Economic Development Corporation Of Decatur-Macon County
- Assets
- $1.0m
- Revenue
- $610.0k
- Investments
- $488.6k
- Employees
- 3
- Location
- Decatur, IL
- Founding
- 12/1988
- Data as of
- 05/2024
- EIN
- 37-1082707
Organization Overview
Economic Development Corporation Of Decatur-Macon County is located in Decatur, IL. The organization was established in 1988. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 05/2024, Economic Development Corporation Of Decatur-Macon County employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Development Corporation Of Decatur-Macon County is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 05/2024, Economic Development Corporation Of Decatur-Macon County generated $610.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $518.3k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO COORDINATE NON-RETAIL BUSINESS ATTRACTION, RETENTION, AND EXPANSION EFFORTS IN MACON COUNTY, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGE, IMPLEMENT AND FACILITATE ACCESS OF/TO VARIOUS PROGRAMS TO PROMOTE CREATION OF NEW JOBS AND RETENTION OF EXISTING JOBS IN THE COMMUNITY. ATTRACT NEW NON-RETAIL BUSINESSES TO THE AREA AND ASSIST EXISTING BUSINESSES WITH GROWTH OPPORTUNITIES RESULTING IN NEW JOBS AND INVESTMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Bateman President | Officer | 40 | $158,607 |
Elliott Brammer Director | Trustee | 2 | $0 |
Darcy Conner Treasurer | OfficerTrustee | 2 | $0 |
Tyler Cormeny Vice Chairma | OfficerTrustee | 2 | $0 |
Drew Earl Immed Past C | OfficerTrustee | 2 | $0 |
Clay Gerhard Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $88,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $349,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,676 |
| Total Program Service Revenue | $138,303 |
| Investment income | $26,578 |
| 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 | $609,955 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $295,969 |
| Pension plan accruals and contributions | $9,410 |
| Other employee benefits | $21,698 |
| Payroll taxes | $22,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,864 |
| Advertising and promotion | $59,925 |
| Office expenses | $16,452 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,020 |
| Travel | $12,684 |
| 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 | $3,558 |
| All other expenses | $0 |
| Total functional expenses | $518,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $488,982 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $488,568 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,951 |
| Total assets | $1,015,501 |
| Accounts payable and accrued expenses | $31,810 |
| 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 | $31,810 |
| Net assets without donor restrictions | $983,691 |
| 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 | $1,015,501 |