NonprofitsWaverly C Workman Test Tr

Waverly C Workman Test Tr

CHAMPAIGN, IL

Total revenue

$1.1M

Total expenses

$353K

Net assets

$8.3M

Grants received

EIN

276370909

Tax year

2024

Mission

Trust established under the terms of the will of waverly c. Workman. According to the provisions in the will, the trustee will lease and manage the farm land real estate. The trustee shall distribute the net income annually from said farm land after necessary expenses and including a reasonable reserve fund for the next crop year, 1/3 each to the following non-profit organizations:1) illinois churches in action, 2)illinois great rivers annual conference of the united methodist church. Conference board of global ministries and 3)conference board of ordained ministry, which shall distribte said funds as scholarships or grants for illiois ministerial students to attend methodist/wesleyan seminaries.

Programs

2 programs

Illinois great rivers/united methodist/global miinistries

Expenses: $114KGrants: $114K

Illinois great rivers/united methodist/ordained ministry

Expenses: $114KGrants: $114K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$872K
Other revenue$214K
Total revenue$1.1M

Expenses

Grants paid$341K
Salaries & benefits$10K
Fundraising
Other expenses$2K
Total expenses$353K
Total assets$8.3M
Net assets$8.3M

People

1 listed

NameRoleCompensation

BUSEY BANK

TRUSTEE

Board

$10K

Details

EIN276370909
Subsection91
Ruling date0000-00
Formed2010
Employees0
WAVERLY C WORKMAN TEST TR — Mission, Financials & Grants Received | Grantivo