Rockford Area Strategic Initiatives
- Assets
- $25.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 06/2010
- Data as of
- 12/2021
- EIN
- 27-0964918
Organization Overview
Rockford Area Strategic Initiatives is located in Rockford, IL. The organization was established in 2010. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, 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. Rockford Area Strategic Initiatives is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Rockford Area Strategic Initiatives generated $83.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $133.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 6 years. 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
2021
Describe the Organization's Program Activity:
Part 3
ENHANCE EDUCATION, COMMERCE, TRADE AND ECONOMIC DEVELOPMENT IN THE ROCKFORD REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Berg Director | 5 | $0 | |
David Forward Director | 5 | $0 | |
George Gaulrapp Director | 5 | $0 | |
Alan Golden Director | 5 | $0 | |
Michael Gronewold Director | 5 | $0 | |
Joel Sjostrom Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,200 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $83,200 |
| 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 | $26,441 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,736 |
| Total expenses | $133,377 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,490 |
| Other assets | $0 |
| Total assets | $25,868 |
| Total liabilities | $37,627 |
| Net assets or fund balances | -$11,759 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rockford Area Strategic Initiatives has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Northern Illinois Rockford, IL PURPOSE: FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Womens Business Development Center Chicago, IL | $6,715,757 | $38,492,133 |
Wisconsin Womens Business Initiative Corporation Milwaukee, WI | $42,014,379 | $10,583,804 |
Allies For Community Business Inc Chicago, IL | $54,726,016 | $12,452,578 |
Small Business Aid Inc Shipshewana, IN | $1,429,380 | $3,351,237 |
Bunker Labs Nfp Inc Chicago, IL | $3,938,287 | $4,312,612 |
Technology Entrepreneur Center Inc St Louis, MO | $14,793,185 | $1,740,629 |
Bioconnect Iowa Des Moines, IA | $1,127,931 | $1,803,790 |
Premier Capital Corporation Indianapolis, IN | $2,695,127 | $1,528,792 |
Startingblock Madison Inc Madison, WI | $3,788,993 | $962,585 |
South Central Ozark Council Of Governments Pomona, MO | $2,561,241 | $1,014,983 |
Growth Alliance For Greater Evansville Inc Evansville, IN | $3,067,417 | $736,027 |
Regional Development Company Valparaiso, IN | $1,015,697 | $931,106 |