Revitalize And Develop East Moline
- Assets
- $1.4m
- Revenue
- $194.6k
- Investments
- $0.0
- Employees
- 1
- Location
- East Moline, IL
- Founding
- 11/1992
- Data as of
- 12/2021
- EIN
- 36-3815927
Organization Overview
Revitalize And Develop East Moline is located in East Moline, IL. The organization was established in 1992. According to its NTEE Classification (S30) the organization is classified as: 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. Revitalize And Develop East Moline 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, Revitalize And Develop East Moline generated $194.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $185.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMMERCIAL, INDUSTRIAL AND RECREATIONAL DEVELOPMENT THAT ENHANCES BOTH THE TAX BASE AND THE QUALITY OF LIFE IN EAST MOLINE; PROVIDE FINANCIAL ASSISTANCE TO AND ENCOURAGE BUSINESSES TO LOCATE IN IDENTIFIED PROJECT AREAS; TARGET BUSINESSES WHICH WILL PROVIDE TRAINING FOR UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS AND SECURE UNSAFE PROPERTIES IN ECONOMICALLY DEPRESSED AREAS; AND OFFFER SITES ON FAVORABLE TERMS TO NEW OR EXISTING BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVERFRONT PROJECT-ACTIVITIES PURSUANT TO THE DEVELOPMENT OF RIVERFRONT AND DOWNTOWN PROPERTIES, INCLUDING MIXED-USE DEVELOPMENT, WETLANDS ENHANCEMENT, AND ENVIRONMENTAL CLEANUP.
PROPERTY TAX ON PROPERTY HELD FOR REVITALIZATION.
DOWNTOWN
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Knanishu Executive Vice President | OfficerTrustee | 32 | $85,000 |
Jay Morrow President | OfficerTrustee | 0.3 | $0 |
Jennifer Hirsch Treasurer | OfficerTrustee | 0.3 | $0 |
Kurt Donnelly Secretary & Vice President | OfficerTrustee | 0.3 | $0 |
Larry Anderson Director | Trustee | 0.3 | $0 |
Robert Baecke Director | Trustee | 0.3 | $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 | $87,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,000 |
| Total Program Service Revenue | $0 |
| Investment income | $2,799 |
| 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 | $194,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $85,000 |
| Compensation of current officers, directors, key employees. | $8,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,185 |
| Information technology | $3,276 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,715 |
| All other expenses | $4,166 |
| Total functional expenses | $185,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $750,793 |
| Savings and temporary cash investments | $188,265 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $413,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,352,953 |
| Accounts payable and accrued expenses | $2,396 |
| 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 | $2,396 |
| Net assets without donor restrictions | $1,350,557 |
| 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 | $1,352,953 |
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