1ST SOURCE BANK FOUNDATION INC
Cite this
Plain text 1ST SOURCE BANK FOUNDATION INC. furp.org, nonprofit organization profile, tax years 2019–2025. https://furp.org/org/1st-source-bank-foundation-inc-356034211. Retrieved 2026-11-01.
APA furp.org. (n.d.). 1ST SOURCE BANK FOUNDATION INC [Nonprofit organization profile; tax years 2019–2025]. Retrieved November 1, 2026, from https://furp.org/org/1st-source-bank-foundation-inc-356034211
MLA “1ST SOURCE BANK FOUNDATION INC.” furp.org, tax years 2019–2025, https://furp.org/org/1st-source-bank-foundation-inc-356034211. Accessed 1 Nov. 2026.
Retrieved 2026-11-01; covers tax years 2019–2025. Data: furp.org, CC BY 4.0.
2025 · Form 990PF · revenue $3.8M · expenses $2.5M · assets $36.5M
- EIN
- 35-6034211
- Address
- PO BOX 1602, SOUTH BEND, IN 46634-1602
- NTEE code
- -
- Exempt type
- 501(c)(3): charitable, religious, educational, scientific or literary (corporation)
- Ruling date
- August 1954 (when the IRS recognized its exemption)
- IRS status
- Exempt (unconditional) (IRS Business Master File) IRS data ↗
- Tax-deductible donations
- Yes: listed in IRS Publication 78 (private foundation) Pub 78 ↗
- Foundation status
- Private non-operating foundation
- Cross-check
- ProPublica Nonprofit Explorer
Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).
People paid by the organization
4 people paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.
| Name | Latest title | Years | Latest year pay | Total pay from here | Organizations |
|---|---|---|---|---|---|
| 1st Source Bank Institution | AGENT | 2019-2025 | $172,735 | $1,010,331 | 51 |
| Todd Schurz | Board Member | 2022-2025 | $5,000 | $20,000 | 1 |
| John Affleck-Graves | Board Member | 2019-2025 | $2,500 | $17,500 | 3 |
| Isaac Torres | Board Member | 2022-2025 | $5,000 | $10,000 | 1 |
Officers and directors, no compensation reported
9 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.
| Name | Latest title | Years | Hrs/wk (latest) | Compensation | Organizations |
|---|---|---|---|---|---|
| Christopher J Murphy III | PRESIDENT | 2019-2025 | 0 | $0 reported | 5 |
| Andrea Short | VICE PRESIDENT | 2019-2025 | 0 | $0 reported | 1 |
| Kevin Murphy | TREASURER | 2019-2025 | 0 | $0 reported | 1 |
| Ann Rathburn-Lacopo | Secretary | 2022-2025 | 0 | $0 reported | 1 |
| Ron Zeltwanger | Board Member | 2019-2025 | 0 | $0 reported | 1 |
| Christopher J Murphy (former) | PRESIDENT | 2020-2021 | 1 | $0 reported | 1 |
| James Seitz (former) | DIRECTOR | 2019-2021 | 1 | $0 reported | 1 |
| John Phair (former) | DIRECTOR | 2019-2021 | 1 | $0 reported | 1 |
| Rex Martin (former) | DIRECTOR | 2019 | 1 | $0 reported | 3 |
People by year
2025 · 9 people listed · 4 paid, $185K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| 1st Source Bank Institution | AGENT | 0 | $172,735 | - | - | $172,735 | 51 |
| Isaac Torres | Board Member | 0 | $5,000 | - | - | $5,000 | 1 |
| Todd Schurz | Board Member | 0 | $5,000 | - | - | $5,000 | 1 |
| John Affleck-Graves | Board Member | 0 | $2,500 | - | - | $2,500 | 3 |
| CHRISTOPHER J MURPHY III | PRESIDENT | 0 | $0 | - | - | $0 | 5 |
| ANDREA SHORT | VICE PRESIDENT | 0 | $0 | - | - | $0 | 1 |
| KEVIN MURPHY | TREASURER | 0 | $0 | - | - | $0 | 1 |
| Ron Zeltwanger | Board Member | 0 | $0 | - | - | $0 | 1 |
| Ann Rathburn-Lacopo | Secretary | 0 | $0 | - | - | $0 | 1 |
2024 · 9 people listed · 3 paid, $173K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| 1st Source Bank Institution | AGENT/TRUSTEE | 0 | $162,956 | - | - | $162,956 | 51 |
| John Affleck-Graves | Board Member | 0 | $5,000 | - | - | $5,000 | 3 |
| Todd Schurz | Board Member | 0 | $5,000 | - | - | $5,000 | 1 |
| CHRISTOPHER J MURPHY III | PRESIDENT | 0 | $0 | - | - | $0 | 5 |
| ANDREA SHORT | VICE PRESIDENT | 0 | $0 | - | - | $0 | 1 |
| KEVIN MURPHY | TREASURER | 0 | $0 | - | - | $0 | 1 |
| ANN RATHBURN-LACOPO | SECRETARY | 0 | $0 | - | - | $0 | 1 |
| Isaac Torres | Board Member | 0 | $0 | - | - | $0 | 1 |
| Ron Zeltwanger | Board Member | 0 | $0 | - | - | $0 | 1 |
2023 · 9 people listed · 4 paid, $159K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| 1st Source Bank Institution | AGENT/TRUSTEE | 0 | $144,230 | - | - | $144,230 | 51 |
| John Affleck-Graves | Board Member | 0 | $5,000 | - | - | $5,000 | 3 |
| Isaac Torres | Board Member | 0 | $5,000 | - | - | $5,000 | 1 |
| Todd Schurz | Board Member | 0 | $5,000 | - | - | $5,000 | 1 |
| CHRISTOPHER J MURPHY III | PRESIDENT | 0 | $0 | - | - | $0 | 5 |
| ANDREA SHORT | VICE PRESIDENT | 0 | $0 | - | - | $0 | 1 |
| KEVIN MURPHY | TREASURER | 0 | $0 | - | - | $0 | 1 |
| ANN RATHBURN-LACOPO | SECRETARY | 0 | $0 | - | - | $0 | 1 |
| Ron Zeltwanger | Board Member | 0 | $0 | - | - | $0 | 1 |
2022 · 9 people listed · 3 paid, $125K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| 1st Source Bank Institution | AGENT/TRUSTEE | 0 | $115,138 | - | - | $115,138 | 51 |
| John Affleck-Graves | Board Member | 0 | $5,000 | - | - | $5,000 | 3 |
| Todd Schurz | Board Member | 0 | $5,000 | - | - | $5,000 | 1 |
| CHRISTOPHER J MURPHY III | PRESIDENT | 0 | $0 | - | - | $0 | 5 |
| ANDREA SHORT | VICE PRESIDENT | 0 | $0 | - | - | $0 | 1 |
| KEVIN MURPHY | TREASURER | 0 | $0 | - | - | $0 | 1 |
| ANN RATHBURN-LACOPO | SECRETARY | 0 | $0 | - | - | $0 | 1 |
| Isaac Torres | Board Member | 0 | $0 | - | - | $0 | 1 |
| Ron Zeltwanger | Board Member | 0 | $0 | - | - | $0 | 1 |
2021 · 8 people listed · 1 paid, $156K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| 1ST SOURCE BANK Institution | TRUSTEE | 0 | $155,795 | - | - | $155,795 | 51 |
| CHRISTOPHER J MURPHY | PRESIDENT | 1 | $0 | - | - | $0 | 1 |
| JAMES SEITZ | DIRECTOR | 1 | $0 | - | - | $0 | 1 |
| JOHN AFFLECK GRAVES | DIRECTOR | 1 | $0 | - | - | $0 | 3 |
| JOHN PHAIR | DIRECTOR | 1 | $0 | - | - | $0 | 1 |
| ANDREA SHORT | VICE PRESIDENT | 1 | $0 | - | - | $0 | 1 |
| RON ZELTWANGER | DIRECTOR | 1 | $0 | - | - | $0 | 1 |
| KEVIN MURPHY | TREASURER | 1 | $0 | - | - | $0 | 1 |
2020 · 8 people listed · 1 paid, $130K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| 1ST SOURCE BANK Institution | TRUSTEE | 0 | $130,379 | - | - | $130,379 | 51 |
| CHRISTOPHER J MURPHY | PRESIDENT | 1 | $0 | - | - | $0 | 1 |
| JAMES SEITZ | DIRECTOR | 1 | $0 | - | - | $0 | 1 |
| JOHN AFFLECK GRAVES | DIRECTOR | 1 | $0 | - | - | $0 | 3 |
| JOHN PHAIR | DIRECTOR | 1 | $0 | - | - | $0 | 1 |
| ANDREA SHORT | VICE PRESIDENT | 1 | $0 | - | - | $0 | 1 |
| RON ZELTWANGER | DIRECTOR | 1 | $0 | - | - | $0 | 1 |
| KEVIN MURPHY | TREASURER | 1 | $0 | - | - | $0 | 1 |
2019 · 9 people listed · 1 paid, $129K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| 1ST SOURCE BANK Institution | TRUSTEE | 0 | $129,098 | - | - | $129,098 | 51 |
| REX MARTIN | DIRECTOR | 1 | $0 | - | - | $0 | 3 |
| JAMES SEITZ | DIRECTOR | 1 | $0 | - | - | $0 | 1 |
| CHRISTOPHER MURPHY III | DIRECTOR | 1 | $0 | - | - | $0 | 5 |
| JOHN AFFLECK GRAVES | DIRECTOR | 1 | $0 | - | - | $0 | 3 |
| JOHN PHAIR | DIRECTOR | 1 | $0 | - | - | $0 | 1 |
| ANDREA SHORT | MEMBER | 1 | $0 | - | - | $0 | 1 |
| RON ZELTWANGER | MEMBER | 1 | $0 | - | - | $0 | 1 |
| KEVIN MURPHY | MEMBER | 1 | $0 | - | - | $0 | 1 |
Highest-paid independent contractors
No independent contractors reported.
Who the money went to
Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.
2025 · 96 grants to organizations · $2.2M
2024 · 93 grants to organizations · $2.0M
2023 · 86 grants to organizations · $2.0M
2022 · 92 grants to organizations · $2.2M
2021 · 82 grants to organizations · $2.0M
2020 · 83 grants to organizations · $1.8M
2019 · 113 grants to organizations · $1.7M
Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.
Who gave
Contributors listed on Schedule B of the Form 990-PF: name, city and state as filed (street addresses are not shown), with total and noncash contributions for the year. A link to an organization's page is tagged Fuzzy with its name-similarity score (0 to 1) when it rests on name and state; Schedule B lists no EIN, so no link here is an exact identifier match.
2025 · 1 contributor · $1.0M
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 1 | 1st Source Bank | Organization or other | South Bend, IN | $1,000,000 | - | Form 990PF Sch. B, 2025 · filing |
2024 · 1 contributor · $1.0M
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 1 | 1st Source Bank | Organization or other | South Bend, IN | $1,000,000 | - | Form 990PF Sch. B, 2024 · filing |
2021 · 1 contributor · $3.0M
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 1 | 1ST SOURCE BANK | Organization or other | SOUTH BEND, IN | $3,000,000 | $3,000,000 | Form 990PF Sch. B, 2021 · filing |
Contributors listed here are as reported on the filing. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
Finances
Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2025 · Form 990PF | ||||||||
| $3,800,064 | $2,488,250 | $36,533,907 | $36,533,907 | $1,000,000 | - | $185,235 | - | - |
| 2024 · Form 990PF | ||||||||
| $3,921,568 | $2,277,199 | $35,235,229 | $35,235,229 | $1,000,000 | - | $172,956 | - | - |
| 2023 · Form 990PF | ||||||||
| $2,976,578 | $2,291,798 | $33,597,071 | $33,597,071 | - | - | $159,230 | - | - |
| 2022 · Form 990PF | ||||||||
| $2,334,993 | $2,406,487 | $32,901,547 | $32,901,547 | $0 | - | $125,138 | - | - |
| 2021 · Form 990PF | ||||||||
| $5,399,779 | $2,189,584 | $32,972,907 | $32,972,907 | $3,000,000 | - | $155,795 | - | - |
| 2020 · Form 990PF | ||||||||
| $2,687,641 | $1,981,961 | $29,771,285 | $29,771,285 | - | - | $130,379 | - | - |
| 2019 · Form 990PF | ||||||||
| $1,534,350 | $1,877,655 | $29,090,432 | $29,090,432 | - | - | $129,098 | - | - |
Connected to
Organizations that list some of the same people on their returns (officers, directors, key employees on this organization’s latest return), and related organizations it lists on Schedule R.
- CPEG Foundation Inc Granger, IN · 2 people in common (Christopher J Murphy III, John Affleck-Graves)
- Corporate Partnership for Economic Growth Inc Elkhart, IN · 2 people in common (Christopher J Murphy III, John Affleck-Graves)
- CARMICHAEL FOUNDATION INC South Bend, IN · 1 person in common (Christopher J Murphy III)
- MEDICAL EDUCATION FOUNDATION INC South Bend, IN · 1 person in common (Christopher J Murphy III)
Funders of this organization
Not reported: no grants to this organization appear in the filings we have (tax years 2010 to 2025).
Nearby + Similar BETA
Organizations like this one: what they do and who they are linked to
Same category: NTEE code and revenue
Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (99)
| Organization | State | NTEE | Latest revenue | Latest expenses | Top-paid title | Top pay | Why similar |
|---|---|---|---|---|---|---|---|
| RESOURCE FOUNDATION INC | NY | Not reported | $2,014,773 | $2,053,059 | EXECUTIVE DIRECTOR | $110,833 | Similar name, revenue within 2x |
| SERVICESOURCE FOUNDATION INC | VA | P11 | $2,656,662 | $1,299,429 | President/CEO | $668,285 | Similar name, revenue within 2x |
| BABA FOUNDATION INC | FL | T20 | $6,001,151 | $0 | PRESIDENT | $0 | Similar name, revenue within 2x |
| BARR FOUNDATION INC | KY | T20 | $2,221,699 | $298,493 | PRESIDENT | $0 | Similar name, revenue within 2x |
| UNION SAVINGS BANK FOUNDATION INC | CT | T20 | $2,083,253 | $829,857 | CHAIR | $0 | Similar name, revenue within 2x |
| BAJ FOUNDATION INC | IN | T21 | $842,045 | $451,516 | DIRECTOR | $0 | Similar name, revenue within 5x, same state |
| FOUNDATION SOURCE 1410 INC | DE | T20 | $1,534,373 | $354,144 | Co- Pres, Dir | $0 | Similar name, revenue within 5x |
| ION BANK FOUNDATION INC | CT | T22 | $1,176,316 | $1,285,776 | EXECUTIVE DIRECTOR | $75,000 | Similar name, revenue within 5x |
| FOUNDATION SOURCE 002100 INC | DE | T22 | $1,428,300 | $946,770 | Dir, Pres | $0 | Similar name, revenue within 5x |
| SOUTHERN BANK FOUNDATION | NC | T22 | $1,480,995 | $1,204,549 | Director | $0 | Similar name, revenue within 5x |
| THE RESOURCE FOUNDATION INC | CT | Not reported | $909,064 | $1,417,440 | CHAIRMAN | $190,202 | Similar name, revenue within 5x |
| PEOPLES BANK FOUNDATION INC | OH | T21 | $841,809 | $785,002 | DIRECTOR | $0 | Similar name, revenue within 5x |
| REPUBLIC BANK FOUNDATION INC | KY | T22 | $1,439,600 | $1,637,529 | PRESIDENT | $0 | Similar name, revenue within 5x |
| FOUR-FOUR FOUNDATION INC | NY | T00 | $1,354,054 | $2,645,764 | PRESIDENT,TREASURER,DIRECTOR | $0 | Similar name, revenue within 5x |
| STOCK YARDS BANK FOUNDATION INC | KY | T22 | $1,300,843 | $406,913 | OFFICER | $0 | Similar name, revenue within 5x |
| BERKSHIRE BANK FOUNDATION INC | MA | T22 | $1,005,693 | $2,258,440 | SECRETARY | $249,710 | Similar name, revenue within 5x |
| SOL FOUNDATION INC | IN | T20 | $25,017,976 | $89,482 | DIRECTOR | $0 | Similar name, revenue within 10x, same state |
| BANKS FOUNDATION INC | VA | Not reported | $391,811 | $155,335 | PRESIDENT | $0 | Similar name, revenue within 10x |
| FIRST COUNTY BANK FOUNDATION INC | CT | T22 | $488,627 | $644,250 | PRESIDENT | $0 | Similar name, revenue within 10x |
| HEALTH 1ST FOUNDATION INC | GA | Not reported | $705,515 | $355,777 | CHAIRMAN | $36,000 | Similar name, revenue within 10x |
| SONI FOUNDATION INC | TX | P99 | $507,914 | $60,633 | Treasurer | $0 | Similar name, revenue within 10x |
| BANK OF UTICA FOUNDATION INC | NY | Not reported | $439,455 | $613,990 | CHAIRMAN & SECRETARY | $0 | Similar name, revenue within 10x |
| SON FOUNDATION INC | IN | G19 | $145,279 | $121,189 | EXEC DIR/TRE | $14,702 | Similar name, revenue differs more than 10x, same state |
| RED BANK REGIONAL SOURCE FOUNDATION INC | NJ | B80 | $333,794 | $269,119 | TREASURER | $0 | Similar name, revenue differs more than 10x |
| HR SOURCE FOUNDATION INC | MD | G12 | $26,500 | $26,500 | Executive Director | $0 | Similar name, revenue differs more than 10x |
Who funds organizations like this
Grantors that funded the 99 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).
The full list · all similar organizations
Where the money went
Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
2025 · Form 990PF · $2,488,250 spent · pay $185,235 · grants $2,209,262 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $2,209,262 | 88.8% | |
| Pay: officers, directors, trustees | $185,235 | 7.4% | |
| Taxes | $57,294 | 2.3% | |
| Other expenses | $34,109 | 1.4% | |
| Fees: accounting | $2,350 | 0.1% | |
| Total | $2,488,250 | 100% |
2024 · Form 990PF · $2,277,199 spent · pay $172,956 · grants $2,004,878 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $2,004,878 | 88.0% | |
| Pay: officers, directors, trustees | $172,956 | 7.6% | |
| Taxes | $54,056 | 2.4% | |
| Other expenses | $42,959 | 1.9% | |
| Fees: accounting | $2,350 | 0.1% | |
| Total | $2,277,199 | 100% |
2023 · Form 990PF · $2,291,798 spent · pay $159,230 · grants $2,043,188 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $2,043,188 | 89.2% | |
| Pay: officers, directors, trustees | $159,230 | 6.9% | |
| Taxes | $58,837 | 2.6% | |
| Other expenses | $28,098 | 1.2% | |
| Fees: accounting | $2,445 | 0.1% | |
| Total | $2,291,798 | 100% |
2022 · Form 990PF · $2,406,487 spent · pay $125,138 · grants $2,203,696 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $2,203,696 | 91.6% | |
| Pay: officers, directors, trustees | $125,138 | 5.2% | |
| Taxes | $50,914 | 2.1% | |
| Other expenses | $24,639 | 1.0% | |
| Fees: accounting | $2,100 | 0.1% | |
| Total | $2,406,487 | 100% |
2021 · Form 990PF · $2,189,584 spent · pay $155,795 · grants $1,981,900 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $1,981,900 | 90.5% | |
| Pay: officers, directors, trustees | $155,795 | 7.1% | |
| Other expenses | $28,311 | 1.3% | |
| Taxes | $21,678 | 1.0% | |
| Fees: accounting | $1,900 | 0.1% | |
| Total | $2,189,584 | 100% |
2020 · Form 990PF · $1,981,961 spent · pay $130,379 · grants $1,807,976 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $1,807,976 | 91.2% | |
| Pay: officers, directors, trustees | $130,379 | 6.6% | |
| Other expenses | $24,285 | 1.2% | |
| Taxes | $17,421 | 0.9% | |
| Fees: accounting | $1,900 | 0.1% | |
| Total | $1,981,961 | 100% |
2019 · Form 990PF · $1,877,655 spent · pay $129,098 · grants $1,724,844 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $1,724,844 | 91.9% | |
| Pay: officers, directors, trustees | $129,098 | 6.9% | |
| Taxes | $21,813 | 1.2% | |
| Fees: accounting | $1,900 | 0.1% | |
| Total | $1,877,655 | 100% |
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