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Filing year 2024

VERL I BROOKS SCHOLARSHIP FOUNDATION

Galesburg, Illinois·EIN 36-3967580·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$65k
Total assets
$1.6M
Total expenses
$177k
Reported officers
3

Executive compensation

Form 990-PF · Part VIII · 3 reported individuals · Filing year 2024

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

Foundation M
Unclassified
$20k
$21k
Trustee
Board Member
10th to 25th percentile
$4k
$4k
Trustee
Board Member
10th to 25th percentile
$4k
$4k

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 VERL I BROOKS SCHOLARSHIP FOUNDATION equaled 11% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
11%
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

$143k

Itemized grants

18

Median grant

$7k

RecipientLocationPurposeAmount
RIVOLI FIRE PROTECTION DISTRICTNEW WINDSOR, ILPUBLIC SAFETY$20k
NEW WINDOSR PUBLIC LIBRARYNEW WINDSOR, ILEDUCATION$5k

Down 1%
from 2023

From $20k in 2023 to $20k in 2024.

$20k
2023
$20k
2024
In today's dollarsEst.
Down 4% in real terms$22k to $21k

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 held roughly steady from 2023 to 2024, while revenue fell 67%.

$4k in 2023 to $4k 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 VERL I BROOKS SCHOLARSHIP FOUNDATION

What does the Board Member of VERL I BROOKS SCHOLARSHIP FOUNDATION earn?

In 2024, the Board Member of VERL I BROOKS SCHOLARSHIP FOUNDATION received $4,000 in total compensation. This pay is in the bottom quarter for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Illinois, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at VERL I BROOKS SCHOLARSHIP FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Illinois, the 2024 pay of the Board Member at VERL I BROOKS SCHOLARSHIP FOUNDATION falls between the 10th and 25th percentiles. In 2024, the highest total compensation at VERL I BROOKS SCHOLARSHIP FOUNDATION equaled 11% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are VERL I BROOKS SCHOLARSHIP FOUNDATION's revenue and expenses?

In 2024, VERL I BROOKS SCHOLARSHIP FOUNDATION reported $65k in total revenue and $177k 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.