Growth Dimensions For Belvidere- Boone County Inc
- Assets
- $422.7k
- Revenue
- $387.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Belvidere, IL
- Founding
- 01/1987
- Data as of
- 12/2023
- EIN
- 36-3196645
Organization Overview
Growth Dimensions For Belvidere- Boone County Inc is located in Belvidere, IL. The organization was established in 1987. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Growth Dimensions For Belvidere- Boone County Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Growth Dimensions For Belvidere- Boone County Inc 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 12/2023, Growth Dimensions For Belvidere- Boone County Inc generated $387.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $411.8k during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GROWTH DIMENSIONS PROMOTES ECONOMIC DEVELOPMENT IN BOONE COUNTY AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND GROWTH OF INDUSTRY AND COMMERCE FOR THE BELVIDERE AND BOONE COUNTY AREA.
GROWTH DIMENSIONS PROMOTES ECONOMIC DEVELOPMENT IN BOONE COUNTY AND THE SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Lopez-Fettes Executive Di | Officer | 40 | $109,565 |
John Wolf Trustee | Trustee | $0 | |
Robert Opperman President | Officer | $0 | |
Michael St John Treasurer | Officer | $0 | |
Matt Branom Trustee | Trustee | $0 | |
Clint Morris Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $257,100 |
| Fundraising events | $32,707 |
| Related organizations | $0 |
| Government grants | $7,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $383,062 |
| Total Program Service Revenue | $0 |
| Investment income | $4,620 |
| 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 | $387,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,300 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,664 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,479 |
| Payroll taxes | $18,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,950 |
| Office expenses | $4,046 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $4,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,666 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,944 |
| Insurance | $1,368 |
| All other expenses | $0 |
| Total functional expenses | $411,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $363,964 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,710 |
| 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 | $13,175 |
| Net Land, buildings, and equipment | $9,334 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $31,512 |
| Other assets | $0 |
| Total assets | $422,695 |
| Accounts payable and accrued expenses | $16,692 |
| Grants payable | $0 |
| Deferred revenue | $32,200 |
| 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 | $31,512 |
| Total liabilities | $80,404 |
| Net assets without donor restrictions | $342,291 |
| 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 | $422,695 |