Illinois Growth Enterprises Inc

Organization Overview

Illinois Growth Enterprises Inc is located in Loves Park, IL. The organization was established in 1972. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Growth Enterprises Inc 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 06/2023, Illinois Growth Enterprises Inc generated $342.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $241.5k during the year ending 06/2023. While expenses have increased by 10.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO EDUCATE AND PROMOTE THE WELFARE OF THE DEVELOPMENTALLY DISABLED IN NORTHERN ILLINOIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ILLINOIS GROWTH ENTERPRISES (IGE), AN AFFILIATE OF BRIDGEWAY, INC, IS A NOT-FOR-PROFIT ENTITY THAT SUPPORTS THE PROVISION OF COMPREHENSIVE VOCATIONAL SERVICES TO PERSONS WITH DISABILITIES IN WINNEBAGO AND BOONE COUNTIES IN ILLINOIS. THE OBJECTIVE OF IGE, THROUGH BRIDGEWAY, IS TO SERVE ANY PERSON WHO CAN BENEFIT FROM ITS ARRAY OF SERVICES WITHOUT REGARD TO DISABILITY, DEPENDENT STATUS, RACE, COLOR, NATIONAL ORIGIN OR AGE.


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Board, Officers & Key Employees

Name (title)Compensation
Bob Gough
Board Member
$0
Beau Ingledue
Board Member
$0
Libby Muldowney
Board Member
$0
William Nelson
CEO
$0
Johanna Petzel
Vice Chairman
$0
Michael Wilcop
Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$257,294
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$257,294
Total Program Service Revenue$0
Investment income $71,025
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $14,028
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $342,483

Grants Awarded

Over the last fiscal year, Illinois Growth Enterprises Inc has awarded $35,900 in support to 2 organizations.

Grant RecipientAmount

BRIDGEWAY INC

PURPOSE: SUPPORT CHARITABLE FUNCTION

$35,775

BRIDGEWAY FOUNDATION

PURPOSE: SUPPORT CHARITABLE FUNCTION

$125
View Grant Profile

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