Canal Corridor Association
- Assets
- $1.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- La Salle, IL
- Founding
- 06/1982
- Data as of
- 12/2022
- EIN
- 36-3179758
Organization Overview
Canal Corridor Association is located in La Salle, IL. The organization was established in 1982. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canal Corridor Association 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 12/2022, Canal Corridor Association generated $1.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $651.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION, ENHANCEMENT AND PROTECTION OF THE NATURAL, CULTURAL, ENVIRONMENTAL AND ECONOMIC HEALTH OF THE ILLINOIS & MICHIGAN CANAL NATIONAL HERITAGE CORRIDOR AND EDUCATION OF ITS RESIDENTS AND VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION, ENHANCEMENT AND PROTECTION OF THE NATURAL, CULTURAL, ENVIRONMENTAL AND ECONOMIC HEALTH OF THE I & M CANAL NATIONAL HERITAGE CORRIDOR AN THE EDUCATION OF ITS RESIDENTS AND VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana B Koval Aicp President/ce | OfficerTrustee | 40 | $102,003 |
Matthew Bertani Director | Trustee | $0 | |
Dennis J Bieschke Director | Trustee | $0 | |
Cricket Trutter Hauff Secretary | OfficerTrustee | $0 | |
Jeffrey Julkowski Treasurer | OfficerTrustee | $0 | |
Judith Kerr Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $854,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $948,401 |
| Total Program Service Revenue | $19,691 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,685 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $40,790 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,042,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $102,003 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,460 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,371 |
| Payroll taxes | $28,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,657 |
| Advertising and promotion | $31,735 |
| Office expenses | $3,791 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,094 |
| Travel | $6,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,986 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,863 |
| Insurance | $33,055 |
| All other expenses | $1,356 |
| Total functional expenses | $651,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,548 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $640,000 |
| 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 | $48,834 |
| Prepaid expenses and deferred charges | $21,161 |
| Net Land, buildings, and equipment | $838,428 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,596,971 |
| Accounts payable and accrued expenses | $59,587 |
| 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 | $841,383 |
| Other liabilities | $0 |
| Total liabilities | $900,970 |
| Net assets without donor restrictions | $696,001 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,596,971 |