Southernmost Illinois Delta Empowerment Zone
- Assets
- $4.6m
- Revenue
- $590.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Mounds, IL
- Founding
- 02/2000
- Data as of
- 06/2023
- EIN
- 37-1383807
Organization Overview
Southernmost Illinois Delta Empowerment Zone is located in Mounds, IL. The organization was established in 2000. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Southernmost Illinois Delta Empowerment Zone employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southernmost Illinois Delta Empowerment Zone 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 06/2023, Southernmost Illinois Delta Empowerment Zone generated $590.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $573.4k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE FOSTER AND ENGAGE IN CHARITABLE ACTIVITES TO PROMOTE ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE, FOSTER AND ENGAGE IN CHARITABLE ACTIVITIES TO PROMOTE ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Wilburn President | Trustee | $0 | |
Robert Reichert Vice President | Trustee | $0 | |
Candy Eastwood Treasurer | Trustee | $0 | |
Darryl Anderson Board Member | Trustee | $0 | |
Dean Rogan Sr Board Member | Trustee | $0 | |
Rita Flummer Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $141,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $386,500 |
| Total Program Service Revenue | $186,626 |
| Investment income | $15,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,410 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $590,897 |
| 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. | $59,140 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,137 |
| Pension plan accruals and contributions | $1,764 |
| Other employee benefits | $840 |
| Payroll taxes | $6,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $271 |
| Advertising and promotion | $615 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,754 |
| Travel | $2,059 |
| 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 | $30,068 |
| Insurance | $12,297 |
| All other expenses | $18,664 |
| Total functional expenses | $573,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,339,116 |
| Pledges and grants receivable | $41,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,119,918 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,996 |
| Net Land, buildings, and equipment | $665,918 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $378,945 |
| Total assets | $4,567,393 |
| Accounts payable and accrued expenses | $13,150 |
| 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 | $857,020 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $870,170 |
| Net assets without donor restrictions | $3,064,112 |
| Net assets with donor restrictions | $633,111 |
| 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 | $4,567,393 |