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TERRACE FOUNDATION

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Tax-exempt status may be revoked

TERRACE FOUNDATION

EIN 20-2366003

What they do

SUPPORT of GALENA PARK TERRACE, AN IRC SECTION 501(C)(3) CHARITABLE ORGANIZATION PROVIDING CARE for THE ELDERLY. THE TERRACE FOUNDATION OWNS REAL ESTATE SURROUNDING THE GALENA PARK TERRACE FACILITY PROVIDING GREEN SPACE and BUFFER AREA FROM ADJACENT IMPROVED AREAS, AS WELL AS MAINTENANCE BUILDINGS USED BY GALENA PARK TERRACE.

Before you give

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Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders5 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

0.00%of revenue went to mission work100.0% of expenses · Program services
$925.36in assets for every $1 spent this yearSome assets cannot be spent right away.

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Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Expenses$36

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$36 · 100.0% of expenses
See all reported dollar amounts
Expenses$36
Assets$33,313
Mission work (program services)$36
People

Leadership and board

Tax year 2019

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (5)

DAN VONACHENSECY/TREAS/D

DEAN R BORDEAUXDIRECTOR

JAMES STOWELLV. PRES/DIRE

JUDITH OAKFORDDIRECTOR

WILLIAM WOMBACHERPRESIDENT/DI

About this charity

Location
108 S WOOD ST, WASHINGTON, IL 61571
County
Tazewell
In care of
WILLIAM WOMBACHER
Primary officer
WILLIAM WOMBACHER, PRESIDENT/DIRECTOR

How to reach them

Filing and classification

Latest tax year
2019
Tax period began
January 1, 2019
Return type
990EZ
Tax preparer
MESCHER RINEHART & REDLINGSHAFER PC
Revocation date
May 15, 2023

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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