Illinois Energy Association
- Assets
- $215.9k
- Revenue
- $906.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Springfield, IL
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 37-1319051
Organization Overview
Illinois Energy Association is located in Springfield, IL. The organization was established in 1996. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Illinois Energy Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Energy Association 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, Illinois Energy Association generated $906.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $512.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 7 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 OPERATE AS AN ILLINOIS TRADE ASSOCIATION FOR INVESTOR-OWNED PUBLIC UTILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP, ORGANIZE AND PROMOTE IMPROVEMENTS IN THE COMMON BUSINESS INTERESTS AND CONDITIONS OF THE INVESTOR-OWNED PUBLIC UTILITIES IN THE STATE OF ILLINOIS.
TO EDUCATE AND INFORM MEMBERS OF ISSUES AFFECTING THE INTERESTS AND CONDITIONS OF THE INVESTOR-OWEND PUBLIC UTILTIES IN THE STATE OF ILLINOIS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph P Evans President | Officer | 40 | $263,736 |
Jim Monk Former President | 0 | $103,457 | |
Jeff Ferry Chairperson | OfficerTrustee | 0 | $0 |
Brian Leonard Director | Trustee | 0 | $0 |
Scott Humbard Director | Trustee | 0 | $0 |
Deshana Forney Director | Trustee | 0 | $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 | $906,096 |
| Investment income | $528 |
| 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 | $906,624 |
| 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. | $260,958 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,485 |
| Pension plan accruals and contributions | $61,655 |
| Other employee benefits | $0 |
| Payroll taxes | $25,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $870 |
| Fees for services: Accounting | $34,688 |
| 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 | $8,480 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,657 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,185 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,372 |
| All other expenses | $0 |
| Total functional expenses | $512,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,868 |
| Savings and temporary cash investments | $0 |
| 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 | $215,868 |
| Accounts payable and accrued expenses | $83,478 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| 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 | $123,478 |
| Net assets without donor restrictions | $92,390 |
| 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 | $215,868 |
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Corn Belt Electric Cooperative Inc Bloomington, IL | $225,280,163 | $84,317,914 |
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Fleming-Mason Energy Cooperative Inc Flemingsburg, KY | $142,667,683 | $79,467,396 |
Tipmont Rural Electric Membership Corporation Linden, IN | $238,009,464 | $75,841,839 |
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