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Filing year 2024

George Sohrt Trust CO First State Bank and Trust

Monticello, Illinois·EIN 37-6122163·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$265k
Total assets
$1.2M
Total expenses
$285k
Reported officers
1

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Illinois.

Trustee
Board Member
Median to 75th percentile
$25k
$27k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at George Sohrt Trust CO First State Bank and Trust equaled 9% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
9%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$200k

Itemized grants

4

Median grant

$50k

RecipientLocationPurposeAmount
UNITED CHURCH OF ATWOODATWOOD, ILGENERAL OPERATING$50k
BOURBON BAPTIST CHURCHTUSCOA, ILGENERAL OPERATING$50k
IMMANUEL LUTHERAN CHURCHTUSCOLA, ILGENERAL OPERATING$50k
ZION UNITED CHURCH OF CHRISTARTHUR, ILGENERAL OPERATING$50k

Down 23%
from 2023

From $32k in 2023 to $25k in 2024.

$32k
2023
$25k
2024
In today's dollarsEst.
Down 25% in real terms$36k to $27k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay fell 23% from 2023 to 2024, while revenue fell 16%.

$32k in 2023 to $25k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about George Sohrt Trust CO First State Bank and Trust

What does the Board Member of George Sohrt Trust CO First State Bank and Trust earn?

In 2024, the Board Member of George Sohrt Trust CO First State Bank and Trust received $24,943 in total compensation. This pay is above the median (the midpoint) for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Illinois, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at George Sohrt Trust CO First State Bank and Trust compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Illinois, the 2024 pay of the Board Member at George Sohrt Trust CO First State Bank and Trust falls between the median and the 75th percentile. In 2024, the highest total compensation at George Sohrt Trust CO First State Bank and Trust equaled 9% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are George Sohrt Trust CO First State Bank and Trust's revenue and expenses?

In 2024, George Sohrt Trust CO First State Bank and Trust reported $265k in total revenue and $285k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.