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Mary Lou McGrew Charitable Trust Prospect Bank

Paris, Illinois·EIN 37-6356800·NTEE T122 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)·Filing year 2024

Mary Lou McGrew Charitable Trust Prospect Bank's highest-paid officer, the Trustee, was reported at $28,706 for 2024 (IRS Form 990), including base pay and other compensation. Reported Trustee pay ranged from $27,678 to $28,706 between 2023 and 2024.

Total revenue
$196k
Total assets
$3.2M
Total expenses
$181k
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
$29k

Browse compensation in Philanthropy, Voluntarism & Grantmaking →

Top pay as a share of expenses

In 2024, the highest total compensation at Mary Lou McGrew Charitable Trust Prospect Bank equaled 16% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
16%
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

$147k

Itemized grants

1

Median grant

$147k

Up 4%
from 2023

From $28k in 2023 to $29k in 2024.

$28k
2023
$29k
2024
Pay for the position

Board Member pay rose 4% from 2023 to 2024, while revenue rose 17%.

$28k in 2023 to $29k 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.

Common questions about Mary Lou McGrew Charitable Trust Prospect Bank

What does the Board Member of Mary Lou McGrew Charitable Trust Prospect Bank earn?

In 2024, the Board Member of Mary Lou McGrew Charitable Trust Prospect Bank received $28,706 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 Mary Lou McGrew Charitable Trust Prospect Bank compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Illinois, the 2024 pay of the Board Member at Mary Lou McGrew Charitable Trust Prospect Bank falls between the median and the 75th percentile. In 2024, the highest total compensation at Mary Lou McGrew Charitable Trust Prospect Bank equaled 16% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are Mary Lou McGrew Charitable Trust Prospect Bank's revenue and expenses?

In 2024, Mary Lou McGrew Charitable Trust Prospect Bank reported $196k in total revenue and $181k 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.