763 |
| The Rotary Foundation HUMAN SERVICE | $7,500 |
| Thrive Community Services HUMAN SERVICE | $21,750 |
| Timmons Family Fund For Salvation A HUMAN SERVICE | $7,594 |
| Triumph Services Inc HUMAN SERVICE | $21,000 |
| Trols Inc COMMUNITY ENHANCEMEN | $5,859 |
| Turning Point Child Advocacy Center HUMAN SERVICE | $6,000 |
| United Cusd 304 EDUCATION | $22,941 |
| United Teacher Mini Grant Fund EDUCATION | $7,541 |
| United Way Of West Central Illinois HUMAN SERVICE | $21,000 |
| Village Of Oquawka COMMUNITY ENHANCEMEN | $10,000 |
| Vna Community Services HUMAN SERVICE | $33,700 |
| Warren Achievement Center HUMAN SERVICE | $26,000 |
| Warren County Agricultural Fair COMMUNITY ENHANCEMEN | $31,000 |
| Warren County Public Transit HUMAN SERVICE | $22,750 |
| Willard Public Library EDUCATION | $30,000 |
| Williamsfield Area Food Pantry And HUMAN SERVICE | $6,000 |
| $80,219 |
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2024 (Prior-Year Column on the Fiscal-2025 Filing) | $5,772,670 | - |
| Fiscal 2025 | $7,540,349 | +30.6% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Jan 1, 2025 - Dec 31, 2025 | Form 990 | In Force - Filed Jun 30, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.