Mattoon Area Industrial Development Corp
- Assets
- $822.9k
- Revenue
- $165.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Mattoon, IL
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 37-1206627
Organization Overview
Mattoon Area Industrial Development Corp is located in Mattoon, IL. The organization was established in 1997. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mattoon Area Industrial Development Corp 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 12/2021, Mattoon Area Industrial Development Corp generated $165.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $1.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mattoon Area Industrial Development Corp has awarded 18 individual grants totaling $180,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE BUSINESS AND INDUSTRIAL GROWTH IN CORPORATE LIMITS OF MATTOON, ILLINOIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATTOON AREA INDUSTRIAL DEVELOPMENT CORP (MAID) ACQUIRED AND REHABILITATED A BUILDING TO SUIT THE NEEDS OF A BLUE CROSS/BLUE SHIELD CLAIM PROCESSING CENTER. MAID FEELS THE PROJECT WAS INSTRUMENTAL IN SECURING AND RETAINING THE 100 PLUS JOBS AT THE FACILITY.AFTER 20 YEARS, MAID CONTINUES TO SUPPORT BLUE CROSS/BLUE SHIELD, AND CONTINUES TO ADDRESS THE EXPANSION OF THE CURRENT CENTER INTO A REGIONAL CENTER. THIS REGIONAL CENTER WILL BRING ADDITIONAL JOBS TO THE MATTOON COMMUNITY.MAID CONTINUES TO WORK CLOSELY WITH BLUE CROSS/BLUE SHIELD TO ASSURE THE COMPANY HAS GOOD EMPLOYEE RETENTION, THE FACILITY HAS PROPER REPAIRS WHEN NEEDED, AND THE FACILITY IS SUPPORTED TO MEET THE INCREASED POWER NEEDS FOR THE INCREASED COMPUTER USAGE.
MATTOON AREA INDUSTRIAL DEVELOPMENT HAS ASSISTED MATTOON HIGH SCHOOL WITH PURCHASING OF EQUIPMENT TO ASSIST THE STUDENTS OF THE HIGH SCHOOL. SPECIFICALLY, THE BOARD MET AT THE HIGH SCHOOL DURING THE YEAR, TOURED VARIOUS TRADE CLASSES (WOODWORK, AGRICULTURE, AUTOMOTIVE, ETC) TO SEE WHAT THE STUDENTS WERE WORKING ON. MATTOON COMMUNITY SCHOOL DISTRICT #2 WAS RECENTLY AWARDED BY THE STATE BOARD OF EDUCAITON THE ABILITY TO PROVIDE MORE REAL LIFE CLASSROOMS AND LESS TRADTIONAL CLASSES. THESE STUDENTS NEED TO HAVE SUFFICIENT TECHNOLOGY TO BE ABLE TO USE IN ORDER TO LEARN HOW TO BE PREPARED WHEN ENTERING THE WORKFORCE. THE HIGH SCHOOL PROVIDED A LISTING OF EQUIPMENT THAT IS NEEDED AND THE BOARD APPROVED THE PURCHASE OF THE EQUIPMENT.
MATTOON AREA INDUSTRIAL DEVELOPMENT (MAID) HAS PARTNERED WITH COLES TOGETHER IN AN EFFORT TO ATTRACT NEW BUSINESSES TO MATTOON. COLES TOGETHER'S MISSION ALIGNS WITH THAT OF MAID TO PROMOTE ECONOMIC AND WORKFORCE DEVELOPMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Grissom President | OfficerTrustee | 1 | $0 |
Ed Dowd Secretary | OfficerTrustee | 1 | $0 |
Alex Hagen Treasurer | OfficerTrustee | 1 | $0 |
Tony Sparks Vice President | OfficerTrustee | 1 | $0 |
Al Volk Director | Trustee | 1 | $0 |
John Hedges Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,097 |
| Net Gain/Loss on Asset Sales | $147,440 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,375 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $10 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $10 |
| Total functional expenses | $1,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,608 |
| Savings and temporary cash investments | $705,259 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $822,867 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $822,867 |
| Total liabilities and net assets/fund balances | $822,867 |
Grants Awarded
Over the last fiscal year, Mattoon Area Industrial Development Corp has awarded $180,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MATTOON PRECISION MANUFACTURING PURPOSE: PPE GRANT | $10,000 |
RURAL KING PURPOSE: PPE GRANT | $10,000 |
MARS PETCARE PURPOSE: PPE GRANT | $10,000 |
JUSTRITE SAFETY GROUP PURPOSE: PPE GRANT | $10,000 |
ANAMET ELECTRICAL INC PURPOSE: PPE GRANT | $10,000 |
MARS PETCARE PURPOSE: PPE GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Inc Of Rock And Walworth Counties Beloit, WI | $10,640,793 | $9,364,558 |
Health Care Coalition Of Lafayette County Lexington, MO | $6,605,075 | $10,749,967 |
Southwest Organizing Project Chicago, IL | $8,393,250 | $8,859,182 |
Better Family Life Inc Saint Louis, MO | $13,300,452 | $8,576,793 |
Impact Seven Incorporated Rice Lake, WI | $149,638,063 | $17,926,158 |
North Central Community Action Program Inc wisconsin rapids, WI | $2,366,497 | $7,790,312 |
Cortex St Louis, MO | $86,543,841 | $5,279,863 |
Chicago Community Loan Fund Chicago, IL | $136,728,558 | $16,943,178 |
Community Action Of Southern Indiana Inc Jeffersonville, IN | $1,581,999 | $6,952,233 |
Community Partnership Of The Ozark Inc Springfield, MO | $5,862,422 | $7,229,024 |
Regional Development Authority Davenport, IA | $4,541,432 | $7,109,702 |
Mission St Louis St Louis, MO | $2,979,826 | $6,823,271 |