Joliet Will County Center For Economic Development
- Assets
- $147.0k
- Revenue
- $34.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Joliet, IL
- Founding
- 09/1988
- Data as of
- 12/2015
- EIN
- 36-3174683
Organization Overview
Joliet Will County Center For Economic Development, operating under the name Will County Economic Development Foundation, is located in Joliet, IL. The organization was established in 1988. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic 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. Will County Economic Development Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO PROMOTE STRONG WORKING RELATIONSHIPS BETWEEN BUSINESS, EDUCATION AND SOCIAL SERVICE AGENCIES THAT SUPPORTS WILL COUNTY'S COMMUNITY AND ECONOMIC DEVELOPMENT INITIATIVES, PREPARE AND SUPPORT LOCATION ELECTED AND APPOINTED OFFICIALS IN THE DEVELOPMENT AND IMPLEMENTATION OF SUCCESSFUL COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAMS THAT ENHANCE BUSINESS GROWTH, EXPAND THE TAX BASE AND PRESERVE A HIGH QUALITY OF LIFE, AND PREPARE YOUNG PEOPLE FOR SUCCESS IN LIFE AND CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WILL COUNTY CARES - THE WILL COUNTY CARES PROJECT IS DESIGNED TO BRING BUSINESS, EDUCATION AND THE SOCIAL SERVICES IN WILL COUNTY TOGETHER TO COLLABORATE ON THE DEVELOPMENT OF THE SKILLS, BEHAVIORS AND TRAITS IN YOUNG PEOPLE TO ASSIST THEM IN BEING SUCCESSFUL IN LIFE AND CAREER.
OTHER MISCELLANEOUS EXPENSES.
DREAM IT DO IT - THE FOUNDATION IS PARTNERING WITH THE NATIONAL ASSOCIATION OF MANUFACTURERS IN INCREASING THE AWARENESS OF CAREER OPPORTUNITIES TO YOUNG PEOPLE IN MANUFACTURING.
COMMUNITY TRAINING - THE FOUNDATION PROVIDES COMMUNITY AND ECONOMIC DEVELOPMENT TRAINING SESSIONS TO LOCAL ELECTED AND APPOINTED OFFICIALS TO IMPROVE LOCAL DEVELOPMENT PROGRAMS SUPPORTED BY THE PUBLIC SECTOR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Greuling President & CEO | OfficerTrustee | 20 | $52,779 |
Scott Paddock Chairman Of The Board | OfficerTrustee | 1 | $0 |
Jim Hock Director | OfficerTrustee | 1 | $0 |
Bob Filitto Secretary/treasurer | OfficerTrustee | 1 | $0 |
Tom Osterberger General Counsel | Trustee | 1 | $0 |
Rodney Tonelli Director | Trustee | 1 | $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 | $34,694 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,694 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,661 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,222 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,106 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,709 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,170 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,362 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $117,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,414 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,896 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $94 |
| Net Land, buildings, and equipment | $17,420 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,177 |
| Total assets | $147,001 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $122,105 |
| Temporarily restricted net Assets | $24,896 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $147,001 |