Iroquois Economic Development
- Assets
- $127.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Watseka, IL
- Founding
- 03/1972
- Data as of
- 05/2022
- EIN
- 23-7161469
Organization Overview
Iroquois Economic Development is located in Watseka, IL. The organization was established in 1972. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iroquois Economic Development is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2022, Iroquois Economic Development generated $31.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $46.7k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Horner Director | 0 | $0 | |
Mike Tilstra Director | 0 | $0 | |
Roger Dittrich Director | 0 | $0 | |
Bill Krones Director | 0 | $0 | |
John Gooding Director | 0 | $0 | |
Kerry Bell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,050 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $293 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $31,343 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $38,440 |
| Occupancy, rent, utilities, and maintenance | $345 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,888 |
| Total expenses | $46,673 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $127,837 |
| Other assets | $0 |
| Total assets | $127,837 |
| Total liabilities | $0 |
| Net assets or fund balances | $127,837 |
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