Illinois Valley Economic Development Corporation is located in Gillespie, IL. The organization was established in 1966. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Illinois Valley Economic Development Corporation employed 313 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Valley Economic Development Corporation 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 06/2022, Illinois Valley Economic Development Corporation generated $12.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $12.7m during the year ending 06/2022. While expenses have increased by 8.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IVEDC RUNS PROGRAMS TO ASSIST LOW-INCOME, DISABLED, ELDERLY, AND INDIVIDUALS AND FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY PROGRAMS - THE ILLINOIS VALLEY ECONOMIC DEVELOPMENT CORPORATION OPERATES TWO PROGRAMS PROVIDING HOME UTILITY ASSISTANCE AND ENERGY SECURITY IN THE AGENCY'S FOUR COUNTY SERVICE AREA. THESE PROGRAMS ARE THE LOW-INCOME HOME ENERGY ASSISTANCE PROGRAM (LIHEAP), AND THE ILLINOIS HOME WEATHERIZATION ASSISTANCE PROGRAM (IHWAP). LIHEAP ANNUALLY PROVIDES BENEFITS TO ELIGIBLE HOUSEHOLDS TO OFFSET WINTER AND SUMMER UTILITY COSTS, PROVIDE FOR RECONNECTION OF UTILITY SERVICES, AND PROVIDE FOR FURNACE REPAIR OR REPLACEMENT. THE NUMBER OF HOUSEHOLDS ASSISTED VARIES EACH YEAR DUE TO THE CHANGING ALLOCATIONS PROVIDED. IN FY22 PROGRAM YEAR, THE AGENCY PROVIDED 2,887 HOUSEHOLDS WITH UTILITY ASSISTANCE, OVER 667 HOUSEHOLDS WITH FUNDS FOR EMERGENCY RECONNECTION, AND APPROXIMATELY 32 HOUSEHOLDS WITH FURNACE REPAIR OR REPLACEMENT. FOR FY22, THE PERCENTAGE OF INCOME PAYMENT PROGRAM (PIPP) PROVIDED UTILITY ASSISTANCE TO APPROXIMATELY 463 HOUSEHOLDS. IHWAP PROVIDES WEATHERIZATION ASSISTANCE IN THE FORM OF INSULATION, WEATHER STRIPPING, AIR-SEALING, REPAIRING WINDOWS AND DOORS, PURCHASE OF REFRIGERATORS, AND PROVIDING FOR MAINTENANCE, REPAIR, AND/OR REPLACEMENT OF HEATING SYSTEMS. THE NUMBER OF HOUSEHOLDS THE IHWAP PROGRAM CAN ASSIST YEARLY DEPENDS ON PROGRAM FUNDING, AND THE AMOUNT OF FUNDS NEEDED PER HOME TO MAKE THE HOME MORE ENERGY EFFICIENT, AFFORDABLE, AND COMFORTABLE. IVEDC RUNS A CREW BASED PROGRAM FOR ARCHITECTURAL AND A CONTRACTOR BASED PROGRAM FOR HVAC. USING THIS HYBRID APPROACH, 31 HOMES WERE WEATHERIZED IN FY22, RETURNING TO OUR PRE-COVID NUMBERS.
EARLY CHILDHOOD PROGRAMS - THE HEAD START PROGRAM PROVIDES OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED CHILDREN, AGES 3 THROUGH 5, TO RECEIVE COMPREHENSIVE CHILD DEVELOPMENT SERVICES AND ASSISTANCE TO THEIR PARENTS IN FORMULATING AND ACHIEVING SELF-SUFFICIENCY GOALS. WE ARE FUNDED TO SERVE A TOTAL OF 239 CHILDREN, 10% WITH DISABILITIES, WITHIN OUR SERVICE AREA OF MACOUPIN, GREENE, JERSEY, AND CALHOUN COUNTIES. CHILDREN ATTEND EITHER A CENTER BASED MODEL WITH CLASSES 5 DAYS A WEEK, 5.5 HOURS A DAY, FOR A TOTAL OF 160 DAYS OR A HOME BASED MODEL IN WHICH CHILDREN AND PARENTS PARTICIPATE IN A WEEKLY HOME VISIT FOR 37 WEEKS WITH GROUP ACTIVITIES HELD TWICE A MONTH. AS PART OF THE PROGRAM, CHILDREN RECEIVE EDUCATION, MEDICAL, DENTAL, NUTRITION, AND MENTAL HEALTH SERVICES. EDUCATIONAL PROGRESS AND OUTCOMES ARE TRACKED THROUGH THE TEACHING STRATEGIES GOLD, DIAL 4 SCREENINGS, AND OBSERVATIONAL INSTRUMENTS THREE TIMES DURING THE YEAR. CHILDREN SHOW DRAMATIC PROGRESS IN THE AREAS EVALUATED WHICH INCLUDE SOCIAL, EMOTIONAL, PHYSICAL, COGNITIVE, AND LANGUAGE DEVELOPMENT. APPROXIMATELY 50% OF THE CHILDREN TRANSITION INTO KINDERGARTEN EACH YEAR. THE EARLY HEAD START PROGRAM OFFERS SIMILAR AGE APPROPRIATE AND PARENTING OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED FAMILIES WHO HAVE CHILDREN UP TO AGE 3. THE PROGRAM IS A HOME-BASED MODEL SERVING 24 FAMILIES A MINIMUM OF 48 WEEKS/YEAR. PARENTS ARE ENCOURAGED TO BECOME DIRECTLY INVOLVED IN THE PROGRAM BY VOLUNTEERING IN THE CLASSROOM, ATTENDING PARENT MEETINGS, SERVING ON THE POLICY COUNCIL, PARTICIPATING IN HOME VISITS AND PARENT/TEACHER CONFERENCES, AND ENTERING INTO FAMILY PARTNERSHIP AGREEMENTS FOR GOAL SETTING PURPOSES. BY PROVIDING INDIVIDUALIZED SERVICES FOR BOTH CHILDREN AND PARENTS, THE HEAD START PROGRAM PREPARES THE CHILDREN FOR KINDERGARTEN AND THE PARENTS FOR SETTING AND ACHIEVING FAMILY GOALS AS WELL AS STRENGTHENING THEIR ROLE AS THE FIRST AND PRIMARY EDUCATORS OF THEIR CHILDREN. IN FY22 IVEDC SERVED 176 CHILDREN. CHILDREN WERE ASSESSED USING TEACHING STRATEGIES GOLD AND MET OR EXCEEDED OBJECTIVES IN SOCIAL EMOTIONAL, PHYSICAL, LANGUAGE, COGNITIVE, LITERACY AND MATHEMATICS. PREVENTION INITIATIVE 0-3 PROGRAM PROVIDED SIMILAR SERVICES AS THE EARLY HEADSTART PROGRAM. PI SERVED 12 FAMILIES WITH LIKE SERVICES.
COMMUNITY DAY SERVICE PROGRAMS - IVEDC OPERATES TWO CDS PROGRAMS IN JERSEY AND MACOUPIN COUNTIES, WHICH PROVIDE A FULL RANGE OF SERVICES FOR PERSONS EIGHTEEN YEARS OF AGE OR OLDER WHO HAVE A DIAGNOSED DEVELOPMENTAL DISABILITY. DEVELOPMENT TRAINING SERVICES INCLUDE ASSESSMENT AND INDIVIDUAL PROGRAM PLANNING. EMPLOYMENT SERVICES ARE PROVIDED, WHERE CONTRACT WORK IS COMPETITIVELY BID AND INDIVIDUALS EARN A PAYCHECK WHILE LEARNING REAL WORK SKILLS. THE PROGRAMS ARE DESIGNED TO TEACH LIFE SKILLS AND GOOD WORK HABITS TO DEVELOP POTENTIAL AND INCREASE SELF-SUFFICIENCY, SO THAT EACH INDIVIDUAL MAY HAVE THE BEST POSSIBLE QUALITY OF LIFE WITHIN THE LEAST RESTRICTIVE ENVIRONMENT. IVEDC SERVES APPROXIMATELY 101 DEVELOPMENTALLY DISABLED ADULTS THROUGH PROGRAMS AND WORK OPPORTUNITIES AT OUR FACILITIES LOCATED IN GILLESPIE (MACOUPIN COUNTY) AND JERSEYVILLE (JERSEY COUNTY). MANY PARTICIPANTS ARE OFFERED THE OPPORTUNITY TO EARN A PAYCHECK WHETHER WORKING IN THE CONTRACTED CARDBOARD RECYCLING, CONTRACTED PIECE WORK, BUILDING CRAFTS THAT SUPPLY LOCAL MARKETS OR MAINTENANCE PERSONNEL AT THE RAILSPLITTER AND/OR COALFIELD REST AREA ON INTERSTATE I-55.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lynn Petrelli CFO | Officer | 40 | $69,063 |
Stephanie Stahlhut Executive Director | Officer | 40 | $59,139 |
Joyce Clark Treasurer | OfficerTrustee | 2 | $0 |
Linda Davidson Board Chair | OfficerTrustee | 2 | $0 |
Don Little Secretary | OfficerTrustee | 2 | $0 |
Michael Showalter Director | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Butler Heating And Cooling Hvac | 6/29/20 | $168,057 |
Koster Construction Construction | 6/29/20 | $110,058 |
Butler Heating And Cooling Hvac | 6/29/20 | $168,057 |
Koster Construction Construction | 6/29/20 | $110,058 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $10,029,048 |
All other contributions, gifts, grants, and similar amounts not included above | $104,015 |
Noncash contributions included in lines 1a–1f | $26,945 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,133,063 |
Total Program Service Revenue | $2,675,092 |
Investment income | $22,046 |
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 | $12,871,586 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $5,063,438 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $182,270 |
Compensation of current officers, directors, key employees. | $182,270 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,650,035 |
Pension plan accruals and contributions | $186,971 |
Other employee benefits | $0 |
Payroll taxes | $325,835 |
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 | $238,152 |
Advertising and promotion | $0 |
Office expenses | $592,426 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $368,595 |
Travel | $95,692 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $54,221 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $200,005 |
Insurance | $221,250 |
All other expenses | $1,556 |
Total functional expenses | $12,666,759 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,398,902 |
Savings and temporary cash investments | $2,459,231 |
Pledges and grants receivable | $1,559,706 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $46,328 |
Inventories for sale or use | $11,109 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $711,841 |
Investments—publicly traded securities | $0 |
Investments—other securities | $26,000 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $10,213,117 |
Accounts payable and accrued expenses | $1,313,783 |
Grants payable | $260,186 |
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 | $1,573,969 |
Net assets without donor restrictions | $6,870,421 |
Net assets with donor restrictions | $1,768,727 |
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 | $10,213,117 |
Over the last fiscal year, we have identified 1 grants that Illinois Valley Economic Development Corporation has recieved totaling $55.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $55 |
Organization Name | Assets | Revenue |
---|---|---|
Jewish Community Centers Of Chicago Northbrook, IL | $32,100,080 | $36,016,518 |
Jewish Community Center St Louis, MO | $73,670,376 | $21,790,226 |
Christopher House Chicago, IL | $33,720,951 | $17,812,600 |
Harry And Rose Samson Family Jewish Community Center Inc Milwaukee, WI | $35,315,699 | $16,004,806 |
Illinois Valley Economic Development Corporation Gillespie, IL | $10,213,117 | $12,871,586 |
Heartland Center For Behavioral Change Kansas City, MO | $6,675,393 | $11,265,648 |
Erie Neighborhood House Chicago, IL | $11,699,595 | $9,786,163 |
Irwin A And Robert D Goodman Community Center Inc Madison, WI | $24,842,387 | $10,176,996 |
The Ark Chicago, IL | $15,671,677 | $9,993,897 |
Childrens Outing Assn Milwaukee, WI | $15,302,418 | $8,063,882 |
Southeast Community Services Inc Indianapolis, IN | $19,009,152 | $11,898,088 |
Edna Martin Christian Center Indianapolis, IN | $16,801,398 | $8,765,401 |