Illinois Manufacturing Excellence Center
- Assets
- $8.5m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 42
- Location
- Peoria, IL
- Founding
- 04/1998
- Data as of
- 09/2022
- EIN
- 37-1368934
Organization Overview
Illinois Manufacturing Excellence Center is located in Peoria, IL. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 09/2022, Illinois Manufacturing Excellence Center employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Manufacturing Excellence Center 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 09/2022, Illinois Manufacturing Excellence Center generated $12.2m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $11.4m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Illinois Manufacturing Excellence Center has awarded 16 individual grants totaling $15,994,888. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE LONG-TERM ECONOMIC AND WORKFORCE COMPETITIVENESS OF THE STATE AND NATION BY STIMULATING INNOVATION AND THE DEVELOPMENT OF NEW PRACTICES, PRODUCTS, SERVICES, AND PRODUCTION PRACTICES AND TO OPERATE EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ILLINOIS MANUFACTURING EXCELLENCE CENTER (IMEC) IS A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO PROVIDING TECHNICAL, MANAGEMENT AND FINANCIAL ASSISTANCE AS WELL AS CONSULTING AND TRAINING SERVICE TO MANUFACTURING AND TECHNOLOGY-RELATED FIRMS, AND TO RELATED INDUSTRIES THAT IMPACT SUCH ENTERPRISES. ACTIVITIES DURING THE PERIOD INCLUDE SERVICE TO 1866 SMALLER MANUFACTURERS INVOLVING 777 TECHNICAL ASSISTANCE PROJECTS, 343 OTHER INFORMAL ASSISTANCE ENGAGEMENTS, AND DISSEMINATION OF INFORMATION TO OVER 10,000 SMALLER MANUFACTURERS AND MANUFACTURING-RELATED ENTERPRISES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Boulay President | Officer | 40 | $295,250 |
Brad Albrecht Director | Trustee | 0.7 | $0 |
Marcia Ayala Director | Trustee | 0.7 | $0 |
Robert Barnett Director | Trustee | 0.7 | $0 |
David Carroll Director | Trustee | 0.7 | $0 |
David Fox Director | Trustee | 0.7 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bradley University Employment/accounting | 9/29/22 | $714,251 |
Nextec Operating Consulting | 9/29/22 | $438,007 |
Cre8tive Technology And Design Consulting | 9/29/22 | $311,528 |
Fuss & O'neill Tpm Services Consulting | 9/29/22 | $295,580 |
Custom Direct Inc Consulting | 9/29/22 | $239,226 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,109,769 |
| All other contributions, gifts, grants, and similar amounts not included above | $24 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,109,793 |
| Total Program Service Revenue | $5,024,338 |
| Investment income | $16,944 |
| 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 | $12,151,075 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,402,033 |
| 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. | $330,000 |
| Compensation of current officers, directors, key employees. | $143,621 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,462 |
| Pension plan accruals and contributions | $13,750 |
| Other employee benefits | $2,326 |
| Payroll taxes | $39,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $675 |
| Fees for services: Accounting | $26,198 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,540 |
| Office expenses | $211,659 |
| Information technology | $83,096 |
| Royalties | $0 |
| Occupancy | $50,022 |
| Travel | $285,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,312 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $31,393 |
| All other expenses | $0 |
| Total functional expenses | $11,400,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,177,702 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,615,081 |
| Accounts receivable, net | $660,962 |
| 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 | $39,759 |
| 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 | $8,493,504 |
| Accounts payable and accrued expenses | $498,585 |
| Grants payable | $977,473 |
| 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 | $477,756 |
| Total liabilities | $1,953,814 |
| Net assets without donor restrictions | $6,539,690 |
| 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 | $8,493,504 |
Grants Awarded
Over the last fiscal year, Illinois Manufacturing Excellence Center has awarded $5,402,033 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ILLINOIS-CHICAGO PURPOSE: Client Services | $2,370,874 |
NORTHERN ILLINOIS UNIVERSITY PURPOSE: Client Services | $1,498,257 |
SOUTHERN ILLINOIS UNIVERSITY PURPOSE: Client Services | $1,004,311 |
BRADLEY UNIVERSITY PURPOSE: Client Services | $481,727 |
ILLINOIS CENTRAL COLLEGE PURPOSE: Client Services | $21,864 |
KASKASKIA COLLEGE PURPOSE: Client Services | $25,000 |