Greater Champaign-Urbana Economic Partnership Inc
- Assets
- $385.8k
- Revenue
- $665.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Champaign, IL
- Founding
- 02/1987
- Data as of
- 06/2021
- EIN
- 37-1200848
Organization Overview
Greater Champaign-Urbana Economic Partnership Inc is located in Champaign, IL. The organization was established in 1987. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Greater Champaign-Urbana Economic Partnership Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Champaign-Urbana Economic Partnership 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 06/2021, Greater Champaign-Urbana Economic Partnership Inc generated $665.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $604.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC DEVELOPMENT IN AND TO BOOST THE ECONOMY OF CHAMPAIGN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE ECONOMIC DEVELOPMENT IN AND TO BOOST THE ECONOMY OF CHAMPAIGN COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carly Mccrory Executive Director | Officer | 40 | $94,723 |
Fred Coleman Chair | OfficerTrustee | 1 | $0 |
Stephanie Stuart Vice Chair | OfficerTrustee | 1 | $0 |
Steve Tock Treasurer | OfficerTrustee | 1 | $0 |
Bruce Knight Asst. Treasurer | OfficerTrustee | 1 | $0 |
Max Mitchell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $295,718 |
| All other contributions, gifts, grants, and similar amounts not included above | $369,279 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $664,997 |
| Total Program Service Revenue | $0 |
| Investment income | $20 |
| 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 | $665,047 |
| 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. | $106,546 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,462 |
| Pension plan accruals and contributions | $13,355 |
| Other employee benefits | $35,554 |
| Payroll taxes | $22,945 |
| 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 | $42,614 |
| Advertising and promotion | $24,683 |
| Office expenses | $4,094 |
| Information technology | $3,529 |
| Royalties | $0 |
| Occupancy | $54,152 |
| Travel | $4,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $297 |
| Insurance | $4,536 |
| All other expenses | $12,148 |
| Total functional expenses | $603,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $245,664 |
| Pledges and grants receivable | $109,621 |
| 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 | $28,425 |
| Net Land, buildings, and equipment | $2,080 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $385,790 |
| Accounts payable and accrued expenses | $40,601 |
| 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 | $40,601 |
| Net assets without donor restrictions | $253,933 |
| Net assets with donor restrictions | $91,256 |
| 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 | $385,790 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Champaign-Urbana Economic Partnership Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Carle Foundation Hospital Urbana, IL PURPOSE: COMMUNITY BUILDING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Electrical Industry Vacation - Holiday Plan Wauwatosa, WI | $15,465,835 | $13,612,321 |
Community Ventures Corporation Inc Lexington, KY | $84,057,573 | $14,249,179 |
Seton Property Corporation Of North Alabama St Louis, MO | $50,940,533 | $5,932,254 |
Horizon House Inc Indianapolis, IN | $11,235,353 | $7,114,001 |
Downtown Parking Management Inc Cedar Rapids, IA | $2,652,564 | $2,696,142 |
St Marys Building Corporation St Louis, MO | $40,020,947 | $3,125,452 |
Delaware Advancement Corporation Muncie, IN | $19,134,942 | $3,911,691 |
Providence Building Corporation Inc St Louis, MO | $6,600,443 | $3,711,993 |
Austin Peoples Action Center Chicago, IL | $1,169,247 | $2,618,671 |
Scott County Regional Authority Bettendorf, IA | $3,455,493 | $3,293,735 |
Choose Chicago Foundation Chicago, IL | $859,781 | $2,550,000 |
Delta Institute Chicago, IL | $8,129,187 | $1,847,841 |